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Swiss National Bank Governor: Cryptocurrency price volatility is too high to serve as a store of value for forex reserves

BlockBeats News, May 6th: The President of the Swiss National Bank stated that the price volatility of cryptocurrency is too high to be used as a reserve for value preservation. (IG)

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On-Chain Activity

2h ago

An early Ethereum participant sold 1,000 ETH, with a holding cost of only $0.31.

3h ago

A trader liquidated 20.06 million AI tokens for a profit of $2.14 million, causing the token price to plummet 15% instantly after the sale.

4h ago

An institution that invested in Aave and Worldcoin has transferred a cumulative $33.18 million worth of ETH, WLD, and AAVE to multiple CEXs.

13h ago

Initia chain suspected of being attacked, hackers have cashed out approximately $2.6 million

24H Important News

2026-10-24

DeepSeek discloses that a single GPU can generate $38 per hour in billable revenue, sparking attention on AI inference profitability.

'Machi' Ethereum long position now shows a floating loss of 70%, with only $28,000 remaining in the address.

Yesterday, U.S. spot Bitcoin ETFs saw a net outflow of $137.9 million, while spot Ethereum ETFs experienced a net inflow of $4.4 million.

Prediction market cryptocurrency contract trading volume hits a new high, 15-minute Bitcoin up/down betting gains popularity.

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