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BlackRock’s IBIT ETF stood out, attracting $329.03 million in inflows.
Share link:In this post: Pump.fun reflects the new meme token rush, with record launches over the past few days. The platform also added its native market, hinting at a potential airdrop. Meme tokens are recovering in October, with gains for both new launches and existing assets with deeper liquidity.
Share link:In this post: The U.S. election might not trigger the big market reaction investors are hoping for, even with Trump gaining in polls and Harris losing momentum. Despite the election noise, the stock market has been on a strong run this year, with the S&P 500 up 22%, and some investors are confident it’ll stay strong no matter who wins. Delayed election results could lead to market volatility, but investors are already positioning for a bullish end to the year.
Share link:In this post: Elon Musk’s casual mentions of crypto can spike prices, but he’s not actually endorsing them or backing them with investments. The Tesla CEO criticizes Bitcoin’s environmental impact but occasionally boosts Dogecoin for fun. Musk announced a $1 million-a-day giveaway to registered voters in battleground states, raising legal concerns about violating election laws.
- 12:54Data: The total market value of listed mining companies has exceeded 40 billion US dollarsOn November 29, Cointelegraph revealed data on the X platform showing that the total market value of listed mining companies has exceeded 40 billion US dollars, doubling in seven months.
- 12:53Bank of America: The Federal Reserve may cut interest rates every other meeting in 2025.According to Jin10, Wells Fargo senior economist Sarah House stated, "As we enter 2025, we may see a slowdown in the pace of future rate cuts. The Federal Reserve might cut rates every other meeting." Her team predicts that the Fed will cut rates three times in 2025. Despite disagreements among policymakers on specific details, Wall Street economists generally believe that the current rapid pace of Fed rate cuts will not continue. Additionally, according to data from Bloomberg, the market currently expects the Fed to cut rates about twice in 2025. The Federal Reserve will release updated forecasts on December 18th.
- 12:52BitMEX Research: The court has rejected Craig Wright's appeal in the COPA caseOn November 29th, BitMEX Research posted on the X platform that the court has rejected the appeal in the case between “Satoshi Ausbon” Craig Wright (CSW) and the Crypto Open Patent Alliance (COPA), and that if CSW wishes to pursue the case further, his only recourse is now the UK's Supreme Court.1. Following CSW's defeat, the court subsequently issued several injunctions against CSW, requiring him to refrain from taking or threatening to take legal action on the grounds that he is Satoshi Nakamoto. 2;2. despite the injunctions, CSW appears to have violated this by launching a massive lawsuit in the United Kingdom against Bitcoin developers and more than a hundred cryptocurrency companies. He's sued for over $1 trillion, and CSW is still claiming to be Satoshi Nakamoto in the new case;3. the COPA subsequently claimed that this new case violated the injunction and that the case has been suspended until the outcome is determined, and if the case does violate the injunction, it may be dismissed;4. on December 18, 2024, a one-and-a-half day hearing will be held in London to determine whether the injunction has been violated and whether CSW is in contempt of court as a result. On Wednesday this week, the judge asked CSW to attend the hearing in person.5. At present, there is considerable uncertainty as to whether CSW will attend the hearing or remain in hiding in the Far East. In any case, we predict that he will not attend. His absence may be treated unfavorably by the judge.
