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Solana price is flashing signs of near-term weakness as long-term holders trim exposure and big money inflows remain muted. While short-term gains kept it steady this week, a near 3% dip could test key support near $192, where failure to hold might open the way for deeper losses.
A Bold Plan for Economic Growth Through Civic Real-World Tokenization with Projects Like Tokenize the Border™ The independent political organization Innovate NY PAC reiterated its support for Andrew Cuomo for Mayor of New York City, emphasizing his leadership and commitment to making New York the global capital of technology, crypto innovation, and economic opportunity. In
U.S. President Trump has approved the demolition of the White House East Wing to build a large banquet hall funded by private donors, including Trump himself and several companies from the technology, defense, and crypto industries. This move has sparked controversy and criticism for allegedly using power to raise funds. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
The Federal Reserve has cut interest rates by another 25 basis points and announced the end of quantitative tightening in December. During the press conference, Powell emphasized the necessity of "slowing the pace of rate cuts," prompting the market to quickly adjust its expectations and causing risk assets to decline across the board.
Bitcoin’s decline under $110,000 highlights weakening investor conviction and renewed selling from long-term holders, with bulls needing to reclaim $115,000 to restore market momentum.
This amount is nearly twice the maximum SPAC Fairshake invested in 2024, and slightly exceeds the total spending of the entire oil and gas industry in the previous election cycle.
- 23:11An exchange launches ETH-collateralized lending services through MorphoJinse Finance reported that a certain exchange now allows users to borrow up to 1 million USDC using ETH as collateral. These loans are supported by the Morpho lending protocol on the Base chain.
- 23:04JPMorgan: Crypto market correction may be mainly due to retail investors selling Bitcoin and Ethereum ETFsJinse Finance reported that JPMorgan analysts stated that retail investors have sold approximately $4 billion worth of spot bitcoin and ethereum ETFs in November, which has been the main driver of the recent cryptocurrency market correction. Meanwhile, retail investors are buying stock ETFs, increasing their holdings by about $96 billion this month, indicating that the cryptocurrency sell-off is not part of a broader risk-off sentiment.
- 22:41The probability of a 25 basis point rate cut by the Federal Reserve in December is 39.6%According to Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 39.6%, while the probability of keeping rates unchanged is 60.4%. The probability that the Federal Reserve will cumulatively cut rates by 25 basis points by January next year is 50.2%, the probability of keeping rates unchanged is 29.7%, and the probability of a cumulative 50 basis point rate cut is 20.2%.