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The crypto market has generally declined, with bitcoin and ethereum prices falling and altcoins experiencing significant drops. Hawkish signals from the Federal Reserve have affected market sentiment, and multiple project tokens are about to be unlocked. Early ethereum investors have made substantial profits, and expectations for a continued gold bull market persist. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, are still being iteratively improved.
IOTA is collaborating with the World Economic Forum and the Tony Blair Institute for Global Change on the ADAPT project. ADAPT is a pan-African digital trade initiative led by the African Continental Free Trade Area. Through digital public infrastructure, ADAPT connects identity, data, and finance to enable trusted, efficient, and inclusive trade across Africa.
Bitcoin has not broken up with cryptocurrencies; it is simply adapting to its own role.
- 20:48Waller: The upcoming employment report is unlikely to change the outlook on rate cutsAccording to Golden Ten Data, ChainCatcher reported that Federal Reserve Governor Waller stated that any data, including the upcoming employment report, is unlikely to change his view that another rate cut is warranted.
- 20:06Data: In the past 24 hours, total liquidations across the network reached $845 million, with long positions liquidated for $508 million and short positions for $336 million.ChainCatcher news, according to Coinglass data, in the past 24 hours, the total amount of liquidations across the network reached 845 million USD, with long positions liquidated for 508 million USD and short positions for 336 million USD. Among them, bitcoin long positions were liquidated for 227 million USD, bitcoin short positions for 190 million USD, ethereum long positions for 133 million USD, and ethereum short positions for 37.1165 million USD. In addition, in the past 24 hours, a total of 159,632 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD, valued at 96.5116 million USD.
- 19:51Goldman Sachs: Central banks may make large gold purchases in November, maintaining year-end 2024 gold price forecast at 4900Jinse Finance reported that Goldman Sachs stated that central banks may have purchased a large amount of gold in November, continuing a multi-year trend of diversifying reserves to hedge against geopolitical and financial risks. In a report, Goldman Sachs reiterated its forecast that gold prices will reach $4,900 by the end of 2026, and if private investors continue to diversify their portfolios, gold prices could rise even further. So far this year, gold prices have risen by 55%, mainly driven by economic and geopolitical concerns, increased inflows into exchange-traded funds, and expectations of further interest rate cuts in the United States. Goldman Sachs estimates that central banks purchased 64 tons of gold in September, up from 21 tons in August.