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BTC, XRP, SOL, ETH Week Ahead: Fed Rate Decision, Mag 7 Earnings, Trump-Xi Summit to Move Markets

Major cryptocurrencies are trading higher ahead of a week filled with significant events, including Federal Reserve and Bank of Japan rate decisions and earnings from key Mag 7 stocks. The Federal Reserve is widely expected to cut its policy rate by 25 basis points to 4% on Wednesday. Bitcoin has demonstrated strength, rising 1.7% over the past 24 hours, with a notable upswing following seller exhaustion near the 200-day simple moving average. Other tokens like Ethereum and Solana increased by about 3%. As Fed Chair Jerome Powell prepares for a press conference, market participants will be keen on his views regarding the job market and inflation in light of the ongoing government shutdown. Additionally, the Bank of Japan is anticipated to maintain steady rates, but forecasts could lead to market volatility. Market sentiment is also influenced by an upcoming meeting between U.S. President Trump and Chinese President Xi Jinping, which has the potential to ease trade tensions and impact risk appetite in the markets.

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North Korea Has Stolen Billions in Crypto, But the Ability to 'Fight Back Is Growing'

A recent report highlights North Korea's increasing sophistication in crypto-hacking, revealing that the country has stolen $2.84 billion in cryptocurrency since January 2024, with at least $1.65 billion taken from January to September of this year. The Multilateral Sanctions Monitoring Team (MSMT) notes that North Korea&

US Treasury chief Bessent says 'substantial' trade framework with China reached

US Treasury Secretary Scott Bessent announced significant progress in trade negotiations with China, suggesting that a substantial framework has been established to avoid the previously announced 100% additional tariffs set for November 1. Following weeks of discussions leading to a potential meeting between President Trump and Xi Jinping at the

Alibaba’s Qwen Deep Research Creates Live Webpages, Podcasts in Seconds

Alibaba's Qwen Deep Research has launched a significant upgrade to its AI chatbot, allowing users to convert reports into live webpages and podcasts with just one click. This new functionality, powered by three open-source models, enables a seamless workflow that begins with user-sourced research questions. Once processed, users

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