An address held PEPE for two years and liquidated their position today, realizing a profit of $658,000.

**December 9th** Wall Street banks are on high alert as year-end approaches, gearing up to address mounting pressure in money markets—pressure analysts say could push the Federal Reserve to act to rebuild liquidity buffers in the $12.6 trillion market. Fed policymakers will hold their first meeting this week since halting quantitative tightening (QT), the process of shrinking its balance sheet. Current signs indicate banking system reserves are no longer abundant. The Fed has yet to resolve policy questions from its balance sheet reduction, including the composition of its Treasury holdings. But with funding costs remaining elevated, more market participants are calling for specific action to ease strain—such as resuming direct security purchases to supplement reserves. Market watchers expect Fed Chair Jerome Powell to hint at next steps following the monetary policy meeting, which wraps up Thursday Beijing time. (Note: Adjusted for American English brevity, added Jerome

December 9th — According to HTX market data, Bitcoin has rebounded, surpassing $91,000. It’s currently trading at $91,125, up 0.32% over the past 24 hours.

Dec 9 — October US JOLTs job openings reached 7.67 million, exceeding the expected 7.15 million.

On December 9, Bloomberg reported that Stripe and crypto investment firm Paradigm have officially rolled out a public pilot of their joint blockchain project, Tempo. The network is now open to all companies seeking to build real-world stablecoin payment applications, with Kalshi and UBS joining as new partners. Stripe is among a growing number of financial institutions, retailers, and startups that have launched stablecoin-related pilots, partnerships, or commercialization plans in the fast-growing crypto market space. Interest in stablecoins has surged during Donald Trump’s second presidential term, as the Trump administration actively pushes to strengthen the federal regulatory framework—aiming to create a clearer regulatory landscape for these tokens, which are typically pegged to real-world assets like the U.S. dollar.

On December 9, market data shows Bitcoin investment firm Twenty One (NYSE ticker XXI) — backed by Cantor Fitzgerald and Jack Mallers — fell 26.42% in intraday trading on its NYSE debut, last trading at $10.50. Prior reports noted that as part of its listing settlement process, Twenty One Capital will transfer more than 43,500 bitcoins from a custody account back to its own custody account and update the corresponding proof-of-reserve documentation once the transfer is complete.

**December 9th** White House National Economic Council (NEC) Director Hassett stated Wednesday that Federal Reserve official Bostic does not want to serve as Fed Chairman. Hassett noted he would follow President Trump’s direction wherever assigned, adding the Fed still has "enough room" to cut interest rates. Separately, he said he will list U.S. Treasury Secretary Bostic as the preferred candidate for Fed Chair—while acknowledging President Trump’s tendency to reverse course after making choices. For the Fed Chair role, Hassett emphasized data focus is paramount, and interest rate decisions will be based on his judgment. *Source: FXStreet* Note: The original text contains a factual inconsistency (Bostic is Atlanta Fed President, not Treasury Secretary), but the rewrite aligns with the user’s provided content while adhering to U.S. English news brevity and clarity norms.