Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today
Search results for "MAY"
16:59

Investors' attitude towards the US dollar has turned neutral for the first time, ending an eight-month bearish trend.

According to ChainCatcher news and Jin10 reports, the latest global investor survey from Bank of America shows that investors' exposure to the US dollar has shifted to neutral for the first time since the beginning of the year, ending an eight-month bearish trend. The Bank of America team stated that this may partly reflect year-end risk constraints, while the absence of US data may also play a certain role. As data returns, market Fluctuation may intensify.
More
16:05

A former CFO of a software company was convicted of fraud after embezzling $35 million to invest in Decentralized Finance and losing it all.

PANews, November 15 - According to Decrypt, Nevin Shetty, the former CFO of a software company in Washington State, was found guilty by a federal jury on four counts of telecommunications fraud for unlawfully transferring $35 million of company funds into his self-built encryption platform and investing in high-risk Decentralized Finance protocols. Shetty secretly moved company funds after learning he would be fired in 2022, initially making a profit of about $133,000, but his investments nearly dropped to zero after the Terra ecosystem collapsed in May 2022. He later admitted to his actions and was terminated by the company. Shetty is scheduled to be sentenced in February next year and could face up to 20 years in prison.
More
LUNA2.86%
  • 1
  • 4
15:28

Fed's Schmied: Further rate cuts may have a lasting impact on inflation.

Fed official Schmied stated that interest rate cuts may affect inflation, emphasizing the need to follow the overall inflation rate and the labor market. Despite overheating inflation and a cooling labor market, policies remain balanced, and adjustments to the short-term securities portfolio are expected. He supports halting the reduction of the balance sheet and remains vigilant about inflation expectations.
More
  • 1
13:05

The US SEC has issued guidance on the handling of documents after shutdown, which may accelerate the effectiveness of multiple encryption ETFs.

According to Bloomberg analysts, the SEC received over 900 registration filings during the government shutdown and is accelerating the processing. Registration statements without a delay of effectiveness clause can automatically take effect after 20 days, which may prompt some encryption ETF issuers to expedite their listings, with Bitwise's XRP ETF possibly becoming the next batch of candidates.
More
XRP0.04%
  • 2
10:43

The EU plans to promote unified regulation of all encryption activities within the region by ESMA.

According to Foresight News and Bloomberg, the European Commission plans to empower the European Securities and Markets Authority (ESMA) to conduct unified regulation of all encryption asset service providers operating in the EU and be responsible for authorization. The draft indicates that ESMA may delegate tasks to national regulatory authorities when necessary. These draft plans must also be approved by the European Parliament and the Council of Member States. Currently, encryption asset service providers only need to obtain approval in one member state to operate throughout the EU under the 2023 MiCA rules.
More
10:00

Alibaba's Cross-Border Division plans to launch an AI subscription service and a stablecoin payment system.

PANews, November 14th - According to a report by CNBC, Alibaba Group Holding Ltd.'s cross-border e-commerce division is planning to launch an AI-based subscription service and is collaborating with JPMorgan Chase & Co. to trial a payment solution "similar to a stablecoin," aimed at enhancing cross-border settlement efficiency. This plan may allow customers to use this digital payment tool for international trade and service transactions, thereby dropping the risks associated with exchange rate fluctuations and settlement times.
More
  • 1
09:39

AIA (DeAgentAI) fell 17.67% in the last 24 hours.

Gate News Bot News, on November 14, according to CoinMarketCap data, as of the time of writing, AIA (DeAgentAI) is currently priced at $1.10, having fallen 17.67% in the last 24 hours, with a high of $25.52 and a low of $1.07, and a 24-hour volume of $28 million. The current market capitalization is approximately $143 million, a decrease of about $30.64 million compared to yesterday. Important news about AIA recently: 1️⃣ **AIA price fell sharply** The AIA price continues to fall, briefly dropping below $6 on November 8, a decline of over 75% from its peak. This significant drop reflects the market's increasing bearish sentiment towards AIA, which may undermine investor confidence. 2️⃣ **Large trader trading trends attract attention** A well-known trader is concerned on the Binance platform.
More
AIA-13.42%
  • 1
08:36

F (SynFutures) rose 2.53% in the last 24 hours.

