News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Share link:In this post: According to John Williams, president of the Federal Reserve Bank of New York, the U.S. economy is performing well, and there’s no immediate need for interest rate cuts. Recent inflation data are encouraging, and Williams expects price pressures to continue easing, with a disinflationary process continuing this year and next. Fed officials have lowered their expectations for rate cuts this year, projecting only one decrease and maintaining the benchmark rate at a two-decade high.Di
Bitcoin has fallen through a key price support that could signal an 8%-12% correction, potentially leading the price to decline towards $60,000, CryptoQuant analysts said.Traders closing their basis arbitrage trades have led to a significant decline in futures market activity and increased downside pressure for bitcoin, an analyst added.
- 04:22Overview of Important Developments on March 10th Noon1. The market expects the Federal Reserve to resume interest rate cuts as early as June; 2. The Utah Senate passed a Bitcoin bill but removed the Bitcoin reserve clause; 3. Bitmain announced the completion of testing for the latest SEAL03 Bitcoin mining chip; 4. The WLFI portfolio has currently lost $110 million, with ETH accounting for 65% of the entire portfolio; 5. The yield on the 10-year U.S. Treasury fell 6 basis points to 4.257%; 6. Arthur Hayes: Bitcoin will test the $78,000 support, and if it breaks, the next test point is $75,000.
- 04:17A certain address deposited 1.14 million USDC into Hyperliquid, using a 20x leverage to go long on BitcoinAccording to Lookonchain monitoring, during the Bitcoin price drop, some whales chose to buy against the trend and go long on BTC. The address 0x9b28...7cA1 deposited 1.14 million USDC into Hyperliquid to leverage Bitcoin by 20 times. Meanwhile, another address 0x8Bff...CDC3 invested $4 million and set up 100 limit orders to go long on Bitcoin in the price range of $76,000 to $79,000.
- 03:51Andre Cronje has created a new project, Flyingtulip, positioned as a high-leverage contract trading protocolNews on March 10th, Sonic (formerly Fantom) co-founder Andre Cronje (AC) has added the tag "flyingtulip founder" to his personal X profile. According to the official website of the project, flyingtulip is positioned as a new generation of intelligent trading protocol that can support more than 50 times leverage trading. The protocol uses adaptive curve technology, which can automatically adjust between constant product and constant sum curves according to real-time market volatility, providing traders with better execution prices while bringing optimal returns for liquidity providers.