Cathie Wood’s ARK Invest buys $5 million more in shares in a new exchange celebrating its US listing!
Elon Musk announced “X Chat,” a new messaging app using cryptographic technology similar to Bitcoin!
Major stablecoin company Tether reports over $10 billion in profits and $6.8 billion in excess reserves this year!
Solana wins the DeFi throughput race, processing 70 million transactions per day and generating $143 billion in trading volume!
Despite Web3’s decentralized philosophy, cloud outages have highlighted the issue of DeFi app downtime!
Let’s analyze the news about the global economy and cryptocurrencies and consider economic trends together! This program brings you the latest news to help you build your wealth. Saturday, November 1st: Let’s take a look at 24-hour data headlines from the cryptocurrency market.
The first news item is, “ARK Invest Increases Shares in US-Listed Exchange by $5 MillionâCathie Wood’s Bullish Stance Clearly.”
ARK Investments, led by well-known investor Cathie Wood, has increased its stake in a newly launched US exchange by $5 million. This move demonstrates ARK’s continued bullish stance on cryptocurrency-related companies and its expectations for market expansion. Emerging exchanges are gaining attention in the US market, and ARK is betting on their growth potential.
ARK has previously been known for its investments in Bitcoin and innovative technology companies, and this latest investment is similarly driven by confidence in the entire cryptocurrency ecosystem. Some investors have interpreted ARK’s move as a positive sign for the market as a whole.
Next, “Elon Musk Announces X Chat! A Messenger with Bitcoin-Like Encryption Technology.”
Elon Musk, who always makes waves in the technology industry, has released a new communication app called “X Chat.” This messenger uses encryption technology similar to Bitcoin and features advanced privacy protection. Musk has emphasized its position as a secure communication tool.
Privacy issues have been rife in social media and messaging, but “X Chat” is attracting attention as an attempt to address these issues. It has attracted interest and expectations from users and security experts, and a new axis of competition is likely to emerge in the market.
The third point is, “Tether Reports Over $10 Billion in Profits and $6.8 Billion in Excess Reserves for 2025.”
Tether, the largest stablecoin company, has announced that it has recorded over $10 billion in profits so far this year, including $6.8 billion in excess reserves. This is an important indicator that will lead to increased stability and reliability in the stablecoin market.
Tether, a currency unit known as USDT, is widely used around the world, and its reserve status is closely monitored by regulators and investors. This report is likely to provide a sense of security to market participants. However, there is also strong support within the industry that maintaining transparency and complying with regulations will remain key.
Next, “Solana Takes the Lead in the DeFi Throughput RaceâOver 70 Million Transactions Per Day”
Known as a high-speed blockchain, Solana achieved a massive 70 million transactions per day and a trading volume of $143 billion, winning the DeFi (decentralized finance) throughput race. This processing power is unmatched by other chains.
This achievement has been highly praised by DeFi application developers and users, and is expected to lead to continued capital inflows and an increase in projects in the Solana ecosystem. However, high-speed processing also comes with the challenge of maintaining network stability.
Finally, “Web3 Decentralization: Why? DeFi Apps Suspended Due to Cloud Outages”
Web3 is originally marketed for its decentralized network’s fault tolerance and transparency. However, many DeFi applications (dApps) experience downtime due to cloud service outages. This is due to the reliance of many dApp operators on the cloud.
Regarding this contradiction, experts point out that “true decentralization is still a long way off.” They also argue that resolving these issues requires technological innovation, such as strengthening on-chain infrastructure and adopting decentralized hosting methods other than the cloud.
This series of news has three important psychological and economic impacts.
First, the aggressive buying by major institutional investor ARK Invest signals a return of confidence in the market as a whole and expectations for growth. This creates an environment in which other investors are more likely to follow suit.
Second, Musk’s announcement of X Chat and Tether’s strong financial reports have heightened expectations for innovation and a sense of security in both cryptocurrency-related technologies and financial infrastructure.
Third, the gap with the original ideals of Web3 has also been highlighted, and there is a growing recognition that resolving this issue is essential for the ecosystem to expand in the future.
That concludes today’s news. Our channel provides in-depth, specialized features focusing on valuable news in the cryptocurrency world. If you find this channel valuable, please share, follow, and turn on notifications.
See you tomorrow.
