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(Bloomberg) -- Gold fell for a second day as comments from Federal Reserve officials over the weekend reinforced the view the US central bank will take a more cautious approach to cutting rates in 2025. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing to Take Effect After Years of DelaysNYC Congestion Pricing Takes Effect After Years of DelaysDon’t Shrink the BusCan American Drivers Learn to Love Roundabouts?Bullion traded near $2,630 an ounce after

China's main stock exchanges asked some large mutual funds to restrict stock selling at the start of the year, three sources familiar with the matter said, as authorities sought to calm markets heading into a tricky period for the world's second-largest economy. At least four large mutual funds received calls from the Shanghai and Shenzhen stock exchanges on Dec. 31 and Jan. 2 and 3, asking them to buy more stocks than they sold each day. The guidance came as Chinese stocks kicked off 2025 with deep losses on worries that incoming U.S. President Donald Trump would impose hefty tariffs on Chinese goods, heaping more pressure on an already sluggish economy.

Phantom, the digital asset wallet, has refuted rumors about a possible token airdrop after the launch of its new social discovery feature.

Bitcoin reached an all-time high of $108,000 on Dec. 17, 2024, but has since dropped by over 10%.

Pudgy Penguins’ native token, PENGU, has risen 13%, trading at $0.040 as of Jan. 5.

Dogecoin surged 21% over the past week, outperforming other major meme coins such as Shiba Inu, Pepe, and Bonk, which rose by 7%, 10%, and 14%, respectively.

Ripple CEO Brad Garlinghouse has announced that 75% of Ripple’s current job openings are now based in the United States.