PANews reported on November 10th that, according to Bitcoin.com News, on-chain analyst James Check shared data indicating that approximately 4.64 million BTC (worth over $500 billion) have been transferred out of dormant wallets this year. The analyst points out that this has contributed to Bitcoin's sideways market trend.

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

