Jerry Lin
The Latest
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Binance Reaches 200 Million Users, BNB Hits Record High, Making Zhao Changpeng the 'Richest Prisoner in U.S. History'
Binance co-founder Zhao Changpeng, serving his first month in prison, has become the wealthiest inmate in U.S. federal prison history as Binance Coin (BNB) reached an all-time high. Concurrently, Binance's user base has hit a milestone of 200 million. 
Binance co-founder Zhao Changpeng, serving his first month in prison, has become the wealthiest inmate in U.S. federal prison history as Binance Coin (BNB) reached an all-time high. Concurrently, Binance's user base has hit a milestone of 200 million. -
Euro Tumbles as Macron Calls Snap Election Following Far-Right Gains
The euro experienced a significant decline and stock and bond futures slipped on Monday, following French President Emmanuel Macron's surprise announcement of a snap election. This decision came after a significant defeat in the European Union elections at the hands of the far-right National Rally party, led by Marine Le Pen. 
The euro experienced a significant decline and stock and bond futures slipped on Monday, following French President Emmanuel Macron's surprise announcement of a snap election. This decision came after a significant defeat in the European Union elections at the hands of the far-right National Rally party, led by Marine Le Pen. -
Gold Dips Over 2% as Strong U.S. Job Data and China's Pause in Purchases Create Turbulence
Gold prices took a significant hit on Friday, falling over 2% as stronger-than-expected U.S. job growth dimmed prospects for interest rate cuts this year. This decline was further exacerbated by news that China, a major gold consumer, paused its bullion purchases in May. The dual impact of these developments led to a bearish sentiment in the gold market, affecting prices and investor confidence. 
Gold prices took a significant hit on Friday, falling over 2% as stronger-than-expected U.S. job growth dimmed prospects for interest rate cuts this year. This decline was further exacerbated by news that China, a major gold consumer, paused its bullion purchases in May. The dual impact of these developments led to a bearish sentiment in the gold market, affecting prices and investor confidence. -
U.S. Job Growth Surges in May Despite Unexpected Rise in Unemployment
The U.S. job market showed surprising strength in May, adding 272,000 jobs and outpacing economists' expectations, even as the unemployment rate rose to 4%, its highest level in over two years. This increase in job creation, reported by the Labor Department on Friday, surpassed the forecasted 185,000 jobs, highlighting a resilient labor market despite ongoing economic uncertainties. 
The U.S. job market showed surprising strength in May, adding 272,000 jobs and outpacing economists' expectations, even as the unemployment rate rose to 4%, its highest level in over two years. This increase in job creation, reported by the Labor Department on Friday, surpassed the forecasted 185,000 jobs, highlighting a resilient labor market despite ongoing economic uncertainties. -
OPEC+ Defends Oil Policy Amid Price Surge as Market Remains Skeptical
Oil prices surged for the second consecutive day on Thursday, with WTI crude rising above $75 per barrel, rebounding sharply from a four-month low earlier this week. 
Oil prices surged for the second consecutive day on Thursday, with WTI crude rising above $75 per barrel, rebounding sharply from a four-month low earlier this week. -
Election Black Swans: Market Turmoil in Mexico and India
Global financial markets are reeling from the impact of election "black swans," as unexpected political outcomes in Mexico and India have triggered significant market turbulence. 
Global financial markets are reeling from the impact of election "black swans," as unexpected political outcomes in Mexico and India have triggered significant market turbulence. -
ECB Cuts Interest Rates for First Time in Five Years Amid Inflation Concerns
The European Central Bank (ECB) announced a reduction in its main interest rate for the first time since 2019. This decision, which lowers the rate from a record high of 4% to 3.75%, comes amid ongoing inflationary pressures and just as voters prepare to head to the polls for EU-wide elections. 
The European Central Bank (ECB) announced a reduction in its main interest rate for the first time since 2019. This decision, which lowers the rate from a record high of 4% to 3.75%, comes amid ongoing inflationary pressures and just as voters prepare to head to the polls for EU-wide elections. -
Mexican Peso Plummets, But Yen Carry Trade Persists
Despite recent turbulence in the Mexican peso and Indian rupee due to ongoing election activities, Japanese retail investors continue to flock to emerging market currencies for carry trades, borrowing low-interest yen to reinvest in higher-yield assets such as the US dollar. 
Despite recent turbulence in the Mexican peso and Indian rupee due to ongoing election activities, Japanese retail investors continue to flock to emerging market currencies for carry trades, borrowing low-interest yen to reinvest in higher-yield assets such as the US dollar. -
ECB Poised for First Rate Cut Since 2019 Amid Persistent Inflation Concerns
The European Central Bank (ECB) is set to reduce interest rates from their record highs on Thursday, marking its first rate cut since 2019. This decision comes as the ECB acknowledges progress in its battle against high inflation, which has dropped from over 10% in late 2022 to just above the 2% target in recent months across the 20 eurozone countries. 
The European Central Bank (ECB) is set to reduce interest rates from their record highs on Thursday, marking its first rate cut since 2019. This decision comes as the ECB acknowledges progress in its battle against high inflation, which has dropped from over 10% in late 2022 to just above the 2% target in recent months across the 20 eurozone countries. -
Texas Set to Launch New Stock Exchange Backed by Heavyweights
The landscape of U.S. financial markets is on the verge of a significant shift with the announcement of the Texas Stock Exchange (TXSE), a new player set to enter the arena with substantial backing. The TXSE Group revealed plans on Wednesday to establish this new exchange, supported by $120 million in capital from over two dozen investors, including industry giants BlackRock and Citadel Securities 
The landscape of U.S. financial markets is on the verge of a significant shift with the announcement of the Texas Stock Exchange (TXSE), a new player set to enter the arena with substantial backing. The TXSE Group revealed plans on Wednesday to establish this new exchange, supported by $120 million in capital from over two dozen investors, including industry giants BlackRock and Citadel Securities
