🚀 Hong Kong Stocks Experience Significant Decline
#HongKong #Stocks #Decline #HangSengIndex #Technology #RealEstate #Volatility #MarketChallenges
According to Odaily, Hong Kong stocks saw a significant decline today, with both technology and real estate sectors experiencing substantial losses. The Hang Seng Index dropped by more than 4%, while the Hang Seng Tech Index's decline widened to 7%. Among the notable declines, Oriental Selection fell by over 18%, Alibaba Health by more than 15%, and JD Health by over 12%.
The real estate sector also faced severe downturns, with major companies such as Shimao Group, CIFI Holdings, Sunac, and R&F Properties all plummeting by over 30%. This widespread decline highlights the volatility and challenges currently facing the Hong Kong stock market.#HongKong #Stocks #Decline #HangSengIndex #Technology #RealEstate #Volatility #MarketChallenges
🚀 Ohio Senator Proposes Bill To Legalize Cryptocurrency Tax Payments
#Ohio #Senator #Cryptocurrency #TaxPayments #Bitcoin #DigitalAssets #Legislation #PensionSystem
According to PANews, Ohio Senator Niraj Antani has introduced a bill to legalize the payment of state and local taxes using cryptocurrency. The proposed legislation underscores the significance of digital currencies in the current economy, mandating that Ohio accept cryptocurrencies like Bitcoin for tax payments. Additionally, the bill would permit the state's pension system to invest in these digital assets. Antani highlighted Ohio's historical role in the adoption of cryptocurrency.#Ohio #Senator #Cryptocurrency #TaxPayments #Bitcoin #DigitalAssets #Legislation #PensionSystem
🚀 Bitcoin Forms 'Three Blind Mice' Pattern, Potential Downtrend Ahead
#Bitcoin #ThreeBlindMice #PeterBrandt #Cryptocurrency #TechnicalAnalysis #Downtrend #TradingPattern #MarketTrends #GeopoliticalTensions #USEconomy #BTC
According to Cointelegraph, veteran trader Peter Brandt has observed that Bitcoin is forming a 'three blind mice' pattern, which some interpret as a sign that the asset could decline in the coming days. In an Oct. 2 post on X, Brandt informed his 740,000 followers about this pattern, referring to it as the 'infamous Three Blind Mice and a Piece of Cheese' trading pattern.
Technical analysis data from trading platform Morpher suggests that the 'three blind mice' pattern is typically seen as a 'continuation' pattern, indicating that the future price action will follow the direction of the 'three blind mice.' Brandt previously mentioned this pattern on Dec. 17, 2022, when Bitcoin was trading around $17,000 and subsequently entered a weeks-long slump before sharply breaking out to the upside in January 2023.
In an earlier Oct. 2 post on X, Brandt warned traders that Bitcoin's recent rally did not 'disturb the 7-month sequence of lower highs and lower lows,' indicating that Bitcoin remains in a downtrend. He stated that 'only a close above 71,000 confirmed by a new ATH will indicate that the trend from the Nov 2022 low remains in force.'
Several traders have speculated that Brandt's 'three blind mice' pattern is a more humorous take on the Three Black Crows pattern, which is used to indicate the reversal of an uptrend. The pattern's name may also be derived from the popular nursery rhyme, which repeats the phrase 'three blind mice' with 'see how they run.'
The price of Bitcoin has dropped 7.1% in the last three days, with the sharp 72-hour downturn erasing nearly 12 days of gains. This decline has been attributed to escalating geopolitical tensions in the Middle East, compounded by concerns about the strength of the US economy and the outcome of the upcoming election.#Bitcoin #ThreeBlindMice #PeterBrandt #Cryptocurrency #TechnicalAnalysis #Downtrend #TradingPattern #MarketTrends #GeopoliticalTensions #USEconomy #BTC
🚀 Ethereum Spot ETF Sees Significant Net Inflows
#Ethereum #ETFs #NetInflows #Grayscale #BlackRock #FranklinTempleton #Crypto #Investing #ETH
According to PANews, data from SoSoValue indicates that on October 2 (Eastern Time), Ethereum spot ETFs experienced a total net inflow of $14.44 million.
On the same day, Grayscale's Ethereum Trust ETF (ETHE) saw a single-day net outflow of $5.40 million, bringing its historical net outflow to $2.939 billion. Meanwhile, Grayscale's Ethereum Mini Trust ETF (ETH) had no net outflow for the day, maintaining its historical total net inflow at $295 million. The Ethereum spot ETF with the highest single-day net inflow was BlackRock's ETF (ETHA), which recorded an inflow of $18.04 million, pushing its historical total net inflow to $1.164 billion. Following this was Franklin Templeton's ETF (EZET), with a single-day net inflow of $1.81 million, bringing its historical total net inflow to $37.12 million.
