The post US Dollar Index (DXY) hovers near multi-week low ahead of US PCE data appeared on BitcoinEthereumNews.com. The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on the overnight bounce from its lowest level since late October and trades with a mild negative bias during the Asian session on Friday. The index is currently placed around the 99.00 mark, down less than 0.10% for the day, as traders now await the crucial US inflation data before placing fresh directional bets. The September US Personal Consumption Expenditure (PCE) Price Index will be published later today and will be scrutinized for more cues about the Federal Reserve’s (Fed) future rate-cut path. This, in turn, will play a key role in determining the next leg of a directional move for the Greenback. In the meantime, dovish US Federal Reserve (Fed) expectations overshadow Thursday’s upbeat US labor market reports and continue to act as a headwind for the buck. Recent comments from several Fed officials suggested that another interest rate cut in December is all but certain. The CME Group’s FedWatch Tool indicates an over 85% probability of a move next week. Furthermore, reports suggest that White House National Economic Council Director Kevin Hassett is seen as the frontrunner to become the next Fed Chair and is expected to enact US President Donald Trump’s calls for lower rates, which, in turn, favors the USD bears. Nevertheless, the DXY remains on track to register losses for the second straight week, and the fundamental backdrop suggests that the path of least resistance for the index remains to the downside. Hence, any attempted recovery is more likely to get sold into and remain limited. US Dollar Price Last 7 Days The table below shows the percentage change of US Dollar (USD) against listed major currencies last 7 days. US Dollar was the strongest against the Swiss…

The post SSP Stock Surges 11% On FY25 Earnings And European Rail Review appeared on BitcoinEthereumNews.com. SSP Group stock rebounded strongly today. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Shares in travel food retailer SSP Group rose sharply today after the company posted solid FY25 results, highlighting good growth in two of its four regional divisions, and a decision to review its under‑performing Continental European rail business. The food and beverage (F&B) company’s stock closed 11.3% up in London on the back of a revenue rise of 7.8% (at constant currency) to £3.6 billion ($4.8 billion) in the 12 months to September. Operating profit jumped by 12.7% to £223 million ($298 million). Under statutory IFRS reporting, however, operating profit fell 58% to £86 million, which SSP said in a statement “reflected £183 million of non‑underlying expenses and impairment charges.” The decision to review its rail business in Continental Europe—the biggest of the F&B giant’s four divisions by revenue at £1,205 million ($1,607 million)—was welcomed by the market, given its weak performance of 2% like-for-like (LFL) growth. A carrot was also dangled— a reward to shareholders arising from the July IPO of SSP’s Indian joint venture Travel Food Services (TFS) with K Hospitality, India’s largest privately held F&B company. SSP Group CEO Patrick Coveney said in a statement: “We acknowledge there is more to do to strengthen our operational performance, most notably in Continental Europe, where we have now reset our team, model, and balance sheet, and have a range of initiatives underway. In addition, we are launching a wide-ranging review of our rail business in Continental Europe. We are also considering options to realise value for our shareholders in line with the delivery of the TFS free float requirement.” SSP currently retains a 50.01% stake in TFS and said: “We believe that India’s market potential, combined with TFS’s attractive…

The post GOAT Foundation unveils tokenomics for $GOATED token launch appeared on BitcoinEthereumNews.com. The GOAT Foundation recently announced the details for its token generation event for $GOATED. The token is meant to support the network by serving as a reward mechanism and a governance token. Summary $GOATED will serve as both a governance tool and a reward mechanism within the Bitcoin ZKRollup GOAT Network Nearly 40% of the 1 billion $GOATED supply will go to the ecosystem’s mining rewards pool, while the remaining tokens will be allocated across team members, early supporters, the on-chain treasury, and community incentives such as airdrops. The Bitcoin ZKRollup GOAT Network has recently launched its own foundation to support the network in aiming to advance the Bitcoin ecosystem by scaling BTC performance and providing BTC yield while maintaining native BTC security. The independent entity has been dubbed the GOAT Foundation. Alongside the launch of GOAT Foundation, the network has revealed more details regarding the upcoming token generation event for its native token launch. Although the GOAT Foundation has yet to reveal an official release date, signs point to a release in the later half of 2025. According to the official announcement, the $GOATED token will be used to unlock key utilities across the GOAT network ecosystem. The token will be used for staking or locking to enhance BTC (BTC) yield rates, providing mining rewards and incentivizing developers among other use cases. In addition, $GOATED holders will be able to propose and vote on decisions regarding the GOAT Network. Stakers of $GOATED will also be able to increase their chances of being chosen to become sequencers, which directly earn them BTC transaction fees. This initiative is meant to incentivize users and node operators to engage with the $GOATED token. GOAT Foundation’s tokenomics for $GOATED The largest portion of $GOATED will be allocated to the GOAT ecosystem mining pool. Nearly…