The Crypto Fear & Greed Index has risen to 65, with the market remaining in "greed" territory.
According to data from Alternative, today’s Crypto Fear & Greed Index dropped to 65, up from 63 yesterday, with market sentiment remaining in the "Greed" territory. Note: The index ranges from 0 to 100, and its components include: volatility (25%), trading volume (25%), social media buzz (15%), market surveys (15%), Bitcoin’s market dominance (10%), and Google Trends analysis (10%).
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Chasing the rally of the 'NiuLai' token, crypto KOL XXAntiWar transfers 17.57 million tokens to seven addresses.
According to on-chain analyst Ai Yi (@ai_9684xtpa), crypto KOL XXAntiWar, who chased the rally during the bull market, has transferred 17.57 million tokens to 7 addresses via multiple intermediaries in recent days, and is currently still in unrealized loss. Thus, while Fomo shows XXAntiWar has liquidated all positions, this is actually because new holding addresses have not been recorded.
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An institution transferred 39,500 ETH worth approximately $95 million to a CEX.
According to Yuqing Monitoring, an institutional entity transferred 39,500 ETH (valued at approximately $95 million) to multiple CEXs over the past day. Over the past four days, its total transfers to CEXs have reached 142,800 ETH (worth around $345 million), while it still holds 29,735 ETH (approximately $70.9 million).
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South Korea’s foreign exchange reserves posted a record increase of $14.33 billion in August.
South Korea’s foreign exchange reserves rose by $14.33 billion in August, marking the largest single-month increase in history, driven mainly by a sharp rise in commercial banks’ foreign currency deposits at the Bank of Korea (BOK). The BOK said in a Thursday statement that as of the end of August, the country’s foreign exchange reserves climbed to $442.28 billion from $427.95 billion at the end of July. The central bank added that August’s reserve growth stemmed primarily from a surge in foreign currency deposits held by financial institutions, while a weaker U.S. dollar against other currencies also boosted investment income and valuation gains on overseas assets denominated in foreign currencies. The improved reserves have strengthened South Korea’s financial buffer, as the won weakened several times in the first half of the year, drawing market attention to the country’s external financing conditions. Earlier this year, the won fell to its lowest level since 2009, prompting South Korean authorities to repeatedly warn against excessive exchange rate volatility and seek to curb capital outflows driven by massive retail investor investments in overseas assets.
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Berkshire Hathaway plans to hold stakes in Japan's five major trading houses for the long term, with related stocks rising collectively.
Japanese trading house stocks rose on Thursday after Greg Abel, CEO of Berkshire Hathaway, said the firm plans to keep its stakes in these trading houses for decades to come. The trading house sector was among the top gainers in the Topix index on Thursday. Mitsubishi Corp. jumped as much as 4.5%, hitting its highest level since May; Sumitomo Corp., Mitsui & Co., Itochu Corp., and Marubeni all rose more than 2.5%. Berkshire currently holds roughly a 10% stake in each of the five trading houses. Abel, who took over as CEO from Warren Buffett in January this year, told CNBC in an interview on Wednesday that Berkshire’s holdings in the Japanese trading houses are "long-term investments" and the company intends to hold them for decades. Since Berkshire disclosed its stakes in 2020, the share prices of these Japanese trading houses have benefited from their association with Buffett. A market analyst at Tokai Tokyo Research Institute noted that Abel’s renewed show of confidence "may rekindle investors’ interest in buying trading house stocks."
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Ansem: Robinhood’s Stock Price Bottoming Out and Consolidating, Expected to Hit New High in Q4
Crypto KOL Ansem wrote in a post that traditional finance (TradFi) firms consistently lag behind when integrating new crypto operations, as their suited executives often take too long to access relevant data. He believes Robinhood (HOOD) is a strong investment pick, noting its stock has been consolidating from the bottom, while the company is adding a key new revenue stream through its Layer 2 blockchain business. Robinhood’s stock is projected to hit a new all-time high in the fourth quarter, rising 50% from its current level.
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