Avalon Labs verbrandt 13,9 miljoen AVL na buyback van $1,88 miljoen

The post USD/CHF rises on US dollar rebound, weak Swiss economic data appeared on BitcoinEthereumNews.com. USD/CHF trades slightly higher on Friday, around 0.8060, up 0.15% at the time of writing. The pair remains on track for a weekly gain, supported by the persistent weakness of the US Dollar (USD) amid growing expectations of interest rate cuts by the Federal Reserve (Fed). The US Dollar Index (DXY) is heading toward its worst weekly performance since July, despite a modest rebound on Friday driven by firmer US Treasury yields. Investors continue to price in substantial monetary easing over the next 12 months. According to the CME FedWatch tool, the chance of a 25-basis-point cut at the December meeting now stands at 85%, compared with less than 40% one month ago. This dynamic is reinforced by dovish comments from several Fed officials and this week’s soft US Retail Sales data. Speculation within the National Economic Council (NEC), suggesting that Kevin Hassett may emerge as the leading candidate to replace Jerome Powell in May, also fuels expectations of a prolonged easing cycle through 2026. In this context, US Dollar rallies are likely to remain contained unless the macroeconomic backdrop shifts meaningfully. In Switzerland, the Swiss Franc (CHF) lacks momentum following economic indicators that came in well below expectations. Swiss Gross Domestic Product (GDP) contracted 0.5% (QoQ) in Q3, below the 0.4% contraction consensus and after a revision of the previous quarter to 0.2%. Growth YoY slowed to 0.5%, far below the previously reported 1.3%. The only positive signal came from the KOF Leading Indicator, which improved to 101.7 from 101.03, slightly above consensus. Still, the data confirms a slowdown in the Swiss economy, reinforcing expectations that the Swiss National Bank (SNB) may keep its policy rate at 0.00% potentially through 2027, according to several analysts. Overall, the environment continues to favour USD/CHF upside, although the pair remains sensitive to…

The post China’s Ban on Nvidia Chips for State Firms Sends Stock Tumbling appeared on BitcoinEthereumNews.com. Cyberspace Administration of China (CAC) has instructed big companies to stop purchasing and cancel existing orders for Nvidia’s RTX Pro 6000D chip The ban is part of China’s ongoing effort to reduce dependency on US-made AI hardware, especially after restrictive US export rules After the news, Nvidia shares dropped in premarket trading by about 1.5% Cyberspace Administration of China (CAC) has instructed big companies like Alibaba and ByteDance to stop purchasing and cancel existing orders for Nvidia’s RTX Pro 6000D chip. The ban is part of China’s ongoing effort to reduce dependency on US-made AI hardware, especially after restrictive US export rules. The RTX Pro 6000D was tailored for China to comply with some export rules, but now the regulator says even that chip is off-limits. After the news, Nvidia shares dropped in premarket trading (around 1.5%), reflecting investors’ concerns about reduced demand in one of the biggest markets. This isn’t the first time China has done something like this. For instance, in August, the country urged firms not to use Nvidia’s H20 chip due to potential security issues and the need to comply with international export control regulations. Meanwhile, Alibaba and Baidu have begun using domestically produced AI chips more heavily, which shows that China is seriously investing in building its own chip-making capacity. Additionally, a few days ago, Chinese regulators opened an antitrust review into Nvidia’s Mellanox acquisition, suggesting the company may have broken some of the promises it made to get the 2020 deal passed. From AI to blockchain and the possible effects of China’s ban The banning of Nvidia chips represents a rather notable escalation in the technological rivalry between the United States and China. Beyond tariffs or export bans, China is now proactively telling its firms to avoid even “compliant” US chips and instead shift…

The post Turkmenistan Passes Law to Regulate Crypto Market: Report appeared on BitcoinEthereumNews.com. Key Notes Turkmenistan has taken a step towards regulating the crypto ecosystem in its region. President Serdar Berdymukhamedov signed a law that will come into force on January 1. In the Central Asia region, Kyrgyzstan recently launched a national stablecoin in partnership with Binance. The Central Asia nation, Turkmenistan, has passed a law that legalizes and regulates digital assets. In a November 28 report, it was stated that the country will now begin to issue licences to cryptocurrency exchanges and crypto mining companies. The law, which was signed by President Serdar Berdymukhamedov, will come into force on January 1. Turkmenistan Crypto Legislation Goes Live on Jan. 1 The Neutral Turkmenistan newspaper reported that Turkmenistan’s President, Serdar Berdymukhamedov, has signed a new law that regulates crypto activities. According to a spokesperson, this new law will regulate several crypto-related activities. This includes the creation, storage, placement, use, and circulation of virtual assets in the country. It also defines the assets’ legal and economic status. This comes as the country intensifies efforts towards diversifying its economy beyond exports of natural gas, which it is well known for. The authorities in this region are hopeful that it will “help attract investment and stimulate digitalization.” Turkmenistan’s new legislation puts a structure to the organizational basis for activities involving virtual assets in the country. The document provides clarity on its crypto jurisdiction. In other words, its provisions do not extend to securities, currency, electronic money, bank deposits, or gambling activities. It also introduced official definitions for key terms such as blockchain, digital and Non-fungible Tokens (NFTs), mining, mining equipment, smart contracts, and virtual asset service providers. The signed law is scheduled to become effective on January 1, 2026 kickstarting the new year on a fresh start. Kyrgyzstan Takes a Bold Step on Crypto Apart from Turkmenistan,…