BlockBeats news, on December 3, Republicans avoided an upset loss in the U.S. House election held Tuesday in Tennessee, bringing relief to Trump and his congressional allies. According to predictions by the Associated Press, NBC News, and election analysis website Decision Desk HQ, Trump-endorsed Republican candidate Matt Van Epps is expected to win. Trump praised the Republican victory in a social media post, and Epps also declared victory. However, even with the win, in a district where Trump won by a landslide just a year ago, voters are gradually distancing themselves from the Republican Party. This is the latest data point indicating that Republicans face a challenging outlook in next year’s midterm elections. In a series of elections this year, Democrats have outperformed their vote advantage for the 2024 presidential election. Just a few weeks ago, the party achieved victories in New York City, New Jersey, and Virginia.

Odaily Planet Daily News According to the election prediction agency DECISION DESK HQ, the Republican Party is projected to take control of the House of Representatives in the United States. It is currently forecasted that the Republican Party has secured 218 seats in the House of Representatives, becoming the majority party, while the Democratic Party currently has 209.

The chief investment officer of HQ Trust, Christian Subbe, stated that the Federal Reserve is not expected to cut interest rates before the September meeting, but officials' remarks may become more dovish, helping to calm the market. He said that weak data does not necessarily signal a hard landing for the economy, and if necessary, the Federal Reserve has enough room to further drop interest rates. It is expected that the Central Bank of Japan will also take measures to stabilize the market.

According to DECISION DESK HQ, the U.S. election prediction agency, Trump has received enough delegate votes to win the Republican presidential nomination. (Huitong Finance) Earlier, Trump said that bitcoin is already widely used, and it is not sure whether to ban bitcoin, but will not allow other countries to get rid of the dollar.

Odaily Oasis Pro, an Apollo-backed Blockchain technology-focused company, has announced the appointment of Alana Ackerson as its president to support its expansion. Alana Ackerson previously worked at HQ, the wealth management division of Digital Currency Group, where her role will help Oasis Pro raise more capital, launch new partnerships, and hire additional employees to grow the company. （Bloomberg）