Robinhood's on chain Meme project fable market value exceeds $3.18 million

Analyst Willy Woo stated that the market value of gold is approximately $32 trillion, and if it were to assume the role of a global currency anchor, its reasonable value would be around $103 trillion. Willy Woo believes that Bitcoin is striving to become a global hard currency, and according to this logic, the price of Bitcoin corresponds to approximately $5 million per coin. Willy Woo also pointed out that the global fiat currency system has only been in operation for about 55 years, which is more like an experiment compared to the thousands of years of hard currency history.

According to a report by Jinzo, Japanese Prime Minister Hayao Takashi stated that economic and fiscal operations should make appropriate judgments in a timely manner based on the assessment of various economic conditions, including interest rate movements; She emphasized the need to address necessary fiscal demands, achieve a balance between strong economy and fiscal sustainability, and promote budget formulation reform in accordance with the Basic Principles for Economic and Fiscal Operations and Reform.

BTC drifted lower after last week's rally to $81,428, while ARB led DeFi gains as Robinhood Chain's daily fees topped $2 million.

Strategy purchased 4603 BTC after a two month hiatus at a cost of $369.7 million, increasing its total holdings to 845050 BTC worth $65.9 billion. （CoinDesk）

The market has increased its bets on the Bank of England raising interest rates, with an expected 50 basis points hike by February next year.