No Fed Cut, No Bitcoin Drama...

Kevin O’Leary dismissed expectations of a December Fed rate cut and said Bitcoin is unlikely to react strongly.

Danielle du Toit
December 03, 2025

Here's what we've got for you today:

December Fed Cut Unlikely, but Bitcoin Will be Fine: Kevin O’Leary
ABIB Challenges ABC Over Misreporting of Bitcoin
Former FTX CEO Sam Bankman-Fried Praises Trump's Pardon of Ex-Honduran President as He Seeks Clemency
BlackRock’s Top Brass Says Tokenization Will Bridge Crypto and Finance

Kevin O’Leary dismissed expectations of a December Fed rate cut and said Bitcoin is unlikely to react strongly.

Kevin O’Leary says he doesn’t expect the US Federal Reserve to cut rates in December despite growing market speculation.
He believes a rate hold won’t negatively affect Bitcoin and doesn’t expect BTC to move more than 5% on Fed policy alone.
O’Leary argues that persistent inflation — now at 3%, the highest since January — is a key reason the Fed may avoid a December cut.

The Australian Bitcoin Industry Body lodged a formal complaint accusing the ABC of misrepresenting Bitcoin.

The Australian Bitcoin Industry Body (ABIB) filed a formal complaint accusing the ABC of misrepresenting Bitcoin and breaching editorial standards.
ABIB says the article relied on outdated, sensational narratives and ignored positive Bitcoin use cases like energy-grid efficiency and humanitarian work.
The ABC now has 60 days to respond under its code of practice, after which the complaint may be escalated to ACMA for potential investigation.

Sam Bankman-Fried publicly praised Donald Trump’s pardon of former Honduran President Juan Orlando Hernández.

Sam Bankman-Fried praised Donald Trump’s decision to pardon former Honduran President Juan Orlando Hernández, calling him “deserving,” while he seeks a pardon of his own.
Bankman-Fried is serving a 25-year sentence for fraud and conspiracy linked to the collapse of FTX, and his posts are shared on X by a friend.
He described Hernández as “kind and dedicated,” despite Hernández’s 45-year prison sentence for drug trafficking before Trump’s reported pardon.

BlackRock’s Larry Fink and Rob Goldstein say tokenization will unify traditional finance and crypto.

BlackRock CEO Larry Fink and COO Rob Goldstein say tokenization will serve as a bridge between traditional finance and the crypto sector rather than replacing existing systems.
In an op-ed for The Economist, they argue that traditional institutions and digital-first innovators are learning to interoperate, converging toward a unified financial ecosystem.
They envision a future where all asset types — from stocks to crypto — can be bought, sold, and held through a single digital wallet.

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