MicroStrategy Touches New Highs as Trading Volume Relative to Nvidia Surges

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MicroStrategy is up over 240% year-to-date with the NAV premium approaching 3.

Bitcoin (BTC)-holder MicroStrategy’s (MSTR) soaring stock is driving up trading volumes relative to AI-proxy Nvidia (NVDA), one of the biggest companies by market cap, reflecting heightened investor enthusiasm.

MSTR has surged over 240% this year, with prices doubling to $236 in the past five weeks alone, according to data source TradingView. That’s the highest level for the stock since the dotcom bubble 25 years ago. The rally has MSTR closing in on a market cap of $50 billion, barely 1.5% of NVDA’s $3.44 trillion.

However, MSTR’s trading volume, as a percentage against NVDA, has continued to climb this year, reaching a high of 17.65% this month. According to Investing.com data, this milestone occurred on Oct. 11, as MicroStrategy saw 30 million trading volume, while NVIDIA had 170 million.

That’s a significant improvement since the bull market of 2021. Back then, MSTR peaked over $130 on Feb. 9 with a volume of 23.2 million, equating to just 8% of NVDA that day.

An increase in trading volumes alongside a price rally may confirm the stock’s uptrend. That said, a continued surge in volume relative to NVDA might be telling of a build up of a speculative froth in the market.

MicroStrategy outperforms Nvidia

With a year-to-date gain of over 240%, MSTR has outperformed NVDA’s 192% surge by a big margin. Since MSTR adopted bitcoin as a treasury asset in August 2020, the gap has grown even bigger, with MSTR up 1,800% versus NVDA’s 1,150%, that’s probably the best evidence of MicroStrategy and its CEO Michael Saylor’s success.

MicroStrategy’s net asset value (NAV), which is is calculated by dividing MSTR’s market capitalization by the value of its bitcoin stack, continues to expand once again, with bitcoin still trending in the mid $60,000 range. According to the MSTR tracker, the NAV premium currently sits at almost 3, the highest level since early 2021.

Prudential được xướng tên tại giải thưởng HR Excellence Awards 2024 Singapore nhờ vào chiến lược phát triển nhân sự toàn diện

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Tháng 10 vừa qua, Prudential Việt Nam đã xuất sắc giành Giải thưởng HR Excellence Award 2024 tại Singapore trong hạng mục Learning and Development (tạm dịch: Đào Tạo và Phát Triển). Đây là minh chứng hữu hình cho chiến lược nhân sự toàn diện và khẳng định vị thế doanh nghiệp kiểu mẫu của Prudential trong ngành bảo hiểm, đặc biệt là lĩnh vực đào tạo và phát triển đội ngũ.

Giải thưởng HR Excellence Awards Singapore là nơi tôn vinh những thành tựu xuất sắc trong chiến lược quản lý nhân sự của các doanh nghiệp hoạt động tại khu vực Châu Á, Trung Đông và Châu Đại Dương tranh giải tại Singapore – một thị trường với tiêu chuẩn đánh giá cao và danh giá trong khu vực. Với hội đồng giám khảo uy tín, giải thưởng ghi nhận các chiến lược đột phá và sáng kiến có tác động lớn đến sự gắn kết nhân viên và thành công doanh nghiệp.

Tại đêm trao giải năm nay, Prudential đã xuất xắc được xướng tên trong hạng mục Learning and Development nhờ chiến lược kinh doanh lấy con người làm trọng tâm, được hiện thực hóa thông qua chiến lược phát triển và đào tạo toàn diện. Từ đó, công ty hướng đến xây dựng một tổ chức linh hoạt, thúc đẩy văn hóa học tập không ngừng, nâng cao tinh thần sẵn sàng đổi mới và trang bị kỹ càng cho đội ngũ trước những thay đổi của tương lai. Các sáng kiến đào tạo và phát triển được thiết kế đa dạng hóa trải nghiệm học tập nhằm giúp nhân viên dễ dàng ứng dụng kiến thức vào công việc thực tế. Đó là là yếu tố then chốt giúp Prudential đạt được thành công tại giải thưởng và củng cố vị thế doanh nghiệp kiểu mẫu như “cái nôi” đào tạo của ngành bảo hiểm.

