[Bitpush Daily News Highlights] Texas Lieutenant Governor officially announces the purchase of bitcoin, aiming to build America’s digital future hub; Economists expect the Federal Reserve to cut interest rates in December, with two more possible cuts in 2026; Circle has issued an additional 10 billions USDC in the past month; Sources: SpaceX is in talks over share sales, with valuation possibly soaring to 800 billions USD.

Bitpush editors' daily selection of Web3 news:

[Texas Lieutenant Governor Announces Official Bitcoin Purchase, Aims to Build America's Digital Future Hub]

According to Bitpush, Dan Patrick, Lieutenant Governor of Texas, stated, "Texas is the first state in history to purchase bitcoin. I support President Trump and hope to make Texas the center of America's digital future."

[Economists Expect the Federal Reserve to Cut Rates in December, With Two More Cuts Possible in 2026]

According to Bitpush, economists surveyed predict that Federal Reserve officials will vote next week to cut rates again to guard against the rising risk of a sharp deterioration in the labor market. The median of respondents expects the Fed to implement two more 25-basis-point rate cuts in 2026, starting in March. Next week's rate cut will continue the momentum from the September and October policy meetings. A significant number also expect Fed officials to reiterate the statement that "downside risks to employment have increased in recent months," as they did in October. The Fed will announce its decision at 2 p.m. Washington time on December 10, followed by a press conference by Chairman Jerome Powell.

[Circle Has Issued a Total of 10 Billion USDC in the Past Month]

According to Bitpush, monitoring by lookonchain shows that in the past month, stablecoin issuer Circle has issued a total of 10 billion USDC.

[CoinShares: The DAT Bubble Has Basically Burst, Market May Find Support if Macro Environment Improves]

According to Bitpush, James Butterfill, Head of Research at crypto asset management firm CoinShares, released a report stating that the Digital Asset Treasury (DAT) bubble has basically burst. Some companies that traded at 3 to 10 times market cap to net asset value (mNAV) in the summer of 2025 have now fallen to about 1x or lower. This trading model, which once viewed token treasuries as growth engines, has experienced a dramatic correction. The future performance of these companies will depend on market behavior: either prices fall and trigger disorderly sell-offs, or companies maintain their positions and wait for a rebound. If the macro environment improves and a rate cut occurs in December, this will provide support for cryptocurrencies.

[Sources: SpaceX in Talks for Share Sale, Valuation May Soar to $800 Billion]

According to Bitpush, the Wall Street Journal reports that sources say SpaceX is launching a secondary stock sale that will bring the company's valuation to $800 billion, surpassing OpenAI and making it the highest-valued private company in the United States. The company's CFO, Bret Johnsen, has informed investors about the deal in recent days. The $800 billion valuation is double the company's $400 billion valuation from its most recent stock issuance.

[US September Core PCE Price Index Rose 0.2% MoM, In Line With Expectations]

According to Bitpush, the US September PCE price index rose 2.8% year-on-year, in line with expectations, with the previous value up 2.7%. The US September core PCE price index rose 0.2% month-on-month, matching expectations and the previous value. The US September core PCE price index rose 2.8% year-on-year, in line with expectations, with the previous value up 2.9%.

[US Prosecutors Recommend 12-Year Prison Sentence for Do Kwon]

According to Bitpush and Bloomberg, US prosecutors have stated that Do Kwon, co-founder of Terraform Labs, should be sentenced to 12 years in prison for fraud that led to the collapse of the Terra USD stablecoin in 2022, causing $40 billion in losses. US District Judge Paul Engelmayer will sentence him on December 11.