News list for " wed"

Bernstein: Political and regulatory environments are creating ideal conditions for advancing stablecoin legislation

A report released by Bernstein on Wednesday revealed that it believes a "perfect storm" of political and regulatory forces is creating ideal conditions for U.S. stablecoin legislation this year. The analysts added that possible legislation in the US could prompt major Financial Institutions Groups to evaluate how to integrate stablecoin issuance or settlement into their business models. In addition, regulators are expected to step up scrutiny of past'debanking 'practices, further integrating sta...

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2025-02-19 16:29:31
President Trump: An executive order on reciprocal tariffs may be signed on Wednesday.

President Trump: An executive order on reciprocal tariffs may be signed on Wednesday.

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2025-02-12 21:01:08
OpenAI board responds to Musk's $97.40 billion offer: its legal claims are inconsistent

OpenAI's board on Wednesday questioned the rationality of a $97.40 billion offer from Mr. Musk and others to buy the company. On Monday, a consortium of investors led by Mr. Musk offered to buy assets of the nonprofit that controls the company, intensifying a years-long feud between Mr. Musk and OpenAI chief executive Sam Altman. In a court filing on Wednesday, the company said Musk's takeover offer was consistent with its legal claims in a lawsuit filed against OpenAI last year.

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2025-02-13 00:45:22
OpenAI is about to release a new GPT-4.5 model

OpenAI CEO Altman said Wednesday that the GPT-4.5 model, known internally as Orion, will be available "in a few weeks." Foreign media reported in November that Orion has not yet achieved the performance expected by OpenAI. Altman said the model will be the last one the company has launched that does not use additional computing power to mimic the way humans reason. OpenAI has adopted inference models in some of its newer models, including o1 and o3.

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2025-02-12 21:40:51
Federal Reserve Chairperson Powell warns against over-interpreting CPI data

Federal Reserve Chairperson Jerome Powell on Wednesday warned against reading too much into data showing the largest month-on-month increase in the consumer price index (CPI) in more than a year, while acknowledging that the reading was significantly higher than expected. "The CPI reading is higher than almost all forecasts, but I just want to remind you of two things," Powell told the House Financial Services Committee hearing. "First, we're not going to get excited about one or two good readin...

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2025-02-12 20:31:19
Wells Fargo sees continued trade policy risks and boosts dollar

Aroop Chatterjee, a macro strategist at Wells Fargo, wrote in a research note on Wednesday that the rise in trade policy uncertainty looks set to continue, reducing risk appetite, increasing foreign exchange risk premiums and pushing up the dollar. Dollar gains are likely to be concentrated against emerging market currencies and cyclical G-10 currencies. If near-term growth risks prove to be more pronounced, currencies sensitive to falling U.S. Treasury yields could rise, with "the yen leading t...

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2025-02-12 19:27:50
Trump and Putin speak on the phone, and the two sides agree to negotiate an end to the Russian-Ukrainian war

U.S. President Donald Trump said he spoke with Russian President Vladimir Putin on Wednesday and the two sides agreed to negotiate an end to the Russian-Ukrainian war. Trump posted on social media platforms that he planned to call Ukrainian President Vladimir Zelensky about the conversation later on Wednesday.

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2025-02-12 17:17:33
The United States plans to release BTC-e operator Alexander Vinnik.

As part of a swap with Russia, the United States will release suspected cybercriminal Russian kingpin Alexander Vinnik in exchange for the release of U.S. citizen Marc Fogel, The New York Times revealed on Wednesday. Vinnik, who ran BTC-e, once one of the world's largest cryptocurrency exchanges, was arrested in 2017 and detained at the request of Washington on suspicion of laundering $4 billion through the platform. In May, he pleaded guilty to conspiracy to launder money and faces 20 years in ...

