Lookonchain APP

App Store

BiyaPay Analyst: Trump Criticizes Fed's Rate Cut as Too Small, Should Be Doubled at Least, Bitcoin to Drop Below $90,000

2 days ago

On December 11, the Federal Reserve announced an additional 25-basis-point rate cut, lowering its interest rate range to 3.50%-3.75%—marking the third rate cut this year. Following the announcement, the crypto market saw volatility: Bitcoin briefly surged to $94,500 before quickly falling back below $90,000. Former President Trump criticized the cut as “too small—it should be at least doubled” and again hinted at a potential replacement for the Fed Chair. BiyaPay analysts noted the rate cut failed to shift the market’s uncertain outlook on the future economy and inflation, which has widened macroeconomic divergences and could drive further short-term volatility in crypto prices. For users trading U.S. stocks, Hong Kong stock futures, or digital assets with USDT on BiyaPay, we recommend carefully managing leverage and position sizes to avoid emotional chasing of gains or panic selling.
Relevant content

Crypto Stocks Experience Broad Decline on Friday, Ethereum Treasury Stock Plunges, BMNR Down 9.17%

On Friday, December 13, U.S. stock markets closed with the following moves, per market data: - S&P 500 Index: Down 1.07% - Nasdaq Composite Index: Off 1.69% - Dow Jones Industrial Average: Hit an intraday high before paring gains to end down 0.51% Cryptocurrency-related stocks broadly declined, with notable moves including: - Coinbase (COIN): -0.58% - Circle (CRCL): -5.76% - MicroStrategy (MSTR): -3.74% - Bullish (BLSH): -4.05% - Gemini (GEMI): -11.81% - Bitmine (BMNR): -9.17% - SharpLink Gaming (SBET): -8.85% - Bit Digital (BTBT): -8.54% - ETHZilla (ETHZ): -8.5% - BTCS (BTCS): -9.01% - BNB Network Company (BNC): -4.81% - ALT5 Sigma (ALTS): -2.63% - American Bitcoin (ABTC): -2.73%

5 minutes ago

The Crypto Fear & Greed Index has dropped to 23, re-entering the "Extreme Fear" zone.

On December 13, per Alternative Data, the cryptocurrency Fear & Greed Index stands at 23 today—down from 29 yesterday—signaling a return to the "extreme fear" zone. Note: The index ranges from 0 to 100 and is calculated using the following metrics: - Volatility (25%) - Market Trading Volume (25%) - Social Media Hype (15%) - Market Surveys (15%) - Bitcoin Dominance (10%) - Google Trends Analysis (10%)

5 minutes ago

Insider: Kalshi to Predict Markets for Coinbase as Sole Operator

Coinbase is reportedly gearing up to launch an internal prediction market backed by platform Kalshi, per CNBC citing knowledgeable sources on December 13. The move aligns with Coinbase’s strategy to expand its asset category coverage as some investors steer clear of digital assets. Sources familiar with the matter note the pair could officially announce the partnership as soon as next week. The collaboration is non-exclusive, but Kalshi will initially be the sole operator of the prediction market on Coinbase. Per *The Information*, Coinbase plans to roll out the product during its “Coinbase System Update” event on December 17. Bloomberg also reports Coinbase will announce tokenized stock products at the same event. Coinbase declined to confirm the reports to CNBC, directing inquiries to its upcoming event next week.

5 minutes ago

Coinbase Listing Roadmap Update: Lighter (LIGHTER)

On December 13, Coinbase is set to add Lighter (LIGHTER) to its listing roadmap, per official sources. Lighter (LIGHTER) is an ERC-20 token on the Ethereum network, with a contract address of 0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2.

5 minutes ago

NASDAQ has been granted increased discretion to reject IPO applications that pose manipulation risks

**December 13th (Reuters) — The Nasdaq Stock Market has been granted expanded authority to reject initial public offering (IPO) applications that pose manipulation risks, with the U.S. Securities and Exchange Commission (SEC) immediately approving the new rule last Friday.** Under the rule, Nasdaq may deny a company’s listing if: - Its home jurisdiction fails to cooperate with U.S. regulatory reviews; - Underwriters, brokers, lawyers, or audit firms tied to the IPO have engaged in questionable transactions; - Doubts exist about the integrity of the company’s management team or major shareholders. The move targets a recent trend: a surge of small-cap IPOs that have seen sharp price collapses shortly after listing. Over the past year, half of Nasdaq’s IPOs raised less than $15 million, and most of their share prices dropped by more than 35% within 12 months of going public.

5 minutes ago

Oracle Delays Data Center Construction, Falls Alongside Nvidia During Trading Hours

On December 13, Oracle (ORCL.N) delayed construction of its OpenAI data center from 2027 to 2028, citing labor and material shortages as the primary cause. Market data shows Oracle plunged 6% intraday, while Nvidia dropped nearly 2% alongside it.

5 minutes ago