Headlines
▌BTC has once again surpassed $81,000
Market shows that BTC has once again surpassed $81,000, currently quoted at $81,004.57, with a 24-hour increase of 6.03%. The market is highly volatile, please ensure risk control.
▌Solana's market capitalization has surpassed $100 billion, now ranking within the top 200 global assets
According to CoinMartCap data, Solana's market capitalization has surpassed $100 billion, currently reaching $100,223,941,829, making it the fourth cryptocurrency asset to exceed $100 billion in market capitalization, following Bitcoin, Ethereum, and Tether. Market shows that SOL's price has risen to $212.5, with a 24-hour increase of 7.01%.
Additionally, according to Infinite Market Cap data, as Solana's market capitalization surpassed the $100 billion milestone, its $100.21 billion market cap quickly rose 14 places in the global asset rankings, now ranking within the top 200 global assets, surpassing the French liquefied air group Air Liquide to reach 192nd place.
Market
As of the time of writing, according to Coingecko data:
BTC's recent transaction price is $80,440.78, with an intraday fluctuation of +4.8%;
ETH's recent transaction price is $3,191.72, with an intraday fluctuation of +1.9%;
BNB's recent transaction price is $628.52, with an intraday fluctuation of +0.7%;
SOL's recent transaction price is $210.26, with an intraday fluctuation of +5.0%;
DOGE's recent transaction price is $0.2782, with an intraday fluctuation of +27.3%;
XPR's recent transaction price is $0.5894, with an intraday fluctuation of +5.4%.
Policies
▌JPMorgan: The first two years of Trump's second term may be quite influential
JPMorgan Private Bank Managing Director Stephen Gretsky stated that if Trump makes policy changes related to taxes, deregulation, and cryptocurrency, the first two years of his second term could be 'quite influential.' Gretsky noted that Trump's tax cut plan is key. 'If you buy a company's stock, you are obviously buying their future earnings after tax deductions. If the tax rate is low, stock prices will be high. I think that's what we saw last week. It is clear that both the House and Senate are now on Trump's side, so we may see things moving in that direction in the next two years.' He also pointed out that 'doing these things may become less easy' after the midterm elections in 2026.
Blockchain Applications
▌Edward Snowden: Decentralization as a safeguard against surveillance and artificial intelligence
Privacy advocate and former NSA contractor Edward Snowden stated at the Near Redacted conference in Bangkok, Thailand, about the importance of decentralization in combating the extensive surveillance capabilities brought by artificial intelligence.
He warned that AI-driven surveillance will allow governments and businesses to process massive amounts of personal data in real-time, potentially paving the way for large-scale real-time data analysis.
Cryptocurrency
▌Arthur Hayes: BTC market trends indicate that Trump will print money
Arthur Hayes, co-founder of BitMEX, posted on X: 'Some of you do not believe Trump will print money. BTC disagrees with this idea. Here is a comparison of BTC trends with my new currency supply indicator, U.S. Bank Credit. The market performance speaks for itself.'
▌In the past 24 hours, a total of $695 million has been liquidated across the network, mainly from short positions.
According to Coinglass data, $695 million has been liquidated across the network in the past 24 hours, with $317 million from long positions and $378 million from short positions.
▌AAVE has surpassed $190
Market shows that AAVE has surpassed $190, currently quoted at $190.01, with a 24-hour decrease of 2.93%. The market is highly volatile, please ensure risk control.
▌SOL has surpassed $210
Market shows that SOL has surpassed $210, currently quoted at $210.03, with a 24-hour increase of 5.21%, the market is highly volatile, please ensure risk control.
▌Total market capitalization of cryptocurrencies has surpassed $2.9 trillion
Data shows that the total market capitalization of cryptocurrencies has surpassed $2.9 trillion, currently at $2.915 trillion, with a 24-hour increase of 5.6% and a 24-hour trading volume of $243.7841 billion. Currently, BTC's market share is 54.9%, and ETH's market share is 13.4%.
Important Economic Dynamics
▌The probability of a 25 basis point rate cut by the Fed in December is 64.9%
According to CME's 'Fed Watch': The probability that the Fed will maintain the current interest rate until December is 35.1%, with a cumulative probability of a 25 basis point rate cut at 64.9%. The probability of maintaining the current interest rate until January next year is 22.4%, with a cumulative probability of a 25 basis point rate cut at 54.1%, and a cumulative probability of a 50 basis point rate cut at 23.6%.
▌Federal Reserve's Kashkari: It's too early to judge the new government's impact on the economy and interest rates
Federal Reserve official Kashkari stated that as the Fed makes progress in curbing inflation, the U.S. economy remains very strong, but the Fed has 'not yet completed its journey.' Trump promised to carry out large-scale deportations of illegal immigrants, raising questions about the possible impact on the U.S. economy and labor market. Kashkari mentioned that deporting immigrants could 'disrupt' some U.S. businesses, and it is currently unclear how the outflow of immigrant labor will affect inflation. It is too early to predict how the new government and Congress's potential policies will impact the economy and interest rate trajectory. 'There is a lot of uncertainty regarding what the actual policies will be, what Congress will pass, and how they will be implemented. We must wait to see what actions other government departments decide to take before analyzing what this means for the economy.'
Golden Encyclopedia
▌What is Kraken's Ink?
Ink is a second-layer bridge being developed by Kraken, aimed at improving the efficiency of decentralized finance (DeFi) by increasing transaction speed, reducing costs, and enhancing flexibility. Kraken's Ink seamlessly integrates centralized and decentralized environments, providing users with all necessary tools and services while alleviating common challenges associated with these environments. This solution operates on Ethereum as a second-layer (L2) solution, relieving pressure on the first-layer (L1) chain.
Disclaimer: Golden Finance, as a blockchain information platform, publishes articles for informational reference only and does not constitute actual investment advice. Please establish a correct investment concept and improve risk awareness.
