Chicago Fed President Goolsbee Praises Jobs Report, Hints at Potential Rate Cuts
Chicago Federal Reserve President Austan Goolsbee has praised the recent nonfarm payrolls report and expressed optimism about the economy reaching full employment with low inflation. Goolsbee also highlighted signs of a cooling labor market and hinted at potential "substantial" rate cuts over the next 12 to 18 months, aligning with many policymakers' expectations.
Hong Kong Licenses HKVAX as Third Retail Crypto Exchange
Hong Kong Virtual Asset Exchange (HKVAX) has received full licensing from the Securities and Futures Commission (SFC) to operate as a retail crypto exchange. It is the first under the new licensing regime, offering services like over-the-counter trading and tokenization. Sixteen more exchanges are awaiting licensing decisions. Retail crypto trading began in Hong Kong in August 2023.
US Bitcoin Spot ETF Reports Strong Inflows and Trading Volume
The US BTC Spot ETF recorded a daily net inflow of $25.59 million , contributing to a cumulative net inflow of $18.50 billion. Total value traded was $1.19 billion, while total net assets reached $57.73 billion, representing 4.68% of the Bitcoin market cap.
Its performance will depend heavily on upcoming regulatory decisions and market trends as the year progresses.
It will be interesting to see how it develops further in Q4.
Airdrops in the Barren Desert: Examining Traits Behind 2024's 11% Success Rate
Airdrop Analysis: Maximizing Returns and Key Factors for Success
Selling on day one often maximizes returns, as 85% of airdropped tokens decline in value over time. In 2024, Solana led in airdrops, with projects like WEN and JUP standing out. Effective FDV management and liquidity provision are crucial for stability, while inflated FDVs and inadequate liquidity lead to price declines. Long-term growth relies on balanced strategies.
Of the 62 airdrops analyzed, only 8 had positive returns after 90 days—4 on Ethereum and 4 on Solana. Solana had a 25% success rate, while Ethereum had 14.8%. The worst performance in airdrops was observed on chains like BNB, Starknet, Arbitrum, Merlin, Blast, Mode, and ZkSync, where no projects had positive returns after the analysis.
US Ethereum Spot ETF Shows Negative Net Inflow
The US Ethereum Spot ETF reported a daily net outflow of $3.20 million , contributing to a cumulative net outflow of $561.05 million. The total value traded amounted to $115.66 million, with net assets recorded at $6.44 billion, representing 2.28% of Ethereum's market cap.
Visa Launches Tokenized Asset Platform for Digital Asset Management
Visa has introduced the Visa Tokenized Asset Platform (VTAP) to facilitate the issuance and management of digital assets, including stablecoins and central bank digital currencies (CBDCs). VTAP aims to support institutional investors and central banks by providing an infrastructure for minting, transferring, and settling digital assets across various blockchains. Currently in a sandbox phase, VTAP is expected to enter a live pilot with select customers in 2025, with a focus on blockchain interoperability to bridge traditional finance with decentralized finance.
Bybit Introduces USDT-Based Indices Trading
Bybit announced the introduction of major indices trading using USDT, including China A50 Index Cash CFD (USD), Dow Jones Index Cash CFD (USD), NAS100 Cash, Nikkei Index Cash CFD (JPY), and Hang Seng Index Cash CFD (HKD). This new feature expands trading opportunities for users seeking exposure to global indices.
Ozean Integrates with LayerZero for Cross-Chain Liquidity
Ozean has integrated with LayerZero to unlock liquidity for Real World Assets (RWAs) across DeFi. This integration allows Ozean's stablecoins ($USDX, $ozUSD) to be accessed across EVM Layer 2 chains and Solana, enhancing liquidity and flexibility for RWAs. The collaboration aims to address the cross-chain limitations that have hindered RWA growth.
https://x.com/ClearpoolFin/status/1841100931443933514
Bitcoin ETF Market Sees Continued Outflows Amid Market Uncertainty
Bitcoin ETFs recorded a daily net outflow of $91.76 million , with total net assets reaching $55.85 billion. Major funds like IBIT and GBTC saw negative inflows, while FBTC reported a positive inflow of $21.08 million. Negative inflows indicate caution among investors amid ongoing market fluctuations.
Meanwhile linea and it's token. They have milked everything how much more they want to milk 😂😂
Читать полностью…$OM Shows Strong Recovery Amid Market Fluctuations
$OM has demonstrated significant resilience, surpassing its pre-dump price from yesterday. The token is currently ranked #63 on CoinMarketCap and leads in the RWA category, with expectations to enter the top 50 soon. Analysts believe that the RWA narrative will drive bullish trends during this altseason, potentially leading to new all-time highs for $OM.
Bitwise Files XRP ETF Application in Delaware
Bitwise has filed an application for an XRP exchange-traded fund (ETF) in Delaware. The filing could be part of early preparations, and no immediate SEC application is expected. The move follows Ripple's partial legal victory over the SEC, where a judge ruled XRP is not a security when sold on public exchanges.
Bitcoin Spot ETF Market Update
Bitcoin spot ETFs experienced a total net outflow of $243 million, marking the first net outflow after eight days of net inflows. Fidelity's FBTC reported an outflow of $144 million, while ARKB had an outflow of $84.35 million. Meanwhile, BlackRock's ETF IBIT saw a net inflow of $40.835 million.
