JUST IN: Billionaire Mark Cuban says he'd rather own Bitcoin than gold if something bad happens to the economy. "I think it has more value."
Odaily Planet Daily News: Binance and former CEO CZ stated in an article on X platform that the BNB white paper did not consider the possibility of being added as a strategic reserve token, and stated that they cannot predict the future and can only go with the flow. According to CZ's personal profile on X platform, he holds BTC and BNB.
The main large order is displayed on the K line in the form of a horizontal line, the thicker the line means the larger the pending order amount, and the longer the line represents the longer the pending order time
Cardano’s ADA led losses among crypto majors Thursday as bitcoin weakness showed no signs of stopping, pausing any chances of a rally in altcoins.Bitcoin (BTC) slipped to nearly $93,000 on Wednesday as fresh economic data sent U.S. treasury yields soaring, leading to a fall in equities. The latest Institute for Supply Management (ISM) report on U.S. service providers was stronger than anticipated, with the prices-paid measure reaching its highest point since early 2023.This sent other majors spiraling downward. Token prices have been flat over the past week as traders took profits on a short-lived rally earlier in the week, with ADA, Solana’s SOL, BNB Chain (BNB) and ether (ETH) down nearly 10% since Monday.The broader CoinDesk 20 (CD20), a liquid index tracking the largest tokens, is down 2.87% in the past 24 hours, an additional decline after Wednesday’s 7% plunge.Meanwhile, options on the broad-based S&P 500 now reflect greater downside risk than they did a year ago — which may further dampen chances of an uptick in risk assets, including bitcoin, as traders prefer safer investments such as bonds.The defensive positioning in stocks perhaps stems from concerns that President-elect Donald Trump's Jan. 20 inauguration could be a "sell-the-news" event, per CoinDesk’s Omkar Godbole. Risk-taking has picked up across financial markets in the past two months in anticipation of pro-corporate and pro-economy reforms under the incoming Donald Trump's presidency, and profit-taking cannot be ruled out.Trump’s inauguration on Jan.20 is widely expected to shift crypto regulations and even a strategic bitcoin reserve in the coming months, both months that provide legs for the next rally.It’s a view mirrored by Singapore-based QCP Capital, which says traders should keep an eye for new U.S. economic data on Friday before further positioning.“All eyes are on this week's FOMC and NFP releases, which are expected to further influence Bitcoin's price trajectory,” QCP said in a Thursday market broadcast on Telegram. “With market anticipation building, we believe Bitcoin's pullback is merely a pause, setting the stage for a bullish rally as Trump's inauguration fuels optimism.”The NFP is a monthly report that provides insights into job creation or loss in the U.S., excluding farm jobs, reflecting the economy's health. Strong NFP numbers indicate a robust economy, hinting at possible interest rate hikes, which tends to be bad for risk assets such as bitcoin. Poor NFP figures suggest that rates will remain low or decrease, benefiting risk assets.
At the event of "Boao Forum for Asia New Year Outlook 2025", Zhou Xiaochuan, former governor of the People's Bank of China, said that the world will face profound changes and challenges in 2025: the international environment will continue to be full of uncertainty, competition among major countries will intensify, and economic globalization will be frustrated; The global economic recovery is unpredictable, and the industrial chain is forced to reshape due to the decoupling and disconnection of trade and technology; The rapid development of general artificial intelligence brings opportunities and risks; The worsening climate change crisis poses a huge challenge to sustainable development. At the same time, he emphasized that there will be several major changes in 2025: the trend of accelerating the growth of countries in the global South will not change, the direction of promoting inclusive economic globalization in Asian countries will not change, and China's determination to reform and open up will not change. In his speech, Zhou Xiaochuan pointed out that the global public debt is about to exceed $100 trillion, which will increase the external financing costs and exchange rate depreciation pressure of emerging markets and developing countries. Debt poses challenges to the fiscal sustainability of developed countries. We need to be vigilant about the impact of digital encrypted assets on global financial stability and security. The International Monetary Fund (IMF) wrote in its October 2024 Fiscal Monitoring Report that global public debt has reached a high level. By the end of this year (2024), the scale of global public debt is expected to exceed $100 trillion (93% of global GDP); By 2030, it will approach 100% of GDP. This is 10 percentage points higher than that in 2019 (before the COVID-19).
On January 9th, according to Artemis data, the Base network had a net inflow of $140.5 million over the past 7 days, ranking first. Polygon PoS network has a net inflow of $79.4 million, ranking second. Solana (71.5 million US dollars) ranks third.