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Is the Constraint of Reputation and Trust Still Effective in an Increasingly Murky Market?
Share link:In this post: Trump launched a new crypto venture where he profits early and his supporters lose money again. His past projects—Truth Social, $Trump, $Melania, and NFTs—left late investors with major losses. The new WLFI token offers no profits or ownership but funnels 75% of sale proceeds back to Trump.
Share link:In this post: Jerome Powell hinted at a possible September rate cut but admitted the Fed is facing a “challenging situation.” Fed officials are divided over inflation, weak hiring, and whether to cut rates now or wait. Trump threatened to fire Governor Lisa Cook and continues to pressure the Fed to lower rates.
Share link:In this post: Only 37% of Americans trust Powell to manage the economy, near record-low levels. Powell hinted at upcoming interest rate cuts during his final Jackson Hole speech. Trump attacked Fed official Lisa Cook and installed loyalists to reshape the central bank.
- 03:13RootData: SIGN will unlock tokens worth approximately $3.77 million in one weekAccording to ChainCatcher, citing token unlock data from the Web3 asset data platform RootData, Sign (SIGN) will unlock approximately 96.67 million tokens, worth about $3.77 million, at 18:00 (GMT+8) on November 28.
- 03:05Bitmine continues to accumulate ETH, with unrealized losses exceeding $4 billionJinse Finance reported, according to Ember monitoring, that ETH treasury company Bitmine continues to accumulate and lower its average cost: 8 hours ago, it received 17,242 ETH (worth $48.96 million) from BitGo and FalconX. This week, Bitmine has increased its holdings by 63,114 ETH (worth $188 million) through an exchange, BitGo, and FalconX. Currently, the company holds 3.56 million ETH at an average price of $4,009, now with an unrealized loss of $4.16 billion, while its total stock market value is only $7.4 billion.
- 03:05Goldman Sachs warns: "Extreme hedging" panic lurking behind US stock market plungeJinse Finance reported that John Flood, a partner at Goldman Sachs, pointed out that the dramatic reversal in the US stock market on Thursday highlighted that Nvidia's explosive performance did not provide traders with the anticipated "risk-off" signal. Instead, it prompted them to urgently build defenses to avoid further losses. The early gains in the US stock market on Thursday quickly evaporated. The S&P 500 index surged 1.9% in the first hour after the opening, but turned negative before 1 p.m. local time—marking the largest intraday swing since the market turmoil in April, with more than $2 trillion in market value wiped out from the day's peak, and for the first time in months, closing below the 100-day moving average. The VIX fear index jumped above 26. "The market is currently full of old scars," Flood wrote in a report to clients. "The market is extremely focused on hedging 'crowded risk,' and investors have entered a pure profit and loss protection mode." (Golden Ten Data)