Jerry Lin
The Latest
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Bitcoin's April Slump Raises Alarm, Investors Watch for Shifts in Global Risk Appetite
Bitcoin's recent slump has triggered warnings of potential "trouble ahead" for global markets, as investors closely monitor the digital token's pronounced swings for clues about broader changes in risk appetite. The cryptocurrency has shed around 4% in the past two days, following a near 16% plunge in April, marking its worst monthly drop since the collapse of Sam Bankman-Fried's FTX digital-asset empire in November 2022. 
Bitcoin's recent slump has triggered warnings of potential "trouble ahead" for global markets, as investors closely monitor the digital token's pronounced swings for clues about broader changes in risk appetite. The cryptocurrency has shed around 4% in the past two days, following a near 16% plunge in April, marking its worst monthly drop since the collapse of Sam Bankman-Fried's FTX digital-asset empire in November 2022. -
Fed Holds Rates Steady, Signals Lack of Progress on Inflation Target
The Federal Reserve decided to hold interest rates steady on Wednesday, maintaining the target range between 5.25% and 5.5% for the sixth consecutive time since July 2022. The unanimous decision by the Federal Open Market Committee (FOMC) comes amid concerns over the lack of further progress in bringing inflation down to the central bank's 2% target. 
The Federal Reserve decided to hold interest rates steady on Wednesday, maintaining the target range between 5.25% and 5.5% for the sixth consecutive time since July 2022. The unanimous decision by the Federal Open Market Committee (FOMC) comes amid concerns over the lack of further progress in bringing inflation down to the central bank's 2% target. -
'Bitcoin Jesus' Roger Ver Faces $48 Million Tax Fraud Charges as DOJ Seeks Extradition
The U.S. Department of Justice has formally charged Roger Ver, an early Bitcoin investor famously dubbed 'Bitcoin Jesus,' with evading $48 million in taxes. This development follows Ver's arrest in Spain, with the United States now seeking his extradition to face multiple criminal charges, including tax evasion, mail fraud, and filing false tax returns. 
The U.S. Department of Justice has formally charged Roger Ver, an early Bitcoin investor famously dubbed 'Bitcoin Jesus,' with evading $48 million in taxes. This development follows Ver's arrest in Spain, with the United States now seeking his extradition to face multiple criminal charges, including tax evasion, mail fraud, and filing false tax returns. -
China to Export Record Copper Volume Amid Near-Record LME Prices: Report
China's copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, according to three industry sources. 
China's copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, according to three industry sources. -
Bitcoin and Ethereum Plummet Ahead of Critical Fed Meeting on Interest Rates
Bitcoin plummeted to just around $57,000, while Ethereum dropped below the $3,000 mark, showcasing a broader downturn across the crypto sector. 
Bitcoin plummeted to just around $57,000, while Ethereum dropped below the $3,000 mark, showcasing a broader downturn across the crypto sector. -
Bitcoin Plummets Below $60,000 Amid Weak Macro Conditions and Disappointing Hong Kong ETF Launch
The price of Bitcoin took a sharp dive on Tuesday afternoon, plunging to nearly $60,000 per coin and triggering a wave of liquidations for traders betting on the asset's price to rise. According to data from CoinGlass, over $261 million in long positions for all cryptocurrencies have been liquidated in the past 24 hours, with total liquidations, including short positions, exceeding $324 million. 
The price of Bitcoin took a sharp dive on Tuesday afternoon, plunging to nearly $60,000 per coin and triggering a wave of liquidations for traders betting on the asset's price to rise. According to data from CoinGlass, over $261 million in long positions for all cryptocurrencies have been liquidated in the past 24 hours, with total liquidations, including short positions, exceeding $324 million. -
Fed Likely to Signal Prolonged Higher Interest Rates Amid Stubborn Inflation
The Federal Reserve is set to keep interest rates unchanged at its upcoming meeting, despite hopes for rate cuts earlier this year. As the central bank convenes for a two-day meeting starting Tuesday, it faces the challenge of balancing stubborn inflation with a slowing economy and a strong labor market. 
The Federal Reserve is set to keep interest rates unchanged at its upcoming meeting, despite hopes for rate cuts earlier this year. As the central bank convenes for a two-day meeting starting Tuesday, it faces the challenge of balancing stubborn inflation with a slowing economy and a strong labor market. -
China's Manufacturing and Services Sectors Show Slowing Growth in April Despite High-Tech Boost
China's manufacturing and services sectors experienced a slowdown in growth in April, according to official surveys released on Tuesday, suggesting a loss of momentum for the world's second-largest economy at the start of the second quarter. 
China's manufacturing and services sectors experienced a slowdown in growth in April, according to official surveys released on Tuesday, suggesting a loss of momentum for the world's second-largest economy at the start of the second quarter. -
Eurozone Escapes Recession as GDP Grows 0.3% in Q1, Inflation Remains Steady at 2.4%
The eurozone has managed to bounce back from its shallow technical recession, thanks to a stronger-than-expected performance by its "big four" economies in the first quarter of 2024. According to figures released by Eurostat, the European Commission's statistical agency, the 20 nations that use the single currency posted a 0.3% growth between January and March, surpassing financial market expectations of 0.2%. 
The eurozone has managed to bounce back from its shallow technical recession, thanks to a stronger-than-expected performance by its "big four" economies in the first quarter of 2024. According to figures released by Eurostat, the European Commission's statistical agency, the 20 nations that use the single currency posted a 0.3% growth between January and March, surpassing financial market expectations of 0.2%. -
Hong Kong's Spot Bitcoin and Ether ETFs Struggle on First Day, Falling Short of U.S. Debut
The highly anticipated launch of spot Bitcoin and Ether exchange-traded funds (ETFs) in Hong Kong fell short of expectations on their first day of trading, as the six new crypto ETFs managed by China Asset Management, Harvest Global, Bosera, and HashKey recorded a combined trading volume of just 87.58 million Hong Kong dollars ($12 million). 
The highly anticipated launch of spot Bitcoin and Ether exchange-traded funds (ETFs) in Hong Kong fell short of expectations on their first day of trading, as the six new crypto ETFs managed by China Asset Management, Harvest Global, Bosera, and HashKey recorded a combined trading volume of just 87.58 million Hong Kong dollars ($12 million).
