MicroStrategy Pauses Bitcoin Purchases Amid Stock Price Slump

The post Belgium shows interest in Kazakhstan’s digital transformation appeared on BitcoinEthereumNews.com. Homepage > News > Business > Belgium shows interest in Kazakhstan’s digital transformation Belgium is interested in assisting Kazakhstan with its digital transformation goals, targeting political, economic, and parliamentary collaborations. According to a report, Kazakhstan’s ambassador to Belgium, Roman Vassilenko, sat with Birgit Stevens, director general for Bilateral Relations at the Belgian Federal Public Service for Foreign Affairs, Foreign Trade and Development Cooperation, to share ideas. Both parties disclosed that the meeting will serve as the foundation of future bilateral relations between the two countries. Vassilenko shared Kazakhstan’s blueprint for digitization with his Belgian counterpart, highlighting the Central Asian country’s artificial intelligence (AI) roadmap. He referred to the key provisions of Kazakhstan President Kassym-Jomart Tokayev’s annual State of the Nation Address as proof of the leap to digitization. Vassilenko highlighted the establishment of a dedicated Ministry for AI and plans to launch CryptoCity, a pilot zone for digital assets. He noted that the end goal of Kazakhstan’s digital transformation is to become the regional leader for emerging technologies in Central Asia and compete on the global stage. Stevens disclosed that Belgium is interested in Kazakhstan’s goals, hinting at a collaboration between both countries. Stevens added that Belgium will keep communication lines open with Kazakhstan for knowledge sharing and technical support associated with emerging technologies. The Belgian diplomat noted that the European nation will back the expansion of processing critical and rare earth materials outside of emerging technologies. Stevens hinted at incoming support in the form of satellite monitoring to assess natural potential, with both sides alluding to Belgium’s experience in the space sector. Kazakhstan’s plans for water resource management and developing the Middle Corridor for improved cross-border transport across Central Asia piqued Stevens’s interest. Bilateral trade between Belgium and Kazakhstan reached $299 million and is on course to surpass the…

The post USD/CHF clings to gains near 0.8100 amid firmer USD, risk-on sentiment appeared on BitcoinEthereumNews.com. The USD/CHF pair attracts some dip-buying during the Asian session on Tuesday and currently trades just below the 0.8100 mark, or a nearly three-week high touched the previous day. The mixed fundamental backdrop, however, warrants some caution before positioning for an extension of a nearly two-week-old uptrend from the 0.7880-0.7875 region. The recent data showed that Switzerland’s export-oriented economy contracted in the third quarter for the first time in over two years and overshadowed the optimism over the US-Swiss trade deal. Apart from this, a generally positive tone around the equity markets contributes to the safe-haven Swiss Franc’s (CHF) relative underperformance and turns out to be a key factor acting as a tailwind for the USD/CHF pair. Meanwhile, the US Dollar (USD) sits near its highest level since late May, touched last week, and offers additional support to spot prices. However, mixed signals from US Federal Reserve (Fed) officials lifted market expectations for another rate cut in December, capping the upside for the USD. Furthermore, expectations that the Swiss National Bank (SNB) will keep its policy rate at 0% in December might cap the USD/CHF pair. Traders also seem reluctant and opt to wait for important US macro data for some meaningful impetus. Tuesday’s US economic docket features the delayed US Producer Price Index (PPI) and Retail Sales, along with Pending Home Sales and Richmond Manufacturing Index, later this Tuesday. This could influence the USD price dynamics and produce short-term trading opportunities around the USD/CHF pair. Economic Indicator Producer Price Index (YoY) The Producer Price Index released by the Bureau of Labor statistics, Department of Labor measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Changes in the PPI are widely followed as an indicator of commodity inflation.…

The post WEEX Adds MON (Monad) Mainnet Support with Deposits Open and Withdrawals Start Nov 25 appeared on BitcoinEthereumNews.com. COINOTAG News reports that WEEX has officially added support for the Monad mainnet, marking a formal integration that broadens WEEX’s ecosystem and liquidity access for MON holders. Monad is a high-performance Layer 1 blockchain designed to address scalability bottlenecks plaguing existing networks, notably Ethereum, while delivering full EVM-compatible compatibility to ease smart contract migration and developer onboarding. WEEX launched the MON token across its network on November 24 at 23:00 (UTC+8), with deposits enabled from 21:00 (UTC+8) on the same day and withdrawals slated to begin at 23:00 (UTC+8) on November 25. The integration marks WEEX’s strategic expansion to broaden access to MON and to support ongoing cross-chain interoperability within the exchange’s ecosystem. Source: https://en.coinotag.com/breakingnews/weex-adds-mon-monad-mainnet-support-with-deposits-open-and-withdrawals-start-nov-25