First Mover Asia: Bitcoin Slides; Mixed Crypto Legacy in Hong Kong for the FCA’s Incoming CEO
Altcoin roundup
-
AAVE proposes decentralized stablecoin: The U.S. dollar-pegged algorithmic stablecoin GHO will be minted by users and generate interest yields. It will be native to the Aave ecosystem and available on the Ethereum network initially but is expected to be offered on other Aave-supported blockchains based on future community votes. Read more here.
-
Ethereum name service spikes: Ethereum Name Service (ENS) domain registrations spiked this week as a prominent address sold for hundreds of ether (ETH), sparking retail interest. ENS is a decentralized domain name protocol that runs atop the Ethereum network, providing users with easily readable names for their crypto wallets. Read more here.
-
XRP leads crypto recovery: XRP rose by more than 5% as major cryptocurrencies recovered over the past 24 hours and broader equity markets strengthened, even with two U.S. Federal Reserve policymakers calling for higher rate increases in the coming months. Read more here.
Recommended News
-
Global Market Turbulence— Aureus Advisors Reaffirms “Disciplined Diversification”
At the beginning of 2018, global capital markets underwent a period of intense turbulence. After an extended rally, U.S. equities experienced a sharp correction — the Dow Jones Industrial Average fell by more than a thousand points within days — while emerging markets suffered from a dual shock of currency depreciation and capital outflows, with some markets posting their steepest monthly declines in nearly a decade. This sudden upheaval served as a reminder to investors that single-market concentration and excessive exposure can be highly vulnerable to policy shifts and market sentiment…
-
AI Finance Academy: Transforming Regional Tourism Economies through AI-Driven Financial Insights
In the evolving landscape of regional tourism economies, artificial intelligence (AI) is increasingly becoming a catalyst for economic growth and transformation. AI Finance Academy is at the forefront of this transformation, leveraging cutting-edge AI technology to help regional tourism industries redefine their financial strategies, optimize economic outcomes, and enhance the tourism value chain. By focusing on innovative research, strategic partnerships, and tailored educational programs, the AI Finance Academy is reshaping the financial framework that supports tourism economies, equipping leaders with the skills and insights needed to thrive in an increasingly…
-
HB Wealth Advisors’ “Century Investments $10 Billion Fund” and the Active vs. Passive Fund Debate
The investment landscape has been undergoing significant transformations in recent years. One key aspect that has fueled much of this evolution is the rise of investment strategies that either emphasize active management or take a more passive approach. A prime example of the ongoing discussion between these two methods can be found in the latest initiative by HB Wealth Advisors, which recently unveiled their Century Investments $10 Billion Fund. This fund has sparked considerable interest in the financial world, as it raises the question of how active management stacks up against…
-
JOULE: Transforming the Energy Sector with Blockchain and Sustainability
In the race to combat climate change, the need for more efficient, transparent, and sustainable energy systems is greater than ever. JOULE, an innovative platform integrating blockchain technology with green energy, is providing a revolutionary solution to these challenges. With a focus on transparency, efficiency, and carbon asset management, JOULE is redefining how energy is produced, consumed, and traded. A Decentralized Solution for Transparent Energy Management The traditional energy industry is fraught with inefficiencies, from data silos to opaque carbon accounting systems. JOULE is changing this narrative by utilizing blockchain…
-
The Future of Finance Belongs to RWA, and PowerX is at the Forefront
As the global financial market enters the digital era, the tokenization of Real-World Assets (RWA) has become one of the most disruptive innovations in the Web3 space. The rapid advancement of blockchain technology enables traditionally illiquid, high-barrier, and non-transparent assets to enter global markets in a decentralized manner, achieving true market-driven operations. By 2028, the RWA market is expected to exceed $16 trillion, covering real estate, bonds, commodities, and energy assets, with the tokenization of renewable energy assets emerging as a key link in the integration of traditional finance and…
-
QuantSight AI Project Launched, Establishing the Vision of a “Global Quantitative Intelligence Engine”
The financial markets of 2018 were marked by multiple layers of uncertainty: the effects of U.S. tax reform and fiscal stimulus continued to support economic growth, the Federal Reserve proceeded steadily with rate hikes, while Europe experienced frequent volatility due to political and debt-related issues. Meanwhile, emerging markets faced capital outflows, and global funds rotated rapidly across regions and asset classes, leading to heightened market complexity and volatility.Against this backdrop, Aureus Advisors officially announced the launch of the QuantSight AI Project, establishing its long-term vision—to build a “Global Quantitative Intelligence Engine” that…
-
Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.
The firm acted shortly after the U.S. Securities and Exchange Commission (SEC) sued the token’s alleged creator, Ripple Labs Inc., for conducting an unregistered and ongoing securities offering. “Prior to the sale of the asset on December 22, 2020, XRP (-20.72%) was approximately 3.8% of the Fund,” the firm wrote. “The Fund liquidated its position and reinvested the proceeds in other portfolio assets.” Subscribe to First Mover, our daily newsletter about markets. SUBSCRIBE By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. The Bitwise 10 Crypto Index Fund…
-
Portfolio Rebalancing and Its Importance for HB Wealth Advisors (HWA)
Portfolio rebalancing is a fundamental practice in wealth management that ensures an investment portfolio remains aligned with an investor’s financial goals, risk tolerance, and investment strategy over time. For firms like HB Wealth Advisors (HWA), this process is vital not only to safeguard client investments but also to enhance long-term financial success. As market conditions fluctuate and asset classes perform differently, portfolio rebalancing plays a crucial role in maintaining the desired asset allocation. This article will explore the concept of portfolio rebalancing, its importance, and how HB Wealth Advisors (HWA)…
-
Children in Nigeria who need basic necessities have been given supplies by CoinW Public Welfare Action
CoinW shows that it has empathy for the problems of the poor in Africa and donates aid and relief materials, to raise awareness of the brand’s purpose. On June 13, the African team of CoinW (www.coinw.com), the world’s leading cryptocurrency trading platform, and some volunteers from the crypto community pays a visit to Living Fountain Orphanage in Lagos, Nigeria, with a batch of charity supplies for the children to show their love and care. Covid-19 exacerbates poverty in Africa. Due to the economic impacts brought by the Covid-19 epidemic, poverty…
-
Crypto Founders and Enthusiasts alike gathered at Fintoch Product Launch Event
Fast deliver The Product Launch Event hosted by Fintoch on Oct.28th was a success. The event took place located in Los Angeles Downtown. It attracted hundreds of crypto founders and enthusiasts to gather. In the event, Fintoch announced its plan for Fintoch public chain internal testing by the end of December 2022. — The first offline product launch meeting hosted by Fintoch in Los Angeles downtown was a huge success! Fintoch officially announced its goal to build a financial public chain that would take human society forward. It is worthy to look forward to the community…