News
Latest financial news from Reuters, CoinDesk, and leading wire services
Coinbase Pushes for Quantum Computing Solutions to Secure Bitcoin Holdings
Coinbase, holding 5% of all bitcoin, urges the crypto industry to adopt quantum computing solutions to safeguard digital assets.
Starknet Launches Shadow Accounts to Enhance Wallet Privacy in DeFi
Starknet’s new Shadow Accounts feature enables users to hide connections between main wallets and DeFi activity while keeping transactions publicly visible.
Ripple Integrates Stripe Wallets as AI Payments on XRP Ledger Surpass 14 Million
Ripple has added Stripe-owned wallets to the XRP Ledger as AI-driven payments on the platform exceed 14 million, signaling growth in automated crypto transactions.
WTI Crude Oil Pauses After Four-Day Rally, Dips Below $94
WTI crude oil prices fell back below $94 after reaching a two-week high, ending a four-day winning streak, according to FX Street.
EUR/JPY Holds Near 177.30 as Yen Weakens on Cautious BoJ Rate Outlook
The EUR/JPY traded near 177.30 as the Yen weakened against the Euro amid a cautious Bank of Japan rate outlook, according to FX Street.
UK Finance Minister Plans to Fund October Budget Measures Without Borrowing
UK Finance Minister John Healey plans to fund new budget measures announced on October 28 through higher taxes or spending cuts, avoiding additional borrowing.
GBP/USD Climbs to One-Week High Amid US Dollar Weakness
GBP/USD reached a one-week high on Wednesday as the US Dollar weakened during the Asian session, according to FX Street.
Solana to Launch Alpenglow Upgrade with 150ms Finality Target on October 21
Solana plans to implement the Alpenglow upgrade on October 21, targeting a 150-millisecond transaction finality time.
Gold Holds Steady Above $4,150 Ahead of US CPI Release
Gold prices remained above $4,150 in the Asian session as traders awaited the US CPI report, according to FX Street.
Euro Continues Recovery Against US Dollar Near 1.1210 in Asian Trading
The Euro extended its recovery to near 1.1210 against the US Dollar during Asian trade on Wednesday, continuing Tuesday’s strong rebound, according to FX Street.
New York Fed’s Williams Signals Prolonged AI Supply Constraints and Possible Rate Hike, Boosting Silver
John Williams of the New York Fed warned of a prolonged AI supply squeeze and a potential rate hike, lifting silver prices above $59.
Canadian Dollar Edges Up Ahead of US Inflation Data
The Canadian Dollar rose slightly against the US Dollar ahead of the US CPI report, reflecting cautious market positioning.
ECB’s Lagarde Highlights Energy Prices Driving Inflation, No Secondary Effects Yet
ECB President Lagarde says inflation rise is mainly due to energy prices with no evidence of secondary inflation effects yet.
China’s September Trade Surplus Surges Beyond Expectations
China's trade surplus in September jumped to CNY905.97 billion, exceeding forecasts and prior figures, highlighting stronger trade activity.
Australian Dollar Strengthens Against Yen as China Inflation Rises
The Australian Dollar rose against the Japanese Yen, reaching around 110.70, supported by higher inflation data from China in September.
NZD/USD Edges Higher Near 0.5620 Following China Inflation Data
NZD/USD rises toward 0.5620 after China inflation data boosts market sentiment, extending gains from recent support levels.
Australian Dollar Strengthens Against US Dollar on Chinese CPI Data
The Australian Dollar rose against the US Dollar to 0.6990 following Chinese CPI inflation data, according to FX Street.
Bitcoin Surges Near $84,000 as Fed Signals No Rate Hikes Until 2027
Bitcoin climbs toward $84,000 after New York Fed President Williams signals no rate hikes until 2027, weakening the US Dollar and strengthening the British Pound.
China’s CPI Inflation Edges Up to 0.9% in September, Slightly Below Expectations
China's CPI inflation rose 0.9% year-on-year in September 2023, slightly above August but below market expectations, highlighting moderate inflationary pressures.
USD/JPY Holds Steady Near Mid-158.00s Ahead of US Inflation Data
USD/JPY edged higher near mid-158.00s on Wednesday in Asia, staying within a familiar range ahead of US inflation data.
Taiwan Commits to Buying 30% of Gas from Alaska Pipeline Project
Taiwan has agreed to purchase 30% of the gas from a proposed Alaska pipeline project, enhancing US-Taiwan energy trade according to FX Street.
PBOC Sets USD/CNY Reference Rate Slightly Lower Than Previous Session
The PBOC set Wednesday's USD/CNY central rate at 6.7249, slightly lower than the prior session and above Reuters' forecast, according to FX Street.
WTI Oil Surpasses $94 Amid Middle East Tensions, Gains for Fifth Day
WTI crude oil prices rose above $94 amid Middle East tensions, extending gains for a fifth straight day during Asian trading.
Philippines’ Largest Crypto Exchange Coins.ph Faces Possible Central Bank Action
Coins.ph, the Philippines’ largest crypto exchange, is reportedly facing regulatory action from the central bank, highlighting increased oversight in the region.
Missile Attacks by Yemen’s Houthi Rebels Cause Injuries and Fire in Saudi Arabia
Yemen’s Houthi missile attacks injured four in Riyadh and sparked a fire at an Aramco facility, signaling ongoing regional instability with potential market implications.
Euro and Australian Dollar Strengthen Against US Dollar After Fed Remarks and US Data
The Euro and Australian Dollar rose against the US Dollar following Fed President Williams' comments and mixed US data, according to FX Street.
Ledger Pauses Device Sales in Southeast Asia and Hong Kong Amid Security Probe
Ledger has asked resellers to stop selling its devices in Southeast Asia and Hong Kong amid an investigation into potential product tampering.
Strive Plans $500 Million Fundraising to Acquire More Bitcoin
Strive is raising $500 million through a new preferred share class to purchase additional bitcoin, according to CoinDesk.
Gold Prices Slip Near $4,155 Ahead of US Inflation Data
Gold prices dipped near $4,155 early Wednesday ahead of US CPI inflation data, reflecting cautious investor sentiment according to FX Street.
Science Corporation Implants Vision-Restoring Chip in First Stargardt Disease Patient
Science Corporation has implanted its vision-restoring chip in its first Stargardt disease patient, advancing neuroprosthetic technology according to TechCrunch.