Jerry Lin
The Latest
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Turkey's Central Bank Takes Bold Step with 500 Basis Point Rate Hike to 40%
Turkey's Central Bank dramatically raised its key interest rate to 40%, an increase of 500 basis points. 
Turkey's Central Bank dramatically raised its key interest rate to 40%, an increase of 500 basis points. -
Oil Prices Tumble as OPEC+ Meeting Postponement Shakes Markets
The WTI January contract dropped by 4.2% to $74.50 per barrel, while the Brent January contract saw a 4.03% decrease to $79.13 per barrel. 
The WTI January contract dropped by 4.2% to $74.50 per barrel, while the Brent January contract saw a 4.03% decrease to $79.13 per barrel. -
Binance Settles for $4.3 Billion Amidst Allegations of Aiding Terrorist Transactions, CEO Zhao Steps Down
Binance, the world's largest cryptocurrency exchange, has agreed to pay a staggering $4.3 billion in fines to resolve allegations of violating U.S. anti-money laundering laws. 
Binance, the world's largest cryptocurrency exchange, has agreed to pay a staggering $4.3 billion in fines to resolve allegations of violating U.S. anti-money laundering laws. -
Bitcoin Struggles to Surpass $38K Amid Market Consolidation and Rising Miner Fees
Bitcoin, the pioneering cryptocurrency, is currently experiencing a consolidation phase, struggling to break through the critical $38,000 price level. Despite recent attempts to surpass this threshold, a combination of factors, including heavy profit-taking in both futures and spot markets, has prevented Bitcoin from maintaining momentum above this price point, as detailed in the latest Bitfinex Alpha report. 
Bitcoin, the pioneering cryptocurrency, is currently experiencing a consolidation phase, struggling to break through the critical $38,000 price level. Despite recent attempts to surpass this threshold, a combination of factors, including heavy profit-taking in both futures and spot markets, has prevented Bitcoin from maintaining momentum above this price point, as detailed in the latest Bitfinex Alpha report. -
US Dollar Hits Two-Month Low as Fed Rate Hike Expectations Diminish
The U.S. dollar index plunged to a two-and-a-half-month nadir on Monday, continuing its descent from the previous week, amid growing investor conviction that the Federal Reserve's interest rate hiking cycle may have reached its peak. 
The U.S. dollar index plunged to a two-and-a-half-month nadir on Monday, continuing its descent from the previous week, amid growing investor conviction that the Federal Reserve's interest rate hiking cycle may have reached its peak. -
Binance Negotiates $4bn Settlement with US Justice Department Amid Criminal Probe
Binance is in negotiations with the U.S. Department of Justice (DoJ) to settle a criminal investigation with a payment exceeding $4 billion. Binance is in negotiations with the U.S. Department of Justice (DoJ) to settle a criminal investigation with a payment exceeding $4 billion. -
Yuan's Surge Against the Dollar Signals Potential Short-Term Appreciation Trend
The onshore yuan closed against the dollar at 7.1747 on Monday, marking a rise of 718 basis points from the previous trading day and reaching its highest point since August 2. 
The onshore yuan closed against the dollar at 7.1747 on Monday, marking a rise of 718 basis points from the previous trading day and reaching its highest point since August 2. -
Rising Gold Prices: A Mixed Blessing for Jewelry Brands?
As gold prices continue to rise, the impact on consumer demand for gold jewelry is complex, potentially suppressing demand for decorative pieces while boosting interest in pure gold coins and bars. Despite the macroeconomic downturn and geopolitical conflicts, gold consumption in 2023 has so far mirrored its 2022 performance. 
As gold prices continue to rise, the impact on consumer demand for gold jewelry is complex, potentially suppressing demand for decorative pieces while boosting interest in pure gold coins and bars. Despite the macroeconomic downturn and geopolitical conflicts, gold consumption in 2023 has so far mirrored its 2022 performance. -
Indo-Pacific Economic Framework Stumbles: No Trade Agreement Reached Among 14 Nations at APEC
Since Donald Trump's presidency, signing new free trade agreements has become an operation U.S. leaders tend to avoid. Free trade agreements, and most trade agreements in general, are seen by many voters as detrimental to U.S. interests and a reducer of American jobs. 
Since Donald Trump's presidency, signing new free trade agreements has become an operation U.S. leaders tend to avoid. Free trade agreements, and most trade agreements in general, are seen by many voters as detrimental to U.S. interests and a reducer of American jobs. -
Binance and Gulf Energy Set to Launch Thailand Crypto Exchange in 2024
In a significant move for the cryptocurrency market in Thailand, Binance, a leading global cryptocurrency exchange, is partnering with Gulf Energy Development, one of Thailand's major energy companies, to launch a new crypto exchange. In a significant move for the cryptocurrency market in Thailand, Binance, a leading global cryptocurrency exchange, is partnering with Gulf Energy Development, one of Thailand's major energy companies, to launch a new crypto exchange.
