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OpenEden's TBILL Fund has been awarded a Standard & Poor's global "AA+" rating

1 days ago

On October 15th, as reported by The Block, the TBILL fund managed by OpenEden at a New York bank has been granted an "AA+f" fund credit quality rating and an "S1+" fund volatility rating by Standard & Poor's Global Ratings. This is the highest rating within the Standard & Poor's credit quality and stability system. This recent recognition is based on the previous Moody's "A" rating of the TBILL fund. It makes the TBILL fund the first tokenized U.S. Treasury bond fund to receive dual ratings from the world's two largest credit rating agencies. This milestone not only boosts confidence in OpenEden's product design but also demonstrates the increasing legitimacy of Real World Asset (RWA) tokenization in the institutional finance sector.
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Bitcoin Drops Below $10,800

On October 17th, based on HTX market data, Bitcoin dropped below $108,000, experiencing a 24-hour decline of 2.6%.

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New York Gold Futures Market at $4300 per ounce

On October 17th, the price of gold futures in New York reached as high as $4300 per ounce, with an intraday increase of 2.34%. (Jin10)

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Peter Schiff: Bitcoin has already dropped 32% from its ATH in terms of gold. This Bitcoin bear market is going to be very brutal.

On October 17th, economist and cryptocurrency critic Peter Schiff posted on social media, saying, "Gold is nibbling away at Bitcoin's market share. Since reaching a high in August, Bitcoin has declined by 32% compared to gold. This Bitcoin bear market is going to be extremely harsh. I recommend that hodlers sell Bitcoin and purchase gold."

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The U.S. Government Shutdown Continues as Senate Rejects Short-Term Funding Bill for the Tenth Time

October 17th. On October 16th in local time, the U.S. Senate once again failed to get the Republican stopgap funding bill advanced through a vote of 51 to 45. It is reported that the Republicans needed 60 votes to push the bill forward, which would provide funding for the government until the end of November. This indicates that it is the 10th consecutive vote in the Senate over the past two weeks since the U.S. government shutdown and the stopgap funding bill has been rejected. (Golden Ten)

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Four.meme Announces Brand Upgrade, Entering the Era of Open Meme Ecosystem

October 17th. Four.meme officially made an announcement regarding a brand upgrade and entered the era of an open Meme ecosystem. Four.Meme is in the process of transitioning from a single platform to an open ecosystem protocol and is launching two new modes: · Free Mode: Users are able to freely create and publish on Four.Meme. · Fair Mode: Evolved from Meme Rush, it is now live on Binance Wallet and Trust Wallet and supports whitelisted participation. The aim is to encourage a greater number of users to participate, restrict a few users from obtaining transaction advantages through technical means, and create a more equitable trading environment. The next step will be to open whitelist partnerships in order to jointly build the most vibrant Meme ecosystem on the BNB Chain.

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「Buddy」 Account Long Liquidated Again, Account Balance Now Only $32,800

On October 16th, as per the monitoring of LookOnChain, the "buddy" account's long position in ETH was liquidated once again, and the account balance was only $32,800. Previously having made a profit of $43.64 million, the account has now turned into a loss of more than $13 million.

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