the US Congressional Budget Office estimated that the government shutdown from the end of 2018 to early 2019 caused approximately $11 billion in economic losses. Due to market concerns about the risk of the US federal government shutting down, the US dollar index fell by about 0.1% overnight, and has fallen by nearly 10% so far this year. In addition, a government shutdown may trigger market concerns about the US credit rating, as the three major rating agencies have repeatedly warned about the fiscal and budget risks in the US.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
The US dollar index has fallen nearly 10% this year, and the US government shutdown has caused losses of over US$11 billion.
-
Wechat scan to share
Recommended for you
-
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) -
Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink
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.
-
Balancer DAO Starts Discussing $8M Recovery Plan After $110M Exploit Cut TVL by Two-Thirds
The recovered tokens, spanning multiple networks and assets, will be paid out in the same tokens as originally provided, with a claim mechanism being developed.
-
US investors consider crypto less as risk-taking drops: FINRA study
FINRA found the number of people invested in crypto was steady from 2021 to 2024, but fewer were considering either buying more or investing for the first time.
-
The US spot Ethereum ETF saw a net outflow of $41.5 million yesterday.
according to data monitored by Farside Investors, the US spot Ethereum ETF had a net outflow of $41.5 million yesterday. -
Decrypt ·
OpenAI Ordered to Hand Over 20M ChatGPT Logs in NYT Copyright Case
A federal judge rejected OpenAI’s bid to limit discovery, directing the company to produce de-identified user logs central to the case.
-
Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says
Strategy has $1.4 billion in cash, no debt due until 2027, and Bitcoin's price is above the company’s cost basis, making a sale unlikely, argues Matt Hougan.
-
Zixi.eth ·
BeFlow: Rebuilding Payment Logic with Technology — From an Incentive Tool to a Consumption Operating System
-
Digital Asset Holdings, a blockchain company focused on the financial sector, has completed a new round of financing of $50 million.
as Wall Street giants are betting on the underlying technology of cryptocurrencies to handle traditional assets, Digital Asset Holdings LLC, a blockchain company focused on the financial sector, has secured new funding. This round of investors includes institutions such as BNY Mellon and Nasdaq. According to insiders, this round of financing amounts to $50 million, with S&P Global and iCapital also participating. This is the company's new round of fundraising following the $135 million financing completed earlier this year. Bloomberg reported in June that the previous round was led by DRW Venture Capital and Tradeweb Markets, with market makers Citadel Securities, IMC, and Optiver participating. -
Meta Platforms shares rose about 4% in pre-market trading after CEO Mark Zuckerberg announced plans to cut the Metaverse budget by 30%.
Meta Platforms (META.O) rose about 4% pre-market, CEO Zuckerberg plans to cut the Metaverse budget by 30%.
Daily Must-Read
-
Strategy won’t be forced to sell Bitcoin if stock drops, Bitwise CIO says
-
Coinbase CEO Armstrong Says Banks That Don't Adapt Stablecoin Will be 'Left Behind'
-
DeFi Giant Spark Shelves Crypto App Plans to Focus on Institutional Infrastructure
-
Saylor shrugs off suggestion Wall Street ‘hurt’ Bitcoin amid latest crash
-
Senator Tim Scott pushes for December vote on crypto market bill
-
Nearly 25% of Adults With Internet Access in Asia Might Own Crypto, Report Says
All Comments