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Cardano Community Treasury asked to invest $5 million in tokenized copper, requiring a nearly 50% surge in copper prices to break even.
The Toto Finance proposal requests 22 million ADA (approximately $5 million) from the Cardano community treasury to purchase tokenized copper, establishing a "Cardano Strategic Copper Reserve." According to the proposal's assumptions, if the entire budget is utilized and the ADA-USD price remains constant, copper prices would need to increase by approximately 49.4% to recover the initial investment. Voting concludes on November 15.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
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Asian markets broadly fell: The Hang Seng Index dropped 3.03% to a four-month low, and the Hang Seng Tech Index fell 5%; Brent crude rose 3.2% to $112.27, due to AI concerns and heightened tensions in the Strait of Hormuz.
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Goldman Sachs: Silver Net Longs Fall to Two-Year Low Amid Dual Blows from Dollar Pullback and Weak AI/Solar Sectors
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JPMorgan Chase Report: Funding Pressure on New Cloud Vendors Won't Impact AI Infrastructure Cycle; Tech Sector Expected to Have $400 Billion Funding Surplus This Year
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Middle East Tensions Escalate: Houthis Claim Multiple Attacks on Saudi Arabia, Brent Oil Surpasses $112, Iran Claims to Have Struck Oil Tanker in Strait of Hormuz
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Crypto traders value Indian telecom company Reliance Jio's IPO at approximately $110 billion.
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SoftBank's stock price has halved from its June high, as the market worries about AI financing risks.
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Barclays plans to cut 5,000 jobs, or about 5% of its total workforce, to boost efficiency and reduce costs through AI, primarily focusing on support functions.
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The 10-year U.S. Treasury yield fell by approximately 11 basis points from its previous close, now at 5.04%.
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AI Companies and French Sovereign Debt Face Stress Test: CoreWeave CDS Spreads Exceed 1,000 Basis Points, France's 10-Year Government Bond Yield Breaks 5% for the First Time Since 2002, Moody's to Review France's Rating
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Houthis claim Saudi Arabia targeted an Indian boat in Red Sea, rescued 14 Indian nationals
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