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According to Cointelegraph, WisdomTree has announced that debit card holders can now spend directly from its tokenized onchain money fund. The asset manager has integrated the WisdomTree Government Money Market Digital Fund (WTGXX) into its Visa debit card, allowing users to fund their daily purchases through the app while potentially earning yield from the WTGXX investment until it is sold for spending, as stated by Will Peck, WisdomTree’s head of digital assets. WTGXX is a tokenized real-world asset fund that includes United States Treasury bills and other highly liquid assets, yielding around 4.6% as of October 9. The fund currently manages approximately $12 million in assets. WisdomTree operates over a dozen tokenized investment funds, with holdings ranging from money market instruments to S&P 500 stocks and US Treasury bonds. The largest funds by assets under management are the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and the Franklin OnChain US Government Money Fund (FOBXX), with AUM of approximately $520 million and $440 million, respectively. In September, WisdomTree launched an RWA platform called WisdomTree Connect, designed to allow users to access the asset manager’s regulated fund tokens from any wallet or blockchain network. Initially, the platform will custody users’ tokenized investment funds with third-party custodians while sending a digital record of ownership to the user’s personal wallet. WisdomTree aims to eventually expand access to its RWAs to other customer-facing platforms and apps, including retail users with self-hosted wallets. Real-world assets, including tokenized claims on financial assets, commodities, or art, currently have nearly $13 billion in total value locked, representing a $30-trillion market opportunity globally, according to Colin Butler, Polygon’s global head of institutional capital.

According to BlockBeats, on October 10, US stocks continued their upward trend following the release of the Federal Reserve meeting minutes. The S&P 500 index increased by 0.5%, the Dow Jones rose by 0.9%, and the Nasdaq climbed by 0.38%. In the foreign exchange market, the USD/JPY experienced a short-term rise of 10 points, reaching 149.25. Currently, the USD/JPY stands at 149.23, marking a 0.7% increase. Meanwhile, the EUR/USD saw minimal changes, declining by 0.37% to 1.0939 during the day. Additionally, the yield on the US two-year Treasury bond slightly decreased to 4.011%.

According to BlockBeats, the minutes from the Federal Reserve's October 10 meeting indicate that a significant majority of members support a 50 basis points rate cut. This decision reflects a consensus among the members to adjust the monetary policy in response to current economic conditions. During the meeting, some participants highlighted that there were reasonable grounds for a 25 basis points rate cut in the July meeting. This discussion underscores the ongoing deliberations within the Federal Reserve regarding the appropriate measures to sustain economic stability and growth. The minutes provide insight into the central bank's strategic considerations and the factors influencing their policy decisions.

According to BlockBeats, on October 10, the SUI chain's meme token Loopy experienced a significant surge, increasing by over 763% within 24 hours. The market capitalization of Loopy has surpassed $17 million, with a 24-hour trading volume of $4.7 million and a liquidity pool of $725,000. Loopy is characterized by its cute pink fox animation, created by a South Korean designer. The design features large eyes, a rounded body, and simple lines, conveying emotions of friendliness and optimism. This appealing image has garnered popularity among young people and trend enthusiasts. BlockBeats advises users that meme tokens currently lack practical use cases and are subject to high price volatility. Investors are urged to exercise caution.

According to BlockBeats, on October 10, the S&P 500 Index is poised to reach new highs as market attention shifts to the start of the earnings season. The third-quarter earnings season will officially commence on Friday, with several of the largest banks set to report their results. Investors have recently maintained a generally optimistic outlook, with strong economic data offsetting heightened tensions in the Middle East and uncertainties surrounding the upcoming U.S. elections. On Tuesday, driven by gains in technology stocks, the S&P 500 Index approached its historical peak. In the near future, the Federal Reserve is expected to release the minutes from its September meeting. During this meeting, the Fed made a bold decision to cut interest rates by 50 basis points, marking the beginning of its rate-cutting actions. However, this decision was not unanimous, as it was the first time since 2005 that a Fed governor dissented from the majority opinion.

According to Odaily, recent data monitored by Lookonchain on October 9 reveals notable outflows from U.S. Ethereum and Bitcoin ETFs. The data indicates that nine U.S. Ethereum ETFs experienced a total net outflow of 3,422 ETH, approximately valued at $8.32 million. Among these, Bitwise saw an outflow of 1,865 ETH, roughly equivalent to $4.53 million. Currently, Bitwise holds 98,288 ETH, valued at approximately $238.84 million. In addition, ten U.S. Bitcoin ETFs recorded a total net outflow of 105 BTC, approximately worth $6.5 million. Notably, Fidelity experienced an outflow of 787 BTC, around $48.55 million. As of now, Fidelity holds 178,778 BTC, valued at approximately $11.03 billion.

