Lookonchain APP

App Store

ECB Official Warns: Stablecoin Run Could Force ECB to Adjust Rate Path

3 hours ago

November 17th. According to FT, Olaf Sleijpen, who is the President of the Dutch Central Bank and a Member of the ECB's Executive Board, gave a warning. He said that once a stablecoin is faced with a run, it may force the European Central Bank (ECB) to adjust its interest rate path. The impact is not only limited to financial stability but may also be quickly transmitted to the European economy and inflation. Sleijpen stated that the scale of the USD stablecoin has increased by 48% and reached over $300 billion this year. After the regulatory relaxation in the United States, its expansion has accelerated. If a large number of stablecoins with US bonds as underlying assets face a run, it may lead to an asset "fire sale," causing systemic risks to the global market.
Relevant content

Michael Saylor: Bitcoin Falling Below $10,000, Strategy Holdings Will Not Be Sold

On November 17th, Michael Saylor, the founder of Strategy, stated in an interview that "Bitcoin must fall below $10,000 for Strategy to sell its holdings."

6 minutes ago

J.P. Morgan: Predicts S&P 500 Index to Reach 7800 Points by the End of 2026

On November 17th, Morgan Stanley forecasted that the target of the S&P 500 index at the end of 2026 is 7800 points; it is expected that the US Dollar Index will decline to 94 in the first half of 2026 and then rebound to 99 by the end of the year; the gold price is anticipated to reach $4500 per ounce in 2026. (FX678)

6 minutes ago

HTX DeepThink: Rate Cut Expectation Cools Off as Liquidity Tightening Suppresses Crypto Asset Risk Appetite

November 17th. Chloe, who is a columnist for HTX DeepThink and a researcher at HTX Research, pointed out in her latest analysis that following the end of the U.S. government shutdown, a large number of delayed economic data will soon be released in a concentrated manner. The market is concerned that this will weaken the foundation for a rate cut in December. Several Federal Reserve voting members have also signaled a "wait-and-see" attitude, significantly cooling down rate cut expectations. Against the backdrop of rate reassessment and liquidity tightening, the risk appetite for crypto assets continues to decline. Bitcoin recently dropped to $95,885, and the overall market value has retracted by more than $1 trillion since October. HTX Research stated that high real interest rates, the near depletion of reverse repo balances, and elevated Treasury cash levels continue to create a tight liquidity environment. Option data shows that investors are increasing their defensive positions. On

6 minutes ago

A trader increased their short position on SOL to $53 million, with a floating profit of $11.5 million.

On November 17th, as monitored by Onchain Lens, a trader is continuously increasing their short position on SOL with a leverage of 20 times. Currently, their position is worth $53 million and they have a floating profit of $11.5 million. In general, the trader has already achieved a profit of more than $20 million.

6 minutes ago

Data: 95% of the total Bitcoin supply has been mined

On November 17th, based on the monitoring data of Bitcoin Magazine, among the total 21 million Bitcoins, 19,949,776.16 Bitcoins have already been mined. This means that only 5% of the remaining Bitcoins are available for mining.

6 minutes ago

CZ: Binance's $4.3 Billion Fine Will Be Used for Investment in the U.S. if Refunded, No Application Filed Yet

On November 17th, the founder of Binance responded on social media to the question of whether the $4.3 billion fine in the Binance case would be refunded. He said, "This is a rather sensitive issue. I'm already extremely grateful to have been exempted. Now it's a matter of finding a balance between 'asking for more' and 'what is fair' and 'cherishing what has been obtained.' " "If Binance is able to obtain any refunds, we will also reinvest this money back in the United States as a sign of our gratitude. I don't think Binance has officially made a request yet." Previously reported, in November 2023, Binance announced a resolution with U.S. regulatory agencies regarding historical registration, compliance, and sanctions issues. Binance will pay an $18 billion fine and agree to pay within 15 months after the judgment. An additional $25 billion in funds will be forfeited. Part of this is related to transactions with U.S. users and part is related to transactions involving Iran and will

6 minutes ago