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LINK may be the biggest beneficiary of the institutionalization of cryptocurrency and the explosive growth of stablecoins, tokenization, and RWA (Real World Assets).
Over $126M was liquidated in one hour, with long positions taking a $125M hit during sudden market volatility.Market Shock Sparks $126M in Crypto LiquidationsLong Traders Take a Heavy HitVolatility Remains a Risk in Crypto Trading
XRP jumps above $3, putting nearly 94% of its circulating supply in profit—a bullish signal for investors.XRP Price Breaks Above $394% of Circulating Supply in ProfitWhat This Means for XRP’s Future
Larry Fink, CEO of BlackRock, is now interim co-chair of the World Economic Forum, signaling stronger ties between finance and global policy.Larry Fink Takes Leadership Role at World Economic ForumWhat This Means for Global Finance and CryptoA Strategic Move at a Pivotal Time
- 12:00Crypto companies including Ripple and Tether among funders of Trump's $300 million White House ballroom renovationOn October 24, according to The Verge, Trump is demolishing the East Wing of the White House to make room for a lavish banquet hall. The president stated that the $300 million cost will not be borne by taxpayers, but instead by private donors, including himself. According to the list of donors released by the White House on Thursday, some of the largest tech companies in the United States are included, such as Amazon, Apple, Google, Meta, and Microsoft. YouTube, a subsidiary of Google, has agreed to contribute more than $20 million to the project. The cryptocurrency sector has also performed well, with Ripple, Tether America, a certain exchange, and the Winklevoss brothers (Cameron and Tyler are listed separately) all making donations. In addition, defense and telecommunications giants such as Lockheed Martin, Comcast, T-Mobile, and Palantir are also on the list.
- 11:44Ethereum treasury company FG Nexus announces the launch of options trading on the New York Stock ExchangeChainCatcher news, Ethereum treasury company FG Nexus announced that its common stock is now available for options trading on NYSE Arca Options and NYSE American Options, both subsidiaries of the New York Stock Exchange. The options trading code is "FGNX" and adopts standard expiration dates and strike prices, aiming to further enhance stock liquidity and the flexibility of ETH holding strategies.
- 11:39Meta plans to lay off about 600 employees in its artificial intelligence divisionAccording to Jinse Finance, Meta, the parent company of tech giant Facebook, plans to lay off about 600 employees in its artificial intelligence division. Reports indicate that the newly established TBD Lab, which previously recruited many top AI researchers from competitors such as OpenAI and Apple with high salaries, is not affected by this round of layoffs. The layoffs are reportedly aimed at addressing the "organizational bloat" caused by large-scale hiring to rapidly advance AI projects in the past. It is understood that in recent months, Meta has been actively adjusting its AI strategy to keep pace with competitors, investing billions of dollars in infrastructure projects and talent recruitment. (CCTV Finance)