according to market news, Movement Labs officially announced its transformation into an L1 blockchain to improve network performance and support native staking. At the same time, the project team also launched Move 2.0 to further enhance development and ecosystem capabilities.
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Movement Labs Transforms to a Layer 1 Blockchain and Launches Move 2.0
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Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.
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Bank of America: Markets will soon digest expectations of a Fed rate cut in January.
Bank of America stated the market may soon price in the Federal Reserve's rate cut expectation in January. (Jin10) -
He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.
He Lifeng, China's lead for China-US economic and trade relations and Vice Premier of the State Council, held a video call with the US leads, Treasury Secretary Janet Yellen and Trade Representative Katherine Tai. The two sides had in-depth and constructive exchanges on implementing the important consensus reached by the Chinese and US heads of state at the Busan meeting and the November 24 call, focusing on carrying out pragmatic cooperation and properly addressing mutual concerns in the economic and trade field. Both sides positively evaluated the implementation of the outcomes of the China-US economic and trade consultations in Kuala Lumpur, stating that under the strategic guidance of the two heads of state, they will continue to make good use of the China-US economic and trade consultation mechanism, continuously extend the cooperation list, reduce the list of issues, and promote the sustained, stable, and positive development of China-US economic and trade relations. -
Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)
Director of the White House National Economic Council, Hassett, stated: He has not discussed the Federal Reserve Chair (candidate) issue with U.S. President Trump and supports Bassett's views on the Federal Reserve Chair. -
White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates
White House National Economic Council Director Hassett stated: It is time for the Federal Reserve to cautiously cut interest rates. -
The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.
yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020. -
Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
social media platform "X" was fined 120 million euros by the European Union for violating content regulations. The European Commission stated that X violated three provisions of the Digital Services Act and gave X 60 days to provide a solution and 90 days to implement it. (Jin10) -
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The CEO of the asset management giant, whose IBIT is the largest of the spot BTC ETFs, said the state actors were buying not for a trade, but to hold for years.
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US investors consider crypto less as risk-taking drops: FINRA study
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