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Bitcoin has recently plummeted by 28.57%, leading to market panic and a liquidity crunch. However, long-term structural positives are converging, including expectations of Federal Reserve rate cuts and SEC regulatory reforms. The market currently faces a contradiction between short-term pressures and long-term benefits. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved.
The Stable public blockchain has launched its mainnet. As a project associated with Tether, it has attracted significant attention but performed poorly in the market, with its price plummeting by 60% and facing a crisis of confidence. It is also confronted with fierce competition and challenges related to its tokenomics. Summary generated by Mars AI. The accuracy and completeness of the content are still being iteratively updated.
We are undergoing a “purification” that the market needs, which will make the crypto ecosystem better than ever before, potentially improving it tenfold.
🌟🌟Core Data on ETH Staking🌟🌟 1️⃣ Ebunker Ethereum staking annual yield: 3.27% 2️⃣ stET...
- 02:02Putin: The development of new payment tools is evolving naturally, and no one can ban BitcoinChainCatcher news, according to a report by Jiemian News, Russian President Putin stated at the "Russia Calling!" investment forum that the development of new payment tools is progressing naturally and inevitably. "For example, bitcoin—who can ban it? No one. Who can ban the use of other electronic payment tools? No one, because these are new technologies. No matter what happens, no matter what happens to the US dollar, these tools will develop in some way, because everyone will strive to reduce costs and improve reliability," Putin said. "If the global usage of the US dollar continues to decline, it will certainly undermine the foundation of its economic strength. This is very clear," Putin said. "A reasonable question is: if foreign exchange reserves can be lost so easily, why accumulate them?" He stated that the current US government is undermining the dollar's role as a global reserve currency by "using it for political purposes," forcing many countries to turn to alternative assets, including cryptocurrencies.
- 02:01Data analytics firm Inveniam announces acquisition of on-chain asset tokenization platform Swarm MarketsChainCatcher News, according to DL News, data analytics company Inveniam has announced the acquisition of the on-chain asset tokenization platform Swarm Markets. The transaction amount was not disclosed. Swarm Markets co-founder Philipp Pieper stated that this deal will provide scalable on-chain asset infrastructure for professional and institutional investors such as asset managers, private equity and credit institutions, custodians, and market makers. In October this year, Inveniam had already acquired decentralized cloud storage provider Stor. With Swarm Markets' years of compliance experience and Inveniam having already tokenized over $200 billions in private assets, the combination of the two will bring transparency and liquidity innovation to the traditionally opaque private markets.
- 01:56Hyperliquid co-founder responds to critics: ADL is unrelated to HLP, denies claims of "destroying $653 million in profits"ChainCatcher reported that Hyperliquid co-founder Jeff posted on X to refute recent allegations regarding the ADL (Auto-Deleveraging) mechanism, stating that some commentators have drawn incorrect conclusions without understanding the core concepts. He emphasized that the ADL mechanism "does not transfer profits and losses to HLP," and pointed out that its handling of users and HLP is completely symmetrical, adding that "ADL has nothing to do with HLP or back-to-back liquidation." Jeff also denied the claim that "ADL destroyed $653 million in profits," stating that such comments are based on misunderstandings. He criticized certain self-proclaimed academic authors for "using complex machine learning terminology to package erroneous arguments," and stressed that one should understand the subject of research before publishing studies or commentary.