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1Bitget Daily Digest (Dec. 11)|The Federal Reserve announced a 25 bps cut to the benchmark rate; Bitmine purchased 33,504 ETH; CBOE has approved the listing and registration of the 21Shares XRP ETF2Conflicted Fed cuts rates but Bitcoin’s ‘fragile range’ pins BTC under $100K3Full text of the Federal Reserve decision: 25 basis point rate cut, purchase of $4 billion in Treasury bills within 30 days
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- 21:59Market Analysis: Federal Reserve Approves Reappointment of 11 Regional Fed Presidents, White House Influence Concerns Temporarily AlleviatedJinse Finance reported that analyst Matt Grossman stated that some Federal Reserve watchers had previously worried that Fed governors aligned with Trump's stance might attempt to block the reappointment of certain regional Fed presidents for new five-year terms, thereby helping the White House gain more influence over the Fed's policy committee. The Fed announced on Thursday that the reappointments of 11 individuals have already been processed, eliminating the risk that the White House might push for the appointment of presidents more aligned with its position at regional Feds. Atlanta Fed President Raphael Bostic was not reappointed because he is about to retire. Bostic announced his retirement plans last month; in the eyes of some observers, his prospects for reappointment were overshadowed by his disclosure three years ago of failing to comply with senior officials' personal financial transaction rules.
- 21:49The Federal Reserve announces the reappointment of 11 regional Fed presidents.Jinse Finance reported that Adam Button, an analyst at financial website Investinglive, stated that the Federal Reserve has announced the reappointment of 11 regional Federal Reserve Bank presidents. Although this is merely a formality, the Federal Reserve Board does have a say in the appointment of regional Fed presidents. In any case, all regional Fed presidents were unanimously approved for a five-year term. If Trump were to gain control of the Federal Reserve Board, and these board members could further influence the appointment of regional Fed presidents, there could be even more controversy. However, this would undoubtedly lead to truly dramatic situations. In short, this matter can be safely ignored for the next five years.
- 21:49The US Dollar Index fell by 0.45% on the 11th.Jinse Finance reported that the US Dollar Index fell by 0.45% on the 11th, closing at 98.346 in the late trading session of the foreign exchange market.
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