President Xi Jinping’s China is back out front telling foreign companies to come in, sell more, build more, and worry less. On Sunday at the China Development Forum in Beijing, Premier Li Qiang said China would push for more balanced trade with global partners after a year of tariff fights and trade tension, especially with
Well-known Economist Peter Schiff has warned that rising U.S. war spending could increase debt and push inflation higher. As of today, U.S. war spending has reached $28.5 billion as the US-Israel & Iran conflict has reached the 24th day. Thus, Schiff said higher oil prices from ongoing conflicts may slow growth and force policymakers to
Autonomous AI agent commerce could mean the end of online advertising as it is currently known today and shift the internet’s economic model, according to a16z Crypto. Since the dawn of the internet, buying goods or services typically involves navigating to online stores (some through online advertisements). However, Merit Systems co-founder Sam Ragsdale argues this
Hong Kong-based Web3 gaming firm Boyaa Interactive International said it is seeking shareholder approval to expand its crypto treasury, planning up to $70 million in purchases over the next year. In a statement on Sunday, the Hong Kong-listed company said it is looking to use its “idle cash reserves during periods of weakness in the
A report issued by Renmin University’s International Monetary Institute argues against maintaining large foreign exchange reserves, mainly U.S. Treasuries, as the yuan adoption and trust grow. The document advises holding “moderately ample” levels of foreign reserves, with dollar bonds being their largest component. Report: China Should Reduce Forex Reserves As Yuan Matures China’s level of
Barbara Fried and Joseph Bankman, the parents of FTX founder Sam Bankman-Fried, who was convicted after the exchange’s collapse, used their first televised interview to challenge the core premise of his conviction, arguing that no customer money was ultimately lost. “The money was always there,” Bankman said during a weekend interview with CNN’s Michael Smerconish.
Asian stock markets suffered sharp losses Monday as the US-Iran war entered its fourth week with no sign of de-escalation, while a 48-hour ultimatum over the Strait of Hormuz rattled investor confidence globally. The conflict is now delivering simultaneous shocks to energy supply, inflation expectations, and monetary policy outlooks worldwide. Markets Buckle Under Escalating Pressure
Banks are exploring tokenized deposits as they test ways to move commercial bank money onto blockchain-based payment and settlement infrastructure, according to a new report from real-world asset data platform RWA.io The report, which was authored by RWA.io with contributions from industry participants including UK Finance, Citi, BNY, JPMorgan’s Kinexys, Standard Chartered, ABN Amro and
NYSE Arca and NYSE American have scrapped the 25,000-contract position and exercise limits on options tied to spot Bitcoin ($BTC) and Ether (ETH) ETFs. This makes them the last major US options exchanges to complete the transition. The SEC waived its standard 30-day review period on both filings, allowing the changes to take effect immediately.