Cụ thể, Prudential đã xây dựng một lộ trình phát triển năng lực nhân sự dài hạn và chặt chẽ từ năm 2024 đến 2026 với các mục tiêu rõ ràng cho từng giai đoạn. Lộ trình ba năm được xây dựng kỹ lưỡng, xoay quanh các trụ cột chính: văn hóa học tập không ngừng, nâng cao năng lực tổ chức và phát triển sự nghiệp nội bộ

Nhờ chiến lược phát triển và đào tạo có trọng tâm, Prudential đã ghi nhận nhiều kết quả tích cực, với số lượng đơn ứng tuyển vào công ty tăng 16% so với năm 2022, trong đó chương trình tuyển dụng Quản trị viên tập sự hằng năm tăng 166% so với năm 2023. Đáng chú ý, tỷ lệ nghỉ việc trước 12 tháng giảm 3,5% và chỉ số hài lòng của nhân viên (eNPS – Employee Net Promoter Score) đạt 68 điểm, nằm trong top 25%, cho thấy nhân viên Prudential (PruCitizen) cảm thấy tự hào và sẵn sàng giới thiệu nơi làm việc của mình.

Bà Bùi Thị Thanh Thúy – Phó Tổng giám đốc Nhân sự Prudential Việt Nam chia sẻ về chiến thắng tại giải thưởng HR Excellence Award 2024 Singapore: ”Chúng tôi vinh dự nhận được giải thưởng Excellence in Learning & Development tại HR Excellence Award 2024 Singapore, khẳng định mạnh mẽ cho cam kết “Con người là tài sản quý giá nhất của chúng tôi”. Đầu tư vào con người chính là đầu tư cho sự bền vững và sự phát triển của mỗi nhân viên chính là nền tảng cho thành công của Prudential. Trong hành trình 25 năm phát triển bền vững, chúng tôi không chỉ xây dựng sự nghiệp mà còn tạo dựng một môi trường làm việc hướng đến tương lai với chiến lược phát triển toàn diện và chặt chẽ cho PruCitizens. Mỗi nhân viên là một viên ngọc quý, và các chương trình đào tạo của chúng tôi chính là cách để mài giũa, giúp họ ngày càng tỏa sáng hơn.”

(Ở giữa) Bà Bùi Thị Thanh Thúy – Phó Tổng giám đốc Nhân sự Prudential Việt Nam nhận giải thưởng Excellence in Learning & Development tại HR Excellence Award 2024 ở Singapore.

Ngoài giải thưởng này, trong năm 2024, Prudential Việt Nam còn nhận được sự công nhận ở nhiều giải thưởng khác như:

  • Lập “hat-trick” tại giải Insurance Asia Award 2024 với tại ba hạng mục: Công ty Bảo hiểm Nhân thọ Quốc tế của năm, Sáng kiến Phát triển Bền vững của năm, Sáng kiến Chi trả Bồi thường Bảo hiểm của năm.
  • Được vinh danh trong Top 100 doanh nghiệp bền vững tại Chương trình CSI 2023 do Liên đoàn Thương mại và Công nghiệp Việt Nam (VCCI) tổ chức.
  • Được trao tặng danh hiệu Doanh nghiệp Xuất sắc và Bền vững tại Châu Á từ The Asia Corporate Excellence & Sustainability Awards (ACES).
  • Được công nhận là Nơi làm việc xuất sắc 2024 từ tổ chức Great Place to Work.

Da Nang Sees 120% Increase in International Cruise Arrivals

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Da Nang welcomed nearly 33,000 international cruise tourists in the first nine months of 2024, marking a significant rise of 14,500 visitors compared to all of 2023. By the end of the year, the city is projected to reach 40,000 cruise arrivals—an impressive 120% increase over last year.

The growth has been driven by rising interest from European, American, Chinese, and Australian markets. Da Nang’s Department of Tourism has enhanced cruise tourism promotion efforts, provided detailed visitor information, and strengthened partnerships with cruise lines to boost tourist support and engagement.

The department is also focusing on attracting high-spending tourists, aiming to boost revenue for local businesses and enhance Da Nang’s competitive appeal. By year-end, Da Nang aims to reach 10.3 million total visitor stays, with 4.2 million of these expected from international guests—a 210% increase from last year. For 2025, the city anticipates 10.5 million total visitors, including 4.3 million international arrivals.

