| A resilient U.S. stocks rally heads into a busy week of corporate results, with investors concerned about the strength of the artificial intelligence trade and about how aggressively the Federal Reserve will cut interest rates. The S&P 500 on Friday ended October up 2.3% for the month, its sixth straight month of gains. |
Bitcoin exchanges experienced no let-up in spot trading volume this month, despite the price dropping nearly 20% from its all-time high. Gathering spot-market data from across global exchanges, CryptoQuant reveals that, so far in October, the total spot volume tally exceeds $300 billion.
Netflix announced a ten-for-one stock split, making the streaming company’s shares more affordable for retail investors. The company said it would issue nine additional shares for each share held after close of trading on November 10, adding that the split will make its stock more accessible
| The Japanese yen tumbled against the U.S. dollar after the Bank of Japan adopted a less hawkish tone than traders expected, while the greenback was boosted after Federal Reserve Chair Jerome Powell said a rate cut in December was not guaranteed. |
Cryptocurrency asset manager Grayscale Investments has launched its staking-enabled Solana spot ETF, expanding institutional access to Solana exposure. The Grayscale Solana Trust ETF began trading under the GSOL ticker on the New York Stock Exchange Arca platform.
A divided U.S. central bank lowered interest rates and Federal Reserve Chair Jerome Powell signaled it may be the last cut of the year, especially if the lack of official data during the ongoing government shutdown continues to shroud the true state of the economy in uncertainty.
