On November 23rd, Tom Lee, in an interview with CNBC, answered the host why the crypto market plummeted on October 11th, saying, "There are a lot of automated processes in the crypto market. Among them, ADL (automatic deleveraging mechanism) is a typical example - when the price of user account assets or collateral falls, the system will initiate forced position squaring like the traditional market margin call. While USDE maintained a $1 price on other trading platforms, the internal price of a ...
Citi said that we believe a further escalation of tariffs will lead to bullish gold prices rising to $3,000 per ounce in 6-12 months; bullish silver prices rising to $36 per ounce; and bearish copper prices falling to $8,500 per ton in the next three months.
Gold Ten Futures, December 27th, according to foreign media reports, traders and industry officials said that the world's largest rubber producer - Thailand's rubber production in December is expected to decline sharply, because the monsoon brought heavy rains and its flooding in the south disrupted rubber tapping work. Sukthat Tangviriyakul, deputy director of the Rubber Authority of Thailand (RAOT), said the heavy rains hit 11 provinces in southern Thailand, which is an important rubber growin...
Musk recently criticized the US government's use of outdated computers and software, which makes it impossible for the tax agency (IRS) to pass basic audits and even "difficult to track the whereabouts of taxes." He suggested creating an immutable ledger through blockchain technology to increase transparency and strengthen audit capabilities.
According to Al Hadath TV, an Israeli airstrike killed a senior Hezbollah official.
The halving impact led to a decrease in fee income, and block subsidies became the main source of income for bitcoin miners. Of the $25.35 million miners earned per day on September 13, only $398,860 came from transaction fees, or just 1.6% of total revenue. This is a significant change from the previous period, when transaction fees topped out at more than 40% of miners' revenue. Analysts say that with block subsidies halved every four years, transaction fees will only grow in importance in cyb...