Trump’s hidden crypto treasures, $2.8M Ethereum wallet unearthed

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• Credit Suisse to withhold inquiry files for half a century

  TL;DR Breakdown The parliamentary committee investigating Credit Suisse’s collapse will keep its files secret for 50 years, an extension from the usual 30 years. This investigation focuses on Credit Suisse’s activities leading to its takeover by UBS and the actions of the Swiss government, central bank, and financial regulator. The decision sparked concerns among Swiss historians who argue for the future academic importance of these files. Description In an unexpected move, the parliamentary committee investigating the high-profile downfall of Credit Suisse announced that its investigative records would remain confidential for the next 50 years. This move has alarmed Swiss historians and academics, as this surpasses the usual 30-year duration for maintaining confidentiality. Credit Suisse securing confidentiality or veiling transparency? The decision implies … Read more In an unexpected move, the parliamentary committee investigating the high-profile downfall of Credit Suisse announced that its investigative records would remain confidential for the next 50 years. This move has alarmed Swiss historians and academics, as this surpasses the usual 30-year duration for maintaining confidentiality. Credit Suisse securing confidentiality or veiling transparency? The decision implies…

  Article 2023年7月16日

• Janet Yellen’s surprising eagerness for collaboration with China

  TL;DR Breakdown Treasury Secretary Janet Yellen exhibits eagerness to collaborate with China, seeking to cultivate beneficial conditions for U.S. corporations in China. Yellen is focusing on debt restructurings, promoting active involvement of bilateral official creditors in pending cases. She advocates for comprehensive reforms in multilateral development banks to meet global challenges like climate change and pandemics. Description Treasury Secretary Janet Yellen’s recent expressions of willingness to foster stronger ties with China heralds a surprising turn of events, reflecting an ambitious perspective on future bilateral relationships. Her refreshing stance has resulted in several key strategies aiming for collaboration with the global powerhouse. Building bridges: The genesis of mutual progress Yellen demonstrated an enthusiastic … Read more Treasury Secretary Janet Yellen’s recent expressions of willingness to foster stronger ties with China heralds a surprising turn of events, reflecting an ambitious perspective on future bilateral relationships. Her refreshing stance has resulted in several key strategies aiming for collaboration with the global powerhouse. Building bridges: The genesis of mutual progress Yellen demonstrated an enthusiastic desire to engage with China during her recent trip to…

  Article 2023年7月17日

• House Financial Services Committee leadership asks Fed to cease undermining stablecoin legislation

  TL;DR Breakdown House Financial Services Committee leadership have addressed a letter to Jerome Powell, the Fed Chair, expressing strong criticism of the Fed’s recent moves towards regulating stablecoins. The joint statement alleges that the Fed’s actions indirectly dissuade banks from actively participating in the digital asset landscape. Description House Financial Services Committee leadership have addressed a letter to Jerome Powell, the Chair of the U.S. Federal Reserve, expressing strong criticism of the Fed’s recent moves on advancing legislation geared towards regulating stablecoins. Representative Patrick McHenry, who holds the position of Chairman of the House Financial Services Committee, has collaborated with French Hill, the … Read more House Financial Services Committee leadership have addressed a letter to Jerome Powell, the Chair of the U.S. Federal Reserve, expressing strong criticism of the Fed’s recent moves on advancing legislation geared towards regulating stablecoins. Representative Patrick McHenry, who holds the position of Chairman of the House Financial Services Committee, has collaborated with French Hill, the Chairman of the Digital Assets and Fintech Subcommittee, and Bill Huizenga, the Chairman of the Oversight and Investigations Subcommittee….

  Article 2023年8月29日

• Anthony Blinken is trying to fix China-US relationship

  TL;DR Breakdown Antony Blinken, the U.S. Secretary of State, has visited China, the first such visit since 2018. His mission is to revitalize US-China relations that have been strained, especially after the suspected Chinese spy balloon incident. Description Stepping into the historical cauldron of US-China relations, Antony Blinken, the U.S. Secretary of State, has become a beacon of diplomatic engagement. Marking the first such visit to China since 2018, Blinken’s trip hints at a strategic shift towards reviving the tenuous ties between the two global powers. Following an incident involving a suspected Chinese … Read more Stepping into the historical cauldron of US-China relations, Antony Blinken, the U.S. Secretary of State, has become a beacon of diplomatic engagement. Marking the first such visit to China since 2018, Blinken’s trip hints at a strategic shift towards reviving the tenuous ties between the two global powers. Following an incident involving a suspected Chinese espionage balloon hovering over North America, the fragile relationship was strained further, making Blinken’s task even more critical. Navigating through a troubled history Over a span of five-and-a-half hours,…

  Article 2023年6月21日

• US unemployment rate spikes to 3.8% as wage rate slows

  TL;DR Breakdown In August, the US saw an increase in job growth, but the unemployment rate increased to 3.8%. Despite progress in slowing price increases, the unemployment rate continues to challenge policymakers. Description In August, job growth in the United States increased, yet the unemployment rate rose to 3.8% while wage growth slowed. The data suggests that the job market might be softening, confirming expectations that the Federal Reserve won’t raise interest rates this month. The Labor Department’s widely observed employment report revealed that 736,000 individuals joined the … Read more In August, job growth in the United States increased, yet the unemployment rate rose to 3.8% while wage growth slowed. The data suggests that the job market might be softening, confirming expectations that the Federal Reserve won’t raise interest rates this month. The Labor Department’s widely observed employment report revealed that 736,000 individuals joined the job market in the past month. That pushed the participation rate to its highest level in three and a half years, whereby it seems that worries about the economy slowing down are likely encouraging…

  Article 2023年9月2日