Federal Reserve's Bullard: Opposed Fed's recent rate cut, should wait for more inflation and employment data
On December 12, Chicago Fed President Evans stated his opposition to the Federal Reserve’s recent 25-basis-point rate cut, arguing further cuts should await more data on inflation and the labor market—especially amid lingering price hike concerns among businesses and consumers.
Evans was among the three officials who dissented in the Fed’s 9-3 vote this week, advocating for delaying rate cuts until early next year.
“Inflation has stayed above the Fed’s 2% target for four and a half years, with recent progress toward the goal stalling,” he explained. “Nearly all businesses and consumers I’ve spoken with in my district in recent months cite prices as a top concern, so a more cautious approach—waiting for additional information—is prudent.”
Evans added that if future data shows inflation returning to the 2% target, he still “optimistically believes” rates “can be significantly lowered” next year.
(Source: FX678)
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RaveDAO Genesis Membership Card participant rewards have reached 250%, and spot trading will soon be available on various platforms.
**RaveDAO (RAVE) Token Launches on Binance Alpha, Price Surges 116.2%**
RaveDAO’s (RAVE) token went live on Binance Alpha at 8 p.m. UTC+8 on December 12, with early trading delivering sharp gains.
Currently trading at $0.26, RAVE has a $60 million market cap—up 116.2% from its opening price. Genesis card holders have already locked in a 250% return, and on-chain trading volume has hit $25 million.
Spot trading for RAVE is set to launch on multiple centralized exchanges at 10 p.m. UTC+8 tonight.
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Pundi AI Teams Up with LinqAI: Driving Innovation in Decentralized AI from Data to Compute
December 12 — Pundi AI announced a partnership with LinqAI, the development team behind decentralized computing network LinqProtocol, to collaborate on building a decentralized AI ecosystem powered by trusted data and scalable computing resources.
Pundi AI empowers the community to create and verify high-quality AI training data via on-chain provenance and tokenized ownership. LinqProtocol, meanwhile, offers global GPU and CPU resources through its permissionless computing network—delivering cost efficiencies for AI task execution relative to centralized cloud providers.
This collaboration will combine Pundi AI’s verifiable datasets with LinqProtocol’s computing network to unlock new compute-intensive use cases, including advanced AI agents, inference workloads, simulation, and automation.
The pair shares a vision to put users in control of the value they generate: data ownership stays with creators, and computing power is transparent and globally distributed. As both ecosyste
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GSR: All Operations Normal, Business and Liquidity Situation Remain Strong
December 12 – Cryptocurrency market maker GSR announced today that all operations are normal, its business and liquidity conditions remain robust, and it will continue delivering industry-leading execution and services to clients and partners. The firm also looks forward to sustained strong growth in 2026.
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CopperX will launch the global next-generation digital bank Kosh
Copperx, a stablecoin banking services provider, announced at the Solana Breakpoint conference on December 12th that it will soon launch Kosh—a new global digital bank built on Solana, tailored for freelancers and small businesses.
Users will be able to share account details with global clients, conduct instant, fee-transparent transactions, and avoid processing delays. Kosh will offer quick U.S. account setup, real-time global payments, and flexible repayment options backed by SOL collateral.
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