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Fed: stablecoin assets up sharply since April report
According to the Federal Reserve, stable-currency assets have grown significantly since the April report. U.S. debt sustainability poses the number one financial stability risk. Hedge fund leverage is at its highest level since 2013, or near such a level.
According to the Federal Reserve, stable-currency assets have grown significantly since the April report. U.S. debt sustainability poses the number one financial stability risk. Hedge fund leverage is at its highest level since 2013, or near such a level.
Three major U.S. indices close collectively higher, Tesla hits new high since April 2022
The three major U.S. stock indexes closed collectively higher, the Dow rose 0.97%, this week's cumulative increase of 1.96%; S&P 500 index rose 0.35%, this week's cumulative increase of 1.68%; Nasdaq rose 0.16%, this week's cumulative increase of 1.73%. Large technology stocks mixed, Tesla rose nearly 4%, Microsoft rose 1%, Apple, Nifty, Intel rose slightly; NVIDIA fell more than 3%, Google fell more than 1%, Amazon, Meta fell slightly. Among them, Tesla hit a new high since April 2022, with a total market capitalisation of $1.13 trillion; Nifty continued to hit a new high for five consecutive trading days.
The three major U.S. stock indexes closed collectively higher, the Dow rose 0.97%, this week's cumulative increase of 1.96%; S&P 500 index rose 0.35%, this week's cumulative increase of 1.68%; Nasdaq rose 0.16%, this week's cumulative increase of 1.73%. Large technology stocks mixed, Tesla rose nearly 4%, Microsoft rose 1%, Apple, Nifty, Intel rose slightly; NVIDIA fell more than 3%, Google fell more than 1%, Amazon, Meta fell slightly. Among them, Tesla hit a new high since April 2022, with a total market capitalisation of $1.13 trillion; Nifty continued to hit a new high for five consecutive trading days.
IntoTheBlock: perpetual swap contract funding rates rise above 10% as bullish sentiment rises
IntoTheBlock has released data showing that funding rates for perpetual swaps have soared to more than 10%, even reaching 20% on mainstream exchanges. Such high costs indicate growing bullish sentiment among traders. Although still below the peak in the first quarter, sustained demand at this level could suggest overheated speculation.
IntoTheBlock has released data showing that funding rates for perpetual swaps have soared to more than 10%, even reaching 20% on mainstream exchanges. Such high costs indicate growing bullish sentiment among traders. Although still below the peak in the first quarter, sustained demand at this level could suggest overheated speculation.
CryptoQuant: cex stablecoin inflows hit an all-time high of $10.2bn in the past month
CryptoQuant analysts say that cex stablecoin inflows hit an all-time high of $10.2 billion over the past month. The surge signals a growing reliance on cryptocurrency security for a range of trading activities, including the purchase of bitcoin and torrents, as well as participation in the futures market. Analysts say stablecoins such as USDT and USDC are crucial for traders, acting as a stable bridge between fiat currencies and crypto assets. These funds are used for: spot market trading: purchasing major assets such as bitcoin, ethereum, and torrents; futures trading: stablecoins as collateral for margin positions; and DeFi and Staking: taking advantage of revenue-generating opportunities in the CoinSafe ecosystem.
CryptoQuant analysts say that cex stablecoin inflows hit an all-time high of $10.2 billion over the past month. The surge signals a growing reliance on cryptocurrency security for a range of trading activities, including the purchase of bitcoin and torrents, as well as participation in the futures market. Analysts say stablecoins such as USDT and USDC are crucial for traders, acting as a stable bridge between fiat currencies and crypto assets. These funds are used for: spot market trading: purchasing major assets such as bitcoin, ethereum, and torrents; futures trading: stablecoins as collateral for margin positions; and DeFi and Staking: taking advantage of revenue-generating opportunities in the CoinSafe ecosystem.
BTC Surpasses $99,500, Renews Record Highs
The market shows that BTC breaks through $99,500, now at $99,519.99, renewing its record high, up 1.04% in 24 hours, the market fluctuates, please do a good job of risk control.
The market shows that BTC breaks through $99,500, now at $99,519.99, renewing its record high, up 1.04% in 24 hours, the market fluctuates, please do a good job of risk control.
Base crosses $80bn in Uniswap protocol volume
Uniswap Labs said in a post on the X platform that Base surpassed $80bn in trading volume in the Uniswap protocol, up from $1.38bn earlier this year.
Uniswap Labs said in a post on the X platform that Base surpassed $80bn in trading volume in the Uniswap protocol, up from $1.38bn earlier this year.
Ledger: currently manages about 20% of the world's crypto assets, worth about $400 billion
Hardware wallet maker Ledger has sold more than 7 million devices and now manages about 20% of the world's crypto assets, worth about $400 billion, according to Forbes. As the price of bitcoin climbed from $68,000 to $98,000, Ledger's hardware sales tripled and transactions on its Ledger Live app surged 3.5 times, according to CEO Pascal Gauthier, who said the company is expanding from cryptocurrency security to the broader field of cybersecurity. The Security Key app, launched in September, has entered the authentication market, which is expected to reach $40 billion by 2030.
Ledger has closed a total of $600 million in funding, including a $380 million Series C valued at $1.5 billion in 2021 and an additional $108 million in early 2023 at the same valuation. The company says it is already profitable and is on track to reach $1 billion in cumulative ten-year revenues.
Hardware wallet maker Ledger has sold more than 7 million devices and now manages about 20% of the world's crypto assets, worth about $400 billion, according to Forbes. As the price of bitcoin climbed from $68,000 to $98,000, Ledger's hardware sales tripled and transactions on its Ledger Live app surged 3.5 times, according to CEO Pascal Gauthier, who said the company is expanding from cryptocurrency security to the broader field of cybersecurity. The Security Key app, launched in September, has entered the authentication market, which is expected to reach $40 billion by 2030.
Ledger has closed a total of $600 million in funding, including a $380 million Series C valued at $1.5 billion in 2021 and an additional $108 million in early 2023 at the same valuation. The company says it is already profitable and is on track to reach $1 billion in cumulative ten-year revenues.
An address holding 965,000 DOGEs was activated after 10.9 years of dormancy.
At around 23:15 GMT, an address holding 965,000 DOGEs (currently valued at around $389,200) was activated after 10.9 years of dormancy.
At around 23:15 GMT, an address holding 965,000 DOGEs (currently valued at around $389,200) was activated after 10.9 years of dormancy.
An address holding 965,000 DOGEs was activated after 10.9 years of dormancy.
At around 23:15 GMT, an address holding 965,000 DOGEs (currently valued at around $389,200) was activated after 10.9 years of dormancy.
At around 23:15 GMT, an address holding 965,000 DOGEs (currently valued at around $389,200) was activated after 10.9 years of dormancy.
Bitget is now live on the U-native MEMEFI perpetual contract
Bitget has announced that it has launched the U-denomination MEMEFI perpetual contract, with a maximum leverage of 20x, and has opened up the MEMEFI contract strategy for trading at the same time.
Bitget has announced that it has launched the U-denomination MEMEFI perpetual contract, with a maximum leverage of 20x, and has opened up the MEMEFI contract strategy for trading at the same time.
