🚀 NYSE Arca Proposes New Rule For Digital Asset Investment Products
#NYSEArca #DigitalAssets #InvestmentProducts #Grayscale #ETF #Bitcoin #Ethereum #SOL #XRP #AVAX #USSEC #BTC #ETH
According to Foresight News, NYSE Arca has submitted an application to the U.S. Securities and Exchange Commission (SEC) to adopt new rule 8.800-E. This rule would permit the listing and trading of investment products based on commodities and digital assets. Additionally, the exchange has specifically proposed listing and trading shares of Grayscale's Digital Large Cap Fund under this new rule.
Previously, on October 15, Grayscale applied to the SEC to convert its Digital Large Cap Fund into an ETF. This fund primarily consists of Bitcoin (nearly 75%) and Ethereum (approximately 19%), with the remainder including SOL, XRP, and AVAX. The company has already converted its Bitcoin and Ethereum funds into ETFs.#NYSEArca #DigitalAssets #InvestmentProducts #Grayscale #ETF #Bitcoin #Ethereum #SOL #XRP #AVAX #USSEC #BTC #ETH
🚀 OpenAI Introduces ChatGPT Web Version Search Feature
#OpenAI #ChatGPT #webversion #searchfeature #chathistory #useraccess #Plususers #Teamusers #Enterpriseusers #Eduusers #freeusers
According to Odaily, OpenAI has announced the gradual rollout of a chat history search feature for the web version of ChatGPT. This new functionality allows users to easily search through past conversations or continue unfinished dialogues. Plus and Team users will gain access to this feature today, while Enterprise and Edu users will receive access within a week. Free users will gradually obtain this feature over the next month.#OpenAI #ChatGPT #webversion #searchfeature #chathistory #useraccess #Plususers #Teamusers #Enterpriseusers #Eduusers #freeusers
🚀 US Nonfarm Payroll Report To Influence Federal Reserve's Upcoming Policy Meeting
#USNonfarmPayroll #FederalReserve #InterestRates #EmploymentReport #Inflation #LaborMarket #BoeingStrike #Economy #PolicyMeeting
According to Odaily, the US nonfarm payroll report set to be released this Friday will be the last employment market report before the Federal Reserve's policy meeting next week. However, this data is expected to be challenging to interpret. With inflation nearing the Federal Reserve's target, officials are now more focused on the gradually cooling labor market. Earlier this month, Federal Reserve Governor Christopher Waller stated that the employment report is 'not easy to read,' but he anticipates that hurricanes and the Boeing strike will reduce job growth by over 100,000. The Federal Reserve has entered its pre-meeting blackout period, and it is expected to cut interest rates by 25 basis points at this meeting. Moody's Chief Economist Mark Zandi mentioned that policymakers will calmly address this data and continue to focus on lowering interest rates, as the current rate levels are widely believed to have a restraining effect on the economy.#USNonfarmPayroll #FederalReserve #InterestRates #EmploymentReport #Inflation #LaborMarket #BoeingStrike #Economy #PolicyMeeting
🚀 Bitcoin(BTC) Drops Below 72,000 USDT with a Narrowed 0.73% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #trading #Binance #marketdata #priceupdate
On Oct 30, 2024, 11:57 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 72,000 USDT and is now trading at 71,966 USDT, with a narrowed narrowed 0.73% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #trading #Binance #marketdata #priceupdate
🚀 DWS Xtrackers Joins SIX As 17th Crypto ETP Issuer
#DWSXtrackers #SIX #CryptoETP #Bitcoin #Ethereum #TradingVolume #Cryptocurrency #SwissExchange #ForesightNews #BTC #ETH #SOL
According to Foresight News, the Swiss stock exchange SIX has announced that DWS Xtrackers has become the 17th crypto ETP issuer on the platform. DWS Xtrackers has launched two new products, one focused on Bitcoin and the other on Ethereum.
