BlockBeats News, December 13 — Coinbase Institutional announced on social media that the Federal Reserve's decision to cut interest rates by 25 basis points this week aligns with market expectations. However, the plan to implement treasury reserve management purchases over the next 30 days can be seen as a positive signal. The specific details of the plan are as follows:

- Initial operation scale: $40 billion
- Launch date: December 12
This liquidity injection came earlier than expected, and reserve growth may continue until April 2026. We believe that the Federal Reserve's shift from balance sheet reduction to net injections can be viewed as "mild quantitative easing" or "hidden QE," potentially providing support to the cryptocurrency market. Combining the reserve management purchase plan with the expectations from the federal funds futures market of two more rate cuts within the first nine months of 2026 (a total of 50 basis points), the policy environment may be milder than anticipated.