In this post: On November 14, Jerome Powell, the chairman of the Federal Reserve, stated that policymakers will be able to determine how quickly to cut interest rates if the U.S. economy continues to develop well. Powell contends that there are no indications from the economy that the Fed should be rushing to cut interest rates. The Fed chair claims that the current state of the economy enables the Fed to make cautious interest rate choices. Additionally, Powell stated that he is optimistic since the current economic growth was rated as the greatest of any major economy worldwide. Powell acknowledges that a strong economy allows the central bank to lower interest rates BREAKING: Fed Chair Powell says the Fed does not need to be "in a hurry" to reduce interest rates. He said, "the economy is not sending any signals that we need to be in a hurry to lower rates." Why did the Fed cut by 50 basis […]

In this post: The Polymarket CEO’s home in New York City was raided on suspicion of operating an illegal commodities exchange. Polymarket gained popularity with high-stakes bets on Trump’s victory in the 2024 election. “Théo” was a trader who bet $85 million on Trump winning. CEO of Polymarket criticizes FBI raid Shayne Coplan implied that he was writing from a new device after his previous one was confiscated when he said, “New phone, who dis?” in his first post following the raid. He even voiced his displeasure with the activities of the government. The Biden administration, according to Coplan, was making a “last-ditch effort” to target businesses they believed were connected to political rivals. He said Polymarket has a strong commitment to nonpartisanship. He suggested that the incumbents take stock of their actions and acknowledge that adopting a more pro-business, pro-startup stance might have been the difference that made the difference in this election. The CEO of Polymarket emphasized that millions of people had benefited from the platform throughout this election cycle and millions of people in this election cycle and caused no harm to anyone. Ultimately, he appears to be pleased to state that there has never been a more promising future for America, and American entrepreneurship in particular. The volatility of Polymarket’s trading The 2024 elections caused Polymarket’s rise to abruptly end, as its trade volume fell by 84%. Since the confirmation of Trump’s presidential victory, its daily active users have decreased by 53 percent. Massive activity occurred in the prediction market, which generated a total of $3.7 billion in election-related wagers. However, the platform’s activity is currently drastically declining as jackpot payouts are finished. […]

In this post: Tether CEO Ardoino declared in a post on X on November 11 that Tether’s Treasury has generated 2B USDT on the Ethereum Network in order to restock its stock. According to Ardoino, the USDT was approved but not yet released; it would be utilized for chain swaps and issuance upon the subsequent request or requests. On November 6th, the stablecoin issuer said that it will work with a large third-party exchange to carry out a chain swap. Without altering the overall quantity of USDT in circulation, Tether was transferring a portion of its USDT cold wallets from five distinct blockchains to USDT on the Ethereum blockchain. Specifically, Tether combined 60 M USDT from Avalanche, 300 M from NEAR, 75 M from CELO, 600 M from Avalanche, and 1B USDT from Tron. 2B USDT minted on ETH amid Tether’s big shift to boost liquidity The cryptocurrency world speculated after the Tether Treasury made 2 billion USDT on the Ethereum network. One of its tactics to increase liquidity on a platform with more Ethereum activity was the single-transaction reallocation of […]

In this post: Ki Young Ju, the CEO of CryptoQuant, has made an astonishing forecast about the price of Bitcoin at the end of 2024.  The market is anticipating more gains as Bitcoin finally reached a new all-time high of $77,252.75. Ki Young Ju, though, says the asset might let the market down. Bitcoin may turn around and close around $58,897 before the end of the year, per Ki Young Ju’s essay on X. But he included a disclaimer to indicate that he might be wrong about the prediction. His recent comment comes after Bitcoin made an impressive leap to hit a new all-time high of $77,252.75, per Coinmarketcap. CryptoQuant CEO predicts a 24% drop in Bitcoin’s price The CryptoQuant CEO’s prediction signals a 24% drop in the price of the asset before the end […]

In this post: With the state council’s consent, China’s Ministry of Finance announced that it will offer $2 billion in dollar-denominated bonds in Saudi Arabia the next week. The MOF of the Asian nation also stated that specifics of the issuance would be disclosed at a later date. On November 5, China’s finance ministry declared that, with state council permission, it plans to sell $2 billion of US sovereign bonds in Riyadh. It is anticipated that the action will assist the Chinese government in opening up its financial sector to global investors. How the BRICS de-dollarisation is going: China will issue $2 billion of dollar-denominated bonds in Saudi Arabia next week. https://t.co/J2Dvwr3yUE — adam wolfe (@adamkwolfe) November 5, 2024 China to issue dollar bonds in Saudi Arabia after three years hiatus Since 2021, China has made Saudi Arabia its preferred country for issuing dollar bonds, demonstrating the nations’ dedication to fortifying their diverse relationships. The crown prince of Saudi Arabia, Mohammed bin Salman, stated that he hopes Chinese investment would help realize his 2030 modernization program. […]

In this post: Regarding the Coinbase fee structure for listing cryptocurrency assets on the exchange, Justin Sun raises concerning assertions. He claimed that he was required to pay 500 million TRX, or roughly $80 million, to the largest cryptocurrency exchange in the US. This contradicts recent remarks made by Coinbase CEO Brian Armstrong, who implied […]

In this post: Following Judge Katherine Polk Failla’s decision on November 1, the trial of Roman Storm, a co-founder of Tornado Cash, has been rescheduled for April 2025, four months later than originally planned. In order to give the parties time to exchange information on the expert witnesses they could call to settle their differences, […]

In this post: Through Chainlink’s scale initiative, the HBAR Foundation has become a part of the Chainlink ecosystem. Chainlink Data Feeds and Chainlink CCIP will be integrated on the Hedera testnet as part of the partnership to provide developers with the variety of services they need to create feature-rich dApps. The organization that drives advancements […]

In this post: For the first time since June, Bitcoin (BTC) broke through $71,000, making headlines. What is propelling this bullish run close to a record high? Is it the significant inflows into Bitcoin ETFs or the rumors swirling around the US election next week? As the entire value of digital assets increased by 5% […]