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New Coin: ELONREAPER, Musk Transforms into "Regulatory Grim Reaper" to Sweep Away Bureaucracy

2 days ago

Per Trend News monitoring, prominent crypto influencer @cb_doge recently shared a viral meme depicting Elon Musk as the Grim Reaper—sinister grin, scythe in hand—cutting through a “Bureaucracy” gate emblazoned with U.S. and EU flags. The meme features a satirical twist on Oppenheimer’s quote: “I am become Meme, Destroyer of Bureaucracy,” framing memes as a weapon to cut through red tape. It quickly flooded social media with widespread shares. The meme dropped earlier this month, coinciding with foreign media confirming the premature dissolution of the Department of Government Efficiency (DOGE)—a reform body once billed to slash $2 trillion in federal spending but short-lived. Around the same time, EU fining actions faced cross-the-board criticism. The meme satirizes the “sound and fury” of reform efforts, acting as an emotional outlet for anti-bureaucracy groups. On-chain, the $ELONREAPER token (tied to the regulatory Grim Reaper theme) reacted: 15 tokens bearing the same name hit $230,000 in trading volume within an hour.
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Trump: Rate cut amount is too small, could have been doubled

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.

1 hours ago

Chair Powell's Remarks: Nothing about "Hawkish 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)

1 hours ago

Spot Silver Hits Another All-Time High

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)

1 hours ago

Institution Rates FOMC Decision: Moderately Dovish

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.

1 hours ago

Bitcoin Surpasses $94,000

On December 11th, per HTX market data, Bitcoin has broken through $94,000, posting a 0.37% gain over the past 24 hours.

1 hours ago

Powell stated that a rate hike is not the current baseline expectation, suggesting that interest rates may remain unchanged in the short term

On Dec. 11, Federal Reserve Chair Jerome Powell told reporters at a press conference that the Fed is unlikely to raise rates next—since policymakers’ new projections don’t align with economic fundamentals. “I don’t think a rate hike is anyone’s baseline expectation,” Powell said. Meanwhile, he signaled rates could stay on hold in the near term. (FXStreet)

1 hours ago