Sphinx exchange has completed a $2 million Pre-seed round of financing, led by Eckhardt Capital, aiming to provide commodity derivatives trading services based on a permissioned Layer 1 Blockchain, including oil, natural gas, and more.

On October 15th, Jin10 Data reported that Goldman Sachs (GS.N) had a Q3 net profit of $2.78 billion, compared to $3.546 billion in the same period last year, a pump of 45% YoY. Net Interest Income was $2.62 billion, exceeding the market expectation of $1.84 billion. Fixed Income, forex, and commodity business (FICC) revenue was $2.96 billion, in line with market expectations. Asset and wealth management revenue was $3.75 billion, a rise of 16% YoY. Equity revenue was $3.5 billion, a rise of 18% YoY.

The price of North Sea crude oil is low, with a batch of crude oil in Asia falling to extremely low levels. Last week, a batch of Forties crude oil was sold at a price of $3.50 per barrel to $4 per barrel. Asian demand has a significant impact on North Sea crude oil, which helps determine the price of Brent crude oil. With weak demand, Asian buyers are avoiding North Sea oil and turning to cheaper supplies from the Middle East, the United States, and other places, leading to a reduction in purchases in Europe.

Golden Finance reported that market news: Goldman Sachs (GS.N) and JPMorgan Chase (JPM.N) and other banks are providing transactions related to Russia.

The US stock market rose sharply on Friday, with the Dow rising by 1.63%, the Nasdaq rising by 1.62%, and the S&P 500 rising by 1.42%. The overall CPI in December basically met expectations, and the core CPI eased slightly, warming up market expectations for interest rate cuts. Companies such as BlackRock and Wells Fargo released their Q4 financial reports, and their stock prices rose by over 5% after earnings.

Tennessee reaches multi-million dollar settlement with GS Partners, refunding affected investors all funds or Cryptocurrency deposited, involving misleading digital asset and metaverse investments. The settlement also includes other entities under GSB Group, and more states are expected to join the settlement.

On October 17th, Jin10 Data reported that Goldman Sachs (GS.N) had an earnings per share of $8.4 in the third quarter, surpassing the bank's expected $7.13 and the market's expected $7.39, mainly due to the stronger performance in the Capital Market. Bank of America Securities raised Goldman Sachs' earnings per share estimates for the fourth quarter of fiscal year 2024 and fiscal year 2025 by 8.7% and 3.2%, respectively, to $8.09 and $41.68, and raised the target price from $563 to $575, with a rating of "Buy".

The carbon-neutral Block chain platform Open Forest Protocol (OFP) has completed its seed round of financing, led by Übermorgen Ventures, with participation from BackBone Ventures, GS Futures, Bloom Foundation, NEAR Foundation, and Foundation Valery. OFP provides no upfront cost, Open Source, network-based and on-chain carbon credit verification and issuance, driving the future of on-chain natural assets.

On August 19th, it was announced that perpetual on-chain options protocol GammaSwap will launch its governance Token GS's LBP on August 31st, and will distribute Airdrop afterwards. The total supply of GS is 16 billion, with 37% allocated to the treasury, 23% to the core team, 17% to investors, 15% to Liquidity Mining and stake, 5% to LBP, 2% to Airdrop for points holder, and 1% to advisors.

Golden Finance reported that JPMorgan (JPM.N) fell 3.1% pre-market, Wells Fargo (WFC.N) fell 1.6%, Goldman Sachs (GS.N) fell 1.6%, Morgan Stanley (MS.N) fell 3.7%, Citigroup (C.N) plummeted 4.5%, Bank of America (BAC.N) big dump 4.4%.

On August 5th, JPMorgan (JPM.N) fell 3.1% pre-market, Wells Fargo (WFC.N) fell 1.6%, Goldman Sachs (GS.N) fell 1.6%, Morgan Stanley (MS.N) fell 3.7%, Citigroup (C.N) plummeted 4.5%, Bank of America (BAC.N) had a big dump of 4.4%.