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Goldman Sachs Increases U.S. Recession Likelihood to 25% Next Year | Cryptocurrency Trends

Victoria, Bitget Research
2024/08/06
Goldman Sachs Increases U.S. Recession Likelihood to 25% Next Year | Cryptocurrency Trends

1. Mainstream Exchange Trends:

  • Binance Pool launches KASPA Network (KAS) mining services.

2. Cryptocurrency Trends:

  • Goldman Sachs raises the probability of a U.S. recession in the next year from 15% to 25%.
  • Capula Management, Europe's fourth-largest hedge fund, has $464 million in Bitcoin ETF assets.
  • Yesterday, BlackRock's IBIT trading volume reached $2.9 billion, while FBTC trading volume reached $850 million.
  • OpenAI co-founder John Schulman leaves the company to join Anthropic.
  • Zircuit launches Mainnet Phase 1 and opens ZRC Airdrop Season 1 claims.
  • Ethena founder announces that the USDe collateral ratio consistently remains above 101%, and a proof of custody assets will be released this week.
  • Justin Sun announces the creation of a $1 billion fund to combat FUD, increase investments, and provide liquidity.
  • Vitalik is confident that the issue of cross-L2 interoperability will be resolved, leading to an improved user experience.
  • Digital asset investment products faced an outflow of $528 million last week.
  • Last week, spot Ethereum ETFs saw a net outflow of $169 million, while Grayscale Ethereum Trust ETF (ETHE) saw a net outflow of $603 million.
  • Binance CEO states that the recent sharp decline in crypto and stock market prices does not represent a long-term negative trend.

3. Financing Trends:

  • Cartridge, a blockchain game infrastructure provider, raises $7.5 million in Series A funding led by Bitkraft Ventures.

4. Regulatory Trends:

  • Trump has said the U.S. government should not sell its cryptocurrencies, calling it a "very modern currency".
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.