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- India extends cotton import duty exemption until 2025 to counter U.S. 50% tariffs on Indian exports, boosting textile competitiveness through cheaper global inputs. - Policy triggered mixed market reactions: textile stocks surged 9% while export-oriented firms faced 12% selloff amid U.S. trade tensions and volatile cotton futures. - Long-term gains favor U.S. cotton producers (e.g., 10% price premium in India) and diversified investors in ETFs like COTN, despite 64.84% historical drawdown risks. - Strate
- U.S. 30-year mortgage rates averaged 6.548% on Aug. 29, 2025, showing minor daily fluctuations amid broader stability. - Despite Fed rate cuts since late 2024, rates remain elevated due to inflation, national debt, and Fed balance sheet reductions. - Homebuyers face challenges from "golden handcuffs" and high rates, requiring strong credit (740+) and DTI ratios under 36%. - Analysts predict short-term volatility but no return to pandemic-era sub-3% rates, with policy responses to inflation as key drivers.
- As of August 2025, 55 million Bitcoin wallets show profits, signaling market maturation and long-term investment trends. - Average 4.4-year holding periods and 21% U.S. adult crypto ownership highlight Bitcoin's adoption as a stable store of value. - Institutional investments and Bitcoin's 2025 halving event reinforce its resilience, with 560 million global users boosting network utility. - Profitability metrics remain methodologically unclear, but growing adoption and reduced volatility confirm Bitcoin'
- ZRX plummeted 332.08% in 24 hours to $0.2481 on Aug 29, 2025, amid extreme short-term volatility. - Despite recent 3.9% weekly gain and 814.69% monthly surge, ZRX remains down 4396.33% year-to-date. - Technical analysis shows bearish long-term trends but short-term momentum recovery, complicating trading strategies. - A backtest proposes buying ZRX after 10% daily drops, holding 5 days, to exploit potential reversal patterns.
- Chainlink and Pyth partner with U.S. Department of Commerce to bring key economic data onchain via BEA metrics. - Data is accessible on major blockchains, enabling DeFi innovations like inflation-linked products and real-time prediction markets. - U.S. aims to enhance transparency and position as blockchain leader, with PYTH and LINK tokens surging post-announcement. - Global adoption trends emerge as U.S. sets precedent for blockchain-based data distribution, fostering trust and accessibility.
- Portal to Bitcoin raises $50M to develop BitScaler, a trust-minimized adapter enabling native Bitcoin transactions across 30+ blockchains without custodial bridges. - BitScaler uses modified multi-party channels and Taproot scripts to reduce on-chain footprints, slashing fees while maintaining non-custodial control over funds. - The protocol's Hub-and-Spoke network and Portal Attestation Chain ensure verifiable cross-chain operations, positioning Bitcoin as a scalable DeFi settlement layer. - With Bitcoi
- The 2025 EU-US Trade Pact slashes US tariffs on EU cars to 15% from 27.5%, boosting European automakers' competitiveness in North America. - EU procurement commitments guarantee $750B in US LNG/oil/nuclear energy purchases through 2028, creating long-term windfalls for energy firms. - Dual tariff reductions and $600B EU investments in US clean energy sectors accelerate infrastructure expansion and decarbonization transitions. - Strategic synergies emerge through cross-sector partnerships, including defen
- Tether integrates USDT on Bitcoin via RGB Protocol, enabling private, scalable transactions and Lightning Network compatibility. - This expands Bitcoin’s utility for DeFi and institutional use, leveraging $167B USDT liquidity while addressing high fees and slow settlement. - Challenges include RGB wallet development and regulatory scrutiny, though Tether’s $4.9B Q2 profits and 68% stablecoin market share support adoption.
- Aleo joins GDN as first privacy-first Layer-1 blockchain, enabling encrypted stablecoin infrastructure for cross-border payments and DeFi. - Zero-knowledge tech bridges privacy-compliance gap, allowing institutions to manage treasury and settlements without exposing financial data. - Partnerships with Revolut and Google Cloud expand institutional access and enterprise adoption of privacy-centric Web3 solutions. - Technical upgrades and growing staking activity reinforce Aleo's position as a future-ready
- 10:07Pump.fun’s protocol revenue surpassed Hyperliquid in the past 24 hoursAccording to Jinse Finance, data from Defillama shows that Pump.fun generated $1.09 million in revenue over the past 24 hours, surpassing Hyperliquid's $896,000 revenue in the same period, and ranking only behind Tether ($23.65 million) and Circle ($8.15 million).
- 09:53CME data center operator admits to operational violations, causing last week's trading interruptionBlockBeats News, December 7, last Friday, multiple markets under CME Group—the world’s second largest derivatives exchange—experienced trading interruptions for over 10 hours due to a data center outage. Data center operator CyrusOne confirmed this Saturday that the major disruption was caused by human error. A CyrusOne spokesperson stated that on-site staff and contractors at the Aurora, Illinois data center failed to follow standard procedures to drain the cooling towers before freezing weather, resulting in the cooling system freezing and operating under excessive pressure, which led to loss of temperature control in the equipment. Although CyrusOne claimed to have taken comprehensive and decisive measures to restore the cooling system, CME pointed out in a statement that the initial remedial actions at the data center actually worsened the problem, ultimately causing multiple chillers to fail. This incident highlights the significant risk of CME’s heavy reliance on a single data center. The facility was originally owned by CME and was sold to CyrusOne in 2016, with a 15-year leaseback agreement. CME stated this Saturday: it fully recognizes the serious impact this incident has had on global clients. (Golden Ten Data)
- 09:53Two Casascius physical coins dormant for 13 years suddenly moved, with 2,000 BTC transferredBlockBeats News, December 7, according to CoinDesk, a wallet address associated with Casascius physical bitcoin, which had been dormant for over 13 years, recently transferred 2,000 BTC (approximately $180 million). These BTC had not moved since 2011–2012, when the price of bitcoin was less than $15 each. Background on Casascius physical coins: Launched in 2011 by American entrepreneur Mike Caldwell, these coins embed a private key and are sealed with a tamper-evident hologram, serving as offline cold storage. Denominations range from 1 BTC to 1,000 BTC. In 2013, issuance was forced to stop after FinCEN classified it as an “unregistered money transmission business.”There are still about 90,000 coins in circulation, but most are of small denominations; only 6 coins and 16 bars contain 1,000 BTC each. It is currently unclear whether this transfer was a sale, an internal restructuring, or simply for security reasons (such as concerns over the aging of physical materials). Earlier this year, a user holding a 100 BTC Casascius bar also had to move approximately $9 million in funds to a hardware wallet because it was difficult to import the private key into modern wallets.