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The recent decline in bitcoin prices is primarily driven by expectations of a rate hike by the Bank of Japan, uncertainty regarding the US Federal Reserve's rate cut trajectory, and systemic de-risking by market participants. Japan's potential rate hike may trigger the unwinding of global arbitrage trades, leading to a sell-off in risk assets. At the same time, increased uncertainty over US rate cuts has intensified market volatility. In addition, selling by long-term holders, miners, and market makers has further amplified the price drop. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
The crypto industry is replacing Wall Street's privileged status within the American right-wing camp.
The market is transitioning from an emotion-driven cycle of speculation to a phase of structural differentiation driven by regulatory channels, long-term capital, and fundamental-based pricing.
The market is down again, but this may not be a good buying opportunity this time.
SCOR announced today a major strategic partnership with creative director, cultural icon, and CLOT founder Edison Chen.
- 07:10StraitX to launch Singapore Dollar and US Dollar stablecoins on Solana in early 2026ChainCatcher reported that recently, crypto infrastructure company StraitX announced on Tuesday its plan to launch the Singapore dollar stablecoin XSGD and the US dollar stablecoin XUSD on the Solana blockchain in early 2026. This will enable instant exchange between the two currencies on Solana, facilitating digital foreign exchange trading. For Solana, this will be the first Singapore dollar stablecoin, further expanding its role as a global payment chain. Currently, Solana already has 15.7 billions USD in stablecoins, but has always lacked a Singapore dollar option.
- 07:10PancakeSwap incubates on-chain prediction market Probable, set to launch on BNB ChainChainCatcher reported that PancakeSwap has announced the launch and incubation of Probable, a fully on-chain prediction market platform. The project is jointly supported by PancakeSwap and YZi Labs, and will be exclusively deployed on BNB Chain. According to the introduction, Probable is positioned as a user-centric on-chain prediction platform, featuring zero fees, fully on-chain settlement, and a simplified user experience. The platform will not charge any prediction fees in its initial phase. Leveraging BNB Chain’s low-cost and high-performance infrastructure, it will support users in predicting the trends of crypto assets, global events, sports competitions, and certain region-specific markets. In terms of mechanism, Probable adopts UMA’s Optimistic Oracle as the event adjudication tool, confirming results through a dispute-based verification method to enhance the transparency and censorship resistance of the prediction market. In addition, users can deposit with any token, and the system will automatically convert it to USDT on BNB Chain for participation in predictions, lowering the operational threshold. PancakeSwap stated that Probable is an independent project, and its team will advance product implementation and ecosystem expansion with the support of PancakeSwap and YZi Labs. The prediction market is expected to officially launch soon.
- 06:59Tom Lee: The crypto market has 200 times its current potential, and the best times are yet to comeJinse Finance reported, citing CNBC, that Tom Lee, co-founder of Fundstrat and chairman of BitMine, stated in an interview: "The best times in the cryptocurrency sector have yet to come. Currently, there are only 4 million bitcoin wallets holding more than $10,000 worth of BTC, while globally there are 900 million retirement and brokerage accounts, each with about $10,000. This means the market potential for cryptocurrency is 200 times what it is now. I think there were indeed some concerns about quantum computing in the past, and there was also a large-scale deleveraging event on October 11, but from a fundamental perspective, this year is ending at a very high level. The US government has already passed legislation and regulations favorable to cryptocurrency, and Wall Street has shown strong interest in building financial products on the blockchain, so the future direction and outlook are very clear, with high visibility, but token prices remain uncertain."