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The U.S. Commodity Futures Trading Commission (CFTC) has approved a Designated Contract Market (DCM) license for cryptocurrency exchange Gemini, The Block reported. The approval allows Gemini to formally operate its own prediction market and expand into crypto futures, options, and perpetuals. Gemini first applied for the license in 2020, receiving the approval after nearly five years.

U.S.-based bank State Street and Galaxy Asset Management are collaborating to launch a tokenized liquidity fund called SWEEP in 2026, CoinDesk reported. The fund plans to accept PayPal's stablecoin, PYUSD, for investments and redemptions. The launch is tentatively planned for the Solana (SOL) network. Additionally, Ondo Finance (ONDO) has invested $200 million as initial capital for the fund.

Acting U.S. Commodity Futures Trading Commission (CFTC) Chair Caroline D. Pham announced the members of a new CEO Innovation Council on the final day of her term, CoinDesk reported. The council includes several leaders from the cryptocurrency industry, such as Tyler Winklevoss of Gemini, Arjun Sethi of Kraken, and Shayne Coplan of Polymarket. Representatives from traditional finance, including CME Group, Nasdaq, and Intercontinental Exchange, will also participate.

Video game retailer GameStop announced in its third-quarter earnings report that it holds 4,710 BTC and recorded an unrealized loss of $9 million on these holdings during the period, CoinTelegraph reported. The company's revenue for the quarter was $821 million, falling short of the consensus estimate of $980 million. Following the report, GameStop's stock price declined by more than 4%.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

According to CoinNess market monitoring, BTC has fallen below $92,000. BTC is trading at $91,995.67 on the Binance USDT market.

According to CoinNess market monitoring, BTC has fallen below $93,000. BTC is trading at $92,922.73 on the Binance USDT market.

Whale Alert reported that 388,298,743 USDT has been transferred from OKX to an unknown wallet. The transaction is valued at about $388 million.

Speaking at a White House roundtable, President Donald Trump said the Federal Open Market Committee's (FOMC) interest rate cut today could have been larger. He added that when the market is rising, it should be supported to facilitate further gains.

Federal Reserve Chair Jerome Powell has concluded his press conference following the Federal Open Market Committee's (FOMC) interest rate decision, according to media reports.

Web3 gaming studio ChronoForge is ceasing operations due to financial difficulties, Cointelegraph reported. The studio had previously laid off 80% of its team amid a shortage of operating funds, with its founders resorting to using their personal money to cover expenses.

According to CoinNess market monitoring, BTC has risen above $94,000. BTC is trading at $94,020.02 on the Binance USDT market.

Federal Reserve Chair Jerome Powell said that eliminating tariffs would make it possible to achieve the 2% inflation target.

Crypto venture capital firm a16z Crypto has opened its first office in Asia in Seoul and appointed Sung Mo Park as its head, Coindesk reported. Park previously served as the Head of Asia Pacific at the Monad Foundation and has also worked at Polygon Labs. The firm explained that it chose Seoul, citing South Korea's position as the world's second-largest market and its strong pool of developer talent.

Federal Reserve Chair Jerome Powell said that at this point, no one would consider an interest rate hike to be the base case scenario.

Federal Reserve Chair Jerome Powell said that current interest rates are approaching the neutral level, a balanced short-term rate that neither overheats nor slows the economy. His remarks are being interpreted as a signal that further aggressive monetary tightening may not be necessary. Powell added that the Fed is now in a good position to wait and observe economic developments.

The Federal Reserve's preventative rate cuts are now over, according to Goldman Sachs analyst Kay Haigh. He stated that for the Fed to justify additional rate cuts, labor market data would need to show further deterioration. Haigh also suggested that, based on the FOMC statement, the most recent rate cut was likely a measure to appease the hawkish faction within the committee.

Federal Reserve Chair Jerome Powell said that current data suggests the economic outlook will remain unchanged.

P2P cryptocurrency exchange Paxful has pleaded guilty to three criminal charges for facilitating illegal activities, including sex trafficking, fraud, and sanctions violations, CoinDesk reported. The U.S. Department of Justice stated that Paxful processed $3 billion in cryptocurrency transactions while evading anti-money laundering regulations and providing services to high-risk users. Prosecutors reduced the fine to $4 million after assessing the company's financial condition. A sentencing hearing is scheduled for February 2026.

Internal divisions at the Federal Reserve remain unresolved despite three consecutive interest rate cuts, according to Nick Timiraos, a Wall Street Journal reporter often described as the central bank's unofficial spokesperson. Timiraos stated that there is an unusual level of disagreement within the Fed over whether to prioritize inflation or the labor market. He added that Fed officials have signaled a reduced appetite for further rate cuts, with the final decision likely resting on the future actions of Chair Jerome Powell. Powell's term ends next May, leaving him to preside over only three more FOMC meetings. The Fed is currently in a difficult position not seen in decades, simultaneously grappling with high inflationary pressures and a slowing labor market. Timiraos explained that when faced with a similar dilemma during the 1970s stagflation, the Fed's cycle of cutting and then raising rates ultimately led to entrenched high inflation.

JPMorgan analyst Bob Michele said the outcome of the Federal Reserve's FOMC meeting avoided the worst-case scenario, adding that there could have been more votes against the rate cut. The Fed lowered interest rates by 25 basis points in a nine-to-three vote.

According to CoinNess market monitoring, BTC has risen above $93,000. BTC is trading at $93,001.95 on the Binance USDT market.

The U.S. interest rate futures market is now pricing in a 78% probability that the Federal Reserve will pause its rate cuts in January 2026. This is an increase from the 70% chance priced in before today's FOMC meeting.

The U.S. Federal Open Market Committee's December dot plot indicates one 25 bp interest rate cut in 2026 and another in 2027. For the remainder of 2025, six of the 19 members projected rates would hold steady, 12 anticipated one 25 bp cut, and one member forecast a 50 bp reduction.