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Although on-chain metrics show overheated signals, the significant downside risk is limited due to institutional buying pressure outweighing retail buying pressure. A pullback may occur in the short term, but the likelihood of a trend reversal is low.
DDC Enterprise Limited announced today that it has completed its fourth Bitcoin purchase in August, acquiring an additional 200 BTC. With this purchase, the company's total holdings have reached 888 BTC, representing a growth of over double since the beginning of the month, when it held 368 BTC.
The US GENIUS Act gives stablecoins clear rules, setting the stage for explosive growth, new web3 apps, and rising venture capital interest.
Stellar’s price action looks fragile despite market rallies. With social dominance falling and a bearish crossover nearing, XLM risks deeper losses if support fails.
Share link:In this post: U.S. futures fell after Friday’s rally as markets await Nvidia’s earnings. Bitcoin and Ether erased weekend gains after Powell’s rate cut hint triggered massive liquidations. Asian stocks surged, led by tech in Hong Kong and Taiwan, while Europe slipped.
Share link:In this post: Five large UK data center projects have asked National Gas about connecting directly to its transmission pipelines to build on-site gas power stations. The projects would need about 2.5GW of capacity in total. Developers in the US are increasingly using gas-fired turbines as a stopgap before securing grid connections as AI-driven demand strains global power supply.
Share link:In this post: The Indian government, through its Statistics Ministry, has disclosed plans to integrate Amazon and Flipkart price data into its inflation gauge starting early next year. A HCES (Household Consumption Expenditure Survey) poll revealed that e-commerce is growing in popularity among households. The RBI recently reported that the FIT (Flexible Inflation Targeting) framework had performed well and met the country’s needs since its introduction.
Share link:In this post: Media companies are preparing for how to deal with a possible “Google Zero” situation. Enders says half of media companies saw a drop in traffic in the last year. Google’s total organic clicks from Search have held steady over the past year.
What RWA truly needs is a predictable, measurable, and settleable liquidity highway.
- 07:05Goldman Sachs: Volatility at this time of year is "normal," nothing "unusual"Jinse Finance reported that Goldman Sachs believes the recent approximately 5% correction in the US stock market is a typical year-end seasonal fluctuation within the AI cycle, and not an abnormal signal indicating the end of the rally. Goldman Sachs traders pointed out that although the market has experienced a pullback, there is still room for an upward move before the end of the year. Supported by seasonal factors, the early stage of the AI investment cycle, and relatively light institutional positions, the index still has the potential to rise further. According to Shreeti Kapa, a trader in Goldman Sachs' fixed income, foreign exchange, and commodities division, a 5% decline at this time of year is a normal phenomenon in the current cycle. She believes that although the market has experienced a strong rebound since the April low, overall, "it is not excessive."
- 06:35El Salvador has accumulated 8 more BTC in the past 7 days, bringing its total holdings to 6,375.18 BTC.Jinse Finance reported that El Salvador has accumulated 8 more bitcoins in the past 7 days, bringing its total bitcoin holdings to 6,375.18, with a total value of $649 million.
- 06:17The US Treasury provides tax breaks to private equity, cryptocurrency, and other companies without legislative approval.ChainCatcher News, According to Golden Ten Data citing The New York Times, the U.S. Treasury Department has provided tax breaks to private equity firms, cryptocurrency companies, foreign real estate investors, and other large corporations through proposed regulations. For example, in October this year, the U.S. Internal Revenue Service (IRS) issued new proposed regulations that would offer benefits to foreign investors investing in U.S. real estate. In August this year, the IRS proposed relaxing rules designed to prevent multinational companies from avoiding taxes by claiming duplicate losses in multiple countries. These announcements have not yet made media headlines, but have already drawn attention from accounting and consulting firms. Kyle Pomerleau, Senior Fellow at the American Enterprise Institute, stated: "The U.S. Treasury Department is clearly implementing tax cuts without legislative approval. Congress decides tax law. The Treasury is asserting greater authority over the tax law structure than Congress has granted, undermining this constitutional principle."