📌 Daily Summary
● LIVE TRACKINGNansen has launched a new investment product impacting seven altcoins, including market leaders Bitcoin and Ethereum, signaling increased institutional interest in alternative cryptocurrencies. In a surprising move, Coinbase announced the listing of an additional altcoin, which is likely to enhance trading activity and liquidity in the market. Meanwhile, former President Donald Trump raised eyebrows by discussing a secretive deal involving altcoins and a firm managing $1 trillion, further intertwining politics with crypto. As the cryptocurrency space navigates its volatility, Bitwise’s Chief Investment Officer has addressed the market’s current condition, questioning whether it is experiencing a mere correction or entering a prolonged crypto winter. Additionally, speculation surrounds the Federal Reserve's potential shift towards aggressive interest rate cuts should Kevin Warsh assume the chairmanship, as analysts predict significant ramifications for asset classes, including digital currencies. New developments from Russia regarding XRP and two other altcoins add another layer of complexity to the evolving landscape.
14:52
Nansen stated that the NX8 Index will include Bitcoin, Ethereum, Solana (SOL), BNB, Tron (TRX), Hyperliquid (HYPE), Avalanche (AVAX), and Sui.
14:18
Coinbase, the largest Bitcoin and cryptocurrency exchange in the US, announced that it will list the altcoin Tria (TRIA) on the spot market.
13:51
Donald Trump said he was unaware of the $500 million deal between Abu Dhabi and the cryptocurrency project WLFI.
13:21
Bitwise CIO Matt Hougan said that the declines in Bitcoin and cryptocurrencies are not a correction but a severe crypto winter.
12:53
Economist Robin Brooks claims that Trump's nominee for Fed Chairman, Kevin Warsh, will cut interest rates by 100 basis points. Will Bitcoin rise?
