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Dfinity Foundation’s Dominic Williams said 95% of blockchains are “junk” and the industry seems more concerned with narrative than substance. Williams considers the Internet Computer Protocol to be the only “third-generation” blockchain.
Institutional Crypto Research Written by Experts
SOL, DOGE, ADA, HBAR, and RNDR are among the poorest performers in the past 24 hours.
Marathon Digital’s hash rate target of 50 EH/s by the end of 2025 may be achieved a year sooner than expected, CEO says
Quick Take Reps. Patrick McHenry and Maxine Waters have been working on a stablecoin bill that was advanced out of the Republican-led House Financial Services Committee over the summer last year. Rep. Maxine Waters told Bloomberg News this week that they were on their way “to getting a stablecoin bill in the short run.” Others say a sticking point on who should be the primary regulator of stablecoin issuers would have to be resolved first.
Consensys filed a lawsuit against the SEC in a Texas court on Thursday
WBIT holds 8,900 BTC, worth around $579 million, across 134 wallets, Arkham Intel finds.
- 2024/10/24 23:54Murad: SPX6900 is not only a Meme coin, but also a financial movementAccording to Murad on X, SPX6900 is not just a Meme coin, it represents a financial movement. Over time, the influence and participants of #SPX6900 will far exceed our imagination. Subsequently, the price of SPX6900 rose by 9.9%, with a market value reaching $830 million and temporarily reported at $0.8309832, showing its growth potential and positive market response. The market fluctuates greatly, please manage your risk well. It is reported that SPX (SPX6900) is a spoof meme coin inspired by the iconic S&P 500 index. Its creativity is based on the humorous concept that "6900 is bigger than 500", implying that SPX6900 has more value or significance than the S&P 500 index while deconstructing traditional financial systems in an ironic way.
- 2024/10/24 23:34Tesla's stock price surged by 22%, Musk's wealth skyrocketed over $26 billion overnightOn Thursday, Eastern Time (October 24), Tesla's stock price achieved its best performance in 11 years, and the wealth of the company's CEO and world's richest man, Musk, increased by more than $26 billion. On Thursday, Tesla's stock price rose by 21.92%, closing at $260.48 per share, marking its best single-day gain since 2013 and increasing its market value by about $150 billion. The approximately 22% increase on Thursday was also the second-largest rise since the company went public in 2010. According to Forbes' latest data, Musk currently has a personal fortune of $2698 billion (as of October 24), which increased by $26.4 billion on Thursday alone - an increase of as much as 10.83%.
- 2024/10/24 22:5296.3% probability that the Fed will cut rates by 25 BP in NovemberThe probability that the Fed will cut 25 basis points by November is 96.3%, and the probability of keeping current rates unchanged is 3.7%. The probability of keeping current rates unchanged through December is 1%, the probability of a cumulative 25 basis point cut is 28.5%, and the probability of a cumulative 50 basis point cut is 70.5%.
