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The industry category is made up ofClassification basis of digital currency (DACS)Developed and designed by CoinDesk Indices to provide a reliable, omni-directional and standardized classification system for digital currency ThisCoinDesk Market Index (CMI)Is a basic broad index dedicated to taking into account the market capitalization-weighted performance of digital money markets that meet the minimum trading centre qualification requirements.
Earlier on Wednesday, both BTC and the ether fell slightly as markets prepared for the Fed's announcement later in the day. The Fed meeting is expected to raise interest rates by 75 percentage points to 3.75% to 4%, the highest level since 2008. Although U. S. stocks opened sharply lower on Wednesday, a trader suggested buying short-term options on BTC and Ethernet to profit from implicit price adjustments.
Password companies lay off staff againWith the cryptographic winter approaching the real winter. According to Bloomberg News, data encryption venture capital firm Digital Currency Group (DCG is the head office of CoinDesk) has laid off 13% of its staff, and BitMEX, the cryptocurrency trading center, has also laid off staff after switching to derivatives trading. Although the level of layoffs was not disclosed, BitMEX refuted a report that said the company had already laid off 30 per cent of its staff.
The ether is moving towards the future of deflationAccording to Citigroup. Citibank said in a survey report that after the merger, the uncertainty of such cryptocurrencies has fallen to the historical bottom, which will push the etheric blockchain technology into a more environmentally friendly and energy-saving interest verification mechanism. This has led to a near-zero net input of medical ether, but before it was combined, the annual inflation rate of supply was about 4.2 per cent, the report said.
-Ommerti Goldbler
