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Facing internal disagreements and immense political pressure, how will Federal Reserve Chairman Powell signal the future policy path? This may be the key factor determining the direction of the market.
The airdrop also involved controversial addresses, including individuals linked to insider trading scandals and large holders with abnormal behavior, which further intensified the community's trust crisis and exposed the project to the risk of class action lawsuits.
How does the x402 Foundation turn a single line of code into the golden key for AI payments?
The rise of Sun Wukong not only represents Justin Sun’s strategic positioning in the decentralized contract sector once again, but also symbolizes the resurgence of the Chinese DEX narrative.
In Brief JPYC Inc. released Japan's first legally recognized yen-backed stablecoin, JPYC. JPYC operates on multiple blockchains and aims to reach 10 trillion yen circulation. Japanese tech and finance firms support JPYC’s integration into various ecosystems.
In Brief Tokenomist data reveals $653 million in coin releases from October 27 to November 3. SUI, GRASS, and SIGN coins will see significant market supply increases. Daily releases continue for major projects like Solana, Worldcoin, and Dogecoin.
In Brief Ant Group applied for AntCoin trademark in Hong Kong, signaling digital finance aspirations. The company's move could align AntCoin with new stablecoin regulatory framework. AntCoin indicates Ant Group's strategic integration of traditional finance and blockchain.
In Brief ClearBank joins CPN for enhanced blockchain-based payments with Circle integration. Collaborative efforts focus on stablecoin-regulated international transfers. Innovations expected to reduce costs and dependency on traditional systems.
- 15:30Hong Kong's first Solana spot ETF is listed, with an initial scale of 21.29 million HKDChainCatcher news, Hong Kong's first Solana spot ETF—China Asset Management Solana ETF—has been officially listed on the Hong Kong Stock Exchange, becoming the third type of cryptocurrency spot ETF approved by the Hong Kong Securities and Futures Commission after Bitcoin and Ethereum. According to SoSoValue data, the first day's trading volume reached 11.39 million HKD, with total net asset value of 21.29 million HKD, equivalent to approximately 13,461 SOL. The HKD counter closed at a discount of -0.60%, indicating strong selling pressure. From the perspective of first-day trading volume, it is about half of the trading volume on April 30, 2024, when the Hong Kong Ethereum spot ETF was listed (at that time, three products were listed simultaneously). The China Asset Management Solana ETF is issued by China Asset Management (Hong Kong) and was approved by the Hong Kong Securities and Futures Commission on October 22. Its features include: Supports cash or physical redemption; Does not support additional yield through Solana staking; Management fee rate of 0.99%; Multi-currency trading: supports HKD (code 3460), RMB (code 83460), and USD trading (code 9460).
- 15:30Analysis: The Federal Reserve may announce the end of quantitative tightening this weekAccording to ChainCatcher, citing Golden Ten Data, analysts from research institution Wrightson predict that the Federal Reserve may be ready to announce the end of its balance sheet reduction this week. Recent movements in the overnight repo market indicate that financing conditions have tightened, and bank reserves have dropped to levels close to what is considered equilibrium. The Wrightson team stated that this move would be a cautious measure to avoid putting excessive pressure on the funding markets.
- 15:29Standard Chartered: If progress goes smoothly this week, BTC may never fall below $100,000 againAccording to ChainCatcher, Standard Chartered Bank stated that "if things go smoothly this week," bitcoin may never fall below $100,000 again. Analyst Geoffrey Kendrick pointed out that the bitcoin-to-gold ratio has rebounded to slightly above its previous level. This ratio compares the market capitalization of bitcoin to that of gold, and it rises as bitcoin's market cap grows. Another key signal of renewed market strength is that spot bitcoin ETFs are expected to see new capital inflows. If even half of the funds flow back into bitcoin ETFs from Monday to Wednesday this week, it would be a strong sign of renewed market sentiment. In recent weeks, capital inflows into bitcoin ETFs have lagged behind those of gold ETFs, and "some catching up is needed."