π Digital Asset Investment Products See Second Consecutive Week of Net Inflows
#DigitalAsset #InvestmentProducts #NetInflows #Bitcoin #Ethereum #Solana #FOMC #AuM #CryptoInvesting #BTC
According to Foresight News, a recent report by CoinShares reveals that digital asset investment products have experienced net inflows for the second consecutive week, totaling $321 million. The Federal Open Market Committee's (FOMC) more dovish stance than expected has led to a 9% increase in assets under management (AuM), with total trading volume for investment products reaching $9.5 billion, a 9% rise from the previous week. Bitcoin was the primary focus, with net inflows of $284 million, while short Bitcoin products also attracted $5.1 million in inflows.
Ethereum, on the other hand, saw net outflows for the fifth consecutive week, with $29 million exiting last week. This was mainly due to continued outflows from existing Grayscale trusts and limited inflows from new ETFs. Meanwhile, Solana investment products continued to see small but steady inflows, with $3.2 million entering last week.#DigitalAsset #InvestmentProducts #NetInflows #Bitcoin #Ethereum #Solana #FOMC #AuM #CryptoInvesting #BTC
π Canada's July GDP Data May Be Supported by Strong Retail Performance, Says Analyst
#Canada #GDP #RetailPerformance #EconomicOutlook #BankOfCanada #InterestRates #LaborMarket #EconomicGrowth
Capital Economics analyst Olivia Cross suggests that Canadaβs July GDP data may be bolstered by stronger-than-expected retail figures. However, despite this boost, the overall economic outlook for Canada remains weak.Cross also referenced the Bank of Canadaβs latest meeting minutes, which indicate that officials might consider accelerating rate cuts if the labor market continues to show signs of weakness and if GDP growth fails to meet expectations.#Canada #GDP #RetailPerformance #EconomicOutlook #BankOfCanada #InterestRates #LaborMarket #EconomicGrowth
π π₯ South Africa Becomes First African Country to License Cryptocurrency Exchange π₯
#SouthAfrica #Cryptocurrency #Exchange #Regulation #MarketGrowth #CryptoRevenue #AfricanFinance #DigitalCurrency
South Africa has become the first African nation to issue a license for a cryptocurrency exchange, according to Odaily. The country began exploring a regulatory framework for cryptocurrencies in 2021, aiming to implement final regulations by 2022.According to a Statista report, South Africaβs cryptocurrency market is projected to generate $246 million in revenue in 2024, with a compound annual growth rate (CAGR) of 7.86% from 2024 to 2028, reaching $332.9 million by 2028.#SouthAfrica #Cryptocurrency #Exchange #Regulation #MarketGrowth #CryptoRevenue #AfricanFinance #DigitalCurrency
π π₯ CITIC Securities: Multiple Factors to Influence Copper Price Fluctuations in 2024 π₯
#CITICSecurities #CopperPrices #MacroeconomicFactors #SupplyAndDemand #EnergyTransformation #GridDemand #FederalReserve #InterestRateCuts
According to Jinshi Data, CITIC Securities has indicated that copper prices in 2024 will be shaped by various macroeconomic, supply, and demand factors. The impact of these factors is expected to be more positive compared to the start of the previous copper price boom cycle in March.Key influences include a slowdown in copper concentrate and scrap supply, along with delayed smelting maintenance in the fourth quarter. The high demand growth from the energy transformation sector and the structural improvements in grid demand are expected to boost copper demand in the second half of the year. Additionally, the Federal Reserve's interest rate cut cycle is likely to support copper prices. #CITICSecurities #CopperPrices #MacroeconomicFactors #SupplyAndDemand #EnergyTransformation #GridDemand #FederalReserve #InterestRateCuts
π Wealth Beast Optimizes Revenue Distribution Mechanism
#WealthBeast #RevenueDistribution #DecentralizedSystem #UserAssetProtection #TransparentRevenue #CoCreationCommunity
According to Odaily, the official announcement states that Wealth Beast has optimized its revenue distribution mechanism, with the current daily revenue range set between 3% and 3.5%. Wealth Beast aims to create a new co-creation community, ensuring user asset protection through a decentralized system design and a transparent, fair revenue structure.#WealthBeast #RevenueDistribution #DecentralizedSystem #UserAssetProtection #TransparentRevenue #CoCreationCommunity
π Bitcoin Volatility Index Drops to 53.05
#Bitcoin #VolatilityIndex #BitVol #OptionsTrading #MarketTrends #BTC
According to BlockBeats, on September 23, the BitVol (Bitcoin volatility) index, launched by financial index company T3 Index and options trading platform LedgerX, fell to 53.05, marking a single-day drop of 0.54%.
