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- 19:16SpaceX reportedly sells shares appropriately, valuation may rise to $800 billionsAccording to Jinse Finance, sources reveal that SpaceX is initiating a secondary stock sale, which will bring the company's valuation to 800 billions USD, surpassing OpenAI and making it the highest-valued private company in the United States.
- 18:04Economists expect the Federal Reserve to cut interest rates in December, with two more rate cuts possible in 2026.According to a report by Jinse Finance, economists surveyed predict that Federal Reserve officials will vote next week to cut interest rates again in order to guard against the rising risk of a sharp deterioration in the labor market. The median of respondents expects the Federal Reserve to implement two more 25-basis-point rate cuts in 2026, starting from March. Next week's rate cut will continue the momentum from the two policy meetings in September and October. A considerable majority also expect Federal Reserve officials to once again reiterate the statement that "downside risks to employment have increased in recent months," just as they did in October. The Federal Reserve will announce its decision at 2:00 p.m. Washington time on December 10, followed by a press conference held by Chairman Jerome Powell.
- 17:44Poland’s lower house fails to overturn President’s veto of the strict Crypto Asset Market ActBlockBeats News, December 5, according to Bloomberg, the lower house of the Polish parliament failed to secure enough votes in Friday's ballot to overturn President Nawrocki's veto of the strictly regulated "Crypto Asset Market Act". President Nawrocki stated before the vote that this legislation is crucial for implementing EU standards for the cryptocurrency industry and for national security. Although the bill passed other levels of parliament, the president's veto and the lower house's failure indicate that the bill faces significant obstacles in the legislative process. BlockBeats previously reported that on December 2, Polish President Karol Nawrocki vetoed the strictly regulated "Crypto Asset Market Act", which drew praise from the cryptocurrency community and strong criticism from the government. The Polish presidential office stated that the bill's provisions "truly threaten the freedom, property, and national stability of the Polish people".