Vietnam’s Aviation Sector Prepares for Typhoon Trami

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The Civil Aviation Authority of Vietnam has directed all relevant departments and units within the aviation industry to proactively respond to the approaching Typhoon Trami. The agency has called for 24/7 monitoring in line with disaster response regulations, ensuring full preparedness in dealing with the storm and tropical depressions affecting civil aviation operations.

Air Traffic Management units are instructed to enhance the quality of meteorological services, continuously track weather conditions, and promptly update forecasts and warnings for users. Airports, airlines, and air service providers are also required to coordinate closely, adjust flight schedules, or modify plans based on the storm’s trajectory to ensure flight safety.

Typhoon Trami, currently at Category 9 with gusts reaching Category 11, is expected to enter the East Sea by the evening of October 24 and could intensify further. Forecasts predict it will reach Category 11-12 with gusts up to Category 15 by October 27, bringing wind speeds as high as 180 km/h.

The designated danger zone in the next 24 hours spans from latitude 14 to 19.5 degrees North and east of longitude 116.5 degrees East. Additionally, strong winds and rough seas are expected in the western North East Sea, including the Hoang Sa (Paracel) Archipelago, with wind speeds reaching Category 6-7 and gusts up to Category 9. Coastal areas from Quang Tri to Khanh Hoa and parts of the southern East Sea will also experience rough seas and gusts.

 

Bitcoin Trader Warns of Correction as BTC Dominance Reaches 2021 Levels; Solana Leads Market Gains

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Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.

Solana’s SOL and ecosystem memecoins, such as popcat (POPCAT), led crypto market gains on Thursday, with bitcoin (BTC) and majors mostly flat. A bitcoin trader believes the rising dominance rate for suggests short-term bearishness.

BTC added under 1% in the past 24 hours, with majors ether (ETH), BNB Chain (BNB), xrp (XRP) and dogecoin (DOGE) showing mixed price action. The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, rose 0.43%.

Last week, a widely tracked bitcoin dominance indicator reached over 57% on CoinMarketCap, to its highest level since April 2021. Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment.

High dominance might indicate that bitcoin is leading the market, which can be seen when investors prefer the relative stability and established nature of bitcoin over the higher risk associated with altcoins.

Conversely, a decrease in bitcoin’s dominance might suggest that investors are moving their capital into altcoins, potentially signaling the start of an “altcoin season.”

“Ethereum continues to lose market share to bitcoin and other altcoins. As a result, BTC’s share of all cryptocurrency capitalization has risen to 57.3%, the highest since April 2021,” Alex Kuptsikevich, senior market analyst at FxPro told CoinDesk in an email. “But that doesn’t necessarily mean an upward trend for the top cryptocurrency, which has pulled back below $67K, losing 1% in the last day and nearly 4% from its peak on 21 October.

“The price is now close to a local support level at $66.8K. A break of this support will open the way for a deeper correction to $65.5K, near the 61.8% retracement level from the last rally and the late September top,” Kuptsikevich warned.

SOL leads market

SOL jumped 5% to $173 in the past 24 hours, extending weekly gains to 14% as it reached price levels last seen in early August. SOL set a record high against ether, as reported, while, network-based memecoins POPCAT, BONK and GOAT rose as much as 70% amid a bump in network volumes and trading activity.

The Solana ecosystem is a flourishing hotbed for trading activity for its engaged community and prevalence of small-cap trading – where frenzied memecoins trend often last a few weeks that boosts SOL prices.

Artificial intelligence-themed memecoins are the current flavor of the week, where projects claiming to have AI tools are driving trading narratives on the network. That pushed revenues and token issuances on the Solana token deployer Pump to record highs earlier this week.

Active addresses grew to 85,000, of which 37,000 were new wallets, indicative of strong demand. A Pump-connected fee account sold over $6 million worth of SOL late Monday, taking its lifetime sales to over $78 million or 500,000 SOL.

Over 40,000 new tokens were created on Solana in the past 24 hours, SolanaFloor data shows.

Institution Takes $25M Hedge Bet on Derive’s Bitcoin Options Market as U.S. Election Looms

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The strategy will profit most if BTC rises to $80,000 by the end of November.

As the U.S. election nears, increased betting and hedging tied to the political event, is powering notable increases in trading volumes in the crypto market. The election will have far-reaching consequences for the crypto regulatory space in the world’s largest economy.

