Federal Reserve Chairperson Jerome Powell: Current policy is "substantial" but not "highly" restrictive.
Through active cooperation with the banking industry, the Hong Kong police targeted a cross-border money laundering syndicate active in Hong Kong and the mainland and launched an arrest operation codenamed "Sink". During the operation, the police arrested 11 men and 3 women, aged between 23 and 50, for "conspiracy to launder money", involving more than HK $18 million. After analyzing the flow of funds, the police found that the suspects used local bank accounts to...
Ripple CTO David Schwartz confirmed that the highly anticipated stablecoin RLUSD will initially be available for institutional use only. The news comes ahead of regulatory approval and the official launch of Ripple's "RealUSD".
Analyst Cameron Crise said the much-anticipated Waller speech triggered market volatility, with one notable comment being that he would support strong action/early rate cuts if necessary. But the market suddenly...