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18 minutes ago

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Nvidia to Shift Manufacturing Back to the U.S., Says CEO Jensen Huang

Nvidia CEO Jensen Huang announced that the company is committed to relocating its manufacturing operations back to the United States. Huang emphasized that this move is beneficial for both Nvidia's business and the American economy, stating, "It's great for our business, it's great for America. Everybody wins." This strategic shift aligns with broader trends of reshoring manufacturing to enhance supply chain resilience and support domestic economic growth.
27 minutes ago

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Senator Warren's Letter Cites DOJ in Defense Against Potential Defamation Suit by CZ

Senator Elizabeth Warren has issued a letter referencing a 2023 Department of Justice (DOJ) press release, suggesting that her recent tweet about Binance CEO Changpeng Zhao (CZ) accurately reflects the DOJ's description of charges against him. This development could complicate any potential defamation lawsuit from CZ, according to a legal expert. The letter implies that Warren's statements are grounded in official DOJ communications, potentially shielding her from legal repercussions. The DOJ's press release reportedly outlines charges that align with Warren's public comments, making it challenging for CZ to pursue a defamation claim successfully.

BNB -1.56%
28 minutes ago

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Kyrgyzstan Launches Bereket Bank for Digital Assets

Kyrgyzstan's President Sadyr Japarov announced the establishment of Bereket Bank, a private digital asset bank proposed by Binance founder Changpeng Zhao. The bank aims to attract significant foreign investments and will focus on virtual assets. Japarov emphasized that Bereket Bank is a private entity with no government ownership or involvement from his family.

BNB -1.56%
29 minutes ago

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Fed Governor Waller Advocates for December Rate Cut

Federal Reserve Governor Christopher Waller has urged the central bank to implement another interest rate cut in December. This call for action comes as the Fed continues to navigate economic challenges and aims to stimulate growth. Waller's statement adds to the ongoing debate within the Federal Reserve regarding the appropriate monetary policy to support the U.S. economy.
30 minutes ago

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Kyrgyzstan Launches 'Bereket Bank' Focused on Digital Assets

Kyrgyzstan's President Zhaparov has announced the establishment of 'Bereket Bank', a private bank focused on virtual assets and digital currencies. The concept for the bank was proposed by Binance founder Zhao Changpeng and developed in collaboration with former Speaker Marat. The bank is expected to attract billions of dollars in investment to the country.

BNB -1.56%
45 minutes ago

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Whales Initiate Large $ASTER Short Positions on HyperLiquid

Significant short positions in $ASTER are being opened by large investors on the HyperLiquid platform. Wallet "0x9ee" has deposited $13.3 million to establish a short position currently valued at approximately $52 million, with plans to expand this position. Additionally, wallet "0xBAD" has deposited $3.8 million for a short position valued at $18 million. These moves indicate a strategic bearish outlook on $ASTER by these investors.

ASTER +23.10%
49 minutes ago

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Trader Takes $51.56 Million Short Position Against CZ on Hyperliquid

A trader with the address 0x9ee…1daAb has taken a bold stance against CZ by holding a $51.56 million short position on $ASTER on the Hyperliquid platform. The position, opened at an average price of $1.2, currently shows a profit of $370,000. Despite opening the short position days ago, the trader continued to add to it within an hour of CZ's tweet, recently adding $12 million in USDC as margin. The trader has also placed limit sell orders worth $24.51 million in the price range of $1.3488 to $1.3947, indicating a strong commitment to the short strategy.

ASTER +23.10% HYPE -4.84% USDC -0.01%
50 minutes ago

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Tether Launches USAT Stablecoin to Meet U.S. Regulatory Standards

Tether has introduced a new compliant stablecoin, USAT, designed to adhere to the GENIUS Act's regulatory requirements. This includes maintaining 100% cash and U.S. Treasury reserves, undergoing monthly audits, and ensuring KYC compliance. USAT is issued by Anchorage Bank and custodied by Cantor Fitzgerald. Meanwhile, Tether's existing USDT stablecoin will continue to operate offshore, backed by reserves including gold and Bitcoin. With this dual stablecoin strategy, Tether aims to maintain its presence in the global market while entering the U.S. regulated market, positioning itself to compete with other stablecoins like USDC.

BTC -0.37% USDC -0.01% USDT +0.02%
1 hour ago

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Investor Shorts $25 Million in ASTER on HyperLiquid

An investor has shorted $25 million worth of ASTER on the HyperLiquid platform, according to MLM monitoring. The investor has been placing sell orders around the $1.1841 mark, indicating an attempt to short additional ASTER. The motivation behind this significant short position remains unclear, with possibilities ranging from strategic positioning to maintaining a neutral stance.

