Beware of fake videos on social media. BTC monthly growth rate is a 4-month high

Headline

▌CZ: Beware of deep fake videos related to me on social media

CZ, the founder of Binance, posted on the X platform, "There are deep fake videos of me on other social media platforms. Please be careful of scams.

▌Monthly growth rate of Bitcoin demand is the highest since April

CryptoQuant analyst Julio Moreno posted on the X platform that Bitcoin demand seems to be recovering. Since April 22, Bitcoin demand is growing at the fastest monthly rate. Although demand momentum is still in the negative range (red bar chart), indicating that selling volume still exceeds buying volume, the degree of this imbalance has eased.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $63,014.07, with a daily increase or decrease of +0.3%;

ETH's latest transaction price is $2,468.38, with a daily increase or decrease of +1.0%;

BNB's latest transaction price is $575.38, with a daily increase or decrease of +0.2%;

SOL's latest transaction price is $146.10, with a daily increase or decrease of +0.7%;

DOGE's latest transaction price is 0.1108 yuan, and the intraday change is -0.1%;

XPR's latest transaction price is 0.5386 US dollars, and the intraday change is -0.2%。

Policy

▌Ministry of Finance: The central government has allocated 66.7 billion yuan in employment subsidies this year

Minister of Finance Lan Fuan introduced in the live broadcast of the State Council Information Office press conference: Since the beginning of this year, the central government has allocated 66.7 billion yuan in employment subsidies to support local governments in employment of key groups such as college graduates and vocational skills training.

Blockchain Applications

▌Shenyu: Thanks to Arkham for the timely reminder and help in recovering funds from a batch of old addresses

Shenyu YuX, co-founder and CEO of Cobo, wrote, "Recently, a batch of old addresses from 1,000 days ago were sorted out. There are still funds in the old contracts of some addresses, but the front end did not show them. Thanks to Arkham for the timely reminder and help in recovering these funds. I really feel the warmth and progress of the industry."

Cryptocurrency

▌TAO broke through $650, with a 24-hour increase of 12.6%

The market shows that TAO broke through $650 and is now quoted at $653.2, with a 24-hour increase of 12.6%. The market fluctuates greatly, so please do a good job of risk control.

▌USDC Treasury issued 50 million USDC on the Ethereum chain this morning

According to Whale Alert monitoring, around 4:08 Beijing time, USDC Treasury minted 50 million USDC on the Ethereum chain.

▌The total market value of stablecoins is US$172.612 billion, with almost no growth in the past two weeks

DefiLlama data shows that the total market value of stablecoins is currently US$172.612 billion, with a 7-day increase of 0.15%. In addition, the total market value of USDT is US$119.713 billion, with a market share of 69.35%. It is worth mentioning that the total market value of stablecoins was US$172.579 billion two weeks ago, with no significant growth.

Important Economic Dynamics

▌The probability of the Fed cutting interest rates by 25BP in November is 95.6%, and the probability of not cutting interest rates is 4.4%

According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points by November is 95.6%, and the probability of maintaining the current interest rate unchanged is 4.4%. The probability of a cumulative interest rate cut of 50 basis points by December is 84.1%, and the probability of a cumulative interest rate cut of 75 basis points is 0%; the probability of a cumulative interest rate cut of 100 basis points is 0%.

Golden Encyclopedia

▌What are Rollups

Rollup is a way of processing transactions on the Layer 2 protocol that frees up valuable space on the base layer. Rollup folds transactions one by one on the second layer, sometimes dozens of times, and then rolls them together before sending the data back to Layer 1. There are two main types of Rollup, optimistic and zero-knowledge (ZK) proofs.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish correct investment concepts and be sure to increase risk awareness.