The Federal Reserve lowered the federal funds rate by 25 bps to 3.50%–3.75%, citing a cooling labor market, but the decision came with unusual dissent and guidance that implies a slower path of easing. Markets read the move as a “hawkish cut,” with policymakers projecting only limited additional reductions in 2026 and emphasizing data dependence. Stocks and crypto initially swung on the headlines as traders recalibrated expectations for liquidity and growth into next year.
Source: FinanceFeeds
DTCC wins SEC nod to tokenize U.S. assets—raising the bar for Wall Street and crypto rivals
The SEC approved DTCC to begin tokenizing traditional assets from 2H 2026, positioning the market’s core post-trade utility to sit at the center of real‑world asset tokenization. The move gives institutions a trusted, regulatory-grade pathway to tokenized Treasuries, equities, and ETFs—intensifying competitive pressure on crypto-native venues and exchange operators pursuing parallel tokenization plans. Expect tighter integration between TradFi rails and on-chain settlement as DTCC unifies liquidity and standards.
Source: FinanceFeeds
CFTC eases data rules for prediction markets and crypto derivatives
The CFTC issued no‑action relief to Polymarket, Gemini (Titan), PredictIt, and LedgerX/MIAX, exempting certain swap data reporting and recordkeeping while imposing conditions like full collateralization and prompt time‑and‑sales transparency. The letters align with prior relief for similar DCM/DCO structures and aim to right‑size legacy swap rules for fully collateralized event contracts. The move provides regulatory clarity as regulated prediction markets and on‑chain derivatives gather momentum in the U.S.
Source: FinanceFeeds
Disney invests $1B in OpenAI, licenses 200+ characters for AI video creation
Disney will invest $1 billion in OpenAI and license iconic Disney, Marvel, Pixar, and Star Wars IP for OpenAI’s Sora and ChatGPT Images under strict guardrails. Starting in 2026, fans will be able to generate short videos featuring licensed characters, while Disney deploys ChatGPT and OpenAI APIs internally to boost productivity and develop new consumer experiences. The deal marks a major pivot by Hollywood toward monetized, regulated GenAI partnerships and sets a blueprint for IP owners in the AI era.
Source: FinanceFeeds
Terraform’s Do Kwon gets 15 years, signaling tougher line on crypto misconduct
Terraform Labs founder Do Kwon was sentenced to 15 years in U.S. federal prison—exceeding prosecutors’ request—over fraud tied to the $40B TerraUSD/Luna collapse. The ruling underscores a hardening enforcement posture toward misleading statements and opaque mechanisms in digital assets, particularly around stablecoins. Kwon will receive credit for time served abroad, while civil actions and international proceedings continue.
Source: FinanceFeeds
State Street, Galaxy and Ondo launch 24/7 on‑chain cash “SWEEP” fund
State Street Investment Management and Galaxy Asset Management partnered with Ondo Finance on the State Street Galaxy Onchain Liquidity Sweep Fund, enabling institutional clients to sweep cash on-chain around the clock, with subscriptions/redemptions via PayPal’s PYUSD. Ondo plans to seed the fund with roughly $200M, while State Street provides custody and Galaxy the blockchain plumbing. The initiative aims to modernize liquidity management and bring tokenized cash into mainstream treasury operations.
Source: FinanceFeeds
Coinbase set to unveil prediction markets and in‑house tokenized stocks on Dec. 17
Coinbase plans to announce regulated prediction markets and tokenized U.S. stocks next week, moving beyond spot crypto into event contracts and digitized equities. Unlike rivals relying on third-party issuers, Coinbase is expected to handle tokenized equities in‑house—though it will face stiff competition from DTCC’s newly approved tokenization framework. The launch would mark a major step in Coinbase’s bid to become an “everything app” for digital finance.
Source: FinanceFeeds
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