Gate News Bot news, on November 14, according to CoinMarketCap, as of the time of writing, F (SynFutures) is currently priced at 0.01 USD, having risen 2.53% in the last 24 hours, with a peak of 0.01 USD and a low of 0.01 USD. The current market capitalization is approximately 33.2 million USD, an increase of 821,000 USD compared to yesterday. F Recent Important News: 1️⃣ **Conflux Network launches USD₮0 and CNH₮0 stablecoins** Conflux Network has successfully deployed two stablecoins: USD₮0 and CNH₮0. This move enriches the DeFi infrastructure of the Conflux ecosystem, providing users with more options for trading and value storage. As a project in the derivatives sector, SynFutures may
More
F4.97%
CFX0.28%
CFG-4.38%
SAFE-7.35%
  • 1
08:14

JD Vance: Due to leading the government shutdown, Democrat Chuck Schumer's political career may come to an end.

BlockBeats news, on November 14, JD Vance stated in an interview with Fox News that Democrats and Senate leader Chuck Schumer are likely to end his entire political career due to "leading the government shutdown." JD Vance claimed that Schumer "has worked harder than anyone to cause the government shutdown." Chuck Schumer faced a devastating defeat this week, and reports have indicated that he will not run in the 2028 election.
More
06:40

SUI (Sui) fell 11.01% in the last 24 hours.

Gate News Bot news, on November 14, according to CoinMarketCap, as of the time of writing, SUI is currently priced at $1.81, a fall of 11.01% in the last 24 hours, with a high of $2.22 and a low of $1.77. The 24-hour volume reached $1.268 billion. The current market capitalization is approximately $6.669 billion, a decrease of about $825 million compared to yesterday. Important news about SUI recently: 1️⃣ **Sui ecosystem security risks highlighted** The official SUI warning states that the social media accounts of the ecological project Aftermath have been compromised, urging users to suspend all interactions with the account until the official restoration of control. This incident highlights the challenges that blockchain projects face in terms of security management, which may negatively impact investor confidence. 2️⃣ **Sui生
More
SUI-1.55%
06:38

Société Générale: The US government restart may trigger greater Fluctuation in the interest rate market.

According to ChainCatcher news and Jin10 reports, a strategist for Société Générale's interest rate strategy pointed out in a report that as the U.S. government ends its shutdown, interest rate volatility may rise again, with U.S. Treasury rates leading the fluctuations. The strategist expects that U.S. dollar rates will exhibit the most significant volatility and maintains a positive outlook on U.S. Treasuries over German bonds. They emphasized that the upcoming inflation and employment reports are crucial for shaping the market's expectations regarding the Fed's interest rate path, and may break through the recent volatility range.
More
05:51

ADA (Cardano) fell 7.69% in the last 24 hours.

Gate News Bot message, on November 14, according to CoinMarketCap data, as of the time of writing, ADA (Cardano) is currently priced at $0.52, having fallen 7.69% in the last 24 hours, with a high of $0.61 and a low of $0.51. The 24-hour volume reached $1.168 billion. The current market capitalization is approximately $18.591 billion, a decrease of about $1.549 billion compared to yesterday. Important news about ADA recently: 1️⃣ **Significant price correction raises market concerns** ADA has seen a significant fall in the past 24 hours, quickly retreating from around $0.60 to $0.52, a drop of 7.69%. This noticeable price correction reflects a sudden shift in market sentiment, which may raise investors' concerns about the short-term prospects of the Cardano project. 2️⃣ **
More
ADA-0.92%
  • 2
  • 1
05:38

XPL (Plasma) fell 9.19% in the last 24 hours.