Pike raised 6.5 m usd and provided 10k as liquidty
Height of this scammers pretending to be team lol
https://www.theblock.co/post/318913/investors-upset-at-pike-finances-token-launch-over-liquidity-shortfall
Founder of IcomTech Sentenced to 10 Years for Crypto Ponzi Scheme
David Carmona, the founder of IcomTech, has been sentenced to 10 years in prison for conspiracy to commit wire fraud. The scheme, which promised profits from crypto trading and mining, netted $8.4 million from victims between 2018 and 2019. Lavish events were used to lure investors, but the promised profits never materialized, leading to significant losses.
US ETH Spot ETF Sees Cumulative Net Outflows Despite Daily Inflows
The US ETH Spot ETF reported a daily net inflow of $7.39 million, though cumulative net inflows remain negative at -$553.66 million. The total value traded reached $148.01 million, and total net assets were $6.66 billion, representing 2.28% of Ethereum’s market cap. Despite daily positive inflows, cumulative data reflects ongoing challenges for the ETF in the Ethereum market.
When people win it's because they are smart. When they loose it's some one else 😂😂😂😂 lol
Man Sues Investment Firm After Turning $88K into $415M with Tesla Options, Then Losing It All.
Christopher DeVocht turned an initial investment of $88,000 into $415 million through Tesla options trading but lost it all when the stock's value plummeted in 2022. He claims RBC Dominion Securities failed to provide adequate risk management advice, leading to his portfolio's collapse. DeVocht is suing for damages, alleging that better guidance could have preserved his wealth.
PayPal and Ernst & Young Complete First Corporate Payment Using PYUSD Stablecoin
PayPal has made its first business payment using PYUSD, its USD-pegged stablecoin, to Ernst & Young via SAP's digital currency hub. This transaction demonstrates stablecoin utility for corporate instant payments. Launched in August 2023, PYUSD is backed by US dollar deposits and US Treasurys, with a market cap of $699 million, ranking it eighth among stablecoins.
US Bitcoin Spot ETF Sees Decline in Daily Net Inflow
The US Bitcoin Spot ETF recorded a daily net outflow of $54.13 million , while the cumulative net inflow remained at $18.47 billion. Total value traded reached $1.13 billion, and net assets accounted for $56.31 billion, representing 4.69% of Bitcoin's market cap.
SWIFT to Launch Digital Asset Trials with Banks in 2025
SWIFT announced that banks in North America, Europe, and Asia will join digital asset trials in 2025, aiming to unify fragmented digital asset landscapes. The trials will explore multi-currency and asset transactions for payments, foreign exchange, securities, and trade. SWIFT aims to bridge traditional and digital value systems, enabling seamless transactions across asset classes.
Binance Updates Monitoring and Seed Tags for Selected Tokens
On October 3, Binance will extend the Monitoring Tag to include Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE), while removing the Seed Tag for Pendle (PENDLE) and Sei (SEI). Tokens with the Monitoring Tag are subject to greater volatility and risk, and Binance periodically reviews them for potential delisting.
Ethereum ETF Market Shows Mixed Investor Sentiment
Ethereum ETFs saw a daily net inflow of $14.45 million on October 2nd, signaling some investor confidence. However, cumulative net outflows remain at $557.86 million, reflecting broader concerns. Grayscale's ETHE reported a net outflow of $5.40 million, while BlackRock's ETHA gained $18.04 million. Total net assets for Ethereum ETFs stand at $6.51 billion.
1.)Ripple receives in-principle license approval in Dubai.
https://cointelegraph.com/news/ripple-in-principle-license-dubai-dfsa-cross-border-payments
2.)Malaysia steps up its AI game with regulations and cloud computing policy.
https://cointelegraph.com/news/malaysia-steps-up-its-ai-game-with-regulations-and-cloud-computing-policy
3.)Kraken to end Monero support in European Economic Area.
https://cointelegraph.com/news/kraken-ends-monero-support-european-economic-area
Crypto Industry Shocked: North Korean Agents Infiltrate Top Blockchain Firms!
In a investigation, CoinDesk uncovered that over a dozen crypto companies unknowingly hired North Korean IT workers using fake identities. Major players like Fantom, Sushi, and Yearn Finance were caught off guard, facing both security breaches and international legal trouble. Shocking evidence reveals hackers even funneled earnings straight back to Pyongyang.
Web3 Dex Pro Campaign: Voting Points and Rewards Enhanced
Voting Points can be earned by trading on Web3 Dex Pro, potentially increasing lucky draw chances by up to 200%. Participants are encouraged to follow, trade, and share for a chance to win in the campaign.
https://x.com/bitsmiley_labs/status/1841085393296638315
Bitcoin and Ethereum Drop Amid Middle East Tensions
Bitcoin fell below $61,000 and Ethereum dropped below $2,500 due to ongoing tensions in the Middle East. In the last 24 hours, 155,000 accounts were liquidated, totaling $533 million, with $451 million from long orders. The largest single liquidation was on Binance, involving a BTCUSDT order worth $12.66 million.
Ethereum Spot ETFs Record $48.52M Net Outflow
Ethereum spot ETFs recorded a total net outflow of $48.52 million. The Grayscale Ethereum Trust (ETHE) had an outflow of $26.64 million, while the Fidelity Ethereum ETF (FETH) saw an outflow of $24.97 million.
Sui Bridge Launches on Mainnet for Asset Transfer Between Sui and Ethereum
The Sui Foundation has launched the Sui Bridge on Mainnet, providing a native solution for moving assets between Ethereum and Sui. The bridge supports ETH and WETH transfers and aims to enhance interoperability between ecosystems. The Sui Bridge allows trust-minimized asset transfers, secured by Sui's validators, with further asset and functionality support expected in the future.
https://blog.sui.io/sui-bridge-launches-on-mainnet/