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Binance Alpha will launch MetaArena (TIMI) on November 9th

3 hours ago

On November 8th, Binance Alpha will list MetaArena (TIMI) on November 9th. Once trading commences, eligible users will be able to claim an airdrop by using Binance Alpha points on the Alpha event page. Further details will be announced at a later time.
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ZEC drops over 23% in 24 hours, currently trading at $534.29

On November 8th, according to HTX market data, the price of ZEC dropped by more than 23% within 24 hours and is currently trading at $534.29.

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An address is holding 31,765,779 USDT has been frozen

On November 8th, as per the monitoring of Whale Alert, the 31,765,779 USDT held by a particular address was frozen.

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Michael Saylor Pump: Buy Bitcoin Now

On November 8th, the founder of Strategy, Michael Saylor, posted on social media and advised, "Buy Bitcoin right away."

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Ethereum's 30-day Net Supply Change has increased by 74,298 ETH

On November 8th, based on data from Ultrasound.money, the net supply of Ethereum over the past 30 days increased by 74,298 ETH. The supply increased by approximately 84,069 ETH, and 9,770 ETH was burned through the burning mechanism. The total Ethereum supply has now reached 121,195,469 ETH, with a current supply growth rate of 0.747% per year.

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Federal Reserve's Williams: Bond Purchases Expected to Start Soon

On Friday, November 8th, Federal Reserve's Williams stated that the Fed's decision from last week to halt the reduction of its bond holdings might soon require the implementation of bond purchases to expand its balance sheet. Williams said, "The subsequent step in the balance sheet strategy will be to evaluate when the level of reserves transitions from its current state of being slightly above ample to being ample." He further added that once this occurs, "it will be the appropriate time to initiate a gradual process of asset purchases." Williams also indicated, "Given the recent persistent pressures in the repo market and other indications that reserves are shifting from being ample to being slightly above ample, I anticipate that we will soon reach an ample level of reserves." Some analysts expect the Fed to commence expanding its asset size through bond purchases in the first quarter of the next year. Williams cautioned that it is difficult to precisely determine the specific timi

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Pakistan Considering Issuing a Rupee-Backed Stablecoin

November 8th. According to Cointelegraph, Faisal Mazhar, who is the Deputy Director of the Payment Systems Department of the State Bank of Pakistan, stated that with the help of the World Bank and the International Monetary Fund, a prototype of a central bank digital currency is currently being developed. The plan is to carry out a pilot phase before the full-scale implementation. In addition, Zafar Masud, the Chairman of the Pakistan Banks' Association (PBA), disclosed that the country is seriously considering issuing a stablecoin backed by the Pakistan Rupee. Furthermore, there will be efforts to strengthen the regulation of digital assets. Any delay in digital asset regulation may lead to missing out on an economic development opportunity worth up to $25 billion.

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