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#ETH Surges Sharply in 3 Days
What remains from yesterday to today in the crypto world:
⚠️The US has reduced the customs duty on products imported from China from 145% to 30% for a period of 90 days. China has also lowered the tax on US products from 125% to 10% for 90 days.
📃 The decentralized exchange Uniswap has achieved a milestone by reaching a total trading volume of 3 trillion dollars.
Check out our AI-powered daily summary series for all the details!
CoinShares announced last week that there was an inflow of 882 million dollars into digital assets. The total for 2024 reached 6.7 billion dollars. Bitcoin $BTC led with 867 million dollars, while Ethereum $ETH saw an inflow of 1.5 million dollars. The total inflow into US crypto ETFs reached 62.9 billion dollars.
📉 FED futures contracts indicate that investors expect interest rates to drop by 56 basis points by December. On Friday, this expectation was around 75 basis points.