Headlines

▌CZ: Beware of deep fake videos about me on social media

Binance founder CZ posted on the X platform, “There are deep fake videos of me on other social media platforms. Please be careful of scams.

▌Monthly growth in Bitcoin demand is the highest since April

CryptoQuant analyst Julio Moreno wrote on the X platform that Bitcoin demand seems to be recovering. Bitcoin demand is growing at the fastest monthly rate since April 22. Although demand momentum is still in negative territory (red bar chart), indicating that selling volume still exceeds buying volume, the degree of this imbalance has eased.

Quotes

As of press time, according to Coingecko data:

BTC’s latest transaction price is $63,014.07, with a daily change of +0.3%;

ETH's most recent trading price is $2,468.38, with a daily change of +1.0%;

BNB's latest transaction 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 transaction price is 0.1108 yuan, with a daily change of -0.1%;

XPR’s most recent trading price is $0.5386, with a daily change of -0.2%.

policy

▌Ministry of Finance: This year, the central government has allocated 66.7 billion yuan in employment subsidies

Minister of Finance Lan Fuan introduced in the live broadcast of the State Council Information Office press conference: Since the beginning of this year, the central government has allocated 66.7 billion yuan in employment subsidy funds to support local governments in providing employment, vocational skills training, and other work for key groups such as college graduates.

Blockchain Applications

▌Shenyu: Thanks to Arkham for reminding us in time and helping us recover funds from a batch of old addresses

Shenyu YuX, co-founder and CEO of Cobo, said in a post, "I recently sorted out a batch of old addresses from 1,000 days ago. Some of the old contracts of these addresses still have funds, but they are not displayed on the front end. I would like to thank Arkham for reminding me in time and helping me retrieve these funds. I really feel the warmth and progress of the industry."

Cryptocurrency

▌TAO breaks through $650, with a 24-hour increase of 12.6%

The market shows that TAO has broken through 650 US dollars and is now quoted at 653.2 US dollars, with a 24-hour increase of 12.6%. The market is volatile, so please do a good job of risk control.

▌USDC Treasury issued 50 million more USDC on the Ethereum chain this morning

According to Whale Alert monitoring, at around 4:08 Beijing time, USDC Treasury minted 50 million new USDC on the Ethereum chain.

▌The total market value of stablecoins is US$172.612 billion, with almost no growth in the past two weeks

DefiLlama data shows that the total market value of stablecoins is currently $172.612 billion, with a 7-day increase of 0.15%. In addition, the total market value of USDT is $119.713 billion, with a market share of 69.35%. It is worth mentioning that the total market value of stablecoins was $172.579 billion two weeks ago, with no significant growth.

Important economic developments

▌The probability of the Fed cutting interest rates by 25BP in November is 95.6%, and the probability of not cutting interest rates is 4.4%.

According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points by November is 95.6%, and the probability of maintaining the current interest rate is 4.4%. The probability of a cumulative interest rate cut of 50 basis points by December is 84.1%, the probability of a cumulative interest rate cut of 75 basis points is 0%, and the probability of a cumulative interest rate cut of 100 basis points is 0%.

Golden Encyclopedia

What are Rollups?

Rollup is a way to process transactions on a Layer 2 protocol, freeing up valuable space on the base layer. Rollup folds transactions one by one on the second layer, sometimes dozens of times, and then rolls them together before sending the data back to Layer 1. There are two main types of Rollup, optimistic and zero-knowledge (ZK) proofs.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.