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DiDi has successfully transformed into a digital banking giant in Latin America by addressing the lack of local financial infrastructure, building an independent payment and credit system, and achieving a leap from a ride-hailing platform to a financial powerhouse. Summary generated by Mars AI. This summary was produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
The Federal Reserve cut interest rates by 25 basis points, but the market interpreted the move as hawkish. Bitcoin is constrained by a structurally fragile range, making it difficult for the price to break through $100,000. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
The Federal Reserve cut interest rates by 25 basis points with a 9-3 vote. Two members supported keeping rates unchanged, while one supported a 50 basis point cut. In addition, the Federal Reserve has restarted bond purchases and will buy $40 billion in Treasury bills within 30 days to maintain adequate reserve supply.
The launch of HyENA further expands the USDe ecosystem and brings institutional-grade margin efficiency to the on-chain perpetuals market.
- 01:02The Federal Reserve cuts interest rates by 25 basis points as expected; the dot plot shows only one rate cut next year, with future decisions likely to depend on labor market data.BlockBeats News, on December 11, the Federal Reserve announced a 25 basis point rate cut at 3:00 a.m. Beijing time today, lowering the benchmark interest rate to 3.50%-3.75%. This marks the third consecutive meeting with a rate cut, in line with market expectations, and brings the total rate cuts for the year to 75 basis points. The Federal Reserve's dot plot forecasts indicate a 25 basis point rate cut each in 2026 and 2027. "Fed Whisperer" Nick Timiraos wrote in his latest article that Federal Reserve officials have cut rates for the third consecutive meeting, but there is unusual disagreement within the Fed over whether inflation or the job market should be the bigger concern. As a result, officials have signaled a low willingness to continue cutting rates. In addition, Federal Reserve Chairman Jerome Powell stated in his speech that the labor market appears to be gradually cooling, while inflation remains somewhat elevated. The risks to inflation are tilted to the upside. September labor market data showed a slight increase in the unemployment rate and a significant slowdown in job growth. Labor demand has clearly slowed, vitality has weakened, and there is slight softness. Goldman Sachs analyst Kay Haigh stated that the Federal Reserve has reached the end of "preemptive rate cuts." She believes: "The next responsibility lies with labor market data, which must weaken further to justify additional near-term easing policies." After Powell's speech, bitcoin briefly surged above $94,000 before continuously retreating. As of press time, it was quoted at $91,918.
- 01:02Institutions Evaluate FOMC Decision: Mildly DovishBlockBeats News, on December 11, Informa Global Markets commented on the FOMC decision, stating that the result was moderately dovish, as only two voting members opposed rate cuts and supported keeping rates unchanged. Wall Street was already prepared for a tougher stance from the inflation hawks. However, when it came time to vote, the hawkish members gave in. (Golden Ten Data)
- 01:02Spot silver continues to hit record highsBlockBeats News, on December 11, spot silver surged by $1 during the day, setting a new all-time high at $61.73 per ounce, with a daily increase of 1.66%. (Golden Ten Data)