The BitVol index measures the 30-day expected implied volatility derived from the price of tradable Bitcoin options. Implied volatility refers to the volatility implied by the actual option price. It is the volatility inferred by substituting the actual option price and other parameters except volatility Ο into the Black-Scholes option pricing formula.
The actual price of an option is formed by the competition of many option traders. Therefore, the implied volatility represents the market participants' views and expectations on the future of the market and is regarded as the closest to the actual volatility at the time.#Bitcoin #VolatilityIndex #BitVol #OptionsTrading #MarketTrends #BTC
π π₯ Global Interest Rate Decisions and Key Economic Data Expected This Week π₯
#InterestRates #EconomicData #PCE #HomeSales #GDP #UnemploymentClaims #DurableGoods #CanadaGDP #OECDForecasts #Switzerland #Sweden #ReserveBankofAustralia #Hungary #CzechRepublic #Eurozone #UK #PMI #Germany #Ifo #France #Spain #Inflation #Africa #Zambia #Brazil #EmploymentData #LatinAmerica
According to Bloomberg, multiple central banks worldwide will announce interest rate decisions this week, alongside significant economic data releases. The U.S. is set to release second-quarter core PCE price index data, along with reports on August new home sales, second-quarter GDP and revisions, weekly unemployment claims, and durable goods orders.Canadaβs July GDP data is expected to signal weak third-quarter growth, while the Organization for Economic Cooperation and Development (OECD) will unveil new economic forecasts on Wednesday. Central banks in Switzerland and Sweden may reduce interest rates, while the Reserve Bank of Australia is expected to hold rates steady.In Eastern Europe, both the Hungarian and Czech central banks are expected to cut interest rates by 0.25 percentage points this week. Meanwhile, the eurozone and the UK will release preliminary September purchasing managersβ index data, and Germany's Ifo business confidence index is expected on Tuesday.France and Spain will release inflation data on Friday, with both nations expected to report inflation levels falling below 2%. Central banks across Africa will also announce rate decisions, while Zambiaβs finance minister is scheduled to provide a detailed policy roadmap.In Latin America, Brazilβs employment data is anticipated to show continued tightness in the labor market, with medium-term inflation nearing the upper target limit of the central bank. The Brazilian central bank is expected to reduce interest rates by 0.25 percentage points, with some analysts suggesting a larger 0.5-point cut may occur. #InterestRates #EconomicData #PCE #HomeSales #GDP #UnemploymentClaims #DurableGoods #CanadaGDP #OECDForecasts #Switzerland #Sweden #ReserveBankofAustralia #Hungary #CzechRepublic #Eurozone #UK #PMI #Germany #Ifo #France #Spain #Inflation #Africa #Zambia #Brazil #EmploymentData #LatinAmerica
π π₯ Wall Street Investors Shift Focus to Financial and Tech Stocks Following Fed Rate Cut π₯
#WallStreet #Investors #FinancialStocks #TechStocks #FederalReserve #RateCut #ConsumerGoods #Healthcare #Utilities #InterestRates #SP500 #LargeCapTech #Media #Telecom #RealEstate #ConsumerSpending #DividendStocks
According to Bloomberg, Wall Street investors are navigating new market dynamics following the Federal Reserve's decision to cut interest rates. Traditionally, rate cuts have prompted investors to gravitate towards defensive sectors such as consumer goods, healthcare, and high-dividend industries like utilities. However, this time, financial stocks have emerged as a new favorite due to reduced financing costs and improved net interest margins.Historical data reveals that utility stocks have typically outperformed during previous rate cut cycles, while technology stocks have lagged behind. Yet, with the S&P 500 historically rising by an average of 21% post-rate cuts, investors are now turning back to large-cap technology, media, and telecom stocks, leading to the highest net buying in these sectors in four months.Real estate companies are also poised to benefit from lower interest rates, which may boost consumer spending. While utility stocks continue to be favored, their appeal now lies more in their stability than their dividends. #WallStreet #Investors #FinancialStocks #TechStocks #FederalReserve #RateCut #ConsumerGoods #Healthcare #Utilities #InterestRates #SP500 #LargeCapTech #Media #Telecom #RealEstate #ConsumerSpending #DividendStocks
