Jerry Lin
The Latest
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Gemini and Genesis Return $2 Billion in Crypto to Customers Amidst Legal and Financial Turmoil
Gemini and Genesis, two major players in the crypto market, have successfully returned over $2 billion in digital assets to 232,000 retail customers. This restitution comes as part of the resolution of the Gemini Earn program's bankruptcy issues, marking a substantial 242% return on assets that were locked up since January 2023. 
Gemini and Genesis, two major players in the crypto market, have successfully returned over $2 billion in digital assets to 232,000 retail customers. This restitution comes as part of the resolution of the Gemini Earn program's bankruptcy issues, marking a substantial 242% return on assets that were locked up since January 2023. -
BOJ Signals Possible Rate Hike Amid Yen Depreciation Concerns
The Bank of Japan (BOJ) is contemplating a potential interest rate hike if the yen's depreciation significantly impacts inflation, according to board member Seiji Adachi. In a speech delivered on Wednesday, Adachi outlined the circumstances under which the central bank might adjust its monetary policy sooner than anticipated. 
The Bank of Japan (BOJ) is contemplating a potential interest rate hike if the yen's depreciation significantly impacts inflation, according to board member Seiji Adachi. In a speech delivered on Wednesday, Adachi outlined the circumstances under which the central bank might adjust its monetary policy sooner than anticipated. -
ConocoPhillips to Acquire Marathon Oil in $17.1 Billion All-Stock Deal
ConocoPhillips announced on Wednesday its agreement to acquire Marathon Oil in an all-stock transaction valued at $17.1 billion. This acquisition marks a significant move in the ongoing consolidation wave within the oil and gas industry, enhancing ConocoPhillips' position in key U.S. shale fields. 
ConocoPhillips announced on Wednesday its agreement to acquire Marathon Oil in an all-stock transaction valued at $17.1 billion. This acquisition marks a significant move in the ongoing consolidation wave within the oil and gas industry, enhancing ConocoPhillips' position in key U.S. shale fields. -
Dollar Declines Ahead of Key Inflation Data as Euro Strengthens
The U.S. dollar edged down on Tuesday, marking its first monthly decline in 2024, as traders anticipated crucial inflation data from the U.S. and the eurozone later this week. The greenback's dip came amidst heightened expectations that major central banks might soon adjust their monetary policies. 
The U.S. dollar edged down on Tuesday, marking its first monthly decline in 2024, as traders anticipated crucial inflation data from the U.S. and the eurozone later this week. The greenback's dip came amidst heightened expectations that major central banks might soon adjust their monetary policies. -
Oil Prices Stabilize Amid OPEC+ Supply Curbs and Summer Fuel Demand
Global oil prices steadied on Tuesday as market participants balanced the prospect of OPEC+ maintaining supply curbs with the anticipation of strong U.S. summer fuel demand against concerns about prolonged elevated U.S. interest rates. This stability followed a modest rise in prices on Monday, driven by expectations of increased fuel consumption at the onset of the U.S. summer driving season. 
Global oil prices steadied on Tuesday as market participants balanced the prospect of OPEC+ maintaining supply curbs with the anticipation of strong U.S. summer fuel demand against concerns about prolonged elevated U.S. interest rates. This stability followed a modest rise in prices on Monday, driven by expectations of increased fuel consumption at the onset of the U.S. summer driving season. -
ECB Officials Signal Rate Cut as Inflation Eases
The European Central Bank (ECB) is on the brink of implementing an interest rate cut next week, following significant signals from key officials. Olli Rehn, a member of the ECB's Governing Council and the head of Finland's central bank, emphasized the sustained decline in inflation within the euro area, suggesting that conditions are favorable for easing monetary policy. 
The European Central Bank (ECB) is on the brink of implementing an interest rate cut next week, following significant signals from key officials. Olli Rehn, a member of the ECB's Governing Council and the head of Finland's central bank, emphasized the sustained decline in inflation within the euro area, suggesting that conditions are favorable for easing monetary policy. -
SEC Approves Ethereum ETFs, Marking Major Milestone for Crypto Industry
The U.S. Securities and Exchange Commission (SEC) has approved the listing of eight exchange-traded funds (ETFs) that hold ether (ETH-USD), the native cryptocurrency of the Ethereum blockchain. 
The U.S. Securities and Exchange Commission (SEC) has approved the listing of eight exchange-traded funds (ETFs) that hold ether (ETH-USD), the native cryptocurrency of the Ethereum blockchain. -
Mortgage Rates Dip Below 7%, Offering Hope in a Tight Housing Market
Mortgage rates have fallen for the third consecutive week, offering a glimmer of hope to American homebuyers navigating a still-challenging housing market. The average rate for a 30-year fixed-rate mortgage dipped to 6.94% for the week ending May 23, down from 7.02% the previous week, according to data from Freddie Mac 
Mortgage rates have fallen for the third consecutive week, offering a glimmer of hope to American homebuyers navigating a still-challenging housing market. The average rate for a 30-year fixed-rate mortgage dipped to 6.94% for the week ending May 23, down from 7.02% the previous week, according to data from Freddie Mac -
JPMorgan CEO Warns of Potential U.S. Economic Hard Landing Amid Persistent Inflation
JPMorgan Chase CEO Jamie Dimon issued a stark warning about the potential for a "hard landing" for the U.S. economy, citing concerns over persistent inflation and the risk of stagflation. Speaking at the JPMorgan Global China Summit in Shanghai, Dimon underscored the unpredictability of the current economic landscape and the challenges that lie ahead. 
JPMorgan Chase CEO Jamie Dimon issued a stark warning about the potential for a "hard landing" for the U.S. economy, citing concerns over persistent inflation and the risk of stagflation. Speaking at the JPMorgan Global China Summit in Shanghai, Dimon underscored the unpredictability of the current economic landscape and the challenges that lie ahead. -
Oil Recovers Slightly Despite Federal Reserve’s Tightening Stance and Rising U.S. Crude Inventories
Oil prices saw a modest recovery on Thursday, regaining some ground after three consecutive days of losses. This rebound comes despite ongoing concerns about the potential for further interest rate hikes by the U.S. Federal Reserve, which could dampen oil demand. 
Oil prices saw a modest recovery on Thursday, regaining some ground after three consecutive days of losses. This rebound comes despite ongoing concerns about the potential for further interest rate hikes by the U.S. Federal Reserve, which could dampen oil demand.
