ChainCatcher news, Pepperstone analyst Wu Dilin stated that the yen will remain under pressure due to the Bank of Japan's cautious stance on interest rate hikes and the country's negative real interest rates. He also mentioned that as the market gradually digests the possibility of Trump's re-election, the Federal Reserve's interest rate cuts and debt issues may once again become key driving factors for the dollar's movement, which could alleviate some of the pressure on the yen.

ChainCatcher news, according to Jinshi reports, Bank of America CEO Brian Moynihan believes that if the United States does not balance its spending with economic growth, it will regret it. If this issue is not addressed, the U.S. may lose its "gold standard" status in the economy.He also stated that the debt issue is not something that can be handled in the first week of a new government taking office, nor is it a problem that the old government can continue to govern------it is a discipline issue that spans time.

ChainCatcher News, President Biden stated during a speech on the debt ceiling issue: "Yesterday's talks were productive. I am confident that we will reach an agreement (on the debt ceiling) and I am certain that the United States will not default. We must come together because there is no other choice. The leaders agree that we will not default. I am proud of the progress the government has made in reducing the deficit. A group of negotiators met on Tuesday night, and we will meet again on Wednesday. I will stay in close contact with the negotiators during my visit."Biden also stated: "We will continue to discuss until we reach an agreement. A press conference on the debt issue will be held on Sunday." (source link)

ChainCatcher news, Bitcoin mining company TeraWulf raised $32 million through an IPO and reached a principle-binding agreement with existing lenders to restructure its debt.According to reports, CEO Paul Prager stated, "In achieving these milestones, we are more confident than ever that TeraWulf can achieve profitable growth and compelling returns." After the transaction is completed, the company expects to generate free cash flow. (Source link)

ChainCatcher news, according to sources cited by Blockworks, Binance US and Coinbase are competing for the BlockFi credit card program and its related customers, while Curve is also seeking about 87,500 BlockFi accounts.It is reported that there is a significant $800 million hole on BlockFi's balance sheet, and an agreement is expected to be reached within 72 hours. (Source link)