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However, current data indicates that it will be difficult to achieve a breakthrough in this field in the short term.
Over $2.7 trillion in gold market value disappeared within just one week. As investors shift their risk, bitcoin may become the next major liquidity magnet.



Changpeng Zhao receives a pardon from Trump; what is the significance?


JPYC Introduces Japan's First Stablecoin, Underpinned by Bank Deposits and Government Bonds, on Ethereum and Polygon Networks

Whales Pull $188M from Binance Amidst Skyrocketing Holder Accumulation Ratio, Indicating High Investor Confidence in Chainlink

Following the 33rd Quarterly Token Burn, BNB Reclaims 4th Spot and Eyes $1,500 Price Point
- 03:50Yesterday, the net inflow of US spot Bitcoin ETFs was $149.23 million.According to ChainCatcher, as monitored by crypto analyst Trader T, the net inflow of US spot bitcoin ETFs reached 149.23 million USD.
- 03:49CZ comments on the cumulative burn of 1.44 million BNB in the past 3 months: BNB is deflationaryJinse Finance reported that over the past three months, a total of 1,441,281 BNB have been burned, which is equivalent to burning 11.12 BNB per minute. In response, the founder of a certain exchange, CZ, commented that this is roughly equivalent to burning about $11,000 per minute. He added that he had never considered the issue from this perspective before. BNB is deflationary.
- 03:48Canada accelerates stablecoin regulation, new rules may be announced in federal budgetJinse Finance reported that, according to informed sources, Canada is currently negotiating regulatory rules for stablecoins and may announce a major update in the federal budget to be released next week. These sources stated that government officials have been engaged in in-depth discussions with regulators and industry participants for weeks. It is reported that Canadian Finance Minister Chrystia Freeland will address this topic in the budget document to be released on November 4. In July this year, the United States passed the Genius Act, authorizing financial regulators to oversee stablecoin issuers and their reserve management methods, and requiring issuers to comply with anti-money laundering and sanctions evasion regulations. This new law has been welcomed by many in the crypto industry. However, in Canada, due to the lack of relevant legislation, regulators have stated that stablecoins may constitute securities or derivatives. Some experts believe that they should be regulated as payment instruments and placed under strict supervision.