SIX reported that since the beginning of this year, the trading volume of the 170 crypto ETPs listed on the Swiss exchange has reached 1.8 billion Swiss francs, with nearly 145,000 transactions. Among the 376 crypto ETPs and derivatives, Bitcoin dominates with a 45.2% share of the trading volume, followed by Ethereum at 15.0% and Solana at 11.5%.#DWSXtrackers #SIX #CryptoETP #Bitcoin #Ethereum #TradingVolume #Cryptocurrency #SwissExchange #ForesightNews #BTC #ETH #SOL
🚀 US October ADP Employment Numbers Surpass Expectations
#US #October #ADP #Employment #Numbers #Surpass #Expectations #Increase #233000 #July2023
According to PANews, the United States recorded an increase of 233,000 in ADP employment numbers for October, significantly exceeding the anticipated 114,000. This marks the largest rise since July 2023. The previous figure was revised from 143,000 to 159,000.#US #October #ADP #Employment #Numbers #Surpass #Expectations #Increase #233000 #July2023
🚀 Storj Appoints Colby Winegar As New CEO
#Storj #ColbyWinegar #CEO #decentralizedcloudstorage #cloudplatform #technology #leadership #innovation
According to Odaily, Storj, a decentralized cloud storage platform, has announced the appointment of Colby Winegar as its new Chief Executive Officer. Winegar has previously served as the Chief Revenue Officer at Storj for several years. During his tenure, he played a pivotal role in driving strategic partnerships, technological alliances, acquisitions, and onboarding new clients. His efforts have been instrumental in transforming Storj from a distributed cloud object storage provider into a comprehensive distributed cloud platform that offers distributed storage, on-demand high-performance GPU computing, and client-mounted file management.#Storj #ColbyWinegar #CEO #decentralizedcloudstorage #cloudplatform #technology #leadership #innovation
🚀 MicroStrategy's Stock Performance Surpasses Major US Companies
#MicroStrategy #StockPerformance #Bitcoin #MichaelSaylor #InflationHedge #ConvertibleNotes #Profitability #MarketValue #FinanceNews #BTC
According to Foresight News, Bloomberg reports that MicroStrategy's stock performance over the past two years has outpaced nearly all major US stocks, including Nvidia. The company's co-founder and chairman, Michael Saylor, made an unconventional decision four years ago to purchase Bitcoin as a hedge against inflation, resulting in a surge of over 1700%. MicroStrategy has shifted from using cash flow to issuing convertible notes to buy Bitcoin and plans to explore other funding methods for additional purchases. Saylor mentioned that he essentially borrowed money at a 1% interest rate to acquire Bitcoin.
Bloomberg anticipates that a new accounting system next year will turn the currently loss-making MicroStrategy into a profitable company. This is because Bitcoin assets will be revalued at market value, potentially leading to a net profit of $2 billion for the company next year, compared to a loss of approximately $200 million this year.#MicroStrategy #StockPerformance #Bitcoin #MichaelSaylor #InflationHedge #ConvertibleNotes #Profitability #MarketValue #FinanceNews #BTC
🚀 Federal Reserve Likely To Cut Rates By 25 Basis Points In November
#FederalReserve #RateCut #InterestRates #CME #FedWatch #Finance #Economy
According to Odaily, the CME 'FedWatch' tool indicates a 96.2% probability that the Federal Reserve will cut rates by 25 basis points in November, with a 3.8% chance of maintaining the current rate. Prior to the data release, these probabilities were 99% and 1%, respectively.
Looking ahead to December, there is a 1.1% chance that the current rate will be maintained, a 29.4% probability of a cumulative 25 basis point cut, and a 69.6% likelihood of a cumulative 50 basis point cut. Before the data release, these probabilities were 0.5%, 22.9%, and 76.6%, respectively.#FederalReserve #RateCut #InterestRates #CME #FedWatch #Finance #Economy
🚀 Bank of China Hong Kong Completes First Cross-Border Remittance Via mBridge
#BankofChina #HongKong #mBridge #crossborderremittance #automation #financialservices #corporateclients
According to Odaily, Bank of China Hong Kong (BOCHK) has announced its successful connection with the mBridge system, becoming the first commercial bank in Hong Kong to achieve this milestone. The bank has completed its first cross-border remittance for a corporate client, achieving end-to-end automation for both incoming and outgoing transactions.
