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Chainlink has not replaced traditional financial systems; instead, they have built a translation layer that enables traditional financial systems to "speak the language of blockchain."
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Share link:In this post: CFTC Commissioner Kristin Johnson will step down on September 3. Other commissioners are also departing, leaving the regulator with just one active member. Trump’s CFTC nominee Brian Quintenz still awaits a confirmation hearing, with no other names announced.
Share link:In this post: Economists warn that Trump’s pressure on the Fed could increase US borrowing costs. He has targeted Governor Lisa Cook and is nominating loyalists to reshape the Fed’s board. Markets are already reacting, with bond yields widening and the dollar slipping.
Pi Coin price has been in a long downtrend, but technical charts are flashing early signs of a potential rebound. A bullish divergence on RSI, strong money flow, and easing bearish pressure hint at a possible 40% rally if key support holds.
Google's Cloud Universal Ledger project, a Layer 1 blockchain for financial institutions, is in private testnet. Positioned as neutral infrastructure, it supports Python smart contracts and aims to serve global financial sector demands.
Hyperliquid XPL experienced extreme market conditions: it surged 200% in 5 minutes before crashing sharply, with two addresses making a combined profit of $27.5 million.
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- 20:24BIS: US Tariff Shock Drives Global Forex Trading Volume to Record HighAccording to Jinse Finance, data from the Bank for International Settlements (BIS) shows that as U.S. President Donald Trump's tariff policies triggered market turmoil, global foreign exchange trading volume soared to a historic high this year, with average daily trading volume reaching $9.5 trillion in April. In its quarterly review released on Monday, the bank cited data from its triennial survey, stating that the impact of tariffs was "substantial," leading to an unexpected depreciation of the U.S. dollar and accounting for more than $1.5 trillion of the average daily over-the-counter trading volume in April. The report shows that overall foreign exchange trading volume increased by more than a quarter compared to the last survey in 2022, surpassing the estimated peak during the market turmoil caused by the pandemic in March 2020. This data is an update based on the preliminary survey results released in September.
- 20:23Bank of America: The key risk facing U.S. investment-grade credit next year is a dovish stance from the Federal ReserveJinse Finance reported that Bank of America strategists, including Yuri Seliger, pointed out that a key risk facing U.S. investment-grade credit bonds next year is that the Federal Reserve's rate cuts may far exceed current expectations, potentially bringing interest rates down to 2%. In a report released on Friday, the strategists wrote that a significant rate cut could push the yield on 10-year U.S. Treasury bonds down to the 3.0%-3.5% range, below the expected 4.25% for 2026. The initial phase of rate cuts will stimulate investor demand for high-grade corporate bonds, as fund managers seek higher yields from long-term corporate debt. However, as yield-sensitive buyers reduce their demand and companies take advantage of low yields to increase financing, especially at the long end, spreads may subsequently widen and the curve will steepen again.
- 19:57OpenAI report: Enterprise AI applications surgeJinse Finance reported that OpenAI has released its first Enterprise AI Status Report, showing that AI tools are being rapidly adopted and that ChatGPT now has over 800 million weekly users. The report points out that enterprises are moving from the experimental stage to large-scale application, which echoes the adoption cycles of major general-purpose technologies in the past.