According to Jin Ten, China Galaxy Securities released a research report showing that considering the performance of the US economy at the end of 2024 and the current economic data, the US economy has shown a certain growth momentum and resilience. Since taking office on January 20, Trump has quickly signed a series of executive orders. His policy style emphasizes protectionism and economic nationalism, but he often bypasses Congress to advance the agenda through executive orders, so his implementation process also faces many political and legal resistance. Taking these factors into account, it is expected that the Federal Reserve will take a more cautious path of interest rate cuts in 2025, with interest rate cuts ranging from 0.25% to 0.50% for the whole year.
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According to the DeFi Education Fund, the SEC Crypto Working Group held a roundtable on "DeFi and the American Spirit" today. At the beginning of the roundtable, SEC Chairperson Atkins talked about how decentralized finance (DeFi) fits with American values: "The American values of economic freedom, private property rights, and innovation are the hallmarks of the decentralized finance (DeFi) movement...
Amazon plans to invest at least $20 billion in Pennsylvania to expand data center infrastructure to support artificial intelligence and cloud computing technologies. The towns of Salem and Falls are the first locations. The investment plan will create 1,250 new high-skilled jobs.
The Paraguayan government says its president's X account has been subject to unusual activity and may have been hacked, and is investigating.
Previously, the president of Paraguay said that the country has made bitcoin a legal tender.
US President Trump: "We made a great decision to send the National Guard to deal with the violent unrest that was happening in California. If we didn't, Los Angeles would be utterly destroyed. The extremely incompetent" Governor "Gavin Newsom and" Mayor "Karen Bass should have said (to me)," Thank you, President Trump, you are amazing. "Instead, however, they chose to deceive the people of California and the American people by saying that he...
Pavel Durov, founder of Telegram, wrote on his personal channel that "the price of Collectible Gifts on the Telegram platform has risen sharply in the past 30 days, making TON the blockchain with the highest average daily transaction volume on the NFT chain, excluding off-chain transactions, second only to Ethereum."
Higher borrowing costs will hit US companies as the impact of the Fed's delayed rate cuts widens further in the future, Deutsche Bank strategists wrote. Deutsche Bank wrote: Currently, expectations of a soft landing have led to most defaults in the form of non-performing asset exchanges and higher collection rates. But against a backdrop of above-target inflation, high policy uncertainty and rising sovereign term premiums, the likelihood of a soft landing is declining. "Deutsche Bank believes th...