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Polymarket and Kalshi show near-unanimous consensus ahead of Wednesday’s decision, with $14 million traded in the past 24 hoursPrediction markets show a 94% probability the Federal Reserve will cut interest rates on Wednesday. In the past 24 hours alone, $14 million has traded on the December decision across the two major prediction markets, with $310 million in all-time volume.Polymarket shows 94% odds of a 25-basis-point reduction, with $28.2 million in open interest. Kalshi odds have the cut at 93%, with $7.2 million in open interest. Open interest reflects the $35 million currently at stake across both markets; volume counts every…

Weary U.S.-based bitcoin BTC$92,629.81 bulls might think it’s their imagination that they seem to wake up every morning to BTC doing pretty well only for prices to head lower during the U.S. trading session.They are, in fact, not imagining things.Data from crypto analytics platform Velo.xyz shows that over the past year, bitcoin is more likely to be in the green when traditional U.S. markets are closed and in the red when they’re open.Bitcoin performance by the hour over past year (Velo.xyz) Bloomberg’s Eric Balchunas said the data on better performance after U.S. hours was similar for 2024 as well and…

Senators engaged in bipartisan discussions regarding the anticipated crypto market structure bill met on Tuesday amid ongoing disagreements about the timing of a committee vote on the legislation.  According to a report from Politico, Sen. Cynthia Lummis, a key negotiator for the Republican side, expressed optimism that a new draft of the bill could be released this week.  Lummis aims to have the bill ready for markup before Congress adjourns for the holiday break, stating, “Knock on wood, I hope to share a draft at the end of this week that reflects our best efforts to date.” Lummis Urges Swift…

“The most likely scenario is neither extreme, but rather a continuation of the current price trend,” Gemini stated. Ripple’s XRP has headed south over the past several months and is currently trading at around $2.08, or 45% below the all-time high of $3.65 registered in the summer. The question now is whether the downtrend will intensify by Christmas or if the price is gearing up for a new peak. To get a clearer perspective, we asked four of the most widely used AI-powered chatbots to share their take on the matter. What’s More Likely? ChatGPT claimed that a plunge to…

Real-world asset (RWA) tokenization network Real Finance has secured $29 million in private funding to build an infrastructure layer for RWAs, aiming to make it easier for institutions to adopt tokenized assets.The funding round included a $25 million capital commitment from Nimbus Capital, a digital asset investment firm, with additional participation from Magnus Capital and Frekaz Group, the company informed Cointelegraph. Real Finance stated that the funding will be utilized to expand its compliance and operational infrastructure as it develops a full-stack RWA platform.In the near term, the company aims to tokenize $500 million worth of RWAs — a target it…

Key takeaways:Ethereum’s base layer activity has cooled, with fees and TVL dropping, showing slower demand despite the recent price recovery.Layer-2 networks are growing rapidly, helping to support Ethereum even as base layer usage weakens and traders remain cautious.Ether (ETH) rallied to a three-week high near $3,400 on Tuesday after weak United States job market data reinforced expectations that US monetary policy could become less restrictive sooner than previously thought.Even with the 11.2% weekly gains, traders still worry that sluggish Ethereum network activity and limited demand for bullish leverage may curb the short-term upside. Blockchains ranked by 7-day network fees, USD.…

Hackers pose as meeting hosts, claim audio issues, and trick victims into downloading malicious software during calls. Bitget CEO Gracy Chen has warned of a fast-spreading wave of fake Zoom and Microsoft Teams meeting invitations that are being used to steal crypto from industry professionals. The notices, sent through Telegram and bogus Calendly pages, attempt to trick victims into installing malware disguised as a “network update.” Kidnapping of Chinese Travel Blogger Intensifies Security Fears Chen described how the hackers operate in a December 9 post on X. According to her, it starts with users receiving fake links to what appears…

The blockchain-based social protocol is returning to the fundamental crypto elements it initially sought to leave behind.Farcaster is shifting its focus from social networking to on-chain wallets after five years as a blockchain-based social platform, co-founder Dan Romero said in a series of posts, noting the team has been unable to find a “sustainable growth mechanic for the Twitter-like social network.”In a Farcaster post on Sunday, Dec. 7, Romero wrote that the team “tried social-first” for 4.5 years but “it didn’t work for us,” adding that “wallet has been growing so we’re doubling down on that direction.”The pivot follows earlier…

The machine that never agesPicture a wallet that never ages. No heirs, no estate, no retirement date, a machine adding sats, rolling UTXOs, and bidding the minimum fee for centuries.By 2125, its balance towers over most treasuries; its only preference is to keep existing. Somewhere, a miner includes its quiet, patient heartbeat in a block, and the chain moves on.Bitcoin’s design assumes users die.AI agents do not, and a cohort of long-lived or autonomous agents with near-zero discounting will treat savings, fees, custody, and governance as problems on an unbounded timeline.A money built for mortal balance sheets meets a user…

The Commodity Futures Trading Commission (CFTC) on Monday launched a pilot program allowing select digital assets — bitcoin BTC$90,843.85, ether ETH$3,126.88 and USD Coin (USDC) or other payment stablecoins — to be used as collateral in U.S. derivatives markets.The program, announced by Acting Chairman Caroline Pham, is part of a broader push to give market participants clear rules for using tokenized collateral, including tokenized versions of real-world assets like U.S. Treasuries.“Today, I am launching a U.S. digital assets pilot program for tokenized collateral, including bitcoin and ether, in our derivatives markets that establishes clear guardrails to protect customer assets and…