BlockBeats News, December 11, CoinDesk analyst James Van Straten wrote that despite the Fed cutting interest rates by 25 basis points, risk assets are still under pressure, mainly due to Oracle’s earnings report falling short of expectations, coupled with the hawkish guidance from the Fed. Bitcoin is currently around $90,000, down 2.8% in 24 hours, with futures linked to the Wall Street tech index Nasdaq falling 0.80%.
On Wednesday evening, Oracle released its second-quarter fiscal year 2026 earnings report ending November 30, 2025, with total revenue slightly below market consensus, including a decline in traditional software revenue, especially weak new license sales. This once again highlights the gap between the debt-fueled AI infrastructure spending frenzy, booked revenue commitments, and the reality of delayed cash flows.
