Analysis: Weak U.S. Employment Data May Prompt Fed to Cut Rates Earlier Next Year
On December 17, the Royal Bank of Canada (RBC) noted that U.S. non-farm payrolls data points to a further weakening in the labor market, while more resilient consumer spending signals demand conditions remain fairly strong.
Overall, this could prompt Federal Reserve policymakers—who held differing views at the central bank’s last meeting—to reassess their stances, raising the likelihood of a rate cut in 2026. That said, Goolsbee and Schmidt, the two key dissenters who pushed to keep rates unchanged at last week’s meeting, will lose their voting positions next year. They are likely to be replaced by Hammack and Logan, who may take a more hawkish stance.
Convincing these incoming policymakers to shift their views and back more aggressive rate cuts will be a tough task. However, the cooling labor market will continue to erode their hawkish resolve, as the balanced mix of economic data has undermined the Fed’s rationale for keeping rates on hold.
As a result, the probability of th
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Binance: Do not trust any "listing agent," as we do not charge any fees for listing applications. Reporting a listing agent could result in a reward of up to $5 million.
On December 17, Binance issued a statement noting a sharp rise in listing-related scams, per official sources.
Scammers are impersonating Binance employees (including business development staff), purported "listing agents," or authorized intermediaries—often promising guaranteed token listings in exchange for fees. These claims are entirely fraudulent: Binance does not charge fees for project evaluation or listing applications, and any listing commitment is false.
**Key Principles to Follow:**
1. **No Third-Party Intermediaries:** Binance does not appoint, accept, or recognize individuals/organizations to represent projects in listing applications or negotiations. Anyone claiming to collect Binance listing fees is committing fraud. All listing-related communication must come directly from a project’s core team (e.g., founders, co-founders, C-level executives). Projects using third parties for listing applications will be immediately disqualified and blacklisted, blocking future
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Binance Listing Review Process
On December 17th, official sources confirm Binance has released comprehensive details on its various listing pathways. By clearly outlining these pathways and their requirements, Binance aims to help projects better understand how to engage with its listing ecosystem—while also boosting users’ confidence in the quality and legitimacy of listed assets.
### Binance Listing Avenues Overview
Binance offers multiple listing methods to meet projects’ needs across different development stages.
- **Binance Alpha**: A pre-spot-listing token screening platform focused on identifying early-stage crypto projects with Web3 ecosystem potential. It provides token distribution opportunities like Pre-Token Generation Events (Pre-TGEs), Prime Sale Pre-TGEs, Token Generation Events (TGEs), Alpha Airdrops, and Booster community participation programs—all designed to help projects build momentum ahead of official listing.
- **Binance Futures**: The world’s largest crypto futures trading platform
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Former Theta Executive Accuses CEO of Fraud and Retaliation
On December 17, two former executives of blockchain firm Theta Labs have filed whistleblower lawsuits in California against the company and its CEO Mitch Liu, alleging years of fraud, market manipulation, and retaliation.
Former executives Jerry Kowal and Andrea Berry filed separate complaints in Los Angeles Superior Court. They claim Liu used Theta Labs and its parent company Sliver VR Technologies to artificially inflate token prices through deceptive partnerships and undisclosed insider token sales, while retaliating against employees who raised concerns.
Kowal’s attorneys note Liu treated Theta Labs as a personal trading tool for fraud, self-dealing, and market manipulation. His orchestrated pump-and-dump schemes repeatedly wiped out value for investors and employees—including creating false NFT bids linked to high-profile collaborations like one with Katy Perry.
Berry’s complaint also calls out Theta’s past statements about Google, accusing the company of misrepresenting
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Federal Reserve Chair Candidate Waller Crypto-Friendly, Odds of Becoming Next Fed Chair Currently at 15%
On December 17, The Wall Street Journal reported that former President Donald Trump will interview Federal Reserve Board Governor Christopher Waller this Wednesday to assess Waller as a potential candidate to succeed Jerome Powell as Federal Reserve Chair.
Prediction market Polymarket shows Waller’s probability of being nominated by Trump for the Fed Chair role has risen to 15%, while Lael Brainard’s nomination odds have dropped to 27% and Kevin Hassett’s have climbed to 53%.
Waller was tapped by Trump in 2020 to join the Fed’s board and is a proponent of cryptocurrency, focusing on stablecoins and decentralized finance (DeFi). At the Fed’s Payment Innovation Conference in October, he stated: “I want to send a message: the Fed has entered a new era in payments— the DeFi industry is no longer in doubt or underestimated.” He also noted stablecoins are “just a new form of private money” that will coexist with other payment tools.
Prior reports note Waller has emerged as a key voi
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