Jerry Lin
The Latest
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Bitcoin Approaching $30K as Cardano Leads Major Crypto Gains Amid Banking Concerns
Bitcoin (BTC) reached $29,000 during European morning hours on Wednesday, with some investors attributing the rise to expectations of the Federal Reserve injecting funds into the economy following signs of another potential U.S. bank collapse. The last time Bitcoin hit this level was on April 20, according to TradingView data. 
Bitcoin (BTC) reached $29,000 during European morning hours on Wednesday, with some investors attributing the rise to expectations of the Federal Reserve injecting funds into the economy following signs of another potential U.S. bank collapse. The last time Bitcoin hit this level was on April 20, according to TradingView data. -
Yuan Surpasses Dollar as Dominant Currency in China's Cross-Border Transactions
In a significant development, the yuan has overtaken the dollar as the most widely-used currency for cross-border transactions in China as of March, according to official data. This milestone reflects Beijing's ongoing efforts to boost the international use of the yuan. 
In a significant development, the yuan has overtaken the dollar as the most widely-used currency for cross-border transactions in China as of March, according to official data. This milestone reflects Beijing's ongoing efforts to boost the international use of the yuan. -
BYD Slashes Seagull Electric Hatchback's Starting Price by 6.3%
Chinese electric vehicle manufacturer BYD (002594.SZ) has reduced the starting price of its Seagull hatchback by 6.3%, now starting at 73,800 yuan ($10,658.89), as displayed on the company's website. The vehicle received considerable attention at the Shanghai auto show, where it was initially advertised at 78,800 yuan - half the cost of the most affordable new energy vehicles on the market. 
Chinese electric vehicle manufacturer BYD (002594.SZ) has reduced the starting price of its Seagull hatchback by 6.3%, now starting at 73,800 yuan ($10,658.89), as displayed on the company's website. The vehicle received considerable attention at the Shanghai auto show, where it was initially advertised at 78,800 yuan - half the cost of the most affordable new energy vehicles on the market. -
JPMorgan Granted Temporary Permission to Process Payments for Russian Agricultural Bank
The United States has permitted JPMorgan Chase & Co to process payments for the Russian Agricultural Bank, according to a Russian source who spoke to Reuters. However, the temporary arrangement is not a suitable alternative to reconnecting the bank to the SWIFT payment system. 
The United States has permitted JPMorgan Chase & Co to process payments for the Russian Agricultural Bank, according to a Russian source who spoke to Reuters. However, the temporary arrangement is not a suitable alternative to reconnecting the bank to the SWIFT payment system. -
AI and Crypto Fusion: Investors Seek Promising Projects in a New Asset Class
The convergence of artificial intelligence (AI) and cryptocurrencies has given rise to a new category of crypto tokens, generating billions of dollars in trading. The emergence of AI-driven platforms such as ChatGPT and Bard has brought attention to tokens associated with AI blockchain initiatives. 
The convergence of artificial intelligence (AI) and cryptocurrencies has given rise to a new category of crypto tokens, generating billions of dollars in trading. The emergence of AI-driven platforms such as ChatGPT and Bard has brought attention to tokens associated with AI blockchain initiatives. -
China Establishes Nationwide Real Estate Registration System to Enhance Transparency
China has successfully constructed a nationwide, unified real estate registration system, according to a report by the official Xinhua news agency on Tuesday. This landmark development is expected to improve transparency in property ownership across the country. 
China has successfully constructed a nationwide, unified real estate registration system, according to a report by the official Xinhua news agency on Tuesday. This landmark development is expected to improve transparency in property ownership across the country. -
South Korean and US Firms Announce Multi-Billion Dollar Deals Ahead of President Yoon's Meeting with Biden
As South Korean President Yoon Suk Yeol commenced his state visit to Washington, major South Korean and US companies unveiled plans for investments, joint ventures, and other initiatives worth billions of dollars. Yoon, who refers to himself as South Korea's "No. 1 salesman," emphasizes business deals and "sales diplomacy" as central components of his international trips. 
As South Korean President Yoon Suk Yeol commenced his state visit to Washington, major South Korean and US companies unveiled plans for investments, joint ventures, and other initiatives worth billions of dollars. Yoon, who refers to himself as South Korea's "No. 1 salesman," emphasizes business deals and "sales diplomacy" as central components of his international trips. -
US Dollar Gains Amid Economic Concerns; Euro Retreats from Near 10-Month High
The US dollar strengthened on Tuesday as concerns over earnings and the global economic outlook intensified, pushing the euro away from a recent 10-month peak. The US dollar index rose about 0.2% to 101.37 after declining over 3.3% since early March. 
The US dollar strengthened on Tuesday as concerns over earnings and the global economic outlook intensified, pushing the euro away from a recent 10-month peak. The US dollar index rose about 0.2% to 101.37 after declining over 3.3% since early March. -
China Encourages Banks to Lower Deposit Rates to Boost Spending
In a bid to increase spending and direct the country's vast pool of savings towards more productive investments, China has urged banks to further reduce deposit interest rates, according to seven sources familiar with the matter. The guidance was provided during a meeting this month with members of China's "interest rate self-regulatory mechanism," which consists primarily of banks. 
In a bid to increase spending and direct the country's vast pool of savings towards more productive investments, China has urged banks to further reduce deposit interest rates, according to seven sources familiar with the matter. The guidance was provided during a meeting this month with members of China's "interest rate self-regulatory mechanism," which consists primarily of banks. -
Standard Chartered Forecasts $100,000 Bitcoin Value by Late 2024
Standard Chartered announced on Monday that the leading cryptocurrency, bitcoin, could potentially reach a value of $100,000 by the close of 2024, signaling an end to the so-called "crypto winter." 
Standard Chartered announced on Monday that the leading cryptocurrency, bitcoin, could potentially reach a value of $100,000 by the close of 2024, signaling an end to the so-called "crypto winter."
