The Federal Reserve will release the December FOMC meeting minutes at 3 a.m. on Wednesday, which could be the last and most noteworthy policy guidance of 2025.

The market's focus is on a seemingly contradictory phenomenon: the Fed has announced a rate cut, yet internally there is a strong consensus to pause further rate cuts. This minutes will be the first to detail the genuine disagreements among officials regarding inflation risks and economic outlook—ranging from a hawkish cautious stance to maintaining flexibility for future policy adjustments.

For the crypto market and the broader risk asset space, this is more than just a technical document. Its core value lies in reducing uncertainty. Whether it reveals a tightening policy stance or relatively moderate language, a more transparent and predictable central bank policy framework can provide a more stable foundation for long-term allocation of global risk assets.

From a market pricing perspective, these minutes could directly influence risk appetite and asset allocation logic in the coming months. The data release tomorrow early morning is likely to define market sentiment at the beginning of 2026.