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Skale (SKL) surges 51%, fueled by whale activity and Google partnership rumors; resistance at $0.049 could limit further gains.
Norway’s sovereign wealth fund boosts Bitcoin holdings by 83%, with a strategic hedge against currency risks. This move signals growing institutional crypto adoption.
Bring the mature Web2 game asset trading model onto the blockchain, restructuring the player economy through on-chain ownership and smart custody, exploring a sustainable PvE commercialization path.
Ethereum (ETH) is only 2% away from its 2021 all-time high. However, selling pressure has already emerged, pushing its price back below $4,700. Additionally, a large amount of ETH is waiting to be unstaked in the second half of August, which could intensify selling pressure. Industry experts offer mixed opinions on how this upcoming wave … <a href="https://beincrypto.com/3-5-billion-worth-of-eth-waiting-to-unstake-in-august/">Continued</a>
Meme coin dominance drops as Ethereum absorbs liquidity, but experts predict a rally in meme coins as part of a 4-phase market cycle, with Phase 4 driving altseason.
- 12:43U.S. September economic data delayed due to government shutdownJinse Finance reported, according to Bloomberg analyst Walter Bloomberg's market update: 🔸 The US September Producer Price Index will be released at 8:30 a.m. Eastern Time, delayed due to the government shutdown. 🔸 US unemployment claims will be released at 8:30 a.m. Eastern Time, delayed due to the government shutdown. 🔸 US September retail sales data will be released at 8:30 a.m. Eastern Time, delayed due to the government shutdown.
- 12:35FSB warns that inconsistent crypto regulation may trigger contagion riskChainCatcher news, the latest report from the Financial Stability Board (FSB) warns that the fragmentation of global cryptocurrency regulation is triggering serious financial stability risks. After reviewing nearly 40 jurisdictions, the FSB found that crypto companies are engaging in "regulatory arbitrage" by establishing operations in more lenient regions and then expanding globally to evade stricter regulations. The European Banking Authority also confirmed that crypto companies are engaging in "forum shopping" in an attempt to circumvent new regulations such as MiCA. FSB Secretary General John Schindler stated that differing rules could amplify market shocks. The report points out that the reserves held by stablecoin issuers are now comparable to those of large money market funds, and a rapid liquidation could cause market turmoil. As major financial institutions increase their exposure to crypto assets, cross-border regulatory cooperation remains "fragmented, inconsistent, and insufficient." The FSB has put forward eight recommendations urging countries to strengthen regulatory cooperation.
- 12:35Deutsche Bank survey shows most financial professionals worry about weakening Federal Reserve independenceChainCatcher News, according to Golden Ten Data, Deutsche Bank conducted a survey of 62 financial industry professionals, and the results show that the majority of respondents are concerned that the independence of the Federal Reserve may be substantially weakened. Among them, 41% of respondents believe this is "quite likely," and 21% think it is "very likely." Respondents generally expect that the loss of independence will lead to a decrease in the Federal Reserve's benchmark interest rate, accelerated GDP growth, rising financial market asset prices, and inflation remaining at a high level.