November 8, 2024 Cryptocurrency News Major Events
1. Jack Dorsey's Block company adjusts strategy: Focus on Bitcoin mining and wallet business, reduce investments in Web5 and Tidal
2. cbBTC launched on Solana
3. Two crypto-friendly Republicans win House seats, marking the potential for the most crypto-friendly Congress
4. MakerDAO resolves to retain the rebranded Sky brand, plans to launch new stablecoin and expand projects
5. Detroit will become the largest city in the U.S. to accept cryptocurrency payments
6. Federal Reserve Chairman Powell: As we approach neutral interest rates, it may be necessary to slow the pace of rate cuts
7. Pantheon Macroeconomics: The Federal Reserve is expected to further cut rates by 25 basis points in December
8. Hong Kong venture capital group The Z Label completes HKD 90 million financing, plans to empower its products using new technologies such as blockchain
9. UBS launches blockchain payment system “UBS Digital Cash”
10. Ethereum SVM L2 network Eclipse launches mainnet
11. Public chain Cytonic completes $8.3 million seed round financing
12. Nansen analyst: Trump's election victory may accelerate the listing process of the first Ethereum ETF based on staking
13. Ethereum developers launch Mekong testnet to trial next year's Pectra upgrade
14. Solana chain Wukong announces the destruction of 27% of its tokens, set to launch tonight at 21:00
15. Bank of England cuts rates by 25 basis points
16. Trump's election plans to include BTC in national strategic reserves: positive for BTC, skeptical about ETH
