Ethereum Layer 2 SOON Raises 22 Million in NFT Sale Before Launch

SOON, the Ethereum Layer 2 utilizing the Solana Virtual Machine, has successfully raised $22 million through an NFT sale in preparation for its mainnet launch. This project, which aims to enhance scalability across blockchains, has garnered support from notable figures in the Solana ecosystem and plans to allocate 51% of its SOON tokens to the community. Users from several countries, including the U.S. and China, are restricted from participating in the sale.

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Global Markets Rally as China Announces Fiscal Stimulus Measures

European stocks and US equity futures rose, following a 2% surge in Asian equities, after China announced plans for fiscal stimulus, including a potential 1 trillion yuan capital injection into state banks. This move is expected to boost global risk appetite and support European industries reliant on Chinese consumer spending. Meanwhile, S&P 500 futures increased as traders awaited comments from Federal Reserve Chair Jerome Powell, with expectations of further rate cuts if inflation continues to decline.

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Vaishali Parekh recommends three stocks to buy on September 26

The NSE Nifty 50 reached a record high of 26,004.15, buoyed by a strong trend following a significant interest rate cut by the US Federal Reserve. Vaishali Parekh from Prabhudas Lilladher highlighted a bullish outlook, with targets of 26,400 for Nifty and 55,100 for Bank Nifty. Despite gains in major indices, small and mid-cap stocks faced declines due to a lack of local triggers.

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Nvidia’s Sales Forecast Impacts AI Stocks and Market Outlook

European stocks saw a slight increase, while US equity futures fluctuated as investors reacted to Nvidia’s disappointing sales forecast, which has raised concerns about the AI sector’s momentum. Despite a revenue surge to $30 billion in the fiscal second quarter, Nvidia’s stock fell over 8% in after-hours trading. Attention now shifts to upcoming economic data, including the Federal Reserve’s preferred inflation gauge, which could influence interest rate decisions amid ongoing discussions about potential cuts.

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Bitcoin price rally stalls as traders remain cautious amid market uncertainties

Bitcoin’s recent rally has stalled under $64K, with traders adopting neutral positions amid skepticism about its sustainability. Despite a 6.2% price increase on August 23, the BTC futures premium remains stagnant at 6%, indicating caution among professional traders. Geopolitical tensions and upcoming corporate earnings reports contribute to a cautious market sentiment, as investors await the Federal Reserve’s interest rate decision.

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Mixed Stock Market Performance as Nvidia Earnings Approach

US stocks exhibited mixed performance as the Dow Jones Industrial Average rose over 200 points to a new intraday record, while the Nasdaq Composite fell 1% amid concerns over Nvidia’s upcoming earnings report. Investors are anticipating interest rate cuts, with a focus on Nvidia’s results, which could impact the AI sector and overall market sentiment. Oil prices surged nearly 3% due to production shutdowns in Libya and escalating tensions in the Mideast.

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US Stock Market Mixed as Dow Hits Record High and Nvidia Declines

U.S. stocks traded mixed as the Dow Jones Industrial Average surged over 200 points to a new intraday record, while the S&P 500 inched closer to its all-time high, just under 1% away. The tech-heavy Nasdaq fell over 1%, led by a decline in Nvidia shares ahead of its earnings report this week. Investors are also focused on potential interest rate cuts and upcoming economic data, including the PCE index and second quarter GDP.

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Stock Futures Rise as S&P 500 Nears Fourth Consecutive Record High

U.S. stock futures are on the rise, with the S&P 500 set to achieve its fourth consecutive record high, driven by positive corporate earnings and economic indicators. The possibility of a rate cut by the Fed has diminished due to signs of a robust U.S. economy, and attention is now on the upcoming purchasing-managers indexes. Meanwhile, oil prices are seeing upward movement amid geopolitical tensions and increased crude output in the U.S. and Libya.

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Malaysia Stock Market Gains, Global Earnings Impact, Monetary Policy Decision

The Malaysia stock market rose slightly, with the KLCI finishing higher on Tuesday. The global market forecast is uncertain due to varied quarterly earnings. Wall Street saw mixed trading, with the Dow falling and the S&P 500 reaching a new record. Crude oil futures eased amid global demand uncertainty, and Malaysia is expected to maintain its benchmark lending rate at 3.00 percent.

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