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Avalanche Foundation seeks court approval to repurchase AVAX from Terra’s Luna Foundation Guard
Avalanche Foundation seeks court approval to repurchase AVAX from Terra’s Luna Foundation Guard

Share link:In this post: Avalanche Foundation has agreed to buy back the 1.97 million AVAX tokens it sold to Luna Foundation Guard in 2022. AVAX saw almost 10% gains after the news broke, signaling positive sentiments in the efforts to maintain its stability. Terraform Labs is planning to shut down eight products and services after bankruptcy approval.

Cryptopolitan·2024/10/13 15:15
Vitalik Buterin nets $636K from meme coin sales, sparks debate on investor risks
Vitalik Buterin nets $636K from meme coin sales, sparks debate on investor risks

Share link:In this post: Vitalik Buterin has sold several meme coins for over 257 ETH, valued at about $636,000. This move has fueled debates on investor risks and charitable coin use. Critics are complaining that investors are exposed to questionable assets with vague information.

Cryptopolitan·2024/10/13 11:30
Flash
22:07
El Niño "alert" sounded, highlighting opportunities in three major sectors
The capital market has already responded in advance. Since May 22, the Wind Power Index has continued to strengthen, with a cumulative increase of over 9%. Multiple stocks related to thermal power, power grids, and power equipment have shown active performance. According to institution insiders, this round of El Niño may affect agricultural product supply, energy demand, and global inflation expectations. Against this backdrop, sectors such as agricultural products, energy, and utilities have become key investment areas of institutional focus.
22:07
Central bank gold purchases boost gold to top position among reserve assets
Recently, the latest report released by the European Central Bank shows that by the end of 2025, gold's share in global official reserve assets will rise to 27%, surpassing US Treasury bonds at 22%. Since the collapse of the Bretton Woods system, US dollar assets have long held the top spot among global official reserve assets. Industry experts believe that gold's ascension is not a coincidence; behind it lies the valuation effect brought by soaring gold prices, sustained gold purchases by central banks, diversification of reserve assets, and growing market concerns about the safety of US dollar assets, among other deeper factors. Looking ahead, central bank gold buying will continue to provide a floor for gold prices, but the trends in the US dollar, US Treasury yields, inflation pressures, geopolitical risks, and changes in investment demand will collectively determine the direction of gold prices in the next phase.
21:59
Hit by tariff concerns and renewed Gulf conflicts, Latin American assets fall across the board
The MSCI Latin America Stock Index fell by 2.6%, reaching its lowest level in more than two months; meanwhile, the corresponding currency index also dropped by 0.9%. The Brazilian stock market declined by 2.3%, hitting a new low for the past four months, making it one of the worst-performing markets in the region. Just a day earlier, the United States proposed a plan to impose a new 25% punitive tariff on most imports from Brazil. In the foreign exchange market, as the US dollar strengthened, the Brazilian real also fell by 1.4% against the dollar, approaching its lowest level in two months. Expand
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