SEC’s Ripple appeal doesn’t challenge XRP non-security status
Ripple’s chief legal officer, Stuart Alderoty, emphasized that the SEC’s Form C doesn’t appeal the ruling that XRP is not a security.
Ripple’s chief legal officer, Stuart Alderoty, emphasized that the SEC’s Form C doesn’t appeal the ruling that XRP is not a security.
UAE lawyer Irina Heaver told Cointelegraph that the framework would allow even smaller DAOs to operate legally.
With Tether waiting in the wings, AED Stablecoin becomes the front-runner to launch the United Arab Emirates’ first regulated dirham-pegged token.
Penn Engineering researchers said they created an algorithm that bypassed normal safety protocols stopping AI-powered robots from performing harmful actions.
The CFTC says a federal court judge “mistakenly erred” when it allowed betting market Kalshi to list event contracts for the 2024 US elections.
According to Odaily, European Central Bank (ECB) President Christine Lagarde has announced that the recent decision to cut interest rates was unanimously agreed upon. Lagarde indicated that inflation might reach the target level by next year. However, she noted that the current inflation forecast still faces bidirectional risks, with the downside risks being more significant than the upside risks.
According to BlockBeats, on October 17, European Central Bank President Christine Lagarde released the latest data indicating that economic growth is expected to weaken further. The survey also shows a slowdown in employment growth.Inflation is projected to decrease to the target level by next year. The risks to economic growth are skewed to the downside.
According to Odaily, U.S. retail sales in September saw a slight increase, surpassing expectations and supporting the view of strong economic growth in the third quarter. The monthly retail sales rate for September recorded a 0.4% increase, compared to an unrevised 0.1% rise in August. While these signs of economic recovery may not prevent the Federal Reserve from cutting interest rates again next month, they do reinforce the expectation of a 25 basis point rate cut.
According to Odaily, analysts have indicated that the recent European Central Bank (ECB) rate decision did not present any surprises. They suggest that if inflation and PMI data for October and November continue to decline unexpectedly, a 50 basis point rate cut could be possible at the next meeting in December. Given that this rate cut and additional cuts (five more by the end of next year) have already been factored into European stock markets, the current earnings season is more likely to dominate market trends.
According to Odaily, the number of initial jobless claims in the United States for the week ending October 12 was 241,000, which is lower than the expected 260,000. The previous week's figure was revised from 258,000 to 260,000. The four-week moving average of initial jobless claims for the same period was 236,250, up from the previously revised 231,500, which was initially reported as 231,000. Additionally, the number of continuing jobless claims for the week ending October 12 was 1.867 million, slightly higher than the expected 1.865 million. The previous week's figure was revised from 1.861 million to 1.858 million.