On January 24th, the exchange rate of the RMB against the US dollar rose sharply, recovering the 7.24 yuan mark during the session. "The sharp rise of the RMB exchange rate is mainly affected by the news." Pang Ming, a special senior researcher at the National Financial and Development Laboratory, said that the market generally hopes that the uncertainty of the external environment will be reduced, which makes the RMB exchange rate supported in sentiment and fundamentals. The key to stabilizing ...
Taylor, a member of the Bank of England, said the basic expectation for a rate cut this year is about 100 basis points.
U.S. stocks were basically flat, the Dow fell 0.01%, the Nasdaq fell 0.10%, and the S & P 500 fell 0.03%. Nvidia CEO Huang Renxun said that quantum computer applications will take at least 15 years. U.S. stocks of quantum computing concept stocks collectively fell, Quantum Computing fell more than 34%, Rigetti Computing fell 30%, WIMI holographic fell more than 22%, and Quantum fell more than 26%.
According to the "Guidelines for National Data infrastructure building" issued by the National Development and Reform Commission, the Data Bureau and MIIT, the document clearly proposes to use blockchain technology, encryption technology and smart contracts to build a trusted data circulation system. The guidelines encourage industries and localities to explore blockchain networks and privacy-preserving computation platforms to enhance Trust and Safety in the process of data circulation, promote...
On January 4th, the 2025 National Foreign Exchange Management Work Conference was held in Beijing from January 3rd to 4th. The conference deployed the key tasks of foreign exchange management in 2025, which mentioned that it is necessary to strengthen the maintenance of basic stability of the foreign exchange market. Strengthen situation monitoring and judgment, improve the monitoring and early warning system of cross-border capital flows, and strengthen the counter-cyclical adjustment and expec...
Federal Reserve Barkin: The underlying outlook for 2025 is positive, with more upside risks to growth than downside risks. Inflation is still not back to target and more work is needed.
The Fed's Barkin said the underlying outlook for 2025 was positive, with more upside risks to growth than downside risks. Inflation is still not back on target and more work is needed; there are some potential upside risks to inflation. The 2025 story will focus less on monetary policy and more on economic fundamentals and perhaps geopolitics.
Trader Eugene posted on the X platform that PENGU is basically a replica of APE, except that it has a functioning team that knows how to execute projects under Luca Netz and has an important catalyst coming soon, the launch of Abstract Chain in January. "I like the fact that we have run a full airdrop fractal and the early players have basically exited this stage completely so that we can now have proper price discovery in 2025," Eugene said.
1. The list of penalties for the first batch of bond market violations has been basically determined, mainly involving disrupting market prices, benefit transmission, lending accounts, etc. 2. After the regulatory interview, the upward trend of long-term bonds was temporarily blocked, and the supply of interest rate bonds was reduced and superimposed. Loose expectations catalyzed long momentum. 3. The scale of RRP use by the Federal Reserve has dropped to less than 100 billion US dollars. 4. Zon...
KaJ Labs, a decentralized research organization focused on advancing artificial intelligence and blockchain technology, has committed $100 million to build AI tools for the Ripple ecosystem, The Crypto Basic reports. The initiative aims to leverage Ripple's efficient and scalable infrastructure to enhance artificial intelligence-driven solutions in DeFi and enterprise operations. The funding will support research, artificial intelligence model training, and the deployment of XRP-based artificial...
Citi: Under a basic scenario, crude oil prices are expected to gradually decline to $60/barrel in mid-2025 and remain around that level in the second half of 2025 and 2026.
The Australian Securities and Investments Commission (ASIC) has published a consultation paper proposing to update its regulatory guidance on digital assets, with a focus on compliance requirements under the Companies Act. Amendments to Information Sheet 225 (INFO 225) include 13 working examples designed to clarify when digital assets qualify as financial products, such as stablecoins, packaging tokens, and staking services. In these examples, ASIC outlines transactions involving...