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The second quarter of 2023 marked the fourth consecutive quarter of declines in deal value, highlighting the prolonged nature of the downturn. The Chinese startup ecosystem, once a hotbed for innovation and home to tech giants like ByteDance and Didi Chuxing Technology Co Ltd, has recorded a slower growth rate in
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Bitcoin rose/fell to $XX,XXX in the minutes following the report. Source
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Equity markets soared on the news, led by the Nasdaq’s 4.5% advance. Bitcoin (BTC) rallied as well, briefly topping $17,000 from the mid-$16,000 area (it’s trading at $16,900 at press time). The rallies were somewhat surprising as bets on a smaller-than-usual rate hike in December barely changed after Powell’s comments
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The majority of Federal Reserve officials thought slower rate hikes would be appropriate soon. It is still unclear how high the terminal rate will be. Original Source
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Lee Hardman, currency analyst at MUFG Bank, said in Tuesday's client note, "If the Fed does slow the pace of hikes in December, it does not necessarily mean as well that the total amount of tightening delivered in the current tightening cycle will be less, although that will be the
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While a great number of crypto asset values have improved over the last month, meme-based crypto assets have also advanced against the U.S. dollar. 53 days ago on June 21, the top meme coins by market valuation were once worth $14.5 billion and since then, the meme coin economy has
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“This improved sentiment could be a seasonal phenomenon, but we are not seeing a commensurate rise in volumes in investment products,” said a CoinShares report published Monday. “This suggests that some investors are taking advantage of recent price weaknesses and the continued rise in alt-coin popularity,” added the report. Source
Read MoreCryptox Markets: Paul Tudor Jones. Did his investment into Bitcoin spark a new bull cycle?Max Keiser: First, we need to go back to the Genesis Block and understand that everything that has happened and will ever happen with Bitcoin came into existence at that instant and the world and our species were
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