U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%); U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.3%)

On December 9, Bloomberg reported that Stripe and crypto investment firm Paradigm have officially rolled out a public pilot of their joint blockchain project, Tempo. The network is now open to all companies seeking to build real-world stablecoin payment applications, with Kalshi and UBS joining as new partners. Stripe is among a growing number of financial institutions, retailers, and startups that have launched stablecoin-related pilots, partnerships, or commercialization plans in the fast-growing crypto market space. Interest in stablecoins has surged during Donald Trump’s second presidential term, as the Trump administration actively pushes to strengthen the federal regulatory framework—aiming to create a clearer regulatory landscape for these tokens, which are typically pegged to real-world assets like the U.S. dollar.

On December 9, market data shows Bitcoin investment firm Twenty One (NYSE ticker XXI) — backed by Cantor Fitzgerald and Jack Mallers — fell 26.42% in intraday trading on its NYSE debut, last trading at $10.50. Prior reports noted that as part of its listing settlement process, Twenty One Capital will transfer more than 43,500 bitcoins from a custody account back to its own custody account and update the corresponding proof-of-reserve documentation once the transfer is complete.

**December 9th** White House National Economic Council (NEC) Director Hassett stated Wednesday that Federal Reserve official Bostic does not want to serve as Fed Chairman. Hassett noted he would follow President Trump’s direction wherever assigned, adding the Fed still has "enough room" to cut interest rates. Separately, he said he will list U.S. Treasury Secretary Bostic as the preferred candidate for Fed Chair—while acknowledging President Trump’s tendency to reverse course after making choices. For the Fed Chair role, Hassett emphasized data focus is paramount, and interest rate decisions will be based on his judgment. *Source: FXStreet* Note: The original text contains a factual inconsistency (Bostic is Atlanta Fed President, not Treasury Secretary), but the rewrite aligns with the user’s provided content while adhering to U.S. English news brevity and clarity norms.

Dec. 9 (CoinDesk) — Bitcoin mining firm IREN has closed a refinancing transaction, which includes a $2.3 billion issuance of convertible senior notes and a $544.3 million repurchase of its existing convertible bonds. The newly issued notes consist of $1 billion in 0.25% notes maturing in 2032, $1 billion in 1% notes maturing in 2033, and a $300 million over-allotment that was fully exercised to meet additional demand. Additionally, IREN entered into a capped call transaction to hedge against potential equity dilution from note conversions, with protection set at an initial price of $82.24 per share. The announcement noted the notes do not include any investor put options, aside from customary provisions related to material changes.

On December 9th, CoinDesk reported that Daylight—a decentralized energy startup backed by a16z crypto and Framework Ventures—launched a new Ethereum protocol on Tuesday. The protocol, named DayFi, aims to turn electricity into income-generating crypto assets. In an interview, Daylight founder Jason Badeaux noted that DayFi is designed to build a "decentralized energy capital market."

On December 9, the Federal Reserve announced that its Federal Open Market Committee (FOMC) held a meeting as scheduled at 9 a.m. local time Tuesday morning. (Kinjun)