UBS: Fed's Next Meeting Timing 'Awkward,' Not Ruled Out Delaying Meeting for Data
November 24th. UBS noted that when it comes to the scheduling of the Fed's next meeting in December, there is a previous "awkward" situation: the December FOMC meeting will take place prior to the release of two crucial employment reports, which are precisely the core data that determine whether to cut interest rates. This has led the market to begin discussing a possibility: whether the Fed will postpone its scheduled December 10th meeting by one week so that it can have the critical employment data before making a decision.
Looking back, adjusting meeting times is not an unprecedented occurrence. In 1971 and 1974, the Fed postponed meetings due to special circumstances. From a regulatory perspective, the Federal Reserve Act only mandates that the FOMC convene at least four times a year and does not have rigid rules regarding date adjustments.
UBS pointed out that in history, a single employment report has been sufficient to change the direction of monetary policy. This time, howeve
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Grayscale XRP Trust Spot ETF GXRP commenced trading today.
On November 24th, according to official information, Grayscale Investments announced today that the Grayscale XRP Trust (with the ticker symbol: GXRP) has started trading as an ETP on the New York Stock Exchange Arca.
Grayscale further indicated that GXRP is an ETF and is not registered in accordance with the Investment Company Act of 1940 ("1940 Act"). Consequently, it does not possess the same regulatory and investor protection as ETFs and mutual funds that are registered under the 1940 Act. Investing in GXRP comes with significant risks, including the potential for the loss of the principal amount. GXRP holds XRP, but investing in GXRP is not a direct investment in XRP.
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MON on Coinbase Dips to $0.0205, Down 18% from Public Sale Price
On November 24th, based on market data, the price of MON on Coinbase just underwent a significant drop to $0.0205. Compared to the ICO price of $0.025 (with a $25 billion FDV), it represents a decrease of approximately 18%. Currently, it is trading at $0.02176.
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Brevis is collaborating with Kaito to provide verifiable Mindshare data for Polymarket
On November 24th, as per official channels, Brevis declared a partnership with Kaito to supply Polymarket with verifiable "Mindshare" and sentiment data. On November 21st, Polymarket launched its initial batch of prediction markets constructed based on Kaito mindshare indicators, enabling users to conduct trades based on the emotional popularity of distinct crypto projects.
Since mindshare data is generated by a single entity, participants are unable to verify the authenticity of this data or the potential for manipulation. Brevis employs zero-knowledge proofs (ZKP) to generate an on-chain verifiable proof of Kaito's mindshare calculation process and accomplishes validation on the BNB Chain, guaranteeing data integrity without disclosing algorithmic specifics.
This partnership continues the privacy validation collaboration between the two parties on Kaito's InfoFi platform, extending similar zero-knowledge capabilities to the prediction market domain, allowing previously unverifiable
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Ondo Finance has invested $25 million in Figure to boost the OUSG stablecoin.
November 24th. According to official channels, Ondo Finance declared a $25 million investment in Figure's yield-generating stablecoin YLDS. This move is aimed at boosting the revenue streams of its flagship tokenized fund OUSG and enhancing diversification. Currently, OUSG has a total value locked (TVL) of over $780 million, with underlying allocations to institutional products provided by BlackRock, Fidelity, Franklin Templeton, WisdomTree, FundBridge Capital, and other entities.
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