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Share link:In this post: Santiment has stated that the increase in social media chatter surrounding the Fed and interest rates could pose risks to digital assets. More than 75% of market participants are predicting a rate cut in September after Powell’s speech. Analysts are divided over the short and long-term effects on digital assets if a rate cut happens in September.
Share link:In this post: LayerZero announced its acquisition of Stargate Finance in a $120 million deal. The deal will bring Stargate under LayerZero’s ecosystem, with ZRO becoming the sole token. ZRO and STG are down today despite the deal, as holders hope for a resurgence.
Share link:In this post: Emerging markets are projected to outperform developed economies due to looser U.S. monetary policy, tighter fiscal control in EMs, and increasing investor flows. Fed rate cut expectations are boosting EM appeal, with funds like iShares Core MSCI EM ETF attracting billions since April. Strong fundamentals support EM assets, including lower inflation surprises, attractive equity valuations, and selective currency strength like the Brazilian real.
- 05:29Moore Threads co-founder Li Feng reportedly involved in ICO projects and a dispute over 1,500 bitcoins owedAccording to ChainCatcher, as reported by Foresight News, Moore Threads surged nearly 470% on its first day of listing on the STAR Market on December 5, with its market value surpassing 300 billions yuan. However, at the same time, co-founder Li Feng's past controversies in the crypto industry have once again attracted attention. The report pointed out that in 2017, Li Feng, along with Li Xiaolai and others, participated in the issuance of a token project called "Maledgecoin (MGD)." During the ICO boom, the project raised about 5,000 ETH, but several aspects of the team's background in the whitepaper were alleged to be exaggerated, and some uses of funds were not transparent. Under regulatory pressure, the project was later renamed "Alpaca Coin." In addition, in 2018, the founder of an exchange, Star, publicly accused Li Feng of failing to repay 1,500 bitcoins borrowed, and claimed that legal proceedings had been initiated in both China and the United States. The loan agreement presented by Star showed that the two parties first signed an agreement in 2014, and due to the need for an extension, it was renewed in 2017, but ultimately a breach of contract still occurred. Due to issues with cross-border enforcement and the legal recognition of virtual assets, this dispute has yet to reach a clear resolution.
- 05:29The TOP1 holder of DOYR token bought over $24 million within 5 minutes of launch, currently with an unrealized profit of $193,000.According to ChainCatcher, on-chain analyst Ai Yi has monitored that the market capitalization of DOYR has surpassed $15 million, with the TOP1 holder having an unrealized profit of $193,000 and a return rate as high as 7,858.9%. Address 0x234...655fd purchased 2.773 BNB ($2,456) at an average price of $0.0001444 within 5 minutes after the token was launched. Subsequently, during the price increase, 23.6% of DOYR was sold, and the address still holds 13 million tokens.
- 05:29Hasu comments on Vitalik's idea of an on-chain Gas futures market: weak willingness to go long may lead to insufficient liquidity and difficulty in achieving scale.Jinse Finance reported that Hasu, Lido's strategic advisor and Flashbots' strategy director, commented on X regarding Vitalik's proposal to establish an on-chain Gas futures market. He stated that this market lacks natural short positions: a large number of users are inherently exposed to Gas costs (short) and wish to hedge, but there are hardly any participants willing to take long positions on Gas in the market. Therefore, liquidity may be insufficient, making it difficult to form a meaningful market size. In response, Vitalik suggested that the protocol itself could act as the market's short side, that is, by auctioning off the rights to use future base fees on-chain (up to 2 years in advance). Although Hasu questioned the effectiveness of the incentives in this model, Vitalik explained that after users or application developers pre-purchase Gas, they move from being "natural Gas shorts" to "neutral"; at the same time, the protocol is naturally "long" due to the burning of base fees, and through pre-sales, this part of the risk can be neutralized.