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a16z "Big Ideas for 2026: Part Two"
a16z "Big Ideas for 2026: Part Two"

Software has eaten the world. Now, it will drive the world forward.

Block unicorn·2025/12/11 20:42
When the Federal Reserve "cuts interest rates alone" while other central banks even start raising rates, the depreciation of the US dollar will become the focus in 2026.
When the Federal Reserve "cuts interest rates alone" while other central banks even start raising rates, the depreciation of the US dollar will become the focus in 2026.

The Federal Reserve has cut interest rates by 25 basis points as expected. The market generally anticipates that the Fed will maintain an accommodative policy next year. Meanwhile, central banks in Europe, Canada, Japan, Australia, and New Zealand mostly continue to maintain a tightening stance.

ForesightNews·2025/12/11 19:32
From MEV-Boost to BuilderNet: Can True MEV Fair Distribution Be Achieved?
From MEV-Boost to BuilderNet: Can True MEV Fair Distribution Be Achieved?

In MEV-Boost auctions, the key to winning the competition lies not in having the most powerful algorithms, but in controlling the most valuable order flow. BuilderNet enables different participants to share order flow, reshaping the MEV ecosystem.

ChainFeeds·2025/12/11 19:12
Flash
  • 22:46
    The US FSOC annual report removes the cryptocurrency risk warning.
    Jinse Finance reported that the Financial Stability Oversight Council (FSOC) has completely removed references to digital assets as a "vulnerability" to the financial system in its latest annual report. Treasury Secretary Scott Bessent stated that the new committee no longer focuses primarily on "identifying risks to the financial system," but instead emphasizes the role of long-term economic growth in supporting financial stability. Unlike the Biden administration, which emphasized stablecoin regulation and crypto risks, the 2025 FSOC report under the Trump administration has been significantly shortened and no longer makes any regulatory recommendations regarding crypto assets. The report notes that regulators have withdrawn previous broad warnings to regulated financial institutions about participating in the crypto sector and highlights the positive development of the digital asset industry, while also mentioning that risks of misuse of US dollar stablecoins still require attention. The report also points out that the continued growth of US dollar-denominated stablecoins is expected to strengthen the dollar's position in the global financial system over the next decade.
  • 22:11
    Vanguard focuses on blockchain technology but remains cautious about bitcoin
    According to Jinse Finance, at the "ETFs in Depth" crypto panel discussion, John Ameriks from Vanguard stated that blockchain technology itself is very attractive to companies, as it enables faster settlement, improves collateral efficiency, and reduces costs. He raised the question: "Is there a way to use only blockchain without involving cryptocurrency?" At the same time, he pointed out that if asset tokenization cannot become mainstream, then bitcoin is just a "digital toy" to him.
  • 21:59
    Market Analysis: Federal Reserve Approves Reappointment of 11 Regional Fed Presidents, White House Influence Concerns Temporarily Alleviated
    Jinse Finance reported that analyst Matt Grossman stated that some Federal Reserve watchers had previously worried that Fed governors aligned with Trump's stance might attempt to block the reappointment of certain regional Fed presidents for new five-year terms, thereby helping the White House gain more influence over the Fed's policy committee. The Fed announced on Thursday that the reappointments of 11 individuals have already been processed, eliminating the risk that the White House might push for the appointment of presidents more aligned with its position at regional Feds. Atlanta Fed President Raphael Bostic was not reappointed because he is about to retire. Bostic announced his retirement plans last month; in the eyes of some observers, his prospects for reappointment were overshadowed by his disclosure three years ago of failing to comply with senior officials' personal financial transaction rules.
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