The probability of a 25 basis point interest rate cut by the Federal Reserve in December is currently at 87.3%.
As of Dec. 9, CME Group’s FedWatch Tool shows an 87.3% probability the Federal Reserve will cut interest rates by 25 basis points at its December meeting, versus a 12.7% chance of holding rates steady.
The Fed will announce its interest rate decision (covering the period through Dec. 10) at 3:00 a.m. Beijing time on Dec. 11, with markets forecasting the target rate to be 3.75% (down from the prior 4.00%). Fed Chair Jerome Powell will hold a monetary policy press conference at 3:30 a.m. Beijing time immediately following the announcement.
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USDT Recognized by Abu Dhabi Regulator as 'Stablecoin'
On December 9, Cointelegraph reported that Tether’s USDT stablecoin has been approved as a "fiat reference token" by the Abu Dhabi Global Market (ADGM).
This designation enables licensed institutions to conduct transactions, custody, and other USDT-related services within a regulated framework. It represents a key milestone for USDT under Abu Dhabi’s regulatory system, further expanding its use in cross-border settlements, institutional custody, and payment scenarios.
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Michael Saylor Advocates for Bitcoin-Backed Digital Banking System to Governments
December 9th — Per Cointelegraph, Michael Saylor, founder of Strategy, is urging governments worldwide to build Bitcoin-powered digital banking systems. These systems could offer high-yield, low-volatile accounts capable of drawing trillions of dollars in deposits.
During a speech at the Bitcoin MENA event in Abu Dhabi, Saylor noted nations can tap overcollateralized Bitcoin reserves and tokenized credit instruments to launch regulated digital banking accounts, offering yields higher than traditional deposits.
He pointed out that bank deposits in Japan, Europe, and Switzerland yield almost nothing, whereas Euro money market fund yields hover around 150 basis points and U.S. money market rates are near 400 basis points. This, he said, explains why investors are flocking to the corporate bond market: “If people weren’t so averse to bank accounts, the corporate bond market wouldn’t exist at all.”
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Cryptocurrency Fear and Greed Index Rises to 22, Market Still in 'Extreme Fear' State
December 9
According to Alternative Data, today’s Crypto Fear & Greed Index rose to 22—up from 20 yesterday—meaning the market remains in "extreme fear."
Note: The index ranges from 0 to 100, with components weighted as follows: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin’s share of total market dominance (10%), and Google Trends Analysis (10%).
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「Pal」 Increases ETH Long Position to 5200 Coins, Equivalent to $16.25 Million
On December 9, per monitoring from HyperInsight (via
their Telegram channel), the entity known as "Pal" has expanded its ETH long position to 5,200 coins—valued at roughly $16.25 million. As of now, the position holds an unrealized profit of $346,000, with an entry price of $3,059.55 and a liquidation price of $3,064.
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Generative Bionic, a humanoid robot company, has completed a €70 million funding round with participation from Tether.
December 9th — Italian humanoid robot startup Generative Bionic has closed a €70 million funding round, with Tether, AMD Ventures, and the Italian government-backed AI Fund participating, per The Block.
The one-year-old firm is developing "physical AI" humanoids built to operate in human-centric environments, tackling tasks like lifting, repetitive work, and other jobs that traditional robotic arms struggle to perform efficiently.
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