Wu Says Daily Selected Crypto News - Federal Reserve John Williams: Current data is not yet sufficient to confirm a sustained decline in inflation; we need to wait for December data.

1. Federal Reserve John Williams: Current data is not yet sufficient to confirm the ongoing downward trend of inflation; we need to wait for December data

Federal Reserve Chairman John Williams stated that December data is needed for a more accurate assessment of inflation trends. The current data is insufficient to confirm a continued decline in inflation. November CPI data may have been underestimated due to technical factors, partly because data collection in the first half of October and November was not normal, leading to distortions in some components, which may have suppressed CPI by about 0.1 percentage points. The November CPI year-over-year is 2.7%, below the market expectation of 3.1%.

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2. JPMorgan: Stablecoin market cap to be $500 billion to $600 billion by 2028; payment expansion unlikely to boost scale

JPMorgan reiterated in its latest report that it does not believe the stablecoin market will reach a trillion-dollar scale by 2028, with an expected total market cap of approximately $500 billion to $600 billion. Analysts believe that stablecoin growth is still mainly driven by crypto trading activities, including derivatives trading, DeFi lending, and crypto institutions’ cash management. Expansion in payment scenarios does not necessarily lead to significant stock growth, as increased circulation speed of stablecoins will reduce the required stock. Meanwhile, tokenized bank deposits, blockchain payment solutions led by commercial banks, and CBDC projects like digital euro and digital yuan are providing alternatives for institutions and cross-border payments, potentially limiting stablecoins’ share in long-term payments and settlements.

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3. Bank of Japan raises interest rate to 0.75% as scheduled, a 30-year high

The Bank of Japan raised its benchmark interest rate to the highest level in 30 years. BOJ Governor Kazuo Ueda said that the policy board unanimously decided to raise the rate by 0.25 percentage points to 0.75%, citing increasing likelihood of achieving the economic outlook. Shortly after the announcement, the yen weakened against the dollar, trading around 156 yen, indicating that the market has fully priced in the rate hike.

4. WSJ: Terraform Labs liquidation manager sues Jump Trading for $4 billion

The liquidation manager responsible for Terraform Labs’ remaining assets has filed a lawsuit against Jump Trading, accusing the high-frequency trading giant of illegal profits and responsibility for the collapse of the crypto empire, seeking $4 billion in damages. The plan administrator appointed by the bankruptcy court, Todd Snyder, has filed suit against Jump Trading, its co-founder William DiSomma, and Kanav Kariya, who grew from an intern to head of Jump’s crypto business and has now left.

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5. David Sacks: CLARITY Act to enter Senate markup for revision in January

White House AI and crypto affairs chief David Sacks said that the CLARITY Act is expected to enter the Senate “markup” stage in January for review and revision, then proceed to a full Senate vote. Sacks stated that Senate Banking Committee Chairman Tim Scott and Agriculture Committee Chairman John Boozman have confirmed that this bipartisan-supported crypto market structure bill will be advanced by the Senate in the new year. If the Senate approves the revised version, the bill will return to the House for final approval and then be signed by President Trump.

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