USD/CNY

Fed's Daly: Policy in a good place. Fed's Daly on rate path: We don't know how the economy will play out. Fed's Daly: Prepared to respond either way.

The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) was the first major piece of crypto legislation in the United States, signed into law last year and passed with broad bipartisan support. Since GENIUS provided a clear legal pathway for stablecoins, we’ve seen stablecoin innovation and volume accelerate in the United ...

Stripe, Visa and Mastercard are close to introducing a new stablecoin platform, according to people familiar with the plans, marking another step in the payment industry’s move toward tokenized settlement and crypto-linked transaction infrastructure. The platform is being developed as stablecoins become a core area of competition for global payment ...

The battle for crypto developer protections is moving from Capitol Hill to the campaign trail. A new hybrid political action committee called Defend Developers PAC launched Wednesday with a mission focused specifically on championing American crypto developers, DeFi builders and blockchain technologists, according to details shared first with Crypto in ...

Another better-than-expected headline figure… this time it was the U.S. ISM Services PMI, which climbed 0.9 pts to 54.5. The gauge has now held in the expansion zone (above 50) for almost two years. Business activity climbed for a second straight month to 57.7, pointing to stronger demand and higher output. Meantime, new orders jumped to 57.3, suggesting ...

As Kevin Warsh takes over as chair of the Federal Reserve, investors and financial media outlets are looking closely for any hints at how his appointment will impact monetary policy. One series of comments Warsh made while testifying to Congress back in April as a nominee has been getting more attention in recent weeks, following some high inflation ...

BESSENT PREDICTS INFLATION WILL BE A 'TEMPORARY ISSUE.' BESSENT SAYS AMERICANS ARE FACING TOUGH TIMES BUT SHOULD OVERCOME THEM.

Top Democrats on three congressional committees are pressing the US Labor Department to scrap a proposal that would allow digital assets and other alternative assets in 401(k) retirement plans. Senator Bernie Sanders, Senator Elizabeth Warren and Representative Bobby Scott made the request in a Tuesday letter to acting Labor Secretary Keith Sonderling. The ...

Fed's Williams: Higher energy prices are driving up costs and inflation - Yahoo. FED'S WILLIAMS STATES THAT THE ECONOMY IS GROWING STRONGLY AT AROUND 2% AND THE JOB MARKET IS NOW STABLE. FED'S WILLIAMS SAYS INFLATION HAS INCREASED "SIGNIFICANTLY." Fed's Williams: Inflation likely to peak in coming months Fed’s Williams: Inflation increased significantly Fed's Williams: Right now, I'm not worried about persistent inflation *WILLIAMS: DON'T SEE AN OBVIOUS DIRECTION FOR FUTURE RATES *WILLIAMS: DON'T SEE THE NEED TO RAISE OR LOWER RATES RIGHT NOW