Early this week, the decentralized derivatives exchange Derive saw an institution take a multi-legged bitcoin (BTC) options strategy, betting on a continued move higher in BTC after the Nov. 5 election. The trade generated a notional trading volume of $25 million, the largest ever onchain options transaction bet tied to the U.S. election, Derive told CoinDesk in an email.

The institution acquired 100 call option contracts with a $70,000 strike price set to expire on Nov. 29 while simultaneously writing or selling 200 contracts of the $80,000 call and 100 contracts of the $50,000 put, both expiring on Nov. 29. The institution deposited eBTC, restaked bitcoin created via EtherFi, as collateral, ensuring it earns passive yields on the same.

The strategy, which looks like a ratio call spread funded by a short put position, will profit most if bitcoin rallies to $80,000 by Nov. 29. The positioning is consistent with options flows on centralized exchanges, which indicate expectations for a post-election rally to $80,000 and higher.

“This $25 million options trade marks a watershed moment for onchain options trading, and it’s one that could have significant implications post-election. The institution has strategically positioned a unique structure with sold puts, bought calls, and eBTC collateral, potentially standing to make $1,020,000 on the structure if BTC hits $80,000 by November 29 – excluding any gains from the eBTC collateral,” Nick Forster, co-founder of Derive told CoinDesk in an email.

“The trade is a prime example of how onchain options offer scalable, non-correlated yield for any onchain asset,” Forster added.

Derive is the largest onchain options platform, accounting for 32% of the total DEX options volume of $339 million in the past 24 hours, according to DeFiLlama. The onchain market, however, is still relatively small compared to Deribit and other centralized platforms, which boast a cumulative 24-hour volume of several billion dollars.

2,300 Cruise Passengers Arrive in Nha Trang

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Khanh Hoa welcomed its first cruise ship visitors after Nha Trang Port temporarily closed. The ship carried 2,300 passengers from various countries to explore the coastal city for a day.

Coral Princess cruise ship docked at Cam Ranh International Port on the morning of October 23. Photo: Nha Trang Tourism Information Center.

On the morning of October 23, the Coral Princess cruise ship (registered in Bermuda) docked at Cam Ranh International Port, bringing 2,300 passengers from different countries to visit Nha Trang between 7 AM and 5 PM.

This was the first cruise ship to bring international tourists to Khanh Hoa Province after Nha Trang Port discontinued operations for repairs on September 20.

Nguyen Thi Le Thanh, Director of the Khanh Hoa Department of Tourism, along with representatives from Tan Hong Company, welcomed the ship at the port, presented flowers to the crew, and greeted the first passengers as they disembarked, taking commemorative photos.

According to the Nha Trang Tourism Promotion Center, after docking at Cam Ranh International Port, the tourists will be taken on city tours organized by Tan Hong Company, which offers a variety of itineraries around Nha Trang for visitors to choose from. These include stops at iconic locations such as Tran Phu Bridge, Ponagar Tower, Hon Chong, Dam Market, Long Son Pagoda, Stone Church, Truong Son Craft Village, and 2/4 Square.

After leaving Cam Ranh port, the group will be transferred to Nha Trang city to visit the attractions according to the schedule. Photo: Nha Trang Tourism Information Center.

Tourists will also have the option to explore several places by cyclo. Additionally, the company provides shuttle services from the port to a resort in Cam Ranh using 12-45 seat vehicles. Visitors can also explore other landmarks on their own via the Shuttle Bus service.

The ship was scheduled to depart in the afternoon, heading to Hong Kong (China).

Earlier, in early October, some agents and businesses providing services for cruise passengers had to cancel bookings and suspend luxury cruise arrivals due to Nha Trang Port being unfit for international ships, as it closed for repairs on September 20.

Khanh Hoa’s tourism leadership and various agencies held an emergency meeting to find suitable solutions to reconnect Nha Trang with international cruise visitors. Ana Marina Yacht Port was selected as a temporary replacement for Nha Trang Port during the maintenance period. However, this solution has not been implemented immediately due to some remaining legal procedures.

As of now, Khanh Hoa has welcomed 27 international cruise ships with 55,516 passengers coming ashore to explore. The Khanh Hoa Department of Tourism sees this as a positive sign for the recovery and growth of Vietnam’s cruise tourism, particularly in Khanh Hoa, contributing to the success of the province’s tourism sector.

