[Hassett Reiterates Rate Cut Expectations and Supports New Residency Rules for Regional Fed Presidents] White House National Economic Council Director Hassett stated on Friday that Federal Reserve policymakers might cut interest rates at next week's meeting, calling it a good time for the Fed to cautiously lower rates. He predicted that with the economy recovering from the impact of the federal government shutdown and new factories coming online, an economic boom could arrive in early 2026. In addition, Hassett expressed support for Treasury Secretary Besent's new initiative requiring regional Federal Reserve presidents to reside in their districts for three years, stating that this move aligns with the original intent of establishing a federal system. Besent previously said he would push for the new rule to address criticisms that the Federal Reserve has overstepped its monetary policy mandate.
24/7 Flashes
More >9月核心PCE通胀降至3%以下，美联储下周或讨论降息
[Core PCE Inflation Falls Below 3% in September, Fed May Discuss Rate Cuts Next Week] Data from the U.S. Department of Commerce shows that the monthly rate of the PCE Price Index in September was 0.3%, with the annual rate rising from 2.7% in August to 2.8%. The annual rate of core PCE fell from 2.9% to 2.8%. The monthly price increase was in line with market expectations. Due to the government shutdown delaying the release of October inflation and November employment data, the Federal Reserve will discuss its next steps at next week's meeting based on outdated economic indicators, focusing on balancing inflation and the cooling labor market.
密歇根大学12月消费者信心指数录得53.3 高于预期
[University of Michigan December Consumer Sentiment Index Recorded at 53.3, Exceeding Expectations] The University of Michigan December Consumer Sentiment Index recorded at 53.3, higher than the expected 52.0.
以太坊Fusaka升级后blob base fee暴涨1500万倍
[Ethereum Fusaka Upgrade Causes Blob Base Fee to Skyrocket by 15 Million Times] Liquid Capital posted on Platform X, stating that after Ethereum's Fusaka upgrade, the blob base fee surged by 15 million times. The core reason is that EIP-7918 introduced a 'minimum mechanism' for blob fees. Before the upgrade, blob fees had no lower limit and were maintained at 1 wei for a long time, resulting in nodes bearing costs without reasonable returns. After the upgrade, blob fees must be ≥ 1/15.258 of the L1 execution base fee, reflecting the true network cost, regulating blob traffic, and preventing congestion. Additionally, PeerDAS technology has enhanced blob storage capacity. Furthermore, blob fees are now included in the ETH burn mechanism, with future ETH burn volume expected to increase by 8 times, potentially accounting for 30-50% of total burn volume by 2026.
某钱包通过 Flow Trades 地址向币安转移180万美元 LINEA 代币
[A certain wallet transferred $1.8 million worth of LINEA tokens to Binance via the Flow Trades address] According to monitoring by onchainschool.pro, a wallet that had previously received LINEA tokens from the project's main wallet has once again transferred tokens to the Binance exchange via the Flow Trades address. This transfer amounts to $1.8 million. This marks the third transfer to Binance by this wallet this month, bringing the total amount of LINEA tokens transferred this month to $4.5 million.
Monochrome IBTC ETF holds 1203 BTC with a total value of over AUD 170 million
The Australian Monochrome IBTC ETF disclosed holding 1203 bitcoins with a total value of over AUD 170 million (approximately USD 108 million). （Cointelegraph）