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Share link:In this post: Analysts warn Trump’s potential removal of Fed Chair Jerome Powell could raise U.S. borrowing costs by nearly $60 billion a year due to spiking Treasury yields. Investors may demand higher interest rates if they believe the Fed is losing independence, threatening its ability to control inflation and sparking wider market volatility. Higher yields could make U.S. debt unsustainable, weaken the dollar, and push mortgage rates above 7%, worsening an already sluggish housing market.
Share link:In this post: Nvidia plans to restart H20 chip exports to China but needs U.S. license approvals. CEO Jensen Huang sold $50 million worth of Nvidia shares this week under a pre-arranged plan. China signaled that U.S. export approvals for the H20 chip may move forward.
Numerai, a pioneering decentralized hedge fund leveraging crowdsourced machine learning, has declared plans to buy back $1 million worth of its native token Numeraire (NMR) from the open market.
- 03:22Spot gold falls below $3,520 per ounce, down 1.11% on the dayJinse Finance reported that spot gold fell below $3,520 per ounce, down 1.11% on the day, with a short-term drop of $15.
- 03:17Lido partners with Veda and Mellow to launch a simplified Earn strategy libraryChainCatcher reported that the decentralized staking protocol Lido has launched the Earn label, which is used to showcase a curated selection of various strategy vaults. The first project to go live is GG Vault (GGV), launched by Veda Labs, which provides one-click access to "blue chip" DeFi strategies using ETH, WETH, stETH, or wstETH. The second project to go live is the Decentralized Validator Vault (DVV) developed by Mellow, which is expected to launch in mid-September.
- 03:17South Korea's Vice Finance Minister: South Korea aims to join the MSCI Developed Markets Index and is considering extending foreign exchange trading hoursChainCatcher news, according to Golden Ten Data, the South Korean Vice Finance Minister stated that South Korea aims to join the MSCI Developed Markets Index and is considering further extending foreign exchange trading hours. The 35 billion USD investment plan in the United States may be led by policy financial institutions. The risk of a global bond sell-off currently appears to be controllable. The foreign exchange market will be closely monitored, and actions will be taken to stabilize the forex market if necessary.