Global

JPMorgan Chase and Bank of America have recently revised their forecasts regarding a potential interest rate cut by the Federal Reserve in November. Citing a robust labor market, both banks now expect the Fed to implement a quarter-point reduction, shifting away from earlier predictions that suggested a more substantial cut due to anticipated economic weakening.

Avalanche [AVAX] is experiencing a notable surge in whale activity, as reported by IntoTheBlock. Recent data indicates that large transactions have skyrocketed by an impressive 98%, with big players transacting $226.19 million worth of AVAX in the last 24 hours.

The recent news regarding the SEC's decision to appeal Judge Torres' ruling has stirred significant anticipation in the crypto community. Many speculated that the watchdog might refrain from this move, given the slim chances of success.

As of October 5, data from Bitcoin Magazine reveals that various funds are now managing over 911,000 BTC, signaling a significant uptick in institutional interest in the cryptocurrency.

In a remarkably short time, cryptocurrency has emerged as a crucial asset class in the global financial market. Investors are drawn to its potential for high returns and the allure of decentralization.

Ubisoft is set to make a significant splash in the blockchain gaming arena with the upcoming launch of its Captain Laserhawk: The G.A.M.E. NFT Collection. This collection will feature 10,000 NFTs built on the Ethereum scaling network, Arbitrum, and is slated to go live in the coming weeks via the Magic Eden marketplace.