🚀 ECB Official Questions Justification For December Rate Cut
#ECB #RateCut #EconomicIndicators #MonetaryPolicy #RobertHolzmann
According to Odaily, European Central Bank (ECB) Governing Council member Robert Holzmann has expressed doubts about the adequacy of current data to justify a 50 basis point rate cut in December. Holzmann noted that some colleagues might advocate for a significant rate reduction next month, but he remains unconvinced by the available economic indicators.#ECB #RateCut #EconomicIndicators #MonetaryPolicy #RobertHolzmann
🚀 BNB Chain To Host BNB Hackathon In Bangkok With $230,000 Prize Pool
#BNBChain #BNBHackathon #Bangkok #Blockchain #PrizePool #Developers #Innovation #RealEstate #TradingAggregator #TelegramMiniApp #Dypians #Seraph #HookedProtocol #Cleverse
According to Odaily, BNB Chain has announced that it will hold the BNB Hackathon in Bangkok on November 9-10, 2024. This two-day offline event aims to bring together blockchain developers in Bangkok to compete for a prize pool of $230,000. The hackathon is sponsored by World of Dypians, Seraph, Hooked Protocol, and Cleverse. Key tracks for the competition include building a Telegram Mini App, creating an innovative trading aggregator, and developing a platform for real estate transactions involving real-world assets (RWA).#BNBChain #BNBHackathon #Bangkok #Blockchain #PrizePool #Developers #Innovation #RealEstate #TradingAggregator #TelegramMiniApp #Dypians #Seraph #HookedProtocol #Cleverse
🚀 Investor Misses Out On $10 Million Profit By Selling Early
#Investor #Profit #Cryptocurrency #GOATtokens #Blockchain #Lookonchain #Liquidation #SOL #CryptoInvestment
According to BlockBeats, on October 23, Lookonchain monitoring revealed that the wallet address stupidmoney.sol liquidated 15.15 million GOAT tokens eight days ago. The initial investment was only 5 SOL, approximately $727. Upon liquidation, the wallet received 15,883 SOL, equivalent to around $2.44 million. However, if the investor had held onto the tokens until now, the profit could have exceeded $10 million.#Investor #Profit #Cryptocurrency #GOATtokens #Blockchain #Lookonchain #Liquidation #SOL #CryptoInvestment
🚀 Ubisoft Launches First Web3 Game On Oasys Blockchain
#Ubisoft #Web3 #Oasys #Blockchain #ChampionsTactics #GrimoriaChronicles #RPG #PvP #Gaming
According to Odaily, Ubisoft has officially launched its first Web3 game on the Oasys blockchain, titled 'Champions Tactics: Grimoria Chronicles.' This new Web3-enhanced game introduces a 'Forge' system, enabling players to customize their champions and create new ones. Described as a tactical role-playing game (RPG), 'Champions Tactics: Grimoria Chronicles' allows players to assemble teams of champions and engage in player-versus-player (PvP) battles.#Ubisoft #Web3 #Oasys #Blockchain #ChampionsTactics #GrimoriaChronicles #RPG #PvP #Gaming
🚀 DYdX Announces Sunset Process For V3 Platform
#dYdX #v3 #trading #oracle #smartcontracts #USDC #crypto #blockchain #DYDX
According to Odaily, dYdX has announced on the X platform that all trading, oracle price updates, and funding payments on the dYdX v3 platform will cease on October 28 at 20:05 UTC+8. Users are encouraged to plan accordingly, close their positions, and withdraw USDC from the dYdX v3 smart contracts.
