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- 13:51Zynk completes $5 million seed round financing with participation from a certain exchange and othersJinse Finance reported that stablecoin payment infrastructure platform Zynk has completed a $5 million seed round of financing, led by Hivemind Capital with participation from an exchange and other institutions. Zynk stated that the new funds will be used to expand its payment channels, enhance liquidity and compliance infrastructure, and establish partnerships with major payment service providers.
- 13:38Economist Peter Schiff: The average annual inflation rate during Trump's term may exceed that of Biden's termJinse Finance reported that economist Peter Schiff questioned Trump's statements on inflation policy on social media. Peter Schiff pointed out that Trump claimed to have reduced the inflation rate to below 2% and stated that he had eliminated inflation, while also saying he inherited the most severe inflation in U.S. history from the Biden administration. However, Peter Schiff believes that the inflation problem has not been resolved and predicts that the average annual inflation rate during Trump's term may exceed the average level during Biden's term.
- 13:22The US dollar rises to a three-month high as rate cut expectations declineChainCatcher news, according to Golden Ten Data, the US Dollar Index (DXY) has risen to a three-month high as market expectations for further immediate rate cuts by the US have diminished. The Federal Reserve cut rates as expected last week, but Fed Chair Jerome Powell stated that another rate cut in December is not a foregone conclusion. Analysts pointed out that the ongoing government shutdown has led to a lack of official data, and the absence of new negative news has kept market volatility low, while demand for the dollar remains strong.