Wed, June 19, 2024

Chloe Wilson

Tether and a New York appeals court

Tether Introduces aUSDT, 75% Gold-Backed Synthetic Dollar

Quick Look: Tether’s new synthetic dollar, aUSDT, represents a strategic push into tokenization. XAUT overcollateralizes AUSDT to ensure security and stability on the Ethereum-based Alloy platform. Oversight by Moon Gold entities and El Salvador’s CNAD ensures regulatory compliance and integrity. Tether, a prominent name in the cryptocurrency world, has unveiled its latest financial innovation: a …

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Natural gas

Natural Gas Production Rises as Heatwave Boosts Prices

Quick Look: Natural Gas Futures Outlook: Closed the week with a bearish trend, influenced by high production and moderated heat forecasts. Cash Market Surge: Despite bearish futures, cash prices rose as participants prepared for a late-June heatwave. Supply and Storage: U.S. storage levels are robust, with production at 100 Bcf/d, indicating sufficient supply. U.S. natural …

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China Develops Robots for Therapy and Counselling

Quick Look: A Dalian, China factory is developing lifelike humanoid robots for psychotherapy and counselling. The factory uses realistic silicone parts, creating highly detailed human features for the humanoids. Robots are built with advanced AI and mechanical systems to interact empathetically and naturally with patients. In the bustling city of Dalian, along China‘s northeastern coast, …

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andrew tate, daddy token

Andrew Tate’s DADDY Token Surges to $300M Market Cap

Quick Look: Andrew Tate’s DADDY token launched on June 9, 2024, with rapid market capitalisation growth to $300 million by June 12, 2024. The token’s price peaked at $0.3665 on June 10, 2024, but later dropped to $0.1724 by June 13, 2024, highlighting high volatility. Allegations surfaced about insider trading, with select wallets controlling a …

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Polkadot, DOT

Polkadot Community Approves ‘Jam’ Architecture, $65M Fund

Quick Look: Web3 Foundation introduced the JAM Implementer’s Prize, a $64.7 million fund to boost JAM protocol development. Enhances scalability, flexibility, and security, integrating elements from Polkadot and Ethereum for better performance. Trading between $6.10 and $6.25 with reduced volatility and Open Interest, indicating market calm. The Polkadot community has recently approved a significant advancement …

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Euro (EUR) fell before the ECB meeting. What about the dollar?

EUR/USD Forecast: Dollar Rallies as Euro Hits 1-Month Low

Quick Look: ECB’s rate cut and political shifts undermine the EUR as the USD strengthens with easing inflation. Air fell below 1.0700, its lowest in over a month, amid volatile market conditions. Mixed signals with CPI at 3.3% in May; FOMC keeps interest rate steady, revealing uncertainty about future cuts. Far-right victories in elections prompt …

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BOJ Bank of Japan title

USD/JPY Rises to 157.50 Amid BoJ Diverging Policies

Quick Look: USD/JPY reached 157.50 due to the US Federal Reserve’s hawkish stance. The US maintains high rates (5.25%-5.5%), while BoJ keeps rates at 0%. Possible rate cut in 2024; cautious approach until inflation goals are met. Potential reduction in bond purchases and rate hikes to address yen weakness. The USD/JPY pair has maintained a …

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Stocks

Bilibili Jumps 8.48% Following Game Launch and Analyst Upgrades

Quick Look: Bilibili Inc. (NASDAQ: BILI) saw an 8.48% rise to $15.61, nearing its 52-week high of $19.15. “San Guo: Mou Ding Tian Xia” debuted strongly, pushing UBS to upgrade Bilibili’s rating to Buy. Market valuation at $5.00 billion, with expected annual revenue growth of 13.30%. Bilibili trades above its 20-day and 50-day SMAs, with …

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Tractable raises $60M to grow in accident - robot recovery

Ray Kurzweil Predicts Human-AI Integration by 2050

Quick Look: Ray Kurzweil predicts significant lifespan extension and human-AI integration by 2050. Daniel Kahneman and Vernor Vinge, both influential in their fields, recently passed away. Dr Ian Pearson forecasts potential human immortality and widespread access to advanced technologies by the 2060s. In a recent interview, renowned futurist and inventor Ray Kurzweil shared his insights …

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Mainland Chinese stocks on Thursday

Monetary Policy’s Impact on Investment Strategies

Monetary policy refers to the strategies central banks employ to regulate the amount of money in an economy to foster sustainable economic growth. The Federal Reserve’s monetary policy objectives in the United States include maximising employment, stabilising prices, and maintaining moderate long-term interest rates. Monetary Policy Tools Monetary policy is generally classified into two types: …

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Gold

Gold’s 2024 Surge: 13.5% YTD Increase to $2,400/Oz

Quick Look: Gold (XAU) reached a record high in May 2024, with current prices at $2,400/oz. Inflation concerns and global economic uncertainty drive increased XAU investment. The Fed’s rate cut projections and support levels between $2,295-$2,305 influence XAU prices. Gold prices reached a record high in late May 2024, but the current price stands at …

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FalconX and pre-seed round

Manta Foundation Launches $50M Eco Fund for Blockchain

Quick Look: The Manta Foundation’s $50 million Eco Fund starts on June 15th, targeting DeFi, gaming, and NFTs. Offers up to $50,000 for early-stage projects and major investments for high-growth ventures. $35 million for Manta Network projects, $10 million for ecosystem grants, and $4 million for general grants. The Manta Foundation has announced the launch …

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American families and ongoing situation

U.S. Treasury Expands Crypto Sanctions on 300 Entities

Quick Look: On January 12, 2023, the U.S. imposed sanctions on 300 individuals and entities in Russia’s military-industrial complex. Sanctions were applied to Andrey Sudakov of Polyus and Mu Xiaolu of Hong Kong for gold laundering. In May 2023, OKO Design Bureau faced sanctions for soliciting cryptocurrency donations. On June 12, 2024, the U.S. expanded …

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