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Clothing brand Mac-House has officially entered the cryptocurrency mining business, partnering with mining company Zero Field.

8 hours ago

On July 4th, the nationwide Japanese fashion chain brand Mac-House announced that it has signed a comprehensive cooperation agreement with the domestic large-scale cryptocurrency mining enterprise Zero Field and has officially entered the cryptocurrency mining business. This move comes after the company's announcement in June of a large-scale Bitcoin purchase plan, indicating that its layout in the cryptocurrency asset business is accelerating. Through this cooperation, Mac-House will further establish "mining" as the core pillar of its cryptocurrency business based on a "buy and hold" strategy in order to reduce price volatility risks while maximizing profit opportunities. The cooperating party, Zero Field, is a wholly-owned subsidiary of the artificial intelligence company Tripleize. According to data from the Tokyo Industrial Survey, Zero Field has ranked first in domestic mining machine sales in Japan for four consecutive years. Mac-House will utilize Zero Field's domestically and internationally operated data centers to carry out efficient cryptocurrency mining operations. Prior to this, Mac-House completed financing through the issuance of new stock acquisition rights on June 19th and plans to allocate up to 1.715 billion yen from it to purchase Bitcoin and other cryptocurrency assets.
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Analysis: Non-Farm Payroll Report Will Not Alter the Fed's Wait-and-See Stance

On July 5th, following the release of the Non-Farm Payrolls data which showed a substantial increase in the number of jobs added in the US economy, exceeding expectations, and an unexpected decline in the unemployment rate. In the previous trading day, gold came under temporary pressure. However, Linh Tran, an analyst at XS.com, stated in a report that this report did not suggest an overheated economy. Instead, it demonstrated a relatively stable growth rate. Tran said that this was not sufficient to prompt the Federal Reserve to reconsider its cautious stance on monetary policy. This was also the reason why the gold price did not experience a further decline. (Jin10)

7 hours ago

Foreign Media: US Threatens to Impose 17% Trade Tariff on EU Agricultural Products

July 5th. As reported by the Financial Times: The US threatens to impose a trade tariff of 17% on EU agricultural exports. (Golden Ten)

7 hours ago

EU Diplomat: Negotiators Fail to Make Breakthrough in Trade Talks with the US

July 5th: The EU negotiators are hoping to prolong the suspension of American tariffs without achieving a broader trade agreement. EU diplomats indicated that the EU negotiators did not make a breakthrough in the trade talks with the United States, and the negotiations will continue until this weekend.

7 hours ago

Vitalik Supports Roman Storm: Hopes the US Will Lead the Way in Making a Safer, Less Data-Leaky World a Reality

On July 5th, Vitalik, the founder of Ethereum, posted an article stating, "The interview of Roman Storm, the co-founder of Tornado Cash (which we heavily relied on in the 2019 FinCEN guidance clearly indicated that service providers of anonymization software are not subject to the regulation of the Money Transmitter Business License. This makes us believe that what we are developing should not place us in a high-risk position) is very good. His trial is about to begin in 10 days." Today, the message of backdoor-free privacy has been widely recognized, and many business and government officials are also regularly using tools like Signal. Considering that we frequently witness the breach of centralized databases, enhancing privacy protection in areas such as payments, identity, artificial intelligence, etc. should not be regarded as a need to "balance" between privacy and security; it is an integral part of security itself. I hope that the United States can take the lead in making a wo

7 hours ago

「Whale Insider」 Doubles Down on Bitcoin and Ethereum Short Positions, Overall Losses Exceed $14 Million

On July 5th, as monitored by OnchainLens, the "Insider Whale" @qwatio once more increased his short positions in Bitcoin (with a 40x leverage) and Ethereum (with a 25x leverage) after being partially liquidated consecutively for 10 times. In this transaction, he has already suffered a loss of $16 million, and in total, his overall loss has now exceeded $14 million. Currently, the size of his Bitcoin short position is $55,854,244 with an unrealized profit of $129,125.46; The size of his Ethereum short position is $11,052,100.83 with an unrealized loss of $138,595.90.

7 hours ago

Analysis: Targeted Tariffs Could Support the US Dollar

On July 5th, UBS Global Wealth Management analysts stated in a report that in the short term, the most favorable situation for the US dollar would be the implementation of targeted tariffs by the US. With the deadline approaching on July 9th for resuming higher retaliatory tariffs after a 90-day truce. The analysts mentioned that the US may impose tariffs on some countries that have not made significant progress in trade agreements, while extending the tariff suspension for those countries that have made progress. In trade wars, targeting specific countries often leads to the strengthening of the US dollar, while broad tariffs usually result in the weakening of the dollar. (FXStreet)

7 hours ago

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