Originally developed under the name Fierce, GalaxyOne is designed for individual investors seeking exposure to both TradFi and digital markets. Galaxy Digital, a crypto investment firm founded by former Fortress Investment Group president Michael Novogratz, is launching the GalaxyOne platform, offering exposure to both crypto and traditional finance (TradFi) markets. Galaxy Digital has launched GalaxyOne, a platform combining exposure to yields on fiat cash with trading cryptocurrencies and equities, the company announced on Monday. Targeting individual investors in the United States, GalaxyOne offers a 4% annual percentage yield (APY) on cash deposits, in addition to an 8% APY through Galaxy Premium Yield, which is offered exclusively to accredited investors. Read more
Japan’s new prime minister may drive a renewed wave of risk appetite among Japanese crypto investors, industry watchers told Cointelegraph. Japan’s newly elected prime minister, Sanae Takaichi, may bring fresh political momentum for risk assets, including cryptocurrencies, as her victory drove the country’s benchmark Nikkei index to an all-time high. Japan’s Nikkei index rose 4.75% on Monday to a new all-time high close of 47,734.04, according to TradingView. The rally followed Takaichi’s election on Saturday, setting her up to become Japan’s first female prime minister when she takes office on Oct. 15. Takaichi is widely regarded as pro-growth, supporting low interest rates, tax cuts and large-scale economic stimulus. Her stance has been well received by voters facing a weakening yen. During the campaign, she was the only candidate proposing both a major spending package and looser monetary policy. Read more
Bitcoin reached a new all-time high, but an AI-based model predicted that a historic BTC price breakout was unlikely to occur in October. Bitcoin (BTC) starts its first full week of “Uptober” fresh from a new all-time high. What lies in store for BTC price action next? Bitcoin snags a new record over the weekend, but traders expect some consolidation before heading toward $150,000. BTC price support retest targets focus on $118,000 and above. Read more
Vietnam’s crypto pilot gets no takers, with steep capital rules and bans on stablecoins and tokenized securities limiting interest. Vietnam’s Ministry of Finance confirmed that no companies had applied to participate in the country’s five-year digital asset trading pilot despite increasing global interest in regulated crypto markets. At a Sunday news briefing, Deputy Minister of Finance Nguyen Duc Chi told local media outlets that the ministry has not received any proposals from enterprises seeking to pilot digital asset trading in the country. “As of now, the ministry has not received any proposals from enterprises,” Chi said, adding that the pilot will allow a maximum of five participants. He also said the ministry is expediting the process so that the first eligible enterprise can be licensed and begin operations as soon as possible. Read more
Elon Musk announced that the first beta for Grokipedia, xAI’s answer to platforms such as Wikipedia, will launch in two weeks. Elon Musk announced that his AI company, xAI, will launch the early beta for its Wikipedia competitor in two weeks, describing the service as the answer to “falsehoods” and “half-truths.” Replying to a post about the upcoming AI-powered “Grokipedia,” Musk said via X on Sunday that “version 0.1 early beta” will be rolled out in two weeks. Musk initially announced xAI was building Grokipedia on Sept. 30, stating on X that it “will be a massive improvement over Wikipedia,” adding that: “frankly, it is a necessary step toward the xAI goal of understanding the Universe.” Details on the specifics are currently sparse; however, Musk has previously stated that Grokipedia will consist of an “open source knowledge repository.” It appears that the idea for Grokipedia was brainstormed live during a summit hosted by The All-In Podcast in September. During his appearance, Musk was explaining to the...