As of the time of reporting, the total net asset value of Ethereum spot ETFs stands at $6.508 billion, with an ETF net asset ratio (market value relative to Ethereum's total market value) of 2.27%. The historical cumulative net outflow has reached $558 million.#Ethereum #ETFs #NetInflows #Grayscale #BlackRock #FranklinTempleton #Crypto #Investing #ETH
🚀 🔥 Binance System Upgrade Scheduled for October 8, 2024 🔥
#Binance #SystemUpgrade #CryptoDeposits #Withdrawals #Trading #PerformanceEnhancement #ScheduledMaintenance #October2024 #P2PTrading #FiatServices #CryptoTrading #SpotTrading #FuturesTrading #MarginTrading
Binance will conduct a scheduled system upgrade on October 8, 2024, starting at 06:00 UTC, expected to last approximately 15 minutes. The upgrade aims to enhance overall system performance and stability.Impacted Services During Upgrade:Crypto Deposits & WithdrawalsSpot Copy Trading: Opening new positions.Spot & Futures Trading Bots: Opening new positions.Account Transfers: Including transfers across Sub-accounts, Margin, Futures, Options, Pool Accounts, and Fiat Wallets.Margin Trading: Cross, Isolated, and Portfolio Margin activities will be paused, and ongoing liquidations may be interrupted.Spot Referral & Liquidity Provider Rebates: These will be temporarily unavailable, with credits distributed after the upgrade.Binance Bridge (Web3 Wallet)Impacted Transfer & Trading Services:P2P TradingConvert and OTC Portal TradingAuto-InvestConvert Low-Value Assets to BNBCrypto Purchases via CardsFiat Deposits & WithdrawalsFiat Buy & Sell CryptoSubscription & Redemption of Earn ProductsLoans ServicesPay TransactionsUsers are advised to be aware of potential interruptions in these services during the upgrade window.#Binance #SystemUpgrade #CryptoDeposits #Withdrawals #Trading #PerformanceEnhancement #ScheduledMaintenance #October2024 #P2PTrading #FiatServices #CryptoTrading #SpotTrading #FuturesTrading #MarginTrading
🚀 BNB Surpasses 550 USDT with a Narrowed 0.47% Decrease in 24 Hours
#BNB #USDT #Binance #cryptocurrency #trading #marketdata #decrease
On Oct 03, 2024, 04:38 AM(UTC). According to Binance Market Data, BNB has crossed the 550 USDT benchmark and is now trading at 550.099976 USDT, with a narrowed narrowed 0.47% decrease in 24 hours.#BNB #USDT #Binance #cryptocurrency #trading #marketdata #decrease
🚀 Ethereum(ETH) Surpasses 2,400 USDT with a Narrowed 3.33% Decrease in 24 Hours
#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading
On Oct 03, 2024, 04:45 AM(UTC). According to Binance Market Data, Ethereum has crossed the 2,400 USDT benchmark and is now trading at 2,400 USDT, with a narrowed narrowed 3.33% decrease in 24 hours.#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading
🚀 Federal Reserve Rate Cut Probabilities for November
#FederalReserve #RateCut #InterestRates #CME #FedWatch #EconomicForecast
According to Odaily, the CME 'FedWatch' tool indicates a 62.8% probability that the Federal Reserve will cut interest rates by 25 basis points in November. Additionally, there is a 37.2% chance of a 50 basis point rate cut.#FederalReserve #RateCut #InterestRates #CME #FedWatch #EconomicForecast
🚀 Bitcoin Network Transaction Fees Decrease
#Bitcoin #TransactionFees #Blockchain #Cryptocurrency #Mempool
According to BlockBeats, on October 3, data from mempool.space indicates that Bitcoin network transaction fees have decreased. The current high-priority fee is reported at 2 Sat/byte.#Bitcoin #TransactionFees #Blockchain #Cryptocurrency #Mempool
🚀 Uruguay Enacts Cryptocurrency Law After Two Years Of Deliberation
#Uruguay #CryptocurrencyLaw #VirtualAssets #CentralBank #Regulation #VASPs #AntiMoneyLaundering #CounterTerrorismFinancing #DecentralizedSecurities #DistributedLedgerTechnology
According to PANews, Uruguay has officially enacted a cryptocurrency law after more than two years of discussions. The law, initially proposed two years ago, recognizes cryptocurrencies as virtual assets in the country and designates the Central Bank of Uruguay as the regulator and overseer for companies seeking to provide cryptocurrency services. This move positions Uruguay among the leading Latin American countries that have integrated cryptocurrencies into their regulatory frameworks.
