MarsbitNews

Mars Finance news, September 3: Market news: The Bank of Japan is reportedly inclined to raise interest rates by 25 basis points and plans to adopt flexible policy measures going forward.

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On October 7, CertiK announced a brand upgrade at the TOKEN2049 Singapore conference. Jason Jiang, Chief Business Officer, announced at the event that the company would begin its next phase of development under the positioning “The Trust Layer for Digital Value.” This brand upgrade reflects CertiK’s mission to “build the trust infrastructure for the digital economy.”
CertiK started with smart contract audits and gradually developed into the world’s largest Web3 security company. The new brand positioning continues this development trajectory and reflects its direction of continuously expanding its security and risk management business for financial institutions, regulators, and enterprises in the digital asset ecosystem.
CertiK Chief Business Officer Jason Jiang said: “Digital assets are changing the way value flows. Pro

Mars Finance reports, according to PRNewswire, that Nasdaq-listed company Universal Safety Products (UUU) announced it will change its name to DeFi Capital Markets on October 19 and trade under the new ticker “DCM.” The company will gradually discontinue its existing product business and focus on asset tokenization, digital assets, market making, quantitative trading, and blockchain-based financial markets.

Mars Finance reports that Democratic Senator Elizabeth Warren questioned Treasury Secretary Scott Bessent about the Treasury Department’s intervention measures in the U.S. Treasury market. Warren requested an explanation of how reducing cash balances would fund Treasury buybacks and questioned the impact of rising long-term U.S. Treasury yields on consumer borrowing costs.

Mars Finance reports that, according to Gate market data, most popular Chinese concept stocks fell. Futu Holdings dropped more than 7%, Tiger Brokers fell nearly 4%, Baidu and TSMC declined more than 2%, and Alibaba fell nearly 2%.

Mars Finance News, October 7, according to market data from BIT (bit.com), at the U.S. market open, the Dow Jones Industrial Average fell 0.62%, the S&P 500 fell 0.45%, and the Nasdaq fell 0.61%. Storage stocks broadly declined, with Micron Technology (MU.O) down more than 3% and SK hynix (SKHY.O) down more than 2%.

Vest Labs has completed a $13 million seed round led by Portal Ventures, with executives from Citadel Securities, BlackRock, and KKR participating. The company allows qualified traders to trade perpetual contracts around the clock using company capital, keeping up to 80% of the profits, with the remainder going to the company. The funds will be used to develop a mobile app, expand the team, and add more asset types. As of late September, 26% of approximately 27,000 traders had made withdrawals, while monthly active users and trading volume had both increased by more than 300% month over month.

Mars Finance reports that Moody’s has assigned the decentralized finance protocol Sky a B3 rating with a stable outlook. The rating places Sky in Moody’s speculative-grade category. Moody’s noted that Sky’s capital buffer is relatively thin, with approximately $90 million in equity capital against approximately $10 billion in assets under management.

Mars Finance reports that on October 7, Anta Sports completed the acquisition of a 29.06% stake in Puma.

Mars Finance reports that the Institute of International Finance (IIF) said capital outflows from emerging-market stocks have reached $113.9 billion so far this year.

Mars Finance reports that, according to The Information, Nvidia (NVDA.O) is discussing reinvesting $1 billion in humanoid robotics company Figure.

Mars Finance reports that on October 7, CoinDesk analyst Krisztian Sandor said that Tom Lee, chairman of Ethereum treasury company BitMine, stated at the TOKEN2049 conference in Singapore that the company will stop buying once its ETH holdings reach 5% of the circulating supply. It is currently about 100,000 ETH short of that target. The company most recently disclosed that it holds 6,016,414 ETH, accounting for approximately 4.9% of the circulating supply and valued at about $15.5 billion based on Wednesday’s price. BitMine increased its ETH holdings by approximately $41 million last week. If it maintains this purchasing pace, it is expected to take another six to seven weeks to reach the 5% target. The company also holds $643 million in cash and marketable securities, which at the current price is more than enough to complete the remaining purchase

Mars Finance reported that Daniel Rhyne, a former core infrastructure engineer at an industrial company in New Jersey, United States, was sentenced to 32 months in prison for attacking his employer’s computer network and demanding Bitcoin as ransom. Rhyne, 59, is from Kansas City, Missouri, and was sentenced in Trenton on September 28 by U.S. District Judge Michael A. Shipp. He pleaded guilty in April this year to charges including extortion by threatening to damage a protected computer and intentionally damaging a protected computer. Prosecutors did not disclose the company’s name. The company is headquartered in Somerset County, New Jersey, and serves clients in industries ranging from biopharmaceuticals to oil and gas. According to the FBI’s criminal complaint, at around 4 p.m. on November 25, 2023, the company’s network administrators began receiving password reset notifications for hundreds of accounts, and subsequently discovered that all other

Investors are focused on the thinking behind the Fed’s rate hike last month, particularly the extent to which the FOMC minutes discuss the “credibility hike” framework. BMO strategist Ian Lyngen said the prevailing view is that rates are being raised to maintain credibility, rather than solely in response to the data. If the minutes show broad discussion of this framework, the path of future rate hikes could be more gradual, in line with Williams’ remarks. The minutes will also weigh the dual mandate of full employment and price stability, helping assess the willingness to continue raising rates and whether a September hike was a one-off action.

Mars Finance reports that the SpaceX (SPCX.O) spacecraft has departed the space station, and the crew has begun its journey back to Earth.

Coplan says crypto trading is evolving into a game of “irrational exuberance,” with traders chasing the next 100x token even though its value could be zero; Polymarket’s user growth reflects a preference for bets with predictable odds rather than coins poised to surge. Polymarket is the second-largest prediction market, with $1.21 billion in 7-day trading volume, compared with $2.3 billion for Kalshi. Regulatory scrutiny is intensifying. JPMorgan ended its banking relationship in August, but could still serve as an underwriter if the company goes public.

Mars Finance reports that a Reuters poll showed fixed-income strategists expect U.S. Treasury yields to fall over the coming months. Although the yield on 10-year U.S. Treasuries recorded its largest quarterly increase since 1994, strategists continued to hold a bearish view on yields. The poll showed a median forecast that the 10-year Treasury yield would fall to 5% by year-end, 4.9% in six months, and 4.75% in one year.