🚀 Fed's Goolsbee Reports Inflation and Housing Market Improvements
#Fed #Inflation #HousingMarket #Goolsbee #JobMarket #EconomicImprovement
According to BlockBeats, on October 10, Federal Reserve official Goolsbee stated that the inflation level aligns with expectations and the housing market has shown improvement. The overall trend indicates a significant decrease in inflation, and the job market has cooled to a level of full employment.#Fed #Inflation #HousingMarket #Goolsbee #JobMarket #EconomicImprovement
🚀 Uniswap Partners With Pyth Network For Real-Time Data On Unichain
#Uniswap #PythNetwork #Unichain #realTimeData #decentralizedApplications #dApps #DeFi #crypto #UNI
According to Foresight News, Uniswap has selected Pyth Network to provide real-time data for its new blockchain, Unichain. This collaboration aims to offer developers the necessary infrastructure to build fast, reliable, and scalable decentralized applications (dApps). Pyth Network's over 500 real-time price feeds and low-latency data, updated every 400 milliseconds, ensure that Unichain developers have access to up-to-date DeFi data in real-time.#Uniswap #PythNetwork #Unichain #realTimeData #decentralizedApplications #dApps #DeFi #crypto #UNI
🚀 SEC Commissioner Acknowledges Regulatory Challenges For Cryptocurrency Industry
#SEC #Cryptocurrency #Regulation #MarkUyeda #Compliance #Blockchain
According to BlockBeats, on October 10, SEC Commissioner Mark Uyeda admitted that the regulatory approach towards cryptocurrencies has been problematic for the entire industry. This acknowledgment highlights ongoing challenges and uncertainties faced by the cryptocurrency sector due to regulatory measures.#SEC #Cryptocurrency #Regulation #MarkUyeda #Compliance #Blockchain
🚀 Elliptic Establishes Regional Headquarters In UAE
#Elliptic #UAE #blockchain #cryptocurrency #digitalassets #financialinnovation #regionalheadquarters
According to Odaily, blockchain analysis and digital asset risk management provider Elliptic has announced the establishment of its regional headquarters in the United Arab Emirates (UAE). This move is part of Elliptic's broader strategy to expand its revenue growth. Over the past two years, the UAE has expressed a clear intention to become a hub for regulated blockchain and crypto asset activities, gradually emerging as a key player focused on financial innovation.#Elliptic #UAE #blockchain #cryptocurrency #digitalassets #financialinnovation #regionalheadquarters
🚀 Sui Foundation Invests In Scallop To Boost Ecosystem Growth
#SuiFoundation #Scallop #EcosystemGrowth #LendingProtocol #FlashLoans #TotalValueLocked #Blockchain #Investment #SUI
According to PANews, the Sui Foundation has announced an investment in the Sui ecosystem lending protocol, Scallop. This investment aims to strengthen Scallop's leadership within the Sui ecosystem and support its further growth and the deployment of new features.
Earlier, on October 2, it was reported that Scallop's total lending amount had surpassed $100 billion, with $2.2 billion attributed to flash loans. Additionally, the aggregator interaction volume exceeded 57 million. Scallop's Total Value Locked (TVL) also reached a historic high of $167 million.#SuiFoundation #Scallop #EcosystemGrowth #LendingProtocol #FlashLoans #TotalValueLocked #Blockchain #Investment #SUI
🚀 Fed's Barkin Notes Significant Inflation Decline But Cautions Against Premature Victory
#Fed #Barkin #Inflation #EconomicPolicy #Finance
According to BlockBeats, on October 10, Federal Reserve's Barkin stated that while inflation has significantly decreased, it is too early to declare victory. He emphasized that inflation is moving in the right direction.#Fed #Barkin #Inflation #EconomicPolicy #Finance
🚀 PinGo Lab Secures Seed Funding For AI And DePin Solutions
#PinGo #SeedFunding #AI #DePin #TON #ComputingResources #AIDevelopment #Efficiency #Performance
According to Foresight News, AI and DePin solution provider PinGo has announced the completion of its seed round financing. The funding round saw participation from several institutions, including TFund, CGVFOF, K24Ventures, CatcherVC, and LandScape Capital.
