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πŸ”₯ NEW: Nvidia has partnered with Perplexity to bring local-first AI directly to users’ desktops.
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πŸ”₯ LATEST: Bloomberg’s Eric Balchunas says gold and Bitcoin ETFs returning to the top 10 most traded funds could signal the β€œdebasement trade” is replacing AI mania.

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🚨 ALERT: Over $115 million in long positions were liquidated in the past hour.

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πŸ‡ΊπŸ‡Έ UPDATE: A Ludwig Institute analysis found that nearly 25% of U.S. workers were unemployed, stuck in part-time jobs or earning poverty-level wages, even as the official jobless rate was 4.1% in July.

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πŸ‡―πŸ‡΅ JUST IN: Japan is reportedly exploring blockchain tech to enable instant settlement of stock and government bond trades, with a formal plan expected by 2027, per Nikkei.

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πŸ”₯ LATEST: BlackRock has executed $5b in tax-deferred bitcoin to ETF swaps that can be done for as little as $1M, with Robbie Mitchnick pointing to expanding access, BBG reports.

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πŸ”₯ BIG: RLUSD has topped $2B in market cap, with nearly $1B issued directly on the XRP Ledger.

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πŸ‡ͺπŸ‡Ί JUST IN: Revolut launches euro-backed stablecoin EURR.

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πŸ”₯ BULLISH: Bernstein predicts Bitcoin will hit $300,000 by 2029.

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πŸ‡ΊπŸ‡Έ JUST IN: US economy grew at an annualized 1.5% in Q2, unchanged from the initial estimate.

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Cointelegraph LONGITUDE is heading back to where it started.

LONGITUDE returns to Singapore for its 10th edition, bringing senior institutional and Web3 leaders into one room:

β€’ Geoff Kendrick, Global Head of Digital Assets Research, Standard Chartered
β€’ Nischint Sanghavi, Head of Digital Currencies APAC, Visa
β€’ Cynthia Bessette, SVP, Fidelity Investments
β€’ Chetan Karkhanis, SVP, Franklin Templeton
β€’ Arthur Hayes, CIO, Maelstrom
β€’ Nikil Viswanathan, Co-Founder & CEO, Alchemy
β€’ Avery Ching, Co-Founder & CEO, Aptos Labs
β€’ Keone Hon, Co-Founder, Monad Foundation
β€’ Kain Warwick, Founder, Synthetix
β€’ Arnaud Simerey, VP of Institutions, Dune
β€’ Bobby Ong, Co-Founder and CEO, CoinGecko
β€’ Duncan Moir, President, 21Shares
β€’ Evgeny Gokhberg, Founder and CIO, Re7 Capital

And the lineup is still growing, more speakers to be announced soon.

Oct. 8 | Amara Singapore

πŸ‘‰πŸΌ Request to join: https://luma.com/2g8kwtyd

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πŸ‡ΊπŸ‡Έ JUST IN: The SEC is preparing an overhaul of crypto custody rules for investment firms, aiming to clarify how advisers can hold digital assets for clients.

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πŸ”₯ JUST IN: JPMorgan recently explored launching its own stablecoin, per WSJ.

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🚨 JUST IN: JPMorgan recently explored launching its own stablecoin, per WSJ.

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