🚀 Gold Prices Surge Amid Economic Factors, Says Peter Schiff
#GoldPrices #PeterSchiff #EconomicFactors #FederalReserve #GoldMiningStocks #Inflation #NationalDebt #InterestRates #MarketTrends #InvestmentStrategies
According to Odaily, economist and gold advocate Peter Schiff highlighted the significant rise in gold prices this week through multiple posts on X. On Friday, Schiff stated, 'Gold is experiencing one of its best years ever, with gains exceeding 26%, poised to surpass the 32% increase seen in 2007.' This surge follows the Federal Reserve's 50 basis point rate cut on Wednesday, the first such reduction in over four years. Schiff also mentioned that gold 'is set to have its best year since 1979, when prices soared by 126%.'
Schiff pointed out that despite gold's strong performance, many traders quickly sell off gold mining stocks at the slightest dip in prices. 'If a $40 increase in gold prices leads to a 2% rise in gold mining stocks, a $5 drop can result in losing half of those gains,' he explained. He further added, 'So far in 2024, gold prices have risen by more than $540, marking the largest dollar increase in history. This has occurred in a year marked by soaring national debt and the Federal Reserve cutting already low interest rates, despite inflation rates being well above the 2% target and trending upwards. This is no coincidence.'#GoldPrices #PeterSchiff #EconomicFactors #FederalReserve #GoldMiningStocks #Inflation #NationalDebt #InterestRates #MarketTrends #InvestmentStrategies
🚀 Riccardo Spagni Launches Tari Universe Mining App
#RiccardoSpagni #TariUniverse #cryptocurrency #mining #ASICresistant #blockchain #Monero #technology #accessibility #empowerment #fraud #forgery #SouthAfrica #extradition
According to Odaily, Riccardo 'Fluffypony' Spagni, the former lead maintainer of the privacy blockchain Monero, has introduced a new mining application called Tari Universe. This application aims to democratize cryptocurrency mining by utilizing an ASIC-resistant hashing algorithm, allowing users to mine using standard computers.
Following the recent launch, Spagni expressed his goal of making mining more accessible to everyone. 'We want to create an experience where the technology gradually fades into the background. Tari Universe is about empowering users rather than suppressing them,' he stated. Despite promoting this L1 protocol, Spagni faces fraud and forgery charges from his former employer, Cape Cookies. A report by Mybroadband in June revealed that Spagni allegedly defrauded Cape Cookies of approximately $83,400 between October 1, 2009, and June 8, 2011. However, South African authorities only took action in August 2021, requesting U.S. authorities to arrest him.
Since his arrest and subsequent extradition to South Africa, Spagni has maintained his innocence and sought to have the arrest warrant dismissed. Nonetheless, the South African Supreme Court of Appeal has denied this request.#RiccardoSpagni #TariUniverse #cryptocurrency #mining #ASICresistant #blockchain #Monero #technology #accessibility #empowerment #fraud #forgery #SouthAfrica #extradition
🚀 ETH ETF Liquidity Remains Weak With Significant Outflows
#ETH #ETF #Liquidity #Outflows #Deribit #Grayscale #BlackRock #MarketSentiment #FearIndex #Cryptocurrency
According to Odaily, Lin Chen, Deribit's Head of Business for the Asia-Pacific region, stated on X that the liquidity for ETH ETFs remained weak this week, with a net outflow totaling $26.2 million, equivalent to a reduction of 11,461.21 ETH.
The primary driver of this week's sell-off continued to be ETHE. Apart from Grayscale's Mini ETF and three increases by BlackRock, other ETF holdings remained unchanged. However, the negative news has largely been absorbed, leading to improved market sentiment, as indicated by the fear index rising to 52. Consequently, the price of ETH has rebounded, surpassing the $2,600 mark.#ETH #ETF #Liquidity #Outflows #Deribit #Grayscale #BlackRock #MarketSentiment #FearIndex #Cryptocurrency
🚀 BTC ETF Sees Increased Inflows This Week
#BTC #ETF #inflows #BlackRock #Fidelity #cryptocurrency #investment
According to Odaily, Lin Chen, Deribit's Head of Business for the Asia-Pacific region, shared on X that the Bitcoin ETF continued to experience net inflows this week, except for Wednesday, which saw net outflows. The overall trend is similar to last week, but with increased purchasing power. The total net inflow for the week reached $397.1 million, with an addition of 6,578.89 BTC.
