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Sony's L2 Soneum is now live on Stargate

3 days ago

On March 29th, the cross-chain bridge Stargate announced on the X platform that Sony's L2 Soneium has now gone live on Stargate and joined its Hydra Chain network. It will now be able to support over 50 on-chain native assets and provide OFT access to Soneium in order to enhance liquidity and interoperability.
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US Stock Market Close: The three major indices opened lower and then trended higher, with the Strategy index closing down 0.39%.

On April 1st: By the close of the US stock market on Monday, the three major stock indexes opened lower across the board. The Dow initially increased by 1%, the S&P 500 rose by 0.56%, while the Nasdaq decreased by 0.1%. Both Nvidia and Tesla fell by more than 1%, Strategy declined by 0.39%, and Coinbase dropped by 0.98%.

1 minutes ago

Federal Reserve's Williams: Current Economy Not Facing Stagflation, Balance Sheet Contraction Slowdown is a Natural Next Step

On April 1st, Federal Reserve's Williams indicated that there truly exists a risk of inflation being higher than the Fed's forecast. I anticipate that inflation will remain relatively steady this year; however, there is an upward risk. I will not make a prediction regarding the possibility of an economic recession; at present, the economy is extremely robust with the assistance of a strong job market. The Fed will not permit high inflation to "take hold." There is currently no stagflation in the economy. Economic growth is expected to persist, but at a slower rate compared to last year. Long-term inflation expectations have reached a state of stability. The natural next step for the Fed is to slow down the reduction of its balance sheet. (FXStreet)

1 minutes ago

Trump will announce reciprocal tariffs in the White House Rose Garden on April 2.

On April 1st, the White House Press Secretary, Levitt, announced that US President Trump will make an announcement regarding his reciprocal tariff policy at an event in the White House Rose Garden on Wednesday. Levitt stated that Trump's statement will mainly center around "nation-based" tariffs, but he also "promised" to implement industry tariffs at another time. Levitt said that Trump's cabinet members will attend the announcement ceremony. Levitt said, "The President will announce a tariff plan that will reverse decades of unfair trade practices that have taken advantage of our country." "Now is the time for reciprocity. It is time for the President to make historic changes and do the right thing for the American people." (Golden Finance)

1 minutes ago

White House Spokesperson: Trump Has Expressed Commitment to Implementing Industry Tariffs

On April 1st, the White House Press Secretary, Levitt, declared that on Wednesday, the Cabinet would attend the Rose Garden event related to Trump's tariff plan. When queried about tariff exemptions for farmers, he indicated that there are currently no such exemptions. Levitt also mentioned that Trump had asserted his determination to implement industry tariffs. (FX168)

1 minutes ago

Bithumb's Net Profit Estimated to Reach $110 Million in 2024

On April 1st, according to The Block, Bithumb is expected to achieve a net profit of $110 million in 2024, which is a fivefold increase compared to the previous year. Bithumb intends to go public on the Nasdaq in the second half of 2025.

1 minutes ago

Coinbase CEO: US Stablecoin Legislation Should Allow Consumers to Earn Interest Through Stablecoins

On March 31st, Brian Armstrong, the CEO of Coinbase, wrote, "The US stablecoin legislation should enable consumers to earn interest on stablecoins. The government should not give preference to one industry but should allow both banks and crypto companies to provide interest to consumers and motivate them to do so." "Through digitizing the US dollar and other fiat currencies, stablecoins have achieved a product-market fit. However, we have not yet unlocked a crucial element that would allow ordinary Americans and the US economy to fully reap the benefits: on-chain interest."

1 minutes ago