@Znews

Resumption of Can Tho – Phu Quoc and Can Tho – Da Lat Flights

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After a long period of suspension, the Can Tho – Phu Quoc and Can Tho – Da Lat flight routes are now ready to resume service for passengers.

On October 23, the Southern Airports Authority in Can Tho announced that the Can Tho – Phu Quoc route will officially resume operations on October 28, 2024. This route will be operated by the national carrier, Vietnam Airlines, using ATR 72 aircraft, with a capacity of approximately 72 passengers.

The Can Tho – Phu Quoc route will operate five flights per week, on Mondays, Tuesdays, Wednesdays, Thursdays, and Saturdays. The Can Tho – Phu Quoc flight will depart at 10:40 AM, and the Phu Quoc – Can Tho return flight will depart at 12:15 PM.

Can Tho – Phu Quoc and Can Tho – Da Lat flights are ready to reopen to serve passengers.

Additionally, according to the Southern Airports Authority in Can Tho, the Can Tho – Da Lat route will reopen in November 2024, operated by Vietjet Air. There will be two flights per week, on Mondays, Wednesdays, and Fridays.

The first flight from Lien Khuong Airport (Da Lat City, Lam Dong) to Can Tho Airport is scheduled to depart at 11:30 AM on November 11, 2024. On the same day, the flight from Can Tho to Da Lat will depart at 2:15 PM.

Ms. Le Dinh Minh Thy, Director of Vietravel’s Can Tho branch, mentioned that Can Tho has recently maintained regular flights to Hanoi and Da Nang. The company has designed travel tours connecting the northern and central regions, along with visits to nearby provinces and cities. With the reopening of the Can Tho – Phu Quoc and Can Tho – Da Lat flights, travel companies will create additional tour products connecting these destinations, offering customers more exciting new travel options.

The reopening of the Can Tho – Phu Quoc and Can Tho – Da Lat flight routes at this time meets the needs of many customers for business and leisure travel during the year-end period. Mr. Tran Hai Dang (31 years old, acting in Ninh Kieu District, Can Tho City) shared, “Recently, my wife, our one-year-old child, and I traveled to Da Lat by bus, but it was quite inconvenient. When we arrived, our child was too tired to visit many attractions. Hearing that the Can Tho – Da Lat flight is resuming, we are very happy. Although we don’t yet know the ticket prices, we’re excited to have more travel options for our next vacation.”

@Thanhnien.vn

Launching a Tea-Tasting Tour in Da Nang

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After billionaire Bill Gates made a stop there, Ban Co Peak has become a popular attraction for both domestic and international tourists.

According to the Da Nang Department of Tourism, alongside new offerings such as the Danang food tour, water entertainment activities, and the International Lion Dance Festival, the city plans to introduce a tea-tasting tour at Ban Co Peak (Son Tra Peninsula, Son Tra District) in 2025. This is the location where Bill Gates visited and enjoyed tea in the late earlier afternoon in March this year.

Speaking to reporters, the Management Board of Son Tra Peninsula and Da Nang Tourist Beaches (the Board) shared that after the visit of American billionaire Bill Gates, Ban Co Peak gained even more popularity, drawing a large number of visitors both locally and internationally. Bill Gates’ tea-tasting experience has sparked curiosity and a desire to experience the same among tourists, which prompted the Board to propose a tea-tasting tour to the Department of Tourism.

Ban Co Peak on Son Tra Peninsula is crowded with tourists after billionaire Bill Gates came to enjoy tea. Photo: Thanh Hien.

The tea-tasting tour will be organized at Ban Co Peak, with specific time slots designed for an intimate tea experience with fewer people, ensuring it doesn’t affect other visitors. This tour is aimed at high-quality tourists who are passionate about unique experiences, cultural exploration, and tea ceremonies.

The Board has already outlined a plan and is awaiting feedback from the Department of Tourism and other governmental authorities to finalize the details. “Once complete, we will release the tour schedule, the number of guests allowed, costs, and other specifics,” a representative from the Board shared.

According to the Da Nang Department of Tourism, this will be one of the city’s breakthrough products for next year, targeting high-end tourists who are interested in cultural experiences, which aligns with the city’s tourism strategy.

