🚀 Stablecoin Market Cap Surpasses $170 Billion, Highest Since November 2022
#Stablecoin #MarketCap #Blockchain #Cryptocurrency #USDT #Defi
According to BlockBeats, data from DefiLlama reveals that the total market capitalization of stablecoins has exceeded $170 billion, currently standing at $170.29 billion. This marks the highest level since November 2022. Over the past seven days, the market cap has increased by 0.52%, with USDT accounting for 69.54% of the total market share.#Stablecoin #MarketCap #Blockchain #Cryptocurrency #USDT #Defi
🚀 UAE Financial Authorities Announce Agreement on Virtual Asset Supervision
#UAE #VirtualAssets #VASPs #SCA #VARA #Regulation #FinancialAuthorities #Crypto #Supervision #Dubai
According to Odaily, the United Arab Emirates' Securities and Commodities Authority (SCA) and Dubai's Virtual Assets Regulatory Authority (VARA) have announced an agreement that will enable mutual supervision of virtual asset service providers (VASPs) within the country. Under this agreement, VASPs operating in Dubai and seeking VARA licensing will automatically be registered with the SCA, allowing them to serve the broader UAE market. However, the SCA clarified that VASPs wishing to operate in emirates outside of Dubai must still obtain permission from the respective regulatory authorities.#UAE #VirtualAssets #VASPs #SCA #VARA #Regulation #FinancialAuthorities #Crypto #Supervision #Dubai
🚀 Hong Kong Legislator Advocates Financial Sector Transformation
#HongKong #FinancialSector #Transformation #Diversification #CapitalMarket #SecuritiesMarket #FinancialServices #VirtualAssets #FuturesExchange #FinancialTechnology #AssetManagement #GreenFinance #Web3 #Innovation
According to Odaily, Hong Kong Legislative Council member Lee Wai-hung has consolidated opinions from the financial services sector to explore ways to accelerate upgrades and promote diversified financial development. He emphasized that the Hong Kong Special Administrative Region (HKSAR) government should fully promote the diversification of the capital market. In addition to developing the securities market, efforts should also be made to actively explore other financial service areas, including derivatives and virtual assets.
Lee Wai-hung also suggested that the Hong Kong Futures Exchange should implement 23-hour trading as soon as possible and expand more virtual asset options and futures derivatives. To assist the industry in upgrading and transforming, Lee recommended that the HKSAR government actively help the industry introduce financial technology. This would promote brokers to develop towards high-quality directions such as asset management, green finance, virtual assets, and Web3.0, making their services more diversified, increasing revenue capabilities, and fostering new thinking and innovative operating models. Accelerating the upgrade and transformation of the financial services industry would help overcome the challenges currently faced by traditional business models.#HongKong #FinancialSector #Transformation #Diversification #CapitalMarket #SecuritiesMarket #FinancialServices #VirtualAssets #FuturesExchange #FinancialTechnology #AssetManagement #GreenFinance #Web3 #Innovation
🚀 German State Issues €50 Million Commercial Paper Using Blockchain Platform
#Germany #SaxonyAnhalt #CommercialPaper #Blockchain #DeutscheBörse #Clearstream #DLT #EuropeanCentralBank #WholesaleSettlement #Target2
According to Odaily, the Ministry of Finance of Saxony-Anhalt in Germany has issued €50 million worth of commercial paper using Deutsche Börse's Clearstream D7 platform. This issuance is part of the European Central Bank's wholesale DLT settlement experiment. Jens Hachmeister from Clearstream stated that the transaction was settled using the German central bank's trigger payment solution. The trigger solution is designed to interoperate with blockchain to support DLT payments, triggering payments on the TARGET2 real-time gross settlement system.#Germany #SaxonyAnhalt #CommercialPaper #Blockchain #DeutscheBörse #Clearstream #DLT #EuropeanCentralBank #WholesaleSettlement #Target2
🚀 Matter Labs Appoints Meghan Hughes As Chief Marketing Officer
#MatterLabs #MeghanHughes #ChiefMarketingOfficer #ZKsync #SolanaFoundation #Marketing #TechIndustry
