24/7 Blockchain industry dynamics and breaking crypto news
A 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.
Read MoreAn investigation reveals a widespread supply chain breach affecting Ledger hardware wallets sold across major European electronics retailers. Devices were pre-installed with spyware and extra hardware modules before sale, impacting over 1000 stores. Users urge an immediate recall and advise thorough checks for devices bought from unofficial channels.
Read MoreBitwise CIO Matt Hougan compares the market size at the launch of gold ETFs ($2.5T in 2004) versus Bitcoin ETFs ($2T in 2024). He suggests Bitcoin could follow gold's growth path, potentially reaching a $30T market, with the main risk being investor resilience through cycles—a process that may take a decade.
Read MoreBofA strategist Savita Subramanian forecasts S&P 500 Q3 earnings growth at 32%, above the 27% consensus. She cites strong corporate guidance and favorable macro conditions, but flags the dollar as a potential headwind ahead.
Read MoreKazakhstan's central bank has begun selling gold reserves following rising US Treasury yields, signaling a strategic shift in asset allocation amid changing global interest rate conditions.
Read MoreRecent ETF flow data reveals a sharp divergence between Bitcoin and Ethereum. Bitcoin ETFs attracted over $10 million in single-day inflows, signaling dip-buying interest. In stark contrast, Ethereum ETFs saw massive outflows exceeding $64 million, indicating significant selling pressure. Both assets recorded multi-billion dollar net outflows over a seven-day period, reflecting ongoing market caution.
Read MoreAxe Compute, an AI computing infrastructure company, completed its bell-ringing ceremony on Nasdaq on October 12th. Its partner announced continued collaboration to build next-generation AI compute infrastructure, signaling a new phase in computational power development.
Read MoreU.S. stocks opened with mixed performance as the Dow and S&P 500 edged up while the Nasdaq dipped. The Philadelphia Semiconductor Index plunged nearly 2%, dragging down major memory chip stocks. Starbucks and Chipotle moved on acquisition speculation.
Read MoreNASDAQ-listed TROOPS has entered into a conditional acquisition agreement with EFFORCE Group, co-founded by Apple's Steve Wozniak. The merger aims to combine TROOPS's business ecosystem with EFFORCE's blockchain infrastructure and regulatory credentials, expanding into carbon credits and green certificate trading to build a diversified digital asset and sustainability platform.
Read MoreBroadcom's CEO warns capital is now the top constraint for AI, surpassing chips and power. He criticizes speculative investments, noting even high-revenue firms face losses due to training costs. Chip shortages may ease after 2028, but financing costs and uncertain returns remain key hurdles.
Read MoreAMD has launched its Helion Agentic AI rack-scale solution on October 12th. This move signifies AMD's strategic entry into the integrated AI infrastructure market, offering optimized hardware for enterprise AI workloads and potentially reshaping competition in high-performance computing.
Read More