Balita sa Industriya ng Crypto at Market Trends

Binance Suspends Multichain Deposits as Rumors Swirl

Balita ng Ethereum ng Bitcoin　　Binance has temporarily suspended token deposits to Multichains bridge token networks after five days of stuck transactions on several cross-chain pathways.　　Affected swap pairs include POLS-BSC, ACH-BSC, BIFI-FTM, SUPER-BSC, AVA-ETH, SPELL-AVAXC, ALPACA-FTM, FTM-ETH, FARM-BSC, and DEXE-BSC.　　No Word From Multichain on Releasing Funds and Clearing Pathways　　The crypto exchange suspended deposits after the Multichain management team did not address the stuck transactions. Crypto Twitter speculated the project might be under force majeure after its management was allegedly arrested in China.　　Multichain co-founder DJ Qian insisted that the team CEO was “not available yet” amid increasing frustration on the projects Telegram group.　　One user, Emeka Achodor, claimed their funds were stuck for five days on Thursday. Several other users complained of diminishing ETH liquidity across all Multichains pools.　　Multichain allows crypto asset swaps over bridges through pegged tokens or liquidity pools. A router determines the best swap method.　　Users can swap tokens across 70 chains, including Fantom, Kava, and Harmony, using cross-chain bridges or a network of liquidity pools. They can exchange multichain tokens like USDC only if sufficient liquidity exists on both chains.　　Neu13 pointed out that funds in smart contracts prove that the team didnt execute a rug pull.　　Neu 13 Suggests Team May

2023-05-25Industriya

Crypto Leverage ‘Is Only a Problem’ When it Impacts Traditional Finance: EU Watchdog

Balita ng Ethereum ng Bitcoin　　Crypto contagion risk is low today, but a European watchdog is keen to keep it that way.　　A new report from the European Systemic Risk Board (ESRB) found that the industrys economic impact is minimal, but recommends policy options that would allow EU bodies to better monitor the crypto sector and mitigate any risks.　　Among other suggestions, such as actively monitoring contagion and education, the ESRB also highlighted the importance of monitoring leveraged trading in the crypto industry.　　Assessing the state of crypto trading in Europe today, the European watchdogs report also suggests that “coordination and cooperation” between Europe and countries abroad is crucial to ensuring that this economic impact does indeed stay low. This is due to the “cross-border nature” of cryptocurrencies, said the ESRB.　　Its expected to generate further discussion around the matter, specifically how to ensure that the risks related to the interconnection of crypto and traditional finance remain low.　　“The approach should be to further monitor the situation and not implement strict policies preemptively, in particular as the risk for banks from direct exposure to crypto-assets has already been limited by the Basel Committee‘s mandate that crypto-assets other than tokenized RWAs and should have a risk weight

2023-05-25Industriya

Jim Cramer on Dollar Tree earnings: ‘estimates were horrendous’

Balita ng Ethereum ng Bitcoin　　Shares of Dollar Tree Inc (NASDAQ: DLTR) are down 15% on Thursday after the discount retailer said it missed earnings estimates in its fiscal first quarter.　　Dollar Tree stock down on slashed guidance　　The stock is taking a hit also because the management cited “elevated shrink” and trimmed profit guidance for the full year.　　Dollar Tree now forecasts up to $6.13 of per-share earnings in fiscal 2023. Reacting to its outlook, famed investor Jim Cramer said today on CNBCs “Squawk on the Street”:　　They reported same-store sales that werent that good. But their estimates, horrendous.　　Overall comparable sales climbed 4.8% in its recently concluded quarter versus up 3.6% expected. Dollar Tree stock is now down 5.0% versus the start of the year.　　Notable figures in Dollar Tree earnings　　Nakakuha ng $299 milyon kumpara noong nakaraang $536.4 milyon　　Ang mga kita sa bawat bahagi ay bumaba rin mula $2.37 hanggang $1.35　　Inayos ang EPS na naka-print sa $1.47 ayon sa press release　　Ang kita ay tumaas ng 6.1% taon-sa-taon sa $7.32 bilyon　　Ang pinagkasunduan ay $1.52 isang bahagi sa $7.28 bilyong kita　　Gross margin contracted 340 basis points to 30.5%　　The retailers guidance for the current quarter also came in well below the Street estimates. Cramer added:　　Seems like they don‘t

2023-05-25Industriya

U.S. Treasury yields soar and Bitcoin stumbles amid debt ceiling, rate hike concerns

