Financial giants such as CoinShares, WisdomTree, and ETC Group are looking to list on the London Stock Exchange (LSE) as the UK intends to relax the listing requirements for crypto ETP products. The UK's FCA deregulation marks a clear shift, but there has also been criticism in the industry as it still prohibits retail investors from accessing the London Stock Exchange's crypto ETP offerings. Bradley Duke, chief strategist at ETC Group, Europe's largest cryptocurrency fund, stressed his readiness to launch products on the exchange, but he also said he hopes to lift the ban on retail investors in the near future. （FT） Previously, the London Stock Exchange confirmed that it will accept applications for Bitcoin (BTC) and Ethereum (ETH) ETN in the second quarter of this year, please refer to the crypto ETN fact sheet on the exchange's website for details, and the specific launch date will also be confirmed in due course.

As reported by Webmaster's House on October 17, experts raised concerns about the hallucination phenomenon of AI programs such as ChatGPT on popular platforms. AI hallucinations are phenomena in which information appears to be correct, but is actually inaccurate. Platforms such as ChatGPT provide inaccurate information. For example, Duke University Library pointed to the problem of false citations, Forbes published a news story that ChatGPT fooled scientists with fake summarizations, and Fortune magazine cited a study showing that ChatGPT's accuracy in answering math questions dropped from 98% to just 2%. To the question of whether ChatGPT is fabricating information, misinterpreting data, or relying on misinformation, ChatGPT responds that its response is generated based on the patterns it trained on and entered as of the last update in September 2021. However, AI models may produce incorrect or inaccurate information if the input data or query is flawed, but this is not the same as hallucinations in the traditional sense.

According to GenAI New World, AI tool provider Pryon recently received US$100 million in Series B financing. The financing was led by U.S. Innovation Technology Fund, with participation from Aperture Venture Capital, BootstrapLabs, Breyer Capital, Duke Capital Partners, Good Growth Capital, Omimed Capital and Revolutions Rise of REST Seeds Fund. It is reported that this financing will help Pryon expand its business to the international market, and will help them expand the size of their team and accelerate platform growth. It is reported that Pryon was founded in 2017 and is an AI tool provider. Pryon uses AI to coordinate information across channels through context awareness, natural language and other technologies, allowing users to interact with voice-based agents. Pryon trains and deploys its own proprietary models, selected based on what is needed to avoid hallucinations and based on concrete knowledge.

PANews reported on October 5 that according to TechCrunch, 12 jurors for the SBF trial have been confirmed, and there are 6 alternate jurors. Over the next six weeks, they will decide whether SBF is guilty. The 12 jurors include 9 women and 3 men, ranging in age from 33 to 69 years old. Their backgrounds are as follows: 1. A 39-year-old female physician assistant, 10 weeks pregnant, with a medical background, and her husband is a web developer. 2. A 33-year-old female nurse who lives alone in Westchester, New York. 3. 40-year-old female social worker, currently unemployed. 4. 53-year-old female, Duke University graduate, divorced, working full-time at home, mother of two children, previously managed fundraising activities at a non-profit organization. 5. A 59-year-old male, married, with 3 children, one of whom works in a bank. 6. A 50-year-old female Metro North conductor and mother of five children, three of whom live at home and two of whom are in college. 7. A 47-year-old female high school librarian, single, lives with her cat, sister, and sick mother. 8. 65-year-old female retired prison guard and mother of three children. 9. A 61-year-old male employee of the United States Postal Service with no wife or children. 10. A 43-year-old Ukrainian woman who works in IT at Bloomberg. She has been in the United States for 15 years. She is divorced and has two children. 11. A 55-year-old female special education teacher, originally from Bank of Bermuda. She studied as an undergraduate at the University of Waterloo and received master's degrees from New York University and Seton Hall University. 12. A 69-year-old male, a retired investment banker from Hong Kong, who studied at Rice University and Stanford University, has a wife and no children, and was diagnosed with non-Hodgkin lymphoma.

