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The article discusses the uncertainty in the global economy under the Federal Reserve's policies, particularly Powell's "hawkish rate cuts" and their impact on the market. It analyzes market distortions driven by liquidity, the capital expenditure risks of the AI investment boom, and the loss of trust caused by policy centralization. Finally, the article provides updates on macroeconomic indicators and market trends. Summary generated by Mars AI. This summary is generated by the Mars AI model, and the accuracy and completeness of its content are still in the process of iterative improvement.
Trump's victory led BTC to reach new highs for two consecutive days, with a peak at $76,243.
If the emergence of x402 has demonstrated the substantial demand for AI agent payments, then ERC-8004 represents another fundamental and underlying core element necessary for building this vast machine economy.
In Brief Cathie Wood revises Bitcoin's 2030 target due to rapid stablecoin adoption. Stablecoins serve as digital dollars, impacting Bitcoin's expected role. Trump's crypto-friendly policies encourage Bitcoin's market prominence.
In Brief ASI faces internal conflict amid legal battles impacting future prospects. Surprisingly, lawsuit news boosted FET buying interest and trading volume increased. Potential for renewed interest in AI-themed tokens as investors watch developments.
- 08:47Data: GIGGLE market cap surpasses 170 millions USD, with a 24-hour increase of over 30%According to ChainCatcher, GMGN data shows that GIGGLE's market capitalization has surpassed 170 million USD, currently reported at 170.7 million USD, with a 24-hour increase of 30.49%.
- 08:41Korean Exchange: Foreign investors sold 7.26 trillion won worth of stocks in the first week of November, setting a new weekly recordJinse Finance reported that on Sunday, the Korean Exchange stated that in the first week of November, Korea's major stock index experienced the largest single-week sell-off by foreign investors in history. This was due to profit-taking and concerns over an artificial intelligence (AI) stock bubble, which led to a market decline. According to the exchange, from Monday to Friday, foreign investors sold a total of 7.26 trillion won (approximately $4.98 billion) worth of stocks. This amount set a new record for the largest single-week sell-off by foreign investors in the history of the Korea Composite Stock Price Index (KOSPI), surpassing the previous record of 7.05 trillion won in the second week of August 2021.
- 08:33NEAR Intents daily trading volume surged to over 200 millions USD this weekForesight News reported that, according to Token Terminal data, NEAR Intents' single-day trading volume soared to over $200 million this week, with daily transaction fees reaching nearly $400,000. This may be due to its support for Zcash wallet Zashi and Zcash cross-chain transactions.