ASTER +23.10%
1 hour ago

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Binance Co-Founder CZ Buys ASTER, Coin Surges Over 20%

Binance co-founder CZ announced on Twitter that he has purchased ASTER tokens using personal funds, emphasizing that he is not a trader but a holder. Following this announcement, ASTER's price surged over 20%, currently trading at $1.19. A screenshot revealed CZ's account holding 2,090,598.14 ASTER tokens, acquired at a price of $0.913 each.

ASTER +23.10%
2 hours ago

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Vitalik Buterin Advocates for Open Source Self-Driving Cars

Ethereum founder Vitalik Buterin has called for the development of open source and verifiable self-driving cars. Buterin emphasized the importance of transparency and accountability in the technology, suggesting that open source models could enhance safety and trust in autonomous vehicles. His comments highlight a growing interest in applying blockchain principles to other technological domains.

ETH -1.13%
2 hours ago

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Crypto Whale Increases SOL Holdings to $110 Million

A prominent crypto whale has completed the purchase of $2.45 million worth of Solana (SOL), bringing their total SOL holdings to approximately $110 million. This positions their SOL investment on par with their Ethereum (ETH) holdings. The whale's current portfolio includes 39,000 ETH valued at $150 million, 1,070.02 Bitcoin (BTC) worth $111 million, 600,839.53 SOL valued at $110 million, and 70,775.48 HYPE tokens valued at $2.98 million. The acquisition prices for these holdings are $3,845.33 for ETH, $110,114 for BTC, $197.47 for SOL, and $41.48 for HYPE.

BTC -0.37% ETH -1.13% HYPE -4.84% SOL -1.89%
2 hours ago

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Coinbase Aims to Evolve into Global Crypto Infrastructure Provider

Coinbase is transitioning from a single trading platform to a global cryptocurrency infrastructure provider, according to Chief Business Officer Shan Aggarwal. The company's core strategies include expanding its range of tradable assets, promoting stablecoins and institutional crypto applications, and extending its reach into international markets. This shift aims to position Coinbase as the preferred platform for users to store and grow their wealth.

STABLE -1.74%
2 hours ago

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Asia's Top Crypto News: Regulatory Reviews and Asset Freezes

This week in Asia, significant developments in the crypto sector include global regulators reviewing rules for crypto banks, aiming to establish clearer guidelines for the industry. In the United States, Trump announced new trade deals with China, potentially impacting the crypto market dynamics between the two nations. In Hong Kong, the Securities and Futures Commission (SFC) is actively seeking a vendor to develop a crypto monitoring system, enhancing oversight capabilities. Meanwhile, Malaysia is exploring the tokenization of real-world assets, indicating a move towards integrating blockchain technology into traditional asset management. Additionally, Singapore has frozen assets linked to a Cambodian fraud case, highlighting ongoing efforts to combat financial crimes in the crypto space.
2 hours ago

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Phemex Crypto Market Daily: ZKsync and Dash Lead Crypto Gains as Fed Rate Cut and EU Oversight Shape Market (Nov 02)

Key Takeaways:
1. Macro Environment The Federal Reserve's first rate cut of the year to 3.75%-4.00% signals a more accommodative stance, potentially supporting crypto liquidity. EU plans to expand ESMA's oversight of major crypto exchanges, raising compliance costs and scrutiny. Rapid stablecoin growth and regulatory warnings highlight systemic risks, increasing volatility and counterparty risk in DeFi markets. 2. Crypto Market The crypto market saw mixed performance in the past 12 hours, with Bitcoin and Ethereum both experiencing declines amid weak sentiment and ETF outflows. BTC dropped 4.04% to $110,444, while ETH fell 4.76% to $3,864, pressured by risk-off flows. Altcoins were volatile; ZKsync surged 95.34% on Layer-2 hype, DASH jumped 35.49% as privacy tokens gained, and Internet Computer rose 15.76% on Web3 interest. Gains were driven by sector rotation and renewed institutional focus on scaling and privacy. 3. Today's Outlook Key events today include the RBA's monetary policy decision, which may influence global risk sentiment and crypto flows. The Finternet 2025 Asia Digital Finance Summit in Hong Kong gathers regulators and industry leaders, potentially impacting regional policy direction. The BLINK Galaxy Blockchain IDO token sale on Kommunitas Launchpad is set to attract DeFi and Web3 investor attention.

