Former US Commerce Secretary: It's very difficult to remove Trump's tariffs
On November 19th, the former US Secretary of Commerce, Raymondo, stated that the tariff policy implemented by Trump is likely to persist even after his term concludes. This is because politicians are concerned that once these protectionist barriers are removed, they will offend those who are worried about job outsourcing and the replacement of workers by AI.
Raymondo further explained that regardless of which party is in power in the future, the political cost of repealing tariffs is extremely high. "Once tariffs are imposed, it is difficult to remove them. No one is willing to be accused of betraying American workers. Tariffs serve to protect American workers, and I believe this has become more politicized in the context of AI development."
The CEO of Goldman Sachs, Waldren, agrees with this view and adds that the labor environment is expected to become more complex next year, which will further intensify this political sensitivity. (FXStreet)
1 seconds ago
Analysis: The probability of Strategy selling Bitcoin in the short term to pay off debt is low, and at this stage, its valuation is relatively more attractive.
On November 19th, Matrixport disclosed its daily Icon Observation, indicating that Strategy remains one of the most representative beneficiaries in this current Bitcoin bull market. The market has been worried that the company might be compelled to sell its Bitcoin holdings in the future to repay debts. Judging from the current asset-liability structure and debt maturity distribution, we reckon that the probability of "forced Bitcoin selling to repay debt" in the short term is relatively low and is not the primary source of risk at present.
The most stressed ones currently are the investors who bought at a high premium. Most of Strategy's financing took place when the stock price was close to the $474 historical high and the Net Asset Value (NAV) per share reached its peak. As the NAV gradually decreases and the premium narrows, the stock price has also retreated from $474 to $207. As a result, the investors who entered in the high premium range earlier are facing significant paper lo
1 seconds ago
Movement Foundation: will transfer a portion of the tokens from the Ethereum mainnet MOVE Treasury Reserve to the native chain
On November 19th, the Movement Foundation issued a statement on the X platform. It mentioned that after fulfilling the buyback commitment for four months, in order to enhance the transparency of the tokens in the buyback wallet, it intends to transfer a portion of the tokens from the MOVE Strategic Reserve on the Ethereum mainnet to the Strategic Reserve on the native Movement Network to provide support for ecosystem projects and incentive measures. The Movement also stated that it will continuously and regularly send ERC-20 tokens to exchanges to supplement and rebalance the token supply, thereby enabling the withdrawal functionality again.
1 seconds ago
Solomon Labs Raises $100 Million in MetaDao Public Sale
On November 19th, during Solomon Labs' public sale on MetaDao, $100 million was raised in the final instants. This made it the second-highest funded project on MetaDao up to now, trailing only UmbraPrivacy.
Consequently, users on Polymarket who had predicted Solomon's fundraising amount within various ranges like $20 million, $40 million, and $100 million all achieved "whale-like" results. Meanwhile, the suspected insider address "KimballDavies" selected the low-probability "yes" option in this event, and the total profit exceeded $500,000.
1 seconds ago
Saudi Real Estate Company to Tokenize Maldives Trump Hotel, Targeting US Investors
On November 19th, as per Reuters, the Saudi real estate developer Dar Global intends to tokenize the new Trump-branded hotel project in the Maldives and sell tokens to U.S. retail investors in order to raise the majority of the project's funding.
Dar Global's CEO, Ziad El Chaar, informed Reuters that the company will tokenize up to 70% of its luxury resort project as the primary fundraising approach, making use of blockchain technology and achieving the widest possible distribution of token holders.
Unlike the common practice of tokenizing after the real estate is completed, Dar Global's plan with the Trump Group indicates tokenization during the development stage, enabling investors to gain relevant exposure right from the start of the project. According to a news release issued on Tuesday. Additionally, according to another report by Bloomberg, the Maldives project is currently valued at approximately $3 billion, and Dar Global aims to retain a 30% to 40% ownership stake.
1 seconds ago