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Defying Market Turbulence: World's Largest Corporate Bitcoin Holder Buys More Amid Unprecedented Volatility
"Reload Airdrop" Initiative Aims to Compensate 160,000 Memecoin Traders Hit by Market Volatility and Liquidations
High Market Turbulence Predicted as New Bitcoin Whales Navigate Financial Depths
Enterprise Value Plummets as Shares Nosedive by 70% Since June Despite Bitcoin Reserves
The US imposition of tariffs on Chinese goods has triggered a wave of risk aversion in the market, leading to a decline in the stock market and large-scale liquidations in cryptocurrencies. After a synchronized sharp drop, the spot market quickly rebounded, with BTC and ETH showing the strongest resilience. Options market trading volume reached a record high, and demand for short-term put options surged. The perpetual contracts market underwent an extreme test, with a significant increase in on-chain liquidation activities. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model continues to iterate.
- 17:30Stripe supports users in paying for subscription services with stablecoinsJinse Finance reported that payment company Stripe has announced that it now allows users to pay for subscription services using stablecoins, further expanding the application of crypto payments in everyday consumer scenarios.
- 17:20"Fed Mouthpiece": Powell Defends Federal Reserve's PolicyJinse Finance reported that "Federal Reserve mouthpiece" Nick Timiraos stated that Federal Reserve Chairman Powell's remarks on the balance sheet accomplished several things: 1) Given the recent signs of strengthening in overnight repo rates, the speech provided a mark-to-market assessment of the current quantitative tightening outlook; 2) It refuted recent criticisms (such as those from US Treasury Secretary Bessent and others) that the support measures during the pandemic—implemented at the time with broad support from Congress and the early Trump administration—were absurd policy interventions. Powell acknowledged (as he has before) that stopping quantitative easing more quickly would have seemed wiser, but given how rapidly and sharply the Federal Reserve changed course in 2022, this move had no substantial impact on the macroeconomy. 3) It also defended against efforts by bipartisan populist senators to strip the Federal Reserve of its ability to pay interest on excess reserves (IOR), warning that revoking this policy tool could cause greater disruption to the markets.
- 17:15Powell: The Federal Reserve Focuses on Overall Inflation, Not Targeting Housing PricesChainCatcher news, according to Golden Ten Data, Federal Reserve Chairman Powell stated that the Fed focuses on overall inflation, does not target housing prices, and will not directly use the purchase of mortgage-backed securities to address mortgage rate issues.