BTC -0.37% DASH +24.82% ETH -1.13% ICP +16.53% SOL -1.89%
2 hours ago

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Treasury Secretary Bessent Advocates for Continued Fed Rate Cuts Amid Falling Inflation

U.S. Treasury Secretary Bessent has stated that the Federal Reserve should persist in reducing interest rates if inflation continues to decline. This recommendation comes as part of ongoing efforts to manage economic stability and growth. Bessent's comments highlight the administration's focus on adapting monetary policy in response to changing inflationary trends.
2 hours ago

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U.S. Appeals Court to Hear SBF Retrial Motion on November 4

The U.S. Court of Appeals for the Second Circuit will hear arguments on November 4 regarding a motion for retrial by FTX founder SBF. Convicted two years ago on seven counts of conspiracy and fraud, SBF was sentenced to 25 years in prison. The hearing will allow the U.S. Attorney for the Southern District of New York, now led by Jay Clayton, and SBF's defense team, led by Alexandra Shapiro, 10 minutes each to present their arguments. The court will not re-examine the charges but will focus on whether the original trial was conducted properly. Judges may ask questions to clarify details during the session.

FTT +3.94%
3 hours ago

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Bitcoin Flows from Spot to Futures Exchanges Decline, Says CryptoQuant CEO

Ki Young Ju, CEO of CryptoQuant, highlighted a significant decrease in Bitcoin transfers from spot exchanges to futures exchanges. This trend suggests that large holders, or whales, are not actively using Bitcoin as collateral for new long positions. Despite a recent price drop, leverage ratios remain elevated. Ju also noted that the average cost per Bitcoin wallet is approximately $55,900, with holders enjoying a 93% profit margin, while on-chain fund inflows continue to be robust.

BTC -0.37%
3 hours ago

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Stablecoin Expansion Poses Financial Stability Risks, Calls for Public Sector-Led Digital Payment Systems

The rapid expansion of stablecoins under current policies may pose a threat to financial stability, according to recent discussions. Experts are advocating for the public sector to take the lead in developing digital payment systems. This approach is seen as essential to safeguarding financial stability and fostering genuine innovation in the financial sector.

STABLE -1.74%
3 hours ago

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Nobel Laureate Warns of Systemic Risks in Stablecoins Despite Legal Status

A Nobel Prize-winning economist has raised concerns about the systemic risks associated with stablecoins, despite their recent legal recognition under the GENIUS Act. The economist argues that stablecoins pose significant risks due to their lack of transparency in reserves and potential for bank runs. Furthermore, the platforms offering stablecoins exploit regulatory loopholes to provide returns without the oversight typical of traditional banking, effectively creating a shadow banking system.

STABLE -1.74%

Nvidia to Shift Manufacturing Back to the U.S., Says CEO Jensen Huang

Senator Warren's Letter Cites DOJ in Defense Against Potential Defamation Suit by CZ

Kyrgyzstan Launches Bereket Bank for Digital Assets

Fed Governor Waller Advocates for December Rate Cut

Kyrgyzstan Launches 'Bereket Bank' Focused on Digital Assets

Whales Initiate Large $ASTER Short Positions on HyperLiquid

Trader Takes $51.56 Million Short Position Against CZ on Hyperliquid

Tether Launches USAT Stablecoin to Meet U.S. Regulatory Standards

Investor Shorts $25 Million in ASTER on HyperLiquid

Binance Co-Founder CZ Buys ASTER, Coin Surges Over 20%

Vitalik Buterin Advocates for Open Source Self-Driving Cars

Crypto Whale Increases SOL Holdings to $110 Million

Coinbase Aims to Evolve into Global Crypto Infrastructure Provider

Asia's Top Crypto News: Regulatory Reviews and Asset Freezes

Phemex Crypto Market Daily: ZKsync and Dash Lead Crypto Gains as Fed Rate Cut and EU Oversight Shape Market (Nov 02)

Treasury Secretary Bessent Advocates for Continued Fed Rate Cuts Amid Falling Inflation

U.S. Appeals Court to Hear SBF Retrial Motion on November 4

Bitcoin Flows from Spot to Futures Exchanges Decline, Says CryptoQuant CEO

Stablecoin Expansion Poses Financial Stability Risks, Calls for Public Sector-Led Digital Payment Systems

Nobel Laureate Warns of Systemic Risks in Stablecoins Despite Legal Status