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JPMorgan Chase no longer expects the Fed to cut rates in 2026

2 hours ago

Jan 12 – JPMorgan has revised its Federal Reserve rate outlook: it no longer expects the Fed to cut rates in 2026 (previously projecting a 25-basis-point cut in January 2026). Instead, the bank now anticipates a 25bp rate hike from the Fed in the third quarter of 2027. (IG)
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Binance Alpha is now live with CharacterX (CAI)

January 12: Binance Alpha has listed CharacterX (CAI).

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「High-Frequency Trading」 Whale Liquidation of 172.98 BTC Long Position, $11k Loss

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Polycule Suspected Rug Pull, Team Previously Claimed to Have Experienced a Hack

**January 12 Update: Polymarket-Based Bot Polycule Suspected of Rug Pull** Community sources report that Polycule—a Polymarket-powered trading bot project—may have carried out a rug pull. Last Thursday, the Polycule team claimed it was hacked, with $230,000 in user funds impacted. The bot is currently offline, and the team previously said patching and audits would wrap up by the end of the weekend. However, as of the latest update, affected users still cannot withdraw their funds. The team has not shared any new details on the incident, pointing to a potential rug pull.

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「Lightning Bolt」 Whale Continues to Reduce Long Position by 16.96 BTC

January 12: Per HyperInsight monitoring, the "Lightning Reversal" whale (0x50b30) continued reducing its holdings, closing 16.96 BTC in long positions with a $4,401 loss. Currently, the whale still holds: - A 20x leveraged long position of 16.96 BTC (≈$1.55 million) with an unrealized loss of $5,000; - A 14x leveraged short position of 11,366.46 ETH (average entry price: $3,073.66) with an unrealized loss of $843,000.

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The Venezuela and Iran cases highlight the stablecoin's "dual nature," where USDT serves as a tool for everyday transactions but is also used for sanctions evasion.

January 12th Recent turmoil between Venezuela and Iran has once again put stablecoins’ dual role in the spotlight. US dollar-backed stablecoins—especially Tether (USDT)—serve as a critical store of value and payment tool for everyday people in inflation-stricken, financially constrained nations. At the same time, they’ve been used by some sanctioned groups to make cross-border transfers and evade sanctions. In Iran, the rial’s long-running devaluation, combined with sanctions and social unrest, has made crypto a key hedge against inflation and systemic risks. The 2025 hack of Iran’s largest crypto exchange, plus multiple blacklistings of USDT addresses, hit stablecoin adoption hard. Last September, Iran’s government imposed annual stablecoin limits: individuals may hold up to $10,000 in stablecoins and make annual purchases no exceeding $5,000. Compliance concerns have also drawn scrutiny. Blockchain analytics firm TRM Labs notes that since 2023, Iran’s Islamic Revolutionary Gu

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Binance Will List United Stables (U) and Launch Zero Fee Trading Promotion

On January 12, Binance is set to list United Stables (U) and launch a zero-fee trading event.

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