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Former Fed "Eagle King" Bullard: This year may cut interest rates by 75 basis points
In an interview with Global Finance, former St. Louis Fed Chairman Brad stated: "The FOMC's last meeting and Powell's press conference were very clear that unless something dramatic happens, Fed officials are ready to act at the September meeting. I think they have expressed their intentions as central banks as clearly as possible. I think they will start cutting interest rates by 25 basis points in September. The question then is how quickly they want to reach a new monetary policy stance. Even if they slightly lower the policy rate, the rate will remain at a restrictive level. They need to continue to lower rates from that point. I think it may be a 25 basis point rate cut at each meeting, for several consecutive meetings, until the policy rate is lowered to a lower level, at which point they can decide whether inflation continues to move towards the 2% target and whether to continue normalizing policy rates. It is expected that there will be a 75 basis point interest rate cut from now until December."
Share2024-08-23 07:14:29
Former Fed "Eagle King" Bullard: This year may cut interest rates by 75 basis points
In an interview with Global Finance, former St. Louis Fed Chairman Brad stated: "The FOMC's last meeting and Powell's press conference were very clear that unless something dramatic happens, Fed officials are ready to act at the September meeting. I think they have expressed their intentions as central banks as clearly as possible. I think they will start cutting interest rates by 25 basis points in September. The question then is how quickly they want to reach a new monetary policy stance. Even if they slightly lower the policy rate, the rate will remain at a restrictive level. They need to continue to lower rates from that point. I think it may be a 25 basis point rate cut at each meeting, for several consecutive meetings, until the policy rate is lowered to a lower level, at which point they can decide whether inflation continues to move towards the 2% target and whether to continue normalizing policy rates. It is expected that there will be a 75 basis point interest rate cut from now until December."
Share2024-08-23 07:14:29
Polygon Staking Address Transfers Out 70 Million MATIC, Worth Over $36.4 Million
Whale Alert monitoring shows that a Polygon Staking address transferred about 70 million MATIC tokens worth approximately $36,403,662 around 22:33 today.
Share2024-08-23 07:14:28
Bitcoin L2 Project Ark Labs Completes $2.5 Million Pre-Seed Round of Financing
Bitcoin L2 project Ark Labs announced the completion of a $2.5 million Pre-Seed round of financing, led by Tim Draper and Draper Ventures, with participation from Fulgur Ventures, Axiom Capital, and Bitcoin angel investor Stephen Cole.
Share2024-08-23 07:14:27
Babylon: The first phase 1,000 BTC pledge limit has been reached
Babylon announced on the X platform that the upper limit of the first stage of 1000 BTC pledges has been reached. According to Babylon's pledge platform data, the confirmed pledge TVL is currently 1000.04549438 BTC, and the number of users participating in the pledge is about 12,700.
Share2024-08-23 07:14:25
MakerDAO: DAI and MKR will continue to be available, and upgrading to NewStable and NewGovToken is optional
MakerDAO announced on X platform that the Endgame plan has introduced upgraded versions of DAI and MKR called NewStable and NewGovToken. However, DAI and MKR will still be available. Unless the governance department decides otherwise, these two tokens are expected to remain unchanged in the foreseeable future. Users can continue to hold and use these two tokens as before. DAI will remain available indefinitely. Users can upgrade to NewStable and choose to switch back to DAI at any time. 1 DAI = 1 NewStable (NST). The ecosystem will ultimately explore ways to differentiate between DAI and NewStable, with DAI focusing on native crypto use cases and NewStable targeting mass adoption. MKR can still be used to vote on governance proposals.
Share2024-08-23 07:14:24
Co-founder of alleged cryptocurrency scam OmegaPro arrested in Turkey with $160 million in seized assets
According to Turkish media reports, Andreas Szakacs, a co-founder of OmegaPro, which is believed to be involved in a cryptocurrency scam, was arrested in Turkey in July. The reports stated that Turkish authorities confiscated cold wallets and computers and traced $160 million worth of cryptocurrency transactions. Andreas Szakacs was arrested for his alleged involvement in a cryptocurrency Ponzi scheme that defrauded investors of $4 billion, according to Turkish media reports on Thursday.
Share2024-08-23 07:14:24
Reserve purchased 6.45 million CRV through market maker GSR Markets in the past 6 days
According to on-chain analyst Yu Jin's monitoring, decentralized stablecoin platform Reserve has purchased 6.45 million CRV (worth $2.03 million) through market maker GSR Markets in the past six days. In addition, Reserve was also one of the buyers of Curve founder's OTC sale last August: it spent $1 million to buy 2.5 million CRVs from the founder at a price of $0.4 per CRV. Currently, Reserve holds a total of 19.41 million CRVs ($6.38 million).
Share2024-08-23 07:14:22
BEBE Launches on Hotcoin: Sparking Overseas Market Frenzy
With BEBE launching on Hotcoin, users worldwide are eagerly anticipating its official debut and jointly exploring the infinite possibilities of the digital world. This burst of frenzy has already stirred up waves in the overseas market, attracting the attention of countless digital asset enthusiasts and innovators.
 
