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    Morning Bid: Waiting for the big one .. China GDP

    (Reuters) – A look at the day ahead in Asian markets. Anyone hoping for a quiet end to the trading week in Asia will be disappointed, as investors brace for a batch of top-tier economic data on Friday that includes Japanese inflation, Malaysian GDP, and the main event – Chinese GDP.Other Chinese indicators – September’s retail sales, house prices, industrial production, unemployment, and investment – will also be released. But all eyes will be on third quarter growth and how close it is to the 5.0% mark.That’s Beijing’s 2024 target, but most analysts say it will be missed. The wave of fiscal stimulus measures announced recently has come too late to boost growth this year but has prompted some economists to raise their 2025 forecasts.Overall, however, analysts remain pretty glum. Their consensus forecast in a Reuters poll is that gross domestic product expanded 4.5% in the third quarter from a year earlier, slowing from 4.7% in the previous quarter.For 2024 as a whole they forecast growth of 4.8%, undershooting the government’s target, and expect a further deceleration next year to 4.5%. Citi’s Chinese economic surprises index has been inching higher in recent weeks but remains firmly in negative territory, where it has been since June. Investors are realizing that Beijing’s fiscal, monetary and liquidity support, however successful they prove to be, will take time to bear fruit. This is perhaps reflected in Chinese stocks’ third decline in a row on Thursday – Shanghai’s blue chip index is down 15% from its October 8 peak, although still up around 18% since the first stimulus measures were unveiled last month.Elsewhere in Asia on Friday Japan releases September inflation figures, with economists expecting a marked slowdown in the annual core rate to 2.3% from 2.8% in August. That would be the biggest month-to-month decline since February last year.It would also support the thinking of Bank of Japan officials who favor a more cautious approach to tightening monetary policy. The BOJ will forgo raising interest rates again this year, according to a very slim majority of economists in a Reuters poll published this week, although nearly 90% still expect rates to rise by end-March.Japanese interest rate swaps traders are pricing in a 15 basis points rate hike from the BOJ in January, and only 35 bps of tightening in total next year.The global market picture looks fairly positive though. On Thursday chip-making giant TSMC delivered an upbeat outlook and U.S. economic data was strong, lifting the Dow to a new high. Treasury yields and the dollar also rose on Thursday, which is not so positive for emerging markets, however. The dollar is its strongest in two and a half months and has appreciated in all but two of the last 14 trading days. Here are key developments that could provide more direction to markets on Friday:- China GDP (Q3)- Japan inflation (September)- Malaysia GDP (Q3) More

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    Chile central bank cuts interest rate to 5.25%

    The bank said that if the economic scenario envisaged in its September report materializes, the rate “will see further reductions to meet its neutral level.”The bank also reaffirmed its commitment to a flexible policy to bring inflation towards 3% within the next two years.Analysts polled by the bank this month had predicted the 25-basis-point cut, pointing to lower risk of more medium-term persistency in inflation as related to shocks. They predicted the rate will hit 4.75% within five months.The bank said global financial markets had registered fluctuations in oil and copper prices, fueled by the conflict in the Middle East and Chinese stimulus packages.Chile is the world’s top copper producer.Domestic activity and demand indicators are so far consistent with forecasts, it said, pointing to a positive mining performance and “relatively stable” consumption and investment.Inflation forecasts for the coming year have edged down, it added, after inflation dropped to around 4% in September. More

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    MetaWin Integrates $DYDX, Launches New Prize Draw with 5,000 DYDX Tokens for Eligible Participants