BlackRock recorded a net inflow of 267.34 BTC on Monday over the past ten days, with no changes in position for the remaining days. Meanwhile, Fidelity has maintained a consistent net inflow recently.#BTC #ETF #inflows #BlackRock #Fidelity #cryptocurrency #investment
🚀 Bitcoin Wallet Activated After 14.2 Years of Dormancy
#Bitcoin #Wallet #Dormancy #BTC #Cryptocurrency #Activation #Odaily
According to Odaily, a Bitcoin wallet containing 50 BTC, valued at approximately $3,155,587, was activated today at 5:28:33 AM UTC+8. This wallet had been dormant for 14.2 years before this activation.#Bitcoin #Wallet #Dormancy #BTC #Cryptocurrency #Activation #Odaily
🚀 Hivemapper Sells Data To Major Global Map Makers
#Hivemapper #DecentralizedMapping #Solana #DataSales #MapManufacturers #Funding #MulticoinCapital #SolanaBreakpoint2024 #SOL
According to Odaily, decentralized mapping network Hivemapper, part of the Solana ecosystem, announced at the Solana Breakpoint 2024 conference that it is currently selling data to three of the world's top ten map manufacturers.
In April 2022, Hivemapper revealed it had secured $18 million in funding, led by Multicoin Capital. The funding round also saw participation from Solana's founder, former Apple Maps executives, and the CEO of Helium.#Hivemapper #DecentralizedMapping #Solana #DataSales #MapManufacturers #Funding #MulticoinCapital #SolanaBreakpoint2024 #SOL
🚀 Solana Ecosystem Project Streamflow to Launch Token in October
#Solana #Streamflow #TokenLaunch #Decentralization #Ecosystem #SOL
According to Odaily, Solana ecosystem project Streamflow is set to launch its token in October. The project also plans to release its V2 version in the coming weeks to achieve platform decentralization.#Solana #Streamflow #TokenLaunch #Decentralization #Ecosystem #SOL
🚀 Elon Musk's X Platform Complies With Brazilian Supreme Court Order
#ElonMusk #XPlatform #BrazilianSupremeCourt #SocialMedia #LegalCompliance #CourtOrder #Twitter
According to PANews, after three weeks of defying the Brazilian Supreme Court's order, Elon Musk, CEO of the social media platform X (formerly known as Twitter), has finally made a significant concession. On September 20, local time, the company's lawyers stated in a court document that the X platform has complied with the relevant orders of the Brazilian Supreme Court and hopes the court will lift the ban on the X platform within Brazil. The New York Times reports that the Brazilian Supreme Court may lift the ban on the X platform as early as next week.#ElonMusk #XPlatform #BrazilianSupremeCourt #SocialMedia #LegalCompliance #CourtOrder #Twitter
🚀 Bitcoin Reserves on Exchanges Decrease Significantly Over Past 60 Days
#Bitcoin #BTC #Cryptocurrency #Exchanges #BitcoinReserves #MarketTrends
According to Odaily, Bitcoin (BTC) is experiencing a significant outflow from exchanges. Over the past 60 days, the reserves of BTC on exchanges have decreased by nearly 100,000 coins (98,832 coins). As of the time of reporting, the total BTC reserves on exchanges stand at 2,345,211 coins.#Bitcoin #BTC #Cryptocurrency #Exchanges #BitcoinReserves #MarketTrends
🚀 Cultural Finance Market Trends Highlighted At Beijing Forum
#CulturalFinance #MarketTrends #BeijingForum #CulturalIndustry #Investment #Financing #Bonds #MergersAndAcquisitions #PrivateEquity #EmergingSectors #ArtificialIntelligence #VirtualReality #Metaverse #DigitalAssets
According to PANews, the Deputy Director of the Cultural Finance Research Center at Tsinghua University's Wudaokou School of Finance, Liang Junjian, presented the 'Cultural Industry Investment and Financing Research Report' at the 2024 Beijing Cultural Forum's Cultural Industry Investors Conference. The report highlights several significant trends in the cultural finance market based on statistical data.
Firstly, the cultural industry bond market is increasingly playing a vital role. This development indicates a growing reliance on bonds as a financing tool within the cultural sector. Secondly, listed companies are leveraging the mergers and acquisitions market to enhance quality and increase volume. This trend suggests that companies are actively seeking strategic acquisitions to bolster their market positions and expand their operations.
