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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.
- 20:04Data: TREE drops over 16% in 24 hours, YB rises over 10%According to ChainCatcher, spot market data from a certain exchange shows significant market volatility. TREE has dropped 16.4% in the past 24 hours, and RUNE has fallen 7.5% in the past 24 hours, both experiencing a "surge and pullback" pattern. Meanwhile, YB reached its 24-hour high with a 10.89% increase, while ARKM, JOE, and CELO also hit their 24-hour highs, with gains of 5.12%, 5.94%, and 6.42% respectively. In addition, LA and F experienced a "bottoming out and rebound" pattern, with increases of 5.2% and 5.37% respectively. KDA saw a slight rise within 5 minutes, with a gain of 3.13%.
- 20:04Mastercard is in advanced negotiations to acquire ZeroHash in a deal worth approximately $2 billion.Jinse Finance reported that Mastercard is in late-stage negotiations to acquire the cryptocurrency startup ZeroHash, with the deal valued at approximately $2 billion.
- 19:37Powell: No Significant Deterioration Observed in Any Sector of the EconomyJinse Finance reported that Federal Reserve Chairman Powell stated that there has been no significant deterioration in any sector of the economy, and overall, the economic situation is very positive. He also said that he believes the Federal Reserve has taken the right actions so far this year.