CFTC partners up to warn on crypto pig butchering scams
Multiple US federal agencies have come together to distribute an infographic on crypto pig butchering to help Americans recognize and avoid the scam.
Multiple US federal agencies have come together to distribute an infographic on crypto pig butchering to help Americans recognize and avoid the scam.
According to BlockBeats, Citibank has forecasted that the Federal Reserve will reduce interest rates by 25 basis points in September. Additionally, the bank anticipates further rate cuts of 50 basis points each in November and December, as per Bloomberg Terminal data.
According to Odaily, ClearBridge Investments' investment strategy analyst Josh Jamner has indicated that today's Consumer Price Index (CPI) report is likely to disappoint the short-term bond market. The market has already anticipated that the Federal Reserve will cut interest rates by more than 250 basis points by the end of 2025. Jamner noted that while today's less favorable news will not prevent the Federal Reserve from beginning to normalize its interest rate policy next week, it may lead to a reframing of the ongoing debate.Further indications suggest that inflation may be more persistent than previously thought, which could result in a slower and smaller rate-cutting cycle.
According to BlockBeats, the United States' Consumer Price Index (CPI) for August, unadjusted for seasonal variations, recorded an annual rate of 2.5%. This marks the fifth consecutive month of decline and the lowest level since February 2021. The figure came in below market expectations, which had anticipated a rate of 2.6%.
According to Odaily, a spokesperson for the European Banking Authority (EBA) has indicated that standards governing how stablecoin issuers like Tether and Circle operate within the European Union (EU) are likely to be finalized by the end of the year. These standards are part of 15 technical standards submitted by the EBA to the European Commission, developed in collaboration with the European Securities and Markets Authority (ESMA). The Commission is currently reviewing these standards and will decide whether to adopt the text as is or request modifications. The standards address issues such as authorization, stress testing, and methods for estimating transaction volume and value.
According to Odaily, the United Arab Emirates' Securities and Commodities Authority (SCA) and Dubai's Virtual Assets Regulatory Authority (VARA) have announced an agreement that will enable mutual supervision of virtual asset service providers (VASPs) within the country. Under this agreement, VASPs operating in Dubai and seeking VARA licensing will automatically be registered with the SCA, allowing them to serve the broader UAE market. However, the SCA clarified that VASPs wishing to operate in emirates outside of Dubai must still obtain permission from the respective regulatory authorities.
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