Odaily News President-elect Trump has appointed Stephen Miran as chairman of the Council of Economic Advisers. Stephen Miran served as a senior adviser on economic policy at the Treasury Department during Trumps first term.

Odaily News Coinglass data shows that in the past hour, the entire network had a liquidation of US$23.6 million, of which long positions were liquidated for US$20.48 million and short positions were liquidated for US$3.12 million.

Odaily News OKX market data shows that ETH fell below 3300 USDT and is now at 3299.82 USDT, a 24-hour drop of 2.35%. (This newsletter is generated with the assistance of AI)

Odaily News OKX market data shows that SOL fell below 180 USDT and is now at 179.99 USDT, a 24-hour drop of 3%. (This newsletter is generated by AI)

Odaily News Barclays said one of the factors that may keep U.S. interest rates high is U.S. (inflation) policy. At the December meeting, some FOMC participants apparently began to reflect expectations of tariffs in their inflation forecasts. In addition, even among those who did not adjust their official forecasts, many now believe that the balance of inflation risks is tilted to the upside. Although Powell did not clearly answer the extent to which the Fed tends to look through tariff-related price level increases, we believe that it will be a challenge for the Fed to continue to cut interest rates when tariffs are expected to cause inflation to intensify in the second half of 2025, especially against the backdrop of rising inflation rates in recent years. We expect the Fed to pause rate cuts after June next year and resume rate cuts around mid-2026 after inflation pressures caused by tariffs dissipate. In our baseline, we expect two 25 basis point rate cuts in 2026, with a terminal rate of 3.25-3.50%. (Jinshi)

Odaily News OKX market data shows that BTC fell below 96,000 USDT and is now at 95,999 USDT, a 24-hour drop of 1.51%. (This newsletter is generated with the assistance of AI)

Odaily News Asher Genoot, CEO of Nasdaq-listed Bitcoin mining company Hut 8, wrote on the X platform to explain why the company chose to establish a strategic Bitcoin reserve. He said: Fundamentals-first operating strategy + active capital management = excellent value creation potential. According to the screenshots shared by Asher Genoot, Hut 8s strategic Bitcoin reserves support the flywheel effect, combining capital and operating strategies to accelerate value creation across the business. Its capital strategy includes: allocating capital to projects with high ROLC, capturing BTC price increases and strengthening the balance sheet, increasing strategic BTC reserves through low-cost production and strategic market purchases, and focusing on providing shareholders with excellent long-term returns; its operating strategy includes: expanding scale and geographic scope, developing digital infrastructure platforms, expanding the scale of BTC mining and reducing BTC mining costs.

Odaily News According to Dune Analytics data, the total amount of Ethereum beacon chain staked reached 34,213,997 ETH, and the staked ETH accounted for 27.9% of the total supply. Among them, the stake share of the liquidity staking protocol Lido reached 28.36%. In addition, there has been a net inflow of 16,047,943 ETH since the Shanghai upgrade.

Odaily News GMGN market data shows that LUCE rose above 0.08 USDT and is currently trading at 0.085 USDT, with a 24-hour increase of 43.1% and a temporary market value of 85 million US dollars.

Odaily News Coinglass data shows that in the past 24 hours, the entire network had a liquidation of US$278 million, of which long positions were liquidated for US$190 million and short positions were liquidated for US$88.16 million.