24/7 Blockchain industry dynamics and breaking crypto news
On-chain data reveals a major whale/institution has sold over 1,074 BTC for $89.39M USDC, using the proceeds to buy 35,346 ETH at an average price of $2,529 within three days. This significant portfolio shift highlights a potential strategic pivot from Bitcoin to Ethereum.
Read MoreMicrosoft aims to more than triple its global data center capacity to over 38 gigawatts by 2032, according to informed sources. This ambitious expansion would exceed peak electricity demand of New York State, focusing primarily on owned and leased facilities while excluding certain emerging cloud providers. Plans remain subject to change due to evolving technology and client needs.
Read MoreThe Philippines' largest crypto exchange faces potential license suspension and fines as regulators investigate alleged ties to offshore gambling operations, threatening its dominant market position.
Read MoreFederal Reserve Governor Lisa Cook has requested to postpone a White House hearing on mortgage fraud allegations until after the December FOMC meeting. Her attorney cited official duties in Europe as the reason. The hearing is part of an investigation initiated by former President Trump.
Read MoreOvernight developments highlight growing institutional crypto adoption and shifting monetary policy. Interactive Brokers launches Ethereum staking, Wells Fargo eyes stablecoins, while Fed officials hint at a nearing end to rate hikes, potentially boosting market sentiment.
Read MoreSouth Korea's benchmark KOSPI index rebounded sharply after five consecutive days of losses, surging as much as 2.6% led by a rally in semiconductor stocks. Foreign and institutional buying provided support, while retail investors sold shares.
Read MoreBitcoin treasury company Strive plans to raise $500M by issuing permanent preferred shares (SATS) with a 15% fixed annual dividend. The firm recently increased its Bitcoin holdings to over 32,000 BTC ($2.7B). Proceeds will fund further Bitcoin acquisitions and income-generating assets.
Read MoreOn October 14, South Korea's KOSPI index surged by 2%, closing at 6156.82. This article examines the market conditions, potential catalysts, and short-term outlook for Korean equities.
Read MoreOn-chain analysis reveals a major ETH holder strategically accumulated 52,000 ETH between July-September at ~$2,161, then systematically sold from late September at ~$2,632, completing the exit on Oct 14. The two-month operation generated approximately $25 million in profit.
Read MoreA senior Iranian diplomat warned that any new US military aggression against Iran would have consequences extending beyond the Middle East. Iran stated it remains open to diplomacy but is prepared for all scenarios.
Read MoreSouth Korea's FIU has approved blocking access to 27 unregistered offshore cryptocurrency exchange websites, expanding its regulatory reach beyond mobile apps. Domestically operated platforms violating rules will face service termination.
Read MoreOn October 13, S&P successfully executed its first-ever on-chain derivatives swap transaction on the Canton blockchain. This transaction, facilitated by two participating institutions, represents a significant step for traditional finance in adopting blockchain for asset tokenization and settling complex financial instruments.
Read MoreThe latest ADP report shows US private payrolls rose by 24.75k in the week ending Sep 26, slightly above the prior reading. This provides fresh insight into labor market resilience ahead of the crucial Nonfarm Payrolls release.
Read MoreWhite House economic advisor Kevin Hassett expressed confidence in the market's trust for the new Fed leadership. He believes the central bank can curb inflation without stifling economic growth, aiming for a 'soft landing'. This statement seeks to reassure markets about the Fed's balanced approach.
Read MoreBinance co-founder He Yi announced the full launch of Binance AI. She emphasized ongoing optimization and openly invited user feedback to refine the product, marking a key step in Binance's AI integration efforts.
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