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Despite a 10% price increase in October, Shiba Inu (SHIB) shows signs of potential correction as bearish trends emerge.
Ripple XRP’s trading volume rose significantly, and transaction costs on the network dropped as the firm saw a notable uptick in microtransactions.
Both U.S. presidential candidates recognize cryptocurrency’s importance, courting crypto voters with policies favoring digital asset freedom. Bitwise CIO Matt Hougan views elections as beneficial regardless of winner, highlighting cryptocurrency’s growing regulatory framework.
This week, Dogecoin rallied 20% amid strong demand, while Goatseus Maximus and Moo Deng faced sharp declines due to bearish trends.
- 18:35EU Reportedly Will Accept Trump’s Broad Tariffs but Seeks Key ExemptionsAccording to sources cited by Jinse Finance, the European Union is willing to accept a trade agreement reached with the United States, which includes a general 10% tariff on many EU export products. However, the EU hopes the US will commit to lower tariffs for key industries such as pharmaceuticals, alcohol, semiconductors, and commercial aircraft. The EU is also pushing for the US to set quotas and exemptions to effectively reduce the 25% tariff on automobiles and auto parts, as well as the 50% tariff on steel and aluminum. Sources indicate that EU trade chief Maros Sefcovic will lead a delegation to Washington this week to advance the negotiations. The European Commission also wants to ensure that both the current sectoral tariffs imposed by the US (such as those on cars and metals) and any future tariffs planned by the US are addressed.
- 17:26US 10-Year Treasury Yield Hits Lowest Level Since Early JuneAccording to Jinse Finance, the yield on the US 10-year Treasury note has fallen to its lowest level since early June, dropping by 4.3 basis points to 4.241%.
- 17:04Goldman Sachs Moves Fed Rate Cut Forecast Up from December to SeptemberOdaily Planet Daily News According to market sources: Goldman Sachs has moved up its forecast for the Federal Reserve's interest rate cut from December to September. (Jin10)