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Ethereum price increase driven by anticipation of Dencun upgrade: Grayscale

Quick Take: In a new report, Grayscale said ether’s “recent price performance reflects the market’s anticipation” of the Dencun upgrade coming next month. Grayscale is also hoping the Securities and Exchange Commission approves converting its Ethereum trust into a spot ether ETF.

The Block·2024/02/23 18:09

Crypto’s next leap: Ether ETFs through Keyrock’s kaleidoscope

Cointelegraph·2024/02/23 16:40

Uniswap Foundation proposal suggests turning on rewards for UNI token holders

Quick Take: Uniswap Foundation has proposed changes regarding Uniswap’s community governance. One notable upgrade would change the fee mechanism to reward users who delegated and staked their UNI tokens.

The Block·2024/02/23 15:18

Essential Cryptos for February 2024: Your Buying Checklist

Cryptodaily·2024/02/23 14:58

Crypto Price Analysis Feb-23: ETH, XRP, ADA, SOL, and BNB

Cryptopotato·2024/02/23 13:31

Social media platform Farcaster ships support for Solana addresses

Quick Take: Social media platform Farcaster has added support for Solana. This allows Solana users to verify their addresses using the platform.

The Block·2024/02/23 13:27

How Bitcoin ETFs, the halving, and bull market is shaping crypto, according to Bitget

Bitget's leadership shares insights on navigating the volatile world of crypto futures.

Crypto Slate·2024/02/23 13:03

Avalanche confirms block finalization stall, developers currently investigating

Quick Take: Avalanche has confirmed a block finalization stall, preventing blocks from being accepted on the primary network. The last block on the Avalanche C-Chain appears to have been more than an hour ago, according to on-chain data.

The Block·2024/02/23 13:02

Spot Bitcoin ETF cumulative trading volume exceeds $50 billion

Cumulative trading volume for spot Bitcoin ETFs broke past $50 billion yesterday.The ETFs also returned to net inflows, bringing in $251.4 million on Thursday.

The Block·2024/02/23 12:10

Donald Trump's stance on Bitcoin is changing, says 'many people are embracing it'

Quick Take: U.S. Presidential candidate Donald Trump appears to be warming toward Bitcoin, having previously called it a “scam.” Trump said that some regulation was likely required, but many people are embracing it, and he could “live with it one way or the other.”

The Block·2024/02/23 11:56

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08:55

Economist: Powell's Favorite Unconventional Inflation Gauge "Unreliable," Hopes for Challenge

BlockBeats News, June 16th, Federal Reserve Chairman Powell once expressed a preference for adopting another inflation measure standard - the "trimmed mean PCE inflation," which excludes extreme values before calculating the weighted average. Boston College economics professor Brian Bethune stated that currently, the trimmed mean PCE is not the most reliable indicator. In short, when the inflation shock behaves similarly to the period of 2009-2019 (i.e., before the 2020 COVID-19 crisis), this indicator works best because there was a better balance between positive and negative shocks at that time. However, when price shocks mainly come from positive factors such as supply disruptions, tariffs, surging oil prices, or significant special sports events (like the World Cup), this indicator will underestimate inflation. "Therefore, it is hoped that someone can challenge him on this," Bethune said. But regardless of which indicator is referenced, U.S. inflation remains above the Fed's 2% target - has been so since the spring of 2021.

08:51

SPCX Ranks Among Top HIP-3 Markets with Trading Volume Exceeding $1.125 Billion

On the Hyperliquid platform, SpaceX tokenized stocks have become the highest trading volume HIP-3 market, ranking third in overall trading volume across the Hyperliquid platform. Data shows that SPCX has recorded a trading volume of $1.125 billion, making it one of the most actively traded HIP-3 assets in the current Hyperliquid ecosystem.

08:36

Institution: Walsh's true "reaction function" remains a mystery, and adapting to working with FOMC colleagues will be a key test

Golden Ten Data reported on June 16 that Walsh served as a Federal Reserve Governor from 2006 to 2011, when he was known for his “hawkish” stance. However, as a nominee for Federal Reserve Chair, he advocated lowering borrowing costs and predicted that AI-driven productivity gains and the Federal Reserve’s balance sheet reduction might act as forces restraining inflation. Darius Dale, founder and CEO of 42 Macro, stated, “I don’t think anyone truly knows what Kevin Walsh’s real ‘reaction function’ is at this point.” Another unknown is how much his colleagues on the FOMC will accept his “vision”. At his Senate confirmation hearing, Walsh said the Federal Reserve had “failed to deliver” on its promises. For years, Walsh has been a vocal critic of the Federal Reserve, sometimes quite sharply, which Dale believes could pose significant challenges for him in leading the institution. Additionally, Dale highlighted two important mentors in Walsh’s career—Stanley Druckenmiller and the late Milton Friedman. Walsh studied under two of the greatest economists in world history, whose views on how the economy works are very different from those of the current FOMC members. Some of the topics he will discuss might be things we haven’t heard from Federal Reserve officials in decades.

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U.S.-Iran Deal Sparks Sudden Crypto Rotation, Santiment Notes

Institutions and Digital Asset Leaders Gather at Blockchain Futurist Conference to Explore the Future of Finance

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