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A Whale Dumped at the Beginning of the Year After Hoarding AI Altcoins, Resulting in a $28.54 Million Loss

8 hours ago

On December 16th, per Cinder Monitor data, a crypto whale spent $31.12 million on various AI concept tokens during the early-year AI agent hype. Now, as the hype has cooled, the whale liquidated these AI agent tokens this morning, recouping just $2.57 million—resulting in a massive loss of $28.54 million (a 92% drop).
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U.S. Treasury Secretary: Expects to Conclude 2025 with a GDP Growth Rate of 3.5%

Dec. 16 — U.S. Treasury Secretary Janet Yellen said she expects GDP growth to reach 3.5% by 2025. (FXStreet)

11 minutes ago

U.S. Treasury Secretary: Yellen and Hassett as Fed Chair are both "very, very qualified"

Dec. 16 – U.S. Treasury Secretary Benson stated that one or two additional interviews for the Federal Reserve Chair position could take place this week. Trump has been "very straightforward" on policy-related matters during the interviews, Benson noted. Both Kevin Warsh and Kevin Hassett are "very, very qualified" candidates, he added. Benson also pushed back on claims that Hassett is unfit to serve at the Fed, and rejected the idea that a new chair would undermine the central bank’s independence. (FXStreet)

11 minutes ago

PIPPIN Insider Holds 80% of the Supply, Valued at Around $380 Million

On December 16, blockchain analysis platform Bubblemaps tweeted that the internally controlled supply of the PIPPIN token has reached 80%—valued at roughly $380 million. There are 16 newly created wallets with matching patterns, similar funding sources, equivalent SOL amounts received, no prior transaction history, and large PIPPIN withdrawals from centralized exchanges (CEX). Additionally, 11 linked wallets hold roughly 9% of the total supply combined, with fund flows closely aligned with the same time window and suspected of being controlled by the same entity.

11 minutes ago

U.S. Treasury Secretary: Guessing Fed Chair Pick to Be Announced in Early January

December 16: U.S. Treasury Secretary Yellen says the announcement of the next Federal Reserve Chair will be made in early January. (CNBC)

11 minutes ago

Bank of America Survey: Majority of Investors Expect Yellen to Serve as Next Fed Chair

December 16th Bank of America’s December global fund manager survey shows most investors expect President Trump to nominate White House economic advisor Kevin Hassett as the next Federal Reserve chairman. Nearly 69% of respondents anticipate Hassett’s nomination, while just 4% each expect Fed Governor Lael Brainard or former Fed Governor Kevin Warsh to be tapped for the role. The survey was fielded before Trump told The Wall Street Journal he is inclined to pick Hassett or Warsh, as current Fed Chair Jerome Powell’s term expires in May next year. (FX678)

11 minutes ago

Custodia Bank has submitted a re-evaluation application, continuing to seek the Federal Reserve to establish a master account for it.

On December 16, per CoinDesk, Custodia Bank filed an en banc rehearing petition with the 10th U.S. Circuit Court of Appeals amid its ongoing legal fight with the Federal Reserve, pushing forward in its bid to get the Fed to grant it a master account. Earlier this November, the 10th U.S. Circuit Court of Appeals ruled in Custodia’s lawsuit against the Fed, issuing a 2-1 decision in the central bank’s favor and denying Custodia’s request to open a master account.

11 minutes ago

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