Jerry Lin
The Latest
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DeFi Trading Tied to Dollar's Strength, Says Fed's Christopher Waller
In a recent address at the "Climate, Currency, and Central Banking" conference held in the Bahamas, Federal Reserve Governor Christopher Waller offered an optimistic perspective on the future of decentralized finance (DeFi) and its potential to bolster the global dominance of the U.S. dollar. 
In a recent address at the "Climate, Currency, and Central Banking" conference held in the Bahamas, Federal Reserve Governor Christopher Waller offered an optimistic perspective on the future of decentralized finance (DeFi) and its potential to bolster the global dominance of the U.S. dollar. -
Coinbase Shares Soar 12% Amid Surging Trading Volumes and Bitcoin ETF Optimism
Coinbase Global, a leading cryptocurrency exchange, reported its first quarterly profit since 2021, propelled by a surge in trading volumes linked to the excitement surrounding spot bitcoin exchange-traded funds (ETFs). Ahead of the market opening on Friday, Coinbase shares soared by 12%, potentially elevating the company's market value by nearly $5 billion and marking its highest trading level this year. 
Coinbase Global, a leading cryptocurrency exchange, reported its first quarterly profit since 2021, propelled by a surge in trading volumes linked to the excitement surrounding spot bitcoin exchange-traded funds (ETFs). Ahead of the market opening on Friday, Coinbase shares soared by 12%, potentially elevating the company's market value by nearly $5 billion and marking its highest trading level this year. -
Japan Falls to Fourth-Largest Economy Amid Unexpected Recession
Japan has slipped into a recession, leading to the loss of its position as the world's third-largest economy-a title now held by Germany. This shift comes as Japan's Gross Domestic Product (GDP) shrank at an annualized pace of 0.4% in the final quarter of 2023, as reported by the Cabinet Office. 
Japan has slipped into a recession, leading to the loss of its position as the world's third-largest economy-a title now held by Germany. This shift comes as Japan's Gross Domestic Product (GDP) shrank at an annualized pace of 0.4% in the final quarter of 2023, as reported by the Cabinet Office. -
Sharp Decline in January US Retail Sales Signals Economic Caution
The 0.8% decrease in consumer spending, adjusted for seasonal factors but not inflation, surpassed economists' predictions, who had anticipated a more modest decline of 0.3%. This downturn follows a revised gain of 0.4% in December, suggesting a potential shift in consumer behavior at the outset of the year. 
The 0.8% decrease in consumer spending, adjusted for seasonal factors but not inflation, surpassed economists' predictions, who had anticipated a more modest decline of 0.3%. This downturn follows a revised gain of 0.4% in December, suggesting a potential shift in consumer behavior at the outset of the year. -
U.S. Treasury Downplays Role of Crypto in Financing Palestinian Militant Groups
In a recent disclosure by the U.S. Treasury Department, officials have minimized the significance of cryptocurrencies in the financial operations of Palestinian militant factions Hamas and the Palestinian Islamic Jihad (PIJ), challenging prevailing narratives about digital assets' role in global terrorism financing. 
In a recent disclosure by the U.S. Treasury Department, officials have minimized the significance of cryptocurrencies in the financial operations of Palestinian militant factions Hamas and the Palestinian Islamic Jihad (PIJ), challenging prevailing narratives about digital assets' role in global terrorism financing. -
UK Economy Enters Recession, Challenging Sunak's Growth Pledge
The United Kingdom's economy has officially entered a recession, marking a significant downturn and the weakest annual growth since the aftermath of the 2008 financial crisis, excluding the pandemic-impacted year of 2020. 
The United Kingdom's economy has officially entered a recession, marking a significant downturn and the weakest annual growth since the aftermath of the 2008 financial crisis, excluding the pandemic-impacted year of 2020. -
FinCEN Report Unveils Bitcoin's Role in Human Trafficking and Child Exploitation
A recent report from the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) highlights a concerning trend in the realm of digital finance, specifically pointing to Bitcoin as the predominant currency in transactions related to human trafficking and online child sexual exploitation (OCSE). 
A recent report from the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) highlights a concerning trend in the realm of digital finance, specifically pointing to Bitcoin as the predominant currency in transactions related to human trafficking and online child sexual exploitation (OCSE). -
Gold Prices Plunge Below $2,000 as Stubborn Inflation Dashes Rate Cut Hopes
Gold prices tumbled below the critical threshold of $2,000 per ounce, marking the lowest point in two months, as a U.S. inflation report that exceeded expectations dampened hopes for an imminent reduction in interest rates by the Federal Reserve. 
Gold prices tumbled below the critical threshold of $2,000 per ounce, marking the lowest point in two months, as a U.S. inflation report that exceeded expectations dampened hopes for an imminent reduction in interest rates by the Federal Reserve. -
Dow Faces Sharp Decline Amid Hotter-Than-Expected Inflation Data
The stock market experienced a significant downturn on Tuesday, with the Dow Jones Industrial Average plummeting over 500 points, marking one of its steepest declines since March 2023. This sell-off was spurred by unexpectedly high inflation data for January, which has cast doubts on the anticipated series of Federal Reserve rate cuts that many investors had been banking on to bolster the equity market. 
The stock market experienced a significant downturn on Tuesday, with the Dow Jones Industrial Average plummeting over 500 points, marking one of its steepest declines since March 2023. This sell-off was spurred by unexpectedly high inflation data for January, which has cast doubts on the anticipated series of Federal Reserve rate cuts that many investors had been banking on to bolster the equity market. -
January Sees Unexpected Rise in Consumer Prices, Challenging Fed's Inflation Outlook
consumer prices in January witnessed a rise that exceeded expectations, primarily driven by persistent increases in shelter costs. 
consumer prices in January witnessed a rise that exceeded expectations, primarily driven by persistent increases in shelter costs.
