PANews reported on November 10th that, according to on-chain analyst @ai_9684xtpa, as ETH briefly touched $3,600 this morning, the unrealized profit of the "1011 short-selling insider whale" has expanded to $4.62 million. The address's profit for the past week was updated to $3.1 million, with a total profit of $102 million.

Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion dollar growth over the next five years will help push down interest rates. A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran.The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or impede the economy.If the neutral rate drops, then the central bank would also react by dropping its interest rate, he said.Read more