According to Odaily, Matter Labs, the development company behind ZKsync, has announced the appointment of Meghan Hughes as its new Chief Marketing Officer. Hughes previously served as the Vice President of Marketing at the Solana Foundation. Her extensive career includes roles at prominent companies such as Google, Facebook, Niantic, and Stripe.#MatterLabs #MeghanHughes #ChiefMarketingOfficer #ZKsync #SolanaFoundation #Marketing #TechIndustry
🚀 August CPI Report May Influence Interest Rate Decisions
#CPI #InterestRateDecisions #Inflation #EconomicPolicy #InvestmentStrategies #JPMorgan #JohnHancock #GlobalInvestments #InterestRateCut
According to Odaily, investment strategists Elyse Ausenbaugh from JPMorgan Wealth Management and Emily Roland from John Hancock Investment Management have indicated that the August Consumer Price Index (CPI) report could be a significant factor in economic decision-making. Keith Buchanan, a senior portfolio manager at Global Investments managing $2.5 billion in assets, stated that the August CPI report will either confirm or refute the expectation of a 50 basis point interest rate cut, which would be the largest cut in a long time. Buchanan noted that as inflation decreases, interest rates become increasingly restrictive, so lowering the target rate by 50 basis points may not necessarily shift policy to a fully accommodative stance.#CPI #InterestRateDecisions #Inflation #EconomicPolicy #InvestmentStrategies #JPMorgan #JohnHancock #GlobalInvestments #InterestRateCut
🚀 Bitcoin Miners Sell Over 30,000 BTC Worth $1.71 Billion in 72 Hours
#Bitcoin #BTC #Crypto #BitcoinMiners #MarketDynamics #PriceStability #SellOff
According to Odaily, on-chain data reveals that Bitcoin miners have sold more than 30,000 BTC in the past 72 hours. The total value of these transactions is approximately $1.71 billion. This significant sell-off has caught the attention of the cryptocurrency community, as it may impact Bitcoin's market dynamics and price stability.#Bitcoin #BTC #Crypto #BitcoinMiners #MarketDynamics #PriceStability #SellOff
🚀 EU To Finalize Stablecoin Regulations By Year-End
#EU #stablecoin #regulations #Tether #Circle #EuropeanBankingAuthority #EBA #EuropeanCommission #ESMA #financialstandards #cryptocurrency
According to Odaily, a spokesperson for the European Banking Authority (EBA) has indicated that standards governing how stablecoin issuers like Tether and Circle operate within the European Union (EU) are likely to be finalized by the end of the year. These standards are part of 15 technical standards submitted by the EBA to the European Commission, developed in collaboration with the European Securities and Markets Authority (ESMA). The Commission is currently reviewing these standards and will decide whether to adopt the text as is or request modifications. The standards address issues such as authorization, stress testing, and methods for estimating transaction volume and value.#EU #stablecoin #regulations #Tether #Circle #EuropeanBankingAuthority #EBA #EuropeanCommission #ESMA #financialstandards #cryptocurrency
🚀 US August Core CPI Adjusted Monthly Rate Exceeds Expectations
#US #CoreCPI #ConsumerPriceIndex #Inflation #EconomicData #Finance
According to Odaily, the United States' core Consumer Price Index (CPI) for August, adjusted for seasonal variations, increased by 0.3%. This figure surpasses the anticipated 0.20% and the previous month's rate of 0.20%.#US #CoreCPI #ConsumerPriceIndex #Inflation #EconomicData #Finance
🚀 Hacker Steals Over $1.4 Million From CUT Token Liquidity Pool
#Hacker #CUTToken #LiquidityPool #BowsCoin #SyntheticUSD #CertiKAlert #Exploitation #Cryptocurrency #Scam #Blockchain
According to Odaily, on September 10, a hacker stole more than $1.4 million worth of Bows Coin synthetic USD (BSC-USD) from the CUT token liquidity pool. The incident was detected by CertiK Alert. It has been reported that the CUT token contract relies on a separate, unverified contract to set its 'future earnings' parameter. This separate contract was exploited through an unknown method to siphon off the BSC-USD.#Hacker #CUTToken #LiquidityPool #BowsCoin #SyntheticUSD #CertiKAlert #Exploitation #Cryptocurrency #Scam #Blockchain