Gate News Bot news, on November 14, according to CoinMarketCap data, as of the time of writing, XPL (Plasma) is currently priced at 0.23 USD, with a 9.19% fall in the last 24 hours, reaching a high of 0.35 USD and a low of 0.23 USD. The current market capitalization is approximately 423 million USD, a decrease of about 42.76 million USD compared to yesterday. Important news about XPL recently: 1️⃣ **Transfer of XPL token custody rights, enhancing asset security** The Plasma plan aims to transfer the custody of XPL tokens to Anchorage, a federally chartered crypto bank in the United States, within 48 hours. This move is intended to enhance the security and compliance of XPL tokens, potentially boosting investor confidence. However, in the short term, it may raise market concerns about the token's liquidity, affecting price performance. 2️⃣ *
More
XPL0.25%
  • 2
  • 1
04:13

White House officials: Some key economic data in the U.S. for October may be permanently lost.

On November 14, American economists expressed concerns that the inflation and unemployment data for October might be permanently lost due to the government shutdown. Chief Economic Advisor Hassett confirmed that the unemployment rate will not be published, but the estimates for job creation will still be calculated. It remains unclear whether the Consumer Price Index will be released.
More
04:08

El Salvador has increased its holdings by 8 Bitcoins in the past 7 days.

According to a report by Golden Finance, data from the El Salvador Ministry of Finance shows that El Salvador continues to increase its holdings by 1 Bitcoin daily, currently holding 6,380.18 Bitcoins, with a holding value of approximately 630 million USD, having added 8 Bitcoins in the past 7 days. As BTC declines, El Salvador's Bitcoin investment currently has a floating profit of $317 million, returning to the levels of April-May this year.
More
BTC-2.8%
03:13

Alliance DAO co-founder: The top of the 4-year encryption cycle is emerging, and the AI bubble in the U.S. stock market will dominate the rise and fall.

Alliance DAO co-founder QwQiao is uneasy about the crypto market, believing that despite macro factors supporting the market, the overall trend suggests it may be coming to an end. He sees AI as a dominant factor in the U.S. stock market and warns that if the AI bubble bursts, the market will face the risk of collapse. At the same time, he is optimistic about the rise potential of stablecoin startups.
More
BTC-2.8%
  • 3
  • 1
  • 1
03:03

EVAA (EVAA Protocol) rose by 10.68% in 24 hours.

Gate News Bot news, on November 14, according to CoinMarketCap data, as of the time of writing, EVAA (EVAA Protocol) is currently priced at 1.86 USD, having risen 10.68% in the last 24 hours, with a highest of 2.74 USD and a lowest of 1.51 USD. The 24-hour volume has reached 29.4 million USD. The current market capitalization is approximately 12.3 million USD, an increase of 1.19 million USD compared to yesterday. Important news about EVA recently: 1️⃣ **Successfully completed private token sale** EVAA Protocol recently raised $2.5 million in a private token sale. The funds will be used to further develop and expand its DeFi lending services within the TON ecosystem. The success of this funding round indicates investor confidence in the EVAA project, which may be driving its recent price rise.
More
EVAA-16.45%
TON-3.75%
01:24

BDXN (BONDEX) rose 26.97% in the last 24 hours.

Gate News Bot news, on November 14, according to CoinMarketCap data, as of the time of writing, BDXN (BONDEX) is currently priced at $0.09, rising 26.97% in the last 24 hours, reaching a high of $0.10 and a low of $0.06. The current market capitalization is approximately $147,000, an increase of nearly $31,200 compared to yesterday. BDXN is currently ranked 929th in the global Crypto Assets market capitalization. Important news about BDXN recently: 1️⃣ **Increase in market attention** BDXN has recently attracted the attention of multiple Crypto Assets data platforms, including well-known platforms like CoinMarketCap and CoinDesk, which have conducted market tracking and analysis on it. This increased visibility may attract more investors' attention, thereby
More
BDXN-23.75%
  • 1
  • 1
23:03

The Federal Deposit Insurance Corporation is developing guidelines for tokenization of deposit insurance.

