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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."

2024-08-23 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."

2024-08-23 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.

2024-08-23 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.

2024-08-23 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.

2024-08-23 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.

2024-08-23 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.

2024-08-23 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).

2024-08-23 07:14:22

Hotcoin to Launch HashPowerCard (HPC) Trading on July 8 at 15:33

According to an official announcement from Hotcoin, HPC/USDT trading will be available starting July 8, 2024, at 15:33 (UTC+8), and the HPC deposit and withdrawal services are already open.

HashPowerCard (HPC) is a computing power card for the Smart Chain ecosystem. Smart Chain is initiated by the Smart Chain Foundation and supported by multiple institutions including the BCH Ecosystem Foundation and the Davos Foundation. It uses the latest POCA consensus mechanism and is built on blockchain technology to create a high-performance supercomputing public chain that covers edge computing, distributed computing, and distributed storage. The goal is to build a more complete, large-scale, cost-effective, and efficient public chain ecosystem.

2024-07-08 16:19:05

Hotcoin to Launch Phecda (PCD) Trading on July 10 at 18:00

According to an official announcement from Hotcoin, PCD/USDT trading will be available starting July 10, 2024, at 18:00 (UTC+8), and PCD deposit and withdrawal services will open on July 11, 2024, at 18:00 (UTC+8).

Phecda is a highly scalable PoS blockchain that integrates various blockchain technology advantages such as the Phecda-Staking-Derivative Bridge, balanced PoS consensus, high TPS, and decentralized security. It leverages these features to achieve over 10,000 TPS, 3-second finality, and minimal fees. With PoS support provided by miners who aggregate and reward global node holders, Phecda achieves true decentralization. In the future, Phecda will expand further in both hardware and software and continue to explore new ecosystems.

2024-07-08 15:01:45

Hotcoin to Launch DEPaaS (DE) Trading on July 5 at 18:00

According to an official announcement from Hotcoin, DE/USDT trading will open at 18:00 (UTC+8) on July 5, 2024. Deposits and withdrawals for DE will also be available starting at 18:00 on July 5, 2024.

DEPaaS is a next-generation global ecosystem public chain focused on Web3. It integrates wallets, DEChats, information, e-commerce, DESwap, and more, aiming to build a secure, efficient, and scalable blockchain infrastructure that leads industry innovation and development. DE is the mainnet token of the DEPaaS network.

2024-07-01 18:32:42

BEBE's Future Looks Promising: Opening a New Chapter in the Digital Age

BEBE is committed to providing users with a broader digital experience and infinite possibilities. By adopting decentralized architecture and DePIN, it has empowered users with higher data security and transparency. Through DePIN, users can easily manage various digital assets, conduct secure and efficient transactions, and enjoy the convenience brought by smart contract technology.

BEBE's chain gaming section, combined with DePIN, will continue to introduce innovative gameplay and game design, bringing users a brand-new gaming experience. By integrating with blockchain technology, BEBE explores new possibilities for the gaming industry, providing users with a more diverse and enjoyable digital gaming experience.

BEBE has opened the DePIN track to provide users with a secure, transparent, and efficient digital platform, allowing them to better manage and trade digital assets, and explore the infinite possibilities of the digital world.

2024-04-19 14:57:42

Hotcoin Will Launch XRPP（XRPP） Trading at 15:00（GMT+8) on Feb.5th

According to the official announcement,Hotcoin will enable the trading of XRPP/USDT currency pair at 15:00 (GMT+8) on Feb.5th,2024.The deposits of XRPP will be available at 15:00 (GMT+8) on Feb.4th,2024. And withdrawals of XRPP will be enabled at 15:00 (GMT+8) on Feb.6th,2024.

XRPP is an innovative banking technology solution protocol public blockchain focused on the cryptocurrency field.XRPP improves global feasibility and fairness by creating an inclusive, streamlined and sustainable financial system. XRPP continues to improve itself within the existing financial system, simplifying its underlying infrastructure and enabling convenient and efficient management mechanisms through shared governance with its users. XRPP also works with national regulators, governments and banks to ensure that the XRPP ecosystem is not only healthy and stable, but also safe and compliant.

