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South Korea's Financial Services Commission (FSC) said it plans to gradually lift restrictions on institutional investors opening accounts on cryptocurrency exchanges. The FSC will work with the Digital Assets Commission to open up the participation of non-profit organizations for the first time. Currently, South Korea's Financial Information Use Act only allows real-name verified retail investors to trade cryptocurrencies. The move is part of President Yoon's commitment to promote the developme...
OpenAI says it has identified the cause of the outage of ChatGPT, API, and Sora services.
Initial U.S. claims for unemployment benefits fell last week, suggesting the economy still avoids a wave of mass layoffs in the final stretch of 2024. The Labor Department said Thursday that 219,000 people filed for new unemployment benefits in the week ending Dec. 21, compared with 220,000 the week before and market expectations for 225,000. The U.S. unemployment rate is currently 4.2 percent, which is still fairly modest by the standards of the past decade. But at 202...
OpenAI says ChatGPT is currently experiencing an outage. The issue has been identified and efforts are underway to roll out a fix.
TD Securities said the latest market reaction following Trump's victory suggested that the market expected a combination of tax cuts and tariffs to push up the Federal Reserve's neutral interest rate. We are changing our forecasts for the Fed because rising inflation will lead to a slower pace of rate cuts in 2025. We now expect the Fed to cut rates by 25 basis points each in November, December and January, then pause in March. The Fed will continue to cut rates - pause - cut rates in 2025, and ...
Recent US data suggest the Fed could cut rates by 25 basis points in the middle of the week. Kit Juckes, macro strategist at Socie ́ te ́ Ge ́ ne ́ rale, said the market could force the Fed to cut rates by 50 basis points. He added that US retail sales and industrial production data in the coming days could influence perceptions, saying the FOMC might be concerned about falling behind if weak retail sales pushed pricing higher.
As Terraform Labs (TFL) begins to wind down operations, Proposition 4818 will be the last chain upgrade they implement, Terra said. Under TFL's settlement agreement with the Securities Exchange Commission (SEC) and the implementation of its proposed Chapter 11 bankruptcy plan, TFL will no longer be able to support future chain upgrades. Terra said that in the future, it will seek community-driven initiatives such as Phoenix Directive to take over responsibility for the maintenance and operation ...
The situation in the Middle East shows that any attack on Israel will happen within days, so it may fall on the weekend again. Traders need to be alert to the risks facing the opening of the market on Monday.
Blur previously stated that some users were incorrectly marked as unenforceable bids and loans in the detection script, so they did not receive BLAST tokens in the Blast airdrop. The relevant script has been fixed, 34 addresses were affected by the wrong marking and recalculated their airdrops. The correct airdrop amount and 20% compensation have been sent to the affected addresses to cover the loss caused by the delay (a total of 17 million BLAST).
Analysts say the bitcoin market may be entering a consolidation phase characterized by gradual selling by long-term holders. According to Bitfinex analysts, long-term bitcoin holders and large investors appear to be behind the recent bitcoin sell-off, both on exchanges and over the counter. Historically, long-term holders tend to sell their bitcoin holdings gradually during bull markets, especially when the market...
Bloomberg ETF analyst Eric Balchunas posted on social media that the SEC has not yet made any updates on the resolution of the Ethereum spot ETF. Some people say it will be delayed until later today, but there is no reliable news for the time being. Although it has not been confirmed, considering that Trading & Markets itself received the notification at the last minute, the delay is not too much at all. Although everything heard so far indicates that it will be approved.
IntoTheBlock analyst Slim Daddy said that the average transaction fee for ETH fell below $2.60 per transaction on April 27. According to IntoTheBlock, the last time we saw such a fee decline was in October 2023, when it was as low as $1.78. The decrease in average transaction fees typically indicates that the efficiency of blockchain networks in processing transactions is improving, and network congestion is decreasing.
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