Investment Learning

  • July 11, 2024

Traders Anticipate A Possible Third Rate Cut By The Federal Reserve Following CPI Data Release

According to Odaily, following the release of the Consumer Price Index (CPI) data, traders are predicting a 25% chance of the Federal Reserve implementing a third 25 basis point rate cut within the year. This speculation is based on the recent economic indicators and the central bank's monetary policy. The Federal Reserve has already implemented two rate cuts this year in an attempt to stimulate the economy. The potential third cut would further decrease the cost of borrowing, potentially stimulating further economic growth. However, it's important to note that these are predictions and the actual decision will depend on various factors including the state of the economy and inflation rates.

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  • July 11, 2024

US Initial Unemployment Claims Drop to 222,000

According to BlockBeats, the number of initial unemployment claims in the United States for the week ending July 6th was 222,000. This figure is lower than the anticipated 236,000 and the previous value of 238,000. The decrease in initial unemployment claims suggests an improvement in the US job market. However, the exact impact of this decrease on the overall economy is yet to be determined. Further analysis and monitoring of the job market trends are required to understand the full implications of these numbers.

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  • July 11, 2024

Bankrupt Terraform Labs Seeks To Sell Four Subsidiaries To Settle With SEC

According to PANews, Terraform Labs, currently in bankruptcy, is looking to sell its four subsidiaries in order to fulfill a $4.5 billion settlement agreement with the U.S. Securities and Exchange Commission (SEC) and gradually cease operations. The four companies in question are Pulsar Finance, a portfolio tracking platform, Station, a cryptocurrency wallet platform, Enterprise, a no-code decentralized autonomous organization (DAO) management platform, and Warp, a smart contract automation protocol.

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  • July 10, 2024

US Federal Reserve Chairman Discusses Impact of SAB 121 on Digital Asset Custody

According to Odaily, Jerome Powell, the Chairman of the US Federal Reserve, testified before the US House Financial Services Committee on Wednesday. During the session, Congressman Josh Gottheimer questioned Powell about the US SEC's Staff Accounting Bulletin (SAB) 121. This directive requires banks to include digital assets held in custody in their balance sheets, significantly increasing the cost of providing digital asset custody services.Gottheimer referred to Powell's previous statement that custodial assets do not belong on balance sheets and have always been treated as such. Powell generally confirmed this stance but refrained from commenting on the SEC's policy, stating that it falls within the SEC's jurisdiction. Critics argue that SAB 121 weakens banks' ability to provide secure digital asset custody, pushing these services towards entities with less regulation and increasing consumer risk.Lawmakers have proposed overturning SAB 121 due to its negative impact. Despite the US Congress passing the first standalone cryptocurrency legislation to overturn SAB 121, President Biden vetoed the bill, emphasizing the need to establish a regulatory framework for digital assets.

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