Powell’s Surprising Downplay Of 25 Basis Points

The post Shibarium May No Longer Turbocharge Shiba Inu Price Rally, Here’s Reason appeared on BitcoinEthereumNews.com. Shibarium, the layer-2 blockchain of the Shiba Inu (SHIB) ecosystem, is battling to stay active. Shibarium has slipped from hitting transaction milestones to struggling to record any transactions on its platform, a development that could severely impact SHIB. Shibarium transactions crash from millions to near zero As per Shibariumscan data, the total daily transactions on Shibarium as of Sept. 16 stood at 11,600. This volume of transactions reflects how low the transaction count has dropped for the L2, whose daily average ranged between 3.5 million and 4 million last month. However, in the last week of August, daily transaction volume on Shibarium lost momentum, slipping from 1.3 million to 9,590 as of Aug. 28. This pattern has lingered for much of September, with the highest peak so far being on Sept. 5, when it posted 1.26 million transactions. The low user engagement has greatly affected the transaction count in recent days. In addition, the security breach over the weekend by malicious attackers on Shibarium has probably worsened issues. Although developer Kaal Dhairya reassured the community that the attack to steal millions of BONE tokens was successfully prevented, users’ confidence appears shaken. This has also impacted the price outlook for Shiba Inu, the ecosystem’s native token. Following reports of the malicious attack on Shibarium, SHIB dipped immediately into the red zone. Unlike on previous occasions where investors accumulated on the dip, market participants did not flock to Shiba Inu. Shiba Inu price struggles, can burn mechanism help? With the current near-zero crash in transaction volume for Shibarium, SHIB’s price cannot depend on it to support a rally. It might take a while to rebuild user confidence and for transactions to pick up again. In the meantime, Shiba Inu might have to rely on other means to boost prices from its low levels. This…

TLDR Xpeng posted Q3 loss of RMB0.16 per share, well below analyst estimates of RMB0.57 loss Vehicle deliveries surged 149.3% to 116,007 units with revenue up 101.8% to RMB20.38 billion Gross margin expanded to 20.1% while vehicle margin reached 13.1% Q4 revenue forecast of RMB21.5-23.0 billion missed RMB25.09 billion consensus estimate Stock fell approximately 2% [...] The post Xpeng (XPEV) Stock Falls as Strong Q3 Results Overshadowed by Disappointing Guidance appeared first on Blockonomi.

PANews reported on November 17th, citing CoinDesk, that the African Continental Free Trade Area (AfCFTA) Secretariat, in conjunction with the IOTA Foundation, has launched a digital trade initiative that places stablecoin-based settlements at the heart of reshaping the way goods flow across borders in Africa. An announcement released Monday revealed that the Africa Digital Trade Access and Public Infrastructure Initiative (ADAPT), established in partnership with the Tony Blair Institute and the World Economic Forum (WEF), will build a shared, open-source digital public infrastructure for Africa's 55 member states. The initiative aims to enable instant cross-border payments, verifiable digital trade documents, and interoperable digital identity authentication. While positioned as a modernization of trade processes, stakeholders indicate that stablecoins, particularly USDT, are expected to be a key driver of its widespread adoption. The ADAPT program will initially launch in Kenya, Ghana, and an unconfirmed third country (possibly in North Africa), before expanding to the rest of Africa starting in 2026, with the goal of integrating all 55 AfCFTA member countries by 2035. AfCFTA anticipates that digitalization will double the size of intra-African trade, unlocking $70 billion in trade value and generating $23.6 billion in annual economic benefits.