Cronos (CRO) Flatlines Despite Altcoin Season, Analyst Explains Why

The post Forward Industries Files $4 Billion Equity Program, Targets Solana Treasury Expansion appeared on BitcoinEthereumNews.com. Forward Industries has filed a $4 billion at-the-market equity program with the SEC, with proceeds earmarked for general corporate purposes, including expanding its solana treasury strategy and acquiring income-generating assets. Solana Treasury Leader Forward Industries Launches At-The-Market Share Offering Forward Industries, Inc. (Nasdaq: FORD), has filed a $4 billion at-the-market (ATM) equity program with the […] Source: https://news.bitcoin.com/forward-industries-files-4-billion-equity-program-targets-solana-treasury-expansion/

The post Philippines Bets on Sui’s Move Language as Education System Struggles With Basics appeared on BitcoinEthereumNews.com. A new blockchain builder program in the Philippines is helping train young developers in a remote province to write blockchain code and ship projects on-chain. Students from Puerto Princesa, the capital city of Palawan, a long, sparsely populated island province isolated to west of the Philippines, spent weeks learning something entirely new to them: Move, an open-source smart contract language originally developed from Meta’s Diem project, now adapted by its former developers who went on to build Sui and Aptos. Dubbed the Sui Builder Program, the initiative offers a skills-based and results-oriented path that stands in contrast to economies of escape many young Filipinos have turned to as systemic disparities widen and formal opportunities narrow. “What this opportunity has brought us changed our mindset [that] we should be thinking more, dreaming big,”  Nicholo dela Rosa, a third-year computer science student at Palawan State University, said onstage Friday at YGG Play Summit, the largest player-focused Web3 gaming event held annually in Manila. His team, The Scouts, won a hackathon as part of the program to create Campfire, an on-chain app that digitizes certificates and community assets while letting users earn badges for event participation. His co-developer, JK Rabanal, described it as a “gamified Luma on Sui,” referring to an app popular among crypto industry events. Asked why Move makes a good starting point for new developers in places far from major tech hubs, James Wing, who leads AAA gaming partnerships at Mysten Labs, developers of the Sui blockchain, told Decrypt the programming language “allows for object oriented models” that are a “more natural architecture to learn and build on for real world use cases.” The initiative was supported by the Philippine government’s national agency for information and communications technology through its regional office for Palawan. It opened training hubs and provided…

The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…