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2025-02-12 17:08:28
Daily US Stock Market Highlights (Wednesday, February 12)

Important news 1. The United States recorded a 3% annual rate of unseasonally adjusted CPI in January, the largest increase since June 2024. The United States recorded a 0.4% monthly rate of quarterly adjusted core CPI in January, the largest increase since March 2024. 2. After the inflation data was released, traders adjusted the timing of the next Federal Reserve rate cut from September to December. 3. US President Trump: Interest rates should be lowered, and the rate cut will complement the u...

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2025-02-12 13:59:43
Villeroy: Trump's policies could have a negative impact on the economy

The governor of the Bank of France, Villeroy, on Wednesday reiterated that U.S. President Donald Trump's tariff policy is likely to have a negative impact on the economy. "Protectionism is an attractive short-term policy, but in the long term it is a losing strategy," he added. Villeroy also reiterated that France is likely to avoid a recession in 2025. The French economy is on track to grow by 0.1-0 percent in Quarter 1 compared with the previous three months, the Bank of France said on Tuesday...

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2025-02-12 07:56:54
US Treasury Secretary Vincent: Musk's government efficiency department has not changed the Treasury system

US Treasury secretary Scott Bescent said he had personally vetted Treasury employees on Elon Musk's government efficiency team who had read-only access to federal payments data and that the Treasury payments system had not been modified. "This is an operational plan to suggest improvements," Mr. Bescent said in an interview on Thursday. "The ability to change the system is in the hands of the Fed. This system is not even run by us." Mr. Bescent is confident in Mr. Musk's team,...

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2025-02-06 21:55:31
Swedish digital asset management firm Virtune launches Avalanche and Cardano crypto ETP

Swedish digital asset management company Virtune has announced the launch of two crypto exchange-traded products on Nasdaq Helsinki, Virtune Avalanche ETP and Virtune Staked Cardano ETP. Last month, the company listed five cryptocurrency ETPs involving Bitcoin, XRP, SOL, and others.

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2025-02-06 03:39:21
Federal Reserve Barkin: Still inclined to cut interest rates this year, no signs of overheating in the economy

On February 5, Richmond Federal Reserve President Barkin said in an interview that the Federal Reserve is still inclined to cut interest rates this year and has not seen any signs of economic overheating.

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2025-02-05 13:05:11
Former Fed "Eagle King": Inflation will slow, allowing the Fed to cut interest rates further

Inflation will slow significantly this year, allowing the Federal Reserve to keep cutting interest rates, according to former St. Louis Fed President Brad. Brad said it looks like the Fed is on track to cut rates two more times this year, by 25 basis points each. Fed officials were expecting two rate cuts in December. "I don't really see anything stopping them from doing that," he said. However, Brad said another rate cut in March appears premature. He said: "From what's going on...

