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Bitcoin fell below $90,000, Yearn Finance suffered a $3 million loss due to a hacker attack, the probability of a Federal Reserve rate cut in December is 87.4%, CoinShares withdrew its ETF application for XRP and others, and the prices of SOL and Ethereum declined. Summary generated by Mars AI. The accuracy and completeness of the content generated by the Mars AI model are still being iteratively improved.
The market is no longer driven by fundamentals.
Hedera rallied 6.5% following Vanguard’s confirmation of its first HBAR ETF launch, marking institutional validation after Canary Capital’s approval drove $80.26M in inflows.
Paul Atkins said that the SEC will unveil the ‘Innovation Exemption’ for crypto firms starting in January next year.
Quick Take The Guiding and Establishing Innovation for U.S. Stablecoins Act, or GENIUS, was passed into law over the summer. Next, agencies need to write rules to implement the new law. “I just want to make sure that we get these done on time,” Rep. Bryan Steil said during Tuesday’s hearing.
Quick Take Astria was “intentionally halted” at block number 15,360,577, according to the team on Monday. The project, which aimed to become a modular decentralized sequencer option for Layer 2 networks, has gradually rolled back key features over the past several months.
In a market shaken by recent drawdowns and macro pressure, our new collaborative report with Fasanara Digital maps how core ecosystem infrastructure – spot liquidity, ETF flows, stablecoins, tokenized assets, and decentralized perps – is shifting in Q4.
Quick Take Kalshi announced today that it has become CNN’s official prediction markets partner. Kalshi data will be integrated across CNN programming, and will be used by its newsroom, data and production team.
Quick Take An Aave Chan Initiative proposal suggested culling low-earning instances and instituting revenue floors for future deployments. Aave, by far the largest Ethereum-based decentralized lending protocol, has historically taken a maximalist approach towards deploying on new blockchains.
- 23:22JPMorgan: The risk of being removed from the MSCI index has already been reflected in the stock priceJinse Finance reported that JPMorgan stated that the potential risks of Strategy Inc. being removed from major stock indices have already been fully priced into its shares. The bank also noted that even if MSCI’s upcoming decision results in the company’s removal (which would trigger passive outflows), it could actually serve as a catalyst for the stock price to rise. As the world’s largest enterprise-level bitcoin holder, Strategy is already under pressure from the decline in token prices — the company holds about $60 billions worth of bitcoin and has limited cash reserves. Market concerns over a possible sale of crypto assets by the company have continued to intensify, and with the current crypto market experiencing thin liquidity and weak demand, these worries have further increased the selling pressure on the stock.
- 23:15A user of a certain exchange is granted permission to refile a lawsuit over the theft of 80 million USD worth of bitcoinAccording to ChainCatcher, citing Bloomberg, a fraud victim will get a new opportunity to sue an exchange in state court, accusing it of involvement in the theft of $80 million worth of bitcoin. The Florida Court of Appeals issued its ruling on Wednesday. The Florida Third District Court of Appeal stated in its decision that the trial court was wrong to believe it could not exercise personal jurisdiction over the exchange, as the case accuses the crypto trading platform of failing to continue freezing the stolen funds.
- 23:09Jensen Huang: Energy is becoming the next global bottleneck for artificial intelligenceJinse Finance reported that Nvidia CEO Jensen Huang stated: Energy is becoming the next global bottleneck for artificial intelligence; the development of artificial intelligence is putting pressure on power supply; it is predicted that in the next decade, small nuclear reactors will be widely used to power artificial intelligence systems.
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More[Bitpush Daily News Selection] Trump actively hints at Hassett as the next Federal Reserve Chairman; Bloomberg: Strategy may consider offering bitcoin lending services in the future; Strategy CEO: Strategy sets $1.4 billion reserve through stock sale to ease bitcoin selling pressure; Sony may launch a US dollar stablecoin for payments in gaming, anime, and other ecosystems
JPMorgan: The risk of being removed from the MSCI index has already been reflected in the stock price