the Federal Reserve's Bostic said that the Fed is expected to cut interest rates twice this year. Many things could happen in the future, leading to an increase or decrease in the rate cut. The current benchmark interest rate is in a moderately tight state compared to the neutral rate of 3%-3.5%. Due to upcoming policy changes, economic slowdown is a major focus, but businesses expect 2025 to be a stable year. As of now, the economy continues to show resilience.
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Fed's Bostic: Fed expected to cut rates twice this year
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Circle minted 500 million USDC on the Solana network.
according to Onchain Lens monitoring, Circle has minted 500 million USDC on the Solana network. Since October 11, Circle has issued a total of 18 billion USDC on the Solana network. -
Sources familiar with the matter: JPMorgan Chase is considering offering cryptocurrency trading services to institutional clients.
according to Bloomberg, as major global banks deepen their involvement in the cryptocurrency asset class, JPMorgan Chase is considering offering cryptocurrency trading services to its institutional clients. A knowledgeable source revealed that JPMorgan is evaluating what products and services its market division can offer to expand its business in the cryptocurrency field. The source stated that these products and services may include spot and derivatives trading. -
Federal Reserve Governor Milan: We believe that the policy rate will eventually be lowered.
Federal Reserve Board member Mylan stated that due to the US government shutdown, there were some anomalies in last week's inflation data; he believes that the US will not experience an economic recession in the near term, but if policies are not adjusted, the US will face an increasing risk of economic recession. We believe that policy interest rates will eventually be lowered. -
BlackRock deposited 819.39 BTC, worth approximately $73.72 million, into Coinbase.
according to Onchain Lens monitoring, BlackRock deposited 819.39 BTC into Coinbase, worth approximately 73.72 million USD. -
Ghana passes law legalizing the use of cryptocurrency
according to Bloomberg, the Ghanaian Parliament has approved a cryptocurrency legalization bill aimed at addressing the expanding use of cryptocurrencies in the country but the lack of regulation. According to Johnson Asiamah, Governor of the Bank of Ghana, the newly passed Virtual Asset Service Providers Act will facilitate the licensing of crypto platforms and the regulation of related activities. -
CryptoQuant: Bitcoin network activity cools, market shows clear bearish signs.
CryptoQuant published an analysis stating that the Bitcoin market continues to be in a bear market state, with multiple network indicators showing a significant cooling of activity. Data shows that the 30-day moving average of Bitcoin is below the 365-day moving average (-0.52%), and the bull-bear cycle indicator confirms the current bear market pattern. The number of network transactions has dropped from about 460,000 to about 438,000, fees have decreased from $233,000 to $230,000, and highly active addresses have reduced from 43.3K to 41.5K, all indicating reduced speculative activity and that the market is in a defensive phase. -
ETH falls below $3,000
the market shows that ETH has fallen below $3000, currently at $2999.5, with a 24-hour increase of 0.86%. The market is highly volatile, please manage your risks accordingly. -
BTC breaks through $89,000
market shows BTC breaking through $89,000, currently at $89,014.5, with a 24-hour increase of 0.85%. The market is highly volatile, please manage your risk accordingly. -
F2Pool co-founder: Last year, 500 bitcoins were transferred in to confirm whether the private key had been leaked; hackers took 490 bitcoins.
regarding the community's heated discussion about the 50 million USDT phishing attack, F2Pool co-founder Wang Chun tweeted, "Last year, I suspected that my private key was leaked. To confirm whether the address was really hacked, I transferred 500 bitcoins to that address. To my surprise, the hacker 'generously' only took 490 bitcoins, leaving me 10 bitcoins, enough for me to make a living."
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