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Flash
- 05:41Santiment: Stablecoin yields decline, Ethereum may soon return to the $3,200 levelJinse Finance reported that the cryptocurrency sentiment analysis platform Santiment stated that the price of Ethereum (ETH) may rise by nearly 7% in the short term. The basis for this is that current stablecoin yields are at low levels, indicating that the cryptocurrency market has not yet entered an overheated state. In a report released on Saturday, Santiment pointed out: "Currently, stablecoin yields are relatively low, around 4%. This phenomenon suggests that the market has not yet reached a major top and there is still room for further growth." The platform also predicted that Ethereum may soon test the $3,200 resistance level. According to CoinMarketCap data, at the time of this publication, the price of Ethereum was $2,991; if it reaches $3,200, it would represent an increase of about 6.7%.
- 05:20Data: Ethereum staking rate reaches 28.65%, Lido market share at 24.12%According to Jinse Finance, data from Dune Analytics shows that the total amount of ETH staked on the Ethereum Beacon Chain has reached 35,566,661 ETH, accounting for 28.65% of the total ETH supply. Among them, the share of the liquid staking protocol Lido is 24.12%. In addition, since the Shanghai upgrade, there has been a net inflow of 17,400,671 ETH.
- 04:58CITIC Securities: The Fed's rate-cutting cycle is expected to continue, injecting new momentum into gold price increasesJinse Finance reported that China Securities Construction Investment Corporation released a research report stating that marginal demand has become a stronger explanatory factor for gold pricing. Returning to the traditional supply and demand logic, since gold supply is relatively stable, with annual production basically maintained at around 3,600 tons, the real pricing variable for gold lies in demand, especially marginal demand. Gold demand mainly consists of three parts: private sector consumption demand, private sector investment demand, and official gold purchase demand. In the past, the marginal demand for gold was mainly contributed by European and American ETF demand (private sector investment demand in Europe and the US, mainly from overseas institutional investors), and their demand or investment framework mainly depends on the real yield of US Treasury bonds. Private sector investment demand (such as ETF demand) in Europe and the US still shows a strong correlation with the real yield of US Treasury bonds. As US inflation falls and the resilience of the labor market declines, expectations for a Federal Reserve rate cut in the second half of the year are heating up. The start of rate cuts, which will drive down both nominal and real interest rates, will inject new momentum into gold's rise. (Golden Ten Data)