According to PANews, the U.S. Consumer Price Index (CPI) for September recorded an annual rate of 2.4%, marking the sixth consecutive month of decline. This figure represents the lowest level since February 2021 but is slightly above the market expectation of 2.3%.
According to Odaily, the release of the US Consumer Price Index (CPI) data has led to significant market volatility. Spot gold experienced a short-term price swing of $17, while the US Dollar Index (DXY) saw a short-term fluctuation of nearly 50 points, briefly reaching the 103 mark.
According to BlockBeats, the number of initial jobless claims in the United States for the week ending October 5 reached 258,000. This figure exceeded the expected 230,000 claims and the previous week's count of 225,000.
According to Odaily, Mt.Gox's official announcement today revealed that the bankruptcy trustee has nearly completed compensating creditors who have fulfilled the necessary procedures and encountered no issues during the compensation process. However, many creditors have yet to complete the required procedures and thus have not received their repayments. Additionally, various problems during the compensation process have temporarily prevented a significant number of creditors from receiving their payments.To ensure fair compensation for these creditors, the bankruptcy trustee, with court approval, has extended the compensation deadline from October 31, 2024 (Japan Standard Time) to October 31, 2025 (Japan Standard Time).
According to BlockBeats, the United States' September unadjusted Consumer Price Index (CPI) year-over-year data is scheduled to be released tonight at 20:30 UTC+8.The expected year-over-year CPI for September is projected to be 2.3%.
According to Cointelegraph, married couples in South Korea can now divide cryptocurrency holdings during divorce proceedings. South Korean law firm IPG Legal clarified that both tangible and intangible assets, including cryptocurrencies, can be divided during a divorce under South Korean law. The firm explained that under Article 839-2 of the Korean Civil Act, either spouse may request a division of marital assets accumulated during the marriage upon divorce in Korea. This follows a 2018 ruling by South Korea’s Supreme Court, which confirmed that cryptocurrency and virtual assets are considered property due to their economic value as intangible assets.As a result, any cryptocurrencies acquired during the marriage can be considered part of the Korean marital estate. Spouses who are aware of their partner’s crypto exchange wallets can have courts issue a “fact-finding investigation” to ascertain the value of their holdings. Tracking crypto investments is easier than traditional cash, considering that blockchain technology preserves all transactions and does not allow external factors to modify or delete entries. Bank withdrawal records and other forensic investigations also allow for the discovery of unknown sources of crypto holdings. Partners can choose to either cash out the crypto holdings before splitting or share the tokens directly.The growing use of cryptocurrency in finance has led to more divorce cases involving digital assets worldwide. For instance, during a New York couple’s divorce proceedings, the wife appointed a forensic accountant to uncover her husband’s hidden Bitcoin (BTC) holdings. The wife, Sarita, found that her soon-to-be ex-husband failed to declare 12 BTC — worth roughly $500,000 — stored in an undisclosed crypto wallet. She expressed her surprise, noting that it was never a thought in her mind as they were not discussing or making investments together.
According to Odaily, analysts at UniCredit Bank have indicated in a report that the upcoming release of the US Consumer Price Index (CPI) data could be a significant test for the foreign exchange market, particularly for the US dollar. This follows stronger-than-expected non-farm payroll data released last Friday. Persistent price stickiness might lead investors to reconsider the number of future rate cuts by the Federal Reserve, thereby supporting the dollar. If this scenario unfolds, the EUR/USD pair could fall below 1.09, and the USD/JPY pair might surpass 150. Conversely, a decline in the overall CPI could result in a slight drop in the dollar, but it is unlikely to push the EUR/USD pair above 1.10.
According to BlockBeats, on October 10, SwissOne Capital, a cryptocurrency asset management company, stated that the Federal Reserve's rate-cutting cycle might hinder the continuous rise in Bitcoin's (BTC) market share, potentially leading to broader gains for the entire crypto market.Data from TradingView indicates that Bitcoin's market share, which is its proportion of the total cryptocurrency market capitalization, has increased from 38% to 58% over two years. In other words, Bitcoin's growth has outpaced the overall market, driving the total digital asset market capitalization to double, surpassing $2 trillion.SwissOne Capital noted that due to the Federal Reserve's recent 50 basis points rate cut, initiating a so-called easing cycle, there is limited room for Bitcoin's market share to rise further."Bitcoin's market share has a positive correlation with the U.S. federal funds rate," SwissOne Capital mentioned in a market update, adding that during previous rate-cutting cycles, Bitcoin's market share declined.SwissOne Capital highlighted, "If history repeats itself, the recent rate-cutting cycle in the U.S. undoubtedly suggests that Bitcoin's market share has almost no room for further increase."SwissOne Capital also pointed out, "With stablecoins' market capitalization nearing 10% of the total market cap, we believe this explains why Bitcoin's market share might peak between the current level and 60% (at most), followed by a significant reversal."
The tiny kingdom, formerly known as Swaziland, is looking at better domestic accessibility and cross-border trade with a proposed CBDC.
Crypto adoption is gaining speed no matter who wins the US presidential race in November, the venture fund founder said.