The Central Bank of Uruguay will oversee virtual asset service providers (VASPs) and is responsible for issuing operational licenses to such organizations. The issuance of these licenses will take into account factors such as legality, opportunity, and convenience. Additionally, the Financial Services Supervision (SSF) must identify exchanges, wallets, and even miners that fall under the VASP category.
The new law also amends existing anti-money laundering and counter-terrorism financing regulations to include virtual assets under the control and supervision of current enforcement agencies. Furthermore, it reforms securities law by introducing the concept of decentralized securities, which are issued, stored, transferred, and traded electronically through distributed ledger technology.#Uruguay #CryptocurrencyLaw #VirtualAssets #CentralBank #Regulation #VASPs #AntiMoneyLaundering #CounterTerrorismFinancing #DecentralizedSecurities #DistributedLedgerTechnology
🚀 Andre Cronje Criticizes Project for Misusing Open Source Code
#AndreCronje #Fantom #SonicLabs #OpenSource #GPL3 #BUSL #ProjectCriticism #Blockchain #Web3 #Crypto #FTM
According to BlockBeats, on October 3, Andre Cronje, Director of the Fantom Foundation and current Chief Technology Officer of Sonic Labs (formerly Fantom), expressed his concerns on social media about a project with a Total Value Locked (TVL) of $1 billion and a Fully Diluted Valuation (FDV) of $1 billion. Cronje noted that the project had evidently used his open-source code, which is licensed under GPL3, and had obtained a Business Source License (BUSL).
Cronje stated that he could accept not being acknowledged, allowing the project to remove his name from the code, and even not mentioning him or the original project on their website or documentation. He also mentioned that he could tolerate the project renaming certain concepts to avoid any association. However, he criticized the project for taking something from open source and making it restrictive, while profiting significantly from it. Cronje remarked that the changes in this field are much larger than he had anticipated.#AndreCronje #Fantom #SonicLabs #OpenSource #GPL3 #BUSL #ProjectCriticism #Blockchain #Web3 #Crypto #FTM
🚀 Fractal Mining Power Drops Below 7EH/s As FB Price Declines
#FractalMining #EthereumHashrate #FBPriceDrop #CryptocurrencyNews #MiningPower
According to Odaily, data from the official Fractal browser indicates that Fractal's permissionless mining power has fallen below 7EH/s, currently standing at 6.898 EH/s. Concurrently, CoinGecko data reveals that the price of FB has dropped below $7, experiencing a 12% decline over the past 24 hours, now trading at $6.83.#FractalMining #EthereumHashrate #FBPriceDrop #CryptocurrencyNews #MiningPower
🚀 Metaplanet Engages In Bitcoin Options Trade With QCP Capital
#Metaplanet #Bitcoin #OptionsTrade #QCPCapital #DigitalAssets #FinancialStrategy #PutOptions #BitcoinReserves #Profitability #Cryptocurrency #BTC
According to BlockBeats, on October 3, Japanese publicly listed company Metaplanet announced via social media that it has entered into a Bitcoin options trade with Singapore-based digital asset trading firm QCP Capital. The transaction involves the sale of Bitcoin put options, specifically 233 contracts of Bitcoin put options expiring on December 27, with a strike price of $62,000. This trade has earned Metaplanet a premium income of 23.97 BTC.
