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Cyber co-founder starts a new venture.
A cryptocurrency practitioner who once held libertarian ideals became disillusioned after reflecting on a career spent building "financial casinos," sparking a profound reflection on the divergence between the original aspirations and the current reality of the crypto space.
Powell pointed out that the U.S. labor market is cooling, with hiring and layoffs slowing down and the unemployment rate rising to 4.4%. Core PCE inflation remains above the 2% target, but service inflation is slowing. The Federal Reserve has cut interest rates by 25 basis points and started purchasing short-term Treasury bonds, emphasizing that the policy path needs to balance risks between employment and inflation. Future policies will be adjusted based on data. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its generated content are still in the process of iterative improvement.
RaveDAO is rapidly growing into an open cultural ecosystem driven by entertainment, becoming a key infrastructure for Web3 to achieve real-world adoption and mainstream breakthrough.
The Federal Reserve has cut interest rates by another 25 basis points as expected, still projecting one rate cut next year, and has launched an RMP to purchase $40 billion in short-term bonds.
- 05:14Total net inflow of spot Bitcoin ETFs reached $224 million yesterday, with BlackRock IBIT leading at $193 million.ChainCatcher News: According to SoSoValue data, the total net inflow of Bitcoin spot ETFs is $224 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $193 million. Currently, IBIT's historical total net inflow has reached $62.604 billion. The second is Fidelity ETF FBTC, with a single-day net inflow of $30.5751 million. Currently, FBTC's historical total net inflow has reached $12.281 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $122.431 billion, and the ETF net asset ratio (market value as a proportion of Bitcoin's total market value) has reached 6.63%. The historical cumulative net inflow has reached $57.932 billion.
- 04:52Polygon Foundation CEO: Plans to increase TPS to 5,000 transactions per second within the next 6 months, and further boost it to 100,000 transactions per second within 12-24 monthsAccording to ChainCatcher, Polygon Foundation CEO Sandeep Nailwal disclosed that the recent Madhugiri hard fork upgrade on the Polygon network has increased the on-chain transactions per second (TPS) by 40%, reaching 1,400 TPS. Sandeep Nailwal stated that the team has established a clear technical roadmap, aiming to increase TPS to 5,000 within the next six months, making Polygon one of the highest throughput blockchain networks in the industry. In addition, the second phase of the upgrade plans to further increase TPS to 100,000 within 12-24 months, with the goal of making it the preferred blockchain platform for global payments.
- 03:56Report: Outdated algorithm caused an additional $650 million loss on the Hyperliquid platformJinse Finance reported that it has been two months since the crypto market crash on October 10, during which $1.9 billion in positions were liquidated. Gauntlet CEO Tarun Chitra pointed out that the common Auto-Deleveraging (ADL) mechanism led to large-scale losses on Hyperliquid. In a lengthy article, Chitra stated that over $650 million was automatically deleveraged from profitable traders' positions. He noted that this amount is 28 times the potential bad debt faced by the relevant exchanges. This "massacre of innocents" could allegedly have been avoided with new ADL algorithms, which are detailed in a 95-page report. Chitra defines Auto-Deleveraging (ADL) as an "ultimate backstop"—a mechanism that compensates for bad debt from insolvent positions by "cutting the position value" of profitable traders. This "queue algorithm," which has been in use for a decade, is currently widely adopted by several perpetual contract platforms, including a certain exchange, Hyperliquid, and Lighter.