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Gemini Launches Gemini Predictions, a Prediction Market Feature, in All 50 U.S. States

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On December 16, cryptocurrency exchange Gemini announced the official launch of its prediction market product, Gemini Predictions, across all 50 U.S. states. Offered by affiliate Gemini Titan, the service allows users to trade on real-world event outcomes with near-real-time execution and transparent settlement. The launch follows shortly after Gemini Titan secured a Designated Contract Market (DCM) license from the U.S. Commodity Futures Trading Commission (CFTC), qualifying it to legally offer prediction market products in the country. Gemini noted the prediction market rollout is the latest step in building its "one-stop super app." Beyond crypto trading, users can stake assets, earn rewards, trade tokenized stocks, and access the prediction market. This move aligns with the industry’s shift toward all-in-one platforms—exchanges like Coinbase and PancakeSwap are also accelerating their prediction market product launches. After years of regulatory uncertainty, the U.S. prediction market is gaining momentum. Previously restricted platforms like Polymarket have recently resumed U.S. operations, while firms including Kalshi, Robinhood, and Crypto.com have received signals of phased regulatory approval.
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Tether Leads Funding Round for Payment Infrastructure Company Speed to Complete $8 Million Strategic Financing

On December 16, payment infrastructure firm Speed1, Inc. closed an $8 million strategic financing round, with Tether leading the investment and Ego Death Capital participating. Speed1 is focused on building instant global settlement channels using the Bitcoin Lightning Network and stablecoins.

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U.S. Treasury Secretary: Anticipates $100 billion to $150 billion in Tariff Refunds in Q1 Next Year

On Dec. 16, U.S. Treasury Secretary Janet Yellen said U.S. households could receive tariff rebates of $1,000 to $2,000 each, with total expected rebates ranging from $100 billion to $150 billion in Q1 next year.

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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)

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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)

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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.

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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)

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