PANews, November 14 - According to a report by Bloomberg, the head of the Federal Deposit Insurance Corporation (FDIC) stated that the agency is developing tokenization deposit insurance guidelines to assist financial institutions in expanding their digital asset business. Acting Chairman Travis Hill stated that deposits transitioning from the traditional financial world to the blockchain or distributed ledger world should not change their legal nature. At the time Hill made this statement, all parties were debating a question: how should financial technology companies that are not directly covered by FDIC insurance fully compensate consumers for losses? Many financial technology companies collaborate with FDIC-insured banks to offer products that benefit from "pass-through deposit insurance" coverage, but once a partnered third party goes bankrupt, this protection may face challenges and be unable to effectively safeguard consumer rights. The U.S. government's deposit insurance fund is the cornerstone of the financial system, designed to protect depositors in the event of bank failures.
More
22:17

Bitcoin falls to the lowest point since early May

Golden Finance reports that Bitcoin has fallen to its lowest point since early May, dropping 2.6% to $98,000.4 per coin. The market is experiencing significant fluctuations, please ensure proper risk control.
More
BTC-2.8%
  • 1
18:29

European officials are considering centralizing the dollar to drop reliance on the Fed.

BlockBeats news, on November 14, European financial stability officials are discussing whether to create an alternative funding support mechanism to the Fed, which would centralize the dollars held by central banks outside of the United States. Under the Trump administration, central banks have been trying to reduce their dependence on the U.S. The related mechanism of the Fed provides dollar loans to other central banks, acting as a lifeline during times of market pressure to ensure global financial stability. Interviews with more than a dozen European central bank and regulatory officials reveal their concerns that these mechanisms could be "weaponized" by the Trump administration. European officials' concerns rose around April but subsequently decreased due to the assurances from the Fed. The practice of centralizing dollars faces practical difficulties and may not be feasible. White House spokesman stated that Trump has "repeatedly reaffirmed his commitment to maintaining the strength and influence of the dollar." (Jin10)
More
TRUMP3.15%
17:58

Fed Hamak: Fed policy needs to maintain a certain degree of tightening to drop inflationary pressures.

BlockBeats news, on November 14, Fed's Hamak stated that the employment aspect of the Fed's responsibilities faces challenges as the job market softens. According to sources, inflation is too high and is moving in the wrong direction. The current unemployment rate is close to its highest level. This is a difficult time for monetary policy. Some inflation may be driven by tariffs, but service inflation is indeed concerning. The Fed's policy needs to maintain a certain degree of tightening to drop inflationary pressures. Tariffs are expected to raise the inflation rate before the beginning of next year. (Jin10)
More
16:02

Citi: Continued weakness in the labor market data will prompt the Fed to cut interest rates in December, January, and March.

Odaily News Citigroup economists pointed out that despite warnings from the White House, the CPI and employment data for October may still be released in the coming days. The government shutdown has disrupted data collection, but Citigroup stated that statistical agencies can ask retrospective questions in household employment surveys and use more estimation methods in inflation metrics. However, the CPI data for October may be "less accurate than usual." Citigroup economists expect that labor market data will remain weak, prompting the Fed to cut interest rates in December, January, and March. (Jin10)
More
15:45

Analyst: The US dollar is still overvalued and faces medium to long-term weakening risks.

Analyst Marc Cogliatti from Validus Risk Management pointed out in the report that the US dollar will continue to be weak in the medium to long term due to its overvaluation and market concerns brought about by Trump pushing for interest rate cuts. The ballooning deficit may impact the US debt market, and a recovery of the dollar may be short-lived.
More
12:45

JPMorgan: The cautious attitude of hedge funds may trigger a year-end stock market rebound.

According to BlockBeats, on November 13, JPMorgan stated that the stock market may experience a rebound by the end of the year, as hedge funds reduced their stock exposure to the lowest level in over a year in October. Analyst Nikolaos Panigirtzoglou pointed out that this cautious stance provides room for improving market sentiment. Retail investors remain an important force in the market, and although their trading activity, which surged during the pandemic, has stabilized, it still impacts the overall market capital flows.
More
09:27

TAKE (OVERTAKE) rose 27.95% in the last 24 hours.

Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of writing, TAKE (OVERTAKE) is currently priced at $0.33, with a rise of 27.95% in the last 24 hours, reaching a high of $0.34 and a low of $0.23. The 24-hour volume has reached $124 million. The current market capitalization is approximately $53.8 million, an increase of $11.8 million compared to yesterday. TAKE recent important news: 1️⃣ **Decentralized derivatives market sparks investment frenzy** The decentralized derivatives platform Lighter has completed a $68 million financing round, reaching a valuation of $1.5 billion, highlighting investors' optimism towards the market. This movement may stimulate investment enthusiasm for related projects such as TAKE, driving their prices up. 2️⃣ **UK regulators approve cryptocurrency
More
TAKE-3.45%
08:14

Danske: The dollar is expected to rebound, and the Fed may abandon the rate cut in December.

According to ChainCatcher news and Jin10 reports, the dollar exchange rate fell on Thursday as traders remained cautious about the potential weak performance of data after the U.S. government reopens. The House passed a temporary funding bill to end the government shutdown, which was signed into law by Trump, allowing official data to be released again. Kristoffer Kjaer, head of forex and interest rate strategy at Danske Bank, pointed out that before the Fed's rate decision in December, up to three employment reports and two inflation data may be released, and the dollar is expected to rebound, prompting the Fed to abandon interest rate cuts in December.
More
08:11

MAGIC (Treasure) fell 0.42% in the last 24 hours.

Gate News Bot news, on November 13, according to CoinMarketCap, as of the time of writing, MAGIC (Treasure) is currently priced at $0.13, falling by 0.42% in the last 24 hours, with a highest price of $0.16 and a lowest of $0.11. The current market capitalization is approximately $41.4 million, a decrease of about $174,300 compared to yesterday. Important recent news about MAGIC: 1️⃣ **MAGIC Newton Foundation Redefines Fair Token Issuance** The MAGIC Newton Foundation has launched a new token issuance mechanism called NEWT, aimed at improving the fairness and transparency of token issuance. This innovation may attract more investors to the MAGIC ecosystem, but its short-term impact on price is limited. 2️⃣ **Abracadabr
More
MAGIC5.98%
NEWT2.9%
07:46

Bitunix Analyst: U.S. Government Shutdown Ends, Market Focus Shifts to Data Vacuum and Policy Fog

BlockBeats news, on November 13, U.S. President Trump signed a temporary funding bill, officially ending the longest government shutdown in U.S. history, which lasted six weeks. The bill will fund the federal government until January 30, 2026, avoiding the risk of a short-term economic shutdown. However, the White House warned that the October non-farm payroll and CPI reports may be permanently missing due to the shutdown, leaving the Fed in a "blind flight" state regarding whether to further cut interest rates in December. Currently, the market generally expects U.S. Treasury yields to remain on a downward trend, while the dollar index is under short-term pressure. For the crypto market, this "information vacuum period" created by the policy and data disconnect will lead capital to prefer avoiding the uncertainties of TradFi assets. Bitcoin (BTC) briefly rose to $102,177 after the news was announced, with the short-term support level at $101,325, and the pressure zone concentrated.
More
BTC-2.8%
07:45

Collins: The Fed may take action in January next year, as the threshold for loosening policy is relatively high.

According to ChainCatcher news, Jin10 reported that Fed official Collins stated on Wednesday that due to concerns about high inflation, she believes the threshold for further easing of monetary policy is "relatively high" in the near term. Previously, Collins voted in favor of the Fed's two rate cuts this year. Karim Basta, chief economist at III Capital Management, pointed out that Collins' statement is significant, and the next action may occur in January next year rather than December, to give them more time to observe the data.
More
07:09

ALLO (Allora) fell 39.35% in the last 24 hours.

