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The NYC mayoral race and Ethereum MEV trial underscore US cryptocurrency policy challenges. Cuomo’s platform and Project Crypto regulatory efforts highlight potential implications for digital asset adoption and market dynamics.
The market generally expects that, in response to downside risks in the job market, a 25 basis point rate cut is almost certain.
Mastercard is near a deal to acquire Zerohash for up to $2 billion, aiming to control stablecoin settlement infrastructure as banks and payment firms adopt tokenized deposits and blockchain-based transactions.
PayPal and OpenAI have announced a strategic partnership, with ChatGPT integrating a full-featured payment wallet for the first time, enabling users to complete purchases directly within conversations.
The U.S. government shutdown has plunged the Federal Reserve into a "data vacuum," potentially forcing it to make its December interest rate decision without access to key employment and inflation data.
Quick Take Ethereum Foundation researchers have officially set a date for the next major mainnet upgrade, dubbed Fusaka, in an All Core Devs call on Thursday. The backward-compatible Fusaka hard fork will implement about a dozen Ethereum Improvement Proposals.
- 20:07Data: In the past 24 hours, total liquidations across the network reached $643 million, with long positions liquidated for $530 million and short positions for $113 million.According to ChainCatcher, citing data from Coinglass, liquidations across the entire network reached $643 million in the past 24 hours, with long positions liquidated for $530 million and short positions for $113 million. Among them, bitcoin long positions were liquidated for $150 million, and bitcoin short positions for $36.945 million; ethereum long positions were liquidated for $126 million, and ethereum short positions for $30.2414 million. In addition, over the past 24 hours, a total of 162,856 people worldwide were liquidated, with the largest single liquidation occurring on Hyperliquid - POPCAT-USD, valued at $21.2922 million.
- 20:05Waller: The Federal Reserve will accelerate the launch of a risk-customized payment account systemJinse Finance reported that Federal Reserve Governor Waller stated on Wednesday that the Fed plans to launch a new simplified payment account system, allowing institutions to obtain customized access to payment services based on their risk profile, with the goal of putting it into operation before the fourth quarter of next year. "We are moving at the speed of a startup on this project, not dragging our feet like traditional federal regulators," Waller said when announcing the accelerated timeline. "I have always believed that we are a 'new Fed,' and we must make a difference." Waller is the chair of the Fed's internal payments committee. Last month, he first detailed the concept of such "slimmed-down accounts," which would allow certain institutions to access the Fed's payment infrastructure without other services or guarantee mechanisms attached.
- 19:45An attacker or deliberate manipulation of POPCAT caused Hyperliquid HLP to incur $4.9 million in bad debt.According to ChainCatcher, as monitored by Arkham, an attacker allegedly carried out a deliberate attack on HLP (Hyperliquidity Provider) on Hyperliquid. The attacker used 19 wallets and $3 million in principal to establish a POPCAT long position worth $20-30 million with 5x leverage, and set up a massive buy wall. Subsequently, the attacker suddenly removed the buy wall, causing the price of POPCAT to crash, and the $3 million collateral was instantly liquidated to zero. Due to a lack of liquidity, HLP was forced to take over the position, ultimately resulting in a bad debt loss of $4.9 million. Analyst @mlmabc pointed out that this act of losing $3 million within seconds was not stupidity or negligence, but a "deliberate attack" targeting HLP and Hyperliquid.