Daily Hotspot Review - December 11

▰ Binance Co-CEO He Yi responded that the Binance editor has already sent one in and is investigating another, both related to profit from the misuse of power.

▰ Early this morning, the Federal Reserve announced a 25 basis point rate cut while resuming the purchase of short-term government bonds (expanding the balance sheet). To translate, the Federal Reserve buying government bonds > equals central banks printing money > giving money to the market > more money in the market > increased liquidity > more loosening. After today's rate cut news came out, the market rose and then fell; personally, I feel the market has actually digested the benefits of the rate cut in advance...

▰ OKX X Launch has introduced two new projects (SentismAI & BeatSwap), activity participation requirements: balance ≥ $200 + minimum trading volume ≥ $600, the trading volume requirement has been raised a bit compared to before, so if you meet the conditions, remember to claim.

▰ Fogo announced it will conduct a new issuance at a valuation of $1 billion, an outdated SVM Layer 1 concept; this valuation seems to have been thought up on a whim...

▰ The airdrops sent to Kaito Eco from Cysic (CYS) and Talus (US) are just a drizzle; since November, Kaito Eco has had almost no decent airdrops...

▰ Today, a batch of X accounts were banned, likely because the system determined they did not appear to be real users, resulting in the bans.

In closing, I wish everyone great wealth!