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Share link:In this post: Steven Miran and James Bullard both said Trump’s tariffs are not causing inflation. Miran has been nominated to fill a vacant Fed board seat after Adriana Kugler’s resignation. Bullard is a contender to replace Jerome Powell as Fed chair next year and expects rate cuts starting in September.
Share link:In this post: Genius Group plans a secondary stock listing in Asia, with South Korea as the top choice. The move aims to boost liquidity, enable fairer pricing, and allow near 24-hour trading. Other possible listing locations include Australia, Malaysia, Thailand, Hong Kong, and Japan.
Share link:In this post: Fenwick & West, a prominent Silicon Valley law firm, is being sued for allegedly aiding in FTX’s fraud. The case is part of a broader investigation into the practices of FTX and its affiliates, with multiple parties seeking accountability. Another lawsuit targeted Sullivan & Cromwell last year, which billed $8.5 million in fees while serving as primary counsel during the 16 months preceding FTX’s collapse.
Share link:In this post: Belarusian central bank drafts rules permitting crypto payments. Governor Golovchenko makes an announcement after meeting with Lukashenko. Minsk faces sanctions of the kind that convinced Moscow to start using cryptocurrencies.
Share link:In this post: The S&P 500 closed at a record 6,445.76, and the Nasdaq hit 21,681.90 after July inflation came in softer than expected. July CPI rose 2.7% annually, below the 2.8% forecast, while core CPI increased 3.1%. Traders now see a 94% chance of a September Fed rate cut, with more cuts likely in October and December.
$BIO is skyrocketing, what should we be watching for?
Bitcoin Cash holds firm amid market sell-off, with a key liquidity zone at $603 potentially triggering more upside.
