The Chairman of the National Economic Council of the White House, Kevin Hassett, publicly criticized the Federal Reserve's monetary policy, pointing out that interest rates should have been lowered earlier. He emphasized that there is ample potential for growth even in a low-price environment based on current economic indicators.
Chairman Hasset appeared on the Fox News program on December 21 at ( local time, stating that President Donald Trump's evaluation that "the Fed acted too slowly" is appropriate regarding the Fed's recent interest rate decision. He is among the candidates for the next Fed chairman and is currently actively expressing his stance on the direction of the current monetary policy. President Trump plans to appoint a new Fed chairman in the coming weeks.
He mentioned the recently released price indicators, stating that although there are pressures from supply-side factors, the core inflation rate ), excluding food and energy, remains stable at an annual rate of around 1.6%. This is below the Fed's target.

The Financial Supervisory Service will conduct an inspection of the selection process for the chairman of BNK Financial Holdings in mid-January next year. This is the first formal investigation into the transparency issues of governance structures within financial institutions. This move stems from President Lee Jae-myung's concern over internal corruption and the concentration of power within financial holding companies, aimed at strengthening regulation in the financial sector. The scope of the inspection may extend to other financial holding companies, causing anxiety in the industry, with concerns that insufficient transparency in governance structures could weaken supervisory functions.

The report analyzes the current liquidity crisis and price movement facing the BTC market, pointing out that the Fed may cut interest rates in the short term, leading to market fluctuations. At the same time, it emphasizes the insufficient buying power in the crypto market and the on-chain dumping phenomenon, stating that the prediction market requires more macro liquidity support to attract capital inflows.

The market, project, coin, and other information, opinions, and judgments mentioned in this report are for reference only and do not constitute any investment advice.
Written by 0xBrooker
This week, the short-term liquidity tightness in the United States and the uncertainty of interest rate cuts in December have become the main trading themes in the global financial markets.
Due to the government shutdown, the U.S. Treasury's TGA account has accumulated nearly a trillion, and although the government is back up and running, the release is slow, resulting in continued tightness in short-term liquidity.
The economic and employment data missing due to the government shutdown has left the Federal Reserve lacking sufficient objective data for reference at the December policy meeting. Over the past three weeks, Federal Reserve officials have continuously adopted a "hawkish" stance, which has undermined market confidence and ultimately resulted in U.S. stocks falling for three consecutive weeks.
Although on Friday, the Federal Reserve Chairman's "number three" figure, New York Fed President Williams, suddenly made a "dovish" statement to the market, significantly boosting the probability of a rate cut, there is still doubt about whether a rate cut will happen in December, and the bright

This week, the price of BTC rebounded due to the Fed's interest rate cuts and the release of liquidity, but continued to maintain a "bottom-seeking" trend due to poor earnings reports from AI tech stocks. ETH showed a stronger rebound but also retreated. The market is waiting to see the impact of next week's economic data and Japan's interest rate hikes. Overall, the liquidity situation has improved, but it still faces selling pressure and bear market indicators. The favourable information in the crypto market is providing support for long-term development.

The South Korean economy has shown signs of rebound after experiencing about three years of contraction, and it may enter an expansion period in September 2024. Analysis based on artificial intelligence models indicates that the economic cycle has surpassed the historical longest contraction period of 32 months, with a prediction accuracy of 91.5%. However, further data support is needed to confirm the economic recovery.

The prospectus system for public funds will be simplified into a unified text next year to improve the clarity of information transmission and reduce the burden on investors. The Financial Supervisory Service plans to consolidate the existing multiple prospectuses and strengthen the review mechanism, which is expected to enhance investor trust and promote the vitality of the fund market.

In response to the recent false information circulating on social media platforms, Techub News hereby clarifies: Techub News founder and CEO Alma has never participated in the establishment of Central Research, nor has she held the title of "co-founder" or any similar position; these statements are untrue. Big Demo Day is a public entrepreneurial roadshow brand event resulting from longer collaborations, which has received support from institutions such as Hong Kong Cyberport. Techub News has only participated in some sessions as a co-organizer and cooperative media, and is not involved in the internal governance, personnel appointments, or operational management of Central Research. Equating this event simply with its "internal activities" or interpreting Alma's public appearances as participation in its operations is a misunderstanding.
The platform has requested the relevant parties to correct the erroneous information and urged all parties to cite.

