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Memecoins have been gaining traction in the current market cycle, consistently drawing attention and capital. Established projects are now backing Pump.fun, a token launch platform, leveraging their brand and community resources to issue memecoins, engaging new users, and unlocking fresh capital for business growth. Fueled by the memecoin buzz, ApeChain's APE token surged by over 100% in a single day, reaching a three-month high. Additionally, Yuga Labs' NFT collections have seen a long-awaited recovery. Recently, major platforms and wallets have also begun actively supporting ApeChain. As a leading team from the NFT era, ApeChain shows strong development potential.
- 02:19JPMorgan Chase: The Federal Reserve is expected to end tapering in Q1 2025 rather than before the end of 2024Strategists including Teresa Ho at JPMorgan Chase predict that, given the liquidity situation has returned to normal after the end of October, the Federal Reserve will end quantitative tightening (QT, i.e., reducing balance sheet) in the first quarter of 2025. This was previously expected to be completed before the end of 2024. Both U.S. Treasury bills and repo supplies have increased, and money market funds are seeking to expand into longer terms under weakened easing expectations, both withdrawing more funds from the Fed's overnight reverse repurchase tool.
- 02:07Arthur Hayes is suspected to have purchased 1071.7 ETH through Wintermute within the last 13 hoursAccording to on-chain analyst Yu Jing's monitoring, BitMEX founder Arthur Hayes is suspected of purchasing ETH through Wintermute: he has received 1,071.7 ETH (3.31 million USD) from Wintermute in the past 13 hours. Note: Arthur's transactions are often conducted through Wintermute.
- 02:02Tether has issued a total of 4 billion USDT in the past three daysData shows that in the past 3 days, Tether has issued a total of 4 billion USDT.