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Share link:In this post: Japan’s exports dropped 2.6 percent in July, led by steep declines in auto and parts shipments to the US. Tariffs remain high despite a July deal keeping auto duties at 15 percent, far above the pre-tariff 2.5 percent. Trade balance swung to a 117.5 billion yen deficit as imports also shrank, though less than expected.
Share link:In this post: JPMorgan and Mitsubishi UFJ Financial Group are negotiating a $22 billion loan to finance a data center campus in Texas for Vantage Data Centers. The total investment for the campus is projected at $25 billion, with additional equity financing of $3 billion from private capital groups Silver Lake and DigitalBridge. The demand for data centers is surging as companies like xAI and Meta are raising billions to support their AI infrastructure.
Share link:In this post: Trump demanded Federal Reserve Governor Lisa Cook resign over mortgage fraud allegations. Bill Pulte accused Cook of claiming two homes as her primary residence to get better loan terms. Pulte wants the Justice Department to investigate and says there is clear cause for removal.
Share link:In this post: A judge has unblocked crypto assets belonging to Hayden Davis and Ben Chow, who promoted the Libra meme coin. Argentine President Javier Milei promoted the Libra meme coin in February, but it crashed within hours. Milei continues to distance himself from the scandal, even dissolving the task force investigating the matter.
- 08:18Metaplanet pledges bitcoin assets to raise 100 millions USD for further bitcoin accumulation and expansion of yield businessJinse Finance reported that Metaplanet raised $100 million by collateralizing its bitcoin assets. The funds raised will mainly be used to purchase more bitcoin, expand revenue-generating businesses, and repurchase shares. Part of the funds will also be used for yield-generating businesses, which will create and sell cash-secured bitcoin options to earn stable returns while holding bitcoin. As of October 31, the company held 30,823 bitcoins (approximately $3.517 billions), and the loan amount this time accounts for about 3% of its holdings.
- 08:10Bitcoin rebounds above $100,000 as market risk aversion intensifiesChainCatcher News, according to Golden Ten Data, after a wave of sell-offs, Bitcoin briefly fell below the key $100,000 mark overnight for the first time since June, but has since slightly rebounded. Deutsche Bank analysts pointed out that there has been a clear risk-off sentiment in the market over the past 24 hours, with high valuations of tech stocks causing investor concerns and dampening risk appetite. U.S. stock index futures showed some signs of recovery before the market opened, gradually recouping losses and moving toward stability.
- 07:40Arthur Hayes: When the US government shutdown ends, BTC will rise, and ZEC will also rise.According to ChainCatcher, Arthur Hayes stated in an article that since the U.S. raised the debt ceiling in July, BTC has dropped by 5%, U.S. dollar liquidity has decreased by 8%, and the growth of the U.S. Treasury General Account (TGA) has led to an outflow of dollars from the system. When the U.S. government shutdown ends, the TGA will decrease, which will be favorable for dollar liquidity, and the price of BTC will rise, as will the price of the ZEC token.