PinGo operates on the TON network and aims to address the fragmentation and underutilization of idle computing resources. The company provides a foundational computing capability for building AI models, leveraging these otherwise unused resources to enhance efficiency and performance in AI development.#PinGo #SeedFunding #AI #DePin #TON #ComputingResources #AIDevelopment #Efficiency #Performance
🚀 Analyst Predicts Slight Increase In Core PCE Inflation For September
#PCE #inflation #CPI #FederalReserve #interestrates #economicforecast #PPI #PaulAshworth
According to Odaily, analyst Paul Ashworth stated in a report that considering today's CPI report, the core PCE inflation indicator for September might accelerate from 0.1% in August to 0.2%. However, the annualized rate is expected to be only slightly above the Federal Reserve's 2% target. The PCE data will be released at the end of the month. Additionally, tomorrow's PPI report will help adjust expectations.
Ashworth mentioned that if his prediction is accurate, the pace of inflation decline would support a more cautious approach by the Federal Reserve in reducing interest rates by 25 basis points early next month.#PCE #inflation #CPI #FederalReserve #interestrates #economicforecast #PPI #PaulAshworth
🚀 Blocktower Receives 653,000 EIGEN Tokens From Wintermute
#Blocktower #EIGEN #Wintermute #MKR #GalaxyDigital #cryptonews #venturecapital
According to BlockBeats, on October 10, Lookonchain monitoring revealed that venture capital firm BlockTower received 653,000 EIGEN tokens, valued at $2.38 million, from Wintermute just 10 minutes ago.
Previously, it was reported that BlockTower transferred 1,815 MKR tokens, worth $2.48 million, to Galaxy Digital 20 hours ago. This suggests that BlockTower may have sold the 1,815 MKR tokens and subsequently purchased the 653,000 EIGEN tokens for $2.38 million.#Blocktower #EIGEN #Wintermute #MKR #GalaxyDigital #cryptonews #venturecapital
🚀 Ethena To Invest $46 Million Reserve Fund In Tokenized Assets
#Ethena #DeFi #TokenizedAssets #Investment #Blockchain #BUIDL #USDM #USTB #USDS #BlackRock #Securitize #Mountain #Superstate #Sky
According to PANews, DeFi protocol Ethena announced on Thursday its decision to invest its $46 million reserve fund into various tokenized assets. The investments will be allocated to BlackRock and Securitize's tokenized fund BUIDL, Mountain's USDM token, Superstate's USTB, and Sky's (formerly known as Maker) new stablecoin USDS.
The governance forum post detailed the distribution of the reserve fund, with approximately $18 million allocated to BUIDL, $13 million to USDS, $8 million to USDM, and $7 million to USTB. This strategic move aims to diversify Ethena's reserve holdings and leverage the potential of tokenized assets in the DeFi space.#Ethena #DeFi #TokenizedAssets #Investment #Blockchain #BUIDL #USDM #USTB #USDS #BlackRock #Securitize #Mountain #Superstate #Sky
🚀 🔥 CZ to Personally Attend Binance Blockchain Week in Dubai on October 30-31 🔥
#CZ #Binance #BlockchainWeek #Dubai #Web3 #CryptoEvents #BNB
CZ announced on X (formerly Twitter) that he will be attending the Binance Blockchain Week in Dubai on October 30-31 in his personal capacity. He stated, "It's one of the biggest Web3 events of the year. See you there."#CZ #Binance #BlockchainWeek #Dubai #Web3 #CryptoEvents #BNB
🚀 Eclipse Foundation Forms ThreadX Alliance To Promote Open-Source Real-Time Operating System
#EclipseFoundation #ThreadXAlliance #OpenSource #RealTimeOperatingSystem #AzureRTOS #ThreadX
According to BlockBeats, on October 10, the Eclipse Foundation announced the establishment of the ThreadX Alliance to promote the open-source real-time operating system and ensure its continuous growth and sustainability.
