ETH breaks through the $3300 mark
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OKX-ETH/USDT is currently trading at $3300.02, with a drop of 5.36% in 24 hours. Please pay attention to market fluctuations.
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OKX-ETH/USDT is currently trading at $3300.02, with a drop of 5.36% in 24 hours. Please pay attention to market fluctuations.
[Digital Asset Users in the Asia-Pacific Region Reach 535 Million, Driven Mainly by Stablecoins and Remittances] The '2025 Asia-Pacific Digital Asset Adoption Report' released by Consensus shows that approximately 24.3% of adults in the Asia-Pacific region use digital assets, significantly higher than the global average of 16.9%, with a total user base of about 535 million people. The report highlights that stablecoins and cross-border remittances are the primary drivers of digital asset adoption, with particularly strong performance in markets such as Thailand, the UAE, and the Philippines. Data indicates that 29% of remittance users have adopted stablecoins, with an estimated annual transaction volume of $72 billion.
[A Whale Opens 20x Leverage Short Position on SOL, Holding 455,000 SOL] On-chain analysis shows that the whale with address 0x35d1 opened a 20x leverage short position at a price of $165.5 on 455,000 SOL, with a total value of $61.77 million. Currently, the unrealized profit is $13.62 million.
[Bitcoin $80K Put Option Hedging Activity Surges] CoinDesk analyst Omkar Godbole pointed out that hedging activity around Bitcoin $80,000 put options has significantly increased, potentially posing challenges to the short-term trading environment. On the macro level, the strong performance of 10-year Treasury bonds serves as a warning for other risk assets, including stocks. The situation may change before the end of the year, especially if the Federal Reserve cuts interest rates by 25 basis points early next month as expected and signals a dovish stance.
[Bolivian Minister of Economy Plans to Integrate Stablecoins into the Financial System] The Bolivian Minister of Economy has announced plans to integrate stablecoins into the country's financial system.
[Traders Expect Bank of England to Cut Rates by a Total of 68 Basis Points by the End of 2026] The yield on the UK two-year government bond fell by 7.1 basis points to 3.693%, the lowest level since August 2024. Traders have increased their bets on the Bank of England's rate cuts, expecting a total reduction of 68 basis points by the end of 2026.