Thug Crypto

🇺🇸 POWELL: Rapid interest rate cuts could negatively impact inflation.

JUST IN: 🇺🇸 Texas Lieutenant Governor Dan Patrick unveils plan to establish a "Texas Bitcoin Reserve" in 2025.

The Fed held rates steady as widely expected. The FOMC statement contains only minor changes that mark to market recent economic developments: "Labor market conditions remain solid" "Inflation remains somewhat elevated."

nigga.

JUST IN : FED LEAVES RATES UNCHANGED

4 minutes until FOMC .

⚡️JUST IN : Bank of Canada 🇨🇦 cuts key interest rate by 25 bps to 3%, estimated at 3.00%.

🚨JUST IN : Two #AeroDrome contributors suspended for insider trading during $VVV launch following investigation. $VVV Down -23% Coinbase said yesterday that it will pay attention to the coins it lists, interesting.

RECENTLY: A hacker stole $29M in SUI from a victim on December 12, bridging the funds to Ethereum via Tornado Cash, as crypto hacks surged to $3.01B in 2024, according to PeckShield.

⚡️JUST IN : SEC deletes all records of ripple #XRP 💰 civil litigation from official website.

JUST IN: 🇦🇷 Coinbase receives regulatory approval to launch crypto services in Argentina.

Bitcoin hits 103,000$ 📈

⚡️ JUST IN: Pump[dot]fun records over $15.4M in fees in the last 24hrs - a new platform record.

ETH hits 3,200$ 💰

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VITALIK SELLING 😭

Wall Street analysts weighed in on DeepSeek’s developments: • Bernstein: DeepSeek didn’t “build OpenAI for $5M.” The models are impressive but not revolutionary, and the weekend’s social media panic seems overblown. • Citi: While groundbreaking, DeepSeek likely relied on advanced GPUs and techniques like Distillation for training. • J.P. Morgan: It’s unclear if DeepSeek uses High-Flyer’s 50,000 GPUs, but they’re clearly cutting inference costs with their V2 model.

Breaking : U.S. stock index futures extended their losses in pre-market trading: • S&P 500 E-mini futures declined 2.3%. • NASDAQ futures fell sharply, sliding 4%. • Dow futures dropped by 1%. The broad sell-off reflects heightened market volatility and investor concerns.

Over 313,000 traders were liquidated in the last 24 hours, totaling $850M; 93.4% in longs, with the largest being a $98.46M BTC position on HTX.