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Share link:In this post: Santiment has stated that the increase in social media chatter surrounding the Fed and interest rates could pose risks to digital assets. More than 75% of market participants are predicting a rate cut in September after Powell’s speech. Analysts are divided over the short and long-term effects on digital assets if a rate cut happens in September.
Share link:In this post: LayerZero announced its acquisition of Stargate Finance in a $120 million deal. The deal will bring Stargate under LayerZero’s ecosystem, with ZRO becoming the sole token. ZRO and STG are down today despite the deal, as holders hope for a resurgence.
Share link:In this post: Emerging markets are projected to outperform developed economies due to looser U.S. monetary policy, tighter fiscal control in EMs, and increasing investor flows. Fed rate cut expectations are boosting EM appeal, with funds like iShares Core MSCI EM ETF attracting billions since April. Strong fundamentals support EM assets, including lower inflation surprises, attractive equity valuations, and selective currency strength like the Brazilian real.
- 05:08Silk Road-linked wallet transfers $3.14 million worth of bitcoin to an unknown address after a decade of dormancyChainCatcher news, according to The Block, hundreds of cryptocurrency wallets associated with "Silk Road" that had been dormant for more than a decade became active on Tuesday, transferring bitcoin to an unidentified address. Data from Arkham Intelligence shows that approximately 312 wallets linked to the now-defunct darknet marketplace "Silk Road" collectively transferred bitcoin worth $3.14 million to the address "bc1q…ga54". It is currently unclear why these wallets suddenly became active. According to Arkham, as of now, wallets associated with "Silk Road" still hold about $41.3 million worth of bitcoin.
- 05:07Fogo announces that the FOGO token presale will start on December 17.On December 10, according to the official announcement, the SVM Layer1 public chain project Fogo announced that it will launch the FOGO token presale event on December 17. This presale will offer 2% of the FOGO genesis total supply.
- 05:03The probability of "Bitcoin reaching $100,000 again this year" on Polymarket rises to 40%BlockBeats News, December 10, the probability of "bitcoin reaching $100,000 again this year" on Polymarket is currently reported at 40%. In addition, the probability of it reaching $110,000 again is currently reported at 12%, while the probability of falling below $80,000 is currently reported at 24%.