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OVERTAKE: Has established a strategic partnership with itemBay

4 hours ago

On November 5th, according to official information, the Web3 gaming asset trading platform OVERTAKE announced a strategic partnership with South Korea's largest gaming asset trading platform itemBay. The two parties will carry out substantial cooperation in the following key areas: User Acquisition: Create an exclusive on-chain reward program for itemBay users to achieve rapid expansion of the OVERTAKE ecosystem. Operations and Trading Market Integration: Jointly test settlement systems and payment infrastructure to support cross-platform registration and trading of mainstream in-game items. Policy and Compliance Development: Establish user protection policies and integrate itemBay's Web2 operational experience into the Web3 environment. Marketing Collaboration: Jointly carry out community activities and creator-driven marketing plans to expand global influence. OVERTAKE and itemBay will jointly build a bridge between Web2 and Web3 businesses, making digital ownership and blockchain-driven transactions more accessible than ever before. This collaboration will lay the foundation for sustainable development and deeper community interaction.
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Announcement: October ADP Employment Report to Be Released Tonight as Scheduled, Most U.S. Economic Data Will Experience a "Downtime" of Over 60 Days

November 5th: The US October ADP Employment Change (in thousands) is scheduled to be released at 21:15 Beijing time tonight. It serves as one of the few recent macro data references for the Federal Reserve. The previous value was -32k, and the expected value is 28k. Yesterday evening, the US Department of Labor stated that economic data will not be released until the government shutdown ends. This means that US economic data has been "interrupted" for more than 60 days. This interruption includes the monthly jobs report, monthly unemployment rate, monthly CPI inflation data, monthly PPI inflation data, monthly retail sales data, and monthly housing starts data. The Federal Reserve's rate cut decision is facing difficulties in navigating through the "darkness".

4 minutes ago

GIGGLE experiences a short-term 20% price increase, with its market capitalization briefly rising to $130 million.

On November 5th, as per the monitoring by GMGN, the market capitalization of GIGGLE witnessed a significant surge of more than $130 million in a short span. Currently, its market cap stands at $127 million, showing a short-term increase of over 20% and a 24-hour growth of 150%.

4 minutes ago

NewFire Technology Holdings has announced the launch of "Bitfire" to enter the global digital asset management market.

On November 5th, New Margin Technology Holdings Limited (01611.HK) declared the commencement of the international brand "Bitfire" and entered the global digital asset management market.

4 minutes ago

Both the Japanese and South Korean stock markets experienced significant declines today, with the Nikkei 225 Index dropping by 2.50%.

On November 5th, based on market data, both the Japanese and South Korean stock markets witnessed sharp declines today. The Nikkei 225 index dropped by 2.50% to 50,212.27 points. The KOSPI index in South Korea decreased by 2.85% to 4,004.42 points. During today's Asia session, the South Korean stock market took the lead in losses with a decline of more than 6%, resulting in a cumulative decline of more than 7% in two days, marking its worst performance since August 2024. After a 5% drop in the Korea Composite Stock Price Index 200 futures, the Korea Exchange triggered a circuit breaker for the KOSPI index. The Nikkei 225 index fell below the 50,000-point mark for the first time since October 27th.

4 minutes ago

SoftBank and OpenAI have jointly launched a joint venture, SB OAI Japan, with plans to go public in 2026.

November 5th: SoftBank and OpenAI jointly initiated a joint venture named SB OAI Japan and are planning to go public in 2026. Sam Altman mentioned that forming a joint venture with SoftBank is a significant step that will expedite the vision of bringing advanced artificial intelligence to some of the world's most prominent companies. (Jinse)

4 minutes ago

Bitmine and SharpLink's Ethereum Staking Pool Total Loss Expands to $2.57 Billion, with mNAV Below 1

On November 5th, based on strategicethreserve data, Bitmine (BMNR) ranked first in Ethereum institutional holdings. It is currently holding approximately 3.4 million ETH, which is worth about $11.32 billion. In the past 30 days, its holdings have increased by 20%. The average cost is $4,037, and there is an unrealized loss of about $2.4 billion. SharpLink (SBET) ranked second in Ethereum institutional holdings. It is currently holding 860,000 ETH, worth about $2.86 billion. In the past 30 days, its holdings have increased by 2.5%. The average cost is $3,609, and there is an unrealized loss of about $170 million. It is worth noting that the mNAV (Multiple Net Asset Value) of the two companies is currently 0.99 and 0.87 respectively. The current market value of Bitmine is $11.236 billion, and the current market value of SharpLink is $2.297 billion. Both are lower than the value of their Ethereum holdings.

4 minutes ago

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