🚀 ECB President Lagarde Indicates Rate Cuts Before 2% Target
#ECB #ChristineLagarde #interestrates #monetarypolicy #Eurozone #inflation #economicstability #ratecuts
According to BlockBeats, on September 30, European Central Bank (ECB) President Christine Lagarde stated that the ECB will not wait for all indicators to reach the 2% target before cutting interest rates. This announcement suggests a more flexible approach to monetary policy, potentially signaling earlier rate cuts than previously anticipated. Lagarde's comments come amid ongoing discussions about the ECB's strategy to manage inflation and economic stability in the Eurozone. The decision to adjust interest rates before achieving the 2% target reflects the ECB's commitment to responding to economic conditions in a timely manner, ensuring that monetary policy remains adaptive and effective.#ECB #ChristineLagarde #interestrates #monetarypolicy #Eurozone #inflation #economicstability #ratecuts
🚀 Ohio Senator Proposes Bill To Accept Cryptocurrency For Taxes
#Ohio #Cryptocurrency #Taxes #Bitcoin #Legislation #LocalGovernments #Investments #NirajAntani #StatePensionFunds
According to Odaily, Ohio State Senator Niraj Antani has introduced a bill that mandates the state and all local governments to accept cryptocurrency as a payment method for state and local taxes. The proposed legislation includes Bitcoin and other cryptocurrencies. Ohio initially became the first U.S. state to accept cryptocurrency for tax payments in November 2018, but this practice was halted in November 2019 due to legal issues. Antani believes that since the State Depository Board has not taken action, the legislative body will now push this policy forward. Additionally, the bill explicitly permits state universities and state pension funds to invest in cryptocurrencies.#Ohio #Cryptocurrency #Taxes #Bitcoin #Legislation #LocalGovernments #Investments #NirajAntani #StatePensionFunds
🚀 XRP Price Breaks Long-Term Downtrend, Eyes $1 Target
#XRP #cryptocurrency #priceincrease #downtrend #marketanalysis #trading #investment #technicalanalysis #bullish #resistance #support
According to Cointelegraph, XRP has closed another week with a 9.19% increase, overcoming previous resistance at $0.60. The cryptocurrency is up 14.69% for the month and is on track to close its strongest quarterly return since Q1 2023, which was 15 months ago.
XRP's price action has broken a 3.5-year downtrend, with the recent rally pushing it as high as $0.95 before closing the month at $0.69. This marks a significant shift as XRP has been consolidating sideways for over a year. The current monthly returns have breached a major downtrend pattern that has been active for over 3.5 years.
Independent technical analyst, The Charting Guy, notes that XRP has also broken a seven-year downtrend that began in early 2018 when XRP reached its all-time high of $3.40. Another trader, Javon Marks, predicts that XRP could rally another 30,000% from its current price point to $200, based on a similar pattern from 2017 that led to a 42,000% return.
However, Marks' prediction should be approached with caution, as a $200 XRP would result in a market cap exceeding $11 trillion, which is 11 times Bitcoin's current market cap.
XRP's recent weekly close of $0.642 is its highest since December 2023. Since last August, XRP has been consolidating between $0.66 and $0.42. The current market conditions provide an opportunity for XRP to break $0.70, as risk-on assets are turning bullish. It is crucial for XRP to flip $0.66 into support, which will test its overhead resistance at $0.75. This level has been tested three times in the last two years, with the last retest occurring in February 2024.
A strong move above $0.75 should clear the path to $1, as there is a lack of resistance between $0.75 and $1. Market analyst Dom also indicates that XRP is gearing up for a move in the short term, suggesting that $0.63 could be the price at which a support base will form over the next few days.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.#XRP #cryptocurrency #priceincrease #downtrend #marketanalysis #trading #investment #technicalanalysis #bullish #resistance #support
🚀 ECB Expected To Cut Rates In October Amid Persistent Inflation
#ECB #InterestRates #Inflation #EconomicOutlook #MonetaryPolicy #RateCuts #Europe
According to Odaily, TD Securities' Global Macro Strategy Head James Rossiter and his team have indicated that the European Central Bank (ECB) faces a challenging decision in October. Despite persistent inflation in the services sector and a robust job market, recent data shows inflation below the target. However, TD Securities anticipates that the ECB will proceed with another rate cut in October, followed by an accelerated pace of rate reductions.
The report from TD Securities suggests that the ECB is expected to implement consecutive rate cuts of 25 basis points from October through March next year. This would bring the deposit rate down to a lower limit of 2.50%, six months earlier than previously forecasted.#ECB #InterestRates #Inflation #EconomicOutlook #MonetaryPolicy #RateCuts #Europe
🚀 OpenPayd Appoints Two Senior Executives From FalconX
#OpenPayd #FalconX #BaaS #DirectorOfGrowth #DirectorOfTrading #Cryptocurrency #FXTrading #InvestmentBanking #Leadership
According to Odaily, Banking-as-a-Service (BaaS) platform OpenPayd has announced the appointment of two senior executives from cryptocurrency broker FalconX. Lux Thiagarajah will take on the role of Director of Growth, while Richard Usher will serve as Director of Trading. Despite their new positions, both executives will continue to act as advisors for FalconX, assisting in the expansion of its foreign exchange trading business.