In November 2023, Microsoft transferred the Azure RTOS (Real-Time Operating System) suite to the Eclipse Foundation, which includes the core ThreadX real-time operating system.#EclipseFoundation #ThreadXAlliance #OpenSource #RealTimeOperatingSystem #AzureRTOS #ThreadX
🚀 Fed's Williams Expects Policy Shift To Neutral Over Time
#Fed #Williams #PolicyShift #NeutralStance #RateCuts #Economy #UnemploymentRate #JobMarket #Inflation
According to Odaily, Federal Reserve's Williams stated that shifting policy to a neutral stance over time is appropriate. He anticipates that the economy will allow the Fed to implement further rate cuts. Recent rate cuts by the Fed are expected to keep the economy robust. Williams projects the unemployment rate to be 4.25% this year and to maintain that level around 2025. He also mentioned that the future job market is unlikely to be a driving factor for inflation.#Fed #Williams #PolicyShift #NeutralStance #RateCuts #Economy #UnemploymentRate #JobMarket #Inflation
🚀 Telos Foundation Unveils Plonky2 Goldibear for Enhanced Cryptographic Proofs
#TelosFoundation #Plonky2 #Goldibear #CryptographicProofs #ProofGeneration #PerformanceImprovements #RecursiveProofComposition #BabyBear #Risclonky2 #Risc0 #ProofAggregation #HardwareAcceleration #PolygonHermez #zkEVM #RollupProofs
According to PANews, the Telos Foundation has announced the launch of Plonky2 Goldibear, a new advancement in cryptographic proof generation and aggregation. This latest system offers significant performance improvements, particularly in the recursive proof composition within the BabyBear domain.
Plonky2 Goldibear is the newest iteration of the Plonky2 prover, supporting proof generation in both the Goldilocks and BabyBear domains. Alongside this launch, the project has developed a new version of Risclonky2, which now operates directly in the BabyBear domain without the need for arithmetic operation simulation. This development has made the verification and aggregation of Risc0 proofs highly efficient. Benchmark results indicate that Plonky2 Goldibear is 77 times faster than Risc0 in proof aggregation on a CPU for the BabyBear domain and 8.5 times faster even when compared to Risc0's GPU prover.
The Telos Foundation is also working on hardware acceleration for Plonky2 Goldibear and aims to implement the Polygon Hermez zkEVM proof verifier. This will enable rapid aggregation of Polygon zkEVM rollup proofs.#TelosFoundation #Plonky2 #Goldibear #CryptographicProofs #ProofGeneration #PerformanceImprovements #RecursiveProofComposition #BabyBear #Risclonky2 #Risc0 #ProofAggregation #HardwareAcceleration #PolygonHermez #zkEVM #RollupProofs
🚀 BlackRock Strategists Predict Gradual Fed Rate Cuts By Early 2025
#BlackRock #FedRateCuts #InterestRates #EconomicGrowth #MonetaryPolicy #Finance #Investment
According to Odaily, BlackRock strategists have indicated in a recent report that the likelihood of rapid interest rate cuts by the Federal Reserve is low due to stable economic growth prospects. They stated, 'We believe there is room for the Federal Reserve to lower rates to around 3.5% or slightly higher by early 2025.'
BlackRock also noted that the minutes from the Federal Reserve's September meeting suggest a gradual approach to rate cuts. 'We anticipate a normalization of monetary policy rather than a shift to an accommodative stance,' they added.#BlackRock #FedRateCuts #InterestRates #EconomicGrowth #MonetaryPolicy #Finance #Investment
🚀 Ripple Labs Files Appeal With US Second Circuit Court
'#RippleLabs #appeal #USCourt #SecondCircuit #legalproceedings'
According to Odaily, Ripple Labs Inc. has submitted a notice of appeal to the United States Court of Appeals for the Second Circuit. This development follows ongoing legal proceedings involving the company.'#RippleLabs #appeal #USCourt #SecondCircuit #legalproceedings'
🚀 Ethereum(ETH) Surpasses 2,400 USDT with a Narrowed 2.46% Decrease in 24 Hours
#Ethereum #ETH #2k #cryptocurrency #Binance #marketdata #trading
On Oct 10, 2024, 15:57 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,400 USDT benchmark and is now trading at 2,400.389893 USDT, with a narrowed narrowed 2.46% decrease in 24 hours.#Ethereum #ETH #2k #cryptocurrency #Binance #marketdata #trading
🚀 Cryptocurrency Market Sees $177 Million in Liquidations Over 24 Hours
#cryptocurrency #market #liquidations #Bitcoin #Ethereum #volatility #trading #BTC #ETH
According to PANews, the cryptocurrency market experienced significant liquidations amounting to $177 million over the past 24 hours. Data from Coinglass reveals that long positions accounted for $153 million of the liquidations, while short positions saw $23.95 million in liquidations.
