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The US FHFA is studying the use of Bitcoin as mortgage collateral, potentially reshaping housing finance, with Michael Saylor offering a model to assess crypto-backed loans.
Bitcoin has captured the essence of money, its goal being to simulate the perfect currency.
Share link:In this post: OpenAI alums are currently dominating the AI startup scene. Mira Murati’s Thinking Machines Lab just hit a $10 billion valuation after raising nearly $2 billion in a seed round, backed by Andreessen Horowitz and other top VCs. The OpenAI network is slowly replacing the “PayPal Mafia” to become Silicon Valley’s most powerful new network.
Share link:In this post: EU Commissioner for Industrial Strategy, Stephane Sejourne, advocates for EU countries to create joint reserves of rare earths to mitigate supply chain disruptions and economic pressures from China. The recommendation comes after China’s April decision to impose export restrictions on rare earth magnets. China has acknowledged the EU’s concerns regarding rare earth exports and is considering expediting the approval process for shipments to the EU.
Share link:In this post: Trump announced a 24-hour Israel-Iran ceasefire on Truth Social, claiming the war is ending. Iran denied any ceasefire deal, calling Trump’s claim a lie and vowing more strikes. A different Iranian official told Reuters that Tehran had agreed to a Qatar-mediated truce.
- 22:25There is an 86.1% probability that the Federal Reserve will cut interest rates in SeptemberAccording to CME "FedWatch" reported by Jinse Finance, there is a 13.9% probability that the Federal Reserve will keep interest rates unchanged in September, and an 86.1% probability of a 25 basis point rate cut. For October, there is a 6.5% probability that rates will remain unchanged, a 47.5% probability of a cumulative 25 basis point rate cut, and a 46% probability of a cumulative 50 basis point rate cut.
- 22:16Probability of a Fed rate cut in September reaches 86.1%, with a 13.9% chance of rates remaining unchangedAccording to ChainCatcher, citing Jinshi News, CME "FedWatch" shows there is a 13.9% probability that the Federal Reserve will keep interest rates unchanged in September, and an 86.1% probability of a 25 basis point rate cut. In addition, for October, there is a 6.5% probability of rates remaining unchanged, a 47.5% probability of a cumulative 25 basis point rate cut, and a 46% probability of a cumulative 50 basis point rate cut.
- 21:52Offshore Renminbi Rises 4 Points Against the US Dollar Compared to Monday’s New York CloseAccording to Jinse Finance, the offshore yuan (CNH) is trading at 7.1871 against the US dollar, up 4 points from Monday's New York close, with intraday trading ranging between 7.1919 and 7.1822.