Meta uses the AliTrain Large model to fine-tune its new AI model, and Ali's stock is up over 4% in pre-market trading

December 11 (FXStreet) – Mitsubishi UFJ Financial Group (MUFG) reported the Federal Reserve voted 9-3 to cut interest rates by 25 basis points, while acknowledging the U.S. labor market is gradually cooling. Fed Chair Jerome Powell also emphasized significant downside risks to the labor market. On inflation, the Fed noted goods inflation could peak in Q1 2026 if no new tariffs are imposed, though upside risks to inflation persistence remain. Powell signaled rate hikes are not the baseline expectation, with FOMC members split between holding rates steady and cutting them. The latest dot plot shows the Fed’s median expectation calls for just one rate cut in 2026 — a hawkish stance far more aggressive than market forecasts of ~55 basis points in cuts (or slightly more than two reductions). Powell added the Fed is currently in a “favorable position” to patiently monitor U.S. economic developments. Looking ahead, the policy outlook for the second half of next year may be complicate

December 11 — Per official announcement, Gate.io will list BeatSwap (BTX) for spot trading at 20:00 UTC+8 on December 11.

On December 11, Binance announced in an official statement that it has completed integrating Kava (KAVA) onto the Binance Smart Chain (BSC) network and activated deposit and withdrawal services for the token.

December 11: Per LookOnChain monitoring data, the ETH long position tied to "Big Brother Whale" (Huang Licheng's address) was liquidated at $3,185.7 amid the recent market dip. A total of 1,800 ETH (roughly $5.73 million) was liquidated. He currently holds a 7,200 ETH long position (≈$22.93 million) with 25x leverage, incurring a floating loss of $540,000.

December 11 Kyrgyzstan officially greenlit the pilot rollout of its central bank digital currency (CBDC) “Digital Som” system on October 25 this year. Chinese tech services firm Sign successfully secured the project development contract and is actively engaged in the initiative. Sign’s edge in fierce international competition stems from its “SignStack” full-stack solution, which tackles Kyrgyzstan’s digital transformation paradox: balancing “sovereign independence” and “international interconnectedness.” The solution builds a digital financial infrastructure that upholds national sovereignty and features modern compliance capabilities. Beyond creating more secure, efficient funding channels than traditional systems, Sign’s collaboration with Kyrgyzstan also offers a replicable “Central Asian model” for deeper integration between the two nations in the digital economy era.

Per an official announcement, Bithumb will list the STABLE/KRW trading pair on December 11.