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Binance has made its first investment in the decentralized science sector ( #DeSci ) The company invested in BIO Protocol, a project that uses blockchain to transform the funding and commercialization of early-stage scientific research. #BIOProtocol is creating a Y Combinator-like platform for on-chain science that brings together scientists, patients and investors to fund new drugs through a biotech DAO. The current network of the project includes several BioDAOs, in particular for research on longevity, women's health and other important medical areas.
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$BTC has surpassed Meta to become the world's 9 largest asset by market capitalization. #BTC☀
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BlackRock's $BTC ETF assets exceed Gold ETF. BlackRock's iShares Bitcoin Trust ETF (IBIT) has overtaken the iShares Gold Trust (IAU) in terms of net assets to become the new leader. IBIT assets amounted to $33.17 billion, while IAU amounted to $32.96 billion. #BlackRock
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If you missed! Here is Key points from Powell's post-FOMC press conference yesterday: - Lowering interest rates will support sustainable economic growth. - The Fed's policy remains supportive, and there are no plans to raise rates yet. - Near the neutral level, the pace of rate cuts may need to be slowed. - We will be careful to avoid cutting rates too quickly. - Inflation has fallen significantly and I expect it to continue falling towards the 2% target. - The labour market remains stable and does not create inflationary pressure. - While inflation may temporarily rise, one or two negative months will not change the overall downward trend. - I will not allow inflation expectations to rise. - Macroeconomic data has improved since the September meeting. - We'll get more data by the December meeting, including one employment report and two on inflation. - The Fed is prepared to adjust policy in response to changes in the economy. -Geopolitical risks have increased. -The election will not affect the Fed's monetary policy in the near term. However, actions by the Administration or Congress could have an impact that the Fed will take into account. - I will not resign even if Trump asks me to , because the law prohibits demoting the Fed chairman. #TrumpInCrypto $BTC
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