The Federal Reserve lowered the federal funds rate by 25 bps to 3.50%–3.75%, its third consecutive cut. Markets read the move as a “hawkish cut,” with updated projections pointing to just one reduction in 2026 and growing dissent on the committee. Equities initially firmed, the dollar weakened, and risk assets whipsawed as investors recalibrated expectations for policy in 2026. The decision underscores a delicate balance between a cooling labor market and still-elevated inflation.
Source: FinanceFeeds
Gemini wins CFTC license to launch U.S.-regulated prediction market (and more)
Gemini Titan secured a Designated Contract Market license from the CFTC, clearing it to list binary event contracts for U.S. customers and potentially expand into crypto futures, options, and perps. The approval positions Gemini to compete directly with Kalshi and other regulated event-contract venues as institutional interest in prediction markets grows. The license also provides a pathway for broader, regulated crypto derivatives in the U.S. under the current policy tone.
Source: FinanceFeeds
MSCI faces pushback over plan to exclude bitcoin-treasury companies from benchmarks
Strategy urged MSCI to drop a proposed 50% digital-asset threshold that could force bitcoin-treasury firms out of key global indexes. The firm argues the rule would create inconsistent outcomes based on accounting regimes and inject volatility into index membership as crypto prices swing. A January decision could affect billions in passive flows, with implications for how public companies holding digital assets are represented in mainstream equity benchmarks.
Source: FinanceFeeds
Musk confirms SpaceX IPO plans as $1.5T valuation target looms
SpaceX is preparing for an IPO that could value the company at around $1.5 trillion, according to multiple reports, cementing one of the largest listings in history. A successful offering would be a windfall for early investors—Alphabet among them—and could reshape mega-cap tech exposure for public equity portfolios. The company’s revenue trajectory is increasingly driven by Starlink, while Starship progress underpins the long-term growth story.
Source: FinanceFeeds
Paxful pleads guilty to DOJ charges; $4M penalty underscores AML crackdown
Paxful admitted to conspiring to violate the Travel Act, Bank Secrecy Act, and money transmission laws, and will pay a $4M criminal penalty (reduced from an otherwise applicable amount given ability to pay). Prosecutors said Paxful facilitated illicit transactions by operating with weak or nonexistent KYC/AML controls, including flows tied to high‑risk jurisdictions and unlawful activity. The case signals heightened U.S. enforcement pressure on platforms that market anonymity or fall short on compliance.
Source: FinanceFeeds
UK FCA launches ‘Firm Checker’ to combat investment and pension scams
Amid a surge in fraud affecting nearly 800,000 UK consumers, the FCA released Firm Checker to verify authorisation and permissions—helping users confirm a firm’s legitimacy and contact details before engaging. The tool targets cloned-firm schemes and APP fraud, increasingly propagated via social media, phone calls, and messaging apps. It’s part of a broader push to bolster consumer defenses as scammers mimic trusted brands with sophisticated online tactics.
Source: FinanceFeeds
IEA: Global oil supply drops; demand stronger than expected
The International Energy Agency reported a decline in global oil supply and trimmed surplus estimates as demand surprised to the upside. The tighter balance supported crude prices, with traders watching geopolitical risks and OPEC+ discipline into year-end. The IEA’s update adds a firmer underpin to energy markets just as macro uncertainty and currency moves inject volatility across commodities.
Source: SeekingAlpha
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