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Per Onchain Lens monitoring on December 11, the BitMine address has received 33,504 ETH (valued at ~$112 million) from the FalconX address across two transactions: one 5 hours ago, the other 1 hour ago.

**December 11: Fed’s Powell Flags Labor Risks, Downplays Inflation—Dollar Hits 3-Month Low** The U.S. Dollar Index closed 0.4% lower Wednesday, its biggest drop since September 16 (when the Fed delivered a 25-basis-point rate cut), after Fed Chair Jerome Powell emphasized labor market risks and downplayed inflation concerns in a speech. Bank of America strategist Alex Cohen said: “Powell’s labor market outlook is less optimistic than prior projections.” He added the Fed chief’s comments on labor and inflation drove the dollar’s decline. Macro strategist Edward Harrison noted: “As the Fed’s stance diverges from the growing hawkishness of global central banks, the weaker dollar should take cues from bond and rate differential trends.” *Source: FXStreet*

On December 11, U.S. President Trump reiterated criticism of Federal Reserve Chair Powell, noting the Fed’s rate cut was too small and could have been larger. FXStreet: Fed could have doubled the size of its rate cut.

On December 11th, Informa Global Markets weighed in on Federal Reserve Chair Jerome Powell’s latest speech—specifically the so-called “hawkish rate cut” dynamic. Powell noted tension in the Fed’s dual mandate, while acknowledging little has changed since the central bank’s last meeting. His overall stance remained consistent with prior remarks. The most memorable line from the press conference: “The current economy isn’t like an overheated one that triggers wage-driven inflation.” (Source: ForexLive)

On December 11, spot silver surged $1 in intraday trading, reaching a new all-time high of $61.73 per ounce—with an intraday gain of 1.66%. (FX168)

On December 11, Informa Global Markets weighed in on the FOMC’s decision, calling it mildly dovish—only two committee members dissented against a rate cut, favoring keeping rates unchanged. Wall Street had braced for a more hawkish tone from inflation hawks—but the hawks blinked when the vote rolled around, per FXStreet.