Gate News: Latest Crypto News and Cryptocurrency Prices

16:54

Institution: Gold prices remain stable as investors await the Federal Reserve's decision.

On March 20, Jinshi Data reported that gold prices remained basically stable on Wednesday, having earlier touched record highs, as investors awaited the interest rate decision to be announced by the Federal Reserve later today, with safe-haven demand continuing. Bart Melek, head of commodity strategy at TD Securities, stated: "There are concerns that tariffs could trigger inflation, and the market widely believes that although U.S. tariffs have led to rising prices, the Federal Reserve may start to ease policy around mid-year." Melek said, "I expect gold prices to roughly maintain their current levels, fluctuating around $25."

19:40

US data solidifies the hawkish stance of the Federal Reserve

At 12:20 on December 20, Jinshi data showed that the rise in the US economy in the third quarter exceeded expectations, and the decline in the number of initial jobless claims also exceeded expectations. Bart, head of commodity strategy at Daiming Securities

14:01

Tao Ming Securities: A 25BP rate cut will cause a slight drop in gold prices. It is expected that the gold price will break through $2,700 in early next year.

On September 18th, Jinshi Data reported that Bart, an analyst at TD Securities,

BP-14.37%

19:07

Gold prices hit a two-week low as the dollar and U.S. bond yields rose, denting the appeal of gold

Gold prices fell 1% on Wednesday, hitting the lowest level in over two weeks, weighed down by a stronger dollar and rising US bond yields, while traders awaited the release of US PCE inflation data later this week. Bart, head of commodity strategy at Deutsche Bank Securities,

13:24

Gold prices pumped this week after the core PCE indicator in the United States in April showed a slowdown in inflation last month. Swap traders still believe that the Fed will cut rates at least once this year. Bart Melek, global head of commodity strategy at TD Securities, said the report was in line with economists' expectations, which should confirm the Fed's assumption that U.S. inflationary pressures are waning. "This, combined with the weakness in personal spending, leads me to believe that the Fed has an opportunity to cut interest rates over the summer," Melle said. This could attract speculative money into gold and silver, which could be a significant favourable information for the precious metal when combined with strong interest in gold in Asian markets. ”

16:53

Golden Ten Data reported on April 27 that gold prices will fall in a single week for the first time in six weeks, as investors take profits after months of pump on gold prices. Gold prices have pumped about 17% since their mid-February lows, hitting new highs despite waning expectations of Fed easing. The latest inflation data released on Friday reinforced the view that high Intrerest Rate will remain for the time being. "It should be noted that traders are digesting better-than-expected data, which is why gold prices have reacted very limited to inflation rise and data today." Bart Melek, global head of commodity strategy at TD Securities, said. He said investors should be interested in gold from the Western world once U.S. economic data unexpectedly fell and it "would be reasonable" for gold to pump to $2,500 or higher.

01:53

Gold broke above $2,300 for the first time after Powell reiterated the path of interest rate cuts this year

Gold hit another record high, and the week-long rally continued after Federal Reserve Chair Jerome Powell reiterated that it might be appropriate to start cutting rates "sometime this year." Given that gold is a non-interest-bearing asset, interest rate cuts are usually bullish for gold. Gold rose as much as 0.9% to a record high of $2,301.21 an ounce. While Powell reiterated the Fed's wait-and-see approach, the Fed's rate cut path remains unchanged. This is "very positive for gold, as it suggests that the Fed will cut interest rates aggressively before inflation reaches the target," said Bart Melek, global head of commodity strategy at TD Securities. Gold prices have risen more than 10% year-to-date, setting a record. Ongoing tensions in the Middle East and Ukraine have strengthened gold's position as a safe-haven asset. In addition, central bank buying over the past year has supported gold prices at historically high levels, despite rising interest rates.

03:59

Apple released an Open Source multimodal LLM called Ferret in October 2023 in collaboration with researchers at Columbia University, but it didn't attract much attention at the time, as reported by IT House on December 25. As a result, many members of the AI community missed the launch of Ferret. Bart de Witte, who runs a European nonprofit focused on open source AI in medicine, recently posted on X: "I somehow missed this, Apple joined the Open Source AI community in October. The launch of Ferret is a testament to Apple's commitment to far-reaching AI research, cementing its position as a leader in multimodal AI... ps: I'm looking forward to the day when Local Large Language Models (LLLMs) will run on my iPhone as an integrated service for the redesigned iOS. Ferret is said to be able to examine the areas drawn on the image, identify the elements in it, and box it up. It can then take the identified elements as part of the query and respond in a typical manner. Ferret's release is significant for researchers, as it shows that Apple is gradually opening up its AI research, in stark contrast to its previously mysteriously closed image.

05:29

PANews reported on November 6 that according to CoinDesk, NFT and blockchain made a special appearance in "The Simpsons" on Sunday night, US time. In the Halloween special episode of Treehouse of Horror 34, the iconic animated series, the show repeatedly mentions the overestimation of on-chain NFTs in its first chapter titled "Wild Barts Can't Be Tokens." In this episode, Marge rescues Bart, who has now become an NFT, through a blockchain battle, while the city's mayor announces that the Springfield Art Gallery will go digital. There are also a number of blue-chip NFTs in the plot, such as Beeple, Bored Ape Yacht Club, and second-tier PFPs, which have proven to be almost worthless. On Platform X, Noah Bolanowski, an NFT collector and consultant at IRL NFT gallery Crypt Gallery, analyzed how the show portrays NFTs, posting: "I like the emphasis on art in this episode, where PFP is portrayed as a lowly person and art is placed in a noble position. They even let BAYC holders come and wash their feet. This episode makes a lot of reference to last year's NFT crash, and this isn't the first time crypto (or NFT) has appeared on the show.

15:55

Odaily Planet Daily News Bart Stephens, co-founder of the encryption venture capital firm Blockchain Capital, suffered a SIM card exchange attack in May this year, losing $6.3 million worth of Bitcoin, Ethereum and other cryptocurrencies. Stephens has filed a lawsuit against the "perpetrator" hacker Jane Doe. It is understood that SIM swapping attacks typically rely on hacking manipulation or "social engineering" to trick mobile phone network customer service operators into divulging victims' personal information. The hackers then use that information to pass security tests, porting the victim's phone number to a new SIM card and phone under their control. (Forbes)

09:28

TD Securities: WTI crude oil is expected to break through $90/barrel

Bart Melek, head of commodity strategy at TD Securities, believes that WTI crude oil prices may exceed $90 a barrel, a view supported by OPEC's discipline and Russia's production cuts. Although OPEC's production cuts and Russia's production cuts have created an additional supply gap of about 300,000 barrels per day, the continued tightening of monetary policy by the Federal Reserve and the fundamentals of major economies have made it difficult to determine the near-term oil price trend. It is expected that other countries will increase production in the later stage, thereby increasing supply, which may change the current gap situation. Don't expect oil prices to rise to $100/barrel, but drone strikes on Russian targets are a potential factor to watch.

13:20

Odaily Planet Daily News Blockchain Capital founder and executive partner Bart Stephens said that he is weighing the benefits of several emerging international encryption centers, "Cryptocurrency is a global industry based on the concept of decentralization, so we are exploring optimize our financial and human capital". A spokesperson for Blockchain Capital said the ultimate choice of where to expand will depend on which jurisdiction has the most pro-crypto regulatory framework. It is reported that Blockchain Capital currently manages about $2 billion in assets.