As an open, innovative digital platform, BEBE is committed to bringing users a new digital experience and a brand-new digital culture. Whether artists, gamers, investors, or ordinary users, everyone can find their role and value on BEBE. This openness and inclusiveness make BEBE a shining star in the digital world, highly favored and sought after by users.
 
Share2024-04-19 15:02:25
The Tricolor Foundation will open TC trading on December 9, 2023 at 20:00
BlockBeats news: On December 8th, Tricolor, a privacy focused Layer1 protocol, announced that TC will be officially launched on December 9th, 2023. Tricolor is a large-scale on chain mechanism experiment that can sustainably provide funding for public goods, especially those that are frequently underproduced or underfunded.
If there were no research and development of encryption primitives, including zero knowledge proofs, tools, learning resources, and other contributions from communities funded by Zcash, Rust, ZKP, interchain, and public goods, Tricolor would not exist.
Tricolor will be officially launched for trading on December 9, 2023 at 20:00. Participants can submit Tricolor transactions through pancakeswap and AVE. Tricolor adopts a fully circulating token issuance method, which transfers all issued TCs to the bottom pool and locks the pool for three years. Among them, 1% of the transaction slip points are destroyed, 1% LP dividends are distributed, and 3% of the ecological operation wallet is used.
Share2023-12-08 10:52:30
India's Supreme Court rejects cryptocurrency petition
India's Supreme Court has refused to consider a public interest lawsuit (PIL) aimed at establishing regulations and guidance frameworks for cryptocurrency transactions in India.
According to reports, judges led by India's Chief Justice (CJI) stated after hearing the appeal that the petitioners' demands were more legislative in nature.
Given the nature of the petition, judges JD Pardiwala and Manoj Misra rejected the request.
The Supreme Court noted that although the petitioners submitted a PIL calling for regulation and guidance on cryptocurrency and its transactions, their ultimate goal was to obtain bail.
Share2023-11-11 23:17:39
AMG Token Price Soars to a Maximum of $400, Dominates AVE Hot Searches for Many Days in a Row
The price of the AMG token has recently experienced a remarkable surge, climbing from $0.1 to $400, making it one of the most talked about tokens in the market. Considered to be one of the "10,000x coins" of 2023, the AMG token represents the Asta DAO ecosystem, which aims to fuse NFT culture, gamified finance, decentralised trading and innovative coin-issuing technology, attracting creative talent and blockchain finance enthusiasts from across the globe. Coin Market analysts are confident in the future of the AMG token, which is expected to break the $10,000 price barrier.


 
It is worth mentioning that AMG tokens have recently dominated the AVE Hotlist for several consecutive days, becoming a hot topic in the market. This further highlights the market's strong interest in AMG tokens and investors' high expectations for their potential value.
 
