00:31

Senator Lumis will not seek re-election after his term ends in January next year.

PA News December 20th - According to The Block, Republican Senator Cynthia Lummis's term will end in January 2027, but she has stated she will not seek re-election. She posted on X platform on Friday that the upheavals of last fall have left her physically and mentally exhausted. Senator Lummis is the chair of the Senate Banking Committee's Digital Assets Subcommittee, and over the past few years, she has been actively involved in various efforts to regulate the cryptocurrency industry in Congress. She has worked closely with Democratic Senator Kirsten Gillibrand of New York to advance comprehensive legislation aimed at establishing a regulatory framework for digital assets, including clarifying regulatory responsibilities among agencies such as the Securities and Exchange Commission and the Commodity Futures Trading Commission. After multiple meetings, the Senate Banking Committee has been actively pushing this legislation, with participants including Democrats, Republicans, representatives from the cryptocurrency industry, and traditional financial sector stakeholders.
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22:34

Prediction Markets Competition Intensifies in 2025

Gate News bot message, As prediction markets become one of the main narratives in 2025, more platforms are entering the space. While @Kalshi and @Polymarket remain the two leaders, newer players are starting to compete, with platforms like @opinionlabsxyz leading on some fronts.
20:02

Prediction Markets Competition Intensifies in 2025

Gate News bot message, Prediction markets have emerged as a major narrative in 2025, attracting more platforms to the sector. Kalshi and Polymarket continue as the two market leaders. Newer competitors are entering the space, with platforms such as opinionlabsxyz taking leading positions in certain
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19:52

Ethereum Exchange Supply Drops to Lowest Point Since 2016

Gate News bot message, Ethereum's exchange supply has declined to its lowest level since 2016. More $ETH is being withdrawn from exchanges into long-term holding destinations, with reduced liquid supply on trading platforms. The data shows growing trader caution and muted short-term sell pressure in
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ETH5.26%
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18:56

Bernstein: NVIDIA's current valuation has high return potential

December 20 News, Bernstein stated that NVIDIA (NVDA.O) is rarely attractively valued relative to the Philadelphia Semiconductor Index, with the overall valuation multiple indicating a promising outlook for future returns. Analyst Stacy Rasgon wrote that compared to the chip stock index, NVIDIA is "currently undervalued by about 13%, placing it in the top 1 percentile historically. In fact, over the past ten years, there have only been 13 trading days when NVIDIA's valuation relative to SOX was lower than it is now." NVIDIA's recent valuation is about 25 times its future EPS, "for the company, a 25x forward P/E means its stock price is in the 11th percentile of the valuation distribution over the past decade," a level that is "quite cheap in absolute terms," and "over the past ten years, investors who bought when NVIDIA's valuation was below 25x have all reaped substantial returns—average returns over 1 year."
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15:41

UN Conference on Trade and Development: By 2033, AI will become the dominant cutting-edge technology, with relatively limited changes in market share for technologies like blockchain.

UNCTAD report projects that by 2033, the global artificial intelligence market size will reach $4.8 trillion, becoming a dominant technology sector. The report warns that AI development is concentrated in a few economies, which could exacerbate development disparities, and calls for shared benefits through strategic investments and inclusive governance.
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15:23

US consumer confidence slightly rises, but budget concerns still remain

U.S. December Consumer Confidence Index Slightly Rises but Remains Below Expectations, Affected by Affordability Concerns. Despite Signs of Improvement, Consumer Confidence is Still Nearly 30% Lower Than the Same Period Last Year, with Confidence in Purchasing Big-Ticket Items at Historic Lows.
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15:13

Federal Reserve seeks public input on "payment accounts": eligible financial institutions can be used for limited payment clearing and settlement

Odaily Planet Daily reports that the Federal Reserve has announced it will seek public comment on "payment accounts." Eligible financial institutions can use these accounts for limited payment clearing and settlement. Payment accounts are different from main accounts, do not accrue interest, and cannot access Federal Reserve credit. They will also be subject to limits such as balance caps. Main accounts are the accounts financial institutions currently use to access Federal Reserve payment services. It is understood that this public consultation aims to promote innovation in payment accounts while ensuring the security of the payment system.
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13:53

Federal Reserve's Williams: The low CPI data is due to technical factors, and there is no rush to adjust monetary policy

Federal Reserve's Williams stated that the November Consumer Price Index data was distorted by technical factors and may be below the actual level. He believes these distortions led to a roughly 0.1 percentage point decrease in the CPI, and he mentioned that the U.S. economy is currently doing well, implying that future interest rates might decline, but he is not in a rush to adjust monetary policy.
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13:00

Castle Investment records the worst return since 2018

Billionaire Ken Griffin's hedge fund Castle Investment is facing its worst annual return since 2018, primarily due to losses in bets on natural gas. As of December 18, the fund's return was 9.3%, and it may become the sixth year since its founding in 1990 with a return below 10%.
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12:48

Bitcoin mining company Bit Digital's spinoff WhiteFiber reaches 40 MW data center hosting agreement

Odaily Planet Daily reports that NASDAQ-listed data center and AI hosting service provider WhiteFiber (WYFI) announced that its Enovum Data Centers has signed a 10-year 40 MW colocation agreement with Nscale Global Holdings, with a total contract value of approximately $865 million. The deployment is located in the NC-1 park in North Carolina and will be delivered in two phases. WhiteFiber is owned by Bitcoin mining company Bit Digital.
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BTC2.98%
12:47

Ads3 completes strategic investment from Animoca Brands, reshaping the Web3 advertising ecosystem

December 19 News, Web3 smart advertising platform Ads3 announced the completion of a new round of strategic financing from Animoca Brands. This round of funding will strongly drive Ads3's global market deployment and empower innovation and scalable development in the decentralized advertising ecosystem. Previously, Ads3 had received support from well-known industry institutions such as Web3 Labs, AB Foundation, and Footprint Analytics. The completion of this financing round further demonstrates the high recognition from leading capital for Ads3's vision of connecting Web2 and Web3 value systems and reconstructing advertising infrastructure. The intelligent advertising system integrates on-chain and off-chain data, automatically matches user tags, and achieves precise cross-ecosystem targeting. In terms of growth strategy, Ads3 has established exclusive partnerships with several mainstream mobile phone manufacturers for deep integration into mobile
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