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The role of cryptocurrency in Argentina has fundamentally changed: it has shifted from a novelty that aroused curiosity and experimentation among the public, including Milei himself, to a financial tool for people to protect their savings.
The US payment system is preparing to integrate the assets and infrastructure you are already trading.
Bitcoin price rebounded to $113,800 on Sunday, gaining 10% as investors shifted capital from Gold to DeFi-based BTC exposure.
Quick Take BIP-444 calls on Bitcoin developers to restrict the amount of arbitrary data that can be attached to transactions on the network. Supporters are concerned that illegal content could be added to Bitcoin following the recent v30 Core update, which uncapped OP_RETURN data limits; detractors say the proposal amounts to protocol-level censorship. The change would require a soft fork of the blockchain, and would last about a year, during which time developers could evaluate longer-term solutions.
Quick Take About 62,000 BTC, worth $7 billion at current prices, has moved out of long-term holder wallets since mid-October, according to Glassnode data. More liquid supply makes it harder for Bitcoin’s price to rally without strong external demand.
Quick Take Bitcoin rose above $115,000 as traders assess easing macroeconomic concerns. As prices recovered, nearly $350 million worth of short positions were liquidated in the past day. Analysts expect the year-end ‘Santa Rally’ to take place again this year.
- 17:21In the past hour, the total liquidation across the network reached $41.47 million, mainly long positions.BlockBeats News, November 1, according to Coinglass data, in the past hour, the total liquidations across the network reached $41.47 million, with long positions accounting for $40.48 million and short positions accounting for $990,000. In the past 24 hours, a total of 160,289 people were liquidated globally, with the total liquidation amount reaching $539 million. The largest single liquidation occurred on Hyperliquid - BTC-USD, valued at $8.5337 million.
- 17:06Bostic: A rate cut in December is not a foregone conclusionAccording to ChainCatcher, citing a report from Golden Ten Data, Atlanta Federal Reserve President Bostic made it clear on Friday that a rate cut in December is not a foregone conclusion. He emphasized that each meeting involves on-the-spot decision-making, with no predetermined path, and that the principle of data dependency will not be abandoned. Although the market holds strong expectations for a rate cut by the end of the year, Federal Reserve Chairman Powell stated after this week's policy meeting that it is wise not to consider a December rate cut as a certainty. Bostic pointed out that the dot plot values indicate differing views, and decisions will depend on data to ensure appropriateness.
- 17:03Steak 'n Shake announces establishment of strategic Bitcoin reserveJinse Finance reported that American fast-food chain Steak 'n Shake has announced the establishment of a strategic bitcoin reserve. All payments made with bitcoin will be deposited into its strategic bitcoin reserve. Over the next 12 months, Steak 'n Shake will donate 210 satoshis from the sales of each bitcoin meal to Open Sats Initiative, Inc.