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According to Odaily, European Central Bank (ECB) Governing Council member François Villeroy de Galhau has indicated that the inflation rate in the Eurozone is expected to stabilize at 2% by the beginning of 2025. This projection comes amidst ongoing assessments of the region's economic resilience.Villeroy de Galhau's comments highlight the ECB's outlook on inflation, which is a critical factor in monetary policy decisions. The anticipated stabilization of inflation at the 2% target aligns with the ECB's long-term objectives for price stability. This forecast suggests that the central bank's measures to control inflation are on track, providing a sense of predictability for economic stakeholders.Despite various economic challenges, the European economy continues to demonstrate resilience. This resilience is crucial as it supports the ECB's efforts to maintain stable inflation rates. The ability of the Eurozone to withstand economic pressures without significant disruptions is a positive sign for future economic stability. The ECB's focus remains on ensuring that inflation does not deviate significantly from the target, thereby fostering a stable economic environment.

According to Odaily, recent data from Token Terminal reveals that Circle has been transferring approximately $100 billion worth of stablecoins weekly on the Base chain over the past two months. This significant movement highlights the growing activity and reliance on the Base chain for stablecoin transactions.The consistent transfer of such a substantial amount underscores the importance of stablecoins in the current digital economy, providing liquidity and stability in the volatile cryptocurrency market. Circle's operations on the Base chain reflect a strategic approach to leverage blockchain technology for efficient and secure financial transactions. As the digital currency landscape evolves, the role of stablecoins continues to expand, offering a bridge between traditional finance and the burgeoning world of cryptocurrencies.

According to BlockBeats, recent data from Farside Investors indicates that the Ethereum spot ETF in the United States experienced a net outflow of $30.3 million on November 21. This development highlights a notable shift in investor sentiment towards Ethereum-based financial products.The outflow marks a significant movement in the market, reflecting potential changes in investor strategies or reactions to broader economic conditions. The Ethereum spot ETF, which allows investors to gain exposure to Ethereum without directly purchasing the cryptocurrency, has been a popular choice for those looking to diversify their portfolios. However, the recent outflow suggests that investors may be reassessing their positions amid fluctuating market dynamics.This trend could be influenced by various factors, including regulatory developments, market volatility, or shifts in the broader cryptocurrency landscape. As the market continues to evolve, stakeholders will be closely monitoring these movements to gauge future trends and potential impacts on the Ethereum market and related financial products.

According to BlockBeats, Olivier Blanchard, the former chief economist of the International Monetary Fund, expressed concerns on Wednesday, November 21, about the economic policies of the Trump administration. Blanchard warned that these policies could lead to economic overheating and increased inflation, prompting the Federal Reserve to raise interest rates.Blanchard highlighted that the three main pillars of Trump's economic plan are likely to contribute to higher inflation. The imposition of tariffs on imported goods is expected to cause economic overheating and exert upward pressure on prices. Additionally, the expulsion of illegal immigrants could result in labor shortages and wage increases, while tax cuts are also anticipated to contribute to economic overheating."We do not know how severe the inflation will be, but it is the Federal Reserve's responsibility to prevent such a scenario," Blanchard stated. He further noted that this situation would lead to rising interest rates and a stronger dollar, outcomes that are contrary to Trump's objectives.

On Nov 21, 2024, 00:29 AM(UTC). according to Binance Market Data, WBTC has achieved a new all-time high, trading at 94,552.92 USDT. The 24-hour increase of 2.82%

According to BlockBeats, recent data from Coinglass reveals that the cryptocurrency market has experienced substantial liquidations over the past 24 hours, amounting to $346 million. Of this total, long positions accounted for $244 million, while short positions saw liquidations of $102 million. In addition to the financial impact, the data indicates that 137,376 traders were affected by these liquidations within the same timeframe. This significant number of liquidations highlights the volatility and risks associated with trading in the cryptocurrency market. The fluctuations in market positions underscore the importance for traders to exercise caution and employ risk management strategies when engaging in cryptocurrency trading.

