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Euro-Zone Core Inflation Hits 1-Year Low, Backing ECB Pause
Euro-area core inflation eased to its slowest pace in a year, supporting expectations that the European Central Bank will keep interest rates on hold to gauge the impact of its unprecedented campaign of hikes.
Underlying price gains, which strip out energy and food costs, came in at 4.5% in September. That’s down from 5.3% in August and much less than the 4.8% median estimate in a Bloomberg survey of economists.
Headline inflation moderated to 4.3% from 5.2%, an almost two-year low...
SEC Launches Proceedings to Determine Fate of Spot Bitcoin ETFs, /invites Public Comment
The U.S. Securities and Exchange Commission (SEC) submitted several filings on Sept. 28 that concern pending spot Bitcoin exchange-traded funds (ETFs).
Those filings act as orders that institute proceedings through which the SEC will determine whether to approve or reject proposed rule changes. If these rule changes are approved, it could pave the way for spot Bitcoin ETFs to commence trading on commodities exchanges.
World Stocks Nudge Up, Bonds Rally in Bright End to Grim Quarter
World shares nudged higher on Friday, while better-than-expected euro zone inflation data boosted government bonds, with both asset classes still set for their worst quarter in a year in response to central banks' pledge to keep interest rates high.
MSCI's broad index of global stocks gained 0.4% on Friday, while European and U.S. government bonds rallied strongly to reflect markets resetting interest rate bets.
Binance Ending Operations in Russia — Crypto Exchange to Focus on 100+ Other Countries
Crypto exchange Binance is closing down all exchange services and business lines in Russia. The company has entered into a sales agreement with Commex. A Binance executive explained that operating in Russia is not compatible with the company’s compliance strategy.
“We remain confident in the long-term growth of the Web3 industry around the world and will focus our energy on the 100+ other countries...
A widely followed crypto analyst is warning of a Bitcoin (BTC) crash due to several factors, including a possible recession.
In a new strategy session, DataDash host Nicholas Merten tells his 512,000 YouTube subscribers that Bitcoin could plummet nearly 63% from its current value after entering a descending accumulation channel that formed back in 2021.
Gemini to halt operations in the Netherlands by mid-November
Crypto exchange Gemins has decided to quit the Netherlands, following in the footsteps of crypto giant Binance. The company cites its inability to meet regulators’ requirements but says it intends to return to the Dutch market.
Gemini asks its users to either withdraw their assets or transfer them to another wallet address, as the platform will suspend its operation in the Netherlands by November 17...
Introducing Algorithmic Feeds in LEO | For You
Leo continues to improve the user experience through the enhancements and features being added to the interface.
It is soon release the very first 'For You' feed algorithm on Hive and it likely become the standard for feeds on the blockhain. They will first roll out the feature on Threads and then next for blog posts.
LeoFinance is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.