Important news on December 19:
1. Trump's plan to build a Bitcoin reserve may face resistance from the Federal Reserve. According to media reports on Thursday, Federal Reserve Chairman Powell said at a press conference after the monetary policy meeting that the Federal Reserve has no intention of participating in any government plan to hoard a large amount of Bitcoin. Powell pointed out: We are not allowed to hold Bitcoin. Such issues need to be considered by Congress. The Federal Reserve is not currently seeking relevant legal changes. Affected by this, the price of Bitcoin fell rapidly.
2. Trump family encryption project WLFI (World
Liberty spent $250,000 USDC to buy 231,726 ENA and exchanged 103 cbBTC worth $10.36 million into WBTC. It currently holds 8,105 ETH, 103 cbBTC, 78,387 LINK, 6,137 AAVE, 741,687 ENA and 134,216
ONDO. These tokens are recommended for buying on dips, following in Trump's footsteps.
2. Federal Reserve dot plot: The median target range for the policy rate at the end of 2025 is 3.9%, expected to be in September.
3.4%. Market expectations mostly fall on 3 to 4 rate cuts next year, while this time the dot plot indicates only 2 cuts, leading to a market decline influenced by hawkish expectations from the Federal Reserve.
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