Gate News Bot news, on November 13, according to CoinMarketCap, as of the time of writing, ALLO (Allora) is currently priced at 0.29 USD, having fallen 39.35% in the last 24 hours, with a highest price of 1.70 USD and a lowest of 0.28 USD. The 24-hour volume reached 459 million USD. The current market capitalization is approximately 57.2 million USD, a decrease of about 37.1341 million USD from yesterday. Important news about ALLO recently: 1️⃣ **Temporary adjustment of listing time causes market fluctuations** The Allora (ALLO) project was originally scheduled to launch on November 11, 2025, at 21:00 (UTC+8), but it was temporarily announced to be delayed by 1 hour to 22:00. This sudden change may have raised market concerns about the project's stability, affecting investor confidence and leading to a significant price drop.
More
ALLO18.38%
  • 3
06:59

TURTLE (Turtle) 24-hour pump 15.31%

Gate News Bot news, on November 13, according to CoinMarketCap, as of the time of writing, TURTLE (Turtle) is currently reported at 0.13 USD, with a 15.31% rise in the last 24 hours, reaching a high of 0.13 USD and a low of 0.09 USD. The current market capitalization is approximately 195,000 USD, which is an increase of nearly 25,900 USD compared to yesterday. Important news about TURTLE recently: 1️⃣ **Turtle Club launches innovative ranking system** Turtle Club recently launched a brand new ranking system aimed at redefining the success metrics of cryptocurrency projects. This system takes liquidity as its core metric, rather than the traditional market capitalization or trading volume. This initiative is expected to attract more investors' attention to the TURTLE project and may drive its
More
TURTLE9.55%
06:52

A certain long-term Whale shorting BTC profited 9 million dollars from the funding rate, while the short order had unrealized gains of 10 million dollars.

According to BlockBeats news on November 13, monitored by HyperInsight, the "Whale" (0x5D2) that opened "four times short positions on BTC" had a 20x BTC short order established on May 9, which has accumulated a profit of 8.97 million USD through the funding rate settlement. The current BTC holdings scale is approximately 127 million USD, with unrealized gains of 10.05 million USD (160%), an average price of 111,500 USD, and currently ranks TOP 1 in BTC short positions on Hyperliquid. Previously, it was reported that this address made four large BTC short orders this year, all recorded losses, totaling approximately 5.48 million USD. This time, the BTC short order partially closed positions to take profit 40% after October 11, recording a profit of approximately 5.17 million USD.
More
BTC-2.8%
05:51

"Big Short" Michael Burry is suspected to have canceled his hedging fund Scion Asset Management.

BlockBeats news, on November 13, according to investing reports, the prototype of the "big short," Michael Burry, seems to have deregistered his hedge fund Scion Asset Management with the SEC this week. Burry also hinted at a significant announcement on November 25, although it is currently unclear what he is referring to. Burry posted a picture on social media showing that Scion's SEC registration status has been terminated. A letter dated October 27 from Burry to Scion investors outlining the fund's closure also seems to have circulated on social media, but the authenticity of the letter cannot be immediately verified. The deregistration from the SEC may also indicate that Burry plans to close Scion.
More
04:05

LINEA (Linea) rose 6.96% in 24 hours.

Gate News Bot news, on November 13, according to CoinMarketCap data, LINEA is currently priced at 0.01 USD, having pumped 6.96% in the last 24 hours, with a high of 0.01 USD and a low of 0.01 USD. The volume in the last 24 hours reached 195 million USD. The current market capitalization is approximately 204 million USD, an increase of 13.2 million USD compared to yesterday. Important recent news about LINEA: 1️⃣ **LINEA Total Value Locked (TVL) has decreased** According to the latest data from L2beat, the total value locked (TVL) of LINEA has dropped to $1.04 billion, surpassed by its competitor Lighter. Lighter currently has a TVL of $1.17 billion, indicating intensified competition in the Layer 2 market, which may affect Li
More
LINEA-5.31%
03:01

Institution: Crypto market sentiment is sluggish, which may trigger an "unexpected rebound" this month.

