The Federal Reserve's interest rate cut has landed and the future pace is uncertain, and the market reflects it through volatility and option flows

[USDC Treasury Burns Approximately 78.9 Million USDC on Ethereum] USDC Treasury burned 78,904,497 USDC on the Ethereum network, valued at approximately $78.9 million.

[Commerzbank: Fed Rate Cuts Expected to Exceed Market Expectations] Driven by expectations of further rate cuts by the Federal Reserve next year and ongoing geopolitical uncertainties fueling safe-haven demand, gold prices continue to rise. Analysts at Commerzbank stated that although there are signs that the Fed may pause rate cuts at its next meeting in January, the door remains open for further rate cuts thereafter. They expect the extent of the rate cuts to exceed current market expectations, especially after Powell's successor officially takes office as Fed Chair in May next year.

[UK Cross-Party Parliamentary Group Urges Chancellor to Intervene in Bank of England's Stablecoin Regulatory Framework] On December 11, a cross-party parliamentary group from the UK House of Commons and House of Lords (including Sir Gavin Williamson and others) sent a letter to Chancellor Rachel Reeves, urging intervention in the systemic stablecoin framework proposed by the Bank of England. The group warned that the proposal could drive innovation and capital overseas. The MPs stated that the plan, which prohibits large-scale use of stablecoins outside the digital securities sandbox, bans interest on reserves, and imposes holding limits, could make the UK a 'global outlier' and push trading activity toward dollar-backed stablecoins like USDC. The signatories argued that stablecoins are becoming the backbone of the digital economy and warned that restrictive measures in the UK could hinder adoption and weaken London's global standing.

[Axe Compute Renamed and Listed on Nasdaq, to Commercialize Aethir Network] On December 12, Predictive Oncology announced its renaming to Axe Compute and its listing on Nasdaq under the ticker AGPU. Axe Compute will serve as the operator to commercialize the decentralized GPU network of Aethir, supported by Aethir's strategic compute reserves as the underlying infrastructure. Aethir has deployed over 435,000 GPU containers, supporting hardware such as NVIDIA H100. Axe Compute will act as the front-end delivery entity, while Aethir will continue to serve as the foundational infrastructure.

[Philadelphia Fed President Harker: Focus on Employment Risks, Monetary Policy Remains Restrictive] Philadelphia Fed President Harker stated that the current primary focus is on the labor market conditions, with slightly greater concern about labor market weakness than the risk of rising inflation. Harker believes that as the impact of tariffs fades, inflation is highly likely to gradually decline next year. Harker emphasized that monetary policy remains in a restrictive state, which should help inflation return to the 2% target. Harker noted that the cumulative 75 basis points rate cuts over the past three instances have provided insurance against further deterioration in the labor market, and the situation will become clearer early next year.