Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 92,717.0 | -0.04% |
| Ethereum (ETH) | 3,322.62 | +0.12% |
| Bitcoin Spot ETF | +151.90M | Net Inflow |
| Ethereum Spot ETF | +176.00M | Net Inflow |
| Nasdaq (NAS100) | 25,692.5 | +0.19% |
| S&P 500 (SPX) | 6,840.50 | -0.09% |
| Russell 2000 (RUT) | 2,525.4 | -0.03% |
| U.S. Dollar Index (DXY) | 98.712 | -0.15% |
| VIX Volatility Index | 16.93 | +1.62% |
| U.S. 10-Year Yield | 4.18297 | +0.29% |
| Brent Crude Oil (BRENT) | 62.399 | -0.15% |
| LBMA Gold (XAU) | 4,203.90 | -0.08% |
| LBMA Silver (XAG) | 61.371 | +1.35% |
“Prepared at UTC 07.57 am”
Today’s Key Events
- President Trump to Attend Roundtable Meeting and Greet Religious Leaders
- Fed Interest Rate Decision to be Announced
- FOMC Minutes
- FOMC Economic Projections
- FOMC Press Conference and Chairman Powell to Face the Cameras
- Oracle Earnings Report
- Bittensor (TAO) Halving
- Linea (LINEA) and IOTA (IOTA) Unlockings
September and October US Job Openings Met Expectations
According to ADP data in the US, payrolls increased by an average of 4,750 people per week over the four weeks leading up to November 22. September JOLTS job openings were revised upward to 7.658 million, while October data also exceeded expectations at 7.670 million. The Bureau of Labor Statistics announced that the December 2025 nonfarm payroll data will be released on January 9, 2026. The CPI report is scheduled to be released on January 13, 2026, as planned.
Trump: “I Was the Longest-Serving and Most Successful President”
In a statement on Truth Social, Trump said he was the hardest-working president in history and achieved the best results. He said he grew the economy, ended eight wars, and brought big companies back to the US. He also said he spearheaded the rebuilding of the military and the implementation of the largest tax cut in history. Finally, he emphasized that he received “excellent” results in health assessments conducted by doctors.
Powell’s Message and Hassett’s Balanced Stance Shape the Market
Two articles by Nick Timiraos on the Fed suggest that Powell may adopt a more cautious and hawkish tone in the interest rate cut process. According to Timiraos, despite divisions within the Fed, Powell indicates that the bar for further easing will be higher. Kevin Hassett, on the other hand, said he would not bow to political pressure but that there is room for interest rate cuts if the data allows. This approach aligns with Trump’s call for lower borrowing costs.
CME Fed Watch: 25 bp Cut Probability Today at 87.6%
According to CME data, the probability of a 25 basis point rate cut in December has risen to 87.6%. The probability of rates remaining unchanged is measured at 12.4%. The probability of a total 25 bp cut by January stands at 69.3%. The probability of a cumulative 50 bp cut is seen at 21.3%.
Trump Begins Final Round of Interviews with Fed Chair Candidates
According to the Financial Times, Trump will begin final evaluation interviews for the Fed chair this week. Trump and Treasury Secretary Bessent are scheduled to meet with former Fed Governor Kevin Warsh on Wednesday. US officials report that Hassett remains the strongest candidate and is expected to replace Powell. The new chair nominee is expected to be officially announced in May.
US Treasury Sees Strong Demand in 10-Year Bond Auction
The U.S. Treasury saw strong demand with higher-than-expected yields in its $39 billion 10-year bond auction. The auction yield was 4.175%, slightly above the 4.174% expectation. The bid-to-cover ratio was 2.55, above the average of the last six auctions. Indirect purchases, which indicate foreign demand, rose to 70.2%, signaling significant interest from foreign investors.
US Approves Sale of Nvidia’s H200 Chips to China
Following the US approval of the sale of H200 chips to China, the Chinese Foreign Ministry issued a message of cooperation and mutual benefit. The Financial Times reported that China still plans to restrict access to H200 chips. Beijing is working on a licensing process whereby these chips can only be used with controlled and justified applications. It is noted that the regulations have not yet been finalized.
Bank of Japan: Interest Rate Hike Possible if Economic Outlook Matches Expectations
BoJ Governor Kazuo Ueda said that if the economic outlook progresses in line with expectations, an interest rate hike could be on the agenda. Ueda stated that long-term yields should be determined by the market, but that bond purchases could be increased in the event of rapid rises. He also refrained from commenting on interest rate levels. He emphasized that the bank could intervene flexibly when necessary.
Russia-Ukraine Peace Talks Progressing Slowly
Peace negotiations between Russia and Ukraine are progressing extremely slowly. The progress of the process now largely depends on the diplomatic balance between the US, Europe, and Russia. Zelensky stated that they are working with the US and Europe on security guarantees, a framework agreement, and reconstruction documents. He said that Ukraine would be ready to hold elections within 60–90 days if security guarantees were provided.
Michael Saylor: Major Banks Have Launched Bitcoin-Collateralized Loans
Michael Saylor announced that many major banks, including BNY Mellon, JPMorgan, Wells Fargo, and Citigroup, have begun offering Bitcoin-collateralized loan products. This step is seen as a strong indicator that institutional finance is beginning to accept crypto as a collateral class. Banks’ assessment of Bitcoin as a reliable asset provides the sector with a new area of liquidity. The crypto-backed loan market is expected to grow rapidly.