[ The inversion of the U.S. bond yield curve seriously affects the economy👀 ] 📝Definition of yield inversion: short-dated bond yield > long-dated bond yield In 1986, Duke University economist Campbell Harvey proposed that the U.S. debt yield curve can be used to predict real economic growth; from the past history, once the yield rate inversion occurs, it is often accompanied by the advent of economic recession There are three reasons for the inversion this time: 📍Excess demand in job market It is rare in history that there will be excess demand in the job market after the epidemic. In such an environment, people can quickly find jobs, helping the economy to better absorb slowdown or negative growth. In addition, the layoffs in the technology industry at the end of last year, such as Meta, Twitter, etc., basically the engineers who were laid off generally had good technical skills, so the unemployment time was also very short, which is similar to being fired by Lehman Brothers during the 2008 global financial crisis employees, have nowhere to go for a while, the two are very different 📍The financial status of consumers and the financial industry are better The financial situation of American consumers is healthier than in the past. Even if house prices have fallen recently, contagion is unlikely because consumer balance sheets are in much better shape than in the past. In addition, the 2008 financial crisis started in the financial and banking sectors and spread rapidly, making the economic recession spread rapidly, but this time the financial and banking industries are relatively healthy and are unlikely to exacerbate the economic recession 📍Inflation expectations and yield curve will affect market behavior If the bond yield curve is adjusted by inflation expectations, the short-term inflation expectations are high and the long-term inflation expectations are stable, which will depress economic growth, but a recession may not necessarily occur, especially in recent years when the media spreads that the yield curve is inverted This makes businesses less likely to spend heavily on capital spending and consumers more cautious, behaviors that make recessions less likely Judging from the above three points, the serious inversion of the long-term and short-term interest rate difference this time is mainly due to the fact that the long-term interest rate is suppressed by inflation expectations, rather than just reflecting the expectation of economic recession. At the same time, core inflation has not yet slowed down rapidly, making it difficult to quickly Shift to rate cuts After the announcement of the latest PCE prices in May, according to the Multivariate Core Trend (MCT) model released by the Federal Reserve Bank of New York, the annual increase of MCT in May slowed down slightly to 3.52% (previously 3.54%), and the growth rate of new lease prices will slow down in the future , employment supply and demand continue to ease, the future will further see the core inflation broad and trend decline Therefore, it should be difficult for the Federal Reserve to sharply raise the end point of raising interest rates again. The severe yield rate inversion and the high-yield U.S. debt are expected to be eased with the suspension of interest rate hikes in the future. Hope this helps you If you like ✅Follow 👍Press up #世界currency##币圈 #常经##interest##新闻

Odaily Planet Daily News According to American Banker, Bank of New York Mellon (BNY Mellon) has encountered regulatory obstacles in its entry into the digital asset custody business. Specifically, US SEC Employee Accounting Bulletin No. 121 (SAB121) requires digital asset custodians to record relevant digital assets on their balance sheets. The regulatory requirement poses a potential hurdle for banks seeking to expand their digital asset custody business, especially those that specialize in fiduciary services such as BNY Mellon. BNY Mellon will start digital asset custody business in October 2022. However, the regulatory hurdles involved in SAB121 were not discovered until after the bank had made significant progress in establishing a crypto custody business. BNY Mellon treats digital assets similarly to more traditional assets, which are not included in its balance sheet. In an application filed with the New York State Department of Financial Services, the bank said it intends to support its digital asset custody product by complying with U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS), under which the custodian holds Digital assets are not reported on the balance sheet, only the associated fiat currency balances need to be reported. However, the U.S. SEC’s stance on the matter is already taking its toll on the banking industry and could deter other banks looking to expand into crypto custody, including JPMorgan and Goldman Sachs. Lee Reiners, a lecturer at Duke University School of Law and the Center for Financial Economics, said the more important impact on banks will be leverage, as they need to hold capital in digital assets, which could influence their decision to offer cryptocurrency custody services. At the heart of the debate is whether cryptoassets are fundamentally similar to traditional assets. John Sedunov, an associate professor of finance at the Villanova University School of Business, said that encrypted assets have higher technical and operational risks than traditional assets. For example, stolen or hacked cryptocurrencies can be irretrievably lost, unlike most traditional assets in custody. (Crypto Slate) In October last year, it was reported that the Bank of New York Mellon (BNY Mellon) was approved by the New York financial regulator to receive Bitcoin and Ethereum from selected customers. BNY Mellon said it is the first of eight systemically important U.S. banks to store cryptocurrencies and allow clients to use the same custody platform for their traditional and encrypted assets. The bank expects to offer crypto custody services to more clients in the future, subject to regulatory approval.