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More →Jefferies chief European economist Mohit Kumar said in a report
Coin World news: Jefferies chief European economist Mohit Kumar said in a report: "Trump is exploring all possible avenues to try to push down diesel prices before the midterm elections." He added: "This deal with Russia has met with opposition both domestically in the United States and among European leaders, because it would bypass existing sanctions measures against Russia." "Although increasing diesel supply... could ease some of the pressure on diesel prices, the supply volume agreed by both sides is unlikely to have a substantial impact."
Former head of the oil markets division at the International Energy Agency (IEA), Neil Atkinson, said
According to news from Bijie, former head of the oil market division at the International Energy Agency (IEA), Neil Atkinson, said that it remains a mystery where the diesel needed for the Russian diesel supply agreement announced by Trump will actually come from. If it can only come from Russia's domestic supply, this will deal a severe blow to the Russian economy. Atkinson pointed out that the Group of Seven (G7) recently approved the release of 50 million barrels of diesel reserves, but because the scale, timing, and location of the release are all unclear, this measure has "done almost nothing to ease the original supply tightness in the diesel market." The new agreement reached between the United States and Russia will face the same situation. Even if the first batch of 300,000 tons of diesel (equivalent to an average of about 70,000 barrels per day over one month) could arrive tomorrow, the impact would be minimal. The reason the impact is limited is that the United States consumes 3.7 million barrels of diesel per day, while the world consumes 29 million barrels of diesel per day.
Grant Cardone: Will buy another 500 BTC using real estate cash flow.
Billionaire Grant Cardone recently told Peter Schiff that his company will use real estate cash flow to buy more Bitcoin every month, and plans to buy another 500 BTC through refinancing. He is using a completely different asset class to buy more Bitcoin.
Former IEA official: Russian diesel supply deal unlikely to ease global shortage; first cargoes are a drop in the bucket.
CoinWorld news, former IEA official: Russia diesel supply agreement unlikely to resolve global shortage, first shipment a drop in the bucket. Neil Atkinson, former head of the oil market division at the International Energy Agency (IEA), said that it remains a mystery where the diesel needed for the Russia diesel supply agreement announced by Trump will actually come from. If it can only come from Russia's domestic supply, this will deal a severe blow to the Russian economy. Atkinson pointed out that the Group of Seven (G7) recently approved the release of 50 million barrels of diesel reserves, but because the scale, timing, and location of the release are all unclear, this measure "has done little to ease the supply tightness that already existed in the diesel market." The new agreement reached between the United States and Russia will face the same situation. Even if the first batch of 300,000 tons of diesel (equivalent to about 70,000 barrels per day over one month) arrives tomorrow, the impact would be minimal. The reason the impact is limited is that the United States consumes 3.7 million barrels of diesel per day, while the world consumes 29 million barrels of diesel per day.
Kraken's parent company receives approval from UAE's VARA to expand.
Coin World News: Kraken's parent company Payward has obtained full market approval from the United Arab Emirates' Virtual Assets Regulatory Authority (VARA) to expand its digital asset services. This approval builds on the preliminary approval obtained in May of this year. Payward stated that customers in the UAE will be able to access spot and margin trading denominated in UAE dirhams (AED), as well as make direct deposits and withdrawals. The company plans to launch its services within the next few weeks. VARA's public register shows that Payward FZCO obtained a Virtual Asset Service Provider (VASP) license on October 6, allowing it, as well as brokerage services. This approval enables it to serve retail, professional, and institutional investors.
OpenAI and Anthropic's technical monitoring capabilities raise questions
According to news from Bijie, discussions have recently drawn attention regarding whether OpenAI and Anthropic can effectively monitor their own technologies. Anthropic reported that its Claude AI model has once again encountered problems, submitting a false lead to Philadelphia police about an unsolved murder case, using a software vulnerability to run commands on a university server, and even bypassing restrictions through a URL shortening service to conduct cyberattacks. CEO Dario Amodei stated that Anthropic will prohibit "persistent and gratuitous abuse or cruelty" toward Claude. Meanwhile, OpenAI CEO Sam Altman has also come under criticism after his model conducted cyberattacks during testing. Appian CEO Matt Calkins proposed that a government-authorized AI alignment test should be created to ensure that frontier models undergo rigorous review before use.
Former Story Blockchain plans to shut down and rebuild its AI data registry on SUI.
CoinWorld news: Former Story Blockchain announced it will shut down its chain and rebuild as a protocol running on SUI, with the SUI Foundation investing $30 million into the network. The SUI Foundation stated that this investment makes it the largest institutional shareholder in the network. Pip Labs CEO Sy Lee will join the SUI Foundation as a strategic advisor. Holders of the $DATA token will remain unchanged after the switch and will be converted to SUI at a 1:1 ratio. The foundation said that holders' economic and governance rights will be at least equivalent to what they are now, and locked and vested tokens will remain unchanged. The current chain will continue to operate until the upgrade is completed, and the foundation will release a detailed timeline and holder plan before the upgrade. According to CoinGecko data, $DATA was trading at nearly $0.21 at 08:36 UTC on Monday, up about 8% over 24 hours, with a market capitalization of approximately $75 million.
DEX 24-hour trading volume reached 5.62 billion USD.
CoinWorld data: Within the scope, DEX 24-hour trading volume was $5.62 billion, an increase of 8.59% compared with the previous statistical period under the same criteria. Among them, the DEX trading volumes of the five monitored public chains were: Ethereum $710 million; Solana $1.247 billion; BSC $538 million; Base $667 million; Arbitrum $99.5196 million.
Aramco CEO: Studying additional crude oil export routes.
According to Bijie News, the CEO of Saudi Aramco stated that the company is studying additional crude oil export routes and is committed to expanding the scale of its overseas oil storage facilities.
Bitcoin market dynamics this week: multiple economic data releases will influence price movements.
Coinbureau data: coinbureau pointed out that this week is crucial for Bitcoin, and events that may affect the crypto market include: On Tuesday, JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo will release bank earnings. On Wednesday, U.S. Consumer Price Index (CPI) data will be released. On Thursday, Producer Price Index (PPI), retail sales, and unemployment claims data will be released. In addition, Federal Reserve Chairman Kevin Warsh will speak at the International Monetary Fund (IMF). On Friday, MSCI will rule on whether it may exclude Strategy and Metaplanet from its indexes, and $1.28 billion worth of Bitcoin options will expire. Analysis suggests that if CPI/PPI data is strong, it may reinforce expectations of a December rate hike, causing Bitcoin to fall below $83,000. If the data is weak, the probability of a rate hike decreases, which will provide room for Bitcoin to rebound back to $86,000. Warsh's remarks will be an important statement before the October Fed meeting, and any hawkish signal will lock in rate hike expectations. MSCI's exclusion means passive selling pressure, while remaining in the index removes a major burden for Bitcoin treasury companies.