Unveiling the behind-the-scenes forces of today's market crash, a deep dive into the latest cryptocurrency news!
1. Grayscale's two products, GBTC and ETHE, saw significant net outflows yesterday, with GBTC losing $35.9 million and ETHE losing $49.2 million.
2. In the past 24 hours, a total of $656 million in liquidations occurred across the network, among which liquidations for BTC and ETH both exceeded $100 million, with long positions being heavily affected.
3. Federal Reserve's Powell stated that they cannot touch BTC and do not wish to change the laws, meaning Bitcoin is unrelated to them.
4. Powell also revealed that the Federal Reserve is currently considering slowing down interest rate cuts, saying that the 'magnitude and timing' need to be well-calibrated, and today's interest rate decision is quite complicated.
He also mentioned that if inflation does not obediently approach 2%, they will gradually ease policy restrictions.
The inflation indicator for November may rise to 2.8%, but the overall economy is performing well, and inflation is close to the 2% target.
5. Some analysts say there are disagreements within the Federal Reserve regarding the neutral interest rate level, with quite a bit of division.
6. In U.S. interest rate futures, there's a belief that the probability of the Federal Reserve not changing interest rates in January is over 90%, and this expectation is quite stable.
7. The Federal Reserve's annual interest rate decision for 2024 has been released, with the benchmark interest rate lowered by 25 basis points to a range of 4.25%-4.50%, consistent with expectations, marking a third consecutive rate cut.
8. A new address withdrew 687,000 PENDLE from Binance for staking, worth $4.26 million.
9. The company Plume has completed a $20 million Series A funding round, indicating strong growth momentum.
10. There's also a significant movement, with 2,957 BTC and 7,572 ETH transferred from Cumberland to Coinbase Institutional, which is quite an interesting flow of funds.
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