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Bithumb will list BMT/KRW trading pair

1 days ago

On March 18th, as per an official announcement, Bithumb is going to list the BMT/KRW trading pair.
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Bank of America: Amid Growing Uncertainty, Fed Expected to Hold Rates Steady

March 19th: It is anticipated that the Federal Reserve will maintain its present policy stance during the March FOMC meeting. Analysts of U.S. bank securities expect that in the face of increasing economic uncertainty, the Federal Reserve will adopt a cautious and prudent policy. The Fed may give priority to "patience over panic" and evaluate the balance between the slowdown in economic growth and the sustained pressure of inflation while keeping interest rates stable. The Fed's latest economic projections will incorporate stagflationary factors, with growth forecasts weakening and inflation expectations being revised upward. Although the market has speculated on the timing of a possible rate cut, policymakers may reaffirm a data-driven approach, emphasizing the need for further clarity on the economic outlook before making any policy adjustments. Investors will closely monitor the remarks of Fed Chair Powell to understand how the Fed views the evolving risks, including supply disrupti

3 minutes ago

Binance has completed the BinaryX (BNX) token swap and rebranded to Four (FORM).

On March 19th, according to an official announcement, Binance has now completed the token swap of BinaryX (BNX) and rebranded it to Four (FORM), and has opened deposits for the new FORM token. Withdrawals for the FORM token will be available starting at 17:00 on March 19, 2025 (UTC+8). Binance will launch FORM/USDT spot trading at 16:00 on March 19, 2025 (UTC+8). The tokens have been distributed at a 1:1 ratio, where 1 old BNX is equal to 1 new FORM.

3 minutes ago

The US Department of Justice Withdraws Fraud Charges Against BitClout Founder

On March 19th, according to the report by Decrypt, the U.S. Department of Justice has dismissed fraud charges against Nader Al-Naji, the founder of the decentralized social network BitClout. Court documents indicate that the New York federal prosecutor applied to have the charges against Al-Naji dropped, and this request was approved by U.S. Magistrate Judge Henry J. Ricardo on February 28th. Previously, the Department of Justice had charged Al-Naji with one count of telecommunications fraud, alleging that he had deceived investors of $3 million and used the funds for his family, friends, and a luxurious lifestyle. The U.S. Securities and Exchange Commission (SEC) also dropped civil charges against this former Google engineer at the end of February. BitClout is a decentralized social network that tokenizes Twitter user identities and has received support from prominent investors such as Andreessen Horowitz, Coinbase Ventures, and the Winklevoss brothers of Gemini.

3 minutes ago

4E: Fed Decision Day Sees Stock Market and Bitcoin Drop, Gold Hits New High

On March 19th, based on 4E monitoring, on Tuesday, the three major U.S. stock indexes ended their two-day winning streak. The Nasdaq declined by 1.71%, the S&P 500 dropped by 1.06%, and the Dow Jones slipped by 0.62%. Tech stocks took the lead in the decline. Tesla plummeted by 5.34% due to increased competition. Nvidia's GTC conference new products failed to boost its stock price, resulting in a 3.35% drop. In the crypto market, affected by the lower opening of the U.S. stock market, Bitcoin quickly fell to around $81,000 last night. After the U.S. stock market closed, it bounced back and was standing at $82,571 at the time of writing, with a nearly 1% drop in 24 hours. Ethereum, possibly boosted by the Pectra upgrade news, rose against the trend by 1.3% and reached $1,940. Other major coins mostly experienced slight declines. In the commodities market, the U.S. dollar index continued to weaken by 0.13%. A temporary ceasefire agreement in the Russia-Ukraine conflict on energy facili

3 minutes ago

The Federal Reserve will announce its interest rate decision tonight, with only a 1% probability of a rate cut in March.

On March 19th, based on CME's "FedWatch" data, the Federal Reserve is scheduled to announce its interest rate decision tonight (2:00 AM Beijing time on March 20th). The likelihood that the Federal Reserve will cut rates by 25 basis points in March is merely 1%, while the probability of no alteration is 99%. The probability that the Federal Reserve will cut rates by a total of 50 basis points by May is 0.2%, the probability of a total 25 basis point rate cut is 18.6%, and the probability of no change is 81.2%.

3 minutes ago

Musk Invested $1.5 Billion Last Year to Increase Stake in Social Platform X

On March 19th, the Saudi Arabian investment company Kingdom Holding released its 2024 annual report. It was disclosed that a significant private social media shareholder had recently made an investment at a price equivalent to the carrying amount of the investment on Kingdom's balance sheet. Moreover, it was indicated that the shareholder was willing to purchase more minority stakes in the social media platform at the same valuation. The report cited sources stating that the referred social media platform is X, with Elon Musk being the major shareholder. It was mentioned that Musk used $150 million last year to increase his stake in X at a price close to what he paid for the acquisition in 2022. According to the ownership chart submitted to the Nebraska regulator in October 2023, Musk owns nearly 74% of X. (Golden Finance)

3 minutes ago