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Various stories of post-2000s cryptocurrency investors striking it rich have flooded social media, but here is the flip side of the story.
Phala Network ($PHA) could rally 701% after confirming a breakout, aiming for the $1.0201 level.What Makes the $1.0201 Target Significant?Can This Rally Sustain Itself?
The U.S. government just added $332K in ETH, raising total Ethereum holdings to $254M.Ethereum: A Strategic Asset in Government HandsEthereum: Not Just for Traders AnymoreA Signal to the Market?
The EU is fast-tracking digital euro plans, eyeing Ethereum or Solana instead of private networks, per Financial Times.Public Blockchains Take the LeadWhy Ethereum and Solana?What This Means for the Crypto Industry
- 17:56Data: 7.5557 million TRX transferred out from a certain exchange, worth approximately $2.2359 millionAccording to ChainCatcher, Arkham data shows that at 01:39, 7.5557 million TRX (worth approximately $2.2359 million) were transferred from an exchange to FarFuture.
- 17:47Interest rate derivatives contracts indicate less than a 50% chance of a Fed rate cut in DecemberJinse Finance reported that federal funds futures and overnight index swap (OIS) contracts linked to the Federal Reserve's December 9-10 meeting indicate that the probability of a 25 basis point rate cut is slightly below 50%.
- 17:47Analyst: The impact of this US government shutdown on the economy exceeds that of the 2018-19 shutdownJinse Finance reported that a brief analysis by Anderson Economic Group LLC indicated that the economic impact of the current longest U.S. government shutdown in history will significantly exceed that of the 2018-2019 shutdown. Its full effects have yet to be fully revealed. The company's principal and CEO, Patrick Anderson, stated: "We won't see official government statistics for at least a month, but the private sector information we currently have shows that the impact of the 2025 shutdown is more severe than the last shutdown that ended in January 2019." The company pointed out that both beer and automobile sales declined in October. Automobile sales fell by 4% compared to September, while beer sales dropped by 6%. Anderson added, "When beer sales go down, you know things are not looking good."