News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Quick Take TON’s gaming lead said “around 20%” of Telegram’s 950 million global users were actively playing games. Thanks in large part to gaming, in roughly one year, the number of accounts on the TON network rose from approximately 4 million to 128 million.
Quick Take U.S. spot Bitcoin ETF flows, stablecoins all-time high supply, Solana leading a DeFi fee resurgence, the rise and fall of SocialFi and Polymarket betting soaring ahead of the U.S. election were among the most notable data trends of the year.
Quick Take 2025 tokenomics trends include ICO resurgence, shorter vesting, and AI-driven launches, according to a panel at The Block’s Emergence conference in Prague. Misaligned token distribution harms stability. Flexibility in token design is crucial for fostering growth and community engagement.
XRP trading volume in South Korea surpasses Bitcoin and Ethereum on major exchanges. UpBit sees XRP accounting for 13.67% of its total volume, leading Bitcoin and Ethereum. The surge in XRP volumes comes amid heightened market speculation due to political developments.
Elon Musk’s rebranding as Kekius Maximus sparks a memecoin frenzy on X. KEKIUS memecoin surged over 500% after Musk’s playful name change. Musk’s blend of memes, gaming, and crypto fuels curiosity and market speculation.
XRP stays within the $2-$3 range, showing stability amid broader market volatility. Increased trading volume highlights continued investor interest in XRP despite price dip. Technical indicators like RSI and MACD suggest potential further declines for XRP.
Solana dominates stablecoin transfers with $10.5T, leveraging speed and low fees. Ethereum and Tron secure top spots, showcasing strength in DeFi and efficiency. Emerging chains like Base and Arbitrum highlight growing Layer-2 adoption trends.
- 20:01Federal Reserve Governor Waller Supports Balance Sheet Reduction and Adjustment of Asset CompositionAccording to Jinse Finance, Federal Reserve Governor Waller stated that the balance sheet should continue to be reduced, including adjusting the asset structure to increase the proportion of short-term assets, but there may be no need for excessive cuts. "I believe it is very likely that we will continue, for some time, to allow securities that mature or are prepaid to naturally roll off the balance sheet, thereby reducing reserve balances," Waller said in a speech prepared for a Dallas Fed event on Thursday. In his speech, which focused on the balance sheet, Waller advocated for balance sheet reduction, but to a lesser extent than some Fed watchers and economists have suggested. He noted that current bank reserves remain "ample" (above the Fed's defined "sufficient" standard), and the ideal level should be maintained at around $2.7 trillion. Including the Fed's holdings of currency in circulation and the Treasury General Account balance, the total balance sheet would reach $5.8 trillion, compared to the current $6.7 trillion.
- 19:58Fed’s Daly: Expects Two Rate Cuts in 2025, Tariff Impact May Be Weaker Than ExpectedAccording to a report by Jinse Finance, San Francisco Federal Reserve President Mary Daly stated that she still believes there could be two interest rate cuts this year, and noted that the impact of tariffs on prices is increasingly likely to be milder than previously expected. Daly revealed that some companies are negotiating to share the costs of tariffs, thereby reducing the proportion passed on to end consumers. She said that the U.S. economy is in good condition, with economic growth and consumer spending slowing down, but not weakening. Inflation is moving toward the Federal Reserve’s 2% target. “I think there may be two rate cuts, but everyone’s expectations are uncertain, and we are considering implementing rate cuts in the fall,” Daly said.
- 19:32Bitcoin Hits Another All-Time High, Now Trading at $112,438BlockBeats News, July 11—According to market data from a certain exchange, Bitcoin has reached a new all-time high, surpassing $112,000. It is currently quoted at $112,438, marking a 24-hour increase of 2.99%.