Jerry Lin
The Latest
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US Economy Exceeds Expectations with 2.8% Growth in Q2, Signals Strong Consumer Spending
The U.S. economy demonstrated remarkable resilience in the second quarter, growing at a 2.8% annualized rate, significantly outpacing expectations. This robust performance, reported by the Commerce Department on Thursday, highlights the economy's strength despite ongoing challenges such as high interest rates and inflation. 
The U.S. economy demonstrated remarkable resilience in the second quarter, growing at a 2.8% annualized rate, significantly outpacing expectations. This robust performance, reported by the Commerce Department on Thursday, highlights the economy's strength despite ongoing challenges such as high interest rates and inflation. -
China's Major Banks Cut Deposit Rates Amid Economic Struggles
China's major state-owned banks have initiated cuts to deposit rates in a bid to alleviate pressure on their profit margins and support economic growth amid a challenging economic environment. 
China's major state-owned banks have initiated cuts to deposit rates in a bid to alleviate pressure on their profit margins and support economic growth amid a challenging economic environment. -
Oil Prices Drop Amid Concerns Over Chinese Demand and Global Economic Outlook
Oil prices experienced a notable decline on Thursday, driven by weak demand signals from China, despite positive inventory data from the United States. This drop comes as the market grapples with the implications of lower Chinese consumption, which overshadowed the previous day's data showing significant draws on U.S. inventories. 
Oil prices experienced a notable decline on Thursday, driven by weak demand signals from China, despite positive inventory data from the United States. This drop comes as the market grapples with the implications of lower Chinese consumption, which overshadowed the previous day's data showing significant draws on U.S. inventories. -
Gold Prices Rise Amid Speculation on U.S. Rate Cuts and Economic Data
Gold prices rose on Wednesday as traders anticipated forthcoming U.S. economic data and the potential for interest rate cuts by the Federal Reserve. Spot gold increased by 0.4% to $2,417.63 per ounce as of 1208 GMT, while U.S. gold futures climbed by 0.5% to $2,418.20. The market is keenly focused on key economic indicators due later in the week, including the U.S. GDP data on Thursday and the personal consumption expenditure (PCE) price index on Friday, which could further shape expectations around the Fed's monetary policy. 
Gold prices rose on Wednesday as traders anticipated forthcoming U.S. economic data and the potential for interest rate cuts by the Federal Reserve. Spot gold increased by 0.4% to $2,417.63 per ounce as of 1208 GMT, while U.S. gold futures climbed by 0.5% to $2,418.20. The market is keenly focused on key economic indicators due later in the week, including the U.S. GDP data on Thursday and the personal consumption expenditure (PCE) price index on Friday, which could further shape expectations around the Fed's monetary policy. -
Ether ETFs Surge to $1 Billion in First-Day Trading Amid Strong Market Debut
U.S. exchange-traded funds (ETFs) tied to the price of ether enjoyed a robust debut, with trading volumes surpassing $1 billion on their first day. 
U.S. exchange-traded funds (ETFs) tied to the price of ether enjoyed a robust debut, with trading volumes surpassing $1 billion on their first day. -
Ethereum Spot ETF Debut Sees Strong Investor Interest with $500 Million Trading Volume
On July 23, Ethereum spot ETFs made their public trading debut in the United States, attracting significant investor interest. Media estimates suggest that the combined trading volume of the first nine Ethereum ETFs surpassed $500 million within hours of opening. 
On July 23, Ethereum spot ETFs made their public trading debut in the United States, attracting significant investor interest. Media estimates suggest that the combined trading volume of the first nine Ethereum ETFs surpassed $500 million within hours of opening. -
Oil Prices Slump to Five-Week Low Amid Algorithmic Selling and Global Uncertainties
Oil prices tumbled to a five-week low on Tuesday, driven primarily by a wave of algorithmic selling that pushed the U.S. benchmark West Texas Intermediate (WTI) down by 1.6% to nearly $77 per barrel. This sharp decline followed the breach of critical technical levels, notably the 50-day and 100-day moving averages, which typically serve as support thresholds. The low liquidity typical of the summer months further exacerbated this downward trend. 
Oil prices tumbled to a five-week low on Tuesday, driven primarily by a wave of algorithmic selling that pushed the U.S. benchmark West Texas Intermediate (WTI) down by 1.6% to nearly $77 per barrel. This sharp decline followed the breach of critical technical levels, notably the 50-day and 100-day moving averages, which typically serve as support thresholds. The low liquidity typical of the summer months further exacerbated this downward trend. -
FTC Probes ‘Surveillance Pricing’ Practices of Major Corporations
The Federal Trade Commission (FTC) has announced a new investigation into the controversial practice of "surveillance pricing," where companies leverage artificial intelligence (AI) and extensive consumer data to dynamically adjust prices based on individual customer behavior and characteristics. This move underscores growing concerns about privacy and fairness in the digital marketplace. 
The Federal Trade Commission (FTC) has announced a new investigation into the controversial practice of "surveillance pricing," where companies leverage artificial intelligence (AI) and extensive consumer data to dynamically adjust prices based on individual customer behavior and characteristics. This move underscores growing concerns about privacy and fairness in the digital marketplace. -
June Home Sales Plunge as Market Shifts Toward Buyers Amid Rising Supply
Sales of previously owned homes in the United States dropped by 5.4% in June compared to May, signaling a notable shift toward a buyer's market as supply increases, according to data released by the National Association of Realtors (NAR). This decline brings the annualized sales rate to 3.89 million units, marking the slowest sales pace since December. The drop also mirrors a 5.4% decrease from June of the previous year, indicating a broader cooling trend in the housing market. 
Sales of previously owned homes in the United States dropped by 5.4% in June compared to May, signaling a notable shift toward a buyer's market as supply increases, according to data released by the National Association of Realtors (NAR). This decline brings the annualized sales rate to 3.89 million units, marking the slowest sales pace since December. The drop also mirrors a 5.4% decrease from June of the previous year, indicating a broader cooling trend in the housing market. -
Ether ETFs Launch Amid Mixed Investor Sentiment, Concerns Over Staking Exclusion
Ether (ETH) prices surged above $3,500 ahead of the anticipated launch of Ether-based exchange-traded funds (ETFs) in the United States. This move has sparked a mixture of excitement and caution among investors, as the new financial products are set to begin trading on Tuesday. However, the market remains wary about potential inflow limitations and the impact of existing large-scale holdings, such as Grayscale's substantial ETH Trust. 
Ether (ETH) prices surged above $3,500 ahead of the anticipated launch of Ether-based exchange-traded funds (ETFs) in the United States. This move has sparked a mixture of excitement and caution among investors, as the new financial products are set to begin trading on Tuesday. However, the market remains wary about potential inflow limitations and the impact of existing large-scale holdings, such as Grayscale's substantial ETH Trust.
