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October 27, 2024 Weekly: Latest Updates and Insights Tether CEO Confirms No IPO Plans for Now: Tether’s CEO, Paolo Ardoino, has announced that the company currently has no intentions of pursuing an Initial Public Offering (IPO). He emphasized that Tether is focused on its core business and exploring growth opportunities without the need for public […]
October 21, 2024 Development Timeline of the AxEMU Spacesuit: The AxEMU spacesuit, developed by Axiom Space in collaboration with Prada, is on track for the Artemis III mission scheduled for 2026. Key milestones include passing the preliminary design review and entering critical design phases, with ongoing underwater testing to simulate lunar conditions. This rapid development
October 21, 2024 Weekly: Latest Updates and Insights The Future of Digital Assets: Insights from Laurence Fink: Laurence Fink emphasizes that the acceptance of digital assets like Bitcoin and Ethereum is becoming increasingly mainstream, driven by global institutional conversations about asset allocation. He believes that the growth of these assets will depend more on liquidity
October 14, 2024 Taiwan’s Energy Crisis and Semiconductor Industry Risks: Taiwan is facing a significant energy crisis that threatens its semiconductor industry, which is heavily reliant on electricity for production. With over 97% of its energy imported, primarily from coal and gas, the island is vulnerable to supply disruptions, exacerbated by underpriced electricity leading to
October 14, 2024 Weekly: Latest Updates and Insights Vitalik Buterin Nominated for Nobel Prize in Economics: Economist Tyler Cowen has nominated Ethereum creator Vitalik Buterin for the Nobel Prize in Economics, praising his groundbreaking contributions to cryptocurrency and monetary theory. Cowen emphasized Buterin’s innovative transition of Ethereum from proof-of-work to proof-of-stake as a remarkable feat
October 07, 2024 Breakthrough in Laser Technology: The World’s Most Powerful Sound Laser: Chinese scientists have unveiled the world’s most powerful sound laser, a significant advancement in phonon laser technology that offers ten times the brightness of previous models. This innovative device operates continuously for over an hour, utilizing a silica microbead to generate and
October 06, 2024 Weekly: Latest Updates and Insights Powell Advocates for Continued Rate Cuts to Support Economic Stability: Federal Reserve Chair Jerome Powell announced plans for further interest rate cuts to foster a “soft landing” for the U.S. economy, following a significant reduction in September. He emphasized that while the economy is generally strong, future
September 30, 2024 China Implements Stimulus Measures to Revitalize Ailing Economy: China has announced significant stimulus measures, including a reduction in the reserve requirement ratio and interest rates, aimed at boosting its struggling economy and addressing challenges such as deflation and high youth unemployment. The People’s Bank of China (PBOC) plans to inject approximately 1
September 29, 2024 Weekly: Latest Updates and Insights China Unveils Comprehensive Stimulus Package to Revive Economy: China’s central bank has launched a broad stimulus initiative, including cuts to reserve requirement ratios and interest rates, aimed at rejuvenating its struggling economy and supporting a growth target of around 5% for 2024. Key measures focus on revitalizing
September 23, 2024 Weekly: Latest Updates and Insights Federal Reserve lowers interest rates by 0.50 percentage points in first cut since 2020: The Federal Reserve has announced a rate cut to 0.5%, lower than the anticipated 0.25%, marking the first decrease since March 2020. Median predictions indicate two 25-basis-point cuts in 2024, totaling a 100-basis-point
