Sei token jumped after the network announced a partnership with Xiaomi to pre- 
install a Sei crypto wallet on new smartphones sold across major global 
markets.

Sei token rises on Xiaomi partnership for pre-installed crypto wallets

Swissborg announced a partnership with Mastercard to launch a crypto debit 
card in 2026, enabling users in 30 countries to spend digital assets at over 
150 million locations worldwide. Global Rollout and Acceptance Crypto trading 
platform Swissborg announced on Dec. 10 a landmark partnership with Mastercard 
to launch a crypto debit card designed to seamlessly […]

Swissborg Partners With Mastercard to Launch Crypto Debit Card Across 30 Countries

ChronoForge’s shutdown highlights mounting financial strain across Web3 gaming 
as shrinking budgets and dismal market sentiment take their toll.

ChronoForge to shut down amid funding collapse and Web3 gaming turmoil

In a move that could signal a bullish shift for Bitcoin (BTC) and the broader 
cryptocurrency market, the Federal Reserve (Fed) announced a 25 basis points 
(bps) interest rate cut, bringing the new rate range to 3.5% to 3.75%. Bitcoin 
Poised To Surge Toward $100,000? Kevin Hassett, the White House economic 
adviser and a leading candidate to become the next Fed chair, commented to the 
Wall Street Journal CEO Council that there is &#8220;plenty of room&#8221; for additional 
interest rate cuts. He stated, “If the data suggests that we could do it, then 
— like right now, I think there’s plenty of room to do it.” Hassett, who is 
President Donald Trump&#8217;s preferred choice for the Fed chair position after 
Jerome Powell’s tenure concludes, has been critical of Powell for being &#8220;too 
late&#8221; in lowering rates. Related Reading: Crypto Market Structure Talks: 
Senator Lummis Addresses Latest Legislation Plans While the last rate cut in 
October had minimal impact on the Bitcoin price, analyst Michael van de Poppe 
believes that the current rate cut could significantly benefit the 
cryptocurrency. He characterized it as a &#8220;great move&#8221; for Bitcoin and noted 
that a breakout above $92,000 might be indicative of future bullish momentum. 
Van de Poppe expressed optimism about Bitcoin&#8217;s ability to maintain the 
support level between $91,500 and $92,000, suggesting that if it does, there 
could be a pathway for Bitcoin to approach the $100,000 mark. Can BTC Avoid 
Historical 10% Decline? Market expert Ash Crypto pointed out that 
historically, each of the last four times the Fed slashed rates by 25 bps, 
Bitcoin experienced a 5% to 10% decline shortly thereafter. Despite this 
pattern, Ash noted that the current market setup differs from previous 
scenarios, suggesting that different dynamics could be at play. Related 
Reading: Ethereum Price Climbs Toward $3,300 For The First Time Since 
November: What’s Driving The Surge? Several positive factors underpinning this 
optimism include the conclusion of quantitative tightening (QT) after a three- 
year period. Should Powell hint at the possibility of quantitative easing (QE) 
in his forthcoming remarks, it could spur a further bullish trend in the 
market. Additionally, with this being the third rate cut, Ash asserted that 
there is potential for increased liquidity to flow back into the markets, 
which historically benefits risk assets like Bitcoin. Featured image from 
DALL-E, chart from TradingView.com

Bitcoin Outlook Post Fed’s 0.25% Rate Cut: Historical Patterns And Predictions

Crypto analyst Bull Theory has explained why the Bitcoin price has been 
crashing recently. The analyst pointed out that Wall Street traders were 
responsible for the price declines, indicating that these trading desks were 
manipulating the market for their own benefit. Analyst Explains Why The 
Bitcoin Price Is Crashing In an X post, Bull Theory blamed Jane Street for the 
Bitcoin price’s constant crash at 10 a.m. ET when the U.S. market opens. The 
analyst pointed out that BTC erased 16 hours of gains in just 20 minutes after 
the U.S. market opened. This has notably been happening since early November, 
when the flagship crypto fell below $100,000. Meanwhile, a similar price 
action also played out in the second and third quarters of this year. Related 
Reading: Confirming The Bitcoin Price Direction: Analyst Reveals What You 
Should Look Out For Bull Theory noted that another analyst, Zerohedge, has 
claimed that Jane Street is most likely the entity responsible for this 
Bitcoin price crash. The analyst stated that the chart shows a pattern that is 
too consistent to ignore, with a clean wipeout within an hour of the market 
opening, followed by a slow recovery. He added that this is classic high- 
frequency execution and that it fits Jane Street’s profile. Bull Theory stated 
that Jane Street is one of the largest high-frequency trading firms in the 
world and that they have the speed and liquidity to move markets for a few 
minutes. The analyst claimed that their behavior is simple: dump BTC at the 
market open, push the Bitcoin price into liquidity pockets, and then re-enter 
at a lower price. By doing this, the analyst claimed that Jane Street has 
accumulated billions in BTC. The trading firm is said to hold $2.5 billion 
worth of BlackRock’s Bitcoin ETF, which is its 5th-largest position. Bull 
Theory added that this means most of the dump in the Bitcoin price isn’t due 
to macro weakness but manipulation by this entity. He expects that BTC will 
continue its upward momentum once these big players are done buying. Bitcoin 
At Risk Of A Decline Post-FOMC Crypto analyst Ali Martinez indicated that the 
Bitcoin price was at risk of a significant decline following today&#8217;s FOMC 
meeting. He pointed out that BTC has consistently reacted negatively to FOMC 
meetings, with six out of seven meetings this year leading to corrections for 
the flagship crypto. Related Reading: Bitcoin RSI Shows Shocking Similarities 
To 2012-2015, But What Happened Last Time? The Bitcoin price had rallied to as 
high as $94,500 yesterday in anticipation of a third rate cut this year from 
the Fed. According to CME FedWatch, there is currently a 90% chance that the 
Fed will lower rates by 25 basis points (bps). A CryptoQuant report noted how 
these rate cuts have turned out to be a ‘sell the news’ event on the two 
occasions the Fed lowered rates this year, with the probability of this price 
action playing out again. At the time of writing, the Bitcoin price is trading 
at around $92,600, down in the last 24 hours, according to data from 
CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

Cryptocurrency price in BMD