The total market value of stablecoins increased by 0.38% in the past week, approaching the highest level since May 2022
According to DefiLlama data, the total market value of stablecoins has grown by 0.38% in the past week, now reaching 173.117 billion US dollars, close to the highest level since May 2022 (i.e. 173.145 billion US dollars on October 6). Among them, the total market value of USDT has increased by 0.3%, now reaching 120.441 billion US dollars, with a market share of 69.62%.
2024-01-01 20:00:00SHARE
Archax acquires Spanish brokerage firm KSCM to expand European presence
 according to CoinDesk, UK-based cryptocurrency exchange Archax has acquired Spanish brokerage firm King & Shaxson Capital Markets to expand its European business. The completion of the transaction currently requires approval from the Spanish regulatory authorities. The transaction value has not been disclosed. This acquisition will enable the company, registered with the Financial Conduct Authority (FCA), to expand its existing brokerage business, multilateral trading facility (MTF), and custody services to Europe, while adding crypto derivatives to its license.
2024-01-01 20:00:00SHARE
A whale withdraws 2.4 million USDC again to bet on Trump winning the US election
Lookonchain monitoring shows that the whale "BetTom42" withdrew 2.4 million USDC from Kraken today to bet on Trump winning the US election. In the past three days, this whale has spent $3.4 million betting on Trump winning the US election.
2024-01-01 20:00:00SHARE
Analysis: On the eve of the US election, funds are betting on a type of asset that is not gold, not bonds, and not the US dollar
according to an analysis by the Hong Kong Economic Daily, Bitcoin recently broke through and is expected to reach a historic high in speculation about the potential results of the US election. The correlation between the price of Bitcoin and the inflow of funds is expected to further increase, and liquidity will become an increasingly important price driver. Last week, global funds poured into the US market's Bitcoin spot trading fund, betting on Trump's victory in the US election, and his support for Bitcoin was seen as a "Trump trade". The market expects the size of the US Bitcoin ETF to double by 2025 and quadruple by 2027. As for Hong Kong investment options involving Bitcoin, we will have to wait and see.
2024-01-01 20:00:00SHARE
Coinbase Chief Legal Officer Accuses U.S. FDIC of Taking Secret Action to Suppress Crypto Industry
Paul Grewal, Chief Legal Officer of Coinbase, accused the Federal Deposit Insurance Corporation (FDIC) of taking secret actions to suppress the cryptocurrency industry. Grewal claimed that documents obtained through the Freedom of Information Act showed a series of so-called suspension letters. Allegedly, in these letters, the FDIC instructed banks to delay or stop providing services to cryptocurrency companies. He described these letters as "shameful examples of US government agencies trying to cut off the financial channels of law-abiding American companies" and pointed out that the FDIC unfairly targeted legitimate cryptocurrency companies, restricting their access to banking services. Documents shared by Coinbase showed that FDIC officials urged banks to avoid launching or expanding cryptocurrency-related services due to concerns about security, stability, and potential consumer risks. In each case, the FDIC requested that banks wait until further review was completed - a process that Coinbase believes sets unfair barriers for cryptocurrency companies.
2024-01-01 20:00:00SHARE
Robinhood Shares Drop Over 10% in Pre-Market Trading After Q3 Earnings Report
Robinhood's shares fell by over 10% in premarket trading on Thursday after the release of its Q3 earnings report. JPMorgan noted that the negative response was expected due to the stock's significant outperformance this year. JMP, a broker, raised its Robinhood price target from $30 to $33. Despite the drop, Robinhood's shares have more than doubled this year.
2024-01-01 20:00:00SHARE
Paxos: Plans to release the first forensic report on the launch of Singapore's compliant stablecoin USDG in cooperation with DBS Bank this month
according to official sources, Paxos announced that it is expected to release the first attestation report for the Singapore compliant stablecoin USDG, which is launched in partnership with DBS Bank, this month (November 2024). Paxos stated that the attestation report is expected to be issued by the independent third-party accounting firm Enrome LLP, and the review will be conducted in accordance with the standards set by the Institute of Singapore Chartered Accountants. It is reported that Paxos will subsequently release proof reports every month, aiming to establish community trust and ensure complete transparency and reliability of financial data.
2024-01-01 20:00:00SHARE
PlanB: Getting ready for the US election
cryptocurrency analyst PlanB stated on social media, "Bitcoin's October closing price was $70,231, slightly lower than March's monthly closing price of $71,285. Be prepared for the US election."
2024-01-01 20:00:00SHARE
Binance will launch TROYUSDT perpetual contract
Binance will launch TROYUSDT perpetual contract with a maximum leverage of 75x on October 31, 2024 at 21:00 (UTC+8). The settlement frequency of the contract is every four hours, and the initial funding rate is +2.00%/-2.00%.
