BTC $83,414.83 -1.60%
ETH $2,684.97 -0.27%
BNB $763.43 -2.51%
XRP $1.50 -1.70%
SOL $118.73 -2.99%
TRX $0.3355 +0.57%
DOGE $0.0941 -3.62%
ADA $0.2479 -3.64%
BCH $309.54 -7.03%
LINK $15.59 +10.22%
HYPE $86.87 -5.09%
AAVE $149.33 -3.84%
SUI $1.14 -10.13%
XLM $0.2316 +6.59%
ZEC $1,483.39 -6.59%
AAPL $338.28 -0.48%
AMZN $246.44 -1.15%
GOOGL $342.51 -0.27%
MSFT $509.26 -1.23%
META $717.27 -3.68%
NVDA $229.05 +1.66%
TSLA $357.85 -4.04%
SNDK $1,714.23 -2.90%
INTC $115.84 -6.23%
SPCX $146.04 -2.54%
MU $1,055.60 -2.62%
AMD $609.03 -4.05%
BTC $83,414.83 -1.60%
ETH $2,684.97 -0.27%
BNB $763.43 -2.51%
XRP $1.50 -1.70%
SOL $118.73 -2.99%
TRX $0.3355 +0.57%
DOGE $0.0941 -3.62%
ADA $0.2479 -3.64%
BCH $309.54 -7.03%
LINK $15.59 +10.22%
HYPE $86.87 -5.09%
AAVE $149.33 -3.84%
SUI $1.14 -10.13%
XLM $0.2316 +6.59%
ZEC $1,483.39 -6.59%
AAPL $338.28 -0.48%
AMZN $246.44 -1.15%
GOOGL $342.51 -0.27%
MSFT $509.26 -1.23%
META $717.27 -3.68%
NVDA $229.05 +1.66%
TSLA $357.85 -4.04%
SNDK $1,714.23 -2.90%
INTC $115.84 -6.23%
SPCX $146.04 -2.54%
MU $1,055.60 -2.62%
AMD $609.03 -4.05%

ef

EF usually refers to the Ethereum Foundation, a non-profit organization dedicated to supporting the development of the Ethereum blockchain and its ecosystem. The foundation provides funding, resources, and support to promote the research, development, and adoption of the Ethereum protocol. It plays a key role in the technological advancement, community building, and global adoption of Ethereum, driving it to become a leading platform for decentralized applications and smart contracts.
All
Article
Flash

The U.S. Clarity Act legislative efforts have collapsed, and cryptocurrency regulation is at a standstill

According to CoinDesk, the Clarity Act, aimed at establishing a clear regulatory framework for cryptocurrency in the United States, has been declared a failure after months of intense negotiations. The bill was originally intended to address the definition of digital assets at the federal level, but it failed to reach the final voting process due to fierce interest group conflicts.Multiple sources indicate that the core reason for the legislative collapse lies in complex jurisdictional conflicts and disputes over terms. The CFTC (Commodity Futures Trading Commission) and SEC (Securities and Exchange Commission) are in disagreement over the management rights of certain digital assets, while lawmakers also struggle to reach a consensus on how to define the legal attributes of NFTs, DeFi protocols, and stablecoins. Despite calls from organizations to eliminate market uncertainty through legislation, a key compromise proposal ultimately could not be reached.The Fintech Association and other industry organizations had previously lobbied actively in support of the bill, hoping to establish clear industry standards. With the failure of this legislation, traditional financial institutions on Wall Street and cryptocurrency projects will continue to face legal gray areas, and the industry's compliance process will thus be forced to delay.

Analysis: Global debt continues to rise, Bitcoin benefits from the decline in fiat currency purchasing power

According to Forbes, Bitcoin approached $90,000 earlier this month. Meanwhile, global debt continues to rise, and the "currency depreciation trade" surrounding the decline in purchasing power of fiat currency has become one of the factors driving up assets like Bitcoin and gold.Data from the Institute of International Finance shows that global debt increased by $10 trillion in the first half of this year, surpassing $365 trillion in total. The U.S. debt has exceeded $40 trillion, with annual interest payments rising to $1.27 trillion, surpassing defense and Medicare spending, and only lower than Social Security spending. The institute warns that as benchmark interest rates rise, interest costs will also increase.Nic Puckrin, founder of Coin Bureau and cross-asset analyst, stated that the current environment is favorable for "currency depreciation assets" like Bitcoin and gold, which is part of the reason for Bitcoin's recent rise. The larger the debt of major economies, the more likely it is to suppress real borrowing costs and allow inflation to erode the real value of debt, thereby enhancing the attractiveness of such trades.Analysts from The Kobeissi Letter pointed out that the purchasing power of the dollar has declined by 23% since 2020; if assets only increased by 30% during the same period, investors have essentially just broken even in terms of real purchasing power. The U.S. inflation rate has been above the Federal Reserve's 2% target for 60 consecutive months.
app_icon
ChainCatcher Building the Web3 world with innovations.