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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.

According to CoinNess market monitoring, BTC has fallen below $92,000. BTC is trading at $91,733.36 on the Binance USDT market.

The U.S. Federal Reserve announced it will begin purchasing Treasury bonds on Dec. 12. The central bank plans to buy approximately $40 billion in Treasurys over the next 30 days.

The U.S. Federal Reserve's Federal Open Market Committee (FOMC) has announced a 25-basis-point cut to the benchmark interest rate, a move that aligns with market expectations. The decision lowers the target range for the federal funds rate to 3.50% to 3.75%. Nine members voted in favor of the cut, while three dissented. Kansas City Fed President Jeffrey Schmid and Chicago Fed President Austan Goolsbee argued for holding rates steady, while Fed Governor Steve Miran advocated for a 50-basis-point reduction.

CryptoQuant has projected that Bitcoin could surge to $112,000 within one to three months if the U.S. Federal Reserve adopts a dovish monetary policy and key resistance levels are breached. According to The Block, these key resistance levels are at $99,000 and $102,000. Julio Moreno of CryptoQuant stated that a potential Bitcoin rally hinges not only on interest rate cuts but also on how quickly the Fed signals its intentions for rate cuts next year and its outlook on inflation.

Payments giant Stripe has acquired the team behind the peer-to-peer mobile payments app and crypto wallet Valora as part of an effort to expand its stablecoin services, The Block reported.

According to CoinNess market monitoring, BTC has risen above $93,000. BTC is trading at $93,039.19 on the Binance USDT market.

Memecoin launchpad Pump.fun has launched an app on the Solana Mobile DApp Store, CryptoBriefing reported. The app enables users to create and trade memecoins without fees and supports Apple Pay integration.

White House National Economic Council (NEC) Director Kevin Hassett said there is a strong possibility that the Federal Reserve could cut interest rates by 50 basis points or more. The Fed is scheduled to announce its interest rate decision at 7:00 p.m. UTC.

Noted investor and founder of the Digital Assets Council of Financial Professionals, Ric Edelman, predicts Bitcoin will reach $180,000 by 2026. According to DL News, Edelman stated that this year's BTC rally was curbed by early whales and large-scale forced liquidations. He argued that a major rebound will begin as selling pressure is exhausted and market leverage disappears, forecasting a 50% to 100% rise for both BTC and ETH next year. Based on his prediction, this would put BTC at $180,000 and ETH at $6,600.

Surf, an AI research and intelligence platform specializing in digital assets, has raised $15 million, CoinDesk reported. The funding round was led by Pantera Capital with participation from Coinbase Ventures and Digital Currency Group (DCG). Surf plans to use the investment to develop Surf 2.0, a new version of its AI model tailored for cryptocurrency, and to expand its enterprise services.