[Federal Reserve FOMC Statement: Will Consider the Magnitude and Timing of Further Adjustments]
On December 11, the Federal Reserve FOMC statement indicated that it will consider the magnitude and timing of further adjustments.
The unrealized losses of the cryptocurrency ecosystem have recently climbed to approximately $350 billion. Among them, Bitcoin has unrealized losses of approximately $85 billion. With multiple on chain indicators showing a comprehensive contraction in liquidity, the market may enter a high volatility mechanism in the coming weeks. (glassnode)
[US SEC Chairman: Cryptocurrency Working Group to Hold Roundtable on December 15]
Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), announced that the Cryptocurrency Working Group will hold a roundtable on Monday, December 15, to discuss policy issues related to financial monitoring and privacy. The event will be held in person and live-streamed on the SEC's official website.
'Machi' deposited $100,000 into Hyperliquid one hour ago to supplement margin, lowering the liquidation price to $3,130. Additionally, 'Machi' increased their Ethereum long position again, bringing the current position to 5,300 ETH, with a position value of approximately $16.756 million. Earlier tonight, 'Machi's Ethereum long position was partially liquidated again, with a liquidation size of 1,200 ETH.
[The U.S. Bureau of Labor Statistics to Release December PPI Data on January 30]
The U.S. Bureau of Labor Statistics announced on December 12 that it will release the U.S. December PPI data on January 30.