[Bihu Daily News Selection] The probability of the Fed lowering interest rates by 25 basis points in December rises to 86.9%; Bitwise updates its Spot Avalanche ETF application documents, planning to add staking functionality; DWF Labs co-founder: Today's DAT is like the ICO at the end of 2017; Analysis: BlackRock IBIT holders return to profitability, ETF selling pressure may ease.

Daily Web3 news selected for you by the BitPush editor:

[The probability of the Federal Reserve cutting interest rates by 25 basis points in December rises to 86.9%]

According to news from Bitpush and a report from Jinshi, the CME “FedWatch” indicates that the probability of a 25 basis point rate cut by the Federal Reserve in December has risen to 86.9%, while the probability of maintaining the current rate is 13.1%. By January next year, the cumulative probability of a 25 basis point rate cut is 67.3%, the probability of keeping the rate unchanged is 9.6%, and the cumulative probability of a 50 basis point rate cut is 23.1%.

【Bitwise updates its spot Avalanche ETF application documents, plans to add staking feature】

According to a report by CoinDesk, Bitwise has updated its application documents for the spot Avalanche ETF to the U.S. Securities and Exchange Commission (SEC). This revision changes the code for the Avalanche ETF to BAVA and sets the sponsorship fee rate at 0.34%, currently the lowest among similar products.

In comparison, VanEck's Avalanche ETF has a fee rate of 0.4%, while Grayscale's is 0.5%. The updated S-1 application document also states that the trust will be allowed to stake up to 70% of its AVAX holdings on Avalanche's proof-of-stake network to earn additional tokens. However, the issuer is considering deducting 12% of the earnings as fees, with the remaining portion distributed to shareholders.

As competitors have not yet launched staking services, their fees are currently limited to sponsorship fees. Bitwise also offers a full fee waiver for the first month on the first $500 million in assets, aiming to position BAVA as the lowest-cost way for traditional investors to gain exposure to Avalanche and earn staking income.

[DWF Labs Co-founder: Today's DAT is like the ICO at the end of 2017]

According to Bitpush news, DWF Labs co-founder Andrei Grachev stated on the X platform that today's DAT is like the ICOs at the end of 2017.

or imply that DAT has reached its peak and will head towards its end.

[Analysis: BlackRock IBIT Holders Return to Profit Status, ETF Selling Pressure May Ease]

According to reports from Bitu, Cointelegraph reports that holders of BlackRock's spot Bitcoin ETF IBIT have returned to profitability after Bitcoin rose above $90,000, suggesting that the sentiment of one of the key investor groups driving the market this year may be changing. Arkham data shows that the cumulative profits of the largest spot Bitcoin fund, BlackRock's IBIT, have risen to $3.2 billion.

Arkham stated: BlackRock IBIT and ETHA holders almost made a total profit of 40 billion dollars at their peak on October 7, while just 4 days prior it had dropped to 630 million dollars. This means the average cost of all IBIT purchases is nearly flat.

As ETF holders are no longer under pressure, the selling pace of Bitcoin ETFs may continue to slow down. The situation has significantly improved since the recorded net outflow of $903 million on November 20.

[Multiple Wall Street Institutions Released Their 2026 US Stock Predictions: The Bull Market Is Not Over Yet, S&P 500 Index Expected to Rise to a Minimum of 7500 Points]

According to Bitu news, multiple Wall Street institutions have released their forecasts for the U.S. stock market in 2026, leaning towards the belief that there is still room for growth in the next phase, as the AI boom continues to reshape the economy and financial markets.

Deutsche Bank set the year-end target price for the S&P 500 index at 8,000 points for the end of 2026, while HSBC set its target for 2026 at 7,500 points. Morgan Stanley also expects next year to be a strong year, predicting that the index will close at 7,800 points in 2026. The bank's strategist Mike Wilson referred to it as a new bull market, stating in a report last week that the rolling recession ended earlier this year, and policy support and earnings strength will continue into next year.

JPMorgan's stance is similar, with a benchmark forecast for 2026 aiming for 7,500 points, but it believes that if the inflation outlook improves and prompts the Federal Reserve to cut rates more aggressively, the index could break through 8,000 points. Currently, JPMorgan expects the Federal Reserve to implement two more rate cuts before pausing.

[Tether and Circle have collectively minted stablecoins worth $17.25 billion]

According to Bitu's news and monitored by Lookonchain, Circle has minted another 1.25 billion USDC, and Tether and Circle have minted stablecoins worth 17.25 billion dollars.