Fed Chair Powell’s Remarks: Assessments on Inflation and Policy Approach
U.S. Federal Reserve (Fed) Chair Jerome Powell did not make any direct comments on the economic outlook or the interest rate path in his latest speech. However, he delivered important messages regarding the Fed’s overall approach. Powell emphasized that some of the Fed’s core principles remain unchanged, noting that a focus on inflation expectations is among those principles. He also stated that it may be appropriate to revisit the average inflation targeting strategy. Additionally, he pointed out that more frequent supply shocks may be part of the new normal.
US Producer Price Index announced
Announced: 2.4
Expectation: 2.5
Previous: 2.7
US Jobless Claims announced
Announced: 229K
Expectation: 229K
Previous: 228K
US President Trump: Trade should be the solution to India-Pakistan disputes
US President Trump stated that the ongoing disputes between India and Pakistan should be resolved through trade rather than war, adding that he had urged both countries to take this approach and that they had responded positively to the proposal.
Chinese Ministry of Commerce: US Section 232 tariffs should end immediately
Chinese Ministry of Commerce spokesperson He Yongqian said that the US tariffs imposed on imported steel, aluminum, automobiles, and pharmaceuticals are unilateral and protectionist policies. China called on the US to lift these tariffs as soon as possible and return to a multilateral trade system based on rules.
Ukraine nears completion of plan to create strategic Bitcoin reserve
According to Yaroslav Zhelezniak, a member of the Ukrainian Parliament, the country is preparing to recognize Bitcoin as a national reserve asset. It has been reported that the draft law, which aims to increase economic resilience amid the ongoing war with Russia, is in its final stages.
Deribit options worth $3.1 billion are expiring
Crypto derivatives exchange Deribit announced that $3.1 billion worth of BTC and ETH options will expire tomorrow. The Put/Call ratio for BTC options is 0.99, with a maximum pain point of $100,000, while the Put/Call ratio for ETH is 1.24, with a maximum pain point of $2,200.
Abraaj becomes the first publicly traded company in the Middle East to adopt a Bitcoin financial strategy
Dubai-based Abraaj Group has become the first publicly traded Middle Eastern company to adopt this strategy by including Bitcoin on its balance sheet. The company operates across six continents, and this step serves as an important example of institutional crypto adoption in the region.
Retail interest in Bitcoin is declining, while memecoins are gaining traction
According to Google Trends data, individual investor interest in Bitcoin has dropped to its lowest level of the year. During the same period, the flow of funds into memecoins has accelerated. Bitcoin’s market dominance fell from 64.4% to 61%, while memecoins rose 11.4% over the past seven days, outperforming the market. If this trend continues, more memecoins could rise to the top of the major cryptocurrency rankings.
Tether minted 1 billion USDT on the Tron network
According to Whale Alert data, Tether minted 1 billion USDT on the Tron blockchain. CTO Paolo Ardoino stated that this transaction was for preparation purposes for future exports and on-chain demands and is not currently in circulation.
AI video platform Hedra secures $32 million investment led by a16z
US-based AI video platform Hedra has completed a $32 million Series A funding round led by Andreessen Horowitz (a16z). The funding will be used to develop the Character-3 model, which combines text, visual, and audio data to create realistic digital characters for corporate marketing, and to expand the team.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.