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2025-02-03 14:07:58

7x24 Newsflash

19:04 2025-02-19
Federal Reserve meeting notes: All participants believe it is appropriate to keep target interest rate unchanged
The Fed's January monetary policy meeting notes that all participants thought it was appropriate to keep the target rate unchanged.
18:36 2025-02-19
Trump will strengthen his control over independent federal agencies, including the regulatory functions of the SEC and the Federal Reserve
President Donald Trump is set to tighten his grip on independent federal agencies, according to the Financial Times, in his latest move to tighten his grip on government entities. The White House said in a statement that late on Tuesday, President Trump signed an executive order "binding independent agencies", ordering agencies to submit draft regulations for review. Trump will also set "performance standards" for agencies, which must discuss "priorities and...
18:18 2025-02-19
European Union MiCA Approves 10 Stablecoin Issuers, Tether Not Listed
The list of stablecoin issuers of the European Union's Crypto Asset Market Regulation Act (MiCA) compliance has been announced. Circle, Crypto.com, Societe Generale and other 10 institutions have been approved to issue euro and US dollar stablecoins, involving a total of 10 euro stablecoins and 5 US dollar stablecoins. The world's largest stablecoin issuer, Tether (USDT, with a market value of over 141 billion US dollars), did not appear on the list.
18:15 2025-02-19
Institutional bitcoin spot ETF holdings in Q4 2024 increased by more than 200% compared to Q3
According to a 13F filing with the Securities Exchange Commission (SEC), the size of spot bitcoin ETFs held by large institutions such as pension funds or hedge funds tripled in the fourth quarter of 2024. As of Q4 2024, institutional investors held $38.70 billion worth of spot Bitcoin ETFs. This figure is more than three times that of Q3, which reported holdings of just $12.40 billion. Among them, the Wisconsin Investment Commission increased its holdings of BlackRock iShares Bitcoin Trust (IBI...
17:57 2025-02-19
Tether deposits 800 million USDT to Binance deposit address
According to on-chain data, Tether deposited 800 million USDT to Binance: Deposit Funder 1 in two transactions on the Ethereum network 3 hours ago. The transaction hashes are: 0x0c4d6256b9d33bb1ac9d41d6526acfa637f5a490b3ab81e0c7726efc43cf3935; 0x1c6411706d0e2654f37bcb7217c9b40121600c3a00f3ad9289cd4318e405edf3.
17:30 2025-02-19
Monad: Test coins sent to over 8.80 million active Ethereum addresses
Monad officials posted on social media that it has sent test coins to more than 8.80 million active Ethereum addresses, and it will take 30 minutes to process the difficulties at a speed of about 5,000 TPS. Participants can pay attention to check their wallets.
16:56 2025-02-19
Nasdaq Proposes Allowing Listed Trading of Investment Interests Based on Digital Assets
Nasdaq filed a 19b-4 filing on Tuesday, proposing a new Rule 5712 to allow the listing and trading of investment interests based on digital assets, such as securities and commodity-related products. The proposal would also adjust the listing rules for the Hashdex Nasdaq Cryptocurrency Index U.S. ETF.
16:56 2025-02-19
Coinbase will list Bittensor (TAO)
Coinbase has announced that it will add support for Bittensor (TAO) on the Bittensor network. Do not send this asset through other networks or your funds may be lost.
16:41 2025-02-19
Vitalik Buterin: Ethereum is not a commercial company. If it becomes a company, it will lose its meaning
Vitalik Buterin, co-founder of Ethereum, answered the question "Do you think Ethereum needs more commercial management?" in the text AMA held on the Tako platform: "I think Ethereum is a decentralized ecosystem, not a company. If Ethereum becomes a company, we will lose most of the meaning of Ethereum's existence. In fact, the Ethereum ecosystem has many big companies: consensys, various client side teams (nethermind, nimbus, etc.), Coinbase, L2 team (including...
16:29 2025-02-19
FOX reporter: SEC is prioritizing crypto lawsuits with closer deadlines
FOX Business reporter Eleanor Terrett said that according to multiple legal sources, the SEC has been prioritizing cases with court deadlines, which explains why we haven't seen suspension requests in the Ripple and Kraken cases. Ripple's next court deadline is April 16, while Kraken's deadline appears to be March 31. Binance's case has been put on hold until April 14 and Lejilex's until April 11, while Coinbase and the SEC have agreed to extend the deadline to allow S...
16:29 2025-02-19
Bernstein: Political and regulatory environments are creating ideal conditions for advancing stablecoin legislation
A report released by Bernstein on Wednesday revealed that it believes a "perfect storm" of political and regulatory forces is creating ideal conditions for U.S. stablecoin legislation this year. The analysts added that possible legislation in the US could prompt major Financial Institutions Groups to evaluate how to integrate stablecoin issuance or settlement into their business models. In addition, regulators are expected to step up scrutiny of past'debanking 'practices, further integrating sta...
16:11 2025-02-19
Microsoft (MSFT. O) has launched a quantum computing chip called Majorana 1.
Microsoft (MSFT. O) has launched a quantum computing chip called Majorana 1.