Coinbase adds Lighter to its cryptocurrency roadmap

[Stanley Huang's ETH Long Position Liquidated, Accumulated Loss of $20.62 Million Since October 11] Stanley Huang (Machi Big Brother)'s ETH long position was liquidated during the early morning market downturn. Since the market crash on October 11, his principal has accumulated a loss of $20.62 million.

[NYDIG: The Benefits of Stock Tokenization Will Gradually Emerge, Not Bring Immediate Huge Gains] Greg Cipolaro, Global Head of Research at NYDIG, pointed out that stock tokenization will not immediately bring significant gains to the crypto market. However, when integrated with blockchain, the benefits of stock tokenization will gradually emerge. Cipolaro stated that the initial gains mainly come from transaction fees, and in the future, real-world assets may be integrated into DeFi. Currently, the Canton Network hosts $380 billion in tokenized assets, while $12.1 billion is deployed on Ethereum. Such assets are still classified as securities and rely on traditional financial infrastructure, but companies are leveraging blockchain to achieve advantages like instant settlement.

[Trump Favors Walsh or Hassett to Lead the Federal Reserve, Says Interest Rates Should Be No Higher Than 1% in a Year] U.S. President Trump stated on Friday that Kevin Walsh and Kevin Hassett are both excellent candidates for the position of Federal Reserve Chair. Trump confirmed that he met with Walsh on Wednesday and asked whether Walsh would guarantee support for rate cuts if selected. Walsh expressed the belief that rate cuts are necessary. Trump believes that the next Federal Reserve Chair should consult him when setting interest rate policies and that interest rates should be no higher than 1% in a year.

["$230 Million Long Whale" Increases Position to $666 Million, Unrealized Loss of $17.1 Million] Following the early morning drop, the "$230 Million Long Whale" currently has an unrealized loss of $17.1 million. After the decline, the whale added 24,000 ETH long positions, bringing the total position to $666 million. Currently, all three long positions are in unrealized loss: - 175,000 ETH ($542 million) at an entry price of $3,173, unrealized loss of $14.6 million; - 1,000 BTC ($90.28 million) at an entry price of $91,506, unrealized loss of $1.22 million; - 250,000 SOL ($33.1 million) at an entry price of $137.5, unrealized loss of $1.27 million.

1. Five cryptocurrency companies receive approval for US banking license 2. Federal Reserve's Gulsby: Long term consideration of interest rate cuts is not impossible 3. The price of gold has broken through $4350, reaching a historic high. 4. The People's Bank of China will flexibly use tools such as reserve requirement ratio cuts and interest rate cuts to support economic growth. 5. The European Union plans to transfer regulatory authority over cryptocurrencies to the European Securities and Markets Authority. 6. USDC Treasury mints 85 million USDC on Solana Chain. 7. BitGo has obtained regulatory approval to operate banking business. 8. UAE fuel retailers will accept stablecoin payments at 980 sites. The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/506298