🚀 US September Retail Sales Slightly Exceed Expectations
#USRetailSales #EconomicGrowth #SeptemberSales #FederalReserve #InterestRates #RetailMarket #EconomicRecovery
According to Odaily, U.S. retail sales in September saw a slight increase, surpassing expectations and supporting the view of strong economic growth in the third quarter. The monthly retail sales rate for September recorded a 0.4% increase, compared to an unrevised 0.1% rise in August. While these signs of economic recovery may not prevent the Federal Reserve from cutting interest rates again next month, they do reinforce the expectation of a 25 basis point rate cut.#USRetailSales #EconomicGrowth #SeptemberSales #FederalReserve #InterestRates #RetailMarket #EconomicRecovery
🚀 Traders Adjust Fed Rate Cut Expectations After Retail Sales Data
#Traders #FedRateCut #RetailSales #JoblessClaims #EconomicData #InterestRates #MonetaryPolicy
According to BlockBeats, on October 17, following the release of retail sales and initial jobless claims data, traders have adjusted their expectations regarding the Federal Reserve's rate cuts for the year. The new data has led to a reassessment, indicating a potential reduction in the anticipated rate cut magnitude.#Traders #FedRateCut #RetailSales #JoblessClaims #EconomicData #InterestRates #MonetaryPolicy
🚀 Crypto Influencer Mitch Profits Significantly From DOLAN Investments
#Crypto #MitchProfits #DOLAN #Investments #SOL #Cryptocurrency #TokenTrading #SIGMA
According to Odaily, cryptocurrency influencer Mitch (@idrawline) has made substantial profits from his investments in DOLAN. Two weeks ago, Mitch purchased 648,128 DOLAN tokens at an average price of 100 SOL (approximately $13,725). Since then, he has sold 498,128 DOLAN tokens, earning a total of 1,340 SOL, which is valued at $204,000. Mitch still holds 150,000 DOLAN tokens, currently worth $96,000.
In addition to his DOLAN holdings, Mitch also possesses 9 million SIGMA tokens, valued at $458,000.#Crypto #MitchProfits #DOLAN #Investments #SOL #Cryptocurrency #TokenTrading #SIGMA
🚀 Dtravel Joins Fetch.ai Foundation And Launches AI-Powered Travel Agent
#Dtravel #Fetchai #TravelAgent #AIPowered #DecentralizedTravel #VacationRental #Blockchain #PeerToPeer #TravelIndustry #SmartContracts #HomeSharing #DecentralizedFinance #AIIntegration #FET
According to Cointelegraph, decentralized peer-to-peer vacation rental platform Dtravel announced on October 17 that it has joined the nonprofit Fetch.ai Foundation. Additionally, Dtravel has launched the first AI-powered travel agent for developers on the Fetch.ai marketplace.
Dtravel, which launched its decentralized home-sharing platform in 2021, aims to provide an alternative to centralized vacation rental platforms like Airbnb. Fetch.ai is a decentralized open marketplace platform where developers can create, deploy, modify, and integrate AI agents on the Fetch.ai blockchain.
The announcement stated that Dtravel’s intelligent vacation rental discovery agent is now available for developers in the Fetch.ai developer marketplace. This tool allows developers to integrate Dtravel’s AI-powered peer-to-peer networking agent into their projects via Fetch.ai. Peter Busche, chairman of the Fetch.ai Foundation, described the collaboration as a significant step toward a more efficient, intelligent, and user-centric travel ecosystem.
The travel industry is currently dominated by a few centralized businesses such as Expedia and Priceline, with targeted travel businesses like Airbnb also holding a significant market share. Decentralized travel offers an alternative to this intermediary-based model, enabling end-to-end solutions for travel and accommodations. This approach could potentially lower costs for both renters and property owners in the vacation rental and home-sharing markets. It also aligns with the broader decentralized finance movement, which has gained momentum in recent years.
Cynthia Huang, CEO of Dtravel, emphasized the potential benefits of AI for the travel industry. She noted that success requires both the development of technology and the creation of an ethical framework for collecting and using data to power these AI agents.#Dtravel #Fetchai #TravelAgent #AIPowered #DecentralizedTravel #VacationRental #Blockchain #PeerToPeer #TravelIndustry #SmartContracts #HomeSharing #DecentralizedFinance #AIIntegration #FET
🚀 European Central Bank Predicts Weaker Economic Growth
#EuropeanCentralBank #EconomicGrowth #Inflation #EmploymentGrowth #ChristineLagarde #EconomicForecast #DownsideRisks
According to BlockBeats, on October 17, European Central Bank President Christine Lagarde released the latest data indicating that economic growth is expected to weaken further. The survey also shows a slowdown in employment growth.