Son Tra Peninsula is Da Nang’s green lung, and Ban Co Peak, standing 700 meters above sea level, is considered the roof of the city. From the peak, visitors can enjoy a panoramic view of Da Nang and the vast ocean. At the top, there is a statue of a celestial figure sitting in contemplation in front of a chessboard.

Standing from the top of Ban Co, you can see the whole city below. Photo: Thanh Hien.

In March this year, billionaire Bill Gates visited Da Nang. After choosing to stay at a hotel on the peninsula, he and his girlfriend traveled to Ban Co Peak to enjoy the scenery and sip tea from the afternoon until evening.

@Znews

Vietnam Becomes China’s Largest Banana Supplier

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According to Chinese Customs, Vietnam exported 460,000 tons of bananas to China in the first eight months of 2024, valued at nearly $190 million. The shift in market dominance is attributed to unfavorable weather conditions in the Philippines, which led to reduced banana yields and higher prices. Although Philippine bananas remain popular in China for their taste, supply shortages and rising costs have impacted their availability.

Data from Chinese Customs also revealed that China imported approximately 1.13 million tons of bananas, worth $592.1 million, in the first eight months of 2024. This represents a 7.9% decrease in volume and a 23% decline in value compared to the same period last year. The average price of bananas imported to China dropped by 16.3%, with the exception of bananas from Mexico, which saw price stability.

MakerDAO Contemplates Dropping Sky Brand as Community Debates

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SKY has significantly underperformed the CoinDesk 20 index, since the re-brand.

MakerDAO is contemplating dropping the Sky brand after a lukewarm reception to the re-brand and a successful launch of the USDS stablecoin.

The USDS stablecoin, launched in August, is designed to offer native token rewards and operate alongside the existing DAI synthetic stablecoin, which remains unchanged. On-chain data shows it has a supply of $1.2 billion and offers a savings rate of 6.5%, with a general agreement amongst community members that the launch was successful.

“It is also now more clear than ever just how much the DeFi community loves and trusts the Maker brand,” Sky co-founder Rune Christensen wrote on its governance forum. “There was a lot of affinity for the brand and what it stands for: stability, security, and DeFi scale. And there is a lot of commitment to holding the MKR token versus upgrading to SKY.”

Christensen wrote that three proposals are being considered to address community concerns: continue with Sky as the core brand to build on its recent momentum, recenter the Maker brand with its original identity and reinstate MKR as the sole governance token, or bring Maker back with a refreshed brand that aligns with the current ecosystem while maintaining its established trust and stability.

Several contributors have pointed out that the introduction of the SKY token, which replaced MKR as the core governance token under the Sky ecosystem, has not delivered the anticipated growth.

In the last two weeks, SKY is down 23% while the CoinDesk 20, an index fund that measures the performance of the largest digital assets, is up 10%. MKR, the governance token, is down 24% on-year according to CoinDesk data.

The controversial “freeze function,” introduced to ensure regulatory compliance, has also been criticized for its lack of clear utility and potential long-term risks.

With 13.79 million DAI and 9,535 MKR (approximately $25 million in total) spent on the rebrand, Christensen said MakerDAO will host a community call to gather feedback about the re-brand, then the platform will conduct a formal governance poll on November 4 to determine its next steps.

Bitcoin Is Going to $80K Regardless of Trump or Harris Win, Traders Say

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There are skewed expectations of a Republican win as better for bitcoin. However, some say the asset is poised to go higher either way as several macroeconomic factors weigh in.

Bitcoin (BTC) may cross previous highs in the coming weeks regardless of which candidate becomes the U.S. president, some traders say, in a shift of tone ahead of the November elections.

Traders have long perceived Republican Donald Trump’s victory as a bullish catalyst for the industry for his pro-crypto stance and promises to make the U.S. a bitcoin powerhouse. Democrat Kamala Harris, on the other hand, has not made similar promises but said he would introduce regulations to protect certain groups.

Such stances have skewed expectations of a Republican win as better for bitcoin. However, some say the asset is poised to go higher either way as several macroeconomic factors weigh in.

“Both Presidential candidates have adopted pro-crypto stances to appeal to voters, but it’s tough to say if any of their promises will come to pass,” Jeff Mei, chief operating officer at crypto exchange BTSE, told CoinDesk in a Telegram message. “However, It is clear that the market is responding positively to the upcoming change in administration and policies – whether it’s Harris or Trump, traders and investors think any sort of change will be good.”

