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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Friends again? A closer look FriendTech hype and post-v2 activity
Friends again? A closer look FriendTech hype and post-v2 activity

FriendTech activity started to pick up last month and it’s now more common to see tens of thousands of transactions a day. The new native token FriendTech started trading on May 2. This is an excerpt from The Block’s Data & Insights newsletter.

The Block·2024/05/10 12:37
DeTings: Is there still a chance for an Ethereum spot ETF?
DeTings: Is there still a chance for an Ethereum spot ETF?

Before the SEC reviews the key dates of the Ethereum ETF, Grayscale has chosen to proactively "withdraw."

Chaincatcher·2024/05/10 11:43
Flash
  • 05:19
    The Solana ecosystem project, Portals, will launch the PORTALS token
    The Solana ecosystem project, Portals, announced at X that it will launch its native token PORTALS.
  • 05:16
    Musk's Government Efficiency Department plans to deploy two cost reduction representatives in major government agencies
    Musk's Government Efficiency Committee (DOGE) plans to deploy two representatives to major U.S. government agencies after President Donald Trump takes office. Each agency will be equipped with two representatives from DOGE, responsible for leading cost-cutting efforts.
  • 05:15
    Former Vice Chairman of the Federal Reserve Quarles: Trump's inauguration will not affect the independence and economic mission of the Federal Reserve
    PANews reported on January 13 that former Federal Reserve Vice Chairman Randal Quarles stated in a recent forum that even if Trump was elected president and took office, the independence of the Federal Reserve, inflation control, and labor market would not be threatened. He emphasized that the independence of the Federal Reserve does not exclude the president from commenting on policies, but the resilience of its structure and officials ensures it is immune to political pressure. Quarles believes that tariff policy will not significantly affect inflation, although it may marginally prompt the Fed to cut interest rates. He predicts limited impact on labor market due to Trump's immigration policy. With US non-farm employment data for December stronger than expected, major economists have generally lowered their expectations for further rate cuts by the Fed in 2025. The market predicts only one possible rate cut this year or even postponed until October. According to Quarles, current market predictions about Fed actions are more accurate than last year.
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