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[Binance Alpha: Midnight (NIGHT) Airdrop to Reopen at 17:30] Binance Alpha announces that the Midnight (NIGHT) airdrop will reopen at 17:30 (UTC+8). Users holding at least 230 Alpha points can claim 600 NIGHT tokens on the event page.
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[Binance Alpha: Midnight (NIGHT) Airdrop to Reopen at 17:30] Binance Alpha announces that the Midnight (NIGHT) airdrop will reopen at 17:30 (UTC+8). Users holding at least 230 Alpha points can claim 600 NIGHT tokens on the event page.
[Bitwise CIO Predicts Crypto Market to Grow 10 to 20 Times in the Next Decade] Bitwise Chief Investment Officer Matt Hougan stated that with the growing adoption of Bitcoin, stablecoins, and asset tokenization, the crypto market is expected to grow 10 to 20 times over the next decade. He cited the perspective of SEC Chairman Paul Atkins, who suggested that the entire U.S. stock market could be brought on-chain within a few years. Currently, the total value of the U.S. stock market is approximately $68 trillion, while on-chain stocks are only about $670 million. Hougan emphasized not betting on a single blockchain and instead prefers holding crypto market index funds to mitigate risks.
[Former Fed Vice Chair Brainard: Hawkish Rate Cut Likely if Attending Meeting] Former Federal Reserve Vice Chair Brainard stated that if she were to attend the upcoming FOMC meeting, she might opt for a hawkish rate cut. Brainard noted that in the absence of official data, she would refer to non-governmental data such as ADP and RevelioLabs, which indicate a reduction in employment. Considering the Fed's aim to avoid an economic downward spiral leading to more layoffs, Brainard leans toward cutting rates once more, then maintaining them, while committing to bringing inflation down to 2% within the next two years.
[EU Plans to Launch Capital Market Reforms in 2027, Crypto Companies to Fall Under ESMA Jurisdiction] Maria Luís Albuquerque, EU Commissioner for Financial Services, stated on Tuesday that the EU aims to implement a comprehensive capital market integration reform package by 2027. The European Commission plans to grant the European Securities and Markets Authority (ESMA) greater supervisory and enforcement powers, bringing clearinghouses, trading platforms, and cryptocurrency companies under ESMA's jurisdiction. The proposal still requires approval, with some member states expressing opposition. The EU has also pledged to review banking regulatory rules by the end of next year.
[BTC Balance on Trading Platforms Drops to 2.936 Million, Setting a New Low for This Cycle] On-chain data analyst Murphy stated that the BTC balance on trading platforms has dropped to just 2.936 million, marking a new low for this cycle. The last time this level was reached was on December 17, 2022. The BTC balance on the Binance platform has been steadily declining recently. Whale groups with holdings valued at over $1 million and $10 million primarily withdraw BTC to on-chain wallets, while retail investors with holdings under $100,000 tend to deposit BTC onto trading platforms. Analysts believe the rebound following BTC's drop from $80,000 is not yet over.
[Bank of Japan Governor Kazuo Ueda Says Policy Will Be Adjusted If Inflation Accelerates Rapidly] Bank of Japan Governor Kazuo Ueda stated that if inflation accelerates rapidly, the central bank will consider adjusting its policy.