OpenAI signs deal with PayPal to let users link wallets to ChatGPT for transactions
OpenAI signs deal with PayPal to let users link wallets to ChatGPT for transactions
Category: Finance
France invites citizens to invest in defence tech
Photo credits: Bpifrance French public investment bank Bpifrance is calling on the general population to help efforts to increase defence spending and support innovative start-ups, after launching a specialised defence fund on October 14. The Bpifrance Défense fund aims.
Big crypto week ahead? What to watch for in the ‘Uptober’ homestretch
The post Big crypto week ahead? What to watch for in the ‘Uptober’ homestretch appeared com. This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. As we detail what to watch on this week’s crypto/macro front, let’s first look back to some telling economic data. Friday’s CPI report showed overall and core inflation increased 3% over the 12 months ending in September. This impacted risk assets, with S&P 500 futures rising to a new record and bitcoin reclaiming the $111,000 level. BTC continued to climb early Monday, hovering 6% higher than a week ago by midday. The “softer-than-expected” CPI print “reinforced the Fed’s dovish pivot,” according to 21apo Bank’s Gadi Chait said in a statement. BTC’s return for October was barely in the green just after Noon ET. If it holds throughout the week, the “Uptober” narrative would be satisfied for a seventh-straight year: The latest BTC bounce came two weeks after a historic wave of liquidations rocked crypto markets. This event “dramatically reduced excess positioning across major centralized venues,” Hernandez noted. “With positioning cleaned up and macro easing now confirmed rather than speculated, the foundation for upside looks materially stronger,” he added. Not everyone is bullish about BTC’s near-term outlook. Ledn CIO John Glover noted Friday that, according to his Elliott Wave.
Noteworthy ETF Outflows: SSO, XOM, MA, BAC
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares Ultra S&P500 (Symbol: SSO) where we have detected an approximate $288. 2 million dollar outflow — that’s a 3. 8% decrease week over wee.
Carter’s profits halved amid tariffs; company eyes job cuts and dividend review
Carter’s profits halved amid tariffs; company eyes job cuts and dividend review
Western Union is piloting a stablecoin-based settlement system for global remittances
Western Union is testing stablecoin settlements for faster remittances. The GENIUS Act in the United States has boosted confidence in blockchain-based payment systems. The company plans on/off-ramp partnerships to link crypto and fiat. Global payments leader Western Union is preparing to launch a pilot project that will test a stablecoin-based settlement system aimed at transforming [.] The post Western Union is piloting a stablecoin-based settlement system for global remittances appeared first.
What every investor needs to know about gold’s historic rally — whether it continues or not
If you rode gold’s rocket ride up, good for you. But that makes this an even better time to address – steely-eyed – just what gold actually is.
Amazon Doubles Down on Netherlands with $1.6 Billion Investment Plan
TLDR Amazon will invest €1. 4 billion ($1. 6 billion) in the Netherlands over the next three years from 2025 to 2027 The investment represents Amazon’s largest financial commitment to the country since launching there in 2020 Funds will support both Amazon Web Services (AWS) and retail operations, including infrastructure and technology improvements Over 4, 500 Dutch small [.] The post Amazon Doubles Down on Netherlands with $1. 6 Billion Investment Plan appeared first on CoinCentral.
Western Union Plans Stablecoin Pilot Program for Cross-Border Transfers
TLDR Western Union will pilot a stablecoin-based settlement system for its 150 million customers to reduce reliance on traditional banking systems CEO Devin McGranahan says the pilot aims to move money faster with greater transparency and lower costs while maintaining compliance The company changed its stance on crypto after passage of the GENIUS Act, which [.] The post Western Union Plans Stablecoin Pilot Program for Cross-Border Transfers appeared first on CoinCentral.
Altcoin Market Poised for Revival After Record Bear Run
After nearly four years of relentless declines, the analyst believes a potential turning point is forming one that could [.] The post Altcoin Market Poised for Revival After Record Bear Run appeared first on Coindoo.