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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.
In Brief A new altcoin season might be approaching, signaling significant market shifts. US monetary policy actions could influence the rise of altcoins. Increased trading volumes in Asia highlight global interest in altcoins.
- 20:13The "Top 100% Win Rate Whale" goes long on BTC with 40x leverage, holding a position worth approximately $2.04 million.BlockBeats News, November 8, according to HyperInsight monitoring, the "Top 100% Win Rate Whale" went long on 20 BTC with 40x leverage, with a position value of approximately $2.04 million and an opening price of $101,800.
- 20:12Federal Reserve's Williams: Bond purchases expected to start soonBlockBeats News, November 8, Federal Reserve's Williams stated on Friday that the Fed decided last week to stop reducing its bond holdings and may soon need to expand its balance sheet through bond purchases. Williams said: "The next step in our balance sheet strategy will be to assess when reserve levels move from currently slightly above ample to ample." He added that once this occurs, "it will be time to initiate a gradual asset purchase process." Williams also stated: "Based on the recent persistent pressures in the repo market and other signs indicating that reserves are shifting from ample to slightly above ample, I expect we will soon reach an ample level of reserves." Some analysts expect the Fed may begin expanding its asset holdings through bond purchases in the first quarter of next year. Williams warned that it is difficult to pinpoint the exact timing. "I am closely monitoring various market indicators related to the federal funds market, repo market, and payments to help assess the state of reserve demand." He also cautioned that maintaining appropriate liquidity through bond purchases is not a stimulus measure. (Golden Ten Data)
- 20:12Pakistan plans to consider issuing a rupee-backed stablecoinBlockBeats News, November 8, according to Cointelegraph, Faisal Mazhar, Deputy Director of the Payment Systems Department at the State Bank of Pakistan, stated that with the assistance of the World Bank and the International Monetary Fund, a central bank digital currency prototype is under development and is planned to undergo a pilot phase before full-scale rollout. Additionally, according to Zafar Masud, Chairman of the Pakistan Banks' Association (PBA), the country is seriously considering issuing a Pakistan Rupee-backed stablecoin and will promote improvements in digital asset regulation, as delays in digital asset regulation could result in the loss of up to $25 billion in economic development opportunities.