Wu's Daily Selected Crypto News - Federal Reserve December Meeting Minutes: Inflation Remains Above Target, Downside Employment Risks Increase

1. Federal Reserve December Meeting Minutes: Inflation Remains Above Target, Employment Risks Rise

The Federal Reserve’s December meeting minutes show that this year, the US real GDP has grown modestly, the labor market continues to cool, and wage growth is roughly the same as last year; economic activity in the third quarter was solid, but the average growth rate in the first three quarters remains moderate, below previous expectations for 2024. A government shutdown is expected to weigh on short-term GDP. Staff anticipate that as financial conditions improve and the impact of tariffs gradually diminishes, economic growth after 2025 will be slightly above potential, the unemployment rate will gradually decline, and inflation will return to 2% by 2028 after short-term pressure, but overall uncertainty remains high. Participants generally believe that inflation risks are skewed to the upside, while labor market-related risks are skewed to the downside.

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2. US Initial Jobless Claims for the Week Ending December 27: 199,000, Expected 220,000

US initial jobless claims for the week ending December 27 totaled 199,000, the lowest since the week ending November 29, surpassing expectations of 220,000. The previous figure was revised from 214,000 to 215,000.

3. Data: Since 2025, Ethereum has the strongest net capital inflow among public blockchains, approximately $4.2 billion

Since 2025, Ethereum has shown the strongest net capital inflow among public blockchains, with approximately $4.2 billion, ranking first. Following are Hyperliquid, Sonic, WorldChain, Solana, and others. Meanwhile, several chains experienced significant capital outflows, with Arbitrum having the largest net outflow, followed by Unichain, BNB Chain, and others.

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4. Vitalik: Strategies of Technological Diffusion and Decentralization Can Address Excessive Concentration of Power

Ethereum co-founder Vitalik Buterin published an article titled “Balance of Power,” discussing the issue of power balance among governments, large corporations, and civil society in modern society. Vitalik suggests that promoting technological, economic, and cultural progress globally must include measures to prevent excessive concentration of power, which is key to avoiding social crises. He emphasizes that strategies of technological diffusion and decentralization can effectively address this issue and calls on more companies and projects to focus on decentralized models to prevent excessive power concentration, ensuring fair competition and promoting multipolar development.

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5. Bitwise Submitted Applications for 11 Cryptocurrency ETFs to the US SEC on December 30

Bitwise submitted applications for 11 cryptocurrency ETFs to the US SEC on December 30, including Bitwise AAVE Strategy ETF, Bitwise UNI Strategy ETF, Bitwise ZEC Strategy ETF, Bitwise CC Strategy ETF, Bitwise ENA Strategy ETF, Bitwise Hyperliquid Strategy ETF, Bitwise NEAR Strategy ETF, Bitwise STRK Strategy ETF, Bitwise SUI Strategy ETF, Bitwise TAO Strategy ETF, and Bitwise TRX Strategy ETF. These ETFs’ investment strategies involve directly investing 60% of assets in related underlying cryptocurrencies and 40% in ETPs that invest in those cryptocurrencies.

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