Bitcoin (BTC) faced liquidations totaling $46.48 million, and Ethereum (ETH) saw liquidations amounting to $40.91 million. The data highlights the volatility and risk associated with trading in the cryptocurrency market, as substantial amounts were liquidated in a short period.#cryptocurrency #market #liquidations #Bitcoin #Ethereum #volatility #trading #BTC #ETH
🚀 Fed's Bostic Open To No Rate Cut In November
#Fed #Bostic #InterestRates #Economy #FinancialMarkets #CentralBank #Stability
According to BlockBeats, on October 11, the Wall Street Journal reported that Federal Reserve official Raphael Bostic is open to the possibility of not cutting interest rates in November. This stance comes amid ongoing discussions and evaluations of the economic landscape by the Federal Reserve. Bostic's openness to maintaining the current interest rates reflects the central bank's cautious approach in navigating the economic conditions and ensuring stability. The decision on interest rates will be closely watched by market participants and could have significant implications for the financial markets and the broader economy.#Fed #Bostic #InterestRates #Economy #FinancialMarkets #CentralBank #Stability
🚀 SEC Sues Cumberland DRW For Operating As Unregistered Securities Dealer
#SEC #CumberlandDRW #SecuritiesDealer #Lawsuit #RegulatoryCompliance #FinancialIndustry #SecuritiesLaws
According to Odaily, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Cumberland DRW. The regulatory body alleges that Cumberland DRW has been operating as an unregistered securities dealer. This legal action underscores the SEC's ongoing efforts to enforce compliance with securities laws and regulations within the financial industry. The case highlights the importance of registration and adherence to regulatory standards for entities involved in securities trading.#SEC #CumberlandDRW #SecuritiesDealer #Lawsuit #RegulatoryCompliance #FinancialIndustry #SecuritiesLaws
🚀 SEC Chair Gary Gensler Criticizes Crypto Industry At NYU Event
#SEC #GaryGensler #CryptoIndustry #Cryptocurrency #Bitcoin #Ether #Regulation #HoweyTest #InvestmentContract #Fraud #CryptoCommunity #NYU
According to CoinDesk, SEC Chair Gary Gensler delivered a critical speech on the cryptocurrency industry at NYU School of Law in Manhattan on Wednesday. Gensler, known for his cautious approach, provided expansive comments on the state of the crypto sector, expressing skepticism about the use of cryptocurrencies like bitcoin and ether for payments. He referenced historical economic practices, suggesting that economies function better with a single nation-issued currency.
Gensler's remarks included strong criticisms of the crypto industry, labeling it as rife with fraud and scams. He controversially claimed that many of the industry's leading figures are either incarcerated or facing extradition, a statement that does not align with the current status of many prominent industry leaders. Despite acknowledging the presence of fraudsters, Gensler's broad generalization was met with disagreement from the crypto community.
On regulatory matters, Gensler reiterated the application of the Howey Test, a legal standard from 1940, to determine whether tokens are securities. He emphasized the importance of identifying a central enterprise in token issuances, suggesting that most tokens would likely meet the criteria of an investment contract. However, his comments offered little clarity or hope for regulatory adaptation to new technological and market conditions.
Gensler's tenure as SEC Chair has been marked by a stringent stance on crypto regulation, drawing criticism from industry participants. SEC Commissioner Mark Uyeda described Gensler's leadership as detrimental to the crypto sector. As Gensler's term progresses, his recent expansive remarks may indicate an awareness of his potential departure from office.#SEC #GaryGensler #CryptoIndustry #Cryptocurrency #Bitcoin #Ether #Regulation #HoweyTest #InvestmentContract #Fraud #CryptoCommunity #NYU