Thiagarajah previously served as the Head of Commercial FX at FalconX and has held the position of Chief Revenue Officer at crypto payment company BCB Group. His career also includes roles at major investment banks such as JPMorgan Chase and HSBC. Usher, who was the Head of FX Trading at FalconX, managed over-the-counter trading at BCB and has experience working at JPMorgan Chase and the Royal Bank of Scotland.#OpenPayd #FalconX #BaaS #DirectorOfGrowth #DirectorOfTrading #Cryptocurrency #FXTrading #InvestmentBanking #Leadership
🚀 Grayscale Transfers 1409.995 BTC Worth $90.07 Million
#Grayscale #BTC #Bitcoin #Cryptocurrency #Arkham #BlockBeats #Transfer #UnmarkedAddresses
According to BlockBeats, on September 30, Arkham monitoring revealed that Grayscale transferred 1409.995 BTC, valued at $90.07 million, to two unmarked addresses 24 minutes prior.#Grayscale #BTC #Bitcoin #Cryptocurrency #Arkham #BlockBeats #Transfer #UnmarkedAddresses
🚀 Ripple Warns Users About RLUSD Stablecoin Scams
#Ripple #RLUSD #stablecoin #scams #crypto #privateTesting
According to Odaily, Ripple has issued a public announcement on the X platform, alerting users that its stablecoin, Ripple USD (RLUSD), is still in a private testing phase and has not been officially released. The company advises users to be cautious of anyone claiming to distribute RLUSD and to stay updated on the latest information to avoid potential scams.#Ripple #RLUSD #stablecoin #scams #crypto #privateTesting
🚀 Exchange Flow Multiple Indicates Potential Market Upswing
#ExchangeFlowMultiple #MarketUpswing #CryptoQuant #Bitcoin #MarketAnalysis #Cryptocurrency #BTC
According to Odaily, CryptoQuant has revealed on the X platform that the Exchange Flow Multiple indicator is currently at a low level, similar to the period before the market surge in June 2023. This could suggest that the market is preparing for another upward trend. The Exchange Flow Multiple measures the ratio between short-term (30 days) and long-term (365 days) BTC inflows and outflows on trading platforms. A decline in this indicator signifies that short-term inflows and outflows are significantly lower than long-term inflows and outflows.#ExchangeFlowMultiple #MarketUpswing #CryptoQuant #Bitcoin #MarketAnalysis #Cryptocurrency #BTC
🚀 🔥 CryptoQuant Analyst: Bitcoin Exchange Flow Signals Possible Upward Market Trend 🔥
#Bitcoin #ExchangeFlow #MarketTrend #HODLers #BullMarket #Accumulation #Cryptocurrency #MarketRecovery #BTC
According to CryptoQuant analyst Axel Adler Jr, Bitcoin's Exchange Flow Multiple (30D/365D)—an indicator measuring the ratio of short-term to long-term BTC inflows and outflows on exchanges—is nearing its lowest point of the year. This decline suggests reduced exchange activity, possibly hinting at accumulation by investors.When the Exchange Flow Multiple is low, it indicates that short-term trading volume is significantly lower compared to long-term movements, reflecting a period of reduced volatility. Historically, such patterns have appeared during accumulation phases, which typically precede bull market rallies.There are two main reasons for the current low levels:Long-term Holders (HODLers) Retaining Assets: Long-term investors are holding onto their Bitcoin, decreasing the volume of active trades. This is typical of the early stages of a bull market when experienced participants opt not to exit, expecting further price gains.Market Recovery: After a correction, markets need time to stabilize, leading to lower activity on exchanges. The current low Exchange Flow Multiple could indicate that active traders are waiting for Bitcoin's price to find stability before returning to more active trading.Given the similarities between the current levels of the Exchange Flow Multiple and those seen before the rally in 2023, this indicator suggests that the market may be preparing for the next upward trend.#Bitcoin #ExchangeFlow #MarketTrend #HODLers #BullMarket #Accumulation #Cryptocurrency #MarketRecovery #BTC
🚀 USDC Treasury Destroys 50 Million USDC on Ethereum
#USDC #Treasury #Ethereum #WhaleAlert #cryptocurrency #blockchain
According to Odaily, Whale Alert has reported that the USDC Treasury destroyed 50 million USDC on the Ethereum blockchain today at approximately 22:57 UTC+8.#USDC #Treasury #Ethereum #WhaleAlert #cryptocurrency #blockchain
🚀 Grayscale Opens Decentralized AI Fund To Qualified Investors
#Grayscale #DecentralizedAI #AI #Investors #Cryptocurrency
According to BlockBeats, on September 30, Grayscale announced via social media that its Decentralized AI Fund is now open to eligible accredited investors.#Grayscale #DecentralizedAI #AI #Investors #Cryptocurrency
