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US to challenge Do Kwon’s South Korea extradition: Bloomberg
US to challenge Do Kwon’s South Korea extradition: Bloomberg

Quick Take: U.S. prosecutors will continue to seek Do Kwon’s extraditions, while legal experts reportedly expect lighter punishment in South Korea.

The Block·2024/03/08 05:43
FTX, Alameda Settle with BlockFi, Set to Pay $874 Million
FTX, Alameda Settle with BlockFi, Set to Pay $874 Million

The agreement reached with FTX and Alameda Research plays a pivotal role in BlockFi’s bankruptcy and reorganization strategy.

Cryptopotato·2024/03/07 21:49
SEC pushes back timeline on BlackRock's spot bitcoin ETF options trading application
SEC pushes back timeline on BlackRock's spot bitcoin ETF options trading application

Quick Take: The SEC said it was extending the time period to make a decision on whether to approve, disapprove or institute proceedings for to list and trade options on BlackRock’s spot bitcoin ETF until next month.

The Block·2024/03/07 18:31
Altseason is coming — or at least data suggests that its close
Altseason is coming — or at least data suggests that its close

Crypto traders and several metrics suggest that an altcoin season is about to begin.

Cointelegraph·2024/03/07 18:03
Bitcoin holds above $67,000 as stocks gain ahead of Fed Capitol Hill testimony
Bitcoin holds above $67,000 as stocks gain ahead of Fed Capitol Hill testimony

The bitcoin price has held above the $67,000 mark, posting a muted 1% increase in the past 24 hours.The largest digital asset by market capitalization climbed alongside equities ahead of Fed Chair Jerome Powell’s U.S. Senate Banking Committee testimony.

The Block·2024/03/07 17:24
Reasons Why Fetch.AI’s FET Token Soared 360% and Hit All-Time High
Reasons Why Fetch.AI’s FET Token Soared 360% and Hit All-Time High

FET’s surge was driven by the v0.17 update and a $100 million investment.

Cryptopotato·2024/03/07 16:30
QCP Capital Market Update – 7 Mar 24
QCP Capital Market Update – 7 Mar 24

QCP Capital·2024/03/07 14:49
Bitcoin call options cluster at $70,000 shows bullish skew, analyst says
Bitcoin call options cluster at $70,000 shows bullish skew, analyst says

Bitcoin call options are concentrated at a strike price of $70,000 ahead of Friday’s end-of-week and March’s end-of-month expiry, according to Deribit data.The put-call skew ahead of Friday’s end-of-week and March’s end-of-month bitcoin options expiry is a bullish indicator for the market, an analyst said.

The Block·2024/03/07 14:42
Flash
09:06
SK Hynix Plans to Launch Trillion-Won Ultra-Large-Scale Shareholder Return Plan, with Choi Tae-won Personally Wagering
BlockBeats News, June 16th, according to a exclusive report by The Korea Economic Daily, SK Hynix plans to launch a mega-scale shareholder return policy of up to 100 trillion Korean won in the fourth quarter of this year. The specific measures include stock buybacks and cash dividends. This move is seen by the outside world as a major strategic bet by SK Group Chairman Choi Tae-won, aiming to enhance the company's position and valuation in the global capital market. According to investment bank and semiconductor industry sources, SK Hynix's stock buyback this time will account for just over 2% of outstanding shares and will officially begin after completing its American Depositary Receipt (ADR) listing. The ADR listing is expected to be completed in mid-next month. This mega-scale shareholder return plan is designed to dispel concerns from the outside world about potential dilution of existing shareholder value from the ADR listing, while further solidifying SK Hynix's market image as a top global semiconductor company.
08:56
Data: USDC Treasury newly minted 250 million USDC on Solana
ChainCatcher news, according to Whale monitoring, at 16:49 East 8th District time, USDC Treasury minted an additional 250 million USDC on the Solana chain.
08:55
Economist: Powell's Favorite Unconventional Inflation Gauge "Unreliable," Hopes for Challenge
BlockBeats News, June 16th, Federal Reserve Chairman Powell once expressed a preference for adopting another inflation measure standard - the "trimmed mean PCE inflation," which excludes extreme values before calculating the weighted average. Boston College economics professor Brian Bethune stated that currently, the trimmed mean PCE is not the most reliable indicator. In short, when the inflation shock behaves similarly to the period of 2009-2019 (i.e., before the 2020 COVID-19 crisis), this indicator works best because there was a better balance between positive and negative shocks at that time. However, when price shocks mainly come from positive factors such as supply disruptions, tariffs, surging oil prices, or significant special sports events (like the World Cup), this indicator will underestimate inflation. "Therefore, it is hoped that someone can challenge him on this," Bethune said. But regardless of which indicator is referenced, U.S. inflation remains above the Fed's 2% target - has been so since the spring of 2021.
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