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Is the Constraint of Reputation and Trust Still Effective in an Increasingly Murky Market?
Share link:In this post: Trump launched a new crypto venture where he profits early and his supporters lose money again. His past projects—Truth Social, $Trump, $Melania, and NFTs—left late investors with major losses. The new WLFI token offers no profits or ownership but funnels 75% of sale proceeds back to Trump.
Share link:In this post: Jerome Powell hinted at a possible September rate cut but admitted the Fed is facing a “challenging situation.” Fed officials are divided over inflation, weak hiring, and whether to cut rates now or wait. Trump threatened to fire Governor Lisa Cook and continues to pressure the Fed to lower rates.
Share link:In this post: Only 37% of Americans trust Powell to manage the economy, near record-low levels. Powell hinted at upcoming interest rate cuts during his final Jackson Hole speech. Trump attacked Fed official Lisa Cook and installed loyalists to reshape the central bank.
- 15:20Crypto yield optimization protocol YO Labs completes $10 million Series A funding round, led by Foundation CapitalAccording to ChainCatcher, as reported by an exchange, the development team behind the crypto yield optimization protocol YO Protocol, YO Labs, has announced the completion of a $10 million Series A funding round. Foundation Capital led the round, with participation from an exchange Ventures, Scribble Ventures, and Launchpad Capital. To date, its total funding has reached $24 million. The company plans to use these funds to expand the protocol to more blockchains and improve its infrastructure.
- 15:04Suspected Matrixport wallet withdraws 3 million ASTER from an exchange, worth approximately $2.84 millionAccording to ChainCatcher, Arkham monitoring data shows that about two hours ago, a wallet address suspected to belong to Matrixport withdrew 3 million ASTER tokens, worth approximately $2.84 million, from a certain exchange's hot wallet address. Currently, this wallet holds a total of 5 million ASTER tokens, valued at $4.72 million.
- 14:50South Korean regulators failed to submit the Korean won stablecoin regulatory bill on timeChainCatcher News, according to Newsis, earlier this month, South Korea's ruling party called on various ministries and the Financial Services Commission (FSC) to submit a regulatory bill on Korean won stablecoins by December 10, but the FSC failed to submit the bill on time. An FSC spokesperson stated that the FSC needs more time to coordinate positions with relevant agencies, and that rather than rushing to meet the specified deadline, it would be better to announce its proposal while submitting the bill to the National Assembly. The FSC said this move is to protect the public's right to know about the matter.