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Posts published in “Asides”

BlackRock spot bitcoin ETF approval could catapult BTC to $56,000 – Matrixport

Bitcoin’s (BTC) price could surge to as high as $56,000 if the U.S. Securities and Exchange Commission (SEC) approves BlackRock’s application for a spot exchange-traded fund (ETF), per an Oct. 19 research note by Matrixport shared with CryptoSlate. The prediction is based on the projection that the U.S...

The 10-year breakeven inflation rate has reached the second-highest level in 2023

Quick Take Since 2010, the U.S. financial landscape has primarily been marked by the Consumer Price Index (CPI) inflation rate outpacing the federal funds rate. However, this trend experienced an exception in 2019, and interestingly, in May 2023, when the country entered a period of positive real rates – a scenario where the federal funds

OpenAI eyes $86 billion valuation amid insider share sale

Artificial intelligence (AI)-focused startup OpenAI’s valuation could soon soar to as much as $86 billion as the company is reportedly planning to conduct a tender offer allowing its current employees to sell their shares, Bloomberg reported on Oct. 19. A tender offer allows employees and existing company shareholders to convert their holdings into cash...