π Tokenized U.S. Treasury Market Value Reaches $2.23 Billion
#TokenizedTreasury #USTreasury #MarketValue #BlackRock #FranklinTempleton #OndoFinance #Ethereum #Stellar #RWA #Investment
As of September 21, 2024, the total value of the tokenized U.S. Treasury market has reached $2.23 billion, reflecting a 0.24% increase over the past week, according to data from the RWA monitoring platform, RWA.xyz. The average yield to maturity for tokenized U.S. Treasuries stands at 4.93%, with a weighted average duration of 0.106 years.BlackRock's BUIDL fund leads with $522 million in assets, followed by Franklin Templeton's FOBXX fund, holding $435 million. Ondo Finance's OUSG and USDY products also play a significant role in the market, with a combined value of approximately $628 million.On the Ethereum network, tokenized U.S. Treasuries dominate with a market value of around $1.62 billion. The Stellar network ranks second, holding a market cap of approximately $422 million.#TokenizedTreasury #USTreasury #MarketValue #BlackRock #FranklinTempleton #OndoFinance #Ethereum #Stellar #RWA #Investment
π SolanaFM Former Employee Joins Jupiter Team To Enhance User Support
#SolanaFM #Jupiter #UserSupport #Blockchain #Solana #DataInfrastructure #ContentCreation
According to Odaily, a former employee of Solana blockchain explorer and index provider SolanaFM, known as @0xmiir on X, has announced their new role with the Jupiter operations team. The focus will be on user support and assisting new users in joining Jupiter. Additionally, @0xmiir will work on accelerating communication and creating impactful content across Jupiter's various products.
Recently, Jupiter revealed its acquisition of SolanaFM, aiming to enhance its data and infrastructure capabilities. This strategic move is expected to bolster Jupiter's overall performance and service offerings, providing a more robust platform for its users.#SolanaFM #Jupiter #UserSupport #Blockchain #Solana #DataInfrastructure #ContentCreation
π STEPN GO Collaborates With Adidas To Launch New Genesis Sneakers
#STEPNGO #Adidas #GenesisSneakers #LimitedEdition #Collaboration #GMTtokens #Raffle #Sportswear #SneakerRelease
According to Odaily, STEPN GO has announced a new collaboration with sportswear brand Adidas to release 1,000 pairs of limited-edition Genesis sneakers. These exclusive shoes will be available only on the STEPN GO platform. The collection features four distinct designs inspired by Adidas' most iconic running shoe models. From September 25 at 8 PM to September 30 at 8 PM (UTC+8), holders of GMT tokens can participate in a Genesis raffle for a chance to purchase these unique sneakers.#STEPNGO #Adidas #GenesisSneakers #LimitedEdition #Collaboration #GMTtokens #Raffle #Sportswear #SneakerRelease
π π₯ Binance Announces Scheduled Account Service Upgrade on September 25, 2024 π₯
#Binance #AccountUpgrade #ScheduledMaintenance #SystemPerformance #TradingInterruptions #UserSecurity #APITrading
Binance has announced a planned upgrade to its account services on September 25, 2024, starting at 06:30 UTC, with the process expected to take approximately 3 hours. This upgrade aims to enhance the overall system performance and stability.Impacted Services: During the upgrade, users may experience temporary interruptions across various services, including:Account login and registrationSpot, Margin, and Futures tradingP2P transactionsVIP account servicesOther account-related featuresThese interruptions will be brief, with access restored shortly after.Important Notes:User data and assets will remain secure and unaffected by the upgrade.API-based trading will continue to function as usual.Users may temporarily be unable to log in or manage their positions/orders during the upgrade.#Binance #AccountUpgrade #ScheduledMaintenance #SystemPerformance #TradingInterruptions #UserSecurity #APITrading
