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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.
- 23:14Canary's spot XRP ETF reaches $58 million in first-day trading volume, surpassing Bitwise's Solana ETFAccording to ChainCatcher, citing The Block, Bloomberg senior ETF analyst Eric Balchunas stated that Canary Capital's XRP ETF (ticker XRPC) began trading on Thursday morning, reaching a first-day trading volume of $58 million, setting a new high for first-day trading volume among nearly 900 newly listed ETFs this year. Earlier, Balchunas mentioned on the X platform that XRPC recorded a trading volume of $26 million in its first hour. Previously, this record was held by Bitwise's Solana ETF (ticker BSOL), which had a first-day trading volume of about $57 million, with the second day's volume soaring to $72 million. When discussing the launches of XRPC and BSOL this year, Balchunas noted that these two funds are in a league of their own, as the third-ranked fund's trading volume lags behind by more than $20 million.
- 23:14The US Federal Deposit Insurance Corporation is formulating guidelines on tokenized deposit insurance.ChainCatcher News, according to Bloomberg, the US Federal Deposit Insurance Corporation (FDIC) is formulating guidelines for tokenized deposit insurance to help financial institutions expand their digital asset business. Acting Chairman Travis Hill stated that the transfer of deposits from the traditional financial world to the blockchain or distributed ledger world should not change their legal nature. Hill made this remark as various parties are debating the following issue: if consumer funds are lost, how should fintech companies that are not directly covered by FDIC insurance fully compensate customers? Many fintech companies cooperate with FDIC-insured banks to offer products covered by "pass-through deposit insurance," but if the third-party partner goes bankrupt, this protection may face challenges and may not effectively safeguard consumer rights. The US government's deposit insurance fund is a cornerstone of the financial system, designed to protect depositors in the event of bank failures.
- 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).