AMG contract address: 0xc956cb798ffd180ff340de51d344e483e12b5951
Share2023-11-05 21:12:21
AiStrat Intelligent Quantitative Trading Investment Official Live!
AiStrat's Intelligent Quantitative Trading Investment will officially launch at 00:00 GMT-4 on August 1, 2023. This is a crucial step towards providing the most advanced and efficient trading solutions for the blockchain sector. With this launch, users will be able to customize their participation based on their preferences, presenting an excellent opportunity for increasing returns and multiplying wealth. AiStrat firmly believes in the transformative power of AI technology in the world of trading, with the goal of providing robust, efficient, and profitable trading solutions. AiStrat warmly invites all users to take part in this and looks forward to embarking on this exciting new journey together. Invest wisely, multiply your wealth, and let us redefine the future of trading together!
Share2023-08-01 14:53:53
FintraDAO The Innovative Financial Solutions and Decentralized Financial Platform
FintraDAO is a blockchain project revolutionizing decentralized finance (DeFi) with its innovative financial solutions. At its core, the project's native token, FDC, empowers users to actively participate in community governance and decision-making processes, while enjoying a range of rewarding mechanisms.
Within the FintraDAO ecosystem, Trade GDT stands as a cutting-edge smart trading technology, enabling seamless, secure, and efficient transactions using the power of blockchain. By leveraging smart contracts and advanced blockchain algorithms, Trade GDT ensures the highest standards of transaction security and reliability.
As a Web3-powered project, FintraDAO is at the forefront of the blockchain revolution, delivering unparalleled financial solutions and establishing a trusted, decentralized trading platform. Join us in shaping the future of finance. For more details, reach out to our official team at hello@fintradao.io.
Share2023-07-07 14:18:05
A Look at the Fed's Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking
Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08 for every dollar deposited by customers. Although there appears to be a need for such a bank after the collapse of three major U.S. banks, the Federal Reserve stated that board members have “heightened concerns” about institutions with plans to focus solely on a narrow sector. (Bitcoin.com)
Share2023-03-27 14:31:27
G7 Nations Set to Push for Stricter Cryptocurrency Regulations at Japan Summit in May
Officials from the Group of Seven (G7) leading industrial countries will discuss regulations on cryptocurrencies to improve transparency and consumer protection as part of preparations for the next meeting of the group in Hiroshima, Japan, in May, Kyodo News reported on Sunday. The group aims to take the lead in setting global standards for emerging digital asset industries, the report said. Cryptocurrency-related issues will also be a part of the upcoming G20 meeting of finance ministers and central bank governors set to take place in Washington D.C this April, according to Kyodo. (forkast)
Share2023-03-27 14:31:04
China State-Owned Banks Turn Crypto-Friendly in Hong Kong
A number of Chinese state-owned banks’ branches in Hong Kong have started offering services to local cryptocurrency companies, Bloomberg reported on Monday, as the city welcomes a growing list of cryptocurrency and digital asset firms looking to expand or relocate to the city. Local companies in the crypto industry have traditionally had difficulties setting up corporate bank accounts, and the moves of these state-owned lenders reflect China’s backing in trying to boost the digital asset industry in Hong Kong, according to the report. (forkast)
Share2023-03-27 14:30:26
First Citizens Snaps up Silicon Valley Bank — Branches Open Monday
North Carolina-based First Citizens Bank is set to acquire all deposits and loans of Silicon Valley Bank, according to a statement from the Federal Deposit and Insurance Corporation (FDIC). Under the agreement, 17 former branches of Silicon Valley Bank will open as First Citizens Bank and Trust Company on Monday, March 27, while all depositors of SVB will automatically become depositors of First Citizens Bank. "As of March 10, 2023, Silicon Valley Bridge Bank, National Association, had approximately $167 billion in total assets and about $119 billion in total deposits. Today’s transaction included the purchase of about $72 billion of Silicon Valley Bridge Bank, National Association’s assets at a discount of $16.5 billion," said the FDIC in a statement. (Cointelegraph)
Share2023-03-27 14:30:06
$4M 'Exit Scam' Suspected as Kokomo Finance Flies off Radar, Token Plunges
Optimism-based lending protocol Kokomo Finance has been suspected of a $4 million “exit scam” that has seen user funds plucked out from the platform via a smart contract loophole. Blockchain security firm CertiK alerted its followers to the “exit scam” in a March 26 Twitter post, noting that the Kokomo Finance (KOKO) token has plummeted 95% in value in a matter of minutes. CertiK also noted that Kokomo Finance removed all social media accounts immediately following the alleged rug pull too. (Cointelegraph)
Share2023-03-27 14:29:50
Crypto-Friendly SVB Acquired by First Citizens Bank at 99% Discount
First Citizens Bank acquires Silicon Valley Bank (SVB) for $500 million. The crypto-friendly Silicon Valley Bank bank was worth $40 billion a year ago, now it’s acquired at a 99% discount. First Citizens BancShares will take over $119 billion in deposits.
 
First Citizens BankShares holding company of First Citizens Bank was in advance talks to acquire Silicon Valley Bank from the Federal Deposit Insurance Corp (FDIC) on Monday. The news of First Citizens acquiring SVB calmed investors’ concerns about the credit crunch and broader systemic banking crisis.
 
The 17 Silicon Valley Bridge Bank, National Association branches will open as First–Citizens Bank & Trust Company on March 27, 2023, FDIC revealed in a new release. The FDIC also said First Citizens Bank & Trust Co will buy all of Silicon Valley Bank‘s deposits and loans from the FDIC.
 
Silicon Valley Bridge Bank had approximately $167 billion in total assets and about $119 billion in total deposits by March 10. The acquisition includes the purchase of about $72 billion of Silicon Valley Bridge Bank’s assets at a discount of $16.5 billion. Moreover, the FDIC will continue to remain a receiver of $90 billion in securities and other assets.
 
According to the FDIC, the cost of the failure of Silicon Valley Bank to its Deposit Insurance Fund (DIF) is nearly $20 billion. The exact cost will be revealed after the termination of the FDIC receivership.
 
Meanwhile, Bitcoin liquidity has dropped to a 10-month low. The liquidity represents how easy it is to buy and sell cryptocurrency. While the Bitcoin price has increased by over 70% since the beginning of the year, the current banking crisis, inflationary pressure, and uncertain macro environment resist BTC price at $28,000.
Share2023-03-27 14:29:25
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