JUST IN: Bessent: Prices could see a temporary increase due to tariffs.
• Other trade agreements are expected.
• Countries need to be cautious as rates could return to the level of April 2.
• Discussions are scheduled with the EU.
• Employment data may fluctuate monthly, but the overall trend is positive.
• It is the Fed's responsibility to set the rates.
• If there is no rate cut from the Fed now, a larger reduction could occur in September.
This information could influence market expectations regarding future trade agreements and potential rate cuts, which would impact financial market sentiment and investment strategy.#BTCReclaims110K $BTC
5 Money Habits That Keep People Broke - According to Warren Buffett
1. Buying New Cars
New cars quickly lose their value. Buffett drove a 2006 Cadillac for nearly a decade. Reliable used cars can save thousands of dollars - money better invested.
2. High-Interest Debt
Credit cards drain wealth. “If you buy things you don’t need, you’ll soon have to sell things you do need.” Avoid debt, invest instead.
3. Gambling and Lotteries
Buffett calls them a "tax on people who don’t understand math." The odds are against you. Long-term wealth comes from patience, not luck.
4. Trying to Impress Others
Buffett still lives in the same modest home. Spending for status is a financial trap. True wealth doesn’t need to show off.
5. Eating Out Too Often
He prefers simple meals like McDonald's. Constant dining out drains savings. Cooking at home boosts both health and financial security.#WarrenBuffett
The dollar faces an unprecedented "systemic risk", according to the central bank of central banks The Bank for International Settlements has published a report warning about the delicate situation of the US dollar. According to it, the greenback is facing a "historic test of resilience".
Augustin Carstens, the outgoing president of the Bank for International Settlements (BIS), shared his vision of the global economy in a speech this weekend. According to him, the long-established economic order is wavering, with a dollar facing a major "systemic risk".
The central bank of central banks indeed believes that a "new era of uncertainty and increased unpredictability" has been triggered by the geopolitical conflicts currently shaking the world, as well as the economic decisions of US President Donald Trump.
"The outlook has since darkened. The announcement of widespread tariffs by the United States has caused a shockwave in the markets."#TrumpVsMusk $USDT
PSG and the crypto platform Bitpanda launch a new token — What is it for?
This week, Bitpanda and Paris Saint-Germain (PSG) unveiled a new token that will be launched in the coming days: Vision (VSN). Spotlight on this new asset.#PSG
$311 billion in volume in one month: the disturbing secret behind the BNB Chain record The BNB Chain has just set a historic record with over $311 billion traded in one month on its DEX. But behind this staggering figure lies a much more troubling mechanism: artificially inflated volumes, traders without real exposure, and airdrop hunting orchestrated down to the last detail.
Record volumes on the BNB Chain
In the ultra-competitive world of the crypto industry, attention is key. Without it, even the most solid project risks going unnoticed. And in this context, impressive figures serve as a formidable lever to capture attention.
If there is one player that seems to have perfectly understood this logic, it is Binance - or more precisely, its blockchain: the BNB Chain.
Indeed, the BNB Chain has just set a record - across all blockchains - by recording $311.6 billion in volumes on its decentralized exchanges (DEX) in 1 month:#bnb $BNB
On Monday, Robinhood made several announcements at the EthCC[8] in Cannes, one of which concerned tokenized shares. In addition to publicly traded stocks, the platform distinguished itself by promising access to private companies, such as OpenAI and SpaceX.
However, the news does not seem to please the developer of ChatGPT, who distanced itself from the initiative on Wednesday evening on its X profile:
“These ‘OpenAI tokens’ are not OpenAI shares. We are not partners with Robinhood, did not participate in it, and do not endorse it. Any transfer of OpenAI shares requires our approval; we have not approved any transfer. Please be cautious.”
Bybit obtains the MiCAR license and launches Bybit.eu for European users
Bybit, the 2nd largest cryptocurrency exchange platform in the world by trading volume, has announced the official launch of Bybit.eu, a platform dedicated to users in the European Economic Area (EEA).
Operated by Bybit EU, licensed under the MiCAR regulation, the platform has 'passport' its MiCAR license to 29 countries in the EEA, providing more than 450 million Europeans access to its various regulated crypto services.
"Bybit.eu is our long-term commitment to Europe," said Mazurka Zeng, CEO of Bybit EU. "Europe deserves a gateway to world-class crypto, combining technology and robust regulatory standards. This is exactly what Bybit EU offers."#crypto
Donald Trump capitalizes 620 million dollars in a few months thanks to crypto In six months at the White House, Donald Trump has already earned 620 million dollars through cryptocurrencies. Between the platform World Liberty Financial, the memecoin TRUMP, and the arrival of American Bitcoin on the stock market, the family is betting on a much faster avenue than traditional real estate to monetize their name.#Trump $USDT
JUST IN: Bo Hines, Trump's executive director, predicts that the cryptocurrency industry could reach 15 to 20 trillion dollars after the adoption of stablecoin legislation.$USDT #TrumpVsMusk
YZi Labs announced an investment in Digital Asset, enhancing its recent Series E funding round of $135 million.
• Initial participants included DRW, Tradeweb, DTCC, Citadel Securities, and Goldman Sachs.
• Digital Asset has developed the Canton Network, a public blockchain with flexible privacy features.
• The investment aims to enhance composability and interoperability for the tokenization of real-world assets.
This investment could elevate the profile of the digital asset and attract more interest in the tokenization of physical assets, which could positively influence valuation and market sentiment.#StrategyBTCPurchase