U.S. Stock Market to Close Early on Wednesday, Closed on Thursday

On December 25, CME’s FedWatch Tool indicates the probability of a 25-basis-point Fed rate cut in January of next year is 13.3%, while the chance of interest rates remaining unchanged stands at 86.7%.

Coinglass data shows total crypto liquidations over the past 24 hours hit $182 million as of December 25th, with $121 million stemming from long positions and $60.35 million from short positions.

As of December 25th, HyperInsight (https://t.me/HyperInsight) monitoring shows the “BTC OG Insider Whale” still holds $717.9 million in long positions across BTC, ETH, and SOL, with: - Total unrealized loss: $53.23 million - Funding fees paid: $2.614 million Breakdown of current positions: - ETH long: $596 million (entry price: $3,147.39; unrealized loss: $45.03 million) - BTC long: $87.15 million (entry price: $91,506.7; unrealized loss: $4.46 million) - SOL long: $37 million (entry price: $135.2; unrealized loss: $3.74 million)

On December 24, FOX Business reporter Eleanor Terrett reported via a post that Caroline Pham—former acting chair of the U.S. Commodity Futures Trading Commission (CFTC)—has joined crypto payment firm MoonPay as Chief Legal Officer and Chief Administrative Officer.

On December 24, crypto firm Circle’s CircleMetals division announced it’s expanding its platform into tokenized precious metals, per Decrypt. The new service lets users seamlessly swap USDC for tokenized gold (GLDC) and silver (SILC) at real-time market rates, with deep liquidity tied to COMEX reference pricing. ### Notes on American English adjustments: 1. **Conciseness**: Used "per Decrypt" (common in U.S. news briefs) instead of "according to Decrypt"; swapped "convert" for "swap" (industry-standard for crypto asset exchanges). 2. **Clarity**: Added "crypto firm" to contextually identify Circle; specified "division" for CircleMetals (avoids ambiguity). 3. **Flow**: Restructured to lead with key news (announcement) before details; used "tied to" (natural for linking liquidity to reference markets) instead of "from". 4. **Colloquial precision**: "Real-time market rates" (preferred over "prices" for asset swaps) and "lets users" (casual, brief for briefs) align with U.S. b

December 24th: The S&P 500 Index hit an intraday all-time high, gaining 0.16%, per market data.