1. US CPI year-on-year for November is 2.7%, expected 3.1%. The core CPI year-on-year unexpectedly fell to the lowest level since March 2021.
2. Yesterday, the net inflow for Bitcoin spot ETF was $459.24 million. The total net outflow for Ethereum spot ETF yesterday was $22.4264 million, marking five consecutive days of net outflows. The total net inflow for Solana spot ETF yesterday was $10.99 million.
3. CryptoQuant data shows that the supply of Ethereum on exchanges has fallen to its lowest level since 2016, indicating increased caution among traders and reduced short-term selling pressure.
4. The Federal Reserve has rescinded its 2023 guidance and relaxed restrictions on uninsured banks participating in cryptocurrency business.
5. Morgan Chase has deployed its digital deposit token JPM Coin on the Base blockchain under Coinbase, marking the first large-scale access to the public chain ecosystem for this Wall Street giant. JPM Coin differs from stablecoins, as it is a digital representation of bank deposits with interest, limited to transfers among whitelisted users.
6. National bank SoFi has launched the dollar stablecoin SoFiUSD, which is currently live on Ethereum. SoFi states that it can hold cash reserves in Federal Reserve accounts, share profits, and supports partner white-label issuance or direct access to settlement and payment processes. This stablecoin will also be used for card networks, retail settlements, SoFi Pay cross-border remittances, and POS payments.
7. Influenced by the Federal Reserve's interest rate cut on December 10 and new FASB regulations, crypto assets primarily consisting of Bitcoin and Ethereum recorded a net inflow of $2.6 billion over the past two weeks, marking a seven-week high.
