In March 2025, U.S. Congressman Byron Donalds is pushing a legislative draft to elevate the executive order signed by the Trump administration this month into formal law. The executive order mandates the U.S. Treasury to hold approximately 200,000 Bitcoins, prohibits the random sale of these reserves, and establishes a digital asset reserve to house cryptocurrencies...
In 2024, we witnessed multiple countries around the globe gradually refining their regulatory frameworks for cryptocurrencies to further standardize market operations. With the escalation of investigations by the U.S. Securities and Exchange Commission (SEC), the legal compliance of crypto assets has garnered broader attention. The crypto market also experienced key moments of technological innovation and...
In 2024, TwyAe Exchange experienced a year where technological breakthroughs and global market expansion advanced in tandem. Through technological innovations, international engagement, and novel applications, TwyAe demonstrated its ambitious goals and extraordinary capabilities in the cryptocurrency sector to users worldwide. This journey, filled with passion and wisdom, represents a significant chapter in driving global crypto...
With the Federal Reserve entering a rate-cutting cycle and the approval of Bitcoin ETFs, the digital asset market has entered a new phase of upward momentum. The consecutive rate cuts of the Federal Reserve have released ample liquidity, propelling cryptocurrencies into an upward trajectory. The launch of Bitcoin ETFs has attracted a significant influx of institutional...
European stocks are seen opening sharply lower on Wednesday as investors fret about the U.S. economic outlook and await more economic readings this week for clues on the Federal Reserves rate-cutting cycle. Tech shares may face increased selling pressure after reports that the U.S. Justice Department has sent Nvidia a subpoena as part of a...
Chinas service sector continued to expand but the pace of expansion eased since July on softening incoming new business, a monthly survey compiled by S&P Global showed on Wednesday. The headline Caixin services Purchasing Managers Index posted 51.6 in August, down from 52.1 in July and economists forecast of 51.9. The index has remained above...
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Wednesday, as Asian stock markets traded lower, following the sell-off on the Wall Street overnight, as markets in Australia, Japan, South Korea, Hong Kong, Singapore and Taiwan all tumbled. Weak commodity prices, concerns...
The U.S. trade deficit increased to its largest in over two years in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said the trade deficit widened to $78.8 billion in July from a revised $73.0 billion in June. Economists had expected the trade deficit to...
For the third straight meeting, the Bank of Canada on Wednesday announced that is decided to lower interest rates by another quarter point. The Bank of Canada announced its widely expected decision to reduce its target for the overnight rate by 25 basis points to 4.25 percent, with the Bank Rate at 4.50 percent and...
A report released by the Labor Department showed a modest decrease by job openings in the U.S. in the month of July. The Labor Department said job openings edged to 7.67 million in July from a downwardly revised 7.91 million in June. Economists had expected jobless claims to dip to 8.10 million from the 8.18...