Headlines
▌BTC Breaks $101,000
The market shows that BTC has broken through $101,000, currently trading at $101,051.99, with a 24-hour increase of 1.23%. The market fluctuations are relatively large, please manage the risks accordingly.
▌Cardano Foundation's Twitter Account Has Been Hacked
According to Aggr News, the Cardano Foundation's Twitter account has been hacked.
Market
As of the time of writing, according to Coingecko data:
BTC's latest trading price is $100,827, with a daily change of +0.9%;
ETH's latest trading price is $3,993.86, with a daily change of -0.2%;
BNB's latest trading price is $741.03, with a daily change of -1.3%;
SOL's latest trading price is $236.67, with a daily change of -0.7%;
DOGE's latest trading price is $0.4642, with a daily change of +2.6%;
XPR's latest trading price is $2.59, with a daily change of -0.4%.
Policy
▌Ripple's Chief Technology Officer Criticizes the FDIC's Actions Towards Cryptocurrencies
New documents show that in 2022, the Federal Deposit Insurance Corporation (FDIC) advised banks to pause crypto-related activities due to unresolved regulatory risks. Coinbase's investigation found that the FDIC has blocked financial institutions from serving the crypto industry more than 20 times.
Regarding the FDIC's stance, Ripple's Chief Technology Officer David Schwartz criticized the FDIC's actions towards cryptocurrencies on social media, questioning the logic of taking enforcement actions in an environment of regulatory uncertainty, especially after Coinbase publicly revealed the FDIC's attempts to prevent banks from supporting the industry.
▌Argentina's Securities Regulator Allows Foreign Investment Products Linked to Certain Crypto ETF Opportunities to Enter the Domestic Market
Argentina's Securities Regulator CNV announced a market-wide initiative to allow foreign investment products linked to certain crypto ETF opportunities (including Ethereum and Bitcoin, gold, and even Chinese stock market indices) to enter the Argentine market. CNV President Roberto Silva emphasized, "Through these initiatives, we are elevating Argentina to the standards of the most developed international markets."
Blockchain Applications
▌NFT Lending Platform Blend's Total Trading Volume Reaches $7.068 Billion
According to Dune data, Blur's NFT lending platform Blend has reached a total trading volume of $7.068 billion, with a total of 806,943 loans. The platform currently has 12,288 unique borrowing addresses and 4,680 unique lending addresses.
Cryptocurrencies
▌Greeks.live: Cryptocurrencies Have Been Trading Independently Recently, with Limited Impact from the Macro Market. Now is a Good Opportunity to Buy Options
Adam, a macro researcher at Greeks.live, posted on the X platform that the crypto market is booming, with ETFs maintaining an inflow trend, and the $100,000 BTC and $4,000 ETH psychological barriers being breached. This week, there will be important CPI and European Central Bank interest rate data, but cryptocurrencies have been trading independently recently, with limited impact from the macro market. ETFs and crypto-related US stocks' capital flows are worth close attention.
Bitcoin has successfully broken through $100,000, and altcoins have seen a broad-based rally, with several major coins seeing multiple-fold increases. The market has strong capital inflows, and the spot bull market is very strong.
The options market has been relatively stable, with large transactions and market rates worth watching. Currently, the main term IV is at a relatively low level, and short-term IV has clearly declined. Given the current bullish market momentum, it is a good opportunity to buy options.
In the crypto lending market, the Bitfinex lending market has been relatively stable recently. When there are suitable lending orders, it is worth actively executing them, especially during periods of market activity.
▌Immunefi: Hacking DeFi Protocols Has Become a "Full-Time Job" for Professional Attackers
Mitchell Amador, the founder of blockchain security firm Immunefi, said that despite the threat of "professional DeFi attackers," the cryptocurrency space is becoming increasingly secure.
Amador also stated that hacking DeFi protocols has become a "full-time job" for professional attackers, and DeFi hackers have become "an infinitely sustainable and viable industry," although the cryptocurrency space is "undoubtedly" becoming more secure.
▌Trump: Will Not Divest from Social Media Platform Truth Social
According to NBC News, former US President Trump said he has no plans to divest from his $1 billion social media platform Truth Social. "I don't know what to divest," he said. "I just put out information."
Important Economic Dynamics
▌The Probability of a 25-Basis-Point Rate Cut by the Fed in December is 85.1%
According to the CME "Fed Watch": The probability of the Fed maintaining the current interest rate in December is 14.9%, and the probability of a cumulative 25-basis-point rate cut is 85.1%. The probability of maintaining the current interest rate in January 2023 is 10.1%, the probability of a cumulative 25-basis-point rate cut is 62.6%, and the probability of a cumulative 50-basis-point rate cut is 27.3% (Gold Ten).
Jinse Encyclopedia
Chain abstraction is a concept that simplifies the user experience of blockchain technology and unifies transactions across multiple networks. Blockchain chain abstraction aims to solve this problem by "abstracting" or hiding the technology from users. This means that people do not know they are using a blockchain or which blockchain they are using. Chain abstraction works by providing a single interface that allows users and developers to interact with multiple blockchains without having to manage the complexities of each individual chain.
Disclaimer: Jinse Finance, as a blockchain information platform, the articles published are for informational reference only and do not constitute actual investment advice. Please everyone establish the correct investment concept and improve risk awareness.
