[Fed December Rate Cut Expectations Cool, Traders Adjust Market Pricing] After the U.S. Bureau of Labor Statistics confirmed it would not release the October employment report, traders now anticipate that the Federal Reserve is more likely to pause rate cuts at its December policy meeting. The federal funds futures market saw a sell-off, with traders reducing expectations for a 25-basis-point rate cut at the December 10 meeting, instead projecting the benchmark rate to remain in the 3.75% to 4% range. The swaps market, which is tied to the Fed's policy rate, priced in a 6-basis-point rate cut for the December meeting and a cumulative 19-basis-point cut by January. Lord Abbett portfolio manager Leah Traub stated that the unemployment rate data for November will only be released after the Fed meeting, which reduces the likelihood of a rate cut.

The BlackRock Bitcoin ETF suffered a daily loss of $532 million (Decrypt) due to the continuous decline in BTC prices.

[Polymarket Data Shows Probability of Two Fed Rate Cuts in 2025 Rises to 65%] Polymarket data shows that the probability of 'two Fed rate cuts in 2025' has risen to 65%, with the trading volume for the related prediction event reaching $24.38 million.

Coinbase’s potential move into prediction markets would arrive just as Polymarket accelerates its U.S. return and adds major mainstream partners.The timing of the leaked interfaces aligns with Coinbase’s Dec. 17 “System Update” event, where the exchange says it will unveil new products and business updates.

[Trump says U.S.-Saudi investment forum signs $270 billion agreement] Trump stated that the U.S.-Saudi investment forum is signing agreements and sales contracts worth a total of $270 billion, which is the latest announcement he made during the Saudi Crown Prince's visit to Washington this week. Trump expressed gratitude for these agreements bringing jobs and opportunities to the United States and mentioned that General Aviation will deliver dozens of new engines. The full detailed list of agreements has not yet been disclosed.