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Aave community mulls proposal to expand to Neon EVM on Solana
Aave community mulls proposal to expand to Neon EVM on Solana

Quick Take: The Aave governance forum is considering a proposal to deploy Aave v3 on Neon EVM. The proposal was made by the Neon Foundation and the Aave Chan Initiative. Currently in the “temperature check” phase, it invites feedback from the Aave community.

The Block·2024/01/15 13:54
This Is Bitcoin’s (BTC) Potential Low, According to Technicals: 10x Research
This Is Bitcoin’s (BTC) Potential Low, According to Technicals: 10x Research

Bitcoin’s history shows market fatigue, with retracements after major events like futures launch, Coinbase listing, and ETFs.

Cryptopotato·2024/01/15 13:31
Crypto Community Reacts to Vanguard’s Anti-Bitcoin Stance
Crypto Community Reacts to Vanguard’s Anti-Bitcoin Stance

Rumors are making the rounds that Vanguard is reconsidering its anti-Bitcoin stance after the mass exodus from its products.

Cryptopotato·2024/01/15 13:31
Bitcoin long-short ratio hits multi-month high
Bitcoin long-short ratio hits multi-month high

The bitcoin long-short ratio has hit a multi-month high.Onchain data shows the majority of derivatives traders have taken a bullish stance in the past 24 hours, according to Coinglass data.

The Block·2024/01/15 13:02
Sui’s value skyrockets to ATH amid booming DeFi ecosystem
Sui’s value skyrockets to ATH amid booming DeFi ecosystem

The blockchain network ranks among the top 15 blockchains for daily transaction volume and weekly volume.

Crypto Slate·2024/01/15 12:57
Moody's says adoption of tokenized funds signals 'untapped market potential'
Moody's says adoption of tokenized funds signals 'untapped market potential'

Quick Take The growing adoption of tokenized funds is raising the efficiency of investing in assets like government bonds and signals “untapped market potential,” according to analysts at Moody’s. Tokenized funds necessitate fund managers to have more technological expertise, the analysts said.

The Block·2024/01/15 12:31
How one of the leading DePIN projects is innovating the solar industry
How one of the leading DePIN projects is innovating the solar industry

Rowan Energy pioneers DePIN in solar sector, enabling owners to become key players in energy distribution.

Crypto Slate·2024/01/15 12:05
Crypto investment products saw record $17.5 billion trading volume last week: CoinShares
Crypto investment products saw record $17.5 billion trading volume last week: CoinShares

Quick Take Crypto investment products witnessed record trading volume of $17.5 billion last week, according to CoinShares. These products also saw $1.18 billion worth of inflows, though fell short of the $1.5 billion record set when futures-based ETFs launched in October 2021.

The Block·2024/01/15 11:45
Flash
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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