    A dynamic shift is unfolding in the world of crypto-powered competitions as MetaWin, known for its thrilling Web3 contests, opens its doors to a new community. In a bold new move, MetaWin is embracing the $DYDX token, bringing together the excitement of decentralized trading with high-stakes entertainment.MetaWin’s $DYDX integration offers a compelling opportunity for $DYDX holders to participate in a unique prize draw as part of the launch. The platform is offering a 5,000 DYDX token prize pool, valued at approximately $4,600, which will be awarded to eligible participants through a free-entry draw. To qualify, participants must hold a minimum of 100 DYDX tokens in their wallets.Launch Prize Draw DetailsWhat: A chance to win from a 5,000 DYDX token pool (~$4,600)How to Enter: Hold a minimum of 100 DYDX tokens in a compatible walleCost: Free entryPurpose: To celebrate DYDX’s acceptance on MetaWinUsers can click here to enter the 5,000 DYDX draw for free.MetaWin has hinted at upcoming competitions, giveaways, and new prize pools, signaling further engagement opportunities for traders and Web3 enthusiasts. As the platform expands, MetaWin remains focused on delivering decentralized entertainment options that resonate with the evolving needs of the crypto community.About MetaWinMetaWin stands as the premier platform for on-chain prize competitions and instant win games, offering a diverse array of entertaining challenges for users. Through the utilisation of cutting-edge blockchain technology, MetaWin ensures a transparent, fair, and secure gaming environment, making it the preferred destination for blockchain enthusiasts and gamers alike. At the forefront of Web3 innovation, MetaWin is supported by a robust community of 250,000 connected wallets. Renowned for its ability to craft impactful digital experiences, MetaWin remains dedicated to pushing the boundaries of the cryptocurrency landscape.For more information, users can visit MetaWin.com.Users can follow MetaWin on social media and join MetaWin’s community:X| Instagram| Telegram | Discord ContactMetawinMetawinpr@metawin.incThis article was originally published on Chainwire More

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    Meme Coins (DOGE, SHIB) to Hit $1 Triillion Market Cap This Cycle: Jeremie Davinci

    He made quite a bold prediction that is likely to make meme coin investors happy.The early Bitcoin millionaire stated that during the last market cycle, leading meme coin DOGE managed to soar to a $88.8 billion market cap value, while the second largest meme digital currency, Shiba Inu’s, market cap skyrocketed as high as $40 billion.Davinci believes that in this cycle, all meme coins as an asset class are likely to reach a whopping $1 trillion market capitalization – this is slightly below the level where Bitcoin’s market cap is sitting at the time of this writing – $1,320,587,283,299, according to the data provided by CoinMarketCap.After the staggering 14% increase witnessed by Dogecoin this week, over the past 24 hours, the original meme cryptocurrency descended by 5%, falling from the recent local high of $0.12835 to the $0.12202, where it is changing hands at the moment. DOGE’s market cap currently constitutes $17,813,363,036.As for SHIB, this metric stands at $10,533,255,950, while the canine-themed coin is going for $0.00001800. Today, it has pared its losses a little after decreasing by 6.64% over the past day.This article was originally published on U.Today More

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    ‘Bitcoin Is Chess,’ Michael Saylor Says as BTC Price Rebounds

    The post characteristically depicts Saylor staring intently at a chessboard, focusing on the “white pieces—king, queen, and knight.” The white pieces were surrounded by many black pieces.”Bitcoin is Chess, not Checkers,” Saylor captioned the X post.The caption chosen likely suggests that trading in the world of Bitcoin requires long-term strategic planning, just like a game of chess. Notably, in chess, every move impacts future outcomes, and as such, a player needs foresight to win. As in the game of Saylor’s post on X, a good player could still snatch a win despite being outnumbered by black pieces.Saylor might be hinting that Bitcoin is unlike checkers, which has fewer variables and less intricate planning and where short-term tactics can win games.As reported by U.Today, the MicroStrategy chairman recently shared a “Bitcoin to moon” post on X. The post came after Bitcoin surged past the $68,000 mark, buoyed by bullish market sentiment.In a related development, Saylor also provided insight into succeeding in the cryptocurrency space by trading Bitcoin. According to him, “If you want to win, you need a Bitcoin strategy.”Thus, his recent chessboard post might further clarify the earlier strategy shared with followers.This article was originally published on U.Today More

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    Bitcoin to Hit New All-Time Highs in 2024? Market Survey Says Yes

