BTC $80,025.72 -1.59%
ETH $2,315.38 -2.09%
BNB $749.75 +0.05%
XRP $1.29 -2.85%
SOL $100.04 -2.34%
TRX $0.3311 -0.12%
DOGE $0.0780 -2.56%
ADA $0.1993 -3.59%
BCH $279.75 -6.95%
LINK $11.46 -2.86%
HYPE $79.01 -3.65%
AAVE $130.44 -3.23%
SUI $0.9113 -3.09%
XLM $0.1683 -1.89%
ZEC $1,248.07 -4.81%
AAPL $347.50 +0.32%
AMZN $251.84 -0.89%
GOOGL $292.30 -10.01%
MSFT $549.45 +3.53%
META $620.94 -0.34%
NVDA $213.84 -2.56%
TSLA $401.74 -1.91%
SNDK $1,356.91 -0.16%
INTC $91.73 -3.54%
SPCX $143.84 -3.97%
MU $950.10 -1.31%
AMD $561.29 -1.12%
BTC $80,025.72 -1.59%
ETH $2,315.38 -2.09%
BNB $749.75 +0.05%
XRP $1.29 -2.85%
SOL $100.04 -2.34%
TRX $0.3311 -0.12%
DOGE $0.0780 -2.56%
ADA $0.1993 -3.59%
BCH $279.75 -6.95%
LINK $11.46 -2.86%
HYPE $79.01 -3.65%
AAVE $130.44 -3.23%
SUI $0.9113 -3.09%
XLM $0.1683 -1.89%
ZEC $1,248.07 -4.81%
AAPL $347.50 +0.32%
AMZN $251.84 -0.89%
GOOGL $292.30 -10.01%
MSFT $549.45 +3.53%
META $620.94 -0.34%
NVDA $213.84 -2.56%
TSLA $401.74 -1.91%
SNDK $1,356.91 -0.16%
INTC $91.73 -3.54%
SPCX $143.84 -3.97%
MU $950.10 -1.31%
AMD $561.29 -1.12%

ton

TON (The Open Network) is a completely decentralized Layer 1 blockchain designed by Telegram. It is known for its ultra-fast transaction speeds, low fees, user-friendly applications, and environmental friendliness.
All
Article
Flash

Tonight's Federal Reserve meeting preview: The "pause" in rate hikes in October is almost certain, how it will affect the probability of a rate hike in December becomes the focus

The Federal Reserve will announce its October interest rate decision at 2 AM Beijing time on the 29th. The market generally expects the federal funds rate target range to remain unchanged at 3.75%--4.00%, with a probability of maintaining the status quo at over 90%. The wording of the statement and whether Chair Waller's press conference will release more hawkish signals, as well as how this will affect the market's significantly priced probability of a 25 basis point rate hike in December, have become the focus of attention.Goldman Sachs, Citigroup, and Credit Agricole all expect a pause in October and a 25 basis point hike in December. Goldman Sachs stated that if rate hikes continue every other meeting through 2027, a hike in March may be considered, but the baseline forecast does not expect a hike in March. Citigroup mentioned that if the stock market continues to weaken, leading to a sharp tightening of financial conditions, the likelihood of a shift to rate cuts will significantly increase. Moody's believes there will not and should not be another rate hike this week. Nomura Securities expects no change in October and stated that while the Federal Reserve guides expectations for a pause, it retains flexibility for a rate hike in December.TD Securities expects no change in October and anticipates two more hikes in December and March. Huatai Securities expects no change in October, with two hawkish voters possibly casting dissenting votes, with the baseline scenario being one rate hike in December this year and two hikes next year. Morgan Stanley expects a 25 basis point hike in both December and March next year. Bank of New York Mellon expects rates to peak slightly above 4.5%. Bank of America believes there is ample reason to raise rates in October; if they remain unchanged, they will only retain one option for a future hike.

first_img Franklin Templeton completes the final regulatory procedures before the listing of the Bitcoin dividend ETF

According to Bitcoin Magazine, Franklin Templeton, with assets under management of $1.7 trillion, has completed the final regulatory procedure before listing two ETFs that convert stock dividends into Bitcoin.On October 22, the company submitted Form 8-A to the U.S. Securities and Exchange Commission to register shares of the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF for trading on NASDAQ. The prospectus submitted on the same day indicates an effective date of October 27. These two funds were first filed in June of this year, with codes and fees not disclosed at that time.The stock fund code is FBEQ, which tracks the VettaFi US Large-Cap 500 Bitcoin DRIP Index. This index holds the 500 largest companies in the U.S. by market capitalization, weighted by free float. As of September 30, it actually held 499 stocks, with a concentration in the information technology sector. The fund's initial allocation is 95% stocks and 5% Bitcoin, with regular or special dividends distributed by companies being used to purchase Bitcoin at the opening of the next trading day after the ex-dividend date, increasing the Bitcoin allocation with each dividend payment.During quarterly rebalancing, any Bitcoin allocation exceeding 5% will be reduced to 4.5%; if the Bitcoin allocation exceeds 20% between two rebalancing periods, it will be brought down to 4.5% within two trading days, with the funds flowing back into stocks. The fund does not directly hold on-chain Bitcoin but gains exposure through Bitcoin exchange-traded products (including its own spot fund), futures and options, or depository receipts, with some achieved through a subsidiary in the Cayman Islands. The FBEQ fee is 0.09%, with no 12b-1 fees, managed by Franklin Advisory Services, and Franklin Templeton Institutional serves as a sub-advisor. The innovation fund employs the same mechanism, tracking the VettaFi US Innovation 100 Bitcoin DRIP Index, with components from the 100 largest non-financial companies listed on NASDAQ.Franklin Templeton had previously filed for a spot Bitcoin ETF in September 2023 and launched it in January 2024 under the code EZBC; in April of this year, it acquired 250 Digital and established an institutional digital asset department, Franklin Crypto. These two DRIP funds extend the strategy to investors who will not purchase Bitcoin on their own.
app_icon
ChainCatcher Building the Web3 world with innovations.