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Quick Take Ethena is launching a new stablecoin backed by BlackRock’s BUIDL fun. The token, USDtb, is part of the project’s effort to diversify its offerings.
Quick Take MicroStrategy has purchased another 15,350 BTC for approximately $1.5 billion at an average price of $100,386 per bitcoin. The latest acquisitions follow MicroStrategy’s sale of 3,884,712 shares for a similar amount.
Quick Take Analysts anticipate a 25 basis-point rate cut from the U.S. Federal Reserve at Wednesday’s FOMC meeting. While lower rates typically boost risk assets like bitcoin, the Fed’s accompanying commentary and economic projections at Wednesday’s meeting may temper expectations for further cuts amid persistent inflation concerns, analysts said.
Quick Take Ripple set Tuesday, Dec. 17, as the launch date for its RLUSD stablecoin. The company will enlist an independent auditing firm to create attestations of RLUSD reserve assets and then publish them monthly.
Quick Take Hyperliquid has seen $1 billion net inflows of USDC into its network since the launch of its native token Hype. The price of Hype surged more than 590% since its launch. Hyperliquid also announced Monday that it has reached a new all-time high in open interest of above $4.3 billion.
- 14:46Famous Rapper Drake Mentions Bitcoin in New SongAccording to a report by Bitcoin Magazine, as cited by Jinse Finance, renowned rapper Drake mentioned Bitcoin in his new song. In the lyrics, Drake wrote: "I look at this the way I look at Bitcoin. It might go down this week, but it could go up next week."
- 14:29Cango: Total Bitcoin Holdings Increase to 3,941.3, No Sales Reported So FarThe New York Stock Exchange-listed Bitcoin mining company Cango announced on the X platform that it mined 120.7 Bitcoins last week, marking its highest weekly output since April. Cango's total Bitcoin holdings have now reached 3,941.3 coins, with no sales transactions reported so far.
- 14:23Vitalik Buterin: Many institutions value Ethereum for its stability, reliability, and zero downtimeAccording to Jinse Finance, cryptocurrency founders, developers, and several institutional giants have gathered in Cannes, France for the Ethereum Community Conference (EthCC), where institutional adoption of Ethereum is accelerating. BlackRock, Deutsche Bank, and certain exchanges are all building directly on its infrastructure. In an interview with CNBC in Cannes, Ethereum co-founder Vitalik Buterin stated that people often assume institutional investors only care about scale and speed—but in reality, the opposite is true. Many institutions say they value Ethereum because it is stable, reliable, and never goes offline. They hope that future generations will look back and see a network that truly provides open, free, and permissionless access for the public. Tomasz Stańczak, the new Co-Executive Director of the Ethereum Foundation, added that the core reason institutions choose Ethereum is the same: for ten years, Ethereum has never stopped. When institutions send orders to the market, they want absolute assurance that their orders are treated fairly, with no preferential treatment, and that trades are executed at the time of delivery. As stablecoins and tokenized assets become mainstream, these guarantees are becoming increasingly valuable.