Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

December 22 – Cleveland Federal Reserve President Beth Hammack said Thursday that following three consecutive rate cuts at the Fed’s recent meetings, she sees no need for any rate adjustments in the coming months. Hammack pushed back against the recent cuts, noting her concerns about persistent high inflation outweighed worries over potential labor market fragility — the latter being the reason officials lowered rates by a cumulative 0.75 percentage points in recent months. She is not a voting member of the Federal Open Market Committee (FOMC) this year but will gain voting rights next year. Hammack added the Fed does not need to tweak its current federal funds rate target range of 3.5% to 3.75% until at least spring next year. By then, she said, the central bank will be better positioned to judge whether recent commodity price inflation is easing as the impact of tariffs is fully absorbed into supply chains. Source: Jinse

On Dec. 22, Onchain Lens data shows a whale has sold all 230,350 of its AAVE tokens over the past 3 hours, swapping them for 5,869.46 stETH (≈$17.52M) and 227.8 WBTC (≈$20.07M).

December 22nd — Per HTX market data, Bitcoin has rebounded above $89,000, currently trading at $89,008 with a 0.8% gain over the past 24 hours.

December 22 — According to monitoring by HyperInsight (via its Telegram channel @HyperInsight, link: https://t.me/HyperInsight), Huang Licheng, known as “Brother Ma,” closed his ZEC long position for a $2,190 profit this morning. He then opened a new 40x leveraged long position of 11 BTC (valued at approximately $970,000). Additionally, “Brother Ma” still holds a 25x leveraged long position of 5,450 ETH, with an unrealized profit of $304,000.

On December 22, Coinglass data shows BitLight (LIGHT) suffered a flash crash this morning—briefly falling below $1. It’s now trading at $1.12, marking a 24-hour price drop of 69.54%. The total liquidation value of LIGHT contracts across all platforms hit $7.64 million over a 4-hour window, leading the entire network.

December 22nd — Per HTX market data, the cryptocurrency market saw a modest rebound early this week, pushing total market capitalization to $3.086 trillion. This week kicks off the Christmas holiday market, with U.S. stock markets closing early on Wednesday and remaining shut all day Thursday. Markets are watching whether former President Trump will announce his pick for Federal Reserve Chair over the Christmas break. Several tokens in Binance’s Alpha category posted notable gains, with PINGPONG, RAVE, ZKP, and BEAT each surging more than 50% in the past 24 hours. The meme coin sector is continuing to cool off, posting a 0.6% drop in total market capitalization over the past 24 hours. Among the top 200 meme coins by market cap, only M, PUMP, and PIPPIN have posted gains in the last 24 hours.