Odaily Planet Daily reports that Federal Reserve Chairman Williams stated that a cooling labor market and easing inflation risks provided a basis for the Fed's decision to cut interest rates last week. This was Williams' first public comment on last week's rate cut. He stated that he is increasingly convinced that price increases will continue to slow. Williams said that inflation is "temporarily hovering" above the Fed's target, but he believes that inflation may continue to decline as the effects of tariffs are absorbed by the broader economic system next year. At the same time, he stated that while the employment situation has not deteriorated sharply, it is gradually cooling, as reflected in official data and consumer and business surveys. Williams stated that, taken together, these changes in pressure on the Fed's two main economic goals supported last week's rate cut decision. (Jinshi)

In the past hour, total liquidations across the network reached $213.02 million, with $204.80 million from long positions, with $8.23 million from short positions. BTC liquidation $70.54 million, ETH liquidation $69.71 million.

According to Odaily Planet Daily, Federal Reserve Chairman Williams stated that the interest rate cut means policy is well-positioned to enter 2026, with GDP growth projected at 2.25% in 2026, significantly higher than the 2025 growth rate. The Fed's policy has shifted from mild tightening to neutral. (Jinshi)

According to Odaily Planet Daily, based on monitoring by on-chain analyst Yu Jin, with ETH falling below the $3,000 mark, the "1011 insider whale's" $700 million long positions are currently showing a floating loss of $38.45 million. Specifically, the long positions of 191,000 ETH ($573 million), opened at $3,167, are showing a floating loss of $31.17 million; the long positions of 1,000 BTC ($86.81 million), opened at $91,506, are showing a floating loss of $4.69 million; and the long positions of 250,000 SOL ($31.79 million), opened at $137.5, are showing a floating loss of $2.59 million.

According to data from the prediction market Kalshi, Kevin Warsh's probability of being elected Federal Reserve Chairman has surpassed that of Kevin Hassett, with Warsh currently holding a 49% chance and Hassett a 48% chance. Another candidate, Christopher Waller, has a 4% approval rating. Previously, Hassett's Fed candidacy faced obstacles due to his relationship with Trump, raising concerns about the Fed's independence. Against this backdrop of concerns, Warsh's rise in approval ratings has prompted a rapid market reaction.