Gate Research：Fewer 2025 Rate Cuts Trigger Market Sell-off; HK Fast-Tracks VATP Licensing

Gate Research Weekly Report: The Federal Reserve's projection of two rate cuts in 2025 falls short of market expectations, triggering sharp declines in both crypto and global stock markets. Gate now ranks fourth globally in 24-hour spot trading volume—a 46.74% increase from the previous day. HYPE leads the DeFi sector with a 40% gain over seven days. Hong Kong's SFC has granted licenses to four virtual asset trading platforms in an expedited process. Meanwhile, Clober DEX lost approximately $500,000 in a contract vulnerability attack. Riot Platforms has expanded its holdings by 667 BTC, reaching $1.8 billion total. Investors should note next week's upcoming large-scale unlock of 10 million Metars Genesis tokens.

Market Analysis: Bitcoin price experienced wide fluctuations between $99,000 and $108,000 this week, while altcoin sectors showed mixed performance. Three sectors achieved significant breakthroughs: Perpetual Derivatives, AI Agent Launchpads, and RWA, rising approximately 27.2%, 19%, and 15.9% over the past seven days.

Weekly Spotlights: Fed officials project reaching the 2% inflation target in 2027, delayed from the previous 2026 estimate. Clober DEX's $500,000 loss from a hack attack serves as another reminder of potential security risks in the DeFi sector.

Data Highlights: Coinbase's revenue has surpassed NASDAQ's in 2024, demonstrating the growing competitive strength of crypto exchanges and DeFi against traditional financial markets. Riot Platforms, the U.S. Bitcoin mining company, added 667 BTC to its holdings, bringing its total to $1.8 billion.

Market Opportunities: This week's featured airdrop project is GoPlus. GoPlus is dedicated to addressing challenges through building a comprehensive decentralized user security network. With its innovative architecture and product suite, GoPlus ensures users can utilize blockchain technology safely and securely.

What to Watch Next Week: The Avalanche Ambassador DAO event will take place at InnoSpace in Yangpu District on December 21st. Participants will gain insights into Avalanche's latest developments, and attendees may be eligible for AVAX airdrops. Additionally, the U.S. Conference Board will release its latest Consumer Confidence Index on December 23rd.

Deep Dive into This Week's Review 👉🏻 Gate Research：Fewer 2025 Rate Cuts Trigger Market Sell-off; HK Fast-Tracks VATP Licensing

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Gate Team
December 20th, 2024