Author: 行政

A Federal Reserve Bank of Philadelphia working paper published this month found that public notifications of large crypto transfers were followed by sharply different trading activity on Bitcoin and Ethereum.Non-whale Bitcoin wallets became active and traded in the alerted whale’s direction most strongly during the first 15 minutes. Ethereum participation, by contrast, remained comparatively stable.The Philadelphia Fed working paper matched public Whale Alert notification times with on-chain Bitcoin, Ethereum and Wrapped Bitcoin transfers through the end of 2025.Wrapped Bitcoin, or WBTC, was observed on Ethereum. The authors defined a whale wallet as one that had made at least one transfer…

Nesa’s NES token returned to trading on Binance Alpha and regained Ethereum funding on Kraken on Sept. 10 after venue-specific interruptions tied to an Aug. 24 token-contract security incident.The restorations are not a network-wide relaunch or a single recovery plan. Binance Alpha is using two snapshots to separate eligible 1:1 swaps from refunds on its platform. Kraken said NES covered by its funding incident would migrate 1:1 to a new Ethereum contract, while BNB-chain funding would remain disabled.That distinction matters beyond the two exchanges: neither notice gives a universal migration process for NES held in a private wallet. Related ReadingChain…

Circle is offering $400 million in stock for Tazapay because a stablecoin can cross a blockchain in seconds and still fail as a payment if the recipient cannot receive usable local money.The proposed acquisition, announced Sept. 8, would bring a cross-border payments operator inside the company that issues USDC. Circle said Tazapay connects to more than 60 banking and fintech partners and supports payout rails across more than 100 markets. Those links supply the local licensing, banking access, currency conversion and fiat delivery that an onchain transfer cannot complete by itself.Circle’s announcement did not state a price, but its Form…

The U.S. Treasury bought $5.187 billion of long-dated government bonds on Sept. 10, completing the first operation under its expanded program as Bitcoin investors watched for evidence of easier liquidity.The immediate cross-market readout moved the other way. Treasury’s daily nominal yield curve showed the 10-year yield rising 12 basis points from 4.83% to 4.95%. Its real yield curve, which adjusts the return for expected inflation, showed the 10-year real yield climbing 9 basis points from 2.46% to 2.55%.Higher real yields raise the return hurdle for a non-yielding asset such as Bitcoin. At the same time, U.S. spot Bitcoin ETFs posted…

Nasdaq has agreed to invest $100 million in Payward, the parent company of Kraken, while Payward plans to adopt Nasdaq market-surveillance technology across its trading businesses. The two moves add capital and market-integrity infrastructure to an existing partnership focused on tokenized equities.The proposed investment, made through Nasdaq Ventures, gives the relationship a new financial dimension. Nasdaq and Payward also said they will continue developing the operational and commercial systems for planned Nasdaq Equity Tokens, or NETs.According to the companies’ announcement, Payward will deploy Nasdaq surveillance tools across a portfolio of trading venues that includes crypto, equities, tokenized equities, futures and…

US consumer prices increased faster in August, giving the Federal Reserve another reason to be cautious about lowering interest rates and leaving Bitcoin investors exposed to a prolonged period of expensive borrowing.The Consumer Price Index (CPI) rose 0.4% from July, when it increased 0.1%, while the annual inflation rate held at 3.4%. Excluding food and energy, prices rose 0.3%, compared with 0.2% a month earlier, even as the annual core rate eased to 2.4% from 2.5%.Thursday’s producer price report (PPI) showed a 0.4% monthly increase and a 5.4% annual gain. Energy accounted for much of the increase in both reports,…

Circle is pulling its USD Coin (USDC) stablecoin from Noble, forcing Cosmos to migrate its main digital dollar rail to Injective before January.The wind-down puts roughly $92 million of USDC on a deadline and requires exchanges, decentralized-finance protocols, and more than 50 Cosmos-linked chains to shift liquidity and integrations away from Noble, the appchain that had served as the ecosystem’s canonical issuance point for Circle’s stablecoin.Noble holds about $102.2 million in stablecoins, DeFiLlama data show, with USDC accounting for more than 90% of the total. Ondo US Dollar Yield, at nearly $8 million, is the next-largest stablecoin on the network.Circle…

The United States Mint has unveiled images and new details for a 2026-W Proof President Donald J. Trump Gold Coin, a $250 Semiquincentennial collector issue scheduled for release Nov. 5. US Mint images of the obverse and reverse of the 1776 ~ 2026 $250 Proof President Donald J Trump Gold Coin Struck in one troy ounce of 24-karat, .9999 fine gold, the coin carries the 1776 ~ 2026 dual date and features 250 on the shield of the Presidential Seal reverse to mark the nation’s Semiquincentennial. Produced at the West Point Mint, it bears a W mint mark. The gold…

Bitcoin trades nonstop, but a decade of data shows its volatility increasingly follows Wall Street’s clock.A recent study found that the nine hours from 13:00 to 21:59 UTC accounted for 50.6% of Bitcoin’s daily realized variance between 2022 and 2025, up from 38.4% in 2016-2018. Those hours represent just 37.5% of a full day, suggesting price discovery has become increasingly concentrated while Bitcoin itself continues trading around the clock.The research, based on 87,672 hourly observations from Kraken’s XBT/USD market between 2016 and 2025, found the shift extends beyond higher activity during American business hours. Bitcoin’s volatility peak now moves when…

BitMine Immersion Technologies has amassed a staked ETH position equivalent to almost 12% of Ethereum’s active stake, without disclosing who controls the validators behind it.The company reported 5.07 million ETH staked as of Sept. 7, representing about 85% of its 5.93 million ETH holdings and worth roughly $12.6 billion at prices used in its latest filing. Using the roughly 43.03 million ETH actively securing Ethereum as of press time, BitMine’s position was equivalent to about 11.8% of the network’s active stake.That establishes the scale of BitMine’s economic exposure. Measuring its influence over Ethereum’s consensus requires another set of information: how…