BOCHK will automatically select eligible remittance transactions to be processed through the mBridge channel to the recipient bank. Additionally, it can fully automate the processing of incoming transactions via the mBridge channel. This development marks a significant step in enhancing the efficiency and speed of cross-border remittances for corporate clients.#BankofChina #HongKong #mBridge #crossborderremittance #automation #financialservices #corporateclients
🚀 🔥 Binance Co-founder Yi He Reflects on Overcoming Challenges and Sustaining Growth at Binance Blockchain Dubai 2024 🔥
#Binance #Blockchain #Dubai2024 #Cryptocurrency #Growth #Resilience #Innovation #RegulatoryCompliance #FinancialAccessibility #Success
Dubai, October 30, 2024 – During an insightful fireside chat on the first day of Binance Blockchain Dubai 2024, Co-founder Yi He discussed the toughest challenges Binance has faced and how the company remains committed to “Driving Momentum” despite obstacles in the rapidly evolving crypto space. Addressing a question from CoinMarketCap’s Alice Liu about Binance’s most challenging moments, Yi He shared reflections on organizational hurdles, industry competition, and regulatory compliance.Yi He acknowledged that, while the past year has posed significant challenges, the foundational work of building Binance was also demanding. “Breaking into the competition and continuing our growth—even as industry leaders—has been a key challenge,” she explained, underscoring Binance’s resilience and its commitment to sustaining momentum. With over 200 million users globally, Binance remains focused on building a brighter future for the crypto space and increasing financial accessibility.Navigating industry-wide regulatory and compliance challenges is another ongoing priority for Binance. Yi He noted that while such challenges are complex, Binance views them as necessary for long-term growth and trust within the ecosystem. “Many startups have fantastic beginnings, but what we strive for is growth and sustainable growth,” she emphasized. Yi He encouraged other innovators to view failure as a natural part of the journey, urging persistence and adaptability as critical to success. #Binance #Blockchain #Dubai2024 #Cryptocurrency #Growth #Resilience #Innovation #RegulatoryCompliance #FinancialAccessibility #Success
🚀 Crypto Market Analysis: BTC, ETH, And SOL Trends
#CryptoMarketAnalysis #BTC #ETH #SOL #BullRun #CryptocurrencyTrends #MarketDynamics #AllTimeHighs #PriceRecords #DeFi
According to Blockworks, the current state of the cryptocurrency market shows Bitcoin (BTC) nearing its previous price record from March. As BTC approaches this milestone, questions arise about the potential end of the bull run. Historically, BTC's price movements have often been followed by other major cryptocurrencies like Ethereum (ETH) and Solana (SOL), though not always in sync.
ETH has historically lagged behind BTC in setting new price records. For instance, during the 2017-2018 bull run, ETH reached its all-time high 27 days after BTC peaked at nearly $20,000. BTC surpassed its previous high in early December 2020, while ETH remained 60% below its record. However, ETH eventually more than doubled in value over the next 56 days, achieving a new all-time high by the end of January 2021.
This time, the scenario appears different. It has been 238 days since BTC broke its previous high from November 2021, yet ETH remains 45% below its peak. Similarly, SOL has shown a comparable performance to ETH during this period, currently standing 31% below its November 2021 record high. Both ETH and SOL have exhibited tight correlation since BTC's peak in March.
The question of whether ETH and SOL will catch up if BTC confirms a bull run remains speculative. Historically, major assets like BTC, ETH, and SOL have shown staggered recoveries between cycle tops. However, they tend to align closely when reaching new peaks. For instance, BTC and ETH hit their all-time highs on the same day nearly a year after their drawdown recoveries, while SOL peaked a few days earlier.
The analysis suggests that the end of a bull run can often be identified when major cryptocurrencies converge at their all-time highs. This pattern has been observed in previous four-year cycles, where BTC and ETH were not in lockstep during their recoveries but aligned closely at their peaks. The current market dynamics indicate that BTC, ETH, and SOL may be out of sync, which could be a bullish sign based on historical trends.#CryptoMarketAnalysis #BTC #ETH #SOL #BullRun #CryptocurrencyTrends #MarketDynamics #AllTimeHighs #PriceRecords #DeFi
🚀 Cryptocurrency Stocks Decline Following Bitcoin's Record High
#Cryptocurrency #Bitcoin #Stocks #ProShares #ETF #iShares #MarketDecline
According to BlockBeats, on October 30, cryptocurrency stocks in the U.S. market experienced a decline. This downturn occurred after Bitcoin retreated from its previous day's all-time high. Both ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust saw a 1% decrease.#Cryptocurrency #Bitcoin #Stocks #ProShares #ETF #iShares #MarketDecline
🚀 CoinDesk 20 Index Sees Decline With Mixed Performance Among Assets
#CoinDesk #Index #DigitalAssets #Cryptocurrency #MarketPerformance #Volatility #LINK #NEAR #ICP #RNDR
According to CoinDesk, the CoinDesk 20 Index experienced a decline, currently trading at 2193.25, marking a 2.2% drop (-49.13) since 4 pm on Tuesday. This index, which is traded on multiple platforms across various regions globally, reflects the performance of 20 significant digital assets.
