Bitget Daily Digest (Dec. 11)｜The Federal Reserve announced a 25 bps cut to the benchmark rate; Bitmine purchased 33,504 ETH; CBOE has approved the listing and registration of the 21Shares XRP ETF

Today’s Outlook

1、Cointelegraph reported that the Chicago Board Options Exchange (CBOE) has approved the listing and registration of the 21Shares XRP ETF.

2、According to a survey by Sygnum, 60% of high-net-worth individuals in Asia plan to increase their cryptocurrency purchases.

3、Cointelegraph reported that Japan’s Financial Services Agency (FSA) released a report proposing to shift crypto-asset regulation from the Payment Services Act (PSA) to the Financial Instruments and Exchange Act (FIEA), treating crypto as an investment product.

 

Macro & Hot Topics

1、On December 10 local time, the Federal Reserve announced a 25 bps cut to the benchmark interest rate, lowering the target range from 3.75%–4% to 3.5%–3.75%. This is the Fed’s third consecutive rate cut, totaling 75 bps. In addition, Trump criticized the Fed for “insufficient” rate cuts, while “the other Kevin” faces his final interview today.

2、The “Fed Whisperer”: Three consecutive rate cuts have not eased internal disagreements, and stagflation risks must be watched closely.

3、Powell: The Fed is shifting to a wait-and-see approach; rate hikes are not the base-case expectation at the moment.

4、Analyst Ali: Bitcoin has corrected after 6 of the 7 FOMC meetings held so far this year.

 

Market Performance

1、In the past 24 hours, crypto liquidations reached $423 million, with long positions accounting for $286 million. BTC liquidations totaled $153 million, and ETH liquidations $125 million.

2、U.S. stocks: Dow Jones +1.05%, S&P 500 +0.67%, Nasdaq Composite +0.33%. Additionally, Nvidia (NVDA) -0.64%, Circle (CRCL) -0.53%, Strategy (MSTR) -2.3%.

3、Bitget BTC/USDT liquidation map shows: The current BTC price (around $90,182) sits at the densest high-leverage (50–100x) long liquidation cluster. A drop could trigger a cascade of long liquidations. Meanwhile, cumulative short liquidations below this level far exceed long liquidity above, meaning upward continuation could force stronger short squeeze momentum.

4、In the past 24 hours, BTC spot inflows were about $225 million, outflows about $315 million, resulting in a net outflow of $90 million.

News Updates

1、Michael Saylor criticized MSCI’s plan to exclude companies with high crypto exposure from its indices.

2、GameStop (GME) holds Bitcoin worth $519.4 million, with Q2–Q3 unrealized losses reaching $9.2 million.

3、SpaceX plans an IPO targeting over $30 billion in fundraising, potentially becoming the largest in history. Bloomberg reports that if SpaceX goes public in 2026 at a $1.5 trillion valuation, Elon Musk’s net worth could jump from $460.6 billion to around $952 billion, with his SpaceX holdings alone valued at $625 billion.

 

Project Updates

1、Figure plans to launch the securitized stablecoin YLDS on Solana. YLDS aims to maintain a fixed U.S. dollar price and generate yield through U.S. Treasuries and repo agreements.

2、The U.S. government transferred 1,934 WETH and 13.58 million BUSD seized from FTX Alameda to a new wallet.

3、State Street Bank and Galaxy plan to launch a tokenized liquidity fund in early 2026. The fund will use stablecoins to enable 24/7 investor liquidity, expanding the use of public chains in institutional cash management.

4、VanEck has renamed its Gaming ETF to the “Degen Economy ETF,” focusing on the emerging digital economy.

5、Crypto-AI platform Surf raised $15 million in funding led by Pantera Capital.

6、Sei will partner with Xiaomi to pre-install Web3 payment applications on new smartphones globally.

7、ETHZilla acquired a 15% stake in the digital mortgage platform Zippy for approximately $21 million.

8、SpaceX transferred 1,021 BTC worth $944.8 million to a new wallet.

9、Bitmine purchased another 33,504 ETH from FalconX, worth $112 million.

10、Yesterday, global asset management giant Invesco filed an 8-A form with the U.S. SEC for the Invesco Galaxy Solana ETF — a step usually taken just before launch. Trading typically begins the next day after such filings.

 

Disclaimer: This report is generated by AI and manually verified only for factual accuracy. It does not constitute investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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