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Quick Take Ethena is launching a new stablecoin backed by BlackRock’s BUIDL fun. The token, USDtb, is part of the project’s effort to diversify its offerings.
Quick Take MicroStrategy has purchased another 15,350 BTC for approximately $1.5 billion at an average price of $100,386 per bitcoin. The latest acquisitions follow MicroStrategy’s sale of 3,884,712 shares for a similar amount.
Quick Take Analysts anticipate a 25 basis-point rate cut from the U.S. Federal Reserve at Wednesday’s FOMC meeting. While lower rates typically boost risk assets like bitcoin, the Fed’s accompanying commentary and economic projections at Wednesday’s meeting may temper expectations for further cuts amid persistent inflation concerns, analysts said.
Quick Take Ripple set Tuesday, Dec. 17, as the launch date for its RLUSD stablecoin. The company will enlist an independent auditing firm to create attestations of RLUSD reserve assets and then publish them monthly.
Quick Take Hyperliquid has seen $1 billion net inflows of USDC into its network since the launch of its native token Hype. The price of Hype surged more than 590% since its launch. Hyperliquid also announced Monday that it has reached a new all-time high in open interest of above $4.3 billion.
- 17:42PEOPLE price reaches $0.04275 per coin, up 3.09% during the dayDAO today's price quote, PEOPLE latest price breakout to $0.04275, up 3.09%, trading volume $8066.32 million Based on the analysis of the k-chart, it is now in an oscillating trend. It rose sharply from 15:00, recovered from 13:00, and fell from 09:00. A rise in price but a fall in volume usually means that the upward momentum of the market is weakening and the number of buyers is decreasing. This volume-price divergence may be due to a lack of selling. In this case, prices may retrace or move sideways in the future. Due to the lack of trading volume support, the price rise may be unsustainable and investors should be alert to the risk of a price pullback at higher levels. It is advisable to keep an eye on whether the trading volume can keep up with the price rise and whether there is new buying intervention. Low market heat and reduced trading volume. The Williams indicator points out that there is no overbought or oversold condition. The volume of trading has decreased recently, the volume of trading is lower than in the previous hours, the price is rising and the volume of trading is decreasing: the upward momentum is weakening. Rising momentum is weakening, it is recommended to operate cautiously, pay attention to the changes in volume and price, and avoid entering blindly. The above content is for reference only and does not constitute investment advice.
- 17:40OP price reached $1.827 per coin, up 3.69 per cent during the dayOptimism today's market news, OP latest price: $1.827, up 1.556% in 24 hours, trading volume $346 million As you can see from the k-chart, it is now in an oscillating trend. It is down sharply from 14:00, penetrating the 13:00 low, and down from 09:00. A simultaneous decline in price and volume usually indicates a decline in market activity, with both buyers and sellers inactive. The market may be in a wait-and-see mode, waiting for new drivers to emerge. In this case, prices may continue to be low or move sideways in the future until new market news or events emerge. Investors should pay close attention to changes in the market and events that may trigger volatility in the market. Trading volume decreases and price and volume fall in tandem. According to the Williams Indicator, it is now classified as not overbought and oversold. The volume of trading has decreased recently, the number of trades is lower than in the previous hours, the price and the volume of trades are falling at the same time: the market is cold and trading is not active. The rise was unexpected and may be driven by new factors. It is recommended to remain on the sidelines and wait for market clarity. The above is for reference only and does not constitute investment advice.
- 17:39CRV price reaches $0.8822 per coin, up 3.05% on the dayLatest price news from Curve, CRV real time price up 3.05% to $0.8822 with $531 million traded Based on the k-chart analysis, it is now in an uptrend. It is down sharply from 13:00, up from 06:00 and down from 12:00. Lower prices but higher volume usually means that the market is under increased selling pressure and sellers are selling aggressively. This could be due to the market becoming pessimistic in its expectations of future prices or panic selling triggered by negative news. Prices may continue to fall in the future as selling pressure is high and market sentiment is pessimistic. Investors should be wary of prices breaking below key support levels, which, if lost, could trigger a sharper decline. The market is active, but selling pressure is increasing. According to the Williams indicator, the current market is not overbought or oversold. The volume of trading has increased recently, the trading volume is higher than in the previous hours, the price is falling and the trading volume is rising: the selling pressure is increasing. Rising or short-term fluctuations, it is recommended to be cautious and wait and see, pay attention to support levels and consider setting a stop loss. The above is for reference only and does not constitute investment advice.