Elon Musk–founded xAI announced that it has exceeded its initial $15 billion target in its Series E funding round, raising a total of $20 billion.
Meanwhile, Fed funds futures suggest that the probability of a rate cut at the January meeting remains low, with the first meaningful interest rate reduction now expected around the spring of 2026.
At the time of writing, Bitcoin (BTC) is trading at $91,940, while Ethereum (ETH) is priced at $3,220.
The Fear and Greed Index stands at 49, indicating a neutral market sentiment.
Key developments to watch today:
Ethereum (ETH): The BPO hard fork, which increases the block gas limit to 80 million, is scheduled to be implemented.
Stellar (XLM): A Privacy Testnet will be launched to test new privacy features.