🚀 Grayscale Decentralized AI Fund Now Open To Qualified Investors
#Grayscale #DecentralizedAI #Investors #Cryptocurrency #AI #InvestmentFund
According to Odaily, Grayscale has announced on the X platform that its Decentralized AI Fund is now available to qualified investors. This fund allows investors to gain diversified exposure at the intersection of AI and cryptocurrency.#Grayscale #DecentralizedAI #Investors #Cryptocurrency #AI #InvestmentFund
🚀 Ethereum Foundation Faces Criticism Over Large Ether Transfers
#Ethereum #EthereumFoundation #Ether #ETH #transparency #cryptocurrency #blockchain
According to Odaily, the Ethereum Foundation has recently come under scrutiny for its significant transfers of Ether (ETH). Some members of the community are calling for increased transparency regarding these transactions. On-chain data released by Lookonchain indicates that the Ethereum Foundation has sold over $10 million worth of ETH this year.#Ethereum #EthereumFoundation #Ether #ETH #transparency #cryptocurrency #blockchain
🚀 MicroStrategy Announces Partnership With Pervasive AI In Q3 Update
#MicroStrategy #PervasiveAI #Partnership #Q3Update #Analytics #AI #MarketPosition
According to Odaily, MicroStrategy has released its third-quarter update, revealing a new partnership with Pervasive AI. This collaboration aims to enhance MicroStrategy's market position by leveraging scalable analytics and advanced AI capabilities.#MicroStrategy #PervasiveAI #Partnership #Q3Update #Analytics #AI #MarketPosition
🚀 Kin Capital To Launch $100 Million Tokenized Real Estate Debt Fund
#KinCapital #TokenizedRealEstate #DebtFund #Chintai #RealWorldAssets #Investors #AnnualReturn #RealEstate #AssetManagement #QualifiedInvestors
According to BlockBeats, asset management firm Kin Capital is set to launch a $100 million tokenized real estate debt fund on the Chintai network, which focuses on real-world assets. The fund will hold senior real estate trust deeds, with an initial issuance size of $5 million. Additional issuances are planned for 2024 and early 2025. The fund is available to qualified investors, with a minimum investment requirement of $50,000. It is expected to offer an annual return rate of 14%-15%, distributed to investors quarterly.#KinCapital #TokenizedRealEstate #DebtFund #Chintai #RealWorldAssets #Investors #AnnualReturn #RealEstate #AssetManagement #QualifiedInvestors
🚀 Worldcoin To Host AI-Centric Conference In San Francisco
#Worldcoin #AIConference #SanFrancisco #OpenAI #SamAltman #HumanCenteredAI #RealTimeUpdates #WLD
According to Odaily, Worldcoin announced on the X platform that building AI centered on humanity requires collective effort. Additionally, Worldcoin revealed that a related conference will be held in San Francisco on October 16 at 18:00 UTC+8. The event, themed 'Real-Time Updates: A New World,' will feature OpenAI founder Sam Altman as a participant.#Worldcoin #AIConference #SanFrancisco #OpenAI #SamAltman #HumanCenteredAI #RealTimeUpdates #WLD
🚀 BTCFi Gold Miner Event Kicks Off With Rewards Up To 1 BTCB And 11 BNB
#BTCFi #GoldMiner #BTCB #BNB #B2Network #LorenzoProtocol #PellNetwork #crosschain #staking
According to Odaily, the BTCFi Gold Miner preheat event, organized by multiple BTCFi projects including B² Network, Lorenzo Protocol, and Pell Network, has commenced. Participants in the preheat event can accumulate tickets to share in rewards that could expand up to 1 BTCB and 11 BNB. The BTCFi Gold Miner event will enable users to cross-chain from B² Network to BNB Chain via Lorenzo and subsequently stake on Pell Protocol.#BTCFi #GoldMiner #BTCB #BNB #B2Network #LorenzoProtocol #PellNetwork #crosschain #staking
🚀 Goldman Sachs Raises 2025 Gold Price Forecast To $2,900 Per Ounce
#GoldmanSachs #GoldPriceForecast #Gold #InvestmentBank #MarketSources #2025 #Economy
According to BlockBeats, market sources reported on September 30 that Goldman Sachs has revised its gold price forecast for early 2025. The investment bank has increased its prediction from $2,700 per ounce to $2,900 per ounce.#GoldmanSachs #GoldPriceForecast #Gold #InvestmentBank #MarketSources #2025 #Economy
🚀 Fed's Chicago President Emphasizes Urgency Of Rate Cuts
#Fed #Chicago #InterestRates #RateCuts #AustanGoolsbee
According to BlockBeats, on October 1, the President of the Federal Reserve Bank of Chicago, Austan Goolsbee, stated that lowering interest rates is an 'urgent priority.' He indicated that there will be multiple rate cuts in the future.#Fed #Chicago #InterestRates #RateCuts #AustanGoolsbee