AiCoin Daily Report (December 20)

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  1. BlackRock deposits 36,579 ETH into Coinbase Prime

Onchain Lens monitoring shows that BlackRock deposited 36,579 ETH into the Coinbase Prime address, worth $108.4 million. -Original

  1. Federal Reserve Williams: Policy is in a favorable position, no emergency action needed

Federal Reserve Williams stated that the Fed’s policy is in a favorable position, allowing for more information gathering. Employment data and the gradual cooling of the labor market are consistent, and there is currently no urgency to take further action. Williams’ personal view is that the neutral real interest rate is slightly below 1%. -Original

  1. US stocks open higher, Nasdaq up 118 points, S&P 500 up 0.31%

US stocks opened higher, with the Dow up 90 points, Nasdaq up 118 points, and the S&P 500 index up 0.31%. -Original

  1. Hong Kong expects to issue some stablecoin licenses early next year

Hong Kong Financial Secretary Paul Chan said that as of the end of September this year, 36 stablecoin license applications have been received. Some licenses are expected to be issued early next year, prioritizing prudent reserve management, price stability, and anti-money laundering measures. Chan pointed out that Hong Kong is working with the Securities and Futures Commission to develop a licensing system for virtual asset trading and custody services, with plans to submit it to the Legislative Council for review next year. The Hong Kong Monetary Authority stated in October that only a few licenses will be issued in the initial phase. -Original

  1. US government shutdown affects CPI reliability, Fed has room to cut rates

White House advisor Hasset said that the US government shutdown has slightly decreased the reliability of CPI data. Core inflation is roughly at or below target levels, and the Federal Reserve still has significant room to cut rates. -Original

  1. Federal Reserve seeks public input on “payment accounts” to promote payment innovation

The Federal Reserve announced it will seek public comments on “payment accounts.” Qualified financial institutions can use payment accounts for limited payment clearing and settlement. Payment accounts differ from main accounts, do not pay interest, cannot access Fed credit, and will be subject to balance limits. This public consultation aims to promote innovation in payment accounts while ensuring the security of the payment system. -Original

The above are the hot topics from the past 24 hours. For faster news, please download AiCoin()

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