This change will only affect users of the dYdX v3 platform. Users of the dYdX Chain, dydx.trade, or the v4 API will not be impacted by this update.#dYdX #v3 #trading #oracle #smartcontracts #USDC #crypto #blockchain #DYDX
🚀 Federal Reserve Expected To Lower Interest Rates If Harris Wins Election
#FederalReserve #InterestRates #Harris #Election #EconomicForecast #RateCuts #2024 #2025
According to Odaily, the Financial Times team has recently updated its forecast for the Federal Reserve's interest rate outlook. The prediction suggests that if Harris wins the election, the Federal Reserve may quickly reduce interest rates next year. Analysts indicate that following a 50 basis point cut in September, the Federal Reserve might lower rates by an additional 25 basis points twice in 2024. By the end of this year, the Federal Reserve is expected to reduce rates by a total of 100 basis points, bringing the federal funds rate down to 4.25-4.5%. This aligns with the Federal Reserve's economic forecast summary from September. If Harris secures victory in the U.S. presidential election, the Federal Reserve is projected to cut rates three more times in the first half of 2025, each by 25 basis points, reducing the policy rate to 3.5-3.75%.#FederalReserve #InterestRates #Harris #Election #EconomicForecast #RateCuts #2024 #2025
🚀 Chinese OTC Trader Allegedly Aids Lazarus Group in Crypto Laundering
#ChineseTrader #CryptoLaundering #LazarusGroup #ZachXBT #BlockchainInvestigation #OTCTrader #CryptoCrime #StolenCryptocurrency #BankTransfers #P2PTransaction #Ethereum #Tron #ETH #TRX
According to Foresight News, blockchain investigator ZachXBT has revealed that Chinese OTC trader Yicong Wang has been assisting the Lazarus Group in converting millions of dollars worth of stolen cryptocurrencies into cash via bank transfers since 2022. Wang, who operates under aliases such as Seawang, Greatdtrader, and BestRhea977, came under scrutiny a few months ago when a follower reported that their trading account was frozen after completing a P2P transaction with him. The follower provided ZachXBT with one of Wang's Tron wallet addresses through a WeChat conversation screenshot.
Upon examining blockchain data linked to Wang, ZachXBT identified a high risk of illicit funds associated with Alex Labs, co-founder of Irys, who suffered a $4.5 million loss in a hack by the Lazarus Group in May 2024. Additionally, an Ethereum address blacklisted by Tether in August 2024, holding 948K ETH, was directly connected to Wang. The blockchain data indicates that Wang has continued to actively assist the Lazarus Group in recent weeks.#ChineseTrader #CryptoLaundering #LazarusGroup #ZachXBT #BlockchainInvestigation #OTCTrader #CryptoCrime #StolenCryptocurrency #BankTransfers #P2PTransaction #Ethereum #Tron #ETH #TRX
🚀 Fluid Protocol Secures $3.9 Million In Seed Funding
#FluidProtocol #SeedFunding #AnimocaVentures #Blockchain #DeFi #Investment #FinancialServices #Innovation
According to Odaily, Fluid Protocol has successfully raised $3.9 million in a seed funding round. The investment was led by Animoca Ventures, with participation from several other investors. This funding aims to support the development and expansion of Fluid Protocol's innovative solutions in the blockchain and decentralized finance (DeFi) sectors.
Fluid Protocol, known for its cutting-edge technology in the DeFi space, plans to utilize the funds to enhance its platform and broaden its market reach. The company is focused on providing seamless and efficient financial services through blockchain technology, aiming to revolutionize the way financial transactions are conducted.
The involvement of Animoca Ventures, a prominent player in the blockchain investment arena, underscores the potential and credibility of Fluid Protocol's offerings. This seed funding round marks a significant milestone for the company as it continues to innovate and push the boundaries of decentralized finance.#FluidProtocol #SeedFunding #AnimocaVentures #Blockchain #DeFi #Investment #FinancialServices #Innovation
🚀 Stargate Proposes Deployment To Unichain With $6 Million Initial Liquidity
#Stargate #Unichain #Liquidity #USDC #Arbitrum #Ethereum #Crypto #ARB #ETH
According to Odaily, Stargate has initiated a proposal to deploy on Unichain, accompanied by an initial liquidity provision of $6 million. This liquidity will be supplied in the form of USDC from Stargate V1 pools on both Arbitrum and Ethereum.#Stargate #Unichain #Liquidity #USDC #Arbitrum #Ethereum #Crypto #ARB #ETH
🚀 Hong Kong Monetary Authority Launches 'Account Connectivity' Initiative
#HongKong #MonetaryAuthority #AccountConnectivity #DataSharing #BankingInnovation #CustomerExperience #Finance #Technology #BankInterbankAccount #SME
According to Odaily, the Hong Kong Monetary Authority (HKMA) has officially named its 'Bank Interbank Account Data Sharing' initiative as 'Account Connectivity.' In collaboration with the Hong Kong Science and Technology Parks Corporation, the HKMA has introduced the 'Account Connectivity Developer Platform.' This platform aims to facilitate secure and efficient data sharing between banks based on customer consent.
