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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
September 15, 2024 Weekly: Latest Updates and Insights Harris-Trump Debate Skips Cryptocurrency Discussion Amid Election Controversy: The first presidential debate between Donald Trump and Kamala Harris notably omitted any mention of cryptocurrency, despite its significance in the upcoming election. While Trump is perceived as more favorable toward the crypto industry, Harris has begun engaging with
September 08, 2024 Weekly: Latest Updates and Insights Binance Bans Former CEO CZ for Life From Managing the Exchange but There’s a Catch: Binance’s former CEO, Changpeng Zhao (CZ), has been permanently banned from holding any key positions within the exchange following his release from prison on September 29. Although he cannot manage the company
September 01, 2024 Weekly: Latest Updates and Insights Pavel Durov’s Arrest in France: A Controversial Detention: Pavel Durov, the CEO of Telegram, was arrested in France amid allegations that his platform facilitated illegal activities, including the distribution of child sexual abuse material and drug trafficking. Durov has criticized the arrest as misguided, arguing that authorities
August 25, 2024 Weekly: Latest Updates and Insights Telegram CEO Pavel Durov Arrested, TON Price Plummets: Pavel Durov, CEO of Telegram, was arrested in France due to a warrant related to the platform’s insufficient moderation and lack of cooperation with law enforcement regarding a complaint from France’s OFIM. Following the news, the price of TON
Nearly six years have passed since the first on-chain liquidity was recorded on July 1, 2018. This milestone marked the beginning of a new era in decentralized finance. Since then, the amount of locked liquidity has grown exponentially, reflecting DeFi’s significant impact. DeFi is a rapidly progressing technology that has undergone significant development during the
DeFi Poses Challenges Read More »
August 19, 2024 China Restricts Strategic Mineral Exports: China has announced plans to limit exports of certain strategic minerals starting in 2024. The move is expected to impact global supply chains and prices for these critical resources. The decision highlights China’s growing assertiveness in managing its natural resource assets and the potential for increased geopolitical
August 18, 2024 Weekly: Latest Updates and Insights US Economic Indicators for July 2024: In July 2024, the US reported a seasonally adjusted core Consumer Price Index (CPI) increase of 0.2%, aligning with expectations and up from a previous value of 0.1%. The unadjusted CPI year-on-year rate stood at 2.9%, slightly below the anticipated 3.0%,
