According to the Wall Street Journal, JPMorgan Chase has officially launched its first tokenized money market fund, marking an important step for the banking giant in the application of blockchain technology. The Private Offering Fund will run on the Ethereum blockchain and is open to qualified investors. JPMorgan will inject $100 million in equity funds into the fund as launch capital.
At 23:00 Beijing time, the PCE data, the Federal Reserve's favorite inflation indicator, will be released. Since the CPI data has been officially absent, tonight's data will be the only inflation guidance before the Federal Reserve's December meeting. The market will zoom in on every detail of the report and be vigilant for market fluctuations. (Jin Ten)
Kyle Samani, co-founder of Multicoin, wrote on X: "I've been calling for years for projects to be 100 per cent unlocked on day 1, the only way to achieve effective price discovery. The team that came closest to doing this was Solana, who did a big unlocking in month 9." Kyle Samani added that another option worth considering is for the team to lock positions, but the investors do not lock positions. This approach makes sense because investors have already completed their work...
US Senator Lummis said that the Strategic Bitcoin Reserve is the only solution to our national debt, and supports the Trump administration's push for SBR (Strategic Bitcoin Reserve).
Matrixport released a daily chart analysis saying that the Ethereum ETF performance was flat again, and Bitmine was actually the only institution that continued to buy. After strong inflows of $5.20 billion and $4.30 billion in July and August, respectively, inflows plummeted to only $300 million and $600 million in September and October, and there was little continuation after that. In the absence of new institutional demand, Ethereum remains vulnerable to further consolidation and may even fac...
According to Lookonchain monitoring, a trader turned $5,245 into $2.16 million in just 40 minutes, with a return of 410 times. He spent 4 BNB tokens (worth $5,245) to buy 41.11 million BNBHolder tokens, and then sold 33.55 million BNBHolder tokens for 956 BNB tokens (worth $1.25 million), leaving 7.55 million BNBHolder tokens (worth $906,000). In just 40 minutes, he made more than $2.15 million, yielding a whopping 41,088%.
The government shutdown has exacerbated expectations of interest rate cuts, and the reaction of the international spot gold market is complicated. The importance of ADP has been greatly magnified, becoming the only basis for evaluating the labor market during the "data vacuum period".