Additionally, in the private equity market, there is a continuous flow of financial resources into emerging sectors such as artificial intelligence, virtual reality, the metaverse, and digital assets. This influx of investment underscores the growing importance and potential of these innovative fields within the cultural industry. The report's findings provide valuable insights into the evolving dynamics of cultural finance and the strategic directions being pursued by industry stakeholders.#CulturalFinance #MarketTrends #BeijingForum #CulturalIndustry #Investment #Financing #Bonds #MergersAndAcquisitions #PrivateEquity #EmergingSectors #ArtificialIntelligence #VirtualReality #Metaverse #DigitalAssets
🚀 Bitcoin Spot ETF Holdings Reach Record High
#Bitcoin #SpotETF #Holdings #RecordHigh #BTC #AssetsUnderManagement #AUM
According to Odaily, as of September 20, U.S. Bitcoin spot ETFs collectively hold 913,825 BTC, marking a historic peak. The assets under management (AUM) for these ETFs are approximately $57.75 billion.#Bitcoin #SpotETF #Holdings #RecordHigh #BTC #AssetsUnderManagement #AUM
🚀 Aleph Zero Community Votes On Maximum Supply Proposal
#AlephZero #AZERO #TokenSupply #CryptoCommunity #Voting #Blockchain #Cryptocurrency
According to Odaily, the Aleph Zero community has initiated a proposal to determine the maximum supply of AZERO tokens. The voting process is currently underway and will conclude on September 23. At present, the supply of AZERO tokens stands at approximately 372 million.
The proposal outlines several options for the maximum supply, including 380 million, 400 million, 430 million, 470 million, 520 million, 580 million, 650 million, 730 million, 820 million, and 920 million tokens. The winning option will be selected based on the weighted median of all votes to ensure a fair outcome.#AlephZero #AZERO #TokenSupply #CryptoCommunity #Voting #Blockchain #Cryptocurrency
🚀 MetaDAO To Launch Decision Market At Solana Breakpoint Conference
#MetaDAO #DecisionMarket #Solana #BreakpointConference #Governance #Funding #Paradigm #CollectiveIntelligence #PredictionMarket #Polymarket #SOL
According to Odaily, MetaDAO, a governance experiment project within the Solana ecosystem, announced at the Solana Breakpoint Conference in Singapore that it is set to launch a decision market for 'any metric and decision.' This new initiative aims to enhance the decision-making processes within the ecosystem by providing a platform for various metrics and decisions to be evaluated and acted upon.
In August, MetaDAO revealed that it had secured $2.2 million in funding, with Paradigm leading the investment round. The project is reportedly similar to the prediction market Polymarket, which allows users to forecast outcomes on a wide range of topics. MetaDAO's decision market is expected to bring a new level of engagement and accuracy to governance within the Solana ecosystem, leveraging the collective intelligence of its participants to make more informed decisions.#MetaDAO #DecisionMarket #Solana #BreakpointConference #Governance #Funding #Paradigm #CollectiveIntelligence #PredictionMarket #Polymarket #SOL
🚀 Over 40% Of ETH Supply Remains Locked In Smart Contracts
#ETH #Ethereum #SmartContracts #OnchainFoundation #Glassnode #Crypto #Blockchain
According to Odaily, Leon Waidmann, the Head of Research at Onchain Foundation, shared on X that more than 40% of the Ethereum (ETH) supply is still locked in smart contracts. This observation is based on data from Glassnode. However, Waidmann noted that this upward trend has seen a slight decline recently.#ETH #Ethereum #SmartContracts #OnchainFoundation #Glassnode #Crypto #Blockchain
🚀 MATR1X FIRE Burns Over 5 Million Tokens, Plans Further Reductions
#MATR1XFIRE #FIREtokens #burn #deflation #InfiniteGamePlan #GenesisSpark #goldmining #gaming
According to BlockBeats, as of September 22, MATR1X FIRE has burned a total of 5,453,569 FIRE tokens. With the current price of FIRE at $1.78, the total value of the burned tokens amounts to $9.7 million.
The official Twitter account of MATR1X FIRE revealed that the in-game consumption of FIRE will continue to burn, further promoting the deflation of the token. According to the previously announced 'Infinite Game Plan,' the platform aims to reduce the total supply of FIRE to 500 million through ongoing burns.
