The Nasdaq expanded its gains to 2 percent, with the S & P 500 up 0.93 percent and the Dow up 0.27 percent. NVIDIA (NVDA. O) expanded its gains to 7.4 percent.
Goldman Sachs doesn't expect much new information from tomorrow's Federal Reserve January interest rate decision. The FOMC is likely to acknowledge signs of a stabilizing labor market in its statement, but is unlikely to provide forward guidance for policy action in March. The tariffs are expected to lead to a modest, one-off rise in inflation that the Fed is likely to ignore. Historically, Fed officials have played down the inflationary impact of tariffs and focused more on the potential GDP im...
The Atlanta Fed's GDPNow model projects U.S. GDP growth of 3.2% in the fourth quarter, compared with a previous estimate of 3.0%.
Yzi Labs announced a $16 million investment in Sign, an on-chain infrastructure for token distribution and voucher verification. It is reported that Sign is aggregating verified credentials on the chain to build a larger network, thus creating a more transparent and secure token distribution infrastructure.
The Atlanta Fed's GDPNow model projects U.S. GDP growth of 3.2% in the fourth quarter, compared with a previous estimate of 3.0%.
Symbiotic, a re-staking infrastructure provider, announced that it will launch the Ethereum mainnet today, becoming the first fully permissionless re-staking protocol to run in a production environment. The protocol allows users to pledge any ERC-20 tokens and implement a reduction mechanism to ensure cyber security. Several projects have planned to deploy applications based on Symbiotic, including Chainbound and Router.
On January 28th, OpenAI announced on Tuesday the launch of its largest product since the launch of the enterprise. The product is called ChatGPT Gov and is designed for use by the US government. The Microsoft-backed company is positioning the new platform as a step up from ChatGPT Enterprise in terms of security. Kevin Weil, OpenAI's chief product officer, told reporters at a briefing on Monday that it allows government entities to operate as customers in their own secure hosting environments an...
On January 28th, Layer 1 network developer Pod announced the completion of a $10 million seed round of financing to build a "consensus-free" Layer 1 network with transaction speed comparable to the response time of Google search. This round of financing was led by a16z CSX and 1kx. Participants included Flashbots, Blockchain Builders Fund and Protagonist, as well as several angel investors from Celestia, Babylon and Axelar. The Pod is expected to go live on the developer network (devnet) in the ...
On January 28, BlackRock-led tokenization platform Securitize announced that Wormhole has been launched as its main interoperability solution. The Wormhole feature will allow funds tokenized on the Securitize platform to be transferred seamlessly and securely between all blockchain networks backed by Securitize, whose clients include Hamilton Lane, KKR and BlackRock. Securitize launched the BlackRock Dollar Institutional Digital Liquidity Fund (BUIDL) in March 2024, with total assets under manag...
According to a Jan. 28 announcement, FTSE Russell has partnered with blockchain data provider SonarX to create new indices and data products. By providing cryptocurrency-focused data, FTSE Russell plans to "better serve the needs of our institutional client base," said Kristen Mierzwa, head of digital assets at the firm. More specifically, FTSE Russell plans to use on-chain indicators and market data from various cryptocurrencies to build a fundamentally weighted index, which is based on...
"There is a major new technology that will undoubtedly change the world and succeed, but some people confuse that with the success of the investment," Mr. Dalio said.