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Federal Reserve Governor Milan: Powell has secured three rate cuts

PANews reported on December 22 that, according to Jinshi News, Federal Reserve Governor Milan stated, “I haven’t decided whether to vote for a 25 basis point or 50 basis point rate cut. As rates are gradually lowered, the need for me to object to a 50 basis point cut will decrease over time.” Furthermore, Milan … Read more

BitMine increased its holdings by 98,800 ETH last week, bringing its total holdings to 4,066,000 ETH.

PANews reported on December 22nd that, according to PRNewswire, BitMine added 98,852 ETH last week, bringing its total holdings to over 4 million ETH. As of December 21st, BitMine’s total cryptocurrency, cash, and “Moonshot” holdings amounted to $13.2 billion. BitMine holds 4,066,062 ETH; 193 BTC; $38 million worth of shares in Eightco Holdings (NASDAQ: ORBS); … Read more

Kalshi: Prediction markets outperform Wall Street consensus expectations in inflation forecasting

BlockBeats News, December 22 – According to Coindesk, a study by prediction market platform Kalshi found that prediction markets outperform Wall Street consensus expectations in inflation forecasting. Over a 25-month data period, their average error was 40% lower than consensus forecasts. The study noted that the advantage of prediction markets lies in their aggregation of … Read more

Sources familiar with the matter: JPMorgan Chase is considering offering cryptocurrency trading services to institutional clients.

PANews reported on December 22nd, citing Bloomberg, that JPMorgan Chase is considering offering cryptocurrency trading services to its institutional clients as major global banks deepen their involvement in the cryptocurrency asset class. A source familiar with the matter revealed that JPMorgan Chase is evaluating what products and services its markets division could offer to expand … Read more

Bitcoin financial services company Fold has been included in the Russell 2000 index.

PANews reported on December 22 that, according to Globenewswire, Bitcoin financial services company Fold Holdings, Inc. (NASDAQ: FLD) has been included in the Russell 2000 index. Fold aims to make it easy for users to earn, save, and use Bitcoin through everyday financial tools. The Russell 2000 index comprises a diversified portfolio of U.S. small-cap … Read more

Fed Governor Milan: Personally not yet decided on the extent of rate cut support, but will gradually reduce objections to a 50 basis point cut

BlockBeats news, December 22, Federal Reserve Governor Milan stated that he has not yet decided whether to support a 25 basis point or 50 basis point rate cut, but over time, he will reduce the number of objections to a 50 basis point cut. If his Federal Reserve seat remains unconfirmed by January 31, he … Read more

JPMorgan plans to offer cryptocurrency trading services for institutional clients

BlockBeats News, December 22, according to Bloomberg, JPMorgan is considering offering cryptocurrency trading services to its institutional clients. Informed sources revealed that the bank is evaluating which products and services its market division can provide to expand its influence in the cryptocurrency field, which may include spot and derivatives trading. This move is taking place … Read more