Description Apple’s alliance with China, once celebrated as a mutually beneficial “symbiotic relationship,” now stands on precarious ground. What was once a partnership that saw Apple bask in the glory of China’s vast market and manufacturing prowess, is showing clear signs of faltering. The strain isn’t subtle; it’s brazen, loud, and unapologetic. From Courtship to Tension: … Read more Apple’s alliance with China, once celebrated as a mutually beneficial “symbiotic relationship,” now stands on precarious ground. What was once a partnership that saw Apple bask in the glory of China’s vast market and manufacturing prowess, is showing clear signs of faltering. The strain isn’t subtle; it’s brazen, loud, and unapologetic. From Courtship to Tension: Apple’s Sinking Stature in China Merely half a year ago, Tim Cook, Apple’s CEO, was rubbing shoulders with Beijing’s top-tier officials, portraying an image of camaraderie. Yet, today, the backdrop is far from rosy. China, Apple’s most significant manufacturing anchor and its largest global market, accounting for a whopping 20% of its sales last quarter, is raising eyebrows with hints of Apple product bans in government…

TL;DR Breakdown The BRICS alliance is challenging the US dollar’s dominance by promoting the use of local currencies in global trade. India recently purchased oil and gold from the UAE using the Rupee, bypassing the US dollar. India and Saudi Arabia are discussing potential oil trades using their local currencies. Description Dollar dominance in the global marketplace has long been the accepted status quo. But the winds of change are gusting, and the BRICS alliance is at the forefront, challenging the hegemony of the US currency. This audacious geopolitical move might just send tremors throughout global financial circuits. The Rise of Local Currencies in Oil Trade … Read more Dollar dominance in the global marketplace has long been the accepted status quo. But the winds of change are gusting, and the BRICS alliance is at the forefront, challenging the hegemony of the US currency. This audacious geopolitical move might just send tremors throughout global financial circuits. The Rise of Local Currencies in Oil Trade India, for one, is not wasting any time. The country recently inked a deal with the…

TL;DR Breakdown India emerges as the crown jewel of the BRICS alliance, targeting an ambitious growth of 10.5%. BRICS expands its membership, hinting at a more potent global economic presence. Despite a momentary GDP growth dip in June, India’s financial trajectory remains upward. Description In a rapidly shifting global economic landscape, India stands tall as the crown jewel of the BRICS alliance, racing toward an ambitious growth target. With BRICS experiencing an influx of new members, India isn’t just sitting back but is actively harnessing this windfall, further cementing its position as a global powerhouse. A Rising Power within … Read more In a rapidly shifting global economic landscape, India stands tall as the crown jewel of the BRICS alliance, racing toward an ambitious growth target. With BRICS experiencing an influx of new members, India isn’t just sitting back but is actively harnessing this windfall, further cementing its position as a global powerhouse. A Rising Power within BRICS BRICS, once known for its formidable five, recently surprised the world by broadening its horizons. Invitations extended to Saudi Arabia, the UAE,…

TL;DR Breakdown Vitalik Buterin questions the longevity of Hong Kong’s crypto-friendly shift. South Korea initiates a three-month investigation into politicians’ cryptocurrency holdings. India contemplates its cryptocurrency stance, influenced by the G20’s crypto risk framework. Description This week in Asia, a series of high-profile happenings in the cryptoverse grabbed the limelight. Between questionable stances on crypto-friendliness and unexpected partnership announcements, it seems like the entire continent is dancing to the beats of digital coins. But is it all just glitz, or is there some real grit behind the scenes? Hong Kong: … Read more This week in Asia, a series of high-profile happenings in the cryptoverse grabbed the limelight. Between questionable stances on crypto-friendliness and unexpected partnership announcements, it seems like the entire continent is dancing to the beats of digital coins. But is it all just glitz, or is there some real grit behind the scenes? Hong Kong: Crypto-Friendly or Just Playing the Field? Vitalik Buterin, the iconic face behind Ethereum, recently raised an eyebrow at Hong Kong’s seemingly warm embrace of the crypto realm. Now, I’m all for countries…

Description The recent power play between two of the world’s most influential giants, the U.S. and China, took an unexpected turn as they sought to bridge the gap in Malta. Let’s be frank here. With tensions bubbling beneath the surface, especially concerning Taiwan and the ongoing Russian conflict in Ukraine, this diplomatic encounter is like pouring … Read more The recent power play between two of the world’s most influential giants, the U.S. and China, took an unexpected turn as they sought to bridge the gap in Malta. Let’s be frank here. With tensions bubbling beneath the surface, especially concerning Taiwan and the ongoing Russian conflict in Ukraine, this diplomatic encounter is like pouring cold water on a simmering pot. But is it enough to prevent the pot from boiling over? Navigating Troubled Waters Jake Sullivan, the U.S. national security adviser, and Wang Yi, China’s top foreign policy figurehead, clocked in some serious discussion hours over the weekend. The White House emphasized the meeting’s focus on the bilateral ties and the tumultuous situation in Ukraine. There’s no missing the elephant…

