24/7 Blockchain industry dynamics and breaking crypto news
Yemen's Houthi forces claimed a ballistic missile strike on King Khalid International Airport in Riyadh and a drone attack on a Saudi air base on October 12. The group renewed warnings to airlines and travelers, declaring most Saudi airports unsafe and escalating regional tensions.
Read MoreBitcoin's Long-Term Holder SOPR metric has climbed above its yearly average, with weekly and monthly averages also exceeding the annual level. Analysts suggest this indicates long-term holders are realizing profits again, a pattern reminiscent of the previous bear market's end, potentially signaling a shift in market sentiment.
Read MoreFederal Reserve Vice Chair Harker stated that current interest rates are not restrictive enough. With inflation falling too slowly, he advocates for further rate hikes, preferring smaller, more frequent increases to effectively contain rising inflation risks.
Read MoreMark Zuckerberg announced Meta has reached the AI frontier with its new Muse Wonder model. The model outperforms rivals in key benchmarks, targets enterprise clients, and focuses on personal "super intelligence" over AGI, advocating for managed AI safety.
Read MoreRobinhood CEO Vlad Tenev announced that supporting builders on the chain is a top priority, with increased investment and resources planned. Details of the initiative will be shared soon, encouraging developers to engage.
Read MoreEuropean officials report the US is pressuring Ukraine to halt strikes on Russian energy infrastructure by threatening to cut weapons supplies and intelligence sharing. This move could reshape the Western aid mechanism, with the White House declining comment. Analysts see potential strategic recalibration.
Read MoreU.S. mortgage bond funds have seen historic outflows over three weeks as soaring rates fuel market volatility. The MBS index recorded one of its worst monthly performances, with bank demand likely to weaken further due to Fed tightening. High mortgage rates may curb supply, but selling pressure remains intense.
Read MoreA new energy report suggests global crude oil demand may have peaked as early as 2025. Biofuels, geopolitical disruptions, and electric vehicles are structurally reducing reliance on traditional oil, particularly in transportation.
Read MoreOn October 12th, WTI crude oil surged past $94 per barrel, marking a 2.35% intraday gain. This analysis explores the key drivers behind the rally, including geopolitical tensions, supply-demand dynamics, and broader economic factors shaping the energy market outlook.
Read MoreStripe, Mastercard, and Circle have invested over $30 billion in three stablecoin infrastructure firms within two years. This surge reflects booming stablecoin adoption, clearer regulations, and explosive demand for cross-border payments, signaling a major convergence of traditional finance and crypto.
Read MoreA Bank of America strategist forecasts S&P 500 Q3 earnings growth at 32%, surpassing consensus estimates. While pre-season conditions are favorable with upward revisions, concerns are raised about emerging headwinds like a stronger dollar.
Read MoreLast week saw a dramatic 90.6% drop in net Bitcoin purchases by global public companies, signaling cooled buying sentiment. However, strategic investors like Strategic Capital counter-trend added 250 BTC. Total corporate holdings grew slightly by 0.3%, now valued at ~$96.57B, representing 5.8% of circulating supply.
Read MoreKazakhstan's central bank is shifting from a net gold buyer to a seller, planning to reduce gold's share in its reserves by about 3%. The deputy governor cited high U.S. bond yields enhancing the dollar's appeal over gold. This move may signal a turning point in the prolonged global central bank gold-buying trend.
Read MoreTrader Killa warns that Bitcoin is testing a critical breakout zone around $80K. Bulls must demonstrate strong buying support here to sustain the uptrend. Failure could lead to a breakdown, potentially pushing BTC back to the $76K-$78K range as market structure weakens.
Read MoreUS mortgage bond funds saw massive outflows in September, ranking among the seven worst since early 2021. Soaring interest rates drove investors away from volatile assets, with a key index posting its second-worst performance on record. Rising Treasury yields, inflation fears, and Fed policy expectations fueled the sell-off.
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