PACT

Key points from Powell's speech on April 16: The impact of tariffs may be more lasting, and cryptocurrencies are gradually becoming mainstream

ChainCatcher news, summary of key points from Powell's speech on April 16:Interest Rate Outlook: High uncertainty; currently in a good position, waiting for clearer signals before considering policy adjustments.Economic Outlook: The U.S. economy remains "robust," with strong imports in the first quarter causing a drag, GDP growth may slow compared to last year.Inflation Outlook: The impact of tariffs may be more persistent, expected to push up inflation; March PCE year-on-year is expected to be 2.3%, core PCE at 2.6%.Labor Market: Overall remains balanced; reduced funding for research is expected to have a significant impact on employment; unemployment rate is expected to rise.Tariff Impact: The extent of tariff increases so far has far exceeded expectations; policies are still being adjusted, and the impact remains highly uncertain.Cryptocurrency: Gradually becoming mainstream, a legal framework for stablecoins needs to be established; bank regulation is expected to see "partial easing."Independence: The independence of the Federal Reserve is legally granted; the Federal Reserve will not be influenced by political pressure.Others: Don't expect the Federal Reserve to step in to rescue the market; if a dollar shortage occurs, the Federal Reserve is prepared to provide liquidity to global central banks.Market Reaction: After a decline, the U.S. dollar index rebounded and then fell again; U.S. stocks continued to decline, with the Nasdaq down nearly 4%, and gold slightly climbed.

Thousands of Nigerian investors have been severely impacted by the CBEX Ponzi cryptocurrency scam, with the amount involved potentially reaching tens of millions of dollars

ChainCatcher news, according to CryptoSlate, the Nigerian digital asset trading platform CBEX has been exposed as a Ponzi scheme, causing significant financial losses for many investors. Although local media initially reported losses as high as 1.3 trillion naira (approximately 800 million USD), analysis indicates that the address is actually a Binance hot wallet, and the real loss amount may be closer to 12 million USD.CBEX claims to be the "China Beijing Equity Exchange," but it has no connection to the officially named institution in China. The platform, under the guise of AI quantitative strategies, promises to double returns in 30 days, attracting a large number of investors and requiring them to recruit others for commissions, essentially operating as a typical Ponzi structure. The project was even promoted in Nigerian national media as a "poverty alleviation program," further misleading users.By April 2025, CBEX suddenly froze accounts, preventing users from withdrawing funds, which sparked public outrage. Some investors besieged its offices in Ibadan and Lagos, and many victims shared their loss experiences on social media.Independent analyst Specter pointed out that CBEX is linked to other similar scams, LWEX and PCEX, suspected of sharing website architecture and funding flow patterns. The related wallets are also connected to the Southeast Asian payment system Huione Pay, which has been listed by Elliptic as one of the main hubs for money laundering and telecom fraud, involving over 24 billion USD in suspicious transactions.
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