Mr. Goolsbee of the Federal Reserve signalled that he remained uneasy about cutting interest rates again at the Fed's December meeting. Mr. Goolsbee said on Thursday that the fall in inflation "seems to have stalled, and even warns that it is going in the wrong direction. So that makes me a little uneasy." A growing number of policymakers are expressing concern about cutting interest rates too much while inflation remains high....
A number of Nobel laureates in economics jointly sent a letter expressing their opposition, and Summers was even more outspoken: No honest economist would think this bill is a good thing! Click to view...
Now that I've got the answer, it's really interesting how things work, CZ said in X. I'll take a day or so to think about it, as I usually do when making big decisions. Do I respect his privacy or expose the dog for career? Maybe I'll interact with a few memes on the BNB chain. Previously, it was reported that CZ announced its pet dog breed and replied to netizens who asked how Meme operated and created the photo of its pet dog's name, and how to determine which one is the official dog.
Federal Reserve Chairperson Jerome Powell said recent indicators suggest economic activity continues to expand at a solid pace. GDP grew 2.5% in 2024, buoyed by consumer spending elasticity. Investment in equipment and intangible assets appeared to decline in the fourth quarter, but overall performance was solid throughout the year. Activity in the real estate sector appears to have stabilized after a weak mid-year last year. In...
ARK Invest said in its "Big Ideas 2025" report that stablecoins are one of the fastest growing sectors in the digital asset space, and despite a two-year bear market and a market cap decline of more than 70%, the growth momentum of stablecoins remains unaffected. In 2024, the transaction volume reaches 15.60 trillion US dollars, which is about 119% and 200% of the transaction volume of Visa and MasterCard, respectively. The number of monthly transactions of stablecoins reached 110 million, which...
Coinbase Support replied to users at X that Solana transactions were delayed due to wallet maintenance or blockchain issues, which the team is fixing.
The Stuttgart Digital Exchange says Germany's Federal Financial Supervisory Authority has granted it a Crypto Asset Service Provider (CASP) license under the MiCA regulation, which comes into effect at the end of 2024. It is the first German company to be granted a license that allows it to operate throughout the European Union.
In its "Bitcoin Monthly" report, ARK Invest said that while Bitcoin's volatility spiked at the end of the fourth quarter, it was "not significant in historical context". Bitcoin's monthly volatility in December was relatively modest compared to its annual volatility, and the low relative volatility is a sign that Bitcoin has not yet entered the frenetic phase of its cycle, meaning further gains are likely, especially in a bull market. "Indeed, these data points suggest further upside in 2025," t...
Fidelity Digital Assets said in its 2025 Outlook report that Ethereum outperforms Solana in the long term due to fundamental factors such as developer activity, total lock-up value (TVL), and stablecoin supply, but Solana has an advantage in the short term due to its rapidly growing transaction speed and low costs. The report points out that Solana's revenue and TVL are growing faster, but its trend of relying on memecoin trading is strong in a bull market and may weaken in a bear market. In con...
Average trading returns are a good indicator of whether "buying low" or "selling high" is really the right time, Santiment said in a post on X. Currently, wallets active in the past 30 days are in the negative range for BTC, ETH, ADA and DOGE, as well as the vast majority of counterfeit products. When MVRV is negative, it means buying or increasing a position, while others are already losing money. Historically, these "blood in the streets" moments are professional...