Best Twitter threads of the day – August 31st

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  TL;DR Breakdown Thailand’s central bank has significantly increased its key interest rate to 2.25%, reaching the highest level in nine years. The central bank maintains its focus on ensuring inflation remains within the target range of 1%-3% Despite political unrest, Thailand’s economy is expected to grow by 3.6% this year. Description Thailand’s central bank has significantly increased its key interest rate, reaching the highest level in nine years. However, alongside this move, there are indications that the bank might be approaching the conclusion of its tightening measures. The Monetary Policy Committee of the Bank of Thailand voted to raise the one-day repurchase rate by 25 basis … Read more Thailand’s central bank has significantly increased its key interest rate, reaching the highest level in nine years. However, alongside this move, there are indications that the bank might be approaching the conclusion of its tightening measures. The Monetary Policy Committee of the Bank of Thailand voted to raise the one-day repurchase rate by 25 basis points to 2.25%, in line with widespread expectations. The policy statement’s wording strongly suggests that they…

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• Meta to fight EU antitrust charges at today’s hearing

  TL;DR Breakdown Meta is contesting EU antitrust charges at a closed hearing today. The EU alleges Meta unfairly ties its social network to its classified ads service and imposes unfair conditions on services. If found guilty, Meta could face a fine of up to 10% of its global turnover and be ordered to change its business practices. Meta’s new app, Threads, is not yet available in the EU due to the bloc’s stringent privacy regulations. Description Facing the prospect of a hefty fine, Meta, the parent company of Facebook, heads to a closed-door hearing today to refute European Union (EU) antitrust allegations. The EU accuses the tech giant of leveraging its social network, Facebook, to give its classified advertisements service, Facebook Marketplace, an undue edge in the market. Meta Stands Against … Read more Facing the prospect of a hefty fine, Meta, the parent company of Facebook, heads to a closed-door hearing today to refute European Union (EU) antitrust allegations. The EU accuses the tech giant of leveraging its social network, Facebook, to give its classified advertisements service, Facebook Marketplace,…

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• Cboe amends Bitcoin ETF filing after surveillance agreement with Coinbase

  TL;DR Breakdown Cboe Global Markets has revised its Bitcoin ETF filing to incorporate its surveillance sharing agreement with Coinbase. Coinbase agreement boosts investor sentiment amid a legal battle with the SEC. Description Cboe Global Markets, a prominent exchange operator, has made revisions to five spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications by incorporating a surveillance-sharing agreement (SSA) with Coinbase. The Cboe ETF amendments were submitted to the United States Securities and Exchange Commission (SEC) on July 11. The ETFs in question are proposed by Invesco, VanEck, WisdomTree, … Read more Cboe Global Markets, a prominent exchange operator, has made revisions to five spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications by incorporating a surveillance-sharing agreement (SSA) with Coinbase. The Cboe ETF amendments were submitted to the United States Securities and Exchange Commission (SEC) on July 11. The ETFs in question are proposed by Invesco, VanEck, WisdomTree, Fidelity, and a joint fund by ARK Invest and 21Shares. Cboe confirms surveillance sharing agreement with Coinbase Cboe confirmed that it has reached an agreement with Coinbase to establish the surveillance-sharing agreements. The settlement between…

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• Unprecedented whale activity in long-term Options signals a market surge

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• China urges dialogue with the U.S. – Details

  TL;DR Breakdown China’s Defense Minister, Li Shangfu, calls for dialogue with the U.S. at an Asian security summit. Li refused direct talks with his U.S. counterpart amid ongoing bilateral tensions. Tensions arise from South China Sea disputes, chip export restrictions, and Taiwan issues. While the specter of tension continues to hover between China and the United States, there’s a glimmer of hope for resolution as the former has expressed its preference for dialogue over confrontation. This affirmation emerged from the mouth of Li Shangfu, China’s Defense Minister, during Asia’s top security summit in Singapore. Li’s comments, as striking as they are, put a spotlight on the delicate balance of power that exists between these two superpowers. Stance of China’s Defense Minister at the Shangri-La Dialogue The Shangri-La Dialogue in Singapore, a meeting ground for high-level defense officials, was buzzing as Li presented China’s perspective on the dynamic and often challenging relationship with the United States. According to him, China and the United States, despite their distinct systems and contrasts in multiple aspects, can find common ground to foster bilateral ties…

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