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Due to the reassessment of Federal Reserve rate cut expectations and the fading rebound in U.S. stocks, liquidations in the crypto market continue, with significant outflows from ETF funds and options traders increasing bets on volatility. Institutions have warned that bitcoin has weak technical support above $90,000.






As platforms like Uniswap and Lido implement token buybacks, protocols are facing questions about control and sustainability amid growing concerns over centralization.

The US SEC Chairman further elaborated on the "Project Crypto" initiative, outlining new boundaries for token classification and regulation.

Since the launch of GBTC in 2013, Grayscale's assets under management have exceeded $35 billion.
- 02:10Vanguard executive: Bitcoin is a speculative asset, but may have practical applications during inflation or turmoilChainCatcher news, according to a report by Cointelegraph, John Ameriks, Global Head of Quantitative Equity at Vanguard, stated that bitcoin is purely a speculative asset, similar to collecting toys. Although John Ameriks expressed criticism, he also noted that in cases of high inflation in fiat currencies or political turmoil, this cryptocurrency could find real-world use cases beyond market speculation.
- 02:10A certain whale address spent 539.6 BNB to purchase 1.65 million RAVE tokens.According to ChainCatcher, monitored by Lookonchain, a whale address starting with 0x2ee6 spent 539.6 BNB (approximately $476,000) to purchase 1.65 million RAVE tokens 8 hours ago. The current value has reached $950,000, with an unrealized profit of over $474,000 and a return rate close to 100%. .
- 02:10An exchange: The Federal Reserve's "stealth QE" will support the crypto market, and the policy environment may be more accommodative than expected.ChainCatcher news, a certain exchange posted on social media stating that the Federal Reserve's announcement of a 25 basis point rate cut this week was in line with market expectations, but its plan to implement Treasury reserve management purchases within the next 30 days can at least be seen as a positive signal. The specific arrangements for this plan are as follows: · Initial operation size of $4 billion · Launch date is December 12. This liquidity injection comes earlier than expected, and reserve growth may continue until April 2026. We believe that the Federal Reserve's shift from balance sheet reduction to net injection can be regarded as "mild quantitative easing" or "stealth QE," which may provide support for the cryptocurrency market. Considering the reserve management purchase plan and the federal funds futures market's expectation of two more rate cuts (a total of 50 basis points) in the first nine months before 2026, the policy environment may be more accommodative than expected.