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Jerome Powell's latest remarks suggest that the Federal Reserve may cut interest rates again this month.
Quick Take Summary is AI generated, newsroom reviewed. Fidelity clients invested $154.6 million in Ethereum, signaling strong institutional interest. The move boosts overall crypto market confidence and mainstream adoption. Ethereum institutional investment continues to grow due to staking rewards and network upgrades. Fidelity’s participation highlights the merging of traditional finance and blockchain innovation.References JUST IN: Fidelity clients buy $154.6 million worth of $ETH.
Quick Take Summary is AI generated, newsroom reviewed. Tom Lee and Arthur Hayes predict Ethereum could reach $10,000 by end of 2025. Institutional adoption and clearer regulations support growth. Ethereum upgrades improve speed, efficiency, and scalability. Investors should research and diversify before investing.References BULLISH: Tom Lee and Arthur Hayes call for a $10k $ETH price.
After the meme craze fades, perhaps it's time to refocus on the prediction market.
- 11:44BlackRock and Nvidia, along with others, acquire data center operator Aligned for $40 billion to expand AI data center infrastructureAccording to ChainCatcher, citing a report from the Financial Times, a consortium consisting of BlackRock, Nvidia, xAI, Microsoft, and others has announced the acquisition of US data center giant Aligned Data Centers for approximately $40 billion. This move aims to meet the rapidly growing global demand for AI computing power. The consortium also includes GIP, MGX, Temasek, and the Kuwait Investment Authority. They plan to double the number of Aligned's 50 campuses in the Americas and, through the AI Infrastructure Partnership, mobilize a funding pool of up to $100 billion for further acquisitions and construction.
- 11:44Publicly listed company Matador increases holdings by 5 BTC and raises $100 million in fundingChainCatcher news, according to GlobeNewswire, the listed company Matador announced that it has spent approximately $579,188 to purchase an additional 5 BTC, with an average price of $115,933 per bitcoin. The company's current bitcoin holdings have reached 82 BTC. The company also disclosed that it is raising $100 millions through a secured convertible note financing with ATW Partners.
- 11:44Data: sUSDD TVL surpasses 1 million USD, offering 12% APY savings yieldChainCatcher News, according to official sources, the total value locked (TVL) of the decentralized stablecoin USDD interest-bearing token sUSDD has surpassed 1 million USD. sUSDD was officially launched on October 6, providing a decentralized and transparent savings system. Users can convert USDD to sUSDD, and after depositing, they can automatically enjoy an annual percentage yield (APY) of 12% without the need for staking or locking, thus achieving asset appreciation. According to the official statement, the launch of sUSDD makes crypto asset savings more accessible, safer, and user-friendly, marking a new chapter for DeFi. Risk Warning