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The U.S. Securities and Exchange Commission has delayed decisions on the Canary spot PENGU ETF and the Grayscale spot Cardano ETF. This marks another pause in the approval process for U.S. exchange-traded funds that provide direct exposure to cryptocurrency prices. The applications aim to expand mainstream participation in crypto investing. However, regulators have chosen to … <a href="https://beincrypto.com/sec-delays-crypto-etfs-decision/">Continued</a>
Share link:In this post: Elon Musk’s xAI sued Apple and OpenAI for allegedly colluding to block AI competition in smartphones and app rankings. The lawsuit says Apple boosts ChatGPT on its devices while suppressing rivals like xAI’s Grok in the App Store. Sam Altman and OpenAI deny wrongdoing and accuse Elon of harassment and manipulation through X.
Share link:In this post: Porsche will no longer produce high-performance EV batteries at its Cellforce unit. About 200 of nearly 300 Cellforce jobs will be cut as the unit focuses on research and development. European automakers are struggling to compete with Asia’s dominance in battery production.
Finance Minister Kato discussed Japan’s Web3 era financial reforms, crypto regulations, stablecoin adoption, tax measures, and public-private collaboration to strengthen global competitiveness and support innovation in the country’s evolving crypto ecosystem.
- 06:28A whale opened long positions on ETH, SUI, and FARTCOIN three hours ago, with unrealized profits of $188,000.According to Jinse Finance, on-chain analyst @ai_9684xtpa monitored that the "Iron-Headed Bulls," who have gone long 36 consecutive times between 11.03 and 11.26, opened three long positions in ETH/SUI/FARTCOIN three hours ago, with a total position of $20.28 million and an unrealized profit of $188,000. Among them, the ETH position is valued at $9.39 million (holding 3,000 coins), with an entry price of $3,116.98.
- 06:28European Central Bank's Schnabel: Agrees with market expectations that the central bank's next move will be a rate hikeJinse Finance reported that European Central Bank Executive Board member Schnabel agreed with investors' bets that the ECB's next move would be a rate hike. Schnabel stated that borrowing costs are already at a level that will remain appropriate for some time unless new shocks occur, and that consumer spending, corporate investment, and significant government spending on defense and infrastructure will continue to boost the economy. The German hawk pointed out that economic and inflation risks are tilted to the upside. She hinted that at the December meeting, new economic growth forecasts might be revised upward, and analysts expect the deposit rate to be maintained at 2% for the fourth time. Schnabel is the first ECB policymaker to explicitly state that borrowing costs have not only reached an "appropriate level" (a point repeatedly emphasized by President Lagarde and other ECB officials) but have actually reached the lower bound. (Golden Ten Data)
- 06:28Japan's 10-year government bond yield rises to 1.965%, reaching its highest level since June 2007Jinse Finance reported that Japan's 10-year government bond yield rose to 1.965%, reaching a new high since June 2007. (Golden Ten Data)