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2026/10/28
Bitwise Raises 2036 Bitcoin Price Target to $1.6M
TL;DRBitwise raised its 2036 Bitcoin price target from $1.3 million to $1.6 million and projects a compound annual return of 34.3%.The asset manager estimates that the global store-of-value market will reach $110 trillion, while institutional investment assets will grow to $303 trillion.Its most opt
Ripple's RLUSD Expands to Coinbase, Market Cap Tops $2.6 Billion
Ripple and Coinbase have expanded access to Ripple USD (RLUSD), bringing the stablecoin to retail and institutional customers across major trading platforms. The partnership supports deposits and withdrawals across the XRP Ledger (XRPL), Base, and Ethereum, giving users more flexibility when transfe
Tesla enters the Vietnamese market, challenging VinFast's 36% share
CoinDesk reports:Tesla has begun hiring in Vietnam, with a recruiter stating that the company is now “officially entering” the country. The five currently open positions include Sales Manager, Service Manager, and Charging Project Developer.This will be a difficult market to enter. This year, Vietna
Euro-area Banks Report Worst Retail-Funding Deterioration Since 2011
Euro-area banks reported the largest deterioration in access to retail funding since 2011 in the European Central Bank's bank lending survey, released October 27. The survey's net balance for worsening access reached 9% in the third quarter, compared with 3% in the second quarter. The ECB characteri
Euro-area Banks Report Record Deterioration in Retail-Funding Access in Q3
Euro-area banks reported the largest deterioration in access to retail funding since 2011 in the European Central Bank's bank lending survey, released October 27. The survey's net balance for worsening access reached 9% in the third quarter, compared with 3% in the second quarter. The ECB characteri
Bitcoin’s next move is now tied to oil prices, says Wintermute
CoinDesk reports:Stop fixating on AI—investors are once again worried about oil prices.Where to look for Bitcoin's bottom when the storm hitsThe crypto market is facing its strongest macroeconomic pressures since June, forcing market maker Wintermute to adopt a wait-and-see stance. The OTC trading d
Bitcoin ETFs Cut October Outflows to $26M After $286M Two-Day Inflows
TL;DRU.S. spot Bitcoin ETFs added about $176 million on October 27 after $110.3 million the previous session, bringing two-day inflows to roughly $286 million.October net outflows narrowed to about $26 million, but the recovery only partially offset approximately $773.5 million withdrawn across Octo
Rise in memory chip prices boosts used iPhone 15 Pro Max prices in Shenzhen
CoinDesk reports:IT Home, October 28 — According to CCTV Finance today, products priced above 4,000 yuan now account for more than 68% of the second-hand smartphone market in Shenzhen's Huaqiangbei.An industry insider told CCTV that a 20% price drop within a year for popular models is normal, but du
Vertiv Stock Surges 14% on Strong Q3 Results and Raised Guidance
Vertiv shares climbed 14% to $237.48 by 11:30 a.m. ET on Wednesday, increasing the company's market value by about $11 billion. Vertiv reported third-quarter revenue of $4.31 billion, a 61% increase from a year earlier and 15% above consensus. Bank of America analyst Andrew Obin said the revenue bea
Only One Wall Street Economist Predicts Fed Rate Hike This Week
Aditya Bhave, a U.S. economist at Bank of America Global Research, is the only Wall Street economist expecting a Federal Reserve rate increase this week. Bhave forecasts a quarter-point increase at Wednesday afternoon's decision in October. The increase would move the federal funds target range from
NVIDIA Opens Purchase for DGX SPARK 64GB System
ME News reports that, on October 29 (UTC+8), NVIDIA (NVDA.O) announced that the DGX SPARK 64GB system, featuring the GB10 Grace Blackwell superchip, is now available for purchase. (Source: ChainCatcher)
Pump.fun to Launch Elysium Trading on November 9
ChainCatcher report: On October 28, Pump.fun announced that it will launch Elysium trading within its app on November 9, adding support for Kinetiq’s Hyperliquid-focused network to its multi-chain trading operations. In a post on its official X account, Pump.fun wrote “Pumpfun App x @Enter_Elysium,”
NVIDIA Launches Local AI Voice Model; RTX Spark Introduces New Model and Agent Tools
Odaily Planet Daily reports that NVIDIA has announced that the open-weight speech model Nemotron 3.5 Transcribe now supports RTX Spark, enabling speech transcription, speaker identification, and translation in 40 languages. Liquid AI’s LFM3 series models are also supported, allowing local execution
Nine Firms Cut Bitcoin ETF Exposure by 68,000 BTC Amid Weakening Carry Trade
Galaxy Research found that nine hedge funds and banks reduced exposure to U.S. spot Bitcoin ETFs by 68,000 BTC, roughly $5.4 billion at today's prices. Galaxy published the findings on Monday. The nine firms reduced individual positions by between 29% and 100%. The sellers were Millennium Management
First Community Bankshares Announces Acquisition of Main Street Financial Services
CoinDesk reports:Blacksburg, Virginia, October 28 (Reuters/GlobeNewswire)—First Community Bankshares, Inc. (“First Community”) (NASDAQ: FCBC), headquartered in Blacksburg, Virginia, and Main Street Financial Services Corp. (“Main Street”) (OTCQX: MSWV), headquartered in Wooster, Ohio, today jointly
