Headlines
▌BTC has once again surpassed $81,000
The 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 volatile, please ensure risk control.
▌Solana's market cap has surpassed $100 billion and has entered the top 200 global asset rankings
According to CoinMartCap data, Solana's market cap has exceeded $100 billion, currently reaching $100,223,941,829, making it the fourth cryptocurrency asset to surpass $100 billion in market cap, following Bitcoin, Ethereum, and Tether. The market shows that the price of SOL has risen to $212.5, with a 24-hour increase of 7.01%.
Additionally, according to Infinite Market Cap data, with Solana's market cap surpassing the $100 billion milestone, its market cap of $100.21 billion has rapidly climbed 14 positions in the global asset ranking, currently ranking in the top 200 global assets, surpassing France's liquefied gas giant Air Liquide to rank 192nd.
Market
As of the time of writing, according to Coingecko data:
The recent transaction price of BTC is $80,440.78, with a daily fluctuation of +4.8%;
The recent transaction price of ETH is $3,191.72, with a daily fluctuation of +1.9%;
The recent transaction price of BNB is $628.52, with a daily fluctuation of +0.7%;
The recent transaction price of SOL is $210.26, with a daily fluctuation of +5.0%;
The recent transaction price of DOGE is 0.2782 yuan, with a daily fluctuation of +27.3%;
The recent transaction price of XPR is $0.5894, with a daily fluctuation of +5.4%.
Policy
▌JPMorgan: The first two years of Trump's second term may be quite influential
JPMorgan Private Bank Managing Director Stephen Greitzer stated that if Trump makes policy changes regarding taxes, deregulation, and cryptocurrencies, the first two years of his second term could be 'quite influential'. Greitzer noted that Trump's tax-cut plan is key. 'If you buy stock in a company, you are obviously buying their future after-tax earnings. If the tax rate is low, the stock price will be high. I think that's what we saw last week. It is clear that both the House and Senate are currently on Trump's side, so we may see things heading in this direction over the next two years.' He also pointed out that 'doing these things may not be as easy' after the midterm elections in 2026.
Blockchain Applications
▌Edward Snowden: Decentralization as a safeguard against surveillance and AI
Privacy advocate and former NSA contractor Edward Snowden stated at the Near Redacted conference in Bangkok, Thailand, the importance of decentralization in combating the extensive surveillance capabilities brought by AI.
He warned that AI-driven surveillance would allow governments and businesses to process vast 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
BitMEX co-founder Arthur Hayes posted on X: 'Some of you do not believe that Trump will print money. BTC disagrees with this idea. Below is a comparison of BTC's trend with my new money supply indicator, US Bank Credit. The market performance speaks for itself.'
▌In the past 24 hours, $695 million has been liquidated across the network, mainly short positions
According to Coinglass data, $695 million has been liquidated across the network in the past 24 hours, of which $317 million was long positions liquidated and $378 million was short positions liquidated.
▌AAVE has surpassed $190
The market shows that AAVE has surpassed $190, currently quoted at $190.01, with a 24-hour decrease of 2.93%. The market is volatile, please ensure risk control.
▌SOL has surpassed $210
The market shows that SOL has surpassed $210, currently quoted at $210.03, with a 24-hour increase of 5.21%. The market is volatile, please ensure risk control.
▌The total market cap of cryptocurrencies has surpassed $2.9 trillion
Data shows that the total market cap of cryptocurrencies has now exceeded $2.9 trillion, currently at $2.915 trillion, with a 24-hour increase of 5.6%, and a 24-hour trading volume of $243.841 billion. Currently, BTC's market share is 54.9%, and ETH's market share is 13.4%.
Important Economic Dynamics
▌The probability of the Federal Reserve lowering interest rates by 25 basis points in December is 64.9%
According to CME's 'Federal Reserve Watch': The probability of the Federal Reserve maintaining the current interest rate until December is 35.1%, and the cumulative probability of a 25 basis point cut is 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 cut at 54.1% and a cumulative 50 basis point cut at 23.6%.
▌Federal Reserve's Kashkari: It is too early to judge the new government's impact on the economy and interest rates
Federal Reserve's Kashkari stated that as the Fed makes progress in controlling inflation, the U.S. economy remains very strong, but the Fed 'has not finished its journey.' Trump promised to undertake large-scale deportations of illegal immigrants, raising questions about how the U.S. economy and labor market could be affected. Kashkari mentioned that deporting immigrants could cause 'disruption' to some U.S. businesses, and it is still unclear how the outflow of immigrant labor would impact inflation. It is still too early to judge how the new government and Congress's potential policies will affect the economy and interest rate trajectory. 'What the actual policies will be, what Congress will pass, and how to implement them all carry a lot of uncertainty. Before analyzing what this means for the economy, we need to wait and see what actions other departments of the government decide to take.'
Jinse Encyclopedia
▌What is Kraken's Ink?
Ink is a layer 2 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 the necessary tools and services while alleviating common challenges associated with these environments. The solution operates as a layer 2 (L2) solution on Ethereum, relieving pressure on the layer 1 (L1) chain.
Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational reference only and does not constitute actual investment advice. Please establish a correct investment philosophy and enhance risk awareness.
