Ride-Hailing Giant Grab Partners with StraitsX to Explore Building a Web3 Wallet and Stablecoin-Based Settlement Layer

On November 18th, as monitored by Farside Investors, yesterday the US Bitcoin spot ETF experienced a net outflow of $220.1 million, indicating the fourth consecutive day of net outflows. Yesterday, the BlackRock IBIT witnessed a net outflow of $145.6 million, and ARKB saw a net outflow of $29.7 million.

November 18th: The Federal Reserve Governor Christopher Waller publicly expressed his support for another 25 basis point rate cut during the December meeting. The reasoning centers around the continuous weakness in the labor market and concerns regarding the pressure on mid- to low-tier consumers. Waller referred to this as a "risk management rate cut," believing that in a situation where official data is limited, it is better to provide insurance in advance to prevent a rapid deterioration in employment. Meanwhile, the hawkish voices within the Federal Reserve have not weakened, and a divided vote count creates uncertainty for the next decision. Whether to maintain the interest rate or cut it again could lead to at least three dissenting votes. Policy expectations are no longer unidirectional, and the market needs to hedge between "the possibility of a rate cut" and "an increasing policy divergence." In this policy haze, the crypto market has shown significant pressure. The fear inde

On November 18th, according to the monitoring of Farside Investors, yesterday in the US, the Ethereum spot ETF witnessed a net outflow of $182.7 million, indicating 5 consecutive days of net outflows. Yesterday, the Bitwise ETHA experienced a net outflow of $193 million, while Grayscale ETH had a net inflow of $10.8 million.

On November 18th, according to Arkham Data, it was reported that 6 minutes ago, the Mt. Gox cold wallet address in Mentougou transferred 10,608 BTC to an address starting with "1ANkDML", with a value of 9.5366 billion US dollars.

On November 18th, Cameron Winklevoss, a co-founder of Gemini, posted, saying, "This is your ultimate opportunity to purchase Bitcoin at a price lower than $90,000."

November 18th. The New York Times put out an article named "The $280 Billion 'Dirty Money' in the Cryptocurrency Industry." It was stated that during the past two years, at least $280 billion of funds directly associated with illegal activities have flowed into major cryptocurrency exchanges. This money originated from hackers, thieves, and ransomware extortionists and could be traced back to North Korean cybercriminals as well as fraudsters from Minnesota in the US and Myanmar. Among them, the world's largest exchange Binance is one of the main recipients of "dirty money." In May this year, it reached a $2 billion business deal with the Trump family's cryptocurrency company. At least 8 other well-known exchanges have also received these funds, including the rapidly growing OKX in the US. The New York Times declared that its key findings are as follows: Although Binance pleaded guilty in 2023, it still received more than $400 million in deposits from Cambodia's Huione Group, which th