Headlines
▌CZ: Beware of deepfake videos related to me on social media
Binance founder CZ posted on X platform, saying "There are deepfake videos of me on other social media platforms. Please be careful of scams."
▌Bitcoin demand monthly growth rate reaches new high since April
CryptoQuant analyst Julio Moreno posted on X platform that Bitcoin demand seems to be recovering. Since April 22, Bitcoin demand has been growing at the fastest monthly pace. Although the momentum of demand is still in the negative range (red bars), indicating that the selling volume still exceeds the buying volume, the degree of this imbalance has been alleviated.
Market
As of the time of writing, according to Coingecko data:
BTC's latest trading price is $63,014.07, with a daily change of +0.3%;
ETH's latest trading price is $2,468.38, with a daily change of +1.0%;
BNB's latest trading price is $575.38, with a daily change of +0.2%;
SOL's latest trading price is $146.10, with a daily change of +0.7%;
Doge's latest trading price is $0.1108, with a daily change of -0.1%;
XRP's latest trading price is $0.5386, with a daily change of -0.2%.
Policy
▌Ministry of Finance: Central government has allocated 66.7 billion yuan in employment subsidies this year
Finance Minister Lian Furan introduced in a live broadcast of the State Council Information Office: Since the beginning of this year, the central government has allocated 66.7 billion yuan in employment subsidies to support local governments in employment assistance for key groups such as college graduates and vocational skills training.
Blockchain Applications
▌Shenyu: Thank Arkham for the timely reminder and help in recovering funds from old addresses
Cobo co-founder and CEO Shenyu posted on X, saying, "I recently sorted out a batch of old addresses from more than 1,000 days ago, and some of the old contracts still had funds, but the front-end did not display them. Thank Arkham for the timely reminder and help in recovering these funds. I truly feel the warmth and progress of the industry."
Cryptocurrencies
▌TAO breaks through $650, with a 24-hour increase of 12.6%
The market shows that TAO has broken through $650, currently quoted at $653.2, with a 24-hour increase of 12.6%. The market fluctuations are relatively large, please do a good job of risk control.
▌USDC Treasury minted 50 million USDC on the Ethereum chain this morning
According to Whale Alert monitoring, around 4:08 Beijing time, the USDC Treasury newly minted 50 million USDC on the Ethereum chain.
▌The total market cap of stablecoins is $172.612 billion, with almost no growth in the past two weeks
defillama data shows that the total market cap of stablecoins is currently $172.612 billion, with a 7-day increase of 0.15%. In addition, the total market cap of USDT is $119.713 billion, with a market share of 69.35%. It is worth mentioning that the total market cap of stablecoins two weeks ago was $172.579 billion, with no significant growth.
Important Economic Dynamics
▌The probability of the Fed cutting rates by 25BP in November is 95.6%, and the probability of no cut is 4.4%
According to the CME "Fed Watch": The probability of the Fed cutting 25 basis points in November is 95.6%, and the probability of keeping the current interest rate unchanged is 4.4%. The probability of a cumulative 50 basis point rate cut by December is 84.1%, the probability of a cumulative 75 basis point rate cut is 0%, and the probability of a cumulative 100 basis point rate cut is 0%.
Jinse Encyclopedia
Rollup is a way of processing transactions on a Layer 2 protocol, which can free up precious space on the base layer. Rollup will fold transactions one by one on the second layer, sometimes folding dozens of times, and then roll them together and send the data back to Layer 1. There are two main types of Rollups, Optimistic and Zero-Knowledge (ZK) proofs.
Disclaimer: Jinse Finance, as a blockchain information platform, the articles published are for information reference only and do not constitute actual investment advice. Please everyone establish the correct investment concept, and must improve risk awareness.