Inflation is projected to decrease to the target level by next year. The risks to economic growth are skewed to the downside.#EuropeanCentralBank #EconomicGrowth #Inflation #EmploymentGrowth #ChristineLagarde #EconomicForecast #DownsideRisks
🚀 Hyve Secures $1.85 Million In Seed Funding Led By Lemniscap
#Hyve #SeedFunding #Lemniscap #Blockchain #DecentralizedAutonomous #Investment #PaperVentures #Frachtis
According to Odaily, blockchain-based decentralized autonomous (DA) project Hyve has successfully raised $1.85 million in a seed funding round. The investment was led by Lemniscap, with participation from Paper Ventures and Frachtis, among others.#Hyve #SeedFunding #Lemniscap #Blockchain #DecentralizedAutonomous #Investment #PaperVentures #Frachtis
🚀 Jupiter Launches Ape Pro App For Trading Memecoins On Solana
#Jupiter #ApePro #Memecoins #Solana #Blockchain #Crypto #Trading #MEVProtection #SOL
According to Foresight News, Jupiter has officially launched the Ape Pro application for trading memecoins on the Solana blockchain. The new app offers real-time token streaming, advanced data and charts, and optimized MEV protection.#Jupiter #ApePro #Memecoins #Solana #Blockchain #Crypto #Trading #MEVProtection #SOL
🚀 Orderly Network Integrates With Solana, Expands Cross-Chain Trading
#OrderlyNetwork #Solana #CrossChainTrading #DecentralizedFinance #LiquidityVault #EVM #NonEVM #Blockchain #PerpetualContracts #TradingInfrastructure #UnifiedOrderBook #DeFi #SOL #ETH #ARB
According to BlockBeats, on October 17, Orderly Network announced its integration with Solana and the deployment of a liquidity vault, making it the first platform to support both EVM and non-EVM chains for cross-chain order book trading. This development allows users from different blockchain networks to engage in perpetual contract trading through Orderly Network's unified cross-chain shared order book.
As a leading provider of decentralized trading infrastructure, Orderly Network has recently surpassed a total trading volume of $83 billion. The platform currently supports multiple major blockchains, including Arbitrum, Base, Mantle, Ethereum Mainnet, Optimism, and Polygon. It offers over 50 trading markets, providing integrated liquidity and trading infrastructure across chains for traders and decentralized trading platforms.
Following the successful deployment of the liquidity vault on Solana, users on the Solana network can now deposit assets on the Orderly platform and trade with counterparts on other supported chains without the need for cross-chain transfers, enjoying a unified on-chain order book experience. The integration has already been tested on the testnet and is expected to go live on the mainnet in November.#OrderlyNetwork #Solana #CrossChainTrading #DecentralizedFinance #LiquidityVault #EVM #NonEVM #Blockchain #PerpetualContracts #TradingInfrastructure #UnifiedOrderBook #DeFi #SOL #ETH #ARB
🚀 ECB President Lagarde Announces Unanimous Decision on Rate Cut
#ECB #ChristineLagarde #interestrates #inflation #financialnews #Europe
According to Odaily, European Central Bank (ECB) President Christine Lagarde has announced that the recent decision to cut interest rates was unanimously agreed upon. Lagarde indicated that inflation might reach the target level by next year. However, she noted that the current inflation forecast still faces bidirectional risks, with the downside risks being more significant than the upside risks.#ECB #ChristineLagarde #interestrates #inflation #financialnews #Europe
🚀 India's Crypto Tax Regime Criticized As 'Draconian'
#India #CryptoTax #Blockchain #Web3 #CryptoRegulations #Innovation #TechStartups #RegulatoryUncertainty #Taxation #PeerToPeer #FinancialSystems #CryptoEntrepreneurs
According to Cointelegraph, a legal practitioner has criticized the Indian government's stringent crypto tax policy, describing it as an attempt to displace blockchain and crypto technology due to concerns over illicit activities. Amit Kumar Gupta, a legal practitioner at the Supreme Court of India and the Indian Institute of Technology-Kanpur, presented a research paper on crypto taxation at the Peer-to-Peer Financial Systems Workshop 2024 in Dubai. Gupta argued that the heavy taxation on India's crypto and blockchain space stems from a lack of understanding among Indian regulators about the real uses and potential of Web3 technologies.
India's crypto law, which mandates a 30% tax on profits without allowing users to offset their losses, came into effect on April 1, 2022. Gupta highlighted that there is also a tax on each crypto transaction made by users. He described the taxation regime as 'draconian' and believes it is intended to discourage the use of cryptocurrency, which the government views as primarily associated with money laundering and terrorist financing. Gupta noted that the Indian government perceives crypto as 'worse than gambling' and suggested that the stringent tax regime could drive Indian crypto entrepreneurs to relocate to jurisdictions with clearer regulations.