Goryeo Lead has decided to transfer more than 10% of its shares to a joint venture entity related to the new smelting plant being established in the United States. In this process, the power struggle among shareholders has reached a new turning point. In connection with this, MBK Partners and Yongfeng have requested to suspend the temporary injunction application made for paid capital increase, and the court's ruling may be issued as soon as December 22, which is expected to have a significant impact on the situation of the subsequent shareholders' meeting.
Korea Lead has decided to collaborate with U.S. government agencies to establish a joint venture named "Crucible JV" to promote the construction of a non-ferrous metal smelter in Tennessee, USA. In the share structure of this JV, the U.S. government holds 40% of the total shares, Korea Lead holds 10%, and the remaining 50% is borne by private U.S. investors. Korea Lead is in the process of transferring its 10% shares to the JV through a paid capital increase, although the actual ownership of these shares will belong to the U.S. side, some opinions suggest that it can.

With the relaxation of regulations on Real Estate Investment Trusts (REITs), enabling them to go beyond pure real estate investment to cover development and operation sectors, the first application of this institutional reform has already emerged. The government plans to introduce a new type called "Project REITs" to transform the nature of real estate development.
The Ministry of Land, Infrastructure, Transport and Tourism recently approved two cases as the first Project REITs: "Higashitan Healthcare REITs" and "Tian'an Station Circle Innovation Zone Regeneration Project REITs." Previously, real estate development was mainly carried out through special purpose entities, often with developers seeking only sales profits before exiting the project. Therefore, the operational responsibilities after project completion were transferred to homebuyers, and a sales-centric profit structure sometimes led to market oversupply or investment risks.
Project REITs refer to private investors, such as asset management companies, developing various types of properties including accommodation facilities, hospitals, and knowledge industry centers.

As the end of the year approaches, attention is being drawn to whether the New York stock market can achieve the so-called "Santa Claus Rally." The Santa Claus Rally typically refers to the tendency of the stock market to perform strongly during the last five trading days of December and the first two trading days of the new year. This year's period is from December 24 to January 5.
According to data from market research firm Stock Trader's Almanac, the S&P 500 has averaged a 1.3% increase during this period since 1950, with approximately a 79% probability of gains. However, last year, with the Federal Reserve's tightening stance intensifying, the Santa Claus Rally did not occur. Whether the current upward momentum led by technology stocks can continue remains a key uncertainty.
Recently, the stock market has seen mixed emotions of market anticipation and concern surrounding artificial intelligence. The earnings reports from Oracle and Broadcom have fueled debates over AI overheating, while Micron Technology's "surprise earnings" have somewhat restored investor confidence. Experts point out that the current

Savings banks have experienced a decrease in earnings due to loan restrictions and are turning to securities such as stocks and bonds to seek higher returns. This year, the balance of securities has increased by over 40%. However, increased investment in risk assets also comes with greater market volatility risks, and risk management should be a focus moving forward.

North Korea has stolen approximately 3 trillion won in virtual assets this year, with more sophisticated hacking techniques leading to significant losses. North Korean hackers are targeting high-value targets and using artificial intelligence to track their fund flows. The international community's concern over the link between their cybercrimes and nuclear weapons development funding has intensified, highlighting the growing importance of artificial intelligence in monitoring.

The increased demand for the US dollar has led to a sharp rise in the exchange rate, with foreign direct investment (FDI) significantly shrinking. This year's FDI inflow has declined more each quarter, indicating weakened investor confidence and reduced domestic attractiveness. The government is focusing policy efforts on expanding dollar inflows by reforming to improve the ease of foreign investment and relaxing foreign exchange liquidity stress tests. Future measures may continue to be implemented, and the exchange rate structure and financial policies are expected to change.

With the implementation of loan regulation policies, the growth of household loans in major banks has significantly slowed down, falling short of the expected target by 7.4%. By the end of the year, household loans almost stagnated, increasing by only 142.3 billion KRW. The government plans to set the growth target at around 2% next year. This trend is expected to continue, with more financial resources being directed toward small and medium-sized enterprises.

The current Bitcoin price is approximately 130 million KRW, with increased participation from institutional investors and a optimistic long-term outlook. Ethereum and XRP prices have also risen but face regulatory uncertainties. Solana may be affected by stablecoin policy impacts.