PANews reported on December 11th that, according to The Block, decentralized derivatives platform dYdX has officially launched its first spot trading product , starting with the Solana (SOL) trading pair, opening platform access to US users for the first time . Although US users are currently unable to use perpetual contracts, the platform stated that it will continue to monitor regulatory developments from the SEC and CFTC and assess future possibilities.

Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
