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The potential end of the U.S. government shutdown means the SEC and CFTC will resume crypto regulatory work. The SEC may prioritize support for tokenization businesses, while the CFTC plans to promote spot crypto trading. The Hello 402 contract has been exposed to risks of unlimited issuance and centralized manipulation. The probability of a Fed rate cut in December is 69.6%. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.
San Francisco Federal Reserve President Daly, who has consistently supported interest rate cuts, also sent a cautious signal on Thursday. Market expectations have quickly reversed, with short-term interest rate futures now showing only a 55% probability of a Fed rate cut in December...
With BTC maturing first, ETH lagging behind, and SOL still needing time, where are we in the cycle?
This article will interpret the first part of the roadmap (The Merge), explore what technical design improvements can still be made to PoS (Proof of Stake), and discuss ways to implement these improvements.
In Brief DYDX increases revenue allocation for token buybacks from 25% to 75%. Price gains expected due to reduced supply pressure and strategic decisions. Increased buybacks viewed as a crucial financial strategy amidst volatile conditions.
- 22:59Analysis shows US initial jobless claims slightly decreased last weekJinse Finance reported that, according to foreign media analysis of unadjusted state data, the number of initial jobless claims in the United States slightly decreased last week. For the week ending November 8, initial claims dropped to about 226,000, compared to 228,000 the previous week. Due to the government shutdown, the Department of Labor has not released weekly reports since September 25, but has provided downloadable data for most states. The latest data for Massachusetts and the Virgin Islands is missing, so the four-week average was used instead. Continuing jobless claims fell to 1.94 million last week, down from 1.96 million the previous week. Applications from U.S. federal employees declined for the third consecutive week but remained at a relatively high level. For the week ending November 8, there were 5,702 new claims nationwide under the federal employee initial unemployment compensation program. For the week ending November 1, the number of continuing claims by federal employees rose to 38,387, reaching a new high since January 2019 (during the last government shutdown).
- 22:58US FDIC: Developing "Deposit Tokenization Insurance" Guidelines, Emphasizing Consistency Between On-Chain and Traditional Deposit Legal NatureJinse Finance reported that Travis Hill, Acting Chairman of the US Federal Deposit Insurance Corporation (FDIC), stated that the agency is working on formulating guidelines for "deposit tokenization insurance" to provide regulatory direction for financial institutions planning to expand into digital asset businesses. Hill emphasized that the legal nature of deposits should remain unchanged, whether in the traditional financial system or when migrated to blockchain or distributed ledger technology.
- 22:52Canary XRP ETF (XRPC) reaches $58 million in first-day trading volume, surpassing BSOLAccording to Jinse Finance, Bloomberg ETF analyst Eric Balchunas reported that Canary Capital's XRP ETF (ticker: XRPC) reached a first-day trading volume of $58 million, making it the highest among nearly 900 newly issued ETFs this year. Balchunas pointed out that XRPC achieved a trading volume of $26 million within just the first hour of trading. The previous record was held by an exchange's Solana ETF (ticker: BSOL), which had a first-day trading volume of approximately $57 million. On its second day, the trading volume even reached $72 million.