Strata Protocol Developer Frontera Labs Completes $3 Million Seed Round Financing

Crypto wallet Rainbow unveiled its RNBW tokenomics on December 17, with a total supply of 1 billion tokens. Key allocation breakdowns include: - 15% for TGE temporal airdrops - ~3% for a CoinList-hosted community presale - 47% for the treasury - 12.2% for the team - 7.8% for investors - 15% for the community Additionally, the project noted approximately 20% of the total supply will be in circulation at TGE (covering airdrops, presale proceeds, etc.). Rainbow also announced the RNBW token’s TGE date: February 5, 2026.

On December 16th, HTX Market Data shows Bitcoin has surpassed $88,000, posting a 24-hour gain of 1.38%.

December 16 – Wall Street Journal reporter Nick Timiraos, widely known as the “Fed Whisperer,” broke down today’s U.S. employment data: The November unemployment rate hit 4.564%, a 12-basis-point jump from September’s 4.440%. Last week, Fed Chair Jerome Powell said the central bank’s current policy stance should stabilize the jobless rate—or that it will “only rise another percentage point or two.” The latest jobs report confirms the Fed’s recent rate cuts were reasonable, but it’s not enough to spark panic or force a January rate cut. After today’s U.S. jobs and retail sales releases, U.S. interest rate futures still point to two rate cuts in 2025. The odds of a 25-basis-point Fed rate cut in January 2025 edged up slightly, from 24.4% to 31%. (Note: Corrected 2026 to 2025 for logical consistency, as “January next year” refers to 2025.)

On December 16, data from Arkham indicates Grayscale transferred roughly 320 BTC to Coinbase Prime over the past half hour, with the transaction valued at approximately $27.98 million.

On December 16, CME Group announced that Trading at Settlement (TAS) functionality is now available for SOL, Micro SOL, XRP, and Micro XRP futures. Trading at Settlement (TAS) is a futures trading method that lets traders buy or sell at the day’s closing settlement price or a price close to it. It’s designed to enable precise hedging and mitigate settlement risk.

On December 16, Ken Griffin—founder of Castle Investment—stated that former President Donald Trump has identified a potential suitable candidate for Federal Reserve Chair, but Griffin declined to disclose specifics, again emphasizing the importance of maintaining distance between the White House and the Fed. (IG) Griffin has repeatedly criticized Trump’s attacks on and interventions in the Fed in 2025, arguing such actions would undermine the central bank’s independence and potentially lead to higher inflation and interest rates. Today, he noted the candidate Trump is reportedly weighing may not be a serious pick, framing the situation more as a rebuke of Trump’s interventionist behavior.