According to CoinMarketCap data, the global crypto market cap is $3.11T, a 0.97% increase over the last dayBitcoin (BTC) has traded between $90,976 and $93,906 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $93,300, up by 2.27%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include USUAL, CLV, and LUMIA, up by 1904%, 43%, and 34%, respectively.Top stories of the day:Bitcoin Hits Record $94,000 as Spot ETF Options Launch on NasdaqBlackRock Supports U.S. Strategic Bitcoin Reserve, Says Satoshi Action Fund CEOBlackRock's Bitcoin ETF Holdings Surpass $43 BillionOver 60 Public Companies Adopt Bitcoin StrategySolana Outshines Bitcoin as DEX Trading Volume Hits Record $41 Billion MicroStrategy Joins Top 100 U.S. Public Companies Amid Bitcoin Surge Federal Reserve Interest Rate Predictions for December and January Michael Saylor to Present Bitcoin Investment Proposal to Microsoft Board Trump Considers Blockchain Expert For SEC Chair Role ETH/BTC NUPL Reaches Four-Year Low, Reflecting Market SentimentMarket movers:ETH: $3122.99 (+0.82%)SOL: $237.03 (-2.39%)BNB: $612.1 (-0.38%)XRP: $1.1049 (+1.39%)DOGE: $0.39198 (+2.70%)ADA: $0.8395 (+13.42%)TRX: $0.1981 (-2.75%)SHIB: $0.00002456 (-1.01%)AVAX: $34.99 (+1.57%)TON: $5.441 (-2.77%)

According to Odaily, Linea has announced on the X platform that it is actively working with X to restore its official LineaAssn account. The company has urged the community to remain vigilant and avoid falling victim to scams during this process. Linea emphasized the importance of community awareness and caution, highlighting the need for users to verify information and stay informed about any updates regarding the account restoration. This collaboration with X aims to ensure the security and authenticity of Linea's communications with its audience. The company reassures its users that it is taking all necessary steps to resolve the issue promptly and effectively. As the situation develops, Linea will continue to provide updates to keep its community informed and protected from potential fraudulent activities.

On Nov 19, 2024, 5:11 PM (UTC), according to Binance Market Data, WBTC achieved a new all-time high, trading at 92,767.26 USDT with an increase of 1.78% within a 24-hour timeframe. 

According to Odaily, an internal memo has revealed that Martin Gruenberg, the head of the United States Federal Deposit Insurance Corporation (FDIC), is set to retire in January 2025. Gruenberg has been a prominent figure in the financial sector, particularly known for his cautious stance on the integration of cryptocurrencies within the banking industry.Gruenberg has previously expressed concerns about the potential risks that cryptocurrencies pose to the banking sector. He has emphasized the need for banking institutions to thoroughly assess the risks associated with cryptocurrencies and determine the extent to which they can safely engage in activities related to digital assets. His stance reflects a broader caution within regulatory circles about the rapid adoption of cryptocurrencies and their implications for financial stability.In addition to his general caution on cryptocurrencies, Gruenberg has specifically called for more stringent regulations on the issuance of stablecoins. He has suggested that stablecoins should be limited to permissioned blockchains, a move aimed at enhancing oversight and reducing potential risks associated with these digital currencies. Stablecoins, which are digital currencies pegged to traditional assets like the US dollar, have gained significant traction in recent years, prompting regulatory bodies to consider their impact on the financial system.Gruenberg's impending retirement marks the end of a significant era for the FDIC, as he has been instrumental in shaping the agency's approach to emerging financial technologies. His views on cryptocurrencies and stablecoins have influenced discussions on how best to integrate these innovations into the traditional banking framework while safeguarding financial stability. As the FDIC prepares for a leadership transition, the future direction of its policies on digital assets remains a topic of keen interest among industry stakeholders.

