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Quick Take Daily new addresses on Solana have reached an all-time high, according to The Block’s Data Dashboard. The increased network engagement could potentially see Sol reach a new all-time high, according to an analyst.
Quick Take Hop DAO completed an on-chain vote to sell 209,251 Arbitrum tokens, a move that will help it pay its moderators and finance its protocol’s operations, as well as research initiatives. The community is pawning off 25% of its ARB holdings to buy USD-Coin.
Bloomberg ETF analysts have dropped their chances of a spot Ethereum ETF approval in May to 30% from between 60-70%.Market making firm GSR still holds that approval is more likely than not — but is preparing to downgrade its chances of approval if there is no progress over the next month.
The GameFi market cap has outperformed the rest of the cryptocurrency sector in the past 24 hours.
Quick Take U.S. Presidential candidate Donald Trump told CNBC he has “fun” with crypto. Trump also said bitcoin is an “additional form of currency.”
Bitcoin miners remain the best equity proxy to bitcoin as the cryptocurrency heads toward $150,000, according to Bernstein analysts.Recent underperformance from public bitcoin miners represents the last window of opportunity before the halving, with mining stocks set to more than catch up with bitcoin’s price action, the analysts predicted.
- 16:58Analysts: US PCE inflation may accelerate in October, expected to influence Fed to cut ratesThe Federal Reserve may not see any more signs of easing inflation before it decides whether to cut interest rates again in December, according to reports. After studying this week's CPI and PPI inflation data, many analysts are predicting that the Fed's preferred inflation gauge, the PCE price index, will show a 2.8 per cent year-on-year rise in core prices in October, excluding the volatile food and energy categories. This would be another acceleration since September and would mean that core PCE annualisation has returned to May levels. However, the pain may be temporary. Citi economists expect that monthly core PCE inflation could slow sharply in November. However, November's data will not be released until New Year's Eve.
- 16:57SOL falls below $210The market shows that SOL fell below $210, now at $209.96, a 24-hour loss of 3.03%, the market fluctuates, please do a good job of risk control.
- 16:57VanEck: $180,000 target price for BTC this cycleAsset management giant VanEck says its target price for BTC this cycle is $180,000, according to Watcher.Guru on the X platform.
