U.S. services activity picked up in December, but an index measuring input prices surged to a near two-year high, indicating rising inflation, in line with the Federal Reserve's forecast for a smaller rate cut this year. The Institute for Supply Management (ISM) said on Tuesday that its non-manufacturing PMI rose to 54.1 last month from 52.1 in November, beating market expectations of 53.3, on the back of strong demand. So-called hard data, including consumer spending, suggest the U.S. economy p...
With on-chain activity picking up, Circle USD stablecoin USDC market cap has risen 80% from its 2023 low, according to CoinGeck data, as of January 2, USDC circulating supply is close to $44 billion, almost double the 2023 low of less than $24 billion, of which about 65% of the USDC supply is on the Ethereum chain, 10% on the Solana chain, and about 15% on the Base, Arbitrum, and Hyperliquid chains. Analysts expect this trend to continue, and the USDC market cap may double this year.
The Dallas Federal Reserve Business Activity Index for December was 3.4, expected to be 0, and the previous value was -2.7.
Citi analysts believe that six key factors, including ETF activity and regulation, will help determine the direction of cryptocurrencies in the coming year.
IntoTheBlock data shows that Chainlink's on-chain activity has been increasing in the past month, with both transaction volume and active address volume hitting new annual highs. The project's recent high-value partnerships with Coinbase's Project Diamond, the Central Bank of Brazil, and SWIFT could further enhance the actual utilization of the Chainlink network.
Federal Reserve Beige Book: Economic activity rose slightly in most regions.
According to PeckShield monitoring, the community has reported suspicious activity involving the removal of liquidity from the OCEANS/SUI pool. Address 0x4a7a mainly removed about 116.9 million OCEANS and exchanged it for 34,000 SUI (worth about $115,000).
The US Federal Reserve Bank of Dallas business activity index for November was -2.7, expectations were -2.4, and the previous value was -3.
The Dallas Federal Reserve Business Activity Index recorded -2.7 in November, the highest since April 2022.
The Russian government's Committee on Legislative Activities advanced a bill on cryptocurrency taxation on November 11, 2024. The bill defines cryptocurrencies as property and sets different tax requirements for individual and corporate miners. According to the new regulations, companies need to register with the Federal Tax Service to legally carry out mining operations, while individuals with monthly electricity consumption below 6,000 kWh do not need to register. The new framework adopts a tw...
According to CertiK, the CoinStats attackers have just resumed their money laundering activities after months of inactivity. On November 9, approximately 2.6 million dai were transferred to four new addresses, and a day later another approximately 2.6 million dai were deposited into MakersDai contracts. Nonetheless, half of the 3,027 ETH (about $10 million) transferred to 0x7397 did not move, as 2.6 million Dai on 0x7b00 and 762 ETH on 0x7d38.
With the price of lithium contracts rising and trading activity increasing, the price of lithium in China rebounded, and major battery manufacturers have begun to purchase lithium carbonate from the cash market, and expect...
On October 16th, Sichuan Luqiao issued a notice of abnormal movements. After the company's self-inspection, the company's current production and operation activities are normal, and the daily operation has not changed significantly; the company has not found media reports or market rumors that may have a significant impact on the company's stock trading price; neither the company nor the controlling shareholder has any major matters affecting the abnormal fluctuations of the company's stock trad...
According to SolanaFloor's disclosure on the X platform, at the Solana BreakPoint event, José Fernández, the head of crypto at PayPal, said that Ethereum is not the best payment solution, which prompts them to launch related products on Solana, which offers token scaling, is cheaper, and can process 1,000 transactions per second, which is more suitable for mainstream adoption.
German authorities have shut down 47 cryptocurrency exchanges suspected of involvement in criminal activities such as money laundering, saying they deliberately failed to meet their obligations to conduct identity and background checks on customers. Some of the exchanges include Xchange cash, 60cek, Baksman and other smaller platforms. One of the exchanges has been active since 2012, while others were established only the year before.