The outcome of the US election this week will determine the future direction of the crypto market
QCP Capital pointed out that as the Polymarket odds are consistent with the opinion polls, the competition between Harris and Trump has intensified. Trump's winning rate on Polymarket has dropped from 66% to 55% within a week. As a result, the price fluctuations in the crypto market were relatively small over the weekend, and the perpetual contract leverage positions on various exchanges fell from $30 billion to $26 billion, indicating that the market is becoming more cautious.
Bitcoin market trend is becoming increasingly uncertain: put options and call options are almost at par
Bloomberg reported that according to data from Derive.xyz, Bitcoin's put options and call options in October were almost at par, indicating that as the US presidential election day approaches, speculators are preparing for price movements in either direction, suggesting a high degree of uncertainty in the market's outlook on Bitcoin's near-term trend.
Ethereum whitepaper has been published for 11 years
November 4, 2024 marks the 11th anniversary of the release of the Ethereum whitepaper version 1.0, which was initially published by co-founder Vitalik Buterin in November 2013, laying the foundation for the development of Ethereum and innovation in the blockchain industry.
The Michigan pension fund invested $10 million in the Ethereum ETF
Bloomberg senior ETF analyst Eric Balchunas revealed that the Michigan state pension fund has allocated $10 million to invest in the Ethereum ETF product, exceeding the previous $7 million investment in the Bitcoin ETF, highlighting the fund's growing interest in digital assets.
Taiwan will introduce virtual asset service provider compliance registration rules in 2025
Huang Xi-he, director of the Securities Department of the Taiwan Financial Supervisory Commission, announced that under the new regulations to take effect in January 2025, virtual asset service providers must complete compliance registration, in order to strengthen supervision and regulatory standards for the digital asset industry in Taiwan.
Deutsche Telekom uses surplus energy for Bitcoin mining
Deutsche Telekom, a major European telecommunications provider, stated that it will use surplus energy for Bitcoin mining, marking its official entry into the cryptocurrency business.Disclaimer: The information provided in this section is for reference only and does not constitute any investment advice or official views of FameEX.
