Ethereum surged 19% last night, leading the market to rise collectively, and Filecoin rose 11%
Ethereum suddenly started to rise in the early hours of last night, and the increase exceeded that of Bitcoin. The market collectively rose, and the market suddenly took off. Today, we found the reason for the sudden rise from the news: First, Bloomberg analyst Eric Balchunas’ latest article stated that the probability of the approval of the spot Ethereum ETF has increased significantly from 25% to 75%! What’s the reason? Yesterday afternoon, there were rumors that the U.S. Securities and Exchange Commission (SEC) might make a 180-degree turn on this issue. This issue is becoming more and more politicized, so now everyone is desperately preparing for the application. The implementation of this news will be a major positive, and it will usher in a large amount of ETF funds to flow into the market to raise the market value. Although everyone has high expectations for this, Balchunas reiterated that he will set the upper limit of the probability at 75% until he sees more evidence, such as application updates. Although we remain optimistic about Bitcoin, the progress of the Ethereum ETF is undoubtedly an important event worthy of our attention. Let us look forward to more good news together! Second, there are reports that the US dollar will see a rate cut. Even though the official rate cut news has not yet been released, many small and medium-sized banks in the United States are already preparing for the rate cut. This rate cut will bring about the release of funds, and a large amount of US dollars will flow into various high-quality assets, especially the value currency market. $ETH $FIL
#BTC走势分析 #以太坊ETF批准预期 A falling dollar could be the driving force behind the next wave of cryptocurrency price increases
On the surface, the U.S. debt-to-GDP ratio doesn’t seem too bad. In 2023, it was lower than the G7 average (123%) and about half lower than Japan, the world’s most indebted country. Japan's debt-to-GDP ratio that year was as high as 255%. But in reality, the two countries have very different economic conditions, and the significant difference between the two is the structure of debt ownership. In Japan, nearly 90% of debt is held by domestic citizens and institutions, but about a quarter of U.S. debt is held by international debt buyers. So in order to ensure that this debt remains attractive to them, the United States needs to pay a higher rate of return (i.e., a higher interest rate) relative to its global competitors, especially as the debt-to-GDP ratio continues to increase, which means The risks of lending to the government also increase. Japan's net debt is well below its debt-to-GDP ratio, meaning it holds more foreign assets than it owes other countries, while the opposite is true in the United States, making it easier for Japan to manage its growing debt.
Japan has also not been plagued by inflation like the United States, which the Federal Reserve has controlled by raising and keeping interest rates high, making soaring debt levels particularly dangerous. As we all know, the solution to inflation is through tightening monetary policy. But higher interest rates mean higher debt repayments, consumer dissatisfaction, and ultimately an economic slowdown. In fact, the Fed already faces all of these problems. Consumer confidence is starting to falter, debt repayments topped $1 trillion last year, and growth in the first quarter of this year was much lower than anyone expected. So much so that there are now expectations of stagflation: inflation continues to rise while economic growth stagnates. In this case, higher debt also poses a problem because it limits the government's ability to use fiscal powers to mitigate the economic slowdown. With debt-to-GDP ratios high and expected to continue rising rapidly over the coming decades, governments will have to face reality sooner or later. That is to say, it is inevitable that the United States will continue to raise its debt ceiling and continue to print money on a large scale.
Driving Filecoin adoption: key initiatives and community engagement in 2024
The Filecoin Foundation is one of many teams within the Filecoin network dedicated to the evolution and success of the protocol. In this post, we highlight Filecoin’s growth metrics and outline some of the keys to further expansion in 2024 as proposed by ecosystem leaders, focusing on 1) expanding the client pipeline, 2) increasing on-chain activity, and 3) demonstrating value options relative to centralized storage. We then propose seven key initiatives to drive widespread adoption of Filecoin, followed by seven ways for the community to participate in the ecosystem. The Data Economy
Solana Surpasses Ethereum in Decentralized Exchange Trading: Is It Time to Launch Your Own Solana DEX?
Solana has emerged as a true game-changer in the ever-evolving landscape of cryptocurrency. Its meteoric rise has caught the attention of investors, developers, and enthusiasts. But what makes Solana unique? Well, for starters, it’s all about breaking boundaries and pushing the limits of what’s possible in the world of blockchain technology. Breaking Boundaries: The Rise of Solana Unlike traditional blockchain platforms that often face scalability and high transaction fees, Solana provides a revolutionary solution. With its unique architecture and cutting-edge technology, Solana can process thousands of transactions per second, making it one of the fastest and most efficient blockchains in the industry. This unparalleled speed has propelled Solana to new heights, attracting users and developers from around the world.
PR Distribution - FILLiquid Approaches 15,000 Wallets After Incentivized Testnet, CEO Announces New Features
FILLiquid Approaches 15,000 Wallets in Incentivized Testnet After CEO Announces New Features The FILLiquid testnet is rapidly approaching the milestone of 15,000 wallet participation as users line up to test its unique Filecoin-based lending product. FILLiquid is creating a decentralized liquidity pool that allows $FIL holders to earn interest and allows Filecoin storage providers to obtain $FIL loans. In a recent interaction with the community, FILLiquid CEO Arthur Tan unveiled a slew of new DeFi products that will soon be integrated into the testnet, sparking user anticipation.