After the release of the US CPI, the probability of the Federal Reserve cutting interest rates by 25 basis points in December rose to 75.7%.
Author: TechFlow
Yesterday's market dynamics
Bitcoin's market value exceeds Saudi Aramco, and its global asset ranking rises to 7th
According to 8marketcap data, as Bitcoin continues to hit new historical highs, its market value ranking has surpassed Saudi Aramco to become the world's seventh largest asset by market value.
Musk: Dogecoin's fixed inflation rate is a feature, not a bug
Shibetoshi Nakamoto, co-founder of Dogecoin, said on social media that if you want to remove the inflation of Dogecoin, you can directly modify the source code on GitHub and submit a pull request. He pointed out that the key code is on line 146 and called on the community to stop bothering him about it.
However, Tesla CEO Elon Musk later responded that Dogecoin's fixed inflation rate (meaning that the inflation percentage gradually decreases) is a feature, not a defect.
Coinbase will list PEPE and add WIF to the coin listing roadmap
Coinbase will list PEPE, and if liquidity conditions are met, trading will begin on or after 11:30 a.m. EST on November 13, 2024. In addition, Coinbase has added WIF to its listing roadmap.
PNUT's market value exceeds 2 billion US dollars, setting a new record
PNUT broke through 2.2 USDT and its market value exceeded 2 billion US dollars, setting a new record.
BlackRock BUIDL Fund Expands to Aptos, Arbitrum, Avalanche, OP and Polygon
According to the announcement of Securitize, BlackRock Digital Liquidity Fund (BUIDL) has expanded to multiple chains, covering Aptos, Arbitrum, Avalanche, Optimism and Polygon. The fund is tokenized by Securitize, and this multi-chain deployment marks an important step in the tokenization of physical assets.
After the release of the US CPI, the probability of the Federal Reserve cutting interest rates by 25 basis points in December rose to 75.7%
According to CME's "Fed Watch" data, the probability that the Fed will maintain the current interest rate unchanged by December is 24.3%, and the probability of a cumulative interest rate cut of 25 basis points is 75.7% (before the CPI was released, the probability was 37.9% and 62.1%, respectively). The probability of maintaining the current interest rate unchanged by January next year is 16.5%, the probability of a cumulative interest rate cut of 25 basis points is 59.2%, and the probability of a cumulative interest rate cut of 50 basis points is 24.3%. (Before the CPI was released, the probability was 26.5%, 54.9%, and 18.6%, respectively).
Robinhood relists SOL, ADA and XRP, and adds PEPE
Robinhood’s US platform has relisted Solana (SOL), Cardano (ADA) and Ripple (XRP), and newly listed PEPE.
VanEck Launches SUI ETN Product on Euronext Amsterdam and Paris
Asset management company VanEck launched the SUI ETN product on Euronext Amsterdam and Paris on November 13, 2024. The product allows investors to participate in the development of the Sui ecosystem without directly holding SUI tokens. The ETN product is currently available for trading in 15 European countries including Austria, Switzerland, Germany, Denmark, Spain, Finland, France, and Italy.
Linea announces the establishment of Linea Association and plans to launch tokens in Q1 2025
Ethereum scaling solution Linea announced the establishment of the Linea Association, a Swiss non-profit organization dedicated to promoting the development and governance of Linea, at the Devcon conference in Bangkok, Thailand. The association will support Linea technology, develop the Linea market, and advance its decentralized roadmap. The association plans to launch the Linea token in the first quarter of 2025 to enable token holder governance. Token holders will have governance rights over certain activities of the association, and the association will manage Linea's core intellectual property and funds to support its mission.
U.S. Department of Justice investigates Polymarket for allegedly allowing U.S. users to trade
According to Bloomberg, the U.S. Department of Justice is investigating the cryptocurrency prediction platform Polymarket, accusing it of accepting transactions from U.S. users. The Federal Bureau of Investigation (FBI) issued a search warrant for Polymarket CEO Shayne Coplan and seized his mobile phones and electronic devices.
Turbos Finance is now connected to the OKX Web3 wallet
The decentralized trading protocol Turbos Finance is now connected to the OKX Web3 wallet. Users can use the OKX Web3 wallet to quickly trade Sui ecosystem Meme and other assets, Earn, and provide liquidity directly on Turbos Finance. After this connection to the OKX Web3 wallet, its users can experience a one-stop service from trading to asset management in one wallet.
Market dynamics
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