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More →NEAR enters crypto’s top 20 after 140% surge in 30 days
NEAR climbed into the top 20 cryptocurrencies by market capitalization, as NEAR Intents surpassed $31 billion in cumulative transaction volume. NEAR Protocol’s native token entered the top 20 cryptocurrencies by market capitalization on Thursday after rising $138% in the last 30 days, according to <a href="https://x.com/coingecko/status/2108022680628682828" rel="nofollow noopener" target="_blank">>CoinGecko</a>. At the time of writing, NEAR <a href="https://www.coingecko.com/en/coins/near" rel="nofollow noopener" target="_blank">>traded</a> around $5.51, up about 7% over 24 hours, with a market cap of about $7.2 billion and 24-hour trading volume reaching roughly $1.2 billion. NEAR ranks ahead of Stellar (XLM), which has a market cap of nearly $7 billion. NEAR Intents, a cross-chain trading protocol, has <a href="https://explorer.near-intents.org/" rel="nofollow noopener" target="_blank">>handled</a> over $31 billion in cumulative transaction volume, according to the NEAR Intents Explorer. NEAR’s rise in the rankings also <a href="https://cointelegraph.com/news/bitwise-launches-first-us-spot-near-etf-after-tokens-recent-surge" rel="nofollow" target="_blank">follows the Sept. 29 launch</a> of the first US spot exchange-traded product tracking the token. The Bitwise fund trades on NYSE Arca under the ticker NRR, offering investors exposure to NEAR without directly holding the crypto. NEAR Intents <a href="https://cointelegraph.com/news/near-intents-recovers-entire-stolen-38m-after-ultimatum-to-exploiter" rel="nofollow" target="_blank">suffered a $3.8 million exploit</a> involving its deposit and withdrawal infrastructure last week. On Oct. 2, General Manager Alex Shevchenko said that all stolen funds had been returned, a day after the breach was disclosed. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/markets/near-price-surge-intents-zcash-privacy" rel="nofollow" target="_blank"><em><strong>NEAR jumps nearly 80% in a week as Intents volume nears $30B</strong></em></a>
Circle brings USDC, EURC payments to SAP customers through Tereina
The partnership with SAP-backed Tereina will let businesses send and receive Circle’s stablecoins from within the financial software they already use. Circle is bringing its USDC and EURC stablecoins into enterprise payment workflows through a partnership with Tereina, a financial services company backed by German enterprise software giant SAP. The <a href="https://www.circle.com/pressroom/tereina-an-sap-backed-company-and-circle-bring-usdc-and-eurc-into-enterprise-workflows-starting-with-the-sap-ecosystem-behind-84-of-global-commerce" rel="nofollow noopener" target="_blank">>integration</a> will allow businesses using SAP’s financial software to send and receive USDC and EURC within the applications they already use to manage payments. USDC will be the preferred stablecoin for dollar-denominated transactions, while EURC will be available for euro-denominated payments. <em>Source: </em><a href="https://x.com/circle/status/2107803627477709148" rel="nofollow noopener" target="_blank">><em>Circle</em></a> Tereina provides payment infrastructure that companies can embed into business software, allowing them to make payments without switching to a separate financial platform. Tereina and Circle said they plan to test the stablecoin integration with customers over the coming months, including for global payments and treasury operations. SAP’s ecosystem generates 84% of global commerce, according to the announcement, giving the integration a potentially broad enterprise reach. The move comes less than a month after <a href="https://cointelegraph.com/news/circle-arc-mainnet-launch-usdc-native-gas" rel="nofollow" target="_blank">Circle launched the mainnet of Arc</a>, its layer-1 blockchain focused on stablecoin payments and financial markets. Arc uses USDC for transaction fees and supports more than 20 fiat-backed stablecoins, including USDC and EURC. <em><strong>Magazine: </strong></em><a href="https://cointelegraph.com/magazine/too-big-to-pause-the-economic-stakes-of-an-ai-slowdown" rel="nofollow" target="_blank"><em><strong>Too big to pause: Could an AI slowdown crash the economy?</strong></em></a>
Federal Reserve Governor Waller: Further rate hikes are still needed, but they do not have to be consecutive.
According to news from Bijie, Federal Reserve Governor Waller said on Thursday that further interest rate hikes may still be needed to bring inflation back down to the Fed's 2% target, but he stressed that the pace of rate increases has some flexibility and left room for the Fed to pause at its upcoming October policy meeting. He said: "If economic data continue to meet expectations, I expect further rate hikes will be needed to help inflation return to the 2% target more quickly." Waller did not specify exactly how much more the policy rate may ultimately need to rise, but as the U.S. economy strengthens, the energy price shock caused by the Iran war has not yet faded, and AI infrastructure construction drives up demand for key goods and services, further intensifying inflationary pressure, the need to raise rates has become increasingly evident.
The most recent funding rate for the ETH perpetual contract is -0.001117%.
CoinWorld data: The most recent funding rate for the ETHUSDT perpetual contract is -0.001117%, with shorts paying longs. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.0058 percentage points; compared with the same-caliber snapshot 7 days ago, it fell by 0.0048 percentage points.
Federal Reserve Governor Waller: The 2027 dot plot may reflect a rate hike early in the year, followed by rate cuts later.
According to Bijie News, Federal Reserve Governor Waller: The 2027 dot plot may reflect a rate hike early in the year, followed by rate cuts later.
The most recent funding rate for BTC perpetual contracts is -0.001785%.
Bjie.com data: The most recent funding rate for the BTCUSDT perpetual contract is -0.001785%, with shorts paying longs. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.0026 percentage points; compared with the same-caliber snapshot 7 days ago, it fell by 0.0038 percentage points.
1. The Ministry of Finance issues special government bonds for capital injection into central financial institutions.
1. Ministry of Finance issues special treasury bonds for capital injection into central financial institutions. 2. Federal Reserve meeting minutes: Most officials expect one more rate hike before the end of the year, and the rate hike path is a prudent move. 3. U.S. senator questions Bessent: demands an explanation of the Treasury Department's "unprecedented intervention" in the U.S. bond market. 4. Demand for Japan's 30-year government bond auction is stronger than the 12-month average. 5. French bond market selloff attracts funds to bottom-fish in the euro area. 6. France's debt risk is already higher than 38% of French corporate bonds. 7. France may consider increasing short-term government bond issuance to respond to the global bond selloff and surging financing costs. 8. South Korea is considering banning unlicensed foreign banks from arranging overseas bond issuance for local issuers. 9. Tencent Holdings is considering issuing up to US$5 billion in offshore bonds, possibly as early as this month. 10. SpaceX's credit risk indicator hits a record high, and its bonds are also falling in the secondary market. 11. The China Railway Construction Lanyuan Expressway holding-type real estate asset-backed special plan has been accepted by the Shanghai Stock Exchange, with a proposed issuance of 4.1 billion yuan.
Federal Reserve Governor Waller: Further rate hikes are expected.
According to Bijie News, Federal Reserve Governor Waller stated that if the data meets expectations, further rate hikes are expected.
Federal Reserve Governor Waller: Rate hikes should be implemented in place within an acceptable timeframe.
According to Bijie Network, Federal Reserve Governor Waller stated that interest rate hikes should be implemented in a "acceptable timeframe."
Federal Reserve Governor Waller: Inflation has been near or above target for five and a half years.
According to Bijie News, Federal Reserve Governor Waller stated that it is concerning that inflation remains elevated, having now been near or above the target level for about five and a half years, which puts inflation expectations at risk.