The son of the US Secretary of Commerce, in charge of the Bitcoin treasury company Twenty One, transferred 43,122 BTC

Dec. 8 — While another Federal Reserve rate cut is all but certain, the key question is how Chair Jerome Powell will frame the outlook for further monetary easing next month. With Fed policymakers split increasingly between hawks and doves, Powell faces a tricky balancing act at this week’s central bank meeting. Wall Street is betting on a “hawkish rate cut”: after delivering this month’s dovish-aligned cut, Powell may refrain from signaling a January rate reduction to placate the Fed’s hawkish wing. In a report Friday, a Bank of America analyst noted: “Powell is confronting the most divided FOMC in recent years. As such, we expect he’ll again balance the expected rate cut with a hawkish tone at the press conference, as he did in October.” But the Fed chair has repeatedly stressed policymakers have no preset policy path — rate moves will hinge on incoming data. For that reason, BofA is doubtful Powell can pull off the “hawkish rate cut” easily, particularly given the slew of market-

On December 8, Bitwise CIO Matt Hougan tweeted that Harvard University drastically expanded its Bitcoin holdings in Q3—boosting them from $117 million to $443 million—while also increasing its gold ETF allocation from $102 million to $235 million. Harvard is placing bets on currency devaluation trades and favors Bitcoin over gold with a 2:1 allocation ratio.

On December 8, Chinese crypto analyst Banmuxia said in a post: “This week, the Fed’s rate cut and balance sheet expansion will normalize tight liquidity. A broad rally is expected this week (U.S. stocks, crypto, precious metals, etc.), and next month could also see a broad uptick.” Banmuxia also referenced an article published November 11, noting: “Starting in December, the Fed will pause its balance sheet reduction and may begin expanding it. Liquidity will then normalize—similar to October 2019. The real liquidity flood will wait until May next year, when Trump controls the Fed, echoing March 2020.”

As of December 8th, official sources confirm the Stable mainnet will launch today at 9:00 PM Beijing time (8:00 AM Eastern Time). As of press time, Polymarket odds show an 86% chance the Stable Token’s fully diluted valuation (FDV) will exceed $20 billion on its first day, while the probability of its market cap topping $40 billion sits at just 20%. STABLE’s pre-launch price on top exchanges is currently $0.035, translating to an FDV of $35 billion.

On December 8, Fortune reported that Binance has secured full regulatory authorization from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA), marking it the first cryptocurrency exchange to obtain a global license under the ADGM framework. A Binance spokesperson declined to comment when asked if the exchange has relocated its headquarters to Abu Dhabi.

**December 8th Update** CZ addressed a community question about whether his Twitter account is self-run or team-managed, stating: “My assistant has account access but rarely posts—this is all me just posting randomly.” Earlier, the community raised concerns about whether a Binance official Twitter account or an insider launched a specific meme coin at 13:29:45 yesterday. Binance’s official Twitter posted related promo content at 13:30:00, which matched the theme of that meme coin. Binance Customer Support responded: “We’ve noted the feedback and are conducting an internal review. We have zero tolerance for any corrupt practices involving listings or other issues. We’ll inform the community promptly once the investigation results are confirmed.”