Peter Thiel-backed cryptocurrency stocks soar after the market crash!
BlackRock CEO says he sees a new wave of opportunities in tokenization.
Order book data reveals details of the USDE crash.
Elon Musk asserts that, unlike fiat currency, Bitcoin cannot be counterfeited.
The oracle issue is not just a technical issue, it also has political dimensions.
Let’s analyze the news on the global economy and cryptocurrencies and consider economic trends together!
Wednesday, October 15th: We’ll be discussing today’s cryptocurrency news and on-chain market conditions.
This program brings you the latest news to help you with your asset building.
Let’s start by looking at 24-hour data headlines from the cryptocurrency market.
â Peter Thiel-backed cryptocurrency stocks soar after the market crash!
The saying, “Market adversity can sometimes create new opportunities,” is particularly true.
Following the recent sharp decline in the cryptocurrency market, many related stocks struggled, but companies backed by Peter Thiel have attracted particular attention. Their stock prices rebounded strongly immediately after the crash, even soaring at times.
Behind this is Thiel’s long-term perspective and investment strategy for stocks deemed undervalued in the current market environment. His past success in investing in advance of technological innovation and regulatory changes has attracted the attention of market participants.
In fact, market observers have noted that “expectations are rising for a new phase of growth after overcoming short-term turmoil.”
â BlackRock CEO: “Tokenization Presents a New Wave of Opportunities”
The CEO of BlackRock, one of the world’s largest asset management companies, recently publicly stated that “tokenization (digital securitization of assets) will become a new wave, creating enormous business opportunities.”
Tokenization is a technology that digitizes traditional financial assets such as real estate, stocks, and bonds on a blockchain, increasing liquidity and transparency. This is expected to offer numerous benefits, including smaller investments and reduced transaction costs.
The fact that a major player like BlackRock has begun to focus on this field is having a positive impact on the market as a whole. Experts say this is a sign that the entire financial industry is making a full-scale shift toward digitalization.
â Order Book Data Reveals Details of the USDE Crash
New order book data has shed light on the mechanism behind the recent, much-talked-about price collapse of USDE (the US Dollar-pegged stablecoin).
The data reveals that a large number of sell orders and a lack of liquidity led to a chain reaction of price declines, temporarily causing the USDE price to deviate significantly from $1. This triggered panic selling among market participants, leading to further turmoil.
As this situation could potentially affect the credibility of the entire stablecoin market, regulators and exchanges are keeping a close eye on it.
â Elon Musk Emphasizes “Bitcoin is Impossible to Counterfeit”
Elon Musk, one of the most influential figures in the technology industry, asserted in his own blog that “Bitcoin, unlike fiat currency, is impossible to counterfeit.”
This points to a fundamental difference from traditional money, which relies on centralized issuance and money printing. The transparency and decentralized verification system provided by blockchain technology minimize the risk of counterfeiting and tampering.
Musk has previously voiced his support for Bitcoin, and his statements have provided a certain sense of security to market sentiment.
â Is the oracle problem not just a technical issue, but also a political one?
Finally, let’s discuss the “oracle problem” in decentralized networks. This is a mechanism for accurately and securely incorporating external information into the blockchain, but ensuring its reliability involves not only technical but also political factors.
In other words, the choice of which information source to trust and who will provide that information can lead to conflicts and negotiations between stakeholders. For this reason, political discussions such as governance, transparency, and fairness are essential beyond simple program development.
Experts point out that “addressing these political aspects will also be important for blockchain technology to mature in the future.”
â There are three key points to these developments:
First, the full-scale entry of major investors and large companies into the cryptocurrency sector is restoring trust in the market as a whole and raising expectations for growth.
Second, there is an increasing need to not only innovate technologically but also to simultaneously resolve regulatory and governance issues.
Third, while market turmoil and price fluctuations remain risk factors, once we overcome these, a path to building a new financial ecosystem is becoming clear.
That’s the main content of today’s news. This channel provides in-depth, specialized features focusing on valuable news in the cryptocurrency world. If you find this channel valuable, please share, follow, and turn on notifications.
See you tomorrow.
