Federal Reserve Governor Barr said that generative artificial intelligence has significantly increased the productivity of various knowledge-based activities, allowing even people without programming skills to use it effectively.
On February 13, it was learned from multiple authoritative sources that the State-owned Assets Supervision and Administration Commission of the State Council is preparing to establish a new central enterprise, which is named National Data Group. A person close to the preparations for the new central enterprise said that this move marks a key step in China's market-oriented reform of data elements, aiming to further integrate and optimize national data resources, and promote the efficient allocat...
After the resumption of trading on February 5, 2025 (Wednesday), iron ore, coke, coking coal, soybean No. 1, soybean No. 2, soybean meal, soybean oil, palm oil, corn, corn starch, japonica rice, eggs, live pigs, linear low-density polyethylene, polypropylene, polyvinyl chloride, ethylene glycol, styrene, liquefied petroleum gas, log, fiberboard and plywood futures contracts will return to the pre-holiday standard.
Tether's market value will increase by nearly $50 billion in 2024, and its investments, product line, and political influence across various industries will also be enhanced. Tether appears to have slowed some of its lobbying this year, spending just $360,000 on FTI government matters, according to OpenSecrets. That's about a 71% decrease from $1.24 million in 2023; $480,000 in 2022. Tether hired DMM Consulting, a lobbying firm in 2023 that also lobbied on behalf of El Salvador's Bukele governme...
White House sources say U.S. agencies have been alerted to preparations for the upcoming government shutdown.
On November 19, Li Chao, deputy director of the Political Research Office of the National Development and Reform Commission, said at a press conference today that in the next step, the National Development and Reform Commission will continue to collect and notify cases of violations of the negative list of market access as an important task to implement the market access system and break down market access barriers. For local violations of the market access system, we must find them together, re...
Let's see how central banks choose this year: cut interest rates, raise interest rates, wait and see, or lower and then rise...
On November 6th, Xi Jinping stressed during his inspection visit to Hubei that Hubei should have the courage to explore in comprehensively deepening reform and expanding high-level opening up. Do a good job in reforming key areas and key links, fully integrate into the construction of a unified national market, and build a fairer and more dynamic market environment. Adhere to and implement the "two unswervingly", and promote the mutual promotion and common development of various ownership econom...
The Tapioca Foundation tweeted that it is currently working with law enforcement agencies and various security organizations, including ZeroShadow, Seal911, and the BNB Smart Chain team. Most of the stolen funds are still on the chain. The team is now offering a 10% bounty for any information or action that helps recover the stolen funds. Previously, the Tapioca DAO suffered a social engineering attack on October 19, resulting in the theft of $4.70 million in assets. The team had offered $1 mill...
On October 10th, the Ministry of Justice and the National Development and Reform Commission: Support private economic organizations to revitalize existing assets in various ways, improve reinvestment capacity, and improve asset quality and efficiency. People's governments at all levels and their relevant departments support private economic organizations to participate in government and social capital cooperation projects. Government and social capital cooperation projects shall reasonably set u...
According to the National Bureau of Statistics, in August 2024, 70 large and medium-sized cities saw a month-on-month decrease in the sales price of commercial housing in all tier cities, and the year-on-year decrease was generally slightly expanded. Among them, the month-on-month decrease in the sales price of new commercial housing in first-tier cities narrowed, and the year-on-year decrease was the same as last month.
Federal Reserve Beige Book: Respondents across regions generally expect price and cost pressures to stabilize or ease further in the coming months.
Optimism developers plan to introduce interoperability between various Layer 2 blockchains in the ecosystem, including OP Mainnet, Zora, Base, and others, including providing a messaging protocol, a common token standard (SuperchainERC20), and an error-proof system for secure asset transfers.
Maker posted that the Block Analitica team proposed adjustments to various vault type parameters, which will be considered in the next executive vote. Proposed Stabilization Fee (SF) Changes: ETH-A: down to 6.25%; ETH-B: down to 6.75%; ETH-C: down to 6%; WSTETH-A: down to 7.25%; WSTETH-B: down to 7%; WBTC-A: down to 7.75%; WBTC-B: down to 8.25%; WBTC-C: down to 7.5%; effective DAI borrowing APY down to 7%; DSR (Dai Savings Rate) down to 6%.
According to the article, there are various signs that the Federal Reserve's monetary policy is approaching the time window for cyclical changes. At present, the market is expecting the Federal Reserve to cut interest rates in September. In general, the conditions for the Federal Reserve to cut interest rates are ripe and it is about to enter a new round of easing cycle. If the Federal Reserve chooses a relatively mild interest rate cut model in the future, the international financial marekt may...