According to CoinDesk, U.S. President-elect Donald Trump is considering Howard Lutnick, CEO of Cantor Fitzgerald, for the position of Commerce Secretary. Lutnick, known for his enthusiasm for cryptocurrency, has been a key figure in managing Tether's (USDT) substantial U.S. Treasury holdings. While initially a contender for the Treasury Secretary role, recent reports indicate that Lutnick's prospects for that position have diminished, leading to his potential nomination for the Commerce role.Cantor Fitzgerald, under Lutnick's leadership, has established itself as a significant player in the financial sector, particularly in the bond market. The firm is recognized as a primary dealer, allowing it to trade directly with the Federal Reserve. Since 2021, Cantor Fitzgerald has been involved in the cryptocurrency space, assisting Tether with its U.S. Treasury reserves and launching a bitcoin financing business with an initial $2 billion in funding. Lutnick has publicly expressed his support for bitcoin, distinguishing it from other cryptocurrencies and advocating for its treatment as a commodity to minimize regulatory oversight.Lutnick, a long-time associate of Trump and a New Yorker, is currently serving as co-chair of Trump's transition team. His firm, Cantor Fitzgerald, has a storied history, having lost 658 employees during the 9/11 attacks, which led to a shift towards electronic trading. This transition reflects a broader trend on Wall Street, where traditional financial practices are increasingly being challenged by innovations in cryptocurrency and blockchain technology.

According to PANews, the cryptocurrency market experienced significant liquidations amounting to $305 million over the past 24 hours. Data from Coinglass reveals that long positions accounted for $193 million of the liquidations, while short positions made up $112 million.Bitcoin (BTC) saw a total liquidation of $69.78 million, highlighting its substantial impact on the market during this period. Meanwhile, Ethereum (ETH) experienced liquidations totaling $47.42 million, further contributing to the overall market activity.These figures underscore the volatility and rapid changes within the cryptocurrency market, as traders navigate fluctuating prices and market conditions. The data reflects the ongoing challenges and opportunities faced by investors in the digital asset space.

According to Odaily, cybersecurity firm SlowMist has announced its commitment to aiding law enforcement agencies in tracking stolen funds and analyzing related clues. The company revealed that it is collaborating with DEXX to release a comprehensive list of hacker addresses soon. Currently, SlowMist has identified approximately 2,000 suspicious addresses. This initiative underscores SlowMist's ongoing efforts to enhance security and transparency in the digital asset space, providing crucial support to authorities in their investigations.

According to PANews, DEXX, an on-chain trading terminal, has announced updates regarding a recent security incident. The company has officially filed a lawsuit and is collaborating with the SlowMist team to assist law enforcement in the ongoing investigation. DEXX is also actively discussing a compensation plan for affected users.In a statement, DEXX assured users that if all stolen assets are recovered, full compensation will be provided to ensure that user interests remain unaffected. In the event that only a portion of the assets can be retrieved, the platform will still fulfill its compensation responsibilities, with specific plans depending on the amount recovered. DEXX is currently mobilizing all available resources to recover the stolen assets and resolve the issue as swiftly as possible.Previously, SlowMist reported that the DEXX incident has impacted over 900 victims, with total estimated losses amounting to $21 million.

According to Odaily, recent monitoring by Trader T reveals that BlackRock's IBIT recorded a pre-market trading volume of $170 million today. Of this total, 38% consisted of active buy orders, while 44% were active sell orders. This data provides insight into the current trading dynamics and investor sentiment surrounding BlackRock's IBIT, highlighting a slightly higher inclination towards selling activities compared to buying. The remaining percentage of trades likely involved other types of transactions, reflecting a diverse range of trading strategies among market participants. This trading activity is indicative of the ongoing interest and engagement in BlackRock's financial products, as investors continue to navigate the complexities of the market. The figures underscore the importance of monitoring trading patterns to better understand market trends and investor behavior.

