Search results for "OFF"

On Saturday, 1200 protests against Trump erupted across the United States.

Jin10 Data, April 6 - According to the Associated Press, on Saturday, protesters held marches and rallies in dozens of cities across the United States, marking the first large-scale protest since Trump's inauguration. Over 150 groups under the banner "Hands Off" organized demonstrations at more than 1,200 locations across 50 states. Thousands of protesters criticized Trump and Musk for their actions on issues such as government layoffs, the economy, immigration, and human rights. The rallies appeared to be peaceful, with no reports of arrests so far.
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Andre Cronje: L2 as an AppChain is unreasonable for developers, underestimating the infrastructure and Compliance costs.

Sonic Labs CTO stated that L2 is illogical for developers as an AppChain, lacking infrastructure support and susceptible to attacks, eliminating network effects and still requiring a long transaction confirmation time. It also underestimates the cost of infrastructure and compliance. The CTO believes that time should be spent on addressing these issues rather than on applications and users.
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Federal Reserve Chairman Powell: Maintains expectation of two rate cuts in 2025, no adjustment to interest rate policy for now.

Gate News bot news, The Federal Reserve (FED) Chairman Powell recently delivered a speech, announcing that the FED will maintain the current interest rate level. He pointed out that the current weakness in economic growth is hedging against rising inflation, and the FED still expects to cut rates twice in 2025. Powell emphasized in his speech: "Our obligation is to keep long-term inflation expectations stable and ensure that one-time price increases don't become an ongoing inflation problem. We're better off waiting for clearer information before considering adjusting our policy stance. It's premature to say what the appropriate path of policy will be."
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PANews May 24th news, according to CoinDesk, Ethereum liquidity staking protocol Ether.fi announced the launch of mobile wallet and Visa credit card Ether.fi Cash, aiming to help users directly use their DeFi assets for daily consumption without the need for off-ramp operations. Ether.fi Cash cardholders can borrow funds by pledging their stake or liquidity deposits, and automatically repay bills with the interest earned from these investments. Users can also convert assets directly into USDC for instant settlement. Ether.fi Cash is expected to be launched to consumers starting from September, but it is unlikely to be available in some major markets including the United States due to regulatory reasons.
Golden Finance reported that the Ethereum liquidity staking protocol ether.fi announced the launch of Cash encrypted credit card to help users directly use their DeFi assets for daily consumption without the need for off-ramp operations. According to reports, Cash is expected to launch to consumers in September, but due to regulatory reasons, it may not be available in certain major markets, including the United States. Silagadze said that Cash will initially target encryption-native users, but its introduction may attract more people to participate in the encryption field.

Gunzilla Games announced Delphi Ventures as the largest validators on the GUNZ blockchain

Game studio Gunzilla Games announced that encryption risk investment company Delphi Ventures has become the largest validators on the GUNZ Block platform. GUNZ provides in-game assets as fully owned Non-fungible Tokens for trading, and OTG games are expected to be released later this year. Delphi Ventures has also invested around $6 million in Gunzilla Games.
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Delphi Ventures announced its largest game investment to date in Gunzilla Games

Piers Kicks, founding partner of Delphi Ventures, said that the investment in Gunzilla Games is its largest game investment to date, and its Off The Grid is the first on-chain game to land on PC and game consoles in less than 60 days. This may also be the best opportunity in the industry to attract the next 50 million users to go on-chain.
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Huatai Securities: Market turbulence may intensify, gold may still have relative returns.

Jinshi data, August 7th news, Huatai Securities research report stated that due to the relatively substantial increase in the previous period, coupled with the market's full pricing of the Fed's rate cut in September, it is not ruled out that there may be a slight pullback in the short term. However, with the recent deterioration of the situation in the Middle East and the market entering a risk-off mode, driven by the risk aversion sentiment, gold is still experiencing Favourable Information. Overall, at the current time, gold may still have relatively good returns. If subsequent economic data continue to weaken significantly, leading to the Fed's unexpectedly large rate cut or further escalation of geopolitical conflicts, it may re-ignite the pump in the gold price.
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