Inflows into Bitcoin exchange-traded funds totalled over $240 million in September, despite Bitcoin price slumping. Meanwhile, stablecoin growth isn’t slowing down. The total stablecoin market capitalization has surpassed $295 billion over the last month.
Top U.S. oil major Exxon Mobil said it will lay off 2,000 workers globally, particularly in Canada and across the European Union, as part of a long-term restructuring plan that will affect about 3% to 4% of the company’s workforce.
Wall Street’s three major indexes were close to flat after weak economic data and ahead of a widely expected U.S. government shutdown, which would delay key economic reports as well as heighten investor anxiety about the Fed’s interest rate policy outlook.
Dollar weakens after strong rally as US government shutdown looms. The dollar slid against yen and major currencies following a rally last week after stronger-than-expected U.S. economic data and ahead of a key nonfarm payrolls report that could offer further clues on the Federal Reserve’s policy path.
Gold prices surged past $3,800 an ounce for the first time, setting a new record as investors flocked to the safe-haven asset on U.S. rate cut expectations, fears of a potential government shutdown and escalating geopolitical tensions.
Shares of Beyond Meat slumped to a record low on Monday after the maker of plant-based meat launched an exchange offer for convertible bonds to cut more than $800 million in debt. The stock was last down 32.1%