According to BlockBeats, a U.S. court has announced a delay in the verdict date for the case involving former President Donald Trump and the alleged hush money payments. Originally scheduled for November 19, the decision has been postponed to November 26. This case has drawn significant public attention due to its implications for Trump's legal and political future.The postponement comes amid ongoing legal proceedings and discussions surrounding the case. The delay allows for additional time to review evidence and arguments presented by both the prosecution and defense teams. The case centers on allegations that Trump made payments to silence individuals regarding personal matters during his presidential campaign, which has raised questions about campaign finance violations and ethical conduct.Observers are closely watching the developments, as the outcome could have far-reaching consequences for Trump's potential candidacy in future elections. The legal team representing Trump has consistently denied any wrongdoing, arguing that the payments were personal transactions unrelated to campaign activities. As the new verdict date approaches, both sides are preparing to present their final arguments in court.The delay in the verdict date underscores the complexity and high stakes of the case, which continues to capture national and international interest. Legal experts suggest that the outcome could set a precedent for how similar cases are handled in the future, particularly concerning the intersection of personal conduct and political campaigns. As the legal proceedings unfold, the public remains attentive to the implications of the court's eventual decision.

According to Odaily, Paxos has announced its acquisition of Membrane Finance. While the specific financial details of the acquisition have not been disclosed, it is noted that the transaction is subject to regulatory approval. Upon completion, Paxos will become a fully licensed Electronic Money Institution (EMI) in Finland and the European Union.This strategic move marks a significant step for Paxos in expanding its presence and capabilities within the European financial market. By acquiring Membrane Finance, Paxos aims to enhance its service offerings and regulatory standing in the region. The acquisition aligns with Paxos's broader strategy to strengthen its position as a leading provider of financial technology solutions globally.The acquisition is expected to provide Paxos with a robust platform to offer a wider range of financial services under the stringent regulatory frameworks of Finland and the EU. This development underscores Paxos's commitment to compliance and its proactive approach to navigating the complex regulatory landscape in Europe. As the company awaits regulatory approval, the acquisition highlights the growing trend of consolidation within the financial technology sector, driven by the need for enhanced regulatory compliance and expanded market reach.

According to Odaily, the Central Bank of Brazil (BCB) has initiated the second phase of its Drex Central Bank Digital Currency (CBDC) pilot. This phase emphasizes the development of trade finance solutions utilizing blockchain technology and oracles. The initiative brings together major players such as Microsoft, Chainlink, and Banco Inter to collaborate on exploring automated trade settlements.The Drex CBDC pilot aims to leverage cutting-edge technology to enhance the efficiency and security of trade finance processes. By integrating blockchain and oracle solutions, the project seeks to streamline operations and reduce the complexities associated with traditional trade finance systems. This collaboration marks a significant step forward in Brazil's efforts to modernize its financial infrastructure and embrace digital currency innovations.The involvement of prominent technology and financial institutions underscores the potential impact of this initiative. Microsoft and Chainlink bring their expertise in blockchain and oracle technologies, while Banco Inter contributes its financial industry insights. Together, they aim to create a robust framework for automated trade settlements, potentially setting a precedent for future CBDC implementations worldwide. As the pilot progresses, it will provide valuable insights into the practical applications of blockchain in central banking and trade finance.

According to Odaily, BlackRock's official data reveals that its Bitcoin ETF, known as IBIT, has reached a significant milestone. The holdings have now amassed a total of 472,307 BTC, with the market value surpassing $43 billion, specifically hitting $43,125,112,938.This development underscores the growing interest and investment in Bitcoin ETFs, reflecting a broader trend of institutional adoption in the cryptocurrency market. BlackRock's substantial holdings highlight the increasing confidence in Bitcoin as a viable investment asset, further solidifying its position in the financial landscape.The rise in BlackRock's Bitcoin ETF holdings is indicative of the broader acceptance and integration of digital currencies into mainstream financial portfolios. As more institutional investors like BlackRock continue to increase their exposure to Bitcoin, it signals a shift in the perception of cryptocurrencies from speculative assets to essential components of diversified investment strategies.

According to BlockBeats, on November 19, Michael Saylor announced on social media that MSTR's financial operations have achieved a 41.8% return on Bitcoin investments. This has resulted in a net gain of approximately 79,130 BTC for the company's shareholders.Saylor highlighted that this achievement equates to an average daily gain of about 246 BTC. He emphasized that these gains were realized without incurring the typical costs, energy consumption, or capital expenditures associated with Bitcoin mining. This strategic approach has allowed MSTR to maximize returns while minimizing operational expenses, providing significant value to its shareholders.