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Share link:In this post: Goldman Sachs is buying a $1 billion, 3.5% stake in T. Rowe Price to push private assets into retirement accounts. The partnership will launch target-date funds, co-branded portfolios, and advice services by mid-2025. Citigroup also announced a deal giving BlackRock $80 billion in client assets to manage starting in Q4.
Share link:In this post: Kevin Hassett accused the Fed of losing independence and overstepping its mandate. He slammed the job data system as broken and called for urgent modernization. Kevin backed a full review of the Fed’s roles in policy, regulation, and research.
Share link:In this post: Old Const says Bitmain faked breaches to end their deal and seize mining equipment. The company wants a court order stating that disputes must stay in Texas based on the agreement. Old Const is seeking an injunction, damages, and legal fees from Bitmain.
Share link:In this post: El Salvador’s central bank bought 13,999 troy ounces of gold worth $50 million. The bank says gold will diversify reserves and provide stability, especially as Bitcoin holdings remain volatile. The move follows the global trend of central banks buying over 1,000 tonnes of gold collectively.
The entire Web3 industry is full of outsider assumptions about the social sector.
The list of candidates for the Federal Reserve Chair has been announced, featuring 11 elites from various political and business sectors. The market is paying close attention to the independence of monetary policy and the candidates' stances on crypto assets. Summary generated by Mars AI Model. The accuracy and completeness of this generated content are still being iteratively improved.
- 01:07Market News: Member companies of the Hong Kong Digital Asset Listed Companies Association are gradually launching coin accumulation plans.According to a report by Jinse Finance, as disclosed by Tencent's "Qianwang," many member units of the Hong Kong Digital Asset Listed Companies Association have successively launched coin-hoarding plans. Public data shows that the association has a total of 49 member units, including 9 US-listed companies, 2 Shenzhen ChiNext-listed companies, and the rest are Hong Kong-listed companies. The total market capitalization of these member units is approximately $20 billion, but Tencent News "Qianwang" has not yet learned the specific coin-hoarding plans of these companies. In addition, according to data provided by Zhang Huachen, President of the Hong Kong Digital Asset Listed Companies Association, among Hong Kong-listed companies, if only the market value of digital assets held and the market value of digital assets involved in compliant license applications and operations are counted, the total does not exceed $2 billion.
- 00:57The Bank of Korea and six major banks are advancing tests for treasury cryptocurrency subsidies.ChainCatcher News, according to Yonhap News Agency, the Bank of Korea and six major banks (KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, NH Nonghyup Bank, and Industrial Bank of Korea) are advancing an experiment to pay treasury subsidies in the form of cryptocurrency. This test aims to examine the feasibility of providing treasury subsidies or vouchers (government-guaranteed vouchers) to beneficiaries via cryptocurrency. With the characteristics of cryptocurrency based on blockchain and other distributed ledger technologies, the usage location and period can be pre-programmed, fundamentally preventing improper receipt and misappropriation of subsidies, and enabling accurate measurement of the subsidy’s effectiveness. The Bank of Korea and the Ministry of Economy and Finance plan to hold a briefing later this month to share the test schedule and main inspection items with participating banks. If preparations go smoothly, the test may be conducted in the first half of next year.
- 00:52Ripple CTO changes avatar, causing PHNIX price to surgeChainCatcher news, according to BeInCrypto, after Ripple CTO David Schwartz changed his X profile picture to a PHNIX NFT, the meme token PHNIX deployed on XRP Ledger surged nearly 40% in the short term, with trading volume increasing simultaneously.