The pilot phase of the 'Account Connectivity' initiative began in January this year, with participation from 28 banks. The program has established guidelines and standards for interbank account data sharing, covering retail, corporate, and SME customers. This initiative allows banks to share deposit account information with other banks as per customer preferences, promoting the development of data-driven innovative banking products and services, thereby enhancing the customer experience.#HongKong #MonetaryAuthority #AccountConnectivity #DataSharing #BankingInnovation #CustomerExperience #Finance #Technology #BankInterbankAccount #SME
🚀 Link's Exchange Net Flow Shows Negative Trend Indicating Asset Accumulation
#LinksExchange #NetFlow #NegativeTrend #AssetAccumulation #Withdrawals #ColdStorage #PrivateWallets #SellingPressure
According to Odaily, IntoTheBlock recently reported on platform X that LINK's exchange net flow has been consistently negative over the past month. This trend suggests ongoing withdrawals from exchanges, which typically indicates asset accumulation. When holders transfer assets to cold storage or private wallets, it can reduce immediate selling pressure.#LinksExchange #NetFlow #NegativeTrend #AssetAccumulation #Withdrawals #ColdStorage #PrivateWallets #SellingPressure
🚀 Raydium's Total Trading Volume Surpasses $300 Billion
#Raydium #TotalTradingVolume #DecentralizedExchange #Crypto #Blockchain #TradingFees #LiquidityProviders #RAYTokens
According to Foresight News, decentralized exchange Raydium has announced that its total trading volume has exceeded $300 billion. The platform has paid $620 million in fees to liquidity providers and $50 million in fees for user-programmed buyback and burn of RAY tokens.#Raydium #TotalTradingVolume #DecentralizedExchange #Crypto #Blockchain #TradingFees #LiquidityProviders #RAYTokens
🚀 Bitcoin Market Needs Time To Digest Higher Bond Yields, Says 10x Research
#Bitcoin #BondYields #10xResearch #Ethereum #Stablecoins #MarketTrends #BullishMomentum #Liquidity #BTC #ETH
According to Odaily, 10x Research has indicated in a recent report that the market requires time to absorb higher bond yields before Bitcoin can resume its upward trend, urging against excessive pessimism. The report highlights that despite Bitcoin and Ethereum financing rates rising to 10%, spot prices have lagged, and retail participation remains subdued. The firm notes, 'We hope to see multiple indicators align to confirm bullish momentum, but this is not a major issue. The market may only need a few days to absorb these factors.'
Additionally, the total inflow of stablecoins has been a primary driver of liquidity this year. 10x Research points out, 'Since the launch of the Bitcoin spot ETF, stablecoin inflows have reached $36 billion, and liquidity remains robust.' The report emphasizes that these inflows continue to exert upward pressure on Bitcoin prices.#Bitcoin #BondYields #10xResearch #Ethereum #Stablecoins #MarketTrends #BullishMomentum #Liquidity #BTC #ETH
🚀 Starknet Nears Completion Of First Phase Of STRK Staking
#Starknet #STRK #staking #Ethereum #Layer2 #PoS #decentralized #blockchain #cryptocurrency #testnet #mainnet #governance
According to Odaily, Ethereum Layer 2 network Starknet announced on Platform X that the first phase of STRK staking is nearing completion. This phase includes the development of the STRK staking contract, community governance on STRK staking parameters, and the testnet for the first phase. The mainnet for the first phase is expected to be completed by the fourth quarter of 2024. Starknet's transition to a fully decentralized Proof-of-Stake (PoS) network will take time.#Starknet #STRK #staking #Ethereum #Layer2 #PoS #decentralized #blockchain #cryptocurrency #testnet #mainnet #governance
🚀 BlackRock IBIT Sees $15 Million Pre-Market Trading Volume
#BlackRock #IBIT #TradingVolume #PreMarket #ActiveOrders
According to BlockBeats, on October 23, data from Trader T revealed that BlackRock IBIT experienced a pre-market trading volume of $15 million. Of this volume, 38% were active buy orders, while 35% were active sell orders.#BlackRock #IBIT #TradingVolume #PreMarket #ActiveOrders
🚀 Lido Institutional Integrates Staking Middleware With L1.co Platform
#Lido #Institutional #Staking #Middleware #L1co #DigitalAsset #ETH #Ethereum #Collaboration #Advisory
According to Foresight News, Lido Institutional has announced the integration of its staking middleware into L1.co's digital asset advisory platform. This integration allows L1.co advisors to recommend Lido's staking middleware to their clients for staking ETH. The collaboration aims to enhance the staking experience for institutional clients by providing a seamless and efficient solution for staking Ethereum.#Lido #Institutional #Staking #Middleware #L1co #DigitalAsset #ETH #Ethereum #Collaboration #Advisory
🚀 Vitalik Buterin Criticizes Michael Saylor's Bitcoin Self-Custody Remarks
#VitalikButerin #MichaelSaylor #Bitcoin #SelfCustody #Cryptocurrency #Ethereum #RegulatoryCapture
According to Odaily, Ethereum co-founder Vitalik Buterin has publicly criticized MicroStrategy co-founder Michael Saylor's recent comments on Bitcoin self-custody. In a post on the X platform, Buterin stated, 'I think Saylor's remarks are crazy. Michael Saylor seems to explicitly advocate for a regulatory capture approach to protect cryptocurrencies, which does not align with the core principles of cryptocurrency.'#VitalikButerin #MichaelSaylor #Bitcoin #SelfCustody #Cryptocurrency #Ethereum #RegulatoryCapture
🚀 Trump's Crypto Project World Liberty Financial Reaches Over 15,000 Token Holders
#Trump #Crypto #WorldLibertyFinancial #WLFI #TokenHolders #Cryptocurrency #TokenSale
According to PANews, former President Donald Trump's cryptocurrency project, World Liberty Financial (WLFI), announced on the X platform that the WLFI token now has over 15,000 holders.
