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Quick Take Ethena is launching a new stablecoin backed by BlackRock’s BUIDL fun. The token, USDtb, is part of the project’s effort to diversify its offerings.
Quick Take MicroStrategy has purchased another 15,350 BTC for approximately $1.5 billion at an average price of $100,386 per bitcoin. The latest acquisitions follow MicroStrategy’s sale of 3,884,712 shares for a similar amount.
Quick Take Analysts anticipate a 25 basis-point rate cut from the U.S. Federal Reserve at Wednesday’s FOMC meeting. While lower rates typically boost risk assets like bitcoin, the Fed’s accompanying commentary and economic projections at Wednesday’s meeting may temper expectations for further cuts amid persistent inflation concerns, analysts said.
Quick Take Ripple set Tuesday, Dec. 17, as the launch date for its RLUSD stablecoin. The company will enlist an independent auditing firm to create attestations of RLUSD reserve assets and then publish them monthly.
Quick Take Hyperliquid has seen $1 billion net inflows of USDC into its network since the launch of its native token Hype. The price of Hype surged more than 590% since its launch. Hyperliquid also announced Monday that it has reached a new all-time high in open interest of above $4.3 billion.
- 02:0011.25 million LINK were unlocked and transferred out from Chainlink's 3 non-circulating supply addresses, equivalent to approximately 258.14 million US dollarsAccording to on-chain analysts, the quarterly unlocking of Chainlink took place 3 hours ago: 11.25 million LINK ($258.14 million) were unlocked and transferred out from three non-circulating supply addresses of Chainlink. Of these, 10.625 million LINK ($243.82 million) was transferred to Binance, and 625 thousand LINK ($14.32 million) went to the multi-signature address 0xD50...8Af. Every three months, about 10-20 million LINK are unlocked from Chainlink's non-circulating supply addresses. Most of this is directly transferred into CEX, with a small portion going to the address 0xD50...8Af (some of the LINK that goes to this address enters a contract for distributing staking rewards). Since 2022, approximately 144.65 million LINK ($1.548 billion) have been unlocked in this way and flowed into CEX at an average price of $10.7 per token transfered out . Despite large amounts of LINK being unlocked quarterly and flowing into CEX, there has not been any significant impact on the price each time after transferring into CEX.
- 01:56The usage scale of the Federal Reserve's RRP drops to less than 100 billion US dollarsThe Federal Reserve accepted a total of $98.356 billion from 45 counterparties in fixed-rate reverse repo operations, marking the first time it has fallen below $100 billion since April 2021. At the end of September 2022, the scale once reached as high as $2.426 trillion.
- 01:55Arkham: The holding value of FARTCOIN at Truth Terminal has exceeded 25 million US dollarsArkham monitoring data shows that Truth Terminal's holdings of Fartcoin (FARTCOIN) have now exceeded 25 million US dollars. This internet knowledge-trained robot currently holds AI tokens worth 40 million US dollars. Its largest holding is FARTCOIN, which has just surpassed 25 million US dollars. When it first received FARTCOIN, its value was only 40 thousand US dollars.