Balita ng Ethereum ng Bitcoin　　U.S. Treasury yields experienced a notable rise this week, causing increased apprehension in the market. Notable upswings occurred on Wednesday and Thursday when concerns over the debt ceiling and speculation over interest rate hikes pushed yields to record highs.　　In the early hours of Thursday, May 25, the yield on the 12-month Treasury bill reached 5.18%, while the 6-month bill reached 5.41%. The yield on the 3-month bill reached 5.33%. The 10-year Treasury reached 3.76%, while the 2-year Treasury saw a seven basis point increase to 4.46%.　　Yields on 10-year, 2-year, and 1-month Treasury bills on May 25 (Source: Bloomberg)　　“Treasuries” refer to U.S. government securities that represent the debt obligations of the United States government as it borrows money to finance its operations. Treasury yields are the return on investment investors receive by holding these securities. They are a vital benchmark in the financial market, serving as a critical indicator of market sentiment, inflation expectations, and overall economic conditions in the country.　　While several factors contribute to the rate of return on Treasury yields, demand is the most significant. When investors exhibit higher demand, prices increase, resulting in a decrease in yields. Conversely, when demand weakens, prices decline, leading

2023-05-25Industriya

The Open Network (TON) Partners With DWF Labs and Amazon Web Services to Host DeFi and Data Analytics Hackathon

Balita ng Ethereum ng Bitcoin　　The Open Network (TON), a breakthrough technology that aims to integrate all blockchains and the Web2 internet into a single open network, is conducting a decentralized finance (DeFi) and data analytics hackathon in collaboration with DWF Labs and Amazon Web Services (AWS) under the banner of Hack-a-TON.　　Developers with an interest in DeFi and data analytics may create, code, learn, and network while realizing their ideas at the hackathon. Participants will have access to virtual seminars taught by knowledgeable mentors and experts, interact with a thriving community of Web3 builders, and present their ideas at the event‘s conclusion. DWF Labs will invest in the winning proposal to help them realize their vision. The overall prize pool also includes awards worth another 150,000 USD worth of TON and AWS Credits for USD 115,000 in addition to the 150,000 USD worth of TON in prize money, which is the native cryptocurrency of TON. Transaction fees, staking to secure the TON blockchain, directing the network’s growth, and payment settlement are all done using TON.　　All participants will have access to frequent online seminars during the hackathon, and mentors from AWS, DWF Labs, and TON will be available to help teams online

2023-05-25Industriya

How A Women’s Suiting Startup Has Navigated The Past Three Years

When I met Annabel Gatto, Founder and CEO of Suitably, in February of 2020, I began digging into the formal workwear market. I was about to publish a story right here a month later, where I was going to tell you that – despite offices having become more casual over the prior decade – 54 percent of hiring managers in Miami, New York City, and Washington, D.C. wanted to see candidates wearing suits to interviews and even tech companies thought jackets were appropriate for an interview.　　At that time, I also validated that for business occasions when suiting isnt technically necessary, wardrobe choices can be more difficult for women than men, either because of fashion decisions to be made or because women feel suiting connotes authority they otherwise may be perceived as lacking.　　Given all of this, I was excited about Suitably‘s entrance into the market. Unlike the older Theory or the newer Suitsupply, it immediately resonated with me as a reflection of a new way of working and living. From the beginning, the brand has leveraged innovative fabric that’s high quality, seasonless and machine-washable, relies on stretch, and is travel-ready with wrinkle-resistance.　　While it didn‘t make sense to publish the story on

2023-05-25Industriya

Big Shiba Inu Whale Adds 261 Billion Shib in Three Days

Balita ng Ethereum ng Bitcoin　　Major Shiab Inu (SHIB) Whale scooped up $1.18 Million worth of Shiba Inu in the past 24 hours.　　Ang data ng Etherscan.io ay nagpapakita na ang 19th biggest SHIB holder has accumulated a whopping 140,006,070,249 (140B) SHIB, worth $1,185,850 ($1.18M) through two separate transactions in the past 24 hours.　　In the past 24 hours, the Whale added 751,113,846 (751.11M) SHIB in her first transaction executed about 17 hours ago from press time. A few hours later, she performed second transaction, spending $1,179,489 ($1.17M) to acquire an additional 139,254,956,403 (139.25B) SHIB.　　Top SHIB Whale Accumulates 140 Billion Shiba Inu in 24 Hours　　This marks the second massive accumulation for the Whale in the past 72 hours. The top SHIB Whale purchased a humungous 121,271,415,827 (121.27B) SHIB, worth $1,073,251 ($1.07M), through three separate transactions on May 23rd.　　In total, the Whale has purchased 261,277,486,076 (261.2 billion) SHIB in the last three days. This brings her total SHIB holdings to 5,611,704,146,999 (5.61T) SHIB, worth $47,531,134 ($47.53M).　　In addition, the Shiba Inu Community is showing its unwavering commitment to reducing the gigantic supply of SHIB by burning millions of tokens daily. As reported by The Crypto Basic, the Community has sent 40,877,932 (40.87M) SHIB to the

