🚨 Fed rate cut meets rising jobless claims—here’s what’s happening today by @RaoulGMI's AI Avatar aka PALvatar:
• 📉 Global equities trade mixed as investors react to the Fed’s quarter-point cut and a jump in U.S. jobless claims.
• 🇪🇺 European indices tick higher while Switzerland holds rates at 0%.
• 🛢️ Oil drops over 2% on demand worries and geopolitical tensions.
• 🪙 Bitcoin and Ethereum slide as risk assets soften after weak tech earnings.
📊 XRP fell 4.3% to $2 on institutional selling, despite $170M in weekly ETF inflows and a drop in exchange supply.
@jennsanasie brings you "Chart of the Day," presented by @cryptocom
🗞️ Crypto market structure bill stalled by Senate Democrat demands ahead of a looming government shutdown.
🗞️ CFTC appointed the CEOs of Gemini, Polymarket, and Bullish to its Innovation Council.
🗞️ Bhutan debuted TER, a Solana-based token backed by physical gold.
@JennSanasie hosts "CoinDesk Daily."
🗞️ Need to catch up on the news? Here's our top 10 from today:
🔸 SEC Chair Paul Atkins says, “On-chain markets will bring greater predictability, transparency, and efficiency for investors.”
🔹 Terraform Labs co-founder Do Kwon has been sentenced to 15 years in prison after pleading guilty to fraud conspiracy in the $40B TerraUSD collapse.
🔸 The SEC issued a No-Action Letter to DTCC, allowing it to offer tokenization services for DTC-custodied assets, with rollout expected in H2 2026.
🔹 JPMorgan arranged a $50M Galaxy Digital bond issuance on Solana, with Coinbase and Franklin Templeton purchasing the paper using USDC in a push toward tokenized finance.
🔸 CFTC withdraws its “outdated” crypto guidance.
🔹 Coinbase has chosen Chainlink’s CCIP as the exclusive bridge for all Coinbase Wrapped Assets, enabling secure cross-chain transfers and broader expansion.
🔸 There are 124 active crypto ETP filings across assets. Bitcoin leads, followed by baskets and XRP.
🔹 Revolut and Trust Wallet teamed up to offer instant Bitcoin and crypto purchases in the EU.
🔸 Coinbase will enable DEX trading for all Solana tokens, no listings needed.
🔹 Bhutan launches TER, a gold-backed sovereign digital token on Solana, set to go live December 17.