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Citi survey: Cryptocurrency expected to account for one-tenth of the post-trade market by 2030
Citi survey: Cryptocurrency expected to account for one-tenth of the post-trade market by 2030

According to Citibank's latest "Securities Services Evolution Report," a survey of 537 global financial executives shows that by 2030, approximately 10% of global post-trade market volume is expected to be processed through digital assets such as stablecoins and tokenized securities.

Techub News·2025/09/04 19:46
Flash
  • 20:08
    All three major U.S. stock indexes closed higher.
    Jinse Finance reported that all three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average up 0.77%, the S&P 500 up 0.83%, and the Nasdaq Composite up 0.98%. Chip stocks strengthened, with Western Digital rising over 5% and Micron Technology up more than 4%. Major tech stocks also performed strongly, with Amazon rising over 4%, marking its largest increase since May.
  • 20:08
    Federal Reserve official Harker reiterates there is no reason to cut rates this month
    Jinse Finance reported that Cleveland Federal Reserve Bank President Loretta Mester reiterated her view that there is no reason to lower interest rates this month, as current data shows inflation remains above the Federal Reserve's 2% target and continues to rise. Mester stated that business leaders are feeling price pressures from suppliers. "Some of the pressure is related to tariffs, and some is not," she said. "Mester also indicated that if the independence of the Federal Reserve is threatened, low inflation would also be at risk.
  • 19:17
    "Federal Reserve Mouthpiece": It is a rare arrangement for Federal Reserve Board nominee Milan to consider retaining a White House position during his term.
    Jinse Finance reported that "Federal Reserve mouthpiece" Nick Timiraos wrote that Milan, the Federal Reserve Board nominee appointed by U.S. President Trump, stated that after completing his short-term tenure at the Federal Reserve, he is considering returning to his original position at the White House next year—an arrangement that has been unprecedented for decades since Congress sought to separate the executive branch from the Federal Reserve. At the Senate confirmation hearing on Thursday, Milan said that his lawyers advised him that he could take an unpaid leave of absence from his current position as Chairman of the White House Council of Economic Advisers, so that he could return to his post next year without going through another round of Senate confirmation. Milan has been nominated to fill the term left vacant by Kugler's unexpected resignation last month, which will last until January 31, 2026. Democratic lawmakers questioned whether such an arrangement might affect his ability to exercise the independent judgment he promised. Mike Rounds, a Republican senator from South Dakota, later told reporters that he was surprised by the proposal, but no Republican lawmakers indicated that they would oppose Milan's confirmation because of it.
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