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Analyst points to one key factor which will lead how the market evolves long-term, noting Solana at the forefront.
Analysts said they predict that Ethereum could bottom in the next 2-4 months.
Bitcoin price experienced a sudden rise and reached the $60,000 area, which it has been struggling to reach for a while. Here are the details.
Share link:In this post: USDC issuer Circle will move its global headquarters to the World Trade Center in New York City. Circle said it chose New York to be closer to regulators and be at the center of the US financial system. Stablecoins gain global adoption from individuals and institutions.
Quick Take Four stablecoin issuers—Paxos, Tether, Techteryx, and Circle—have frozen nearly $5 million in stablecoins in two wallet addresses tied to the infamous North Korean state-sponsored Lazarus hacking group after an investigation by blockchain sleuth ZachXBT. ZachXBT also took aim at Circle for taking longer than the other issuers to freeze the tokens, a total of 4.5 months.
Despite fewer cases, the SEC’s enforcement strategy shifted to larger fines, with average penalties jumping to $426 million per action.
Share link:In this post: OpenAI intends to transition from a non-profit organization to a for-profit entity by 2025. Pressure from investors such as Apple has forced the company to consider lifting the cap on profits. OpenAI will retain the nonprofit branch but will focus on profitability as it grows.
- 21:24Data: Probability of a 25 basis point rate cut by the Federal Reserve in June is 17.1%According to CME "FedWatch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in June is 17.1%, while the probability of maintaining the current rate is 82.9%.
- 21:24US Dollar Index Falls 0.3% on the 9thAccording to a report by Jinse Finance, the US Dollar Index, which measures the dollar against major currencies, fell by 0.3% on the day, closing at 100.338 in the foreign exchange market.
- 21:24Cleveland Fed President: It Is Reasonable for the FOMC to Maintain a Wait-and-See Approach on Monetary PolicyAccording to a report by Jinse Finance, Beth Hammack, President of the Cleveland Federal Reserve, stated that it is reasonable for the FOMC to maintain a wait-and-see stance on monetary policy.