Fed Meeting Minutes Preview: May Hint at End of Taper
On October 9th, the minutes of the Fed's September meeting may indicate that officials are considering whether to end the balance sheet tapering plan. The Fed has been reducing its balance sheet to unwind some of the stimulus measures implemented during the pandemic. Nevertheless, Citigroup economists note that the trend in the interest rate market shows that financing conditions have tightened, which may imply that the balance sheet is approaching the level desired by the Fed. The Citigroup team wrote, "As liquidity declines, there has been an increase in short-term rate volatility. This may lead officials to at least discuss the possibility of ultimately ending the taper." (FXStreet)
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If Bitcoin surpasses $124,000, the mainstream CEX aggregate short liquidation pressure will reach 892 million.
On October 9th, based on Coinglass data, if Bitcoin surmounts $124,000, the cumulative short liquidation intensity of mainstream CEX will reach $892 million.
Conversely, if Bitcoin drops below $121,000, the cumulative long liquidation intensity of mainstream CEX will be $829 million.
BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity.
Therefore, the liquidation chart illustrates to what extent the price of the underlying asset will be influenced when it attains a certain level. A higher "liquidation bar" indicates that the price will exhibit a stronger response due to a liquidity avalanche once it reaches that specific point.
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MetaMask has announced that it will launch a rewards program at the end of October and has confirmed token issuance.
October 9th - As per an official proclamation, the cryptocurrency wallet MetaMask has officially announced the commencement of perpetual contract trading functionality today, and it is now operational. Simultaneously, the MetaMask Rewards Program is set to launch by the end of October. MetaMask has introduced a point system and level-based rewards to incentivize on-chain trading activities. Users can earn points with each token exchange and perpetual contract trade, and they can also earn points by referring others. In the future, users will be able to earn points through MetaMask card spending and holding mUSD, thereby expanding rewards to the entire ecosystem. The reward program operates on a quarterly basis, and the rewards encompass over 30 million USD worth of LINEA tokens, perpetual contract fee discounts, point bonuses, and more.
The first season offers bonuses for exchanges on the Linea network and exchanges and bridging operations via MetaMask Mobile. Points can accumulate fo
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Musk's X Company Settles $128 Million Severance Pay Lawsuit with Former Twitter Executive
On October 9th, Musk and the X Company reached a settlement with four former Twitter executives, among whom was the former CEO Parag Agrawal. They had previously filed a lawsuit, alleging that the promised $128 million severance package was not paid after Musk acquired the social media company and dismissed them. The specific terms of the settlement agreement have not been made public. The agreement was first revealed in a document submitted last week in a San Francisco federal court. A federal judge postponed the deadline for submission and hearing of the case to October 1st to enable both parties to reach a settlement. (Kincaid)
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Coinbase will list Linea (LINEA), Noice (NOICE), and Syndicate (SYND) for trading on October 9th.
On October 9th, Coinbase will make Linea (LINEA), Noice (NOICE), and Syndicate (SYND) available for spot trading. The trading pairs of LINEA-USD, NOICE-USD, and SYND-USD will become active at 9:00 AM local time (Pacific Time) or later, depending on whether liquidity conditions are met and the trading is available in supported regions.
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CHEEMS surges over 56% in 24 hours, claiming the top spot on Binance's list of top gainers
On October 8th, based on market data, CHEEMS holds the top position on Binance's list of top gainers. It has witnessed a 24-hour price increase of 56.84%, and its market capitalization currently stands at $4.07 billion.
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