PANews reported on November 10th that, according to SoSoValue data, the Senate has reached an agreement to extend government funding, resolving the government shutdown and reducing macroeconomic uncertainty. As a result, the crypto market strengthened overall, with Bitcoin (BTC) rising 3.78% to surpass $105,000 and Ethereum (ETH) rising 7.03% to above $3,600. Furthermore, the DeFi sector performed exceptionally well, rising 5.35%, with Uniswap (UNI) rising 12.03% and Aerodrome Finance (AERO) rising 14.58%.
Other notable sectors include: RWA, which rose 5.16% in the last 24 hours, with Sky (SKY) and Keeta (KTA) rising 5.97% and 13.76% respectively; and PayFi, which rose 4.94%, with COTI (COTI) rising 60.71% and Monero (XMR) rising 8.73%.
In other sectors, the Meme sector rose 3.86% in the last 24 hours, with Giggle Fund (GIGGLE) up 20.96%; the Layer 1 sector rose 3.11%, with Zcash (ZEC) up 11.93%; the CeFi sector rose 2.30%, with Aster (ASTER) up 9.06%; and the Layer 2 sector rose 1.66%, with Starknet (STRK) up 9.34%.

Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion dollar growth over the next five years will help push down interest rates. A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran.The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or impede the economy.If the neutral rate drops, then the central bank would also react by dropping its interest rate, he said.Read more