2023-05-25Industriya

Alibaba (BABA Stock) - Separate IPO for its Businesses, Job Cuts

Alibaba Group Holdings (BABA Stock) is planning 7% layoffs ahead of its separate IPO for its different business groups. In March 2023, Alibaba announced splitting into six business groups having individual listings. Moreover, former Vice President Al Gores firm Generation Investment Management sold its entire Alibaba holdings, saying it was a mistake.　　阿里巴巴集团控股公司（baba 股票）计划在其不同业务部门的单独 ipo 之前裁员 7%。 2023年3月，阿里巴巴宣布拆分为六个事业群，分别上市。此外，前副总裁阿尔戈斯公司 generation investment management 出售了其全部阿里巴巴股份，称这是一个错误。　　Alibaba Group Holdings – Split Between Layoffs the e-commerce king is offering severance packages for affected employees and looking at possibilities of transferring some workers to other facilities.　　中国互联网巨头阿里巴巴裁员 7%，并计划拆分为六个业务集团。大多数下岗员工将来自其云部门；这家电子商务之王正在为受影响的员工提供遣散费，并研究将一些员工转移到其他工厂的可能性。　　In August 2022, Alibaba had to let go of nearly 10,000 employees to cut costs amid a sluggish sales record and Chinas slowing economy.　　2022 年 8 月，在销售业绩低迷和中国经济放缓的情况下，阿里巴巴不得不裁掉近 10,000 名员工以削减成本。　　Alibaba plans to split into six business units, each with a separate listing and IPO. These include the Cloud Intelligence Group, Taobao Tmall Commerce Group, Cainiao Smart Logistics Group, Local Service Group, Digital Media and Entertainment Group, and Global Digital Commerce Group.　　阿里巴巴计划拆分为六个业务部门，每个部门单独上市和ipo。其中包括云智能事业群、淘宝天猫电商事业群、菜鸟智慧物流事业群、本地服务事业群、数字文娱事业群、全球电商事业群。　　Each of the businesses, as mentioned above, would have its CEO and board of directors.　　如上所述，每项业务都会有自己的首席执行官和董事会。　　Generation Investment Management, an investment firm of ex-Vice President Al Gore, recently sold its entire investment in Alibaba in Q1 2023. The company owned 3.7 Million of BABA stock

2023-05-25Industriya

Bitcoin Mining Load Flexibility Can ‘Significantly Mitigate Power Shortages’ in Texas

Balita ng Ethereum ng Bitcoin　　Can bitcoin mining mitigate power shortages？　　A paper published in the Institute of Electrical and Electronics Engineers thinks its a possibility. The document, which was first published back in April, looks at the use of energy by bitcoin miners in Texas.　　“We show that the flexibility of mining loads can significantly mitigate power shortages and market disruptions that can result from the deployment of mining loads,” the paper said. This could allow policymakers to “facilitate the participation of large mining facilities in wholesale markets and require them to provide mandatory demand response.”　　According to a survey from Payless Power, 58% of the 727 Texans surveyed expressed concern about the Texas power grid handling mining.　　Texas is home to a number of bitcoin mining companies — including Marathon and Riot Platforms. In the past, both Governor Greg Abbott and Senator Ted Cruz have expressed their desires to make Texas more bitcoin and crypto friendly.　　The Texas power grid, however, has shown an inability to keep up with surging demand during winter storms and heat waves.　　Through demand response programs, the Electric Reliability Council of Texas, or ERCOT, gives financial incentives to miners so that they cut power when the grid is facing “high

2023-05-25Industriya

Apple’s AI dominance raises concerns – Cryptopolitan

Balita ng Ethereum ng Bitcoin　　At first glance, Apple Inc. might appear as something other than a heavyweight contender in the emerging generative artificial intelligence (AI) field. Still, the tech titan‘s influence and strategic positioning have positioned it to secure considerable profit from the AI boom. The recent surge of OpenAI’s ChatGPT app on the App Store and the ensuing financial implications serve as a testament to this phenomenon.　　Just days after its debut on the platform, ChatGPT soared to the top of the free apps chart and was subsequently championed by Apple as an “Essential” app. This rise to stardom has had an interesting financial ripple effect on Apple. Leveraging the embedded subscription model, OpenAIs ChatGPT Plus accrues $20 per month from iOS users. As a result, Apple, thanks to its infamous 30% commission or the so-called “Apple Tax,” secures $6 from every subscription.　　The widespread enthusiasm surrounding the ChatGPT app has turned it into a profitable venture for Apple, swelling its service revenue to a record $20.8 billion in the last quarter alone. Simultaneously, the “Apple Tax” is stirring controversy among stakeholders, particularly those in the crypto realm, where NFT purchases are becoming more costly due to the 30% cut.　　The saga

2023-05-25Industriya

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