Eddie Lobanovskiy, the creative genius behind the original XRP logo, is back with a fresh design, the XRP $ARMY logo.
Shibarium just reached another milestone
Shiba Inu’s layer-2 solution is hitting 600 million transaction volume record and a total value locked of $6 million. Now everyone asks what this means for the future of SHIB.
Core factors affecting the trend of BTC and ETH this week
- Interest Rate Meeting: The results of the final U.S. interest rate meeting for the year will be announced next Wednesday. According to current CME data, there is a 96% probability that the U.S. Federal Reserve will cut interest rates by 25 bps, lowering the federal base rate to 4.25%-4.5%. An interest rate cut would benefit risk markets, including cryptocurrencies, but until the results are released, the market may display risk-averse behavior. Monitoring overall leverage positioning is crucial to avoid extreme liquidation events.
- Holiday Impact: As Christmas approaches, capital market activity, including cryptocurrency markets, is likely to decrease. Reduced trading volumes and lower fund circulation efficiency may lead to localized liquidity shortages.
- BTC and ETH Inflows and Outflows: It is essential to monitor whether net inflows for BTC and ETH ETFs persist. A temporary decrease in inflows is expected during the first few trading days this week, though the broader trend remains positive.
Overall, the projected price ranges for BTC and ETH this week are $96,000–$115,000 and $3,600–$4,200, respectively. Stablecoins continue to show net inflows and maintain abundant liquidity.
Altcoins, which experienced significant price fluctuations last week, are expected to see a rebound this week.
Ryan Lee, Chief Analyst at Bitget Research
D.O.G.E is in trouble? This is not how the state works?
Anthony Scaramucci, the former White House Communications Director shared his skepticism about Elon Musk and Vivek Ramaswamy’s ambitious plan to cut government spending by $2 trillion annually.
Kraken was fined in Australia
Kraken’s Australian branch, Bit Trade, has found itself in hot water after being slapped with $5.1 million fine for breaching financial laws.
