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Binance Alpha This Issue RAVE Airdrop Single Order Yielded Approximately $72

2 hours ago

December 12: Binance Alpha has launched RaveDAO (RAVE). The token currently trades at $0.18 with a market cap of $42 million. Eligible users can claim a 400-RAVE airdrop, worth roughly $72 at current prices.
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Two new addresses bought 958,526 RAVE tokens, spending $200,000

December 12: Per LookOnChain monitoring, two newly created wallets withdrew 300,000 USDT from Bybit to purchase RAVE. They have spent 200,000 USDT acquiring 958,526 RAVE tokens, with 100,000 USDT remaining.

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Federal Reserve's Bullard: Not 'hawkish' on rates for next year, expects more rate cuts than median

**December 12:** Fed’s Bullard says he expects more rate cuts in 2026 than the median projection. He doesn’t take a hawkish stance on next year’s rates, is optimistic about rate cuts this year—but warns against easing policy too aggressively. A top concern for businesses and consumers right now is inflation: the labor market has gradually cooled, but inflation remains above the Federal Reserve’s target level. (FXStreet)

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Two newly created wallets (0x98DF and 0xEb2c) just withdrew 300,000 $USDT from #Bybit to buy $RAVE.

Two newly created wallets (0x98DF and 0xEb2c) just withdrew 300,000 $USDT from #Bybit to buy $RAVE. They've already spent 200,000 $USDT to buy 958,526 $RAVE and still have 100,000 $USDT left — likely to buy more $RAVE.

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Bitget VIP Exclusive USDT Wealth Management Quota Now Reopened

December 12 — Bitget rolled out an exclusive USDT Simple Earn product for VIP users on December 11, offering an annual percentage rate (APR) of up to 10%. Per reports, the yield product sold out within 24 hours of launch, and purchase quotas have since been reopened.

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Fed's Powell: Concern About Weak Labor Market Still Slightly Greater Than Concern About Inflation Upside Risk

**December 12th** Philadelphia Fed President Paulson said her top current concern is the labor market, adding the Federal Reserve’s current policy stance should help push inflation back to the 2% target. “Right now, I’m slightly more worried about labor market softness than upside inflation risks,” Paulson noted. “With tariff impacts fading gradually next year, there’s a high chance inflation will ease steadily.” She emphasized monetary policy remains “somewhat restrictive,” saying the current rate level—combined with the cumulative effect of past tightening—will support inflation’s return to 2%. Paulson described the labor market as “bending but not breaking,” and pointed out three consecutive rate cuts totaling 75 basis points have provided “insurance” against further deterioration in the job market.

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Florida Authorities Seize Approximately $1.5 Million in Fraud-Related Cryptocurrency Tied to Chinese Suspect

Dec. 12 (Decrypt) — Florida prosecutors have seized roughly $1.5 million in fraud-linked cryptocurrency tied to Chinese suspect Tu Weizhi. The case stems from a July 2024 report of a $47,000 investment fraud loss by an Orange County resident. Investigators traced the funds to a wallet holding crypto assets including AVAX, DOGE, PEPE and SOL. Florida Attorney General James Uthmeier noted authorities used the state’s fugitive disentitlement framework for the asset forfeiture. Tu remains in China and will be arrested if he attempts to enter the U.S.

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