Summary of this week's news
Binance responds to market value data errors: Binance responded to the market value data errors of USUAL and ACX, saying that the errors came from directly adopting CMC data, and promised to optimize related processes to avoid similar problems.
Trump: Continue to support Powell: Trump said he has no plans to replace Federal Reserve Chairman Jerome Powell and continues to support monetary policy under his leadership.
Sushi launches new products: Sushi plans to release multiple new products in 2025, including Solana chain-based trading platform Wara and on-chain perpetual DEX Susa, to further expand its ecosystem.
Large token unlocking this week: APT, ADA, ENA and other tokens will usher in large-scale unlocking this week. The unlocking value of APT is about 160 million US dollars, which may have an impact on the market.
Court statement on virtual currency theft case: The People's Court Daily pointed out that the "mining" of virtual currency involves social abstract labor, and the act of stealing virtual currency may constitute theft.
Analysts are bullish on Ethereum: Some analysts said that Ethereum's current trend is similar to that of 2016-2017 and may usher in an explosive rise.
Andrew Kang: ARB is undervalued: Andrew Kang believes that the ARB token is seriously undervalued by the market, and the Stylus platform is expected to become the main driver of growth.
The probability of the Fed's interest rate cut has increased: The probability of the Fed's 25 basis point interest rate cut in December has risen to 86%, which is expected to have an impact on market liquidity and asset prices.
Bitcoin institutional holdings data: Data shows that the top 15 Bitcoin institutions hold a total of about 1.647 million Bitcoins, showing the important role of institutions in the market.
