Odaily Planet Daily reported on December 30th that US President Trump commented on the Federal Reserve, stating: "I'm considering suing Fed Chairman Powell. Powell should resign. I'd love to fire him, but his term is almost over. Maybe I will eventually fire him." The nominee for Fed Chairman is expected to be announced in January. (Jinshi)

According to CME's "FedWatch," the probability of the Federal Reserve cutting interest rates by 25 basis points in January is 16.1%, while the probability of keeping rates unchanged is 83.9%. By March of next year, the probability of a cumulative 25 basis point rate cut is 45.4%, the probability of keeping rates unchanged is 47.7%, and the probability of a cumulative 50 basis point rate cut is 6.9%.

Odaily Planet Daily reports that Meta has acquired Butterfly Effect, the company that develops the AI app Manus, for billions of dollars. This is Meta's third-largest acquisition since its inception, second only to WhatsApp and ScaleAI. We understand that prior to the acquisition, Manus was raising funds in a new round at a valuation of $2 billion. "It was so fast that I even doubted whether it was a fake offer," said Liu Yuan, partner at ZhenFund and angel investor in Butterfly Effect. The acquisition negotiations were completed in an extremely short time, lasting only about ten days.

According to Odaily Planet Daily, a growing number of wealthy Americans are establishing family offices. These institutions offer comprehensive services to the ultra-rich, encompassing wealth investment management and personal affairs. They are large-scale and operate discreetly, and their influence on Wall Street and the overall US economy is steadily increasing. Deloitte data shows that US family offices currently manage approximately $5.5 trillion in wealth, a 67% increase from five years ago; this figure is projected to reach $6.9 trillion this year and surpass $9 trillion by 2030. Deloitte also predicts that in the coming years, the assets managed by family offices will exceed those of hedge funds. Deloitte data also indicates that there are currently over 8,000 single-family offices globally, an increase of about one-third from 6,130 in 2019, and this number is expected to exceed 10,000 by 2030. Major banks and other financial institutions are eager to meet the diverse needs of family offices, while entrepreneurs and investment managers are vying for a share of the enormous wealth held by these wealthy families.

Odaily Planet Daily reports that Cicely LaMothe, Deputy Director of the Corporate Finance Division of the U.S. Securities and Exchange Commission (SEC), has announced her retirement. She played a crucial role in crypto regulation over the past year, including issuing clarifications stating that Memecoin is not a security and outlining the SEC's regulatory stance on staking. LaMothe joined the SEC in 2002 and was involved in key work such as drafting registration and filing policies. Her departure comes in the second year of the SEC's more favorable approach to the crypto industry. During this period, the SEC approved some listing standards for crypto-asset-related ETFs, dropped several enforcement cases against well-known crypto companies, and advanced "Project Crypto" to update the regulatory framework for digital assets. In addition, the SEC confirmed that Nekia Hackworth Jones, Deputy Director of the Southeastern District of Enforcement, completed her term at the end of December.