The Trump family is in negotiations to invest in the cryptocurrency exchange Binance

[Probability of the Federal Reserve keeping interest rates unchanged rises to 66%, crypto market experiences short-term plunge] Polymarket data shows that the probability of the Federal Reserve keeping interest rates unchanged in December has risen to 66%, with total trading volume in this market reaching $119 million. Market data indicates that BTC briefly fell below $89,000, ETH dropped below $1,900, and $163 million was liquidated across the network in the past hour, primarily from long positions.

[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.