BTC breaks through $101,000 Cardano Foundation Twitter account has been hacked

Headline

▌BTC breaks through $101,000

According to the market, BTC broke through $101,000 and is now at $101,051.99, with a 24-hour increase of 1.23%. The market is volatile, so please do a good job of risk control.

▌Cardano Foundation Twitter account has been stolen

According to Aggr News, the Cardano Foundation Twitter account has been stolen.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $100,827, with a daily increase or decrease of +0.9%;

ETH's latest transaction price is $3,993.86, with a daily increase or decrease of -0.2%;

BNB's latest transaction price is $741.03, with a daily increase or decrease of -1.3%;

SOL's latest transaction price is $236.67, with a daily increase or decrease of -0.7%；

DOGE's latest transaction price is 0.4642 yuan, with a daily increase or decrease of +2.6%；

XPR's latest transaction price is 2.59 US dollars, with a daily increase or decrease of -0.4%。

Policy

▌Ripple's Chief Technology Officer criticized the US Federal Deposit Insurance Corporation's actions on cryptocurrencies

New documents show that in 2022, the US Federal Deposit Insurance Corporation (FDIC) recommended that banks suspend crypto-related activities due to unresolved regulatory risks. Coinbase’s investigation into these actions found that the FDIC blocked financial institutions from servicing the crypto industry more than 20 times. 

In response to the FDIC’s stance, Ripple CTO David Schwartz criticized the FDIC’s actions against cryptocurrencies on social media, questioning the logic of taking enforcement actions in an environment of regulatory uncertainty, especially after Coinbase publicly exposed the FDIC’s attempts to prevent banks from supporting the industry.

▌Argentine Securities Supervisory Agency Allows Foreign Investment Products Linked to Several Crypto ETF Opportunities to Enter the National Market

Argentine securities supervisory agency CNV announced a market-wide campaign to allow foreign investment products linked to several crypto ETF opportunities, including Ethereum and Bitcoin, gold, and even Chinese stock market indices, to enter the Argentine market. Roberto Silva, chairman of the Argentine Securities Supervisory Agency, stressed: "Through these measures, we are raising Argentina to the standards of the most developed international markets."

Blockchain Applications

▌NFT lending platform Blend has a total transaction volume of US$7.068 billion

According to Dune data, Blur's NFT lending platform Blend has a total transaction volume of US$7.068 billion, with a total of 806,943 loans. The platform currently has 12,288 independent borrowing addresses and 4,680 independent loan addresses.

Cryptocurrency

▌Greeks.live: Cryptocurrency has been independent recently, and the impact of the macro market is limited. Now is a good time to buy options

Adam, a macro researcher at Greeks.live, posted on the X platform that the crypto market is booming, ETFs maintain an inflow trend, and the integer levels of BTC $100,000 and ETH $4,000 have been broken. This week, there are important data on CPI and ECB interest rates, but cryptocurrencies have been independent recently, and the impact of the macro market is limited. The flow of funds in ETFs and crypto-related US stocks deserves more attention.  

Bitcoin successfully broke through $100,000, and altcoins rose in rotation across the board. There are several times the mainstream coins. The market capital inflow is very strong, and the bulls are very strong in the spot bull market.  

The options market is relatively stable, and block transactions and market interest rates deserve attention. At present, the IV of the main term is at a low level, and the short-term IV has obviously fallen back. Now the bull market is strong, which is a good opportunity to buy options.  

In terms of the crypto interest rate market, the Bitfinex interest rate market has been relatively stable recently. When encountering suitable interest rate orders, it can be actively traded, especially when there is a market, it is worth paying special attention.

▌Immunefi: Hacking DeFi protocols has become a "full-time job" for professional attackers

Mitchell Amador, founder of blockchain security company Immunefi, said that despite the threat of "professional DeFi attackers", the cryptocurrency field is becoming more and more secure.  

Amador also said that hacking DeFi protocols has become a "full-time job" for professional attackers, and DeFi hacking has become "an infinitely sustainable and viable industry", although the cryptocurrency field is "undoubtedly" becoming safer.

▌Trump: Will not withdraw investment from social media platform Truth Social

According to NBC News, US President-elect Trump said he does not plan to withdraw investment from Truth Social, a social media platform worth $1 billion that he founded. "I don't know which assets to divest," he said. "All I do is publish information."

Important Economic Dynamics

▌The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 85.1%

According to CME's "Fed Watch": The probability of the Federal Reserve maintaining the current interest rate unchanged by December is 14.9%, and the probability of a cumulative interest rate cut of 25 basis points is 85.1%. The probability of maintaining the current interest rate unchanged by January next year is 10.1%, the probability of a cumulative interest rate cut of 25 basis points is 62.6%, and the probability of a cumulative interest rate cut of 50 basis points is 27.3% (Jinshi)

Golden Encyclopedia

▌What is chain abstraction?

Chain abstraction is a concept that simplifies the user experience of blockchain technology and unifies transactions across multiple networks. Blockchain chain abstraction aims to solve this problem by hiding or "abstracting" the technology from users. This means that people don't know that they are using a blockchain or which blockchain they are using. Chain abstraction works by providing a single interface that enables users and developers to interact with multiple blockchains without having to manage the complexity of each individual chain.

Disclaimer: As a blockchain information platform, the content of the articles published by Jinse Finance is for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to enhance risk awareness.