Description The US Federal Reserve, that cumbersome entity steering our economic ship, seems poised to throw another curveball our way. Despite the hopes and dreams of investors everywhere, it looks like we’re in for yet another interest rate hike, potentially pushing past the already daunting benchmark level of 5.25-5.5%. A figure, mind you, that’s the highest … Read more The US Federal Reserve, that cumbersome entity steering our economic ship, seems poised to throw another curveball our way. Despite the hopes and dreams of investors everywhere, it looks like we’re in for yet another interest rate hike, potentially pushing past the already daunting benchmark level of 5.25-5.5%. A figure, mind you, that’s the highest in 22 years. The financial bigwigs, the ones you see making flashy predictions on TV, have been laboring under the belief that the current restrictions will be enough to wrestle inflation to the ground, hoping to see the rates stabilize into 2024. Oh, how wrong they might be. Contradicting the Market Mood A recent survey, conducted with some fancy partnership between the Financial Times and the…

TL;DR Breakdown Binance.US’s trading volume has dramatically decreased, dropping to $5.09 million in September from $230 million the same month last year. The SEC has filed a lawsuit against Binance and Binance.US for various charges, including unregistered securities offerings. Following the lawsuit, Binance.US halted trading for over 100 token pairs. Description Binance.US is plummeting, and it’s hard not to notice. This once-thriving hub of crypto activity has nosedived to depths that would give any investor palpitations. Diving into the figures, the September stats for Binance.US look bleak. On September 16th, a mere $5.09 million was traded on the platform—a far cry from the staggering $230 million … Read more Binance.US is plummeting, and it’s hard not to notice. This once-thriving hub of crypto activity has nosedived to depths that would give any investor palpitations. Diving into the figures, the September stats for Binance.US look bleak. On September 16th, a mere $5.09 million was traded on the platform—a far cry from the staggering $230 million exchanged on the same day just a year earlier. Regulatory Woes Cripple the Exchange Let’s take…

TL;DR Breakdown JPEX, a Hong Kong-based crypto exchange, is facing a liquidity crisis after third-party market makers froze the company’s funds, leading to the delisting of its Earn Trading interface and a spike in withdrawal fees. The liquidity issues come amid regulatory scrutiny from Hong Kong’s Securities and Futures Commission, which has warned about misleading statements and high returns on the platform; the Commercial Crime Bureau and Hong Kong police are also investigating. To address the crisis, JPEX is negotiating with third-party market makers to restore liquidity and is considering a structural transition to a decentralized autonomous organization (DAO) to redefine its operational direction. Description JPEX, a Hong Kong-based cryptocurrency trading platform, is grappling with a severe liquidity crisis after its third-party market makers “maliciously froze” the company’s funds. The crisis has forced JPEX to delist all transactions on its Earn Trading interface, effective September 18, 2023, at 00:00 (GMT+8). While existing Earn orders will continue until their respective end … Read more JPEX, a Hong Kong-based cryptocurrency trading platform, is grappling with a severe liquidity crisis after its third-party…

TL;DR Breakdown Dr. Jordan Peterson, a renowned Canadian psychologist, has jumped on the Bitcoin Bandwagon and why investors should embrace the asset. Jordan Peterson liaised with Joe Nakamoto to accept donations on the Lightning Network instead of traditional platforms. As Jordan Pushes for Bitcoin adoption there remains a debate on the pros and cons of crypto adoption over traditional finance. Description Dr. Jordan Peterson, a renowned Canadian psychologist and author with over 4 million followers on X(formerly Twitter), ignited a debate on September 14th on why we should embrace Bitcoin, as it is likely to make banks irrelevant. He expressed his sentiments on the debanking movement as it could scrap banks. The author’s tweet was in … Read more Dr. Jordan Peterson, a renowned Canadian psychologist and author with over 4 million followers on X(formerly Twitter), ignited a debate on September 14th on why we should embrace Bitcoin, as it is likely to make banks irrelevant. He expressed his sentiments on the debanking movement as it could scrap banks. The author’s tweet was in response to the Australian news about…

TL;DR Breakdown Federal prosecutors have accused the defense team of Sam Bankman-Fried, former FTX CEO, of trying to bias potential jurors in his upcoming criminal trial through controversial voir dire questions. The prosecutors objected to specific questions that they claim are “unnecessarily intrusive” and could give the defense an unfair advantage, while the defense has raised concerns about the government’s conduct and overwhelming evidence. The trial, scheduled to begin on October 6, is already mired in controversies, including leaked writings from Bankman-Fried and disputes over jury selection, making it a high-stakes case in the cryptocurrency industry. Description Federal prosecutors in the Southern District of New York have accused the defense team of Sam Bankman-Fried, the disgraced former CEO of FTX, of attempting to bias potential jurors in the upcoming criminal trial. The prosecutors submitted a filing last Friday, requesting the presiding judge to discard a series of questions proposed by the defense … Read more Federal prosecutors in the Southern District of New York have accused the defense team of Sam Bankman-Fried, the disgraced former CEO of FTX, of attempting…