Billionaire Grant Cardone buys in large quantities every time Bitcoin crashes
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Billionaire Grant Cardone has stated that he buys hundreds of bitcoins every time the price of Bitcoin crashes, and predicts that Bitcoin will rise to $1 million within three years. (The Bitcoin Historian)
[U.S. Q3 Real GDP Annualized QoQ Preliminary Value 4.3%]
The U.S. Q3 real GDP annualized quarter-on-quarter preliminary value is 4.3%, expected 3.3%, previous value 3.8%.
[U.S. Q3 Core PCE Price Index Preliminary Data Meets Expectations]
The annualized quarterly rate of the U.S. Q3 Core PCE Price Index preliminary data is 2.9%, in line with expectations, with the previous value at 2.6%.
[Amplify ETFs Launches Two Stablecoin and Tokenization Technology ETFs]
Asset management company Amplify ETFs has announced the launch of two ETFs tracking stablecoins and tokenized assets, both with an expense ratio of 69 basis points. STBQ focuses on stablecoin technology, while TKNQ focuses on tokenization technology, tracking specific MarketVector indices.
[Spot Silver Breaks $70 to Hit a New All-Time High, Up 1.7% Intraday]
The price of spot silver has broken the $70/ounce mark, with an intraday increase of 1.7%, setting a new all-time high.
**[South Korean Payment Giant BC Card Completes Stablecoin Payment Pilot Project]**
South Korean payment giant BC Card has announced the completion of a stablecoin payment pilot project aimed at foreign users. The project allows foreign users to pay local merchants in South Korea using stablecoins. The pilot was conducted in collaboration with blockchain company Wavebridge, wallet provider Aaron Group, and cross-border remittance service provider Global Money Express. Users can exchange stablecoins from overseas wallets into digital prepaid cards for payments. BC Card stated that this project is designed to prepare for the future implementation of a stablecoin payment structure in response to the evolution of South Korea's stablecoin regulations. BC Card is one of South Korea's largest payment companies, processing over 20% of domestic card transactions and serving 3.4 million local merchants.