the market value of XRP has surpassed $110 billion, reaching a new high of $110.5 billion, ranking fourth in the cryptocurrency market (excluding stablecoins). Solana currently has a market value of $122.8 billion, ranking third in the cryptocurrency market. XRP is currently trading at $1.93, reaching a high of $1.9575 today, with a 24-hour increase of 1.95%.

Paxos, the stablecoin issuer, has released its first USDG attestation report, which reveals that as of 5pm Singapore time on October 31, 2024, the number of tokens held in the USDG contract on the Ethereum network was 10,750,140. The fair value of the redemption assets is at least equal to or greater than $10,750,140, and the number of USDG tokens does not exceed the redemption asset balance in this report. USDG is a Singapore-compliant stablecoin launched by Paxos in collaboration with DBS Bank, which is responsible for managing US dollar reserves.

 Fred Krueger, a Bitcoin supporter and a mathematics PhD from Stanford University, posted on X, saying: "My advice to the younger generation is to focus all their energy on artificial intelligence and invest their savings in Bitcoin." In response, Michael Saylor, the founder of MicroStrategy, said: "It's a good recommendation."

trader Eugene posted on social media, "After a hard fight in November, I will take a break in December. Although there are still market opportunities to seize, after weeks of continuous trading, I feel that my psychological resilience is being depleted. I feel cool and chill on the track I'm good at, and if the market gives me a chance, I'll come back."

with the recovery of Ethereum prices, the NFT monthly sales in November exceeded 562 million US dollars, a significant increase of 57.8% from October's 356 million US dollars, with Ethereum network sales exceeding 216 million US dollars, a 12% increase from October. However, the monthly NFT transaction volume is still far from reaching its peak in 2024. In March of this year, NFT sales reached a year-high of 1.6 billion US dollars. However, it has been low and reached its lowest point since 2021 in September, at 303 million US dollars.

According to on-chain analyst Yu Jin's monitoring, decentralized stablecoin platform Reserve has purchased 6.45 million CRV (worth $2.03 million) through market maker GSR Markets in the past six days. In addition, Reserve was also one of the buyers of Curve founder's OTC sale last August: it spent $1 million to buy 2.5 million CRVs from the founder at a price of $0.4 per CRV. Currently, Reserve holds a total of 19.41 million CRVs ($6.38 million).

Bitcoin L2 project Ark Labs announced the completion of a $2.5 million Pre-Seed round of financing, led by Tim Draper and Draper Ventures, with participation from Fulgur Ventures, Axiom Capital, and Bitcoin angel investor Stephen Cole.

In an interview with Global Finance, former St. Louis Fed Chairman Brad stated: "The FOMC's last meeting and Powell's press conference were very clear that unless something dramatic happens, Fed officials are ready to act at the September meeting. I think they have expressed their intentions as central banks as clearly as possible. I think they will start cutting interest rates by 25 basis points in September. The question then is how quickly they want to reach a new monetary policy stance. Even if they slightly lower the policy rate, the rate will remain at a restrictive level. They need to continue to lower rates from that point. I think it may be a 25 basis point rate cut at each meeting, for several consecutive meetings, until the policy rate is lowered to a lower level, at which point they can decide whether inflation continues to move towards the 2% target and whether to continue normalizing policy rates. It is expected that there will be a 75 basis point interest rate cut from now until December."

In an interview with Global Finance, former St. Louis Fed Chairman Brad stated: "The FOMC's last meeting and Powell's press conference were very clear that unless something dramatic happens, Fed officials are ready to act at the September meeting. I think they have expressed their intentions as central banks as clearly as possible. I think they will start cutting interest rates by 25 basis points in September. The question then is how quickly they want to reach a new monetary policy stance. Even if they slightly lower the policy rate, the rate will remain at a restrictive level. They need to continue to lower rates from that point. I think it may be a 25 basis point rate cut at each meeting, for several consecutive meetings, until the policy rate is lowered to a lower level, at which point they can decide whether inflation continues to move towards the 2% target and whether to continue normalizing policy rates. It is expected that there will be a 75 basis point interest rate cut from now until December."

Lookonchain monitoring shows that after Binance announced the launch of POPCAT perpetual contracts, a whale withdrew 39,816 SOL ($5.73 million) from Binance to purchase 10 million POPCAT tokens.

Babylon announced on the X platform that the upper limit of the first stage of 1000 BTC pledges has been reached. According to Babylon's pledge platform data, the confirmed pledge TVL is currently 1000.04549438 BTC, and the number of users participating in the pledge is about 12,700.

MakerDAO announced on X platform that the Endgame plan has introduced upgraded versions of DAI and MKR called NewStable and NewGovToken. However, DAI and MKR will still be available. Unless the governance department decides otherwise, these two tokens are expected to remain unchanged in the foreseeable future. Users can continue to hold and use these two tokens as before. DAI will remain available indefinitely. Users can upgrade to NewStable and choose to switch back to DAI at any time. 1 DAI = 1 NewStable (NST). The ecosystem will ultimately explore ways to differentiate between DAI and NewStable, with DAI focusing on native crypto use cases and NewStable targeting mass adoption. MKR can still be used to vote on governance proposals.

Whale Alert monitoring shows that a Polygon Staking address transferred about 70 million MATIC tokens worth approximately $36,403,662 around 22:33 today.

According to on-chain analyst Yu Jin, decentralized stablecoin platform Reserve purchased 6.45 million CRV worth $2.03 million through market maker GSR Markets in the past 6 days. Reserve transferred $2.03 million USDC to GSR Markets' 0x0cD...a13 address and received 6,450,704 CRV at a buying cost of $0.314 per token. In addition, Reserve was also one of the buyers when Curve founder sold coins OTC in August last year. Reserve spent $1 million to buy 2.5 million CRV at a price of $0.4 per token from the Curve founder. Currently, Reserve holds a total of 19.41 million CRV ($6.38 million).

According to Turkish media reports, Andreas Szakacs, a co-founder of OmegaPro, which is believed to be involved in a cryptocurrency scam, was arrested in Turkey in July. The reports stated that Turkish authorities confiscated cold wallets and computers and traced $160 million worth of cryptocurrency transactions. Andreas Szakacs was arrested for his alleged involvement in a cryptocurrency Ponzi scheme that defrauded investors of $4 billion, according to Turkish media reports on Thursday.

market showed BNB fell below $580, currently reporting at $579.9, with a 24-hour decline of 2.44%. The market is volatile, so please be prepared for risk control.

 market shows AAVE has fallen below $140 and is now trading at $139.97, with a 24-hour drop of 6.17%. The market is volatile, so please be prepared for risk control.

According to Coinglass data, the total open position of Bitcoin futures contracts on the network is 565,800 BTC (approximately $37.94 billion).

according to market data, DOT has fallen below $4 and is now trading at $3.99, with a 24-hour decline of 4.55%. The market is fluctuating greatly, so please manage your risks carefully.