According to Odaily, OpenAI is pursuing a largely untested corporate structure to shield itself from hostile takeovers and protect CEO Sam Altman from external interference. The artificial intelligence startup, which secured $6.6 billion in new funding last week, is planning to restructure as a Public Benefit Corporation (PBC). Multiple sources familiar with the company's strategy indicate that one key advantage of the PBC structure is its potential to thwart unwanted acquisitions or demands from activists. This means that existing investors, such as Microsoft or other parties, may face challenges if they attempt to acquire OpenAI. The PBC structure obligates OpenAI to balance the best interests of shareholders, the public, and stakeholders, including employees and society. A knowledgeable source stated that this approach to the company's

According to CoinDesk, Colombian neobank Littio is facilitating customer access to U.S. Treasury bills via crypto products. The bank is transitioning its vault holdings from Ethereum (ETH) to Avalanche (AVAX) to scale its offerings, known as Yield Pots, which allow users to earn interest on their U.S. dollar deposits. This shift is driven by growing demand for Yield Pots, with Avalanche's low transaction fees and consistency cited as key factors for the change. Littio's partnership with OpenTrade, a London-based firm, enables exposure to Yield Pots. OpenTrade develops yield-bearing products using stablecoins and real-world assets like U.S. Treasury bills. Stablecoins are cryptocurrencies designed to maintain parity with government-issued currencies, typically the U.S. dollar. Real-world assets refer to assets outside the crypto ecosystem, such as real estate, represented on-chain as digital tokens. Jeff Handler, chief commercial officer at OpenTrade, noted that Littio is currently the only Latin American neobank using their vaults, with more clients expected to offer various USDC-based fintech services this year. These clients include neobanks, centralized exchanges, and payment companies already utilizing USDC to meet the demand for USD bank accounts, payments, and services across Latin America. Since its launch in February, Littio's Yield Pots have achieved over $80 million in transaction volume and generated $250,000 in returns for users in the past four months. Littio reinvests between $11 million and $13 million in OpenTrade vaults monthly. For comparison, Franklin Templeton's tokenized money market fund, which similarly provides exposure to U.S. Treasuries, has amassed $435 million in assets since 2021. The yield from Littio's vaults ranges between 2% and 5%, according to the company's website. The product's appeal is understandable, given the significant depreciation of the Colombian peso against the U.S. dollar over the past decade. Other Latin American currencies also face severe inflation, making the U.S. dollar an attractive alternative. Additionally, Littio customers may encounter currency restrictions or lack access to traditional banking services, further incentivizing them to use Littio. Morgan Krupetsky, head of institutions and capital markets at Ava Labs, which develops the Avalanche blockchain, highlighted that Littio and OpenTrade demonstrate how Avalanche's technology can provide underbanked populations with access to products and services otherwise unavailable through traditional financial systems.

According to Odaily, the meme token MIHARU experienced a significant surge in value following a post by the XData account on the X platform. The post featured an image of a smiling finless porpoise, which led to the token's value increasing fiftyfold, reaching a market capitalization of $3 million in a short period. This is not the first time XData has influenced the market with animal-related posts. On September 21, the account posted an image of MOODENG, another instance where animal imagery had a notable impact. The rapid rise in MIHARU's value highlights the influence of social media activity on the cryptocurrency market, particularly with meme tokens that can experience volatile price movements based on trending content.

According to Cointelegraph, despite a general decline in venture capital funding, artificial intelligence startups experienced another quarter of significant cash injections. Data compiled by analytics company Stocklytics revealed that AI startups raised $11.8 billion over the past 90 days, representing 30% of total venture capital funding in the third quarter of 2024. This surge occurred despite increased export restrictions on AI chips in the United States, valuation uncertainties, and earlier disappointing earnings from startups, creating a mixed landscape for investors. The analysis indicated that although investors are becoming more selective about which AI startups to support, their overall interest remains robust. Stocklytics analyst Neil Roarty noted that the $11.8 billion of fresh capital is close to the quarterly figures seen throughout 2023 and 2024, excluding the record $29.6 billion raised in Q2 2024. However, the deal count declined, with the total number of transactions dropping by 28% year-over-year to 79 in the third quarter, down from 110 in the same period of 2023. Roarty mentioned that larger deals have kept sentiment in the sector positive, even as overall VC funding activity slowed down, falling by 13% year-over-year. Data from Crunchbase shows that investors have injected close to $53 billion into the AI sector so far this year, which is 35% more than in the first three quarters of 2023. Notable deals include OpenAI’s recent $6.6 billion round at a $157 billion valuation. With this quarter’s figures, the cumulative funding amount in the AI sector now exceeds $241 billion, with US companies raising almost 65% of that, or $155 billion. Asian AI startups have raised $53 billion, while European AI firms have secured $30.2 billion. One of the key strategies of venture capitalists is the convergence of AI and blockchain technology. Pantera Capital’s portfolio manager Cosmo Jiang expressed excitement about opportunities at the convergence of AI and Crypto, noting that this distinction may become outdated in a few years. Additionally, investment manager VanEck announced a new venture fund on Oct. 9 targeting AI and crypto startups, with $30 million available for pre-seed and seed-stage companies.

