[Bitpush Daily News Selection] The Federal Reserve cut interest rates by 25 basis points as expected; the Federal Reserve will purchase $40 billions in Treasury securities within 30 days; Gemini received CFTC approval to enter the prediction market; State Street Bank and Galaxy will launch the tokenized liquidity fund SWEEP on Solana in 2026.

Selected Web3 news by the Bitpush editorial team for you daily:

[Federal Reserve cuts rates by 25 basis points as expected]

According to Bitpush, the Federal Reserve has lowered its benchmark interest rate by 25 basis points to 3.50%-3.75%, marking the third consecutive meeting with a rate cut, in line with market expectations. The total rate cuts for the year have reached 75 basis points.

The Federal Reserve's dot plot shows that among 19 officials, 7 believe there should be no rate cuts in 2026, 4 believe there should be a total cut of 25 basis points, 4 believe there should be a total cut of 50 basis points, 2 believe there should be a total cut of 75 basis points, 1 believes there should be a total cut of 100 basis points, and 1 believes there should be a total cut of 150 basis points.

[Federal Reserve to purchase $40 billion in Treasury securities within 30 days]

According to Bitpush, the Federal Reserve FOMC statement indicates that $40 billion in Treasury securities will be purchased over the next 30 days.

[Gemini receives CFTC approval to enter the prediction market]

According to Bitpush, US crypto exchange Gemini has officially received approval from the US Commodity Futures Trading Commission (CFTC) to operate as a Designated Contract Market (DCM), and will soon launch a prediction market platform called Gemini Titan.

According to the official statement, the platform will initially offer binary contracts based on future events, with plans to gradually expand into crypto futures, options, and other derivatives markets regulated by the CFTC. Gemini President Cameron Winklevoss stated in the announcement that prediction markets have significant development potential and recognized CFTC Acting Chair Caroline Pham’s supportive attitude toward innovative regulation.

It is noteworthy that US regulators have shown a positive shift in policy toward prediction markets. Leading prediction platforms Kalshi and Polymarket have seen significant growth in trading volume, and former President Trump’s social media company recently announced a partnership with Crypto.com to launch prediction market services.

In addition to Gemini, mainstream exchanges such as Coinbase have also made early moves in prediction market-related technology. Industry data shows that prediction market partner Robinhood once contributed over 50% of Kalshi’s trading volume.

[State Street and Galaxy to launch tokenized liquidity fund SWEEP on Solana in 2026]

According to Bitpush, State Street and Galaxy Asset Management have jointly announced plans to launch a tokenized liquidity fund called “SWEEP” on the Solana blockchain in early 2026. The fund will use the stablecoin PYUSD issued by PayPal to enable 24/7 subscription and redemption, initially providing on-chain cash management tools for qualified institutional investors. Ondo Finance has committed approximately $200 million as seed capital.

According to the statement, the product aims to help institutions hold on-chain cash-like assets without sacrificing liquidity. Kim Hochfeld, State Street’s Global Head of Cash and Digital Assets, stated that this collaboration will “jointly drive the evolution of traditional finance toward the on-chain ecosystem.”

The fund will initially operate on Solana, with plans to expand to Stellar and Ethereum networks in the future. This marks another significant institutional on-chain finance initiative following the launch of a digital asset ETF by both parties in 2024.

[If SpaceX IPOs at a $1.5 trillion valuation, Elon Musk’s net worth will reach $952 billion]

According to Bitpush, if SpaceX successfully goes public next year at a $1.5 trillion valuation, the world’s richest person, Elon Musk, could see his wealth increase by $491 billion, bringing his total assets to $952 billion.

Estimates show that if SpaceX lists at a $1.5 trillion valuation, Elon Musk’s stake in SpaceX would be worth over $625 billion. Currently, Elon Musk’s personal net worth is $460.6 billion, with his SpaceX equity valued at about $136 billion. Elon Musk holds approximately 42% of SpaceX shares. The SpaceX IPO would be Musk’s second clear path to becoming the world’s first trillionaire, following last month’s approval of Tesla’s trillion-dollar compensation plan.

[Sei partners with Xiaomi: New devices to come pre-installed with Web3 App, stablecoin payment system to be promoted]

According to Bitpush, Sei announced a major partnership with global consumer electronics giant Xiaomi: all new Xiaomi smartphones outside mainland China and the US will come pre-installed with a next-generation crypto wallet and app discovery App based on Sei, with plans to launch stablecoin payment functionality in Xiaomi’s global retail system. Details include:

Pre-installed App: Supports one-click onboarding with Google/Xiaomi ID, built-in MPC wallet security, multiple popular DApp entries, P2P transfers, and C2B payment capabilities.

Priority markets: Europe, Latin America, Southeast Asia, Africa, and other regions with mature crypto adoption; Xiaomi holds a leading position in Greece (36.9%) and India (24.2%).

Payment system plan: Stablecoin (such as USDC) payment functionality is under development, expected to launch in Hong Kong and the EU in Q2 2026, and gradually expand to more compliant markets.

Xiaomi’s influence: 168 million smartphones sold globally in 2024, with a market share of 13%, ranking among the top three worldwide. The pre-installed app will cover all new devices and be pushed to existing users.

Sei believes this move will shift crypto from users actively seeking it to automatic user reach. With sub-second finality and high TPS, Sei can support large-scale consumer-grade Web3 application adoption.