The US stock market closed with the Nasdaq up 1.77%
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At the close of the US stock market, the Dow Jones Industrial Average rose 0.8%, the Nasdaq rose 1.77%, and the S&P 500 index rose 1.26%.
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At the close of the US stock market, the Dow Jones Industrial Average rose 0.8%, the Nasdaq rose 1.77%, and the S&P 500 index rose 1.26%.
Click the link to join the meeting: https://meeting.tencent.com/dm/EVTME65053sj Hello everyone, this is Teacher A Niu. Let's talk about the overall market situation in the cryptocurrency market these past few days. In the past few days, the market has not shown a clear one-sided trend, but rather has been fluctuating widely, with prices moving back and forth. As you can see from BTC and ETH, their correlation is very strong; major cryptocurrencies rise and fall in tandem. The most obvious characteristic of the market is the frequent occurrence of rapid, short-term price spikes and dips, followed by quick rebounds. These spikes repeatedly trigger stop-loss orders on both sides, indicating intense competition between bulls and bears. Let's start with the macro picture: The core focus of the market right now is still the US CPI inflation data and the Federal Reserve's interest rate expectations. If inflation data falls, expectations of interest rate cuts will rise, and funds will be willing to enter the market, making a market rebound more likely; however, if inflation rebounds, market concerns about maintaining high interest rates will lead to a stronger dollar, higher US Treasury yields, and pressure on risk assets, making a market decline more likely. Looking at the market structure: We are currently in a consolidation phase, with clear resistance above and support below, and the price is digesting the fluctuations within this range. Only if the price breaks through the resistance with significant volume will the bulls regain the upper hand in the short term; conversely, if the price breaks below the key support level, the rebound structure will be destroyed, and the price will continue to test lower levels. Many people fall into a common misconception: seeing a large bullish candlestick means the bull market has arrived, and seeing a large bearish candlestick means the trend has turned bad. Short-term fluctuations are often just short-term speculative plays, and the volatility caused by a single news event cannot directly represent the overall trend. In this kind of volatile market, the price is most prone to swings and fluctuations, making leveraged trading extremely risky, as you can be stopped out at any time by sudden price spikes. We'll provide real-time market analysis tonight at 22:00. Don't miss it! Join the 3Qian community for simpler and more efficient trading! Non-stop benefits await! 1. We guarantee compensation for the first three trades, so you can trade without any worries! 2. Our instructors provide real-time trading every day, keeping you up-to-date with market trends and helping you quickly seize market opportunities! 3. Daily exclusive live stream giveaways with plenty of perks for everyone! 4. Generous community benefits; participate simply by making a transaction and receive non-stop surprises! 5. A strong community atmosphere allows you to find like-minded friends and make trading easier! Disclaimer: The above content represents only the author's personal views and is intended to assist investors in understanding relevant information in the capital market. It does not constitute any investment advice and does not represent the position or views of AiCoin. The market is risky, and investment requires caution.
Malaysian Prime Minister Anwar Ibrahim met with Jihan Wu, founder, chairman, and CEO of Bitdeer, and his delegation. Bitdeer is exploring long-term investment proposals and plans to develop artificial intelligence infrastructure in Malaysia. (Source: Daily News)
Hardware wallet maker Foundation says attackers exploited vulnerabilities in Cal.com's appointment software and Bank-Vaults to steal credentials and access customer records, email systems, and domain settings. The intrusion began on October 21, and attackers sent phishing emails to 21,463 email addresses on October 25. The leaked information included names, home addresses, phone numbers, order records, customer service communications, and partial payment card information. Scammers used the stolen purchase and payment information to call customers, tricking them into providing their Bitcoin wallet mnemonic phrases. The foundation stated that employee accounts and devices were unharmed, funds stored in Passport devices are safe, and it will reduce its self-custodied infrastructure and shift to custodial services. (Source: Bitcoin News)
BVNK, a subsidiary of Mastercard, has launched the stablecoin Open USD (OUSD), allowing customers to mint, redeem, hold, and receive OUSD on the platform. OUSD is exchanged 1:1 with the USD balance and is available on the Ethereum, Solana, Base, and Tempo networks. BVNK provides exchanges, OTC dealers, and market makers with a 1:1 direct minting and burning channel. OUSD is currently only available to eligible BVNK corporate clients outside the European Economic Area.
[Safe's DeFi Net Assets Reach $12.4 Billion at the End of Q3] Safe, a smart account platform, released its Q3 data. As of the end of the quarter, of the $57.64 billion in assets held in Safe's smart accounts, the net value of DeFi protocol positions was $12.4 billion, after deducting $2.37 billion in borrowing. This marks the first time Safe has included DeFi positions in its asset statistics. The total account assets increased from $27.24 billion at the end of Q2, with a 66% increase in ETH being one of the reasons for the growth. At the end of Q3, Safe's stablecoin balance increased by 15% to $7.48 billion, and the quarterly transaction volume reached $44.75 billion, a 13.7% increase quarter-over-quarter. (Source: The Defiant)