Despite the regulatory uncertainty, tech startups in India continue to work on Web3 projects. Rohit Mohan, CEO of India-based Web3 marketing firm NC Global Media, stated that while India remains cautious about cryptocurrencies, its developers are still driving innovation. Mohan emphasized that major players are entering the market and that India has the potential to set a strong example globally. He also stressed the importance of education and collaboration in fostering user understanding and adoption of crypto technologies.#India #CryptoTax #Blockchain #Web3 #CryptoRegulations #Innovation #TechStartups #RegulatoryUncertainty #Taxation #PeerToPeer #FinancialSystems #CryptoEntrepreneurs
🚀 ZKsync Ignite Proposal Aims To Transform ZKsync Era Into Liquidity Hub
#ZKsync #ZKsyncIgnite #DeFi #liquidity #ElasticChain #governance #tokens #ZKnation #ecosystem
According to Odaily, ZKsync has released its first governance proposal named ZKsync Ignite. The initiative aims to transform the ZKsync Era into a liquidity hub for Elastic Chain. Over the next nine months, the project plans to distribute 300 million ZK tokens to DeFi users to enhance liquidity. The proposal has been published on the ZK Nation forum and is designed to further develop and expand the ZKsync ecosystem.#ZKsync #ZKsyncIgnite #DeFi #liquidity #ElasticChain #governance #tokens #ZKnation #ecosystem
🚀 BlackRock IBIT Sees $14 Million Pre-Market Trading Volume
#BlackRock #IBIT #TradingVolume #PreMarket #BuyOrders #SellOrders
According to Odaily, monitoring data from Trader T indicates that BlackRock's IBIT experienced a pre-market trading volume of $14 million today. Of this volume, 37% consisted of active buy orders, while 12% were active sell orders.#BlackRock #IBIT #TradingVolume #PreMarket #BuyOrders #SellOrders
🚀 Mysten Labs Launches Public Testnet For Walrus Protocol
#MystenLabs #WalrusProtocol #Testnet #DecentralizedStorage #Blockchain #DataAvailability #AutonomousAgents #BlobStorage #HighAvailability #Robustness
According to Odaily, Mysten Labs has announced the launch of the public testnet for its decentralized storage and data availability protocol, Walrus. This protocol is designed for blockchain applications and autonomous agents. The developer preview version has already been released to gather feedback from users and developers. Key advantages of the Walrus protocol include cost-effective blob storage, high availability, and robustness.#MystenLabs #WalrusProtocol #Testnet #DecentralizedStorage #Blockchain #DataAvailability #AutonomousAgents #BlobStorage #HighAvailability #Robustness
🚀 CoinDesk 20 Index Sees Decline With Mixed Performance Among Assets
#CoinDesk20 #digitalassets #cryptocurrency #marketdecline #APT #LTC #HBAR #UNI
According to CoinDesk, the CoinDesk 20 Index experienced a decline, closing at 2035.65, down 1.1% (-22.14) since 4 pm ET on Wednesday. The index, which tracks the performance of 20 major digital assets, showed a mixed performance among its constituents. Out of the 20 assets, three recorded gains while the rest saw declines. Leading the gains were APT with a 1.9% increase and LTC with a 1.1% rise. On the other hand, HBAR and UNI were among the laggards, falling by 5.1% and 3.9%, respectively. The CoinDesk 20 Index is a comprehensive measure of the digital asset market, traded across multiple platforms and regions globally.#CoinDesk20 #digitalassets #cryptocurrency #marketdecline #APT #LTC #HBAR #UNI
🚀 Tesla Transfers Bitcoin Reserves For First Time In Over Two Years
#Tesla #Bitcoin #Crypto #ArkhamIntelligence #Maartunn #CryptoQuant #Cryptocurrency #Blockchain #Finance #BTC
According to Odaily, Arkham Intelligence data reveals that Tesla has transferred its Bitcoin reserves for the first time in over two years, causing concern among some Bitcoin traders. CryptoQuant community analyst Maartunn speculates that there could be several reasons behind Tesla's Bitcoin transfer.
Firstly, compliance or internal audit requirements might have prompted Tesla to move its Bitcoin to fulfill accounting or legal obligations related to reporting or internal audits. Secondly, Tesla could be managing multiple wallets for operational purposes, although this scenario seems less likely. Lastly, the transfer might be part of a strategy to restructure Bitcoin holdings in preparation for future sales or loans.#Tesla #Bitcoin #Crypto #ArkhamIntelligence #Maartunn #CryptoQuant #Cryptocurrency #Blockchain #Finance #BTC
🚀 Bitcoin Protocol Layer Surge Secures $1.8 Million Pre-Seed Funding
#Bitcoin #Surge #Funding #PreSeed #Investment #MetaLayer #Blockchain #Crypto #Testnet
According to Odaily, Bitcoin protocol layer Surge has successfully raised $1.8 million in a pre-seed funding round. The investment was led by Autonomy, Gerstenbrot Capital, Double Peak Group, Sats Ventures, Vamient Capital, and Samara AG. Additionally, angel investors including Rushi Manche from Movement Labs and CoinGecko co-founders Bobby Ong and TM Lee participated in the funding round.
