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4E: U.S. stocks have risen for the sixth consecutive week, gold has reached a new high, and optimistic sentiment is emerging in the cryptocurrency market

ChainCatcher news, the series of data released recently has paved the way for a "soft landing" of the U.S. economy. With only 2 weeks left until the U.S. election, the market is pricing in the prospects of a Trump victory, and global financial markets are generally on the rise.According to 4E monitoring, the Dow Jones Industrial Average rose by 0.96% last week, the S&P 500 rose by 0.85%, and the Nasdaq rose by 0.80%. All three major U.S. stock indices have risen for six consecutive weeks, with the S&P and Dow setting records for the longest weekly winning streak this year. The cryptocurrency market is replicating the upward trend that historically begins in late October. As of the time of writing, Bitcoin is priced at $69,198, just a step away from the $70,000 mark, with a weekly increase of 10.41%. Ethereum is priced at $2,741, with a weekly increase of 11.95%.In the foreign exchange market, the U.S. dollar index fell after consecutive gains last Friday but still maintained above the 103 mark, with a weekly increase of about 0.6% and three consecutive weeks of gains. The intensifying U.S. election and expectations for more monetary policy easing have propelled spot gold to set new historical highs for two consecutive days last Thursday and Friday, with a weekly increase of about 2.4%. Silver rose about 7% for the week, reaching nearly a twelve-year high. The oil market performed poorly last week due to concerns about global demand prospects and the U.S. pushing for a ceasefire in Gaza, with U.S. oil falling over 8% for the week, ending a two-week winning streak, while Brent crude fell nearly 7%.The global economy is welcoming unexpected good news, and market optimism is becoming evident. However, as the U.S. election enters a critical phase, political uncertainty still exists. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, spot gold, and foreign exchange. Recently, it launched a USDT stablecoin wealth management product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

"National Level Open Blockchain Network Technology White Paper": Building ultra-large-scale blockchain networks is becoming a new global trend

ChainCatcher news, at the 2024 Global Digital Commerce Conference held in Shanghai, the National Blockchain Technology Innovation Center released the "National-Level Open Blockchain Network Technology White Paper," which systematically presents the design ideas for a national-level open blockchain network, key technological capabilities for independent innovation, and an open-source collaborative system.The white paper believes that facing complex and significant scenarios such as global trade, finance, and supply chains, and in response to the demand for ultra-large-scale, ultra-high-efficiency, and ultra-secure blockchain applications, the establishment of an ultra-large-scale blockchain network to achieve efficient collaboration and cooperation of data across regions and entities is becoming a new global trend. The national-level open blockchain network utilizes integrated technologies such as blockchain, privacy computing, and zero-knowledge proofs to design and construct a network architecture with high performance and high reliability, ensuring efficient, fast, and secure data transmission and collaboration.Through distributed computing power across the network, it can support seamless connections for various application scenarios, allowing more high-value data resources to be securely shared and efficiently utilized in a "usable but invisible" form, thereby fully unleashing the advanced productivity of high-value data in a large number of key scenarios such as trade, finance, and energy. It can also build an open and shared blockchain ecosystem, contributing to the development of the next generation of the internet.
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