04:02 2025-03-23
The Federal Reserve has lost $77.60 billion for the second consecutive yearOn March 21 local time, the Federal Reserve released an audited financial report showing that the Federal Reserve's annual operating loss in 2024 reached 77.60 billion US dollars (about 560 billion yuan), marking the second consecutive year of huge losses. Analysts believe that the main reason for the Federal Reserve's huge losses is the violent interest rate hikes from 2022 to 2023. When the Federal Reserve can return to profitability depends on its subsequent interest rate cut path. The New Yo...
03:56 2025-03-23
2025 China Development Forum: our country will take comprehensive measures to expand consumptionOn March 23rd, today, the 2025 annual meeting of China Development Forum was held in Beijing. At the annual meeting, Han Wenxiu, deputy director of the Office of the Central Financial and Economic Commission in charge of daily work and director of the Office of the Central Rural Work Leading Group, said that our country will comprehensively implement policies to expand consumption, and constantly form a situation in which high-quality development and high-quality life promote each other and comp...
03:50 2025-03-23
NFT game project Game of Silks may face a class action lawsuit, and law firm Rosen Law plans to file a court motion next monthRosen Law Firm announced that it will file a class action lawsuit on behalf of Game of Silks NFT purchasers, an NFT-powered fantasy horse racing game project that completed a $5 million financing in 2023 (the total financing amount exceeded $10 million), but the project never filed a registration statement with the SEC, so its NFT may violate the Securities Act and be suspected of material misrepresentation. It is reported that Rosen Law Firm revealed that the lead plaintiff plans to file a moti...
02:55 2025-03-23
"2 million AUCTION from Binance Giant Whale/Agency" 300,000 AUCTION to Binance againAccording to on-chain analyst Ember, "2 million AUCTION whales/institutions from Binance" have transferred 300,000 AUCTION into Binance in the past 15 minutes, worth about $8.56 million.
Today they have transferred 1.05 million AUCTION (worth about $37.81 million) to Binance, and only 450,000 AUCTION (worth about $1284) is held by the address on the chain.
02:52 2025-03-23
Department of Justice recovers $7 million stolen from a cryptocurrency scam, urges victims to apply for collectionThe Department of Justice (DOJ) announced on March 21 that $7 million in proceeds from a cryptocurrency investment fraud scheme had been recovered, and has now begun inviting victims to submit petitions to repatriate their funds. "These fraudulent websites mimic legitimate cryptocurrency investment platforms, but wire victims' funds to perpetrators through more than 75 bank accounts opened in the name of shelf companies," authorities said. Victims were misled...