Fed's Powell: Job Market Very Weak, Rate Cut Would Help Job Market

Per HTX market data on December 17th, Ethereum surged more than 3% in 10 minutes, now trading at $2,977 with a market cap of $348.77 billion.

Bitcoin rebounded to break above $89,000 on December 17, per HTX market data, posting a 24-hour gain of 2.07%.

On December 17th, U.S.-listed specialty coffee technology firm CIMG Inc. announced it has used its own funds to acquire an additional 230 bitcoins, totaling approximately $24.61 million. Following the transaction, the company’s total bitcoin holdings have risen to 730 coins. CIMG noted the current digital asset market is in a “cooling-off period,” presenting a strategically meaningful entry point. Additionally, Bitcoin’s high liquidity helps preserve asset value.

Update: As of December 17, per HTX market data, Ethereum has dropped below $2,900—down 1.29% over the past 24 hours.

On December 17th, AirSwap founder Michael Oved announced in a post that Harbor—a chain-agnostic DeFi liquidity layer—completed a $4.2 million seed funding round this spring and summer, led by Susquehanna Crypto and Triton Capital. Triton Capital—formerly Kraken Ventures—is the venture capital arm of Kraken, a leading U.S. cryptocurrency exchange. Additional investors include market makers Selini, Auros, Hermeneutic, and Kronos Research, plus several prominent crypto family offices and top angel investors. Harbor has officially launched. Built from the ground up for professional liquidity providers, the chain-agnostic DeFi liquidity layer offers narrower spreads, a predictable trading experience, and real, verifiable performance. Over time, the protocol will expand its suite of DeFi primitives to include Bitcoin and stablecoins, with plans to eventually cover all on-chain global assets gradually.

Nvidia (NVDA.O) shares fell to a three-week low on December 17th, declining 2%, according to FXStreet.