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BitGo Enhances Security with $250M Insurance, Regulated Cold Storage, and Multi-Signature Protection for Canton Coin Custody
Avalon A1566HA Hydro-Cooled Mining Servers to Bolster Regional Utility's Power Grid in Japan by 2025
Powell stated that inflation still faces upward pressure in the short term, while employment is facing downside risks. The current situation is quite challenging, and there remains significant disagreement within the committee regarding whether to cut rates again in December; a rate cut is not a foregone conclusion. Some FOMC members believe it is time to pause. Powell also mentioned that higher tariffs are driving up prices in certain categories of goods, leading to an overall increase in inflation.
Federal Reserve Chairman Powell stated that a rate cut in December is not inevitable, leading to a significant decrease in market expectations for rate cuts and a decline in risk assets. The crypto market also dropped as a result, with bitcoin falling below $110,000. The trading volume of Bitwise Solana ETF continues to grow. Summary generated by Mars AI. The accuracy and completeness of the content generated by the Mars AI model are still being iteratively updated.
Powell clearly indicated that a rate cut in December is not certain, with hawkish sentiment "awakening"! International trade sentiment is improving, and gold prices remain highly volatile. The Gaza ceasefire remains fragile, while Japan-U.S. relations are entering a "golden era." Nvidia's market value surpasses 5 trillions! Which exciting market moves did you miss this week?
Michael Saylor’s Strategy boosts STRC dividends to 10.5% as Bitcoin treasury firms lose $20 billion amid October selloff.
- 20:50The President of El Salvador acquires supercomputers for the construction of a national artificial intelligence laboratoryJinse Finance reported that Salvadoran President Bukele unveiled the newly acquired Supermicro super server for El Salvador. This server is equipped with eight NVIDIA B300 GPUs, marking the world's first sovereign nation to purchase such advanced artificial intelligence chips. The server will power El Salvador's National Artificial Intelligence Laboratory, which is built using geothermal energy and aims to enhance the country's economic competitiveness and cybersecurity.
- 20:00Peter Schiff: MSTR’s returns will not be realized, leading to sell-offs and triggering a vicious cycleJinse Finance reported that economist Peter Schiff stated that MSTR's business model relies on yield-oriented funds purchasing its "high-yield" preferred shares. However, these announced yields will actually never be realized. Once fund managers realize this, they will sell off these preferred shares, and MSTR will no longer be able to issue any preferred shares, thereby triggering a vicious cycle.
- 18:54The total number of institutions currently holding Bitcoin has reached 355.Jinse Finance reported, citing Cointelegraph, that four more institutions have joined the Bitcoin camp in the past month. The total number of institutions holding Bitcoin has now reached 355.