Fitch Ratings: Global Central Banks May Ramp Up Easing Measures, but the Fed May Have to Wait Until Q4
On April 17th, Fitch Ratings indicated that the unanticipated weakening of the US dollar has provided more leeway for global central banks to adopt easing policies. Fitch currently anticipates that the European Central Bank and emerging markets will further reduce interest rates.
With the slowdown of the world economy, the decline in commodity prices, including oil, will also prompt countries outside the US to expedite monetary easing. This will be in contrast to the Fed, as Fitch still expects the Fed to wait until the fourth quarter to cut rates. The report stated that despite the deteriorating outlook for US economic growth, the inflation outlook restricts the Fed's capacity to ease policy.
Fitch anticipates that the escalation of tariffs will drive the US inflation rate to 4.3% by the end of the year, which is an increase from the previous forecast of 3.6%. (FX168)
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The U.S. Department of Justice will reassess the approach to returning assets to victims in cryptocurrency crime cases.
On April 17th, as reported by unchained, the U.S. Department of Justice (DOJ) stated in a memo that it will reassess a practice: how to compensate investors at a price lower than the current market value when digital assets are seized in cases involving fraud and theft.
The memo mentioned that the DOJ paid attention to some notable bankruptcy cases in 2022, including FTX, Voyager Digital, Celsius Network, Genesis Global, BlockFi, and Gemini Trust. Although not all of these bankruptcy cases involved criminal prosecutions, the DOJ pointed out that many of these cases led to investors losing digital assets due to "fraud and theft." Additionally, the DOJ also noted that the value of these digital assets has experienced a significant increase in the subsequent years.
However, the court's approach is not intended to impose hardships on creditors. The problem lies in the fact that the current U.S. bankruptcy regulations require confiscated assets to be returned to victims at the U.S. dollar
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The US and Russia are in contact regarding a conversation between Putin and Trump, but have not reached an agreement yet
April 17th: The aide of the Russian President, Ushakov, stated on the local time of April 17th that the US and Russia are in communication regarding a new phone call between the Russian President Putin and the US President Trump. However, no specific agreement has been reached yet. (FXStreet)
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JPMorgan: Bitcoin Fails to Benefit from Safe-haven Inflows Driving Gold Up
On April 17th, as reported by The Block, analysts from JPMorgan Chase stated that the flight to safety is causing the price of gold to rise, while Bitcoin has not been able to benefit from it.
In a report issued on Wednesday, the JPMorgan Chase analyst team led by Managing Director Nikolaos Panigirtzoglou pointed out that due to macroeconomic uncertainties, investors seeking safety are channeling funds into gold exchange-traded funds (ETFs) and the futures market.
In contrast, Bitcoin is being left out. Analysts noted that the speculative interest in the Bitcoin futures market is declining, and ETFs are also experiencing consecutive outflows.
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AI Agent Project DripLord's related TikTok short video has surpassed 200,000 views, and the chat feature usage has exceeded 100,000 times
On April 17th, the AI Agent project DripLord took the TikTok by storm with its trendy and dark Degen style. It achieved more than 200,000 views of short videos and exceeded 100,000 uses of the chat function. Drip's humorously sharp dialogue and mild emotional companionship have been widely received by users.
DripLord, from the Hape family, is the world's first digital fashion and emotional companionship AI project. It integrates AI algorithms, on-chain identity, streetwear trends, and digital art. The aim is to explore the integration path of AI IP, Meme models, and on-chain culture. Its NFT outfit displays and coin price trend predictions have triggered user discussions. According to the product roadmap, Drip will accelerate the expansion of the ecosystem and gradually enter gaming and other Web3 application scenarios. It will provide seamless fashion recommendations and trend predictions through APIs to reach more users. Drip's ultimate vision is to become the world's first AI Agent
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Binance Alpha will list GOMBLE (GM) and conduct an airdrop to Alpha users
April 17th. According to official information, Binance Alpha is set to launch GOMBLE (GM) on April 17th, 2025, at 19:30 (UTC+8). All Binance exchange platform users who have a purchase record on Alpha will receive a 403 GM token airdrop.
Airdrop Eligibility: Users who made a purchase on Alpha using the Binance exchange platform's spot or margin account between 08:00:00 on March 27th, 2025, and 7:59:59 on April 1st, 2025 (UTC+8).
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