“The fact that this coincides with the first Fed rate cuts in four years and a recent run-up in stock prices only adds to the thesis that Bitcoin could surpass its all-time high and reach $80,000,” Mei added.

Options traders are already increasing bets that bitcoin will touch fresh highs by the end of November, per Bloomberg. The implied volatility for bitcoin options due around election day is elevated.

The open interest for call options expiring on November 29 shows a significant concentration at the $80,000 strike price, followed by a notable interest at the $70,000 level. For call options with expiration on December 27, the open interest is primarily grouped around the $100,000 and $80,000 strike prices.

Options due to expire on November 8 have their highest open interest at the $75,000 strike price, indicating a key market focus area for that period.

However, some are terming the price behavior as an election hedge rather than a bullish outlook.

“I wouldn’t say that people buying 80K calls on BTC to be a bet on higher prices, but is more like a cheap option (implied vol really hasn’t gone up that much) against a broader market rally,” Augustine Fan, head of insights at SOFA, told CoinDesk in a Telegram message.

“BTC vol skews heavily in favor of higher prices post election, but that has been the case for quite a few weeks now as an election ‘hedge,” Fan added.

BTC is down 0.7% over the past 24 hours, CoinGecko data shows, outperforming a 1.6% drop in the broad-based CoinDesk 20 (CD20).

Vietnam and EU Strengthen Partnership, Push for Enhanced Cooperation in Key Areas

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Deputy Minister of Foreign Affairs Le Thi Thu Hang and Niclas Kvarnström, Director General for Asia and the Pacific at the European External Action Service (EEAS), co-chaired the fifth Vietnam-EU Joint Committee meeting in Hanoi on Tuesday.

During a meeting held under the framework of the EU-Vietnam Partnership and Cooperation Agreement (PCA), Hang emphasized the EU’s position as one of Vietnam’s most critical economic and development partners. She reaffirmed that Vietnam highly values its comprehensive partnership and cooperation with the EU, as well as its relations with individual EU member states.

Hang called on the EU to encourage the parliaments of certain member states to expedite the ratification of the EU-Vietnam Investment Protection Agreement (EVIPA). She also acknowledged Vietnam’s efforts in combating illegal, unreported, and unregulated (IUU) fishing, urging the EU to recognize these efforts and move toward lifting the yellow card warning on Vietnam’s seafood exports.

The EU side praised Vietnam’s growing significance in the region and at multilateral forums, affirming that Vietnam remains a priority partner for the EU in the Asia-Pacific. The EU expressed its desire to elevate the bilateral relationship, pledging continued support for Vietnam in implementing the Just Energy Transition Partnership (JETP). It also highlighted opportunities for enhanced cooperation in emerging fields such as clean technology, digital transformation, high technology (including semiconductors and artificial intelligence), raw materials, and innovation, within the framework of initiatives like the EU’s Global Gateway Initiative.

Both parties agreed to step up delegation exchanges, especially high-level visits, in celebration of the 35th anniversary of their diplomatic ties in 2025. They also committed to expanding cooperation in defense and security, agriculture, the environment, and other new areas of collaboration. Furthermore, both sides reaffirmed their commitment to resolve regulatory issues and fully implement the EU-Vietnam Free Trade Agreement (EVFTA).

On the East Sea issue, both parties expressed concern over recent developments. They emphasized the importance of maintaining peace, stability, security, and freedom of navigation and overflight in the region. Both sides called for all parties to adhere to international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS), and expressed support for the early conclusion of an effective and substantive Code of Conduct in the East Sea (COC).

Independence Palace Welcomes Over a Million Visitors Annually

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The Independence Palace historical site (also known as Reunification Hall) has become an essential stop for visitors to Ho Chi Minh City, attracting more than 1 million visitors each year.

The Independence Palace welcomes 1 million visitors each year. Photo: N.K.

This information was shared by Mr. Tran Huu Phuoc, Acting Director of Reunification Hall, during the tourism promotion forum titled “Converging Identity, Elevating Heritage,” held on October 19, according to baochinhphu.vn.

According to Mr. Phuoc, one of the most attractive tourist products is the exhibition “From Norodom Palace to Independence Palace 1868 – 1966.” Since it opened to the public in March 2018, this exhibition has welcomed nearly 350,000 visitors annually, offering them a unique experience.

