Powell: We are not allowed to own Bitcoin and we do not want to change the law
The Federal Reserve announced its latest interest rate decision, cutting interest rates by 25 basis points as expected, and the target range of the federal funds rate fell to 4.25%-4.5%. According to the Federal Reserve statement, recent data show that economic activity has grown steadily, the labor market has eased, the unemployment rate has risen but is still low, and inflation is close to the target but slightly higher. The committee will continue to reduce its balance sheet. The resolution was supported by the majority of members, with Beth Hammack opposing and advocating to maintain interest rates at 4.5%-4.75%. Powell said at the press conference that we are not allowed to own Bitcoin and do not want to change the law.
El Salvador reaches $1.4 billion loan agreement with IMF, Bitcoin payments will become voluntary
According to Cointelegraph, El Salvador has reached a $1.4 billion loan agreement with the International Monetary Fund (IMF) and plans to receive financial support over the next 40 months. As part of the agreement, the country will make merchants accepting Bitcoin payments voluntary, while gradually reducing the government's involvement in Bitcoin-related projects, including gradually withdrawing from the management of the state-supported wallet application Chivo.
OpenAI: ChatGPT now supports interacting with users over the phone
Trump family crypto project WLFI announces long-term partnership with Ethena Labs
U.S. stocks closed: Nasdaq fell 3.5%, Dow Jones hit the longest single-day losing streak in 50 years
At the close of the US stock market on Wednesday, the Dow Jones Industrial Average initially closed down 2.58%, setting a record for the longest single-day decline since 1974 (the 10th consecutive trading day of decline); the S&P 500 closed down 2.95%, and the Nasdaq closed down 3.6%. Tesla (TSLA.O) fell 8.28%, and Nvidia (NVDA.O) fell 1.14%. The VIX index rose as much as 78.0% during the day, and was temporarily reported at 28.32 after the US stock market closed.
Sonic Labs announces the official launch of its mainnet
Usual announces integration of USDtb and sUSDe as a core part of its future business strategy
Kelp DAO releases KERNEL token economics, 55% allocated to community rewards and airdrops
Kelp DAO, the Ethereum liquidity re-staking platform, announced the economic details of the KERNEL token, of which 55% will be allocated to community rewards and airdrops (20% for airdrops and 35% for future community rewards), 5% to the ecosystem and partners, 20% for private sales, and 20% to the team and advisors (the team and private sales tokens have a 6-month lock-up period and will be unlocked within 24 months).
Kraken L2 network Ink officially launched the mainnet, several months ahead of schedule
Aave developer Avara completes $31 million financing for Lens development, led by Lightspeed Faction
According to Techcrunch, Avara, the developer of the Aave protocol, announced a $31 million round of financing led by Lightspeed Faction. Alchemy, Avail, Circle, Consensys, DFG, Fabric Ventures, Foresight Ventures, Stellarcore, Superscript, Re7 and Wintermute Ventures participated in the investment. In addition, angel investors participating in this round of investment include Anurag Arjun, Anton Bukov, Rune Christensen, Alex Gluchowski, Aleksander Leonard Larsen, Loi Luu, Spencer Noon and Duncan Robinson. With Lens, Avara is building a decentralized protocol that provides infrastructure for social and consumer applications.
Tokenization startup Plume has completed a new round of financing of $20 million, with Brevan Howard Digital, Haun Ventures, Lightspeed Faction, Galaxy Ventures, Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, Reciprocal Ventures and others investing together, bringing its total financing to $30 million. Plume will use the funds raised in the latest round of financing to expand from crypto-native users to traditional financial companies and asset management companies.
According to Syndica's latest research report, the Solana ecosystem saw significant growth in November, with on-chain revenue reaching $92 million and total DApp revenue hitting a record high of $365 million. Among them, Pump.fun became Solana's first DApp to exceed $100 million in revenue in the first month, reaching $106 million, accounting for 26% of the ecosystem's total revenue. DeFi applications contributed 83.7% of the revenue, of which Meme coin applications had annual revenue of more than $500 million, a 305-fold increase from $600,000 in January. Telegram trading robot revenue doubled to $82 million, accounting for a stable 4-5% of DEX trading volume.
DEX platform Raydium's revenue in November reached $32 million, accounting for 86% of the total revenue of spot DEX, and repurchased $28 million (about 5.4 million) of RAY tokens to distribute to stakers. Jupiter set a new record of $17 million in revenue through perpetual contract business, of which 75% was rewarded to JLP liquidity providers. Phantom Wallet's annual revenue reached $91 million, and Solflare reached $31 million. Lending platform Kamino Finance's revenue reached a new high of $2.9 million, of which 80% came from lending business. Payment infrastructure Helio's revenue increased 7 times to $316,000.
World Liberty used 250,000 USDC to purchase 231,726 ENA 4 hours ago
Marathon Digital has accumulated 1,627 BTC in the past 8 hours, worth about $166 million
USV transferred another 1.156 million UNI to Coinbase Prime 4 hours ago
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