Hot topics on October 29
Web3 hot topics on October 29
1. Solana's trading volume has surpassed all blockchains for three consecutive weeks
According to Odaily Planet Daily, Solana Floor disclosed that Solana has surpassed all other blockchains in weekly DEX trading volume for three consecutive weeks. Ethereum ranked second with a trading volume of 8.833 billion US dollars in the past 7 days.
2. BlackRock CEO expects the Fed to cut interest rates by 25 basis points
BlackRock CEO Larry Fink said that the inherent inflation level we are facing is higher than ever before, and interest rates will not be as low as predicted. The Federal Reserve is expected to cut interest rates by at least 25 basis points by the end of 2024.
3. Cryptocurrency maintains "greed" level for two consecutive weeks
According to BlockBeats, on October 29, Alternative data showed that the cryptocurrency panic and greed index was 72 today and 72 yesterday. Market sentiment continued to rise and maintained the "greed" level for two consecutive weeks.
4. Tether CEO admits that the company is at the mercy of the US authorities
Tether CEO Paolo Ardoino said in an interview that the company respects international sanctions and works closely with law enforcement, but admitted that it is ultimately at the mercy of the US authorities. Ardoino said they will not fight the United States.
5. Five major technology giants release financial reports this week
According to Blockworks, five major technology giants will release financial reports this week: Alphabet (Tuesday), Microsoft (Wednesday), Meta (Wednesday), Apple (Thursday) and Amazon (Thursday).