π Bankless Founder Criticizes Harris' Late Support for Crypto Industry
#Bankless #Crypto #KamalaHarris #DavidHoffman #Cryptocurrency #Support #Industry
According to a post on X by Bankless founder David Hoffman, U.S. Vice President Kamala Harris' recent statement in support of the cryptocurrency industry is "too late," although he acknowledged that it is still a positive development for the sector. Hoffman remarked that Harris has significant work to do if she hopes to match former President Donald Trumpβs influence and engagement within the crypto space. He expressed hope that Harris will continue to build momentum in supporting the industry.#Bankless #Crypto #KamalaHarris #DavidHoffman #Cryptocurrency #Support #Industry
π Stacks Foundation Announces Nakamoto Activation Scheduled for October 9
#StacksFoundation #NakamotoActivation #October9 #STXtokens #Bitcoin #hardfork #developerworkshops #block864864 #fastblocks #Bitcoinfinality #nodeoperators #secure #reliable #networkactivity
According to Odaily, the Stacks Foundation has announced that the Nakamoto activation is expected to take place on October 9. In preparation for this event, the Stacks community will host over 20 developer workshops worldwide, featuring lectures, live demonstrations, and technical challenges where participants can win STX tokens. Recently, it was revealed that core developers have selected Bitcoin block #864864 for the Nakamoto hard fork, which will introduce key improvements such as fast blocks and Bitcoin finality.
As part of the hard fork, all node operators are required to upgrade their nodes, with binaries expected to be available approximately one week before the hard fork. The foundation emphasized that core developers remain committed to a secure and reliable release. If necessary, they reserve the right to select a new hard fork block to address issues or investigate network activity. Any updates to the block will be communicated immediately.#StacksFoundation #NakamotoActivation #October9 #STXtokens #Bitcoin #hardfork #developerworkshops #block864864 #fastblocks #Bitcoinfinality #nodeoperators #secure #reliable #networkactivity
π Ethereum Ecosystem Seen As Hub For Innovation And Experimentation
#Ethereum #Ecosystem #Innovation #Experimentation #Layer2 #Scalability #Developers #Blockchain #Crypto #NetworkEffects #ETH
According to Odaily, Anthony Sassano, founder of The Daily Gwei, expressed his views on X, stating that the most exciting aspect of a rollup-centric roadmap is the allowance for unlimited experimentation. While scalability is crucial, it is considered a given for Layer 2 solutions. Sassano emphasized that Layer 2 is not constrained by Layer 1 limitations, enabling the exploration of different execution environments and various other elements, all while benefiting from Ethereum's vast network effects. This positions Ethereum as an innovation-focused 'black hole.' In the past, developers aiming to build non-EVM protocols had to move to another Layer 1, but now they can experiment within Ethereum's orbit. Although many of these experiments may not gain significant attention, the key point is that such experimentation can now occur within the Ethereum ecosystem, preventing the outflow of developers and users to other ecosystems due to non-EVM attempts. Sassano is optimistic about the Ethereum ecosystem being a hotbed for innovation and experimentation in the crypto space.#Ethereum #Ecosystem #Innovation #Experimentation #Layer2 #Scalability #Developers #Blockchain #Crypto #NetworkEffects #ETH
π Likwid Launches Native Shorting Protocol
#Likwid #ShortingProtocol #AMM #MemePlatform #TradingVolume #ETH #NoLossMechanism #PublicChains
According to Odaily, the all-chain Meme platform LIKWID has introduced a native shorting protocol. Utilizing its algorithm and trading curve, users can trade short tokens within the AMM, enabling spot shorting without the need for complex order books, oracles, or liquidation processes. Currently, the first test token on LIKWID has surpassed 1200 ETH in trading volume.
