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The stablecoin sub-sector is moving from concept to reality, shifting from speculation to practical application.
Stablecoins are absorbing liquidity in the style of “narrow banks,” quietly reshaping the global financial architecture.
This time, there are more super political action committees, and some of them have taken a clearer stance in aligning themselves with Republican candidates.
The Federal Reserve has cut interest rates by another 25 basis points and announced that balance sheet reduction will end on December 1. Two committee members voted against the decision: one supported no rate cut, while the other supported a 50 basis point cut.
Quick Take Summary is AI generated, newsroom reviewed. Bitwise clients bought $69.5 million in Solana, signaling strong institutional confidence. Solana institutional demand continues to rise amid increasing DeFi and Web3 adoption. The Bitwise Solana investment strengthens the firm’s role in institutional crypto expansion. Growing Solana price momentum suggests sustained investor interest and market optimism.References JUST IN: Bitwise clients buy $69.5 million worth of $SOL.
- 20:32$347 million liquidated across the entire network in the past 4 hoursAccording to Jinse Finance, citing Coinglass data, the total liquidation amount in the cryptocurrency market over the past 4 hours reached $347 million, with long positions liquidated for $283 million and short positions liquidated for $64.73 million.
- 20:04Data: TREE drops over 16% in 24 hours, YB rises over 10%According to ChainCatcher, spot market data from a certain exchange shows significant market volatility. TREE has dropped 16.4% in the past 24 hours, and RUNE has fallen 7.5% in the past 24 hours, both experiencing a "surge and pullback" pattern. Meanwhile, YB reached its 24-hour high with a 10.89% increase, while ARKM, JOE, and CELO also hit their 24-hour highs, with gains of 5.12%, 5.94%, and 6.42% respectively. In addition, LA and F experienced a "bottoming out and rebound" pattern, with increases of 5.2% and 5.37% respectively. KDA saw a slight rise within 5 minutes, with a gain of 3.13%.
- 20:04Mastercard is in advanced negotiations to acquire ZeroHash in a deal worth approximately $2 billion.Jinse Finance reported that Mastercard is in late-stage negotiations to acquire the cryptocurrency startup ZeroHash, with the deal valued at approximately $2 billion.