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Is the Constraint of Reputation and Trust Still Effective in an Increasingly Murky Market?
Share link:In this post: Trump launched a new crypto venture where he profits early and his supporters lose money again. His past projects—Truth Social, $Trump, $Melania, and NFTs—left late investors with major losses. The new WLFI token offers no profits or ownership but funnels 75% of sale proceeds back to Trump.
Share link:In this post: Jerome Powell hinted at a possible September rate cut but admitted the Fed is facing a “challenging situation.” Fed officials are divided over inflation, weak hiring, and whether to cut rates now or wait. Trump threatened to fire Governor Lisa Cook and continues to pressure the Fed to lower rates.
Share link:In this post: Only 37% of Americans trust Powell to manage the economy, near record-low levels. Powell hinted at upcoming interest rate cuts during his final Jackson Hole speech. Trump attacked Fed official Lisa Cook and installed loyalists to reshape the central bank.
- 05:11Yesterday, the net inflow of US spot Ethereum ETFs was $12.5 million.According to ChainCatcher, citing monitoring data from Farside, the net inflow of US spot Ethereum ETF reached $12.5 million, ending a streak of six consecutive trading days of net outflows.
- 05:10Data: Exchange stablecoin reserves have increased by nearly $10 billion in the past monthAccording to Jinse Finance, on-chain analyst @ali_charts has monitored that over the past month, stablecoin reserves on exchanges have surged by nearly $10 billion, suggesting that traders are converting crypto assets into stablecoins.
- 05:03Elixir: The official 1:1 deUSD to USDC redemption channel is now openOn November 7, Elixir announced that the team has completed the redemption of approximately 80% of all deUSD holders (excluding the Stream portion). Currently, Stream holds about 90% of the deUSD supply (approximately $75 million), and Elixir's remaining collateral assets are mainly Morpho loans issued to Stream. All remaining deUSD and sdeUSD holders (including LPs from AMM and lending platforms) can exchange their tokens for USDC at a 1:1 ratio. Elixir has taken a snapshot for this purpose and launched an official redemption page. At the same time, the minting and redemption functions for deUSD have been closed. Official reminder: deUSD no longer has any value, please do not purchase or invest further, and users are warned to only submit redemption requests through official links and to beware of scam websites.