In the future, Reunification Hall plans to digitize the exhibition space and artifacts, incorporating technology into displays and information dissemination. This will provide the public with new historical stories and immersive experiences, making the Independence Palace more accessible and appealing to younger generations.

In addition to Independence Palace, the Cultural and Scientific Activities Center of the Temple of Literature – Quoc Tu Giam has also successfully organized the “Night Tour at the Temple of Literature – Quoc Tu Giam,” highlighting the excellence of Vietnam’s traditions of learning, respect for teachers, and recognition of talent. A unique aspect of this tour is that visitors experience the Temple of Literature – Quoc Tu Giam through activities that utilize 3D Mapping technology.

According to Dr. Duong Duc Minh, Deputy Director of the Institute for Economic and Tourism Development Research, it is necessary to apply technology and creativity to tap into existing resources, restructure products for destinations, enhance heritage, and create added value for the tourism industry and the economy.

At the forum, Reunification Hall and the Cultural and Scientific Activities Center of the Temple of Literature – Quoc Tu Giam signed a memorandum of cooperation. This partnership aims to bring greater recognition to these two national heritage sites.

@SGtiepthi

Mang Den Tourism Area to Expand Over 90,000 Hectares

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By 2045, the Mang Den tourism area in Kon Tum will cover more than 90,000 hectares, positioning itself as a national-level destination and a prominent, branded attraction in the Central Highlands.

Recently, the Kon Tum Provincial People’s Committee announced the master plan for the development of the Mang Den tourism area in Kon Plong District, Kon Tum, up to 2045.

Mang Den is immersed in the morning mist, bringing both peaceful and poetic beauty.

Located at an altitude of over 1,200 meters above sea level, Mang Den is a town in Kon Plong District with an average temperature ranging from 16 to 20 degrees Celsius. The terrain consists mainly of hills and mountains, with forest coverage reaching 82%. This area is home to many natural scenic spots, lakes, waterfalls, rocky streams, and pristine indigenous cultures. Not only does it offer a cool and pleasant climate, but Mang Den also boasts a breathtaking natural landscape with majestic and mysterious beauty, ready for tourists to explore.

To develop Mang Den into an attractive destination in the Central Highlands and a driver of socio-economic growth for Kon Tum, the Prime Minister has approved the master plan for the construction of the Mang Den tourism area.

According to the plan, the Mang Den tourism area will span over 90,000 hectares and be part of the national tourism development plan, focusing on economic activities, tourism, and leveraging unique advantages in climate, natural landscapes, and traditional culture.

The night market area located in Mang Den pine forest attracts tourists to visit and experience.

The Mang Den tourism area will be designed based on a model consisting of two development corridors, three tourism centers, and four urban areas. Mang Den Town will serve as the central urban hub of the district, operating as the administrative, political, socio-economic, and commercial service center of Kon Plong District.

Additionally, Mang Den will play an essential role in driving socio-economic development, especially in tourism, commerce, and services for Kon Tum Province, the Central Highlands region, and the country.

Mr. Pham Van Thang, Vice Chairman of the Kon Plong District People’s Committee, shared that Mang Den and Kon Plong District, in general, are blessed by nature with excellent climate and soil conditions, ideal for developing ecology and resort tourism. To promote sustainable tourism development, the district has been actively promoting tourism linked with the traditional culture of the local ethnic areas. The combination of traditional culture and experiential tourism has been highly appreciated by visitors.

“Recently, the district has organized attractive such as sim flower, mua flower, and multicolored flower viewing, combined with visits to high-tech agricultural areas; culinary tours to explore Mang Den’s local cuisine and ethnic minority culture; tours to discover and experience the planting and harvesting of dong sam (a local herb); and weekend gala programs with cultural performances every Saturday and Sunday,” Mr. Ladder added.

A section of Mang Den town at night

Ms. Bach Thi Man, Deputy Director of the Department of Culture, Sports, and Tourism of Kon Tum Province, stated that the development plan will contribute to elevating the Mang Den tourism area to national prominence, becoming a highly attractive, branded destination in the Central Highlands, both domestically and internationally. In the future, Mang Den will focus on developing various tourism models such as resort tourism, ecological tourism, cultural tourism, and tours to explore cultural and historical relics.

@Thanhnien.vn

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