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Share link:In this post: The FCC greenlights new rules to strengthen the security of subsea data cable networks. License bids from adversarial governments will also face an initial presumption of rejection until proven harmless. Anna Gomez believes the new regulations will boost critical investments.
Share link:In this post: South Korea plans to launch an AI foundation model with an investment of 530 billion won ($383 million). The country selected five consortia to develop the project, including Naver, LG AI Research, SK Telecom, NC AI, and Upstage. The government plans to evaluate each team’s AI model every six months, eliminating one team at a time until only two remain by 2027.
Share link:In this post: Modi said he will host Putin in India this year after a detailed call on Ukraine and bilateral ties. Trump raised tariffs on Indian goods to 50% over continued Russian oil imports. Moody’s warned the tariff hike could cut India’s GDP growth and hurt manufacturing plans.
Erebor, a new crypto bank, aims for fast approval by leveraging political connections. While it could boost crypto, concerns about favoritism and corruption loom over its success.
- 06:24Analyst: 40% of ETH is in non-circulating status, ETH price may experience explosive growthChainCatcher news, according to Cointelegraph, analyst Crypto Gucci stated that Ethereum is experiencing unprecedented supply pressure in history, with 40% of ETH having exited circulation. Against the backdrop of record institutional demand, the price is expected to continue rising. The analyst pointed out that Ethereum has never experienced three "supply vacuums" simultaneously in a single market cycle: First, Digital Asset Treasuries (DATs) have accumulated 5.9 million ETH, worth about $2.4 billion, accounting for 4.9% of the total supply; second, US spot Ethereum ETFs have purchased 6.84 million ETH, worth $2.8 billion, accounting for 5.6% of the total supply; finally, there are currently 35.7 million ETH staked, worth about $14.6 billion, accounting for nearly 30% of the total supply. Due to an exit queue as long as 40 days, most of these funds lack liquidity. Crypto Gucci said: "When demand meets such a contracted supply, the price will not only rise, but will show explosive growth." Entrepreneur Ted Pillows predicts that the fair value of ETH in this cycle is $8,000-$10,000.
- 06:12Taiwanese stablecoin infrastructure company OwlTing is about to be listed on NasdaqChainCatcher news, according to Decrypt, Taiwan stablecoin infrastructure company OwlTing will be listed and traded on the Nasdaq Global Market on Thursday. The company's Class A common shares are expected to begin trading on October 16 under the ticker symbol OWLS. In 2024, OwlTing achieved revenue of $7.6 million, an 18% year-on-year increase, and total payment volume grew by 62% to $218 million. According to company disclosures, its hotel business division OwlNest serves more than 2,500 clients, with a net dollar retention rate of 108%. Although one-time listing costs affected net profit, OwlTing stated that as the scale of its stablecoin infrastructure expands and profit margins improve, the company's profitability is expected to strengthen.
- 06:01Global X: The Federal Reserve may cut interest rates in October and DecemberAccording to Golden Ten Data, ChainCatcher reports that Scott Helfstein, Head of Investment Strategy at Global X, stated that the Federal Reserve still has the possibility of cutting interest rates in October and December. However, investors should be prepared for a range of outcomes, as Fed Chair Powell is trying to keep all options open. Helfstein pointed out that reports prior to the government shutdown showed that inflation was mainly driven by tariffs, housing, and utilities. The Fed's interest rate policy has limited impact on prices in these areas, which may allow the Fed to continue cutting rates even if overall inflation remains above target.