Additionally, on September 21, MATR1X FIRE launched the 'Genesis Spark' gold mining test. Players with genesis characters can now participate in gold mining, and the game is available for download on Google Play and Apple Store.#MATR1XFIRE #FIREtokens #burn #deflation #InfiniteGamePlan #GenesisSpark #goldmining #gaming
🚀 Terminus Meme Token Surges Over 1000% in 24 Hours
#TerminusToken #MemeToken #ElonMusk #CryptoSurge #MarsCity #Blockchain #CryptoMarket #Investing
According to BlockBeats, the Terminus meme token, themed around Elon Musk's 'First Mars City Naming,' has seen a significant price surge. As of September 22, the token has broken the $0.1 mark, currently priced at $0.1073, reflecting a 24-hour increase of 1,079%.
The current market capitalization of Terminus stands at $10.71 million, with a total trading volume of $8.35 million over the past 24 hours.#TerminusToken #MemeToken #ElonMusk #CryptoSurge #MarsCity #Blockchain #CryptoMarket #Investing
🚀 Oasis Launches Second PrivacyForWeb3 Hackathon With $130,000 Prize Pool
#Oasis #PrivacyForWeb3 #Hackathon #EVM #Sapphire #ROFL #Blockchain #Developers #PrizePool #ROSE
According to Odaily, Oasis has announced on the X platform that the second PrivacyForWeb3 Hackathon has officially commenced, featuring a total prize pool of $130,000. This hackathon offers developers the opportunity to build using Oasis's confidential EVM, Sapphire, as well as the newly introduced ROFL (Runtime Off-chain Logic) framework.#Oasis #PrivacyForWeb3 #Hackathon #EVM #Sapphire #ROFL #Blockchain #Developers #PrizePool #ROSE
🚀 Ethereum Predicted To Surge To $10,000 In Current Cycle
#Ethereum #cryptocurrency #Bitcoin #liquiditycycles #markettrends #priceprediction #ETH
According to BlockBeats, on September 22, Mike Alfred, founder of the crypto wealth management company Eaglebrook Advisors, shared his insights on X regarding the potential rise of Ethereum. Alfred stated that while Bitcoin maximalists might dismiss the notion, Ethereum could see its price increase from $2,500 to $10,000 in this cycle.
Alfred explained that this prediction aligns with the nature of liquidity cycles. He emphasized that regardless of attempts to counter, argue, or complain about it, the upward trend is inevitable. 'Everything is going up,' he remarked, highlighting the broader market movements.#Ethereum #cryptocurrency #Bitcoin #liquiditycycles #markettrends #priceprediction #ETH
🚀 Fuse Announces Launch Of Virtual Visa Card Fuse Pay
#Fuse #VisaCard #FusePay #Stablecoins #Cryptocurrency #DigitalWallet #FinancialTechnology #USLaunch
According to Odaily, Fuse recently announced on X the upcoming launch of Fuse Pay, a virtual Visa card that allows users to spend stablecoins directly from their Fuse wallet in everyday and real-world transactions. Fuse Pay is set to be introduced in the United States later this year, with plans to expand support to other countries and regions in the future, although a specific timeline has not yet been determined.#Fuse #VisaCard #FusePay #Stablecoins #Cryptocurrency #DigitalWallet #FinancialTechnology #USLaunch
🚀 Trader Predicts Potential Bitcoin Liquidity Event
#Bitcoin #LiquidityEvent #TraderInsights #Altcoins #EugeneNgAhSio #SUI #CryptoInvesting #MarketTrends #BTC
According to Odaily, trader Eugene Ng Ah Sio recently shared insights on X, suggesting a significant possibility of a liquidity event that could offer a final opportunity to buy or accumulate Bitcoin at $61,000. He also noted the potential for Bitcoin to continue its upward trend. Ng highlighted that for certain altcoins, once momentum starts, a Bitcoin drop might not significantly impact them, referencing SUI's performance after reaching $0.8.#Bitcoin #LiquidityEvent #TraderInsights #Altcoins #EugeneNgAhSio #SUI #CryptoInvesting #MarketTrends #BTC
🚀 Squads Protocol V5 To Launch On Solana Mainnet Later This Year
#SquadsProtocol #Solana #mainnet #smartaccounts #accountabstraction #SVM #transactionexecution #performanceimprovements #SOL
According to PANews, the Solana ecosystem's multi-signature protocol, Squads, announced in an official blog post that Squads Protocol v5 will be formally validated and launched on the Solana mainnet later this year. This new version will allow users to have finer control over smart accounts, thereby accelerating the adoption of smart accounts and account abstraction on Solana and the Solana Virtual Machine (SVM). The update will introduce features such as synchronous transaction execution and will also include performance and memory improvements.#SquadsProtocol #Solana #mainnet #smartaccounts #accountabstraction #SVM #transactionexecution #performanceimprovements #SOL