Out of the 20 assets, four are trading higher. Among the leaders, LINK has seen a 0.9% increase, while NEAR has risen by 0.4%. On the other hand, some assets have underperformed. ICP has dropped by 5.3%, and RNDR has decreased by 4.1%. The mixed performance highlights the volatility and dynamic nature of the digital asset market.#CoinDesk #Index #DigitalAssets #Cryptocurrency #MarketPerformance #Volatility #LINK #NEAR #ICP #RNDR
🚀 Ethereum(ETH) Surpasses 2,700 USDT with a 2.52% Increase in 24 Hours
#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading #priceincrease
On Oct 30, 2024, 13:58 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,700 USDT benchmark and is now trading at 2,701.629883 USDT, with a narrowed 2.52% increase in 24 hours.#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading #priceincrease
🚀 Ondo Finance Partners With Wellington Management For Tokenized US Treasury Fund Redemption Service
#OndoFinance #WellingtonManagement #TokenizedAssets #USTreasury #RedemptionService #AssetManagement #CrossBorderTransactions
According to Odaily, Ondo Finance has announced a collaboration with Wellington Management to offer intraday redemption services for tokenized US Treasury funds. This initiative aims to ensure that tokenized assets can be effectively used as collateral and for cross-border transactions around the clock. Wellington Management, an independent asset management firm, oversees assets exceeding $1 trillion.#OndoFinance #WellingtonManagement #TokenizedAssets #USTreasury #RedemptionService #AssetManagement #CrossBorderTransactions
🚀 Fidelity Holds Nearly $30 Million Worth Of OpenAI Shares
#Fidelity #OpenAI #investment #shares #financing #BlueChipGrowthFund
According to Odaily, a document disclosed on Wednesday reveals that Fidelity holds shares in OpenAI valued at nearly $30 million. The exact number of shares Fidelity owns in OpenAI remains unclear. Additionally, Fidelity participated in OpenAI's $6.6 billion financing through its Blue Chip Growth Fund.#Fidelity #OpenAI #investment #shares #financing #BlueChipGrowthFund
🚀 Russia to Restrict Cryptocurrency Mining in Energy-Scarce Regions
#Russia #Cryptocurrency #Mining #EnergyShortages #DigitalCurrency #EnergyRegions #Regulations
According to Foresight News, Russia's Deputy Minister of Energy has announced that due to ongoing energy shortages, the country will limit cryptocurrency mining in certain regions. The affected areas include the Far East, southwestern Siberia, and southern regions where power resources are limited. These energy shortages are expected to persist until 2030, making large-scale mining operations difficult to sustain.
Previously, Russian President Vladimir Putin signed a law regulating the circulation of digital currencies, which will come into effect on November 1. This law grants the Russian government the authority to prohibit digital currency mining in specific regions or individual territories and to determine the procedures and cases for implementing such restrictions.#Russia #Cryptocurrency #Mining #EnergyShortages #DigitalCurrency #EnergyRegions #Regulations
🚀 Analysts Uncover Rampant Wash Trading on Polymarket
#Polymarket #WashTrading #Blockchain #MarketManipulation #ChaosLabs #IncaDigital #TradingVolume #ElectionMarket
According to Odaily, analysts from blockchain companies Chaos Labs and Inca Digital have identified widespread wash trading on Polymarket. Despite the platform's odds being widely shared on social media and mainstream media, the analysts discovered signs of fake trading activities. Wash trading, a form of market manipulation, involves simultaneous and repeated buying and selling to create the illusion of trading volume and activity.
Chaos Labs revealed that approximately one-third of the trading volume in Polymarket's presidential election market is attributed to fake trades. Inca Digital also found that a significant portion of the market's trading volume could be due to potential wash trading.#Polymarket #WashTrading #Blockchain #MarketManipulation #ChaosLabs #IncaDigital #TradingVolume #ElectionMarket
🚀 Google Delays Launch Of Project Astra AI Technology
#Google #ProjectAstra #AItechnology #multimodalAI #SundarPichai #I/O2024 #AIsolutions #generativeAI #technews
According to TechCrunch, Google will not release technology from Project Astra, its initiative to develop AI applications and agents for real-time, multimodal understanding, until at least next year. Google CEO Sundar Pichai disclosed this timeline during the company's Q3 earnings call on Tuesday. He mentioned that Google is working on creating experiences where AI can perceive and reason about the world, with Project Astra being a preview of that future. The company aims to launch such experiences by 2025.
Project Astra, which was showcased at Google's I/O developer conference in May 2024, includes various technologies. These range from smartphone apps that can recognize their surroundings and answer related questions to AI assistants capable of performing tasks on behalf of users. During a prerecorded demo at I/O, Google demonstrated a Project Astra prototype that could answer questions about objects within the view of a smartphone's camera, such as identifying a neighborhood or naming a part on a broken bicycle.
Earlier this month, The Information reported that Google planned to introduce a consumer-focused agent experience as early as December, which could handle tasks like purchasing products and booking flights. However, this now appears unlikely unless the experience is separate from Project Astra. Meanwhile, Anthropic has become one of the first companies to develop a large generative AI model capable of controlling apps and web browsers on a PC, though it still faces challenges with many basic tasks.#Google #ProjectAstra #AItechnology #multimodalAI #SundarPichai #I/O2024 #AIsolutions #generativeAI #technews