FameEX Morning Crypto News Recap | December 17, 2025

Steady job growth reported by officials, while Trump calls for reduced interest rates

White House Economic Director Kevin Hassett stated that President Trump believes interest rates can be lowered further. He highlighted that employment data is demonstrating a strong and steady upward trend.

FDIC establishes formal application process for payment stablecoin issuers

The FDIC has approved a proposed rule establishing an application process for FDIC-supervised institutions to issue payment stablecoins through subsidiaries, implementing the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act). A 60-day public comment period is now open.

U.S. interest rate futures price in two Fed rate cuts for 2026

Following U.S. employment and retail sales data releases, interest rate futures maintain expectations of two Fed rate cuts in 2026, pricing in approximately 58 basis points of easing next year.

14 of America's 25 Largest Banks Actively Developing Bitcoin Products

According to recent data, 14 of the 25 largest U.S. banks are actively developing Bitcoin-related products and services.

Mainstream crypto funding rates signal persistent bearish market sentiment

Coinglass data shows subdued or negative funding rates on major centralized (CEX) and decentralized (DEX) exchanges for mainstream cryptocurrencies, indicating persistent bearish market sentiment. These rates help keep perpetual contract prices aligned with underlying assets by balancing long and short positions.

Crypto average returns lag behind Bitcoin over past three months

Glassnode data indicates that over the past three months, average returns across nearly all cryptocurrency sectors have underperformed Bitcoin. This persistent relative weakness underscores a market where capital is increasingly concentrating in BTC.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.