Hassett: No Discussion with Trump on Fed Chairmanship
Hassett said the Fed should now proceed with a cautious rate cut and that the government shutdown has caused a bigger shock to the economy than expected. He said he expects a stronger recovery in the first quarter. Hassett, who indicated that growth could reach 4% in 2026, stated that he never discussed the Fed chairmanship with Trump and that he supported Bessent’s assessments.
EU Commission: Crypto Regulation Should Be Taken Away From Countries and Transferred to ESMA
The European Commission proposed transferring regulatory authority over crypto companies to ESMA to eliminate differences in MiCA implementation. It is stated that 27 different regulatory approaches within the EU lead to fragmentation. It is noted that supervision conducted from a single center would make cross-border operations more efficient. The proposal requires approval from the Parliament and Council.
JPMorgan: Bitcoin Could Theoretically Approach $170,000 Within 6–12 Months
JPMorgan stated that despite recent declines, Bitcoin’s theoretical value has the potential to approach $170,000 within the next 6–12 months. The bank notes that the fundamental driving force is Strategy’s accumulation model. Attention was drawn to Strategy’s $1.4 billion reserve fund, which could reduce the risk of potential sales. MSCI’s January 15 index decision is seen as an “asymmetric catalyst.”
BofA: Fed Could End Year-End Rally
Bank of America said that if the Fed speaks overly cautiously at its next meeting, the “Santa Claus rally” could come under pressure. With the SPX approaching historic highs, markets are currently banking on interest rate cuts and a low inflation scenario. A drop in the dollar could signal that the economic slowdown is deeper than expected. Analyst Hartnett warned that selling pressure could build in long-term bonds.
US 10-Year Treasury Yield Hits 4-Year High at 4.12%
The US 10-year Treasury yield rose 2 basis points to 4.12%. This level is the highest recorded since November 2020. The increase shows that the market is adapting to tight financial conditions.
According to BitcoinTreasuries data, the Bank of Canada purchased 1.47 million Strategy (MSTR) shares worth approximately $273 million. The bank is said to have become one of the largest institutions making indirect investments in Bitcoin. This purchase shows that institutional interest remains strong despite price declines.
Fidelity CEO Abigail Johnson: I Personally Own Bitcoin
Fidelity CEO Johnson revealed that she personally holds Bitcoin and views BTC as the “gold standard.” Although the size of her position was not disclosed, the statement highlights the growing Bitcoin ownership among institutional executives. Johnson has long been known as a crypto-friendly executive.
Ethereum Foundation Transfers 1,000 ETH (3.12 Million $)
According to Lookonchain data, the Ethereum Foundation transferred approximately 1,000 ETH worth $3.12 million on December 5. The purpose of the transfer was not specified, but the foundation’s past movements are typically associated with ecosystem funding or operational transfers. The transaction was viewed by the market as a neutral-to-mildly bullish move.
Franklin Templeton Reveals SOL ETF Details
Franklin Templeton announced that its Solana ETF will initially hold 17,000 SOL. The value of this position is approximately $2.4 million. The ETF’s trading fee has been set at 0.19%, and the staking rewards earned from the SOL will be included in the fund’s income. Coinbase Custody will provide asset custody services.
