1. Fed December Meeting Minutes: Inflation remains above target, downside risks to employment rise.
The minutes of the Federal Reserve's December meeting showed that U.S. real GDP has grown moderately this year, the labor market has continued to cool, and wage growth is roughly the same as the same period last year. Economic activity was solid in the third quarter, but the average growth rate for the first three quarters of this year remained moderate, lower than the previous forecast for 2024. The government shutdown is expected to drag down short-term GDP. Staff expect that as financial conditions improve and the impact of tariffs gradually diminishes, economic growth will be slightly above potential after 2025, the unemployment rate will gradually decline, and inflation will return to 2% in 2028 after short-term pressure, but overall uncertainty remains high. Participants generally believed that inflation risks remain tilted to the upside, while labor market-related risks are tilted to the downside.
2. Initial jobless claims in the U.S. for the week ending December 27 were 199,000, compared to an expected 220,000.
The number of Americans filing for initial jobless claims for the week ending December 27 was 199,000, the lowest since the week ending November 29, compared with expectations of 220,000 and a revised figure of 215,000 for the previous week (originally 214,000).
3. Data: Among public blockchains, Ethereum has performed the best in terms of net fund inflows since 2025, with a net inflow of approximately $4.2 billion.
In terms of net fund inflows across public blockchains since 2025, Ethereum has performed the best, with a net inflow of approximately $4.2 billion, ranking first. Following Ethereum are Hyperliquid, Sonic, WorldChain, and Solana, among others. Meanwhile, several chains have experienced significant fund outflows, with Arbitrum experiencing the largest net outflow, followed by Unichain and BNB Chain.
4. Vitalik: Technological diffusion and decentralization strategies can address excessive concentration of power.
Ethereum co-founder Vitalik Buterin published an article titled "Balance of Power," discussing the power balance among governments, large corporations, and civil society in modern society. Vitalik argues that preventing excessive concentration of power is crucial to preventing social crises when driving technological, economic, and cultural progress globally. He emphasizes that strategies of technological diffusion and decentralization can effectively address this issue and calls on more businesses and projects to focus on decentralized models to avoid excessive power concentration, ensure fair competition among all parties, and promote multipolar development.
5. Bitwise submitted applications for 11 cryptocurrency ETFs to the U.S. SEC on December 30.
On December 30th, Bitwise filed applications with the U.S. Securities and Exchange Commission (SEC) for 11 cryptocurrency ETFs, including the Bitwise AAVE Strategy ETF, Bitwise UNI Strategy ETF, Bitwise ZEC Strategy ETF, Bitwise CC Strategy ETF, Bitwise ENA Strategy ETF, Bitwise Hyperliquid Strategy ETF, Bitwise NEAR Strategy ETF, Bitwise STRK Strategy ETF, Bitwise SUI Strategy ETF, Bitwise TAO Strategy ETF, and Bitwise TRX Strategy ETF. These ETFs will invest 60% of their assets directly in the underlying cryptocurrencies and 40% in ETPs (Enterprises Transfer Protocols) that invest in those cryptocurrencies.