Metaplanet stated that this strategy not only enhances the company's Bitcoin reserves but also strengthens its balance sheet. This aligns with its ongoing financial strategy to increase long-term Bitcoin exposure, improve the company's financial health, and support its profitability goals. The margin funds from this transaction are planned to be used for purchasing Bitcoin. Selling put options, referred to as a 'target purchase,' is another method to acquire Bitcoin. The plan for the use of these funds remains unchanged.#Metaplanet #Bitcoin #OptionsTrade #QCPCapital #DigitalAssets #FinancialStrategy #PutOptions #BitcoinReserves #Profitability #Cryptocurrency #BTC
🚀 BTC And ETH Options Open Interest Values Revealed
#BTC #ETH #Options #OpenInterest #ForesightNews #Coinglass
According to Foresight News, Coinglass data indicates that the nominal value of open interest for BTC options across the network today stands at $19.097 billion. Meanwhile, the nominal value of open interest for ETH options is reported to be $4.733 billion.#BTC #ETH #Options #OpenInterest #ForesightNews #Coinglass
🚀 Raydium Introduces Teleport For Seamless Token Transfers Between EVM Networks And Solana
#Raydium #Teleport #TokenTransfers #EVM #Solana #CircleCCTP #WormholeConnect #USDC #CrossChainSwaps #Blockchain
According to Odaily, Raydium has announced the launch of Teleport on the X platform, enabling frictionless token transfers from EVM networks to Solana. Raydium Teleport integrates Circle CCTP and Wormhole Connect to facilitate seamless USDC flow through CCTP's native mint and burn mechanism. The platform also revealed plans to enhance Teleport with one-click cross-chain swaps soon. This enhancement will allow for native asset cross-chain swaps using USDC and CCTP as the settlement channel, with cross-chain swap delays of less than 30 seconds.#Raydium #Teleport #TokenTransfers #EVM #Solana #CircleCCTP #WormholeConnect #USDC #CrossChainSwaps #Blockchain
🚀 BNB Drops Below 540 USDT with a 3.04% Decrease in 24 Hours
#BNB #USDT #Cryptocurrency #MarketData #PriceDrop #Binance #Trading
On Oct 03, 2024, 08:20 AM(UTC). According to Binance Market Data, BNB has dropped below 540 USDT and is now trading at 539.599976 USDT, with a narrowed 3.04% decrease in 24 hours.#BNB #USDT #Cryptocurrency #MarketData #PriceDrop #Binance #Trading
🚀 Researcher Warns Of Malicious Browser Extension Targeting Developers
#MaliciousBrowserExtension #CyberSecurity #SupplyChainAttack #SolidityDevelopers #Phishing #BrowserSecurity #CryptocurrencySecurity #SoftwareDevelopment #DeveloperSafety #VirtualMachines
According to PANews, a cryptocurrency researcher known as @LehmannLorenz on the X platform reported a near-miss incident where his computer was almost compromised by a malicious browser extension. The extension, developed by an unverified source, amassed 1.7 million downloads and a perfect 5/5 star rating within just one day of its release. Upon downloading and examining the extension, everything appeared normal except for an obfuscated 'extension.js' file that ran during installation. Log files indicated that the script eventually encountered an error, relying on PowerShell execution to operate entirely in memory, leaving no traces on the disk.
In response, SlowMist's Yu Jian stated that this incident represents a supply chain phishing attack targeting Solidity smart contract developers. He emphasized that the editor environment is a high-risk area for supply chain attacks. To mitigate risks, he advised isolating usage as much as possible, avoiding unnecessary installations, and adhering to the principle of 'just enough is enough.' He also recommended using separate computers or virtual machines for more complex tasks to ensure security.#MaliciousBrowserExtension #CyberSecurity #SupplyChainAttack #SolidityDevelopers #Phishing #BrowserSecurity #CryptocurrencySecurity #SoftwareDevelopment #DeveloperSafety #VirtualMachines
🚀 Vitalik Buterin Suggests Lowering Ethereum Staking Minimum
#VitalikButerin #Ethereum #Staking #ETH #Blockchain #Cryptocurrency #DeFi #PeerdasUpgrade #OrbitSSF
According to Odaily, Ethereum co-founder Vitalik Buterin recently proposed on social media that developers should consider the possibility that the current 32 ETH staking requirement is a higher barrier for stakers than bandwidth requirements. He suggested that slightly increasing the bandwidth requirement in exchange for lowering the minimum staking deposit to 16 or 24 ETH could benefit both staking accessibility and scale. Buterin further mentioned that once Ethereum completes the peerdas upgrade, bandwidth requirements would decrease, and with the completion of orbit SSF, the minimum deposit could be reduced to as low as 1 ETH.#VitalikButerin #Ethereum #Staking #ETH #Blockchain #Cryptocurrency #DeFi #PeerdasUpgrade #OrbitSSF
🚀 Goofy Surges Over 50% In 24 Hours
#Goofy #cryptocurrency #meme #Solana #increase
According to Odaily, data from Ave indicates that the cryptocurrency Goofy has experienced a significant increase of over 50% in the past 24 hours, currently trading at $0.0051. Goofy is an animal-themed meme coin issued on the Solana blockchain.#Goofy #cryptocurrency #meme #Solana #increase
🚀 Australian Police Seize $6.4 Million in Cryptocurrency from Ghost Network
#AustralianPolice #Cryptocurrency #GhostNetwork #OrganizedCrime #AFPSecurity #LawEnforcement
According to Odaily, Australian police have confiscated $6.4 million worth of cryptocurrency in a crackdown on the encrypted communication network known as Ghost. Authorities described the network as being specifically designed for organized crime groups. The seized cryptocurrency has been transferred to a secure storage managed by the Australian Federal Police (AFP), and efforts are underway to seek its permanent forfeiture.#AustralianPolice #Cryptocurrency #GhostNetwork #OrganizedCrime #AFPSecurity #LawEnforcement