BITWU
BITWU
Bitwu 星球唯一账号！ x.com/bitwux
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PNC Bank and Coinbase announced the launch of a corporate USDC payment pilot, marking the integration of stablecoin payments into real corporate banking account processes by traditional banks.
Meanwhile, the regulatory dispute over perpetual contracts in the U.S. is expanding.
The core controversy is whether perpetual contracts should be subject to futures regulatory frameworks or the stricter swap regulatory requirements. How should 24/7 trading, leverage, and automatic liquidation mechanisms be managed?
BTC and ETH ETFs have still seen net outflows over the last five full disclosed trading days.
Tonight's U.S. CPI is the most closely watched macroeconomic event.
This week bitcoin:native got off to a rough start, but don't worry, there might still be a big move this week!
Because all the macro variables affecting the market are concentrated——
1⃣ Tuesday: US October CPI.
Current expectations show that the market still generally believes there is about a 77%–80% chance the Fed will raise rates by 25 basis points in December.
2⃣ Friday: US October PPI, which will provide more inflation data.
3⃣ There are also 17 Fed speakers scheduled this week.
Crypto is now simultaneously exposed to the cross pressure of interest rates, the dollar, oil prices, and AI tech stock valuations.
It’s predictable that this will be a rollercoaster week!"
What did Vitalik say about why Ethereum is worth existing? What is the main factor for Ethereum's future price increase?
1️⃣ The long-term value of ethereum:native should not rely on fee burning, because burning revenue is cyclical and cannot form a reliable value foundation.
2️⃣ Ethereum's biggest competitive advantages are decentralization, censorship resistance, security, and long-term stability. These core principles should not be sacrificed to increase revenue.
3️⃣ ETH should become a store of value asset in the digital world, building value based on long-term trust and real usage demand, rather than relying on short-term deflation narratives.
Overall, I agree with Vitalik's thinking. When evaluating ETH, we should not only look at fees, burn volume, and deflation rate, but also whether it can become a long-term trusted and held asset. If Ethereum is to become everyone's core financial asset, it must achieve trust and security.
The most frustrating thing right now is that a prosperous Ethereum ecosystem does not necessarily mean ETH will appreciate, because the key is whether the value created by the network can be converted into sustained demand for holding ETH. From this perspective, I agree with Vitalik's approach.
vitalik.eth
Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token".
Three primary reasons:
1. ETH as fee-burning token never was as strong as it seemed
2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance.
3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS)
EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.
The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.
Crypto assets fell again on Sunday night, with BTC and ETH hitting two-month lows:
Reuters mentioned two concerns: after the US midterm elections, the Congress controlled by the Democratic Party may tighten digital asset regulations; and the ongoing impact on market trust from the previous major security incident at Binance.
Here, three levels need to be distinguished.
Confirmed fact: Prices have clearly declined, with a cumulative net outflow of $1.2817 billion from BTC ETFs over the last five full trading days.
Reasonable inference: Regulatory uncertainty, exchange security issues, and capital outflows may collectively suppress risk appetite.