LIKWID is an all-chain Meme platform supporting over ten public chains. Its original no-loss mechanism ensures zero loss for users during the fundraising phase. To date, LIKWID's trading volume has exceeded $200 million.#Likwid #ShortingProtocol #AMM #MemePlatform #TradingVolume #ETH #NoLossMechanism #PublicChains
π Scallop TVL Surpasses $150 Million With Significant Borrowing And Trading Volumes
#Scallop #DeFi #TotalValueLocked #TVL #Sui #lendingprotocol #borrowing #tradingvolume #SCA #cryptocurrency
According to Odaily, the decentralized finance (DeFi) lending protocol Scallop, part of the Sui ecosystem, has achieved a Total Value Locked (TVL) exceeding $150 million. The total borrowing amount on the platform has reached $80 million. Additionally, the swap trading volume on Scallop has hit $47 million.
Furthermore, data from CoinGecko indicates that Scallop's native token, SCA, has seen a significant increase of 57.2% over the past 14 days, currently trading at $0.3577.#Scallop #DeFi #TotalValueLocked #TVL #Sui #lendingprotocol #borrowing #tradingvolume #SCA #cryptocurrency
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π Early SHIB Investor Gains $1.07 Million in Five Days Amid Price Surge
#SHIB #cryptocurrency #investment #whale #profits #price surge
According to Odaily, an early SHIB investor has seen significant gains due to a recent price surge. Monitoring by Spot On Chain reveals that the investor achieved an unrealized profit of $1.07 million, marking a 46% increase in just five days. Overall, this whale has two out of four recent investments currently in profit.#SHIB #cryptocurrency #investment #whale #profits #price surge
π Core Scientific Positioned For Major Role In AI Hosting
#CoreScientific #AIhosting #bitcoinminer #HPC #CoreWeave #stockmarket #Canaccord #investment #hyperscalers #cashflow
According to CoinDesk, Core Scientific (CORZ) is poised to become a significant player in artificial intelligence (AI) hosting, as highlighted in a recent report by broker Canaccord. The report initiated coverage of the bitcoin miner with a buy rating and set a price target of $16. Early trading saw the shares rise by 1.4% to $12.15.
A pivotal 12-year contract signed with hyperscaler CoreWeave in June is seen as a transformative deal for Core Scientific. Canaccord described it as the first major agreement by a bitcoin miner to offer high-performance compute (HPC) data center hosting capacity. Hyperscalers are large-scale data centers that provide substantial computing power.
Canaccord analysts, led by Joseph Vafi, identified three key drivers for the stock: increasing revenue from AI hosting, improved cash flow, and the potential for additional site acquisitions. The price target includes approximately $12 attributed to the CoreWeave contract, $3 for the company's remaining power supply designated for AI hosting, and around $1 for the bitcoin-mining business.
The report also noted that Core Scientific has potential upside from its mining operations. Despite repurposing nearly 500 megawatts (MW) for AI hosting, the company still retains about 230MW of power for bitcoin mining.#CoreScientific #AIhosting #bitcoinminer #HPC #CoreWeave #stockmarket #Canaccord #investment #hyperscalers #cashflow
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π Vitalik: An Ethereum Story Receives High IMDb Rating
#Vitalik #Ethereum #Documentary #IMDb #Blockchain #Cryptocurrency #FilmRating #Technology #ETH
According to BlockBeats, the documentary 'Vitalik: An Ethereum Story' has garnered significant attention and praise. As per the official website of IMDb, the 1 hour and 25 minute documentary currently holds an impressive rating of 8.8 out of 10. This high rating reflects the positive reception from viewers and critics alike.
IMDb, short for Internet Movie Database, is a widely recognized online platform that offers comprehensive information on movies, TV shows, actors, directors, and more. The platform's ratings are often considered a reliable indicator of a film's quality and popularity. The documentary's high rating on IMDb suggests that it has resonated well with its audience, providing an insightful look into the life and contributions of Vitalik Buterin, the co-founder of Ethereum.
The documentary delves into the journey of Vitalik Buterin, exploring his role in the development of Ethereum and his impact on the blockchain and cryptocurrency industry. It offers viewers a detailed narrative of his achievements and the challenges he faced along the way. The positive reception of 'Vitalik: An Ethereum Story' on IMDb underscores the growing interest in blockchain technology and the figures behind its evolution.#Vitalik #Ethereum #Documentary #IMDb #Blockchain #Cryptocurrency #FilmRating #Technology #ETH