Daily Market Wrap | Dec. 11

Hot Topics

• Fed cuts rates 0.25% for the third consecutive time, signals one 2026 cut amid job weakness and sticky inflation.
• State Street and Galaxy to launch tokenized SWEEP liquidity fund on Solana in early 2026, seeded by $200M from Ondo.
• UK FCA prioritizes stablecoin payments for 2026, finalizing rules with BoE and opening sandbox applications by Jan 18.

Market Updates

• Trump brothers' American Bitcoin adds 416 BTC ($38M) to holdings, reaching 4,783 BTC total as of Dec 8.
• Stripe acqui-hires Valora's team to boost blockchain and stablecoin efforts.