🚀 US August CPI Falls to Lowest Level Since February 2021
#CPI #USInflation #ConsumerPriceIndex #EconomicData #MarketExpectations #August2023 #InflationRate
According to BlockBeats, the United States' Consumer Price Index (CPI) for August, unadjusted for seasonal variations, recorded an annual rate of 2.5%. This marks the fifth consecutive month of decline and the lowest level since February 2021. The figure came in below market expectations, which had anticipated a rate of 2.6%.#CPI #USInflation #ConsumerPriceIndex #EconomicData #MarketExpectations #August2023 #InflationRate
🚀 FOMC Members Concerned About Rapid Policy Shift, Oppose Rate Cut
#FOMC #MonetaryPolicy #RateCut #InterestRates #Economy #LaborMarket #CoreData
According to Odaily, some members of the Federal Open Market Committee (FOMC) are worried about the potential consequences of a rapid or decisive shift in monetary policy. These members are expected to strongly oppose a 50 basis point rate cut next week. Additionally, Steve Sosnick, Chief Strategist at Interactive Brokers, noted that the higher-than-expected core data is not what traders were hoping for. He emphasized that this is the second consecutive instance of labor cost data exceeding expectations, with actual average hourly and weekly earnings rising more than anticipated.#FOMC #MonetaryPolicy #RateCut #InterestRates #Economy #LaborMarket #CoreData
🚀 Higher Than Expected US Core Inflation Data May Impact Fed Rate Cut Decision
#USCoreInflation #FederalReserve #RateCut #InflationConcerns #FinancialMarkets
According to Odaily, higher than expected US core inflation data is likely to influence the Federal Reserve's decision on a 50 basis point rate cut scheduled for next Wednesday. The current focus is on the core monthly rate data, which tends to heighten concerns about persistent inflation.#USCoreInflation #FederalReserve #RateCut #InflationConcerns #FinancialMarkets
🚀 Bitcoin's Weekly MACD Shows Bearish Signal Despite Bull Flag Pattern
#Bitcoin #MACD #BearishSignal #BullFlag #Cryptocurrency #MarketAnalysis #BullishSentiment #PriceAction #TechnicalAnalysis #Blockchain #BTC
According to BlockBeats, an analysis published by Coindesk on September 11 reveals that Bitcoin's weekly MACD has been negative since April, occasionally signaling the strongest bearish trend since 2022. However, Bitcoin's price has remained within a slightly downward-sloping channel between $50,000 and $70,000, forming a 'bull flag' pattern rather than a sharp decline, which contradicts the ongoing MACD signal.
Global chart pattern expert Thomas N. Bulkowski typically defines a 'bull flag' pattern as a consolidation period characterized by a slightly downward-sloping channel following a steep upward trend. This pattern usually precedes a rise to higher levels, continuing the previous upward trend.
Indicator data shows that since late April, the MACD has consistently been bearish. Combined with the flag price pattern, this suggests underlying bullish sentiment beneath the surface price action. This indicates that sellers have failed to establish a strong downward trend, even during the panic sell-off in early August, which only suppressed the price to between $55,000 and $50,000. The prolonged weakness of sellers implies that a sudden bull market resurgence and price increase may be imminent.#Bitcoin #MACD #BearishSignal #BullFlag #Cryptocurrency #MarketAnalysis #BullishSentiment #PriceAction #TechnicalAnalysis #Blockchain #BTC
🚀 CPI Data Release Impacts Dollar Index and Bitcoin Prices
#CPI #DollarIndex #Bitcoin #USD #StockMarket #FederalReserve #InterestRates #MarketData
According to BlockBeats, market data on September 11 indicated that the release of the Consumer Price Index (CPI) data led to a short-term increase of over 20 points in the U.S. Dollar Index (DXY), which is now reported at 101.67. Concurrently, Bitcoin experienced a brief decline of approximately 0.7%, currently trading at $56,558.
In addition, the futures of the three major U.S. stock indices saw a short-term drop. The Dow Jones Industrial Average futures are currently down by 0.66%, while the S&P 500 and Nasdaq futures have decreased by 0.45%.
