Author: Charlotte

XRP Gains 2% on Institutional Demand, Altcoin RotationRipple (XRP) gained more than 2% over the past 24 hours to $1.34, outperforming a flat Bitcoin, primarily driven by steady institutional accumulation via spot exchange-traded funds (ETFs).This move shows alpha, diverging from the broader market’s muted sentiment.The push came on the back of sustained ETF inflows, with spot XRP ETFs recording $11.88 million in net inflows on May 30, signalling persistent institutional demand.Data from SoSoValue shows spot XRP ETFs attracted $11.88 million in net inflows on May 30, extending a streak of positive flows despite broader market weakness.Institutions are treating XRP as…

The Center for Applied Artificial Intelligence at Chicago Booth is hosting the third AI and Economics Summer Conference (formerly known as MLESC) on Tuesday, August 11 at the University of Chicago. The conference is organized by Sanjog Misra (Chicago Booth), Suproteem Sarkar (Chicago Booth), Annie Liang (Northwestern), and Sarah Cen (Carnegie Mellon). The AIE Summer Conference brings together researchers working at the intersection of AI and economics. We are looking for submissions on research studying how AI methods (e.g., LLMs, agents, alignment with human feedback, machine vision, text analysis) may be used to tackle existing questions in forecasting, experimental design, fairness and bias,…

New fund offers: 1 mutual fund and 1 SIF to open for subscription this week. Check details The Economic Times Source link

Private equity veteran and Gonski peer John Murphy dies AFR Source link

5 equity mutual funds offer up to 24% annualised return on SIP investments in 10 years. Check details The Economic Times Source link

1. Korean Financial, Securities & IT Firms Rush to Acquire Crypto Exchange Stakes linkAs South Korea advances the institutionalization of the Korean won stablecoin, domestic financial, securities, bank card, IT and foreign institutions are stepping up efforts to acquire equity stakes in local cryptocurrency exchanges. Hana Bank has announced plans to purchase a 6.55% stake in Dunamu, the operator of Upbit, for approximately 665 million US dollars. Samsung Securities, Samsung SDS and Samsung Card intend to jointly acquire a 4% stake in Dunamu, while Hanwha Investment & Securities plans an additional 3.90% stake purchase. Separately, Mirae Asset Consulting has decided…

Canadian billionaire Frank Giustra has challenged Bitcoin’s “digital gold” label again, arguing that crypto can still be traced and seized by governments. Summary Frank Giustra said crypto can be traced and seized, weakening Bitcoin’s digital gold claim. His comments followed US claims of nearly $1 billion in Iran-linked crypto seizures. The debate comes as governments hold seized Bitcoin and increase blockchain enforcement actions. Giustra made the comments after U.S. Treasury Secretary Scott Bessent discussed the seizure of nearly $1 billion in cryptocurrency linked to Iran. The remarks renewed debate over whether Bitcoin can serve as a safe-haven asset like gold.…

In 2022, the Asian Development Bank Institute (ADBI) and The Australian National University (ANU) conducted a joint call for research proposals from early career researchers—final year PhD up to maximum five years post-PhD – to conduct empirical economics research on Pacific Island countries. The three main goals of the call were to (a) encourage the use of promising new microdata for the region, (b) encourage early-career economists to take an interest in and work on the region, and (c) grow the evidence base related to pertinent development issues. The Workshop on the Microeconomics of Development in the Pacific shares the…

The selling price of 21-karat gold, the most sought-after gold category among consumers in Jordan, reached JD 92.3 per gram on Sunday at jewelry stores, while the buying price stood at JD 87.9 per gram. According to the Jordan Jewelers Association, the selling prices of other gold categories were as follows: * 24-karat gold: JD 106 per gram * 18-karat gold: JD 81.8 per gram The association publishes daily gold prices based on local market conditions and international bullion price movements. Source link

BC.GAME Updates $BC White Paper, Revealing New Details on Token Utility and Burn Mechanism PA Media Source link