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Railgun token (RAIL) gained over 140% in the past 24 hours after an X.com post from Vitalik Buterin showed his support for its privacy pools protocol.Railgun is a privacy protocol that enables private smart contract and DeFi transactions.
Not a single public miner has outperformed bitcoin year-to-date in the run-up to the network’s latest halving event this week. However, CEOs at leading Bitcoin miners remain upbeat amid market share consolidation and new application opportunities, according to analysts at Bernstein.
Crypto investment products returned to net outflows last week, with $126 million exiting funds globally, according to CoinShares.These represent the first weekly outflows since the record $1 billion worth of outflows registered in the week ending March 22.
The partnership between Stepn and Adidas will begin with an NFT collection. Physical merchandise is also planned, according Stepn.
- 14:16The U.S. stock market opened with the three major indexes generally falling, and MicroStrategy dropped more than 2%The U.S. stock market opens, with the Dow Jones down 0.21%, the S&P 500 index down 0.33%, the Nasdaq down 0.38%, Coinbase falling by 2.19%, and MicroStrategy falling by 2.26%.
- 14:15Presto Analyst: There is a possibility of a bond market collapse after the U.S. election, Bitcoin will benefit from itTrade and financial services company Presto analysts Peter Chung and Min Jung said in a CNBC interview with Paul Tudor Jones on Tuesday that the U.S. election could trigger a bond market crash, among risk assets, they are bullish on Bitcoin, gold, commodities and Nasdaq stocks. Presto analysts stated in their report that over the past 25 years, the ratio of U.S. debt to GDP has risen from 40% to 100%, which may reach between 124% and 200% in the next 10 to 30 years. The US election could trigger a "Minsky moment", where the bond market will recognize problems and demand higher deficit financing compensation. The promises of Republican candidate Donald Trump and Democratic candidate Kamala Harris have both increased the risk of a bond market collapse. Inflation is the only solution to this problem. The Bitcoin Act for year 2024 currently awaiting Congressional approval might help stabilize U.S debt or even possibly stabilize global financial system.
- 14:11BlackRock's IBIT reached a pre-market trading volume of 15 million US dollars today, with 38% being active buy ordersAccording to Trader T's monitoring, BlackRock's IBIT pre-market trading volume reached 15 million US dollars today, with 38% being active buy orders and 35% being active sell orders.
