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According to Jinshi, traders have brought forward their expectations for a Federal Reserve rate cut to June.

According to Jinshi reports, traders now believe that the Federal Reserve will wait until July to cut interest rates.

According to Jinshi, the U.S. December core PCE inflation exceeded expectations, and inflation in January is expected to accelerate further, strengthening the market's expectation that the Federal Reserve will not cut interest rates before June. Data from the U.S. Bureau of Economic Analysis shows that the core PCE index, excluding food and energy prices, rose 0.4% month-on-month in December, while economists had predicted a 0.3% increase. The core PCE inflation rate rose 3% year-on-year, up from 2.8% in November.

According to Jinshi News, after the release of the latest economic data, U.S. short-term interest rate futures showed little change, with traders still betting that the Federal Reserve will cut rates in June.

Former President Trump posted on the Truth platform, stating that the government shutdown caused by the Democrats led to a decrease in the U.S. GDP by at least two percentage points. This is why they are now trying to repeat the same old tricks on a smaller scale. Don't let the government shut down again! Also, lower the interest rates. Powell is the worst.

According to The Block, the White House held a third closed-door meeting on Thursday, inviting representatives from the crypto industry to discuss the stablecoin reward mechanism with banking groups. The meeting lasted for several hours and was described by attendees as a "constructive dialogue," but no final compromise has been reached.Ji Hun Kim, CEO of the Crypto Council for Innovation, stated that the meeting advanced the framework building based on previous discussions, aiming to enhance U.S. competitiveness while protecting consumers. Coinbase's Chief Legal Officer Paul Grewal also described the discussions as "cooperative in tone and constructive," suggesting that negotiations will continue.The stablecoin holding reward mechanism is a key point of contention in the current crypto market structure legislation. Sources revealed that the White House proposed some principled plans allowing companies to offer rewards based on specific activities or account balances, but the banking sector remains cautious. It is still uncertain whether a next round of meetings will be held. Attending organizations included Ripple, the Blockchain Association, the Crypto Council for Innovation, and several major banking associations.

According to Jinshi, Fed's Daly stated that the labor market conditions have improved after a 75 basis point rate cut.

According to Jinshi reports, ECB's De Marco stated that if inflation remains below 2%, it may be necessary to consider lowering interest rates.

According to CoinDesk, BTC is set to decline for the fifth consecutive week, marking the longest losing streak since 2022.At the same time, BTC is facing a fifth consecutive month of decline, which is the second longest losing streak in history, only behind the six-month downturn from 2018 to 2019.

According to The Block, South Korean prosecutors have recovered approximately $21.4 million worth of Bitcoin (BTC) that was previously stolen from their custody last year.In December last year, South Korean prosecutors discovered that the Bitcoin seized during a raid on a gambling platform had gone missing. An internal investigation revealed that in August this year, investigators accidentally accessed a phishing website and entered their recovery mnemonic, leading to the Bitcoin being stolen by hackers.The hacker returned 320.8 BTC to a wallet controlled by South Korean law enforcement on Tuesday. Prosecutors stated that they had previously blocked the hacker's transactions on centralized exchanges, making it difficult for them to cash out the Bitcoin. The hacker's identity remains unknown. Prosecutors have transferred the returned Bitcoin to a local exchange for safekeeping and will continue to investigate the hacker's identity.

According to Jinshi reports, Federal Reserve officials showed little willingness to cut interest rates at last month's meeting, with most wanting to see more progress on inflation before considering further rate cuts. Additionally, although two officials opposed the decision to keep rates unchanged and favored a rate cut at the January meeting, the minutes indicated that other officials supported using more neutral language, describing the outlook for rate cuts or hikes as balanced.

According to Jinshi reports, the Federal Reserve's meeting minutes show that a minority of participants tend to favor a rate cut in January.

According to Jinshi, Kevin Hassett, the Director of the National Economic Council at the White House, stated that we believe the Federal Reserve has a lot of room to cut interest rates.

According to Jin Ten, Federal Reserve Governor Barr stated that evidence is needed to show that commodity price inflation is consistently declining before further rate cuts.

According to Jinshi reports, Federal Reserve Governor Barr stated that the artificial intelligence boom is unlikely to lead to a rate cut by the Federal Reserve.

According to Jinshi News, Fed's Goolsbee stated that if inflation continues to fall back to the target level of 2%, there may be further rate cuts this year. He warned that inflation in the service sector remains high and noted that if price increases related to tariffs are temporary, policymakers will have some leeway. Goolsbee believes that if it can be demonstrated that inflation is returning to the 2% trajectory, there could be several rate cuts in 2026, but it still needs to be observed. He hopes to see evidence that interest rates are falling back to 2% in order to continue cutting rates.

According to Bloomberg, cryptocurrency exchange Gemini Space Station Inc. announced on Tuesday that its Chief Operating Officer, Chief Financial Officer, and Chief Legal Officer will leave the company immediately.Documents submitted by Gemini to the Bloomberg Terminal show that executives Marshall Beard, Dan Chen, and Tyler Meade are leaving the company effective immediately. Notably, Marshall Beard, who also served as a member of the Gemini board, has resigned from his board position as well, and the company stated that his departure is not due to any disagreements with the company.

According to Jinshi News, the US dollar has risen slightly for the second consecutive trading day, completely ignoring the market's expectation of about three interest rate cuts by the Federal Reserve this year. The options market shows that recent bearish sentiment towards the dollar has eased, with the front-end risk reversal indicator dropping to its lowest negative level in nearly a month. Some strategists believe that the expectations for interest rate cuts are excessive and may exceed the reasonable range supported by data, increasing the risk of a dollar rebound. Elias Haddad, Global Head of Market Strategy at Brown Brothers Harriman, stated that economic growth is strong and inflation levels remain above the Federal Reserve's 2% target.

According to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium for 33 consecutive days, currently reported at -0.0477%, setting the longest "consecutive negative" record since 2023, surpassing the approximately 30 days of consecutive negative premium during the "1011 crash."The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decline in investor risk appetite, heightened market risk aversion, or capital outflows.

According to Decrypt, if Bitcoin closes lower, it will record its fifth consecutive month of decline, setting the longest losing streak since the 2018 bear market. The current decline has reached 13.98%. Since its all-time high, Bitcoin has accumulated a decline of 52.44%, just 3.82 percentage points away from the maximum drawdown of the 2018 bear market, taking only 123 days.The total market capitalization of the overall cryptocurrency market is reported at $2.33 trillion, down 1.33% in the past 24 hours. Although the Fear and Greed Index has risen from 8 to 12, it remains in the "extreme fear" range. The prediction market Myriad traders currently bet that Bitcoin is more likely to reach $55,000 before $84,000, with a probability of 60%.Technical analysis shows that Bitcoin's price is still operating below the 200-day Exponential Moving Average (EMA200), and the EMA200 is below the EMA50, indicating that bearish momentum is dominant. The Relative Strength Index (RSI) is at 34.7, in the bearish range; the Average Directional Index (ADX) has reached 56.4, indicating a strong current downtrend.Analysis points out that to reverse the trend, Bitcoin needs to reclaim the $100,000 level or form a structural reversal pattern with consistently higher lows. Currently, the market still appears to be in a historically prolonged downtrend phase.