    Bitcoin reached an all-time high of about $74,000 in mid-March, driven by expectations of strong demand from U.S. exchange-traded funds, which were granted approval in the U.S. for the first time in January. Despite the surge, many believe Bitcoin’s bullish run may not be over yet.According to a recent survey, there remains a belief on the market that Bitcoin might surpass its previous peak.In a new tweet, crypto analyst Lark Davis, known as Cryptolark, has highlighted data from Polymarket, indicating a 72% chance of Bitcoin achieving a new all-time high (ATH) in 2024.Cryptolark shared this insight with his followers, asking what their BTC price prediction for 2024 was. The expectation that Bitcoin might hit new all-time highs in 2024 is supported by historical trends, with Bitcoin exhibiting positive returns in Q4 during halving years.If history is any indicator, there is a 73% likelihood that Bitcoin will rally in the fourth quarter of 2024; however, whether this tendency will continue is unknown.Bitcoin, the largest cryptocurrency by market capitalization, reached a nearly three-month high of $68,399 in Wednesday’s trading session, following three days of steady increases before dipping.The cryptocurrency market is trading in the red as investors anticipate new economic data after Fed members’ latest comments on the likely path forward for interest rates. On Thursday, the most recent weekly jobless claims figures will be released, as well as September manufacturing and industrial production data.This article was originally published on U.Today More

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    Wagmind Media Redefines Web3 Marketing by Blending Data with a Human-Centric Approach

    Web3 companies have faced profitability challenges, worsened by scandals and media stigmatization, leading to a decline in investor trust. Many recognize the need to rebuild confidence and see the importance of cultivating engaged, trustworthy communities. Wagmind Media, a leader in 360° Web3 marketing, is at the forefront of this shift. Combining advanced data analytics with a human-centered approach, Wagmind is transforming social engagement, building trust, and fostering loyalty within decentralized communities. Leveraging cutting-edge technology and human creativity, Wagmind Media is redefining how Web3 companies connect and grow their communities.Data-Driven Insights, Human-Centered ExecutionAt the core of Wagmind Media’s strategy is a seamless blend of data and human touch. “We rely on data to understand community behavior, optimize strategies, and drive decision-making. But the real success comes from how we implement these insights with a human-focused approach,” explains Jorge Perdomo, Co-founder of Wagmind Media. “The numbers guide us, but it’s our ability to connect on an emotional level that builds long-term trust.”Perdomo referenced a recent Chainalysis report, highlighting that 60% of investors review community engagement on social media before investing in a token. “When social activity is weak or unprofessional, it signals high risk to investors. Our role is to ensure that our clients’ communities are active, engaging, and trusted,” Perdomo emphasized.Creative Content and Meaningful ConnectionsFor Jose Bonnet, Co-founder of Wagmind Media, a critical factor for success lies in how data-driven strategies are intertwined with genuine content creation and storytelling. ‘Data informs our approach, but it’s the authentic storytelling that brings the brand’s vision to life and creates meaningful connections,’ Bonnet explains. “Data informs our strategies, but content is what communicates the brand’s vision and builds real connections,” Bonnet explains. “We create compelling, authentic content that invites the community to engage, sparking meaningful conversations and a sense of belonging.”Bonnet stresses that without strong messaging and creative execution, even the best data-driven strategies fall short. “Nowadays, content creation is not enough. We offer an innovative solution that aims at bridging the gap between tech and human interaction. By aligning data insights with thoughtful, engaging content, we ensure our clients’ brands resonate with their audience on a personal level,” he added.The Power of Trust and EngagementWagmind Media’s success is measured through two critical lenses: trust and engagement. “Data helps us track and refine our strategies, but genuine trust is built through consistent, authentic interactions,” says Perdomo. “Technology gives us precision, but it’s our human-centric approach that fosters deeper relationships.”Bonnet echoes this, underscoring that trust and creativity go hand-in-hand. “Our role is to make sure that our clients communicate clearly, engage meaningfully, and, most importantly, earn the trust of their communities—whether they’re global or local. The human touch, backed by data, is how we ensure this.”About Wagmind MediaWagmind Media is a next-gen global Web3 marketing agency specializing in community building through proprietary methodologies that blend technology and human creativity. With a modular, scalable, and personalized model, Wagmind adapts to each client’s unique needs, acting as a true growth partner. By harnessing its global reach, Wagmind helps brands break into new markets and localize their offerings for maximum impact.Users can learn more about how Wagmind helps Web3 brands embark on a growth journey: www.wagmind.comFollow Wagmind on X and LinkedinContactCo-founderJorge PerdomoWagmind Mediahello@wagmind.comThis article was originally published on Chainwire More