The newly acquired funds will be directed towards the development of Surge's MetaLayer, which aims to maximize Bitcoin's potential as a global monetary base layer. Surge has announced plans to launch its testnet in the near future.#Bitcoin #Surge #Funding #PreSeed #Investment #MetaLayer #Blockchain #Crypto #Testnet
🚀 Avalon Labs Integrates With IoTeX To Enhance DePIN Asset Services
#AvalonLabs #IoTeX #DePIN #BTC #lendingprotocol #financialservices #liquidity #blockchain #investment #crypto #IOTX
According to BlockBeats, on October 17, BTC ecosystem lending protocol Avalon Labs announced its official deployment on the DePIN modular platform IoTeX. This integration aims to expand support for DePIN assets. Currently, the total value locked (TVL) within the Avalon protocol exceeds $700 million. The collaboration with IoTeX is expected to explore more possibilities in the DePIN field and bring a significant amount of BTC assets into the IoTeX ecosystem.
Financial service support for DePIN assets is a primary focus for IoTeX. The partnership with Avalon Labs will provide better lending services for assets on the IoTeX chain, expand practical pathways for project assets, and increase liquidity on the IoTeX chain. Avalon Labs has previously received investments from institutions such as SNZ Capital and Matrixport, establishing itself as one of the largest lending protocols in the BTC ecosystem.
Since IoTeX announced its 2.0 DePIN modular strategy in July, its influence in the DePIN field has been steadily increasing. During the Singapore 2049 event, IoTeX hosted a DePIN summit that attracted over 5,000 participants, including nearly all investment institutions focused on DePIN and more than ten innovative DePIN projects.#AvalonLabs #IoTeX #DePIN #BTC #lendingprotocol #financialservices #liquidity #blockchain #investment #crypto #IOTX
🚀 Bitcoin Mining Firm MARA CEO Warns Of AI Development Risks
#Bitcoin #MARA #AI #Mining #Cryptocurrency #TechRisks #BusinessStrategy #DigitalAssets #EnergyEfficiency #Partnership #BTC
According to PANews, Fred Thiel, CEO of Bitcoin mining company MARA (formerly Marathon Digital), has issued a warning about the current AI development environment, likening it to the internet bubble of the 2000s. Thiel cautioned that many companies might be overbuilding infrastructure without sufficient demand. However, he believes that successful Bitcoin miners will eventually integrate AI components, leveraging low-cost energy to support AI data centers in the long term.
MARA plans to expand its Bitcoin mining capacity and aims to diversify its revenue streams. Through a partnership with Auradine, the company seeks to acquire custom chip technology. Over the next four years, MARA hopes to generate 50% of its revenue from non-Bitcoin mining activities.#Bitcoin #MARA #AI #Mining #Cryptocurrency #TechRisks #BusinessStrategy #DigitalAssets #EnergyEfficiency #Partnership #BTC
🚀 BNB Drops Below 590 USDT with a 1.21% Decrease in 24 Hours
#BNB #cryptocurrency #Binance #USDT #marketdata #pricechange #trading
On Oct 17, 2024, 14:08 PM(UTC). According to Binance Market Data, BNB has dropped below 590 USDT and is now trading at 589.900024 USDT, with a narrowed 1.21% decrease in 24 hours.#BNB #cryptocurrency #Binance #USDT #marketdata #pricechange #trading
🚀 Nvidia Shares Reach New Intraday High
#Nvidia #NVDA #Shares #StockMarket #IntradayHigh #ForesightNews
According to Foresight News, market data indicates that Nvidia (NVDA.O) shares surged nearly 4%, reaching a new intraday high of $140.89.#Nvidia #NVDA #Shares #StockMarket #IntradayHigh #ForesightNews
🚀 Polymarket App Tops US Apple App Store Download Rankings
#Polymarket #AppleAppStore #Downloads #Decentralized #PredictionMarket #MediaGiants
According to PANews, the official app of the decentralized prediction market Polymarket has achieved the top position in the 'Magazines & Newspapers' category of the free download rankings on the US Apple App Store. This notable achievement places Polymarket ahead of traditional media giants such as The New York Times, CNN, and The Wall Street Journal.#Polymarket #AppleAppStore #Downloads #Decentralized #PredictionMarket #MediaGiants