The Federal Reserve’s December policy meeting minutes reveal that U.S. economic activity remains robust, with a slightly eased labor market but unemployment still at low levels. Inflation has moderated but remains above target. The Fed will continue reducing its holdings of Treasury securities, agency debt, and mortgage-backed securities while maintaining a cautious approach to further monetary policy adjustments. — link : Wu Blockchain News
Board of Governors of the Federal Reserve System
FOMC Minutes, December 17-18, 2024
The Federal Reserve Board of Governors in Washington DC.
The criminal fraud trial of Terraform Labs co-founder and former CEO Do Kwon is tentatively scheduled for January 2026 in the U.S., allowing time to process 6TB of data during discovery. At an initial hearing in Manhattan, prosecutors cited delays due to decrypting four phones provided by Montenegrin authorities and translating materials from Korean. — link : Wu Blockchain News
Coindesk
Do Kwon Criminal Trial Set for 2026 as Lawyers Deal with ‘Massive’ Trove of Evidence
Prosecutors are currently working to unlock four of Kwon’s cell phones provided by Montenegrin authorities.
Oklahoma Senate Bill 325 proposes allowing state employees, businesses, and individuals to use Bitcoin for payments and compensation while exempting certain digital asset firms from money transmitter licensing requirements. The bill directs the State Treasurer to contract with a Bitcoin payment processor by January 1, 2026, and requires the Tax Commission to issue tax guidance for digital asset payments by the same date. If passed, the bill will take effect on November 1, 2025. — link : Wu Blockchain News
The NFT series backed by US President-elect Donald Trump has launched its first 160 pieces on the Bitcoin network using the Ordinals protocol, called "Trump Bitcoin Digital Trading Cards." Users who receive 100 NFT cards from the "Mugshot Edition" are eligible to claim them through the NFT marketplace Magic Eden after submitting their Bitcoin wallet. — link : Wu Blockchain News
CryptoSlate
Trump-inspired digital cards debut on Bitcoin via Ordinals
The cards are available on Magic Eden for users who bought the "Mugshot Edition" NFTs.
Two U.S. public companies announced plans to buy large amounts of Bitcoin. Thumzup Media, a Los Angeles-based social media marketing company, announced its first purchase of Bitcoin for about $1 million, planning to put 90% of its liquid assets into Bitcoin. The company also plans to start paying contract workers in Bitcoin. KULR Technology Group in San Diego bought $21 million worth of Bitcoin, bringing its total holdings to $42 million. — link : Wu Blockchain News
Decrypt
Two More Public Companies Just Added Bitcoin to Their Balance Sheets - Decrypt
Publicly traded Thumzup Media made its first Bitcoin buy this week, while KULR added more of the top cryptocurrency to its balance sheet.
Trump is considering at least six candidates for the CFTC chairmanship to promote his promised crypto-friendly regulatory environment. Candidates include CFTC Commissioner Summer Mersinger, a16z crypto policy head Brian Quintenz, former Kraken chief legal officer Marco Santori, as well as Republican Commissioner Caroline Pham, former CFTC senior officials Neal Kumar and Josh Sterling. — link : Wu Blockchain News
Fox Business
Crypto industry awaits Trump's CFTC chair pick as Behnam announces exit
The Trump transition team has vetted at least half a dozen potential candidates to run the Commodity Futures Trading Commission, with two front-runners emerging.
Grayscale made portfolio adjustments to multiple funds on January 6, 2025: Grayscale Decentralized AI Fund added Livepeer (LPT); Grayscale Decentralized Finance (DeFi) Fund added Curve (CRV) and removed Synthetix (SNX); Grayscale Digital Large Cap Fund added Cardano (ADA) and removed Avalanche (AVAX); Grayscale Smart Contract Platform Ex-Ethereum Fund added Sui (SUI). — link : Wu Blockchain News
GlobeNewswire News Room
Grayscale Investments® Announces Rebalancing of Multi-Asset Funds for Fourth Quarter 2024
STAMFORD, Conn., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Grayscale Investments®, an asset management firm with expertise in crypto investing, offering more...