Japan Introduces Reserve or Insurance Requirements for Crypto Exchanges
Japan will require cryptocurrency exchanges to maintain reserve obligations or obtain insurance to protect customer assets in the event of a cyberattack. The regulation aims to transform the sector’s risk profile by strengthening the protection of customer funds. This step shows that Japan is moving towards a more security-focused framework in its cryptocurrency regulations. The new system is expected to increase operational pressure on exchanges.
Invesco Files Form 8-A with SEC for Solana ETF
Invesco has filed Form 8-A with the SEC for the Invesco Galaxy Solana ETF. This filing is typically known as one of the final steps immediately before an ETF’s official market debut. Trading of the product is expected to begin in the days following the filing. This is seen as a significant development that will increase competition among Solana ETFs in the US markets.
CNBC Poll: Majority Believes Hassett Will Be Appointed Fed Chair
According to a CNBC poll, while 84% of participants expect Hassett to be appointed Fed chair, only 11% see him as a suitable candidate. Waller is the most preferred name in the poll with 47%, while Warsh is second with 23%. However, only 5% of participants believe Trump will choose either of these two names. Hassett appears to be the most prominent name in terms of both expectations and debate.
Putin: “No One Can Ban Bitcoin”
Putin stated at the “Russia Calling!” forum that the development of new payment tools is an inevitable process. He said that technologies such as Bitcoin cannot be banned because they are the result of a natural evolution. He emphasized that alternative payment technologies will continue to grow regardless of the future of the dollar. He stated that the search for cost reduction and increased reliability is accelerating this transformation.
Elon Musk: Government Efficiency Department Won’t Get Involved with DOGE Again
Musk said the government’s efficiency department DOGE was “partially successful” but that he would not make the same choice again. He stated that it would be more efficient to devote time to his own companies rather than participate in government projects. He said the name suggestion came from internet users. He emphasized that the department’s main goal was to reduce government spending.
SEC Chairman Atkins: “The New Year Will Be a Year of Acceleration in Crypto Regulations”
SEC Chairman Paul Atkins announced that the crypto-focused policy agenda will gain momentum in the new year. The “innovation exemption,” expected to be announced at the end of January, aims to reduce compliance costs and support innovation. He noted that Congress will play a critical role in token classification. However, he said that current discussions are progressing slowly and that the passage of legislation will take time.
US Senate: Crypto Market Structure Act May Be Delayed Until 2026
Following a meeting of bipartisan senators, it was stated that it would be difficult to discuss the Crypto Asset Market Structure Act this year. Senator Mark Warner said the timeline would not be met and discussions could spill over into the new year. Other senators were reported to share this view. This increases the likelihood that comprehensive crypto regulation will be delayed until 2026.
CLARITY Bill Draft to Be Released This Week
Senator Lummis stated that the CLARITY Act draft will be shared this week. Amendments will be made to the bill during hearings next week, and the voting process will begin. The first two bipartisan meetings were reported to have been productive. Lummis stated that there are no obstacles to the bill.
Starknet Enters Short-Term Maintenance for v0.14.1 Upgrade
Starknet announced that v0.14.1 will be deployed to the mainnet within a few hours. During this process, the network will enter a brief maintenance mode around UTC 08:30, and transactions will be temporarily paused. The new version will enable faster block finality during periods of low activity. Additionally, the BLAKE hash function SNIP-34 will be implemented in this update.
Ark Invest funds purchased a total of 55,000 ARKB shares yesterday. Of these purchases, 49,246 came from the ARKW fund and 5,754 from the ARKF fund. This move indicates that the institution continues to increase its Bitcoin ETF positions. The increased demand signals continued institutional interest in the spot BTC ETF market.
SharpLink’s ETH Staking Rewards Reach 8,776 ETH
SharpLink announced that it received 446 ETH in rewards last week, bringing its total staking rewards to 8,776 ETH. The company’s staking strategy began on June 2, 2025. It was stated that 100% of all ETH positions are in institutional staking. This demonstrates the company’s confidence in its long-term staking revenue model.
TRON and Revolut Complete Strategic Integration
TRON DAO announced that it will offer TRX staking services to Revolut’s 65 million users with 0% platform fees. Users will also benefit from fast stablecoin transfers and 1:1 fiat-stablecoin conversion services. This step places TRON at the center of Revolut’s Crypto 2.0 plan. The integration will provide full institutional infrastructure support in 30 markets across the European Economic Area.
Aave Proposes Deployment to MegaETH Network
Aave Labs has submitted a governance proposal for the deployment of Aave V3 to the MegaETH chain. The proposal includes support for numerous assets, including ETH, USDM, btc.b, wstETH, iTRY, USDe, stcUSD, and MEGA. This step is seen as part of the Aave ecosystem’s strategy to expand to new chains. If accepted, DeFi liquidity on MegaETH could increase significantly.
SpaceX Plans IPO in 2026 with a $1.5 Trillion Valuation
SpaceX’s IPO valuation is reported to be approximately $1.5 trillion. The company’s 2025 revenues are estimated to be $15 billion, with 2026 revenues projected to be $22–24 billion. The IPO could potentially be one of the largest in history. The IPO date will be determined based on market conditions.
Musk: Grok 4.20 Coming in Three Weeks, Grok 5 Coming in a Few Months
Musk said the Grok 4.20 update will be released in three weeks. He announced that Grok 5 will arrive a few months later. The new model showed significant performance improvements in financial analysis and problem-solving in Alpha Arena tests. Simulation results yielding an average return of over 12% were particularly noteworthy.
