Ethereum Foundation Head of Enterprise David: 90% of crypto lending revenue comes from Ethereum and its Layer 2 networks
According to Deep Tide TechFlow, on December 16, David, Head of Enterprise at Ethereum Foundation, revealed that approximately $9 out of every $10 in cryptocurrency lending revenue comes from Ethereum or its Layer 2 networks.
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U.S. existing home sales fall to a 16-year low as high interest rates and inflation continue to suppress housing demand
In October, U.S. existing home sales declined by 5.5% month-on-month, with the annualized rate dropping to 3.75 million units, the lowest since 2010. In the Western region, sales fell to the lowest level since record-keeping began in 1999. Mortgage rates above 7% and persistently high inflation are the main reasons for this downturn. Meanwhile, existing home inventory for sale in October rose to the peak level seen in the same period of 2019, and price momentum has significantly weakened. According to the NAR chief, once interest rates turn around, suppressed homebuying demand could erupt all at once.
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