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Market Prediction Space has completed a $3 million seed and strategic funding round, with participation from Arctic Digital and others

4 hours ago

On December 16, Predictive Market Space announced it has closed a $3 million seed and strategic financing round. Participants include Morningstar Ventures, Arctic Digital, Echo, IMPOSSIBLE and other investors. The new capital will go toward building the first prediction market on Solana that supports 10x leverage.
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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)

5 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.

5 minutes ago

OKX has announced the launch of Spot Margin Trading service for European customers.

On December 16, OKX announced the launch of spot margin trading services for its European customers. European users will be able to access the existing margin trading tools on OKX’s global platform while ensuring all operations comply with local regulatory requirements. The new offering will boost spot margin trading leverage to as high as 10x and introduce a cross-margin mode, letting customers use their full portfolio as collateral. OKX noted that the service leverages its global risk management infrastructure and reserve validation system, further underscoring its focus on transparency and asset security while expanding margin trading access to a wider European user base.

5 minutes ago

Tonight, ahead of the release of US employment data, the probability of a 25 basis point interest rate cut in January next year is 24.4%.

December 16 Before tonight’s U.S. employment data release, CME’s FedWatch Tool shows: - 24.4% chance the Federal Reserve cuts rates by 25 basis points (bps) at its Jan. 28, 2026, meeting; 75.6% odds of holding rates steady. - For the March 18, 2026, FOMC meeting: 49% chance rates remain unchanged; 42.4% for a cumulative 25-bps cut; 8.6% for a 50-bps reduction. The U.S. Bureau of Labor Statistics (BLS) will release November’s seasonally adjusted nonfarm payrolls (expected: 40,000) and unemployment rate (expected: 4.4%) tonight at 21:30 Beijing Time (UTC+8).

5 minutes ago

Starknet team sent 15.75 million STRK tokens from the team address, worth approximately $1.5 million.

Per Arkham monitoring, a Starknet team-linked address transferred 15.75 million STRK to two new addresses roughly 30 minutes ago (December 16th). The total is valued at approximately $1.5 million. Historical activity suggests additional transfers to crypto exchanges are likely.

5 minutes ago

Binance will conduct an Infrared (IR) exclusive TGE on December 17th

On December 16, Binance Wallet announced it will host its 42nd exclusive Token Generation Event (TGE) for Infrared Finance (IR) on Tuesday, December 17, running from 8:00 AM to 10:00 AM UTC. Eligible users must use Alpha points to participate. Full TGE details and the event portal will be released shortly.

5 minutes ago

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