Additionally, data from the project's official website reveals that approximately 9.3305 million WLFI tokens have been sold in the public token sale so far. The remaining token supply stands at 19.067 billion tokens. With each token priced at $0.015, the current sales revenue is approximately $13.9957 million.#Trump #Crypto #WorldLibertyFinancial #WLFI #TokenHolders #Cryptocurrency #TokenSale
🚀 NTT Digital Joins Injective As New Validator
#NTTDigital #Injective #validator #telecommunications #Web3 #decentralizedtechnologies #digitalcommunication #finance #INJ
According to Foresight News, Injective has announced that NTT Digital, a subsidiary of Japan's largest telecommunications company and Fortune 500 giant NTT, has become its new validator. NTT is a global leader in telecommunications services, focusing on technological innovation. The company is currently expanding into Web3, exploring decentralized technologies that are expected to shape the future of digital communication and finance.#NTTDigital #Injective #validator #telecommunications #Web3 #decentralizedtechnologies #digitalcommunication #finance #INJ
🚀 Ethereum Foundation Suspected of Regular ETH to DAI Conversions
#EthereumFoundation #ETH #DAI #CoWProtocol #Arkham #crypto #blockchain
According to PANews, Arkham monitoring has revealed that within the past half hour, an address suspected to be associated with the Ethereum Foundation (0xd7...c1f4) transferred 100 ETH to CoW Protocol. Subsequently, this address received approximately 257,400 DAI from CoW Protocol and transferred these DAI to an on-chain address labeled as 'Ethereum Foundation' starting with 0x9eE.
It is reported that since the beginning of this year, the suspected Ethereum Foundation address (0xd7...c1f4) has been converting ETH to DAI through CoW Protocol almost weekly or bi-weekly. The amounts typically range from 50, 100, to 200 ETH.#EthereumFoundation #ETH #DAI #CoWProtocol #Arkham #crypto #blockchain
🚀 Ethereum Foundation Sells 100 ETH Worth $257,000
#Ethereum #ETH #EthereumFoundation #cryptocurrency #blockchain #digitalassets #market sentiment #investors #financialmaneuvers
According to Foresight News, Spot on Chain monitoring revealed that approximately 15 minutes ago, the Ethereum Foundation sold 100 ETH, equivalent to around $257,000.
This transaction marks a significant move by the Ethereum Foundation, which is known for its role in the development and promotion of the Ethereum blockchain. The sale of 100 ETH could be part of the foundation's strategy to manage its holdings and fund ongoing projects and initiatives within the Ethereum ecosystem.
The Ethereum Foundation's activities are closely watched by the cryptocurrency community, as its decisions can have a notable impact on market sentiment and the broader blockchain industry. The sale of such a substantial amount of ETH may prompt discussions among investors and analysts regarding the foundation's future plans and the potential implications for the Ethereum network.
As the cryptocurrency market continues to evolve, transactions like these highlight the dynamic nature of digital asset management and the strategic decisions made by key players in the industry. The Ethereum Foundation's recent sale is a reminder of the ongoing developments and financial maneuvers that shape the landscape of blockchain technology.#Ethereum #ETH #EthereumFoundation #cryptocurrency #blockchain #digitalassets #market sentiment #investors #financialmaneuvers