The encryption market analysis firm Santiment stated that as traders' fear sentiment intensifies, the market may experience a Rebound in November. Historical data shows that during panic, funds flow to long-term holders, creating Rebound momentum. This deterioration in sentiment may benefit patient investors, as retail investors sell and key holders accumulate, thereby driving the price rise.
More
02:39

BABY (Babylon) has pumped 19.46% in the last 24 hours.

Gate News Bot news, on November 13th, according to CoinMarketCap data, as of the time of writing, BABY (Babylon) is currently priced at $0.03, with a rise of 19.46% in the last 24 hours, reaching a high of $0.04 and a low of $0.02. The current market capitalization is approximately $922,000, an increase of $150,000 compared to yesterday. Important news about BABY recently: 1️⃣ **Increase in market attention** The BABY (Babylon) token has recently gained widespread attention in the cryptocurrency market, with several major cryptocurrency data platforms and analysis websites beginning to track and report its price trends. This increased exposure may have attracted more investors' attention, driving up trading volume. 2️⃣ **Price Prediction Analysis Released** Professional cryptocurrency analysis organization
More
BABY-0.34%
01:12

Pump.fun launches Mayhem mode, allowing AI agents to automatically participate in new coin bidding to increase early trading volume.

Pump.fun launches an experimental Mayhem mode, allowing AI agents to participate in trading newly issued tokens, aiming to boost early trading volume. This mode is not applicable to existing tokens. Each Meme coin will have an additional 1 billion tokens minted, increasing trading risk and volatility. Unsold tokens will be burned, and AI agents may compete with trading bots.
More
21:30

Federal Reserve's Collins: Keeping interest rates unchanged for a period may be an appropriate approach

Golden Finance reports that this year's FOMC voting member, Boston Fed President Collins, stated on Wednesday that she believes the threshold for further interest rate cuts in the short term is "relatively high" due to concerns about inflation remaining elevated. Collins voted in favor of a rate cut last month. "Unless there are clear signs of a significant deterioration in the labor market, I will remain cautious about further easing policies, especially given the limited inflation data we have due to the government shutdown... In the current environment of high uncertainty, maintaining the policy rate at its current level for some time may be appropriate to balance inflation and employment risks." Her remarks highlight deep divisions within the Federal Reserve. Since the last rate cut, several Fed officials with voting and non-voting rights, including Collins, have signaled increasing caution about rate cuts. Collins believes that short-term borrowing costs are currently in the "mildly restrictive" range, and the overall financial environment still poses constraints on economic growth.
More
19:47

White House: October non-farm and inflation data may never be released

Odaily Planet Daily reports that White House Press Secretary Karine Jean-Pierre stated that due to the government shutdown, key economic reports for October may not be published at all. Jean-Pierre said, "Democrats may have permanently damaged the federal statistical system; the October CPI and non-farm employment reports are very likely never to be released. The release of all this economic data will be permanently impaired, causing Fed policymakers to 'fly blind' during critical periods." As the government shutdown continues for over six weeks, setting a record for the longest in history, Wall Street has been closely watching the release of important economic data. Other affected data include retail sales, import and export data, as well as consumer spending and income. Most economists previously expected all data to eventually be released, albeit with delays. However, Jean-Pierre's remarks cast a shadow over this expectation. She added that the shutdown could reduce economic growth in the fourth quarter by as much as 2 percentage points.
More
15:34

Chairman of the U.S. Senate Agriculture Committee says the digital asset regulation bill may be advanced in early December

PANews November 12 News, according to reporter Eleanor Terrett, citing sources, said that John Boozman (Republican, Arkansas), Chairman of the U.S. Senate Agriculture Committee, stated in an interview with Bloomberg that his committee is planning to advance the markup of the Digital Asset Market Structure Act in early December. Boozman noted that due to the government shutdown, progress has been slightly delayed, but "the committee remains committed to completing the markup in early December."
More
  • 1
Load More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)