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Share link:In this post: Xpeng posts record quarterly revenue as deliveries surge despite price war. Net loss narrows to five-year low, helped by cost cuts and new models. The carmaker expects revenue to almost double in the third quarter on strong demand.
US indexes were muted Monday as investors wait to hear from Chair Powell and President Trump
South Korea’s government requested local exchanges to stop crypto lending services that have been in place since last month. The Financial Services Commission and Financial Supervisory Service issued a press release on Tuesday. They said they sent an official letter asking local crypto exchanges to suspend new lending services until regulators finalize guidelines. Although Crypto Lending … <a href="https://beincrypto.com/korea-stops-local-exchanges-from-crypto-lending-services/">Continued</a>
- 00:31Data: A Major BTC Whale Shifts to Long ETH, Now Sitting on Over $160 Million in Unrealized GainsAccording to Jinse Finance, OnchainLens monitoring shows that as ETH prices reach new highs, a certain Bitcoin whale is selling BTC and going long on ETH. This whale has already gained over $160 million in unrealized profits: Spot holdings: 118,277 ETH, valued at $571.24 million, with an unrealized profit of approximately $87 million. Contracts: Long position of 135,265 ETH, valued at $653.29 million, with an unrealized profit of about $73 million.
- 00:13Total Cryptocurrency Market Cap Surpasses $4.1 Trillion AgainAccording to a report by Jinse Finance, data from Coingecko shows that as the prices of major cryptocurrencies such as Ethereum rise, the total market capitalization of the cryptocurrency market has returned to $4.1 trillion, currently standing at $4.123 trillion, with a 24-hour increase of 6.1%.
- 00:12Powell’s Dovish Tone Resonates, Probability of a 25 Basis Point Fed Rate Cut in September Rises to 85.2%BlockBeats News, August 23 — Federal Reserve Chair Jerome Powell stated that the continually "changing" economic risks have given the Fed more justification for a rate cut. This remark indicates that Powell has aligned himself with the "dovish" camp within the Federal Open Market Committee, which is responsible for setting interest rates, and also signals that he may support a 25 basis point rate cut at the Fed’s next meeting in September. According to CME FedWatch, the probability of a 25 basis point rate cut by the Fed in September has risen to 85.2% (compared to about 75% before Powell’s speech), while the probability of keeping rates unchanged is 14.8%.