According to Odaily, the market shows that the price of PROS has surged to 0.7 USDT and is currently trading at 0.6651 USDT, marking a 24-hour increase of 143.72%. This significant rise follows the recent announcement by Animoca Brands, which stated that it will increase its holdings of PROS tokens through the open market.

According to BlockBeats, Animoca Brands has announced plans to increase its holdings of PROS tokens through the open market. PROS is the utility token of Prosper, a decentralized prediction market platform. The decision reflects Animoca Brands' ongoing interest in expanding its portfolio within the blockchain and cryptocurrency sectors.

According to Odaily, decentralized perpetual exchange Hyperliquid has released a report detailing the cause of the Arbitrum bridge failure that occurred on Monday. An anonymous developer, iliensinc, explained that the issue was due to an 'extremely rare edge case' where multiple RPCs (remote procedure calls) received incorrect data.

According to PANews, data from Coinglass reveals that the cryptocurrency market experienced liquidations totaling $106 million over the past 24 hours. Of this amount, long positions accounted for $66.33 million, while short positions made up $39.74 million. Bitcoin (BTC) saw liquidations amounting to $23.97 million, and Ethereum (ETH) experienced liquidations totaling $15.10 million.

According to CoinDesk, real estate has historically been a significant source of wealth for older generations in top-tier Asian cities like Singapore and Hong Kong. Many older individuals have seen their wealth increase due to rising property values, even if they are cash-poor. In Hong Kong, for example, parents who fully own their property are likely to be millionaires, even if it is a small one-bedroom apartment. However, younger generations, including millennials and Gen Z, face significant financial burdens due to ultra-high property prices. Many are weighed down by long-term mortgages with high interest rates, making it difficult for them to build the same level of wealth through real estate as their parents did. Despite the challenges, many young adults still view real estate as their only viable investment option, as there are few obvious alternatives. The continuous inflation of the real estate market in various Asian cities makes it increasingly difficult for them to keep up, potentially leading to a downward financial spiral. Amid this dilemma, some experts advocate for alternative investments such as bitcoin. Bitcoin, often referred to as “virtual real estate,” offers a unique opportunity for younger investors. With a capped supply of 21 million units, bitcoin is rarer than most real estate options. Its highly liquid market allows investors to trade BTC anytime, without the barriers associated with property ownership and hefty down payments, making it an intriguing investment option. Wealth is often transformed and redistributed across generations, and bitcoin could play a pivotal role in this transition. Data indicates that younger people, driven by their tech savviness, are generally more open to cryptocurrency investments. This generational shift suggests that bitcoin may be crucial for transferring wealth from older generations to younger ones. Bitcoin represents a new frontier for wealth accumulation among younger generations. Instead of pursuing increasingly expensive real estate, younger investors might consider allocating funds to bitcoin. It is crucial, however, to approach this investment with a long-term mindset, similar to holding onto residential property, rather than engaging in speculative trading. This responsible and prudent approach is key to building enduring wealth in an increasingly challenging financial landscape.

According to Odaily, Forbes has updated its digital assets section to include Scallop (SCA). The page will now display real-time information on the SCA token, including its price and circulating supply.

According to BlockBeats, on October 9, CoinDesk reported that State Street Bank's Chief Product Officer, Donna Milrod, revealed in an interview with Financial News that the bank is currently working on tokenizing bonds and money market funds. However, there are no plans to create stablecoins or tokenized deposits at this time. Milrod clarified, 'This does not mean we won't do it in the future; we just don't see the necessity right now.' Milrod mentioned that State Street Bank has two ongoing tokenization projects, focusing on bonds and money market funds, which are expected to be completed 'sometime next year.' The goal is to establish tokenized collateral, allowing traders to use it as margin without liquidating their assets to cash out. She emphasized, 'Operational efficiency alone is not enough. It needs to have commercial value, and the industry is figuring out where that value lies. Tokenized collateral could help avoid or mitigate the 'liability-driven' crisis of 2022, where pension funds could use money market fund tokens to meet margin calls instead of liquidating assets to raise cash.'

According to Odaily, monitoring data from Lookonchain reveals that Murad made a substantial profit from his investment in SPX tokens. Based on addresses published by ZachXBT, Murad purchased 35.69 million SPX tokens between June 2 and August 16, spending $387,000. These tokens are now valued at $24 million, resulting in a profit of $23.6 million and an impressive return on investment of 61 times.

According to Odaily, German parliament member Joana Cotar has emphasized that a proper Bitcoin strategy holds the potential to transform a nation. Cotar pointed out that inflation effectively 'steals money' from people every month, and Bitcoin could offer a solution to this issue.

According to Odaily, Grayscale has announced on the X platform that the Grayscale Sui Trust is now open to qualified investors. This new fund allows investors to gain exposure to SUI through the trust.