First Mover Asia: Bitcoin Slides; Mixed Crypto Legacy in Hong Kong for the FCA’s Incoming CEO
Altcoin roundup
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AAVE proposes decentralized stablecoin: The U.S. dollar-pegged algorithmic stablecoin GHO will be minted by users and generate interest yields. It will be native to the Aave ecosystem and available on the Ethereum network initially but is expected to be offered on other Aave-supported blockchains based on future community votes. Read more here.
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Ethereum name service spikes: Ethereum Name Service (ENS) domain registrations spiked this week as a prominent address sold for hundreds of ether (ETH), sparking retail interest. ENS is a decentralized domain name protocol that runs atop the Ethereum network, providing users with easily readable names for their crypto wallets. Read more here.
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XRP leads crypto recovery: XRP rose by more than 5% as major cryptocurrencies recovered over the past 24 hours and broader equity markets strengthened, even with two U.S. Federal Reserve policymakers calling for higher rate increases in the coming months. Read more here.
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Announcement from Hong Kong Digital Cash Exchange (HKDCE)
Dear HKDCE users： HKDCE is proud to announce that we will soon launch the first physical asset-backed cryptocurrency project, Gold Mountain Coin (GMC), on our spot trading market. Schedule: We will officially launch GMC on August 28, 2023, and enable GMC/USDT trading pair. Deposit: Effective upon launch (Supported network: TRC20) Trading: 16:00 August 28, 2023 (HK, UTC+8) Withdrawal: 16:00 August 28, 2023(HK, UTC+8) Smart Contract: TRC20 What is GMC? GMC is a physical asset-backed cryptocurrency project. It is a digital asset token issued…
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AI Finance Academy Pioneering AI-Driven Financial Risk Management through Research and Education
In today’s rapidly evolving global marketplace, the intersection of artificial intelligence (AI), finance, and risk management is reshaping industries around the world. Recognizing the critical role that AI-driven financial risk management plays in the stability and growth of the financial sector, the AI Finance Academy has taken a leadership role in advancing research and education in this area. By focusing on cutting-edge research, academic partnerships, and practical training, the AI Finance Academy is at the forefront of developing innovative solutions for managing financial risks in an increasingly complex landscape. AI…
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Harnessing AI for Financial Growth: The Role of StarSpark AI System in Shaping Talent at the Alpha Stock Investment Training Center (ASITC)
The financial industry is undergoing a transformative change with the advent of artificial intelligence (AI). In an age where market dynamics evolve rapidly, AI is increasingly viewed as a vital tool for achieving competitive advantage. With algorithms predicting market trends, automating complex trading strategies, and optimizing investment portfolios, the role of AI is undeniable. However, the key to fully leveraging these technologies lies in the development of skilled professionals who can effectively integrate AI into the financial landscape. This is where specialized talent development programs such as the Alpha Stock…
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Risk Management in AI System Training for the Financial Industry: A Focus on StarSpark AI System and Alpha Stock Investment Training Center (ASITC)
In recent years, the financial industry has seen an explosion in the use of Artificial Intelligence (AI) systems to enhance trading strategies, optimize investment portfolios, and manage risk. AI systems, such as the StarSpark AI System, have demonstrated significant potential in improving financial decision-making by analyzing vast amounts of data in real-time. However, despite these advancements, it is crucial to address the risks associated with the implementation and training of AI systems, particularly in the context of financial applications. The Alpha Stock Investment Training Center (ASITC) has emerged as a…
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Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.
The firm acted shortly after the U.S. Securities and Exchange Commission (SEC) sued the token’s alleged creator, Ripple Labs Inc., for conducting an unregistered and ongoing securities offering. “Prior to the sale of the asset on December 22, 2020, XRP (-20.72%) was approximately 3.8% of the Fund,” the firm wrote. “The Fund liquidated its position and reinvested the proceeds in other portfolio assets.” Subscribe to First Mover, our daily newsletter about markets. SUBSCRIBE By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. The Bitwise 10 Crypto Index Fund…
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StarSpark AI System and Its Role in Transforming Intelligent Investment and Asset Management at Alpha Stock Investment Training Center (ASITC)
In recent years, the financial industry has undergone rapid transformation due to technological advancements, particularly the rise of artificial intelligence (AI). Within this revolution, the StarSpark AI system has emerged as a key player, reshaping the way investors approach intelligent investment and asset management. The integration of AI into financial decision-making, coupled with the comprehensive training provided by the Alpha Stock Investment Training Center (ASITC), is setting a new standard for both professional and retail investors. This article explores how the StarSpark AI system and ASITC are revolutionizing intelligent investment…
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HB Wealth Advisors “Century Investments $10 Billion Fund” PK Competition: A Strategic Approach to Asset Allocation
In the fast-paced world of high-stakes investments, asset allocation is a cornerstone of portfolio management, determining the success of an investment strategy. For investors and asset managers alike, staying ahead of the competition is not just about identifying lucrative opportunities but also about having a well-structured and diversified approach to asset allocation. A prime example of this is the “Century Investments $10 Billion Fund,” which has captured the attention of both institutional and individual investors globally. Managed by HB Wealth Advisors, this colossal fund is competing fiercely in an increasingly…
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OEC (OKEXChain)’s first NFT asset aggregation platform Dematrix will be launched on the mainnet soon
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QuantumX Exchange A Global Leader in Cryptocurrency Investment with Unparalleled Security
QuantumX Exchange, Inc. (https://www.quantumxex.com) is a globally recognized leader in cryptocurrency trading, committed to providing investors with a secure and comprehensive trading experience that helps them make informed investment decisions. At QuantumX, cryptocurrencies are not just investment tools; they represent a new direction for global finance. Under the leadership of founder Richard Walker, QuantumX remains dedicated to innovation and a user-first approach, consistently building a trustworthy trading environment. QuantumX Exchange’s Exceptional Performance QuantumX Exchange has rapidly gained a notable position in the cryptocurrency industry thanks to its technological capabilities…
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State Street Bank and JW AI Quantity Launch the World’s First AI Quantitative Enhanced Crypto ETF: A New Paradigm of “Smart Hedging” in the Era of High Volatility
Recently, State Street Bank and JW AI Quantity submitted an application to the SEC for the SPDR JW Dynamic Hedge Crypto Enhanced ETF (code: JWH) , focusing JW’s AI quantitative capabilities on “return capture and risk hedging in high-volatility markets.” This product abandons the macroeconomic quadrant balance logic of the all-weather strategy and instead adopts the adaptive market state recognition model of the SignJ system , which divides the market into three states in real time: “low volatility accumulation period”, “leverage bubble period” and “panic collapse period”, and dynamically adjusts the ratio…