2024-01-01 20:00:00SHARE
Bitcoin mined an empty block at height 868664 2 hours ago
According to mempool data, Golden Finance reported that miners dug out empty blocks (blocks that only contain the block reward Coinbase transaction) at Bitcoin height 868664, with a time interval of only 42 seconds from the previous block height. Miners package empty blocks for economic reasons, which is the wisest choice for them. In order to fully utilize this time for mining and avoid conflicts with transactions packaged in the parent block, miners cannot fill the block with transactions, which means they can only try to mine empty blocks.
2024-01-01 20:00:00SHARE
This week, the U.S. Bitcoin spot ETF had a cumulative net inflow of US$2.2202 billion
According to Farside Investors data, this week's cumulative net inflow of US Bitcoin spot ETF was 2.2202 billion US dollars, of which: BlackRock IBIT: +2.1489 billion US dollars; Fidelity FBTC: +89.8 million US dollars.
2024-01-01 20:00:00SHARE
Australian police seize $142,000 in cryptocurrency for the first time after law empowers them to seize digital assets
the Victoria Police Department in Australia has successfully seized cryptocurrency worth $142,679 for the first time after recent legal amendments allowed police to control digital assets. On October 31, the Victoria Police Department released its annual report for 2023-2024, highlighting the newly authorized "power" after adding "Section 92A to seize digital assets under a search warrant" in the "1997 Confiscation Act". Since August 1, 2023, the legal amendment has authorized Victoria police to seize cryptocurrency held by criminals through search warrants.
2024-01-01 20:00:00SHARE
Chan Mo-po: The Hong Kong Monetary Authority and Saudi PIF set up a US$1 billion fund to invest in financial technology and other fields
 Hong Kong Financial Secretary Paul Chan Mo-po published a blog post stating that his delegation had achieved fruitful results during their visit to Riyadh, Saudi Arabia last week. The Hong Kong Monetary Authority and the Public Investment Fund of Saudi Arabia (PIF) signed a memorandum of understanding to jointly establish a $1 billion investment fund, which will invest in Hong Kong and Greater Bay Area enterprises in the fields of manufacturing, renewable energy, fintech, and healthcare in Saudi Arabia. In addition, a fintech company from Hong Kong Cyberport signed a commercial agreement with local partners.
2024-01-01 20:00:00SHARE
Microsoft officially announced that it will end support for Windows 10 on October 14, 2025
 Microsoft has officially announced that it will terminate support services for Windows 10 on October 14, 2025 and strongly recommends that users migrate to Windows 11 system as soon as possible. Microsoft stated that starting from October 14, 2025, Windows 10 will no longer receive security updates, and continuing to use it will face constantly evolving and adjusted malicious threats, which pose security risks. Microsoft stated that users can first check if their current Windows 10 PC can be upgraded to Windows 11, or consider purchasing a new, more secure PC.
2024-01-01 20:00:00SHARE
Nansen Solana on-chain analytics now available to users
blockchain analysis platform Nansen has announced that its Solana chain analysis features are now available to users for free, including basic Solana token and address research, as well as providing real-time data and labels.
2024-01-01 20:00:00SHARE
FTX liquidation address transferred 11,400 SOL to Binance, worth about $2.66 million
PeckShieldAlert monitoring shows that the address marked as the FTX liquidation person's main wallet has just transferred about 11,400 SOL tokens (worth about $2.66 million) to Binance.
2024-01-01 18:00:00SHARE
A certain address bought 12.5 million CHILLGUY in 12 days, with a total profit of $6.14 million
Lookonchain monitoring shows that 12 days ago, a trader spent only 0.75 SOL (160 USD) to purchase 12.5 million CHILLGUY on Pump.fun, and then sold 1.49 SOL (35.4 thousand USD) at a price of 28,000 CHILLGUY. The trader still holds 9.62 million CHILLGUY (6.1 million USD), with a total profit of 6.14 million USD.
2024-01-01 18:00:00SHARE
Fed's Harker: We need to start cutting rates
Harker of the Federal Reserve said that we need to start cutting interest rates. This process should continue to move forward.
2024-01-01 18:00:00SHARE
A smart money address bought UBC with 40 SOL yesterday and now has a floating profit of $990,000
The Data Nerd reported that yesterday, the smart money address starting with BteM1 exchanged about 14.29 million UBC on Solana for 40 SOL (about $9,500). Just now, this investment has appreciated to $1 million, with an unrealized profit of about $990,000 (a return on investment of up to 100 times). He has not sold any tokens yet.
2024-01-01 18:00:00SHARE
Agency: Powell acknowledges Fed's growing concerns about job market
Karl Schamotta, chief market strategist at forex company Corpay, said that the key sentence in Powell's speech was that they will "make every effort to support a strong labor market while making further progress in price stability." In my opinion, this does indicate that Powell acknowledges the increasing concerns of policymakers about the direction of the labor market. Powell did not mention the possibility of a 50 basis point rate cut in September, which to some extent also aligns with market expectations.
2024-01-01 18:00:00SHARE