2024-02-01 16:04:29

Hotcoin Will Launch OORT（OORT） Trading at 20:00（GMT+8) on Feb.1st

According to the official announcement,Hotcoin will enable the trading of OORT/USDT currency pair at 20:00 (GMT+8) on Feb.1st,2024.The deposits & withdrawals of OORT will be available at 18:00 (GMT+8) on Feb.1st,2024.

OORT is a decentralized cloud designed for data privacy and cost savings. By integrating global compute and storage resources, we provide AI solutions to enhance business operations. By 2023, OORT has established one of the world's largest decentralized cloud infrastructure covering over 100+ counties and generated multi-million dollar revenues.

2024-01-30 15:16:09

Hotcoin will launch GOLDEN CHAIN（GSOC）trading at 20:00 (GMT+8) on January 21th

Hotcoin will soon be listing GSOC/USDT currency pair, the specific details are listed as following:

Trading Starts：
20:00（GMT+8）,Jan.21th,2024

Deposits Withdrawals：
19:00（GMT+8）,Jan.21th,2024

GSOC (GSOC is issued as collateral with trading assets, opening up a new field for RWA) to create Web3 financial infrastructure GOLDEN CHAIN, and create the world's largest decentralized financial aggregation platform through technology iteration, value empowerment, and ecological development.

2024-01-20 16:41:43

Hotcoin will launch Etntpow (ETNT) trading at 13:00 (GMT+8) on January 15th

Hotcoin will soon be listing ETNT/USDT currency pair, the specific details are listed as following:

Trading Starts：
13:00（GMT+8）,Jan.15th,2024

Deposit Starts：
13:00（GMT+8）, Jan.14th,2024

Withdrawal Starts:
13:00（GMT+8）, Jan.16th,2024

ETNT is a type of hard fork token of Ethereum, which was developed based on the PoW consensus mechanism of Ethereum network. ETNT retains the core principles of Ethereum, including the decentralization, transparency and security. It’s providing a more efficient and fair mining mechanism through the introduction of advanced mining algorithms, allowing existing graphics card devices to sustain the PoW mining. ETNT is committed to driving further optimization of the Ethereum ecosystem and providing sustainable participation opportunities for the global mining community.

2024-01-15 11:42:25

Hotcoin Will Launch Retail Alliance（RALC） Trading at 14:13(GMT+8) on Nov.25th

According to the Hotcoin official announcement,Hotcoin will enable the trading of RALC/USDT currency pair at 14:13(GMT+8) on Nov.25th,2023. The deposits & withdrawals of RALC will be available at 14:30 (GMT+8) on Nov.25th,2023.

Retail Alliance-We are all unknown members in the industry, we don't represent any organizations or professional players, we are just ordinary retail investors in this industry. At present, the whole industry is filled with a large number of over-packaged or exaggerated brand designed institutions and image-designed KOLs, retail investors should unite and declare the return of grassroots and wildness, showing the most original blockchain spirit.

2023-11-23 15:26:40

Hotcoin Has Enabled Mecca Token（MCA）Trading at 20:00(GMT+8) on Nov.17th

According to Hotcoin official announcement, the MCA/USDT currency pair has listed on Hotcoin at 20:00(GMT+8) on Nov.17th ,2023. The opening price of MCA was 0.0001 USDT and spiked to 1 USDT within 15 minutes of going live.

Mecca Token（MCA） is the mainstream currency in Mecca Funds' commitment to driving the development of cryptocurrency ETF into Asia's leading NFT asset trading platform. Our mission is to break the boundaries between traditional finance and digital assets, providing investors with more diversified choices and a more convenient trading experience.

2023-11-20 19:04:30

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.

2023-11-11 23:17:53

Hotcoin Will Launch String Magnetic Protocol（SMP）Trading at 20:00（GMT+8) on Oct.25th

Hotcoin will enable the trading of SMP/USDT currency pair at 20:00(GMT+8) on Oct.25th,2023. The deposits & withdrawals of SMP will be available at 17:00 (GMT+8) on Oct.24th,2023.

String Magnetic Protocol (SMP) is a next-generation algorithmic mining platform supported by Zero-Knowledge Proofs (ZPK) protocol. Its mining technology and smart contract integration employ a revolutionary approach, enabling every CPU to participate. SMP supports diverse functions such as mining with mining rigs, liquidity mining, DAO communities, and more. SMP is committed to fundamentally changing the mining industry by enhancing security and transparency.

2023-10-24 20:24:28