The Biden administration fired the "last shot" at Russia, and oil prices got a boost again as the winter arrived. But analysts point out that crude oil bulls seem to be too "carried away"? > >
As the Federal Reserve enters the new year facing a strong economy and inflation that remains above its 2 percent target, Kansas Fed President Schmid on Thursday signaled reluctance to cut interest rates again. Speaking at the Economic Club of Kansas City, Schmid said that "we are very close to achieving our dual goals of price stability and full employment" and that "with inflation near target and economic growth showing continued momentum, I...
On December 31st, on the occasion of quitting the old and welcoming the new in 2024, OKX CEO Star released an open letter entitled "Salute to another year of hard work". In the letter, he mentioned that in the past year, OKX has continued to strengthen its compliance operations to comply with the risk management mechanism of the top financial services companies. It is this high standard of compliance system that has enabled the company to successfully obtain relevant licenses in regions known fo...
As the hacked WazirX was undergoing a workout, its digital hosting partner Liminal issued a statement addressing the alleged security bugs. On October 22, Liminal issued an update responding to WazirX's alleged "disinformation campaign" and clarifying some information about its role in the incident. Despite blaming Liminal for the $235 million breach in July, WazirX continues to use its digital hosting service, and WazirX holds more than 175 million on its platform.
On the occasion of its 10th anniversary, stablecoin issuer Tether has announced that it will release a documentary on USDT and its impact on combating inflation. In the trailer, Tether interviews users who have benefited from stablecoins as they try to fight inflation. The trailer shows interviews from Turkey, Brazil, and Argentina, where people are struggling with high inflation rates.
Amid widespread expectations that the Federal Reserve will cut rates at its policy meeting next week, Brian Martin, head of economics at ANZ G3, said he expects the Fed to cut rates by 200 basis points during the upcoming easing cycle. He said the underlying financial and economic conditions in the United States do not mean that the easing cycle will begin in a more forceful manner. However, he added that if there is a material deterioration in labor market conditions, then it is reasonable to a...
With one month left in the financial year, the U.S. federal budget deficit soared in August as rising interest costs continued to weigh on the overall balance of payments. Data released by the US Treasury on Thursday showed the deficit reached $1.90 trillion in the 11 months to August, a 24% increase from a year earlier. The monthly deficit in August was $380 billion, compared with a surplus adjusted for calendar differences in August 2023. A large part of the monthly difference is due to the de...
The Federal Reserve mouthpiece Nick Timiraos published an article on the occasion of the upcoming release of non-farm payroll data in August, saying that tonight's employment report will affect the Federal Reserve's rate cut. If the non-farm payroll in August is another bad employment report, it may lead to a sharp increase in the Fed's interest rate.
As stETH fell to $2,588 in the past seven hours, the phishing address that had stolen 55.40 million DAI exchanged 950,000 DAI for 367 stETH and transferred 4.4 ETH to eXch.
According to Bitcoin Magazine, El Salvador continued to buy one bitcoin a day even as bitcoin plunged.
August 2nd news, as the market awaits the US non-farm payrolls report on Friday, analysts at ING warned that the data may be biased towards weakness, which may exacerbate the volatility of financial marekts including cryptocurrencies. According to economists surveyed by the Wall Street Journal, the data to be released at 20:30 Beijing time shows that the United States added 185,000 jobs in July, down from 206,000 in June; the unemployment rate remained at 4.1%, unchanged from June, while...
EM: In the past eight months, two people (on separate occasions) have tried to assassinate me. They were arrested about a 20-minute drive from Tesla's headquarters in Texas while they were armed.
JPMorgan expects the S & P 500 to increase volatility in the run-up to CPI, with options markets now betting the index will move up or down 0.9 per cent by Thursday.
At a time of turmoil in the cryptocurrency market, MicroStrategy founder Michael Saylor has delivered sober words about Bitcoin's recent price slump. In a tweet that caught the attention of the crypto community, Saylor said: "1 BTC still corresponds to 1 BTC (1 BTC = 1 BTC)," reiterating the fundamental belief that Bitcoin's value will remain the same.