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.
On January 10th, the music and dance game "Audition" announced its entry into the Web3 field and launched an innovative version of "Audition Reappearance". This upgrade includes three aspects: Web3 Fitness Ecosystem: Bluetooth fitness blanket hardware that fuses entertainment and health. Celebrity Social Meta-Universe: Supports virtual parties to interact with idols and build a global social experience. AIGC technology: Players can create and trade in-game clothing, props, and other digital cont...
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%.
Zhu Su, co-founder of Three Arrows Capital, said in a post that Physical AI will be the next development direction.
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...
Sichuan Neijiang City Public Security Bureau held a press briefing to announce that the Neijiang police recently cracked a case of illegally obtaining computer system data supervised by the Ministry of Public Security and arrested 5 people. It is reported that the gang are all high-end "hackers" engaged in network technology. One of them is still a staff member of a large cyber security company. He overstepped his authority to obtain personal information of citizens by writing a hacking program....
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.
This morning (December 29), the first Type 076 amphibious assault ship independently developed and built by our country - the Sichuan ship was officially undocked.
Trrue, an L1 blockchain focused on ESG compliance and physical asset tokenization, announced a $10 million investment commitment from GEM Digital. In exchange, GEM Digital will receive TRRUE tokens. Trrue is currently selling a total of 300 million TRRUE tokens at $0.10 on multiple launchpads and plans to go live on December 27. Owen O'Driscoll, CEO of the project, said the financing will be used for product development, ecosystem expansion and token exchange launch. GEM Digital is a $3.40 billi...