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New Coin PINOCCHIO: Official Long Nose Mocking Ignition, PINOCCHIO Surges Past Million Dollar Trade

2 days ago

According to Trend News monitoring, the U.S. Department of Education’s official Twitter (X) account posted a viral video: it overlaid a "Pinocchio Long Nose Counter" onto a clip of teachers’ union president Randi Weingarten’s interview, implying her comments on Trump’s education reform were "lies." This marks a long-running point of contention between the Trump camp and the teachers’ union — viewed as direct official-level mockery that quickly escalated the conversation. As the video went viral, "Pinocchios" emerged as a new internet slang term. Online platforms flooded with long-nose memes targeting politicians. Discussion spilled over to the Solana blockchain, where users launched a token called PINOCCHIO. Within 24 hours, 19 same-named projects popped up: the mainstream consensus version saw its 24-hour trading volume surge to $1.1 million, hit a peak market cap of $210,000, and gained 866 holders. Political memes’ staying power has fueled ongoing spillover buzz — after all, "Pinocchio" has been a decades-long staple of American political memes. Going forward, it’s sure to be trotted out repeatedly whenever politicians clash and hurl accusations of lying.
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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.

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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)

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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)

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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.

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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.

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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)

2 hours ago