Following the CPI data release, traders have reduced their bets on a Federal Reserve interest rate cut. Currently, traders anticipate that the Federal Reserve will cut interest rates by 25 basis points next week, with a total reduction of 100 basis points expected for the year.#CPI #DollarIndex #Bitcoin #USD #StockMarket #FederalReserve #InterestRates #MarketData
🚀 Prometheum Expands Custody Services to Institutional Clients
#Prometheum #CustodyServices #InstitutionalClients #Ethereum #Uniswap #Arbitrum #Optimism #TheGraph #DigitalAssets #TokenManagement #SecureCustody #OP #GRT
According to Foresight News, U.S.-registered securities firm Prometheum has opened its custody services to institutional clients. The company currently accepts Ethereum (ETH), Uniswap (UNI), and Arbitrum (ARB) from institutional clients. Additionally, Prometheum has added two more tokens to its custody offerings: Optimism (OP) and The Graph (GRT).
Prometheum plans to expand its services further by providing trading and settlement services in the near future. This move aims to cater to the growing demand for secure and reliable custody solutions among institutional investors. The inclusion of new tokens like Optimism and The Graph reflects Prometheum's commitment to broadening its asset support and enhancing its service offerings.
The expansion of custody services is a significant step for Prometheum as it seeks to establish itself as a key player in the digital asset space. By offering a wider range of tokens and planning to introduce trading and settlement services, Prometheum aims to meet the evolving needs of institutional clients and provide them with comprehensive solutions for their digital asset management.#Prometheum #CustodyServices #InstitutionalClients #Ethereum #Uniswap #Arbitrum #Optimism #TheGraph #DigitalAssets #TokenManagement #SecureCustody #OP #GRT
🚀 Bitcoin(BTC) Surpasses 57,000 USDT with a Narrowed 0.18% Decrease in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #trading #marketdata
On Sep 11, 2024, 13:05 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 57,000 USDT benchmark and is now trading at 57,000.980469 USDT, with a narrowed narrowed 0.18% decrease in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #trading #marketdata
🚀 Dune Integrates Over 50 Polkadot Parachains for Enhanced Analysis
#Dune #Polkadot #parachains #analytics #API #data #blockchain #developers #investors #DOT
According to Odaily, on-chain analytics platform Dune has announced the integration of more than 50 parachains from the Polkadot ecosystem. This expansion aims to provide developers, investors, and data enthusiasts with comprehensive insights and analysis.
In addition to the integration, Dune has enhanced its functionality through the Dune API, allowing users to convert any query into a flexible API endpoint. This feature enables developers and analysts to seamlessly incorporate Dune's data into their own applications.#Dune #Polkadot #parachains #analytics #API #data #blockchain #developers #investors #DOT
🚀 Hyperbridge Secures $2.5 Million Seed Funding to Enhance Web3 Ecosystem
#Hyperbridge #Web3 #SeedFunding #Blockchain #Polkadot #DApps #Decentralization #Scalability #Efficiency #DOT
According to Odaily, blockchain technology company Hyperbridge has successfully raised $2.5 million in a seed funding round. The investment was led by the Web3 Foundation and Scytale Digital. Hyperbridge aims to leverage Polkadot's architecture to unlock new possibilities for decentralized applications (DApps) and improve the scalability and efficiency of the Web3 ecosystem.#Hyperbridge #Web3 #SeedFunding #Blockchain #Polkadot #DApps #Decentralization #Scalability #Efficiency #DOT
🚀 North Korean Hacker Group Lazarus May Target US Bitcoin ETF, Experts Warn
#NorthKorea #LazarusGroup #Hacker #BitcoinETFs #Cybersecurity #Cybercriminals #InvestmentRisk #FinancialSecurity #ETFVulnerabilities #SuperHacker
According to Odaily, cybersecurity experts have issued a warning that the notorious North Korean hacker group, Lazarus Group, may be eyeing US Bitcoin ETFs as their next target. Michael Pearl, Vice President of GTM Strategy at Cyvers, highlighted that the potential for substantial returns could attract hackers to focus on US Bitcoin ETFs. Data from Dune indicates that US ETFs currently hold Bitcoin valued at $52.1 billion, making them an enticing target for cybercriminals.
Pearl emphasized that not only ETF providers but all associated companies could be at risk of attacks. He stressed the urgency of addressing ETF vulnerabilities to prevent a potential 'super hacker' incident. The cybersecurity community is on high alert, urging rapid action to mitigate these risks and protect the substantial assets held within US Bitcoin ETFs.#NorthKorea #LazarusGroup #Hacker #BitcoinETFs #Cybersecurity #Cybercriminals #InvestmentRisk #FinancialSecurity #ETFVulnerabilities #SuperHacker