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Citigroup is considering offering custody services for stablecoin and crypto ETF collateral, exploring stablecoins as a viable option to improve payment systems.
Share link:In this post: Tesla’s sales in Norway have surged despite growing discontent among Norwegians regarding Elon Musk’s political stance. SpaceX’s BTC holdings have crossed the $1 billion mark again. Tesla’s deep ties in Norway influence its consistent sales numbers, but it is slowly losing its dominance as more rivals make headway.
Share link:In this post: Elon Musk says Google currently has the highest probability of leading AI due to its compute and data advantage. Google will invest $9 billion in Oklahoma to expand AI and cloud infrastructure over the next two years. The plan includes a new Stillwater data center campus and expansion of its Pryor facility.
Share link:In this post: Hon Hai Precision Industry (Foxconn) reported a 27% increase in Q2 profits, driven by sales in its AI server business. The company reported a net income of NT$44.36 billion for the period, surpassing an average analyst projection of NT$36.14 billion. It also expects significant growth in Q3 and the rest of the year.
Share link:In this post: US PPI jumped 3.3% in July, the highest annual gain since February. Monthly PPI rose 0.9%, blowing past the 0.2% forecast. Service costs surged, led by machinery wholesaling and portfolio fees.
Share link:In this post: The EU is preparing a 19th sanctions package against Russia, targeting next month for adoption. Trump will meet Putin in Alaska without Zelenskyy, raising concern among European and Ukrainian officials. Trump warned of “very severe consequences” if Putin refuses to pursue a ceasefire.
- 15:02Nobel laureate: The U.S. economy is in an abnormal state, with key sectors facing development obstaclesJinse Finance reported that on October 22 local time, Nobel Prize-winning economist Paul Krugman published an article on the US subscription platform Substack, stating, "At present, the US economy is in an abnormal state on multiple levels. The most direct issue is that the government shutdown has delayed the release of the September employment report, leaving policymakers in a state of 'partial blindness'." He pointed out that while US economic data appears acceptable on the surface, a deeper analysis reveals that many objective indicators show the US economy is flashing red lights. He said this "abnormal" state is first reflected in the severe divergence of the economy: while the artificial intelligence sector is booming, other sectors are stagnating. Secondly, the economy is showing a "frozen" state in many aspects: although there have not yet been large-scale layoffs, it is very difficult for the unemployed or those just entering the labor market to find new jobs. Thirdly, although investment in the artificial intelligence sector has driven economic growth, this growth is showing a "K-shaped divergence," and the signals of distress among middle- and low-income consumers have become very obvious. (Golden Ten Data)
- 14:38Data: The "100% win rate whale" has increased BTC short positions to 666 coins, currently with an unrealized loss of $1.17 million.ChainCatcher news, according to on-chain analyst @ai_9684xtpa, 30 minutes ago, the "100% win rate whale" counterparty has increased their short position to 666 BTC, with a total position size of $74.43 million and an average entry price of $110,004.1. Currently, they are facing an unrealized loss of $1.17 million.
- 13:42Bank of Ghana: Plans to implement bitcoin and cryptocurrency regulation by the end of 2025Jinse Finance reported, citing market sources: The Central Bank of Ghana has announced plans to establish regulations related to bitcoin and cryptocurrencies by the end of 2025. By then, Ghana will become the ninth African country to adopt digital asset legislation.