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• There goes China’s the hope for economic growth

  Description China’s future economic growth has taken a questionable turn. Contrary to market expectations, the nation has only partially trimmed its benchmark lending rate. As the world observes, it becomes apparent that the Asian powerhouse is battling an array of challenges, from a languishing property sector to a slackening currency. Unfulfilled Predictions and Economic Riddles When … Read more China’s future economic growth has taken a questionable turn. Contrary to market expectations, the nation has only partially trimmed its benchmark lending rate. As the world observes, it becomes apparent that the Asian powerhouse is battling an array of challenges, from a languishing property sector to a slackening currency. Unfulfilled Predictions and Economic Riddles When China made a mere 10 basis point cut to its one-year loan prime rate (LPR), bringing it to 3.45%, eyebrows were raised. The twist in the story? The five-year rate, with significant ties to mortgage lending, remains untouched at 4.2%. Forecasts had painted a different picture. Economists, in a seemingly unanimous voice, had projected substantial cuts to both rates. Goldman Sachs’ chief China economist, Hui Shan,…

  Article 2023年8月22日

• Liquity price analysis: LQTY steps down to $1.34 as selling pressure rises

  TL;DR Breakdown Liquity price analysis is strongly bearish today. Resistance is present at $1.42. The support for LQTY is present at $1.21. Today’s Liquity price analysis leans towards bears, driven by an observed decrease in price. The market follows a bearish trend, facing losses as the price remains below $1.45 and descends to $1.34. The strengthening bearish momentum suggests a possible further decline. LQTY/USD 1-day price chart: Bearish sentiment prevails as Liquity price analysis points to a decrease in value. The bearish trend confirmed in the latest one-day Liquity price analysis is causing the price to decline once again. At the time of writing, the LQTY/USD pair is trading at $1.34 as selling pressure dominates the market and bearish momentum resurfaces. Despite this, the crypto pair still shows a 3% increase over the last 24 hours and impressive gains of 13% over the past week. Additionally, the trading volume has risen by 52%, resulting in a market dominance of 0.01%. lqt1dfr The volatility is on the rise, with the upper limit of the Bollinger bands at $1.94 and the lower…

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• Coinbase empowers the crypto world with groundbreaking advocacy group

  TL;DR Breakdown Coinbase introduces the nonprofit Stand With Crypto Alliance for pro-crypto regulations. The exchange faces legal challenges but garners notable support for clear regulations. The Alliance aims to empower the public, advocating for protective crypto laws. Description Leading crypto exchange Coinbase has taken an innovative leap forward by introducing a novel nonprofit venture to champion pro-crypto regulations on a global scale. The newly-established Stand With Crypto Alliance, spearheaded by the leading exchange, aims to drive legislative measures in the U.S. that are beneficial for the broader crypto industry, fostering both innovation and … Read more Leading crypto exchange Coinbase has taken an innovative leap forward by introducing a novel nonprofit venture to champion pro-crypto regulations on a global scale. The newly-established Stand With Crypto Alliance, spearheaded by the leading exchange, aims to drive legislative measures in the U.S. that are beneficial for the broader crypto industry, fostering both innovation and access. Operating under the 501(c)(4) status from the Internal Revenue Service, this Alliance stands as a beacon for social welfare. During a Twitter Spaces dialogue, Kara Calvert, who heads…

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• Uniswap founder’s Twitter account breached to carry out scams

  TL;DR Breakdown The crypto community has been alerted to a potential scam being carried out on Uniswap founder’s account. Fighting scams in the rapidly evolving Web3 space. Description In a recent incident, members of the Crypto Twitter community swiftly identified and alerted others to a scam perpetrated through Uniswap founder Hayden Adams’ compromised account. The “Web3 Security Alerts” channel on Telegram was quick to notify followers about the breach, which occurred on July 20. During the breach, Adams’ Twitter account, with over 254,000 … Read more In a recent incident, members of the Crypto Twitter community swiftly identified and alerted others to a scam perpetrated through Uniswap founder Hayden Adams’ compromised account. The “Web3 Security Alerts” channel on Telegram was quick to notify followers about the breach, which occurred on July 20. During the breach, Adams’ Twitter account, with over 254,000 followers, released a false tweet claiming that the platform’s Permit2 contract had fallen victim to an unknown exploit, putting users’ tokens at risk. The tweet included a malicious link, attempting to lure users into a scam. Uniswap founder’s Twitter…

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• Top China banks slash deposit rates – Will it help though?

  Description In a desperate attempt to buffer their diminishing margins, five of China’s premier banks recently cut deposit rates. This seemingly coordinated effort appears to be a move towards reviving a beleaguered property sector and an economy on the ropes. But as with any drastic action, it begs the question: will this tactic actually provide the … Read more In a desperate attempt to buffer their diminishing margins, five of China’s premier banks recently cut deposit rates. This seemingly coordinated effort appears to be a move towards reviving a beleaguered property sector and an economy on the ropes. But as with any drastic action, it begs the question: will this tactic actually provide the needed spark or will it further dampen China’s economic prospects? The Nitty Gritty of the Rate Cuts for China China’s banking giants – from the renowned Industrial and Commercial Bank of China to the China Construction Bank Corp and Agricultural Bank of China – made a decisive move. These institutions collectively sliced their deposit rates from five to 25 basis points, as revealed by their respective…

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