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1Bitget Daily Digest | BTC faces short-term drop, XRP ETF filed by WisdomTree2Trump team looking to shift crypto regulation to CFTC, dilute SEC's role: report3US appeals court says Treasury 'overstepped' authority in Tornado Cash sanctions
Solana is stuck again
BlockBeats-Article·2024/04/07 02:46
Bitcoin spot ETF’s cumulative net inflow exceeds US$12.6 billion
·2024/04/07 02:14
Bitcoin ‘pretty unlikely’ to revisit $50K price level, says analyst
Cointelegraph·2024/04/07 01:54
April 7-13 Weekly Preview | Important Web3 Events and Financial Highlight
Bitget·2024/04/07 01:05
DApp Activity Sees Surge Amid Bitcoin’s All-Time High in Q1 2024
Q1 2024 has seen a remarkable thrive within the Web3 ecosystem with 7M daily Unique Active Wallets, up 77%.
Cryptopotato·2024/04/06 23:31
Aave Chan founder Marc Zeller teases upcoming 'fee switch' vote for Aave stakers
Quick Take Aave Chan Initiative founder Marc Zeller has teased that a temperature check vote on distributing fees to Aave stakers could come as soon as next week, given Aave’s profits.
The Block·2024/04/06 21:58
Is This Bitcoin Halving Strategy Indeed the Most Profitable?
Warning: This article may not be for the die-hard Bitcoin HODLer.
Cryptopotato·2024/04/06 18:19
Flash
- 08:25Hyperliquid: A point penalty will be imposed on over 27,000 witch addressesThe decentralized derivatives trading platform Hyperliquid stated on the X platform that investigations show approximately 100 individuals manipulated over 27,000 addresses, attempting to gain disproportionately more points through large-scale and systematic non-organic behavior. The points of these addresses will be multiplied by a factor of 2% or 20% according to the scale of sybil activity for point penalties. Affected addresses will display a message on the points page: 'Sybil behavior detected'. The end result is that real users will receive a larger proportion of points. In addition, activities in May distributed 8 million points, and activities in October and early November distributed 8.4 million points. In total, the final number of points is 57.9 million."
- 08:24Analysis: US October PCE is expected to rebound, but the anti-inflation trend remains unchangedInflation pressure has significantly decreased since reaching its peak two years ago, but the pace of improvement has slowed in recent months. The PCE index is the Federal Reserve's preferred indicator for measuring price pressures. The Fed's goal is to keep the PCE inflation rate at around 2% over the long term to maintain a healthy economic state. According to economists' forecasts, the PCE price index will rise by 0.20% month-on-month and 2.30% year-on-year in October. Excluding volatile food and energy prices, core PCE inflation is expected to rise by 0.30% month-on-month and 2.80% year-on-year. Although economists expect both indicators to increase compared with September, analysts believe that price pressures are still improving. Russell Price, chief economist at Ameriprise Financial, pointed out that higher readings in October "will not disrupt the long-term trend." It's worth noting that due to daylight saving time and Thanksgiving holiday effects, this round of PCE data will be released on Wednesday at 21:30 Singapore time instead of usual Thursday at 20:00.
- 08:09Matrixport: BTC is experiencing a correction, the $89,000-$90,000 range is a key support levelChainCatcher reports that Matrixport released a chart today stating that Bitcoin funding rates continue to rise. Although BTC is undergoing a typical market adjustment, leveraged traders remain confident about the future. From a technical perspective, the price may pull back to the $89,000-$90,000 range. This key support level is expected to stabilize the broader market. With Thanksgiving approaching, Bitcoin's astonishing increase of up to +119% so far this year will inevitably become a hot topic at holiday dinner tables. What's more noteworthy is that Bitcoin is expected to once again be crowned as the best performing asset of the year. The highlight of this round of increases lies in traditional finance (TradFi) investors increasing their positions through ETFs. Looking forward to 2025, more institutional funds are likely to pour in further consolidating Bitcoin's strong upward momentum and reinforcing its long-term bullish outlook.