Key events in the crypto world in the past 24 hours! A quick 1-minute overview of overnight market movements | December 29th
TL;DR
Crypto markets fluctuate with low liquidity; silver hits ATH, BTC drops. Fed minutes and Trump's potential Fed chair nomination in focus. Privacy sector heats up, stablecoin supply rises without price impact.
Tags
1⃣ #BTC, #ETH, and #SOL continue to fluctuate. Note that trading volume and liquidity are unlikely to be high this week. 25 years are almost over~
2⃣ Precious metals continue their surge, with silver hitting a new all-time high of 83 USDT, briefly ranking second in global asset value, while BTC fell to eighth.
3⃣ This week's macroeconomic outlook: The Federal Reserve will release the minutes of its monetary policy meeting (Wednesday), and the final reading of the US December S&P Global Manufacturing PMI will be released (Friday).
4⃣Focus! Trump may nominate a new Federal Reserve chairman in the first week of January. On Polymarket, Hassett is up 42%, Warsh is up 33%, and Warsh is rising.
5⃣This week's unlock data overview: #HYPE (29th, 256 million U), #ZORA (30th, 6.7 million U), #SUI (January 1st, 63.4 million U), #EIGEN (January 1st, 14.4 million U).
6⃣ ZEC strongly broke through 532U, rising over 77% from its low. The privacy sector is heating up again~
7⃣ #Lighter's large-scale anti-Crystal movement has sparked discontent among professional profiteers, with some KOLs claiming they were profited from in the process and suffered huge losses. #LIT is priced at $3.6 billion pre-market. A whale sold 100,000 HYPE tokens to long 500,000 LIT tokens.
8⃣ Why is the total on-chain stablecoin supply constantly reaching new highs, yet the price hasn't increased? Some argue that these stablecoins are participating in revolving loans to earn interest. Result: The indicator of price fluctuations using the total stablecoin supply has become ineffective.
9⃣ Flow's rollback of its blockchain has sparked controversy, with ecosystem partners claiming a lack of coordination. Flow experienced a brief plunge of over 50%, followed by a short-term rebound and then another drop. Exercise caution when participating in transactions involving information asymmetry!