According to the AXIOS website, US President Donald Trump will speak by phone with Ukrainian President Zelensky on Wednesday at 10 a.m. Eastern time (10 p.m. Beijing time tonight).
According to Coindesk, Standard & Poor's Global Ratings said in a report on Wednesday that the lack of regulation of stablecoins in the United States is one of the main obstacles to the adoption of the currency. Analysts led by Mohamed Damak pointed out that the lack of regulation is one of the main obstacles to the adoption of stablecoins in the United States and hinders the wider institutional adoption of stablecoins. Stablecoins will play an increasingly important role in on-chain transaction...
On Wednesday, Trump told reporters: We're going to Fort Knox to make sure the gold is indeed there. Fort Knox, a US Army base in Kentucky, is known to hold more than half of the US Treasury's gold reserves. In the 1930s, the Treasury moved gold from New York and Philadelphia to Fort Knox to make it more vulnerable to attack. Most of the rest of the gold bars are stored in facilities in Denver and West Point, New York. Previously, Musk had suggested on the X platform that the gold reserves in For...
On Wednesday, US stocks hovered between slight gains and slight losses as investors analysed the minutes of the Federal Reserve's January policy meeting and digested the tariffs announced by Trump. The S & P 500 was on track for a second straight day of record closing highs, with the Nasdaq mostly flat and the Dow edging lower. Sam Stovall, chief investment strategist at CFRA Research in New York, said: "In the face of high valuations, Quarter 1 earnings forecasts...
The Securities Exchange Commission (SEC) on Wednesday formally accepted the WisdomTree XRP ETF application for public comment. The SEC requires comments to be submitted within 21 days of publication in the Federal Register. The agency can decide to approve, reject or'initiate further review proceedings. '
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...
According to AFP, Ukrainian President Zelensky will visit Saudi Arabia on Wednesday.
President Trump: An executive order on reciprocal tariffs may be signed on Wednesday.
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.
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.
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...
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...
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.
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 ...
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...