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The Federal Reserve has cut interest rates by another 25 basis points and announced that balance sheet reduction will end on December 1. Two committee members voted against the decision: one supported no rate cut, while the other supported a 50 basis point cut.



Quick Take Summary is AI generated, newsroom reviewed. Bitwise clients bought $69.5 million in Solana, signaling strong institutional confidence. Solana institutional demand continues to rise amid increasing DeFi and Web3 adoption. The Bitwise Solana investment strengthens the firm’s role in institutional crypto expansion. Growing Solana price momentum suggests sustained investor interest and market optimism.References JUST IN: Bitwise clients buy $69.5 million worth of $SOL.

- 03:35Data: A certain whale increased holdings by 57,000 ETH in a single day, with total holdings reaching $1.21 billionsAccording to ChainCatcher, on-chain analytics platform Lookonchain has monitored that the crypto whale identified as “#66kETHBorrow” has once again accumulated 57,725 ETH, worth approximately $163 million. After this purchase, the whale's total ETH holdings have reached 432,721 ETH, with a total value of about $1.21 billion. At the same time, this whale has borrowed a cumulative $602.6 million in stablecoins on the lending platform Aave.
- 03:35MoonPay Ventures announces strategic investment in crypto wallet Zengo WalletChainCatcher news, according to PR Newswire, MoonPay Ventures has announced a strategic investment in the crypto wallet Zengo Wallet, aiming to deepen cooperation between the two parties in the field of digital asset payments. MoonPay will serve as the exclusive payment provider for ZenGo, supporting users to more conveniently convert between fiat and cryptocurrencies. This investment aims to enhance ZenGo's user experience and expand MoonPay's influence within the Web3 ecosystem.
- 03:24US prosecutors deny pressuring FTX executives to plead guiltyJinse Finance reported that Danielle Sassoon, one of the U.S. prosecutors who helped convict former FTX CEO Sam Bankman-Fried, testified on Thursday at an evidentiary hearing related to the plea agreement of former FTX Digital Markets co-CEO Ryan Salame. The hearing was held at the U.S. District Court for the Southern District of New York, with the core issue being whether the prosecution had improperly influenced Salame’s plea—which ultimately impacted the criminal case against his former partner Michelle Bond. Previously, Salame was sentenced to more than seven years in prison after pleading guilty to campaign finance violations and operating an unlicensed money transmitting business. His plea became a focal point for Bond’s legal team, which claimed that the prosecution “induced” Salame to cooperate with the investigation, unfairly exposing Bond to criminal charges. Sassoon denied this claim. Reportedly, Sassoon testified that if Salame pleaded guilty, her team “might not continue to investigate [Salame’s] conduct,” but she emphasized that the government did not mislead Salame about possible outcomes. “My job is not to entrap people into pleading guilty,” she said.