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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6827.42
6827.42
6827.42
6899.86
6801.80
-73.58
-1.07%
--
DJI
Dow Jones Industrial Average
48458.04
48458.04
48458.04
48886.86
48334.10
-245.98
-0.51%
--
IXIC
NASDAQ Composite Index
23195.16
23195.16
23195.16
23554.89
23094.51
-398.69
-1.69%
--
USDX
US Dollar Index
97.950
98.030
97.950
98.500
97.950
-0.370
-0.38%
--
EURUSD
Euro / US Dollar
1.17394
1.17409
1.17394
1.17496
1.17192
+0.00011
+ 0.01%
--
GBPUSD
Pound Sterling / US Dollar
1.33707
1.33732
1.33707
1.33997
1.33419
-0.00148
-0.11%
--
XAUUSD
Gold / US Dollar
4299.39
4299.39
4299.39
4353.41
4257.10
+20.10
+ 0.47%
--
WTI
Light Sweet Crude Oil
57.233
57.485
57.233
58.011
56.969
-0.408
-0.71%
--

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Ukraine Says It Received 114 Prisoners From Belarus

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USA Embassy In Lithuania: Maria Kalesnikava Is Not Going To Vilnius

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USA Embassy In Lithuania: Other Prisoners Are Being Sent From Belarus To Ukraine

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Ukraine President Zelenskiy: Five Ukrainians Released By Belarus In US-Brokered Deal

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USA Vilnius Embassy: USA Stands Ready For "Additional Engagement With Belarus That Advances USA Interests"

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USA Vilnius Embassy: Belarus, USA, Other Citizens Among The Prisoners Released Into Lithuania

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USA Vilnius Embassy: USA Will Continue Diplomatic Efforts To Free The Remaining Political Prisoners In Belarus

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USA Vilnius Embassy: Belarus Releases 123 Prisoners Following Meeting Of President Trump's Envoy Coale And Belarus President Lukashenko

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USA Vilnius Embassy: Masatoshi Nakanishi, Aliaksandr Syrytsa Are Among The Prisoners Released By Belarus

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USA Vilnius Embassy: Maria Kalesnikava And Viktor Babaryka Are Among The Prisoners Released By Belarus

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USA Vilnius Embassy: Nobel Peace Prize Laureate Ales Bialiatski Is Among The Prisoners Released By Belarus

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Belarusian Presidential Administration Telegram Channel: Lukashenko Has Pardoned 123 Prisoners As Part Of Deal With US

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Two Local Syrian Officials: Joint US-Syrian Military Patrol In Central Syria Came Under Fire From Unknown Assailants

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Israeli Military Says It Targeted 'Key Hamas Terrorist' In Gaza City

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Rwanda's Actions In Eastern Drc Are A Clear Violation Of Washington Accords Signed By President Trump - Secretary Of State Rubio

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Israeli Military Issues Evacuation Warning In Southern Lebanon Village Ahead Of Strike - Spokesperson On X

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Belarusian State Media Cites US Envoy Coale As Saying He Discussed Ukraine And Venezuela With Lukashenko

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Belarusian State Media Cites US Envoy Coale As Saying That US Removes Sanctions On Belarusian Potassium

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Thai Prime Minister: No Ceasefire Agreement With Cambodia

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US, Ukraine To Discuss Ceasefire In Berlin Ahead Of European Summit

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          Donald Trump Announces Exclusive Gala For TRUMP Coin Holders, FloppyPepe (FPPE) Set For 500% Gains

          Catherine Richards

          Cryptocurrency

          Economic

          Summary:

          Two meme giants are vying for dominance in the crypto landscape: $TRUMP coin, the politically charged token backed by Donald Trump, and FloppyPepe (FPPE), the AI-powered phenomenon that's turning heads and wallets. But beneath the surface of this meme battle lies a story about utility, technology, and the power of intelligent ecosystems.

          Two meme giants are vying for dominance in the crypto landscape: $TRUMP coin, the politically charged token backed by Donald Trump, and FloppyPepe (FPPE), the AI-powered phenomenon that's turning heads and wallets. But beneath the surface of this meme battle lies a story about utility, technology, and the power of intelligent ecosystems.

          Donald Trump's $TRUMP Coin Gala Triggers Market Surge.

          In a striking political-crypto crossover, President Donald Trump has announced a high-profile gala dinner for elite $TRUMP coin. Scheduled for May 22, 2025, at the Trump National Golf Club in Washington, D.C., this event is reserved for the top 220 investors of $TRUMP coin. Among them, 25 will receive ultra-exclusive access to a private VIP reception and a rare behind-the-scenes tour, potentially in the presence of Donald Trump himself.
          The announcement electrified the market, causing $TRUMP to surge by over 60% in under 48 hours. The promise of proximity to Donald Trump and limited-edition NFTS for attendees ignited a wave of FOMO-driven buying, pushing the TRUMP coin narrative back into mainstream attention.

          TRUMP Coin Could Be Net-Deficit For Crypto.

          As speculation mounted, the event blurred the line between political influence and crypto ambition, with critics raising concerns about ethical boundaries and potential conflicts of interest associated with Donald Trump's dual roles.
          While the $TRUMP coin basks in the limelight of exclusivity and spectacle, questions remain about its long-term utility. The surge, though steep, remains rooted in status symbols rather than clever ecosystem mechanics. For investors seeking more than just vanity metrics, the spotlight is gradually shifting toward a more functional, intelligent meme token: FloppyPepe (FPPE).

          Why The Future Looks 500% Brighter For FloppyPepe (FPPE) Over $TRUMP?

          While Donald Trump's $TRUMP captures headlines, the meme token ecosystem led by FloppyPepe (FPPE) is quietly building a technological empire beneath the hype. This is an AI-backed platform with real-time adaptive intelligence embedded into its core.
          As AI is now a must-have utility for relevance and speed in meme culture, this meme coin stands out as the bridge between entertainment and AI utility.

          Its AI Agent operates on an event-driven framework that reacts instantly to market updates, breaking news, and community activity. Powered by GPT-based models and low-latency web socket communication, it delivers real-time insights, dynamic forecasts, and responsive alerts. The Meme-o-Matic and FloppyX AI Video Bot have redefined meme creation, turning every investor into a content powerhouse with viral-ready media tools at their fingertips.

          A Legacy Worth Remembering.

          The platform’s recent beta launch on Telegram marks the dawn of a new era in the AI-agent crypto sector. Unlike the TRUMP coin, which relies on brand attachment to Donald Trump, FloppyPepe (FPPE) goes beyond being tied to Matt Furie’s legacy by helping traders to act with speed and intelligence, backed by machine learning.
          The SolidProof-audited smart contract infrastructure makes sure that, unlike vague promises tied to Donald Trump appearances, FloppyPepe (FPPE) is backed by verified security and transparent mechanisms. With airdrops and even the world’s most enormous meme wall in the works, it’s barely scratching its potential. Sitting at $0.0000002, the upside is staggering. Savvy investors know that a 500% gain is on the horizon.

          FloppyPepe (FPPE): The Choice For Explosive Gains.

          $TRUMP coin has Donald Trump. FloppyPepe (FPPE) has a fully adaptive AI agent, cross-platform functionality, and explosive growth potential. One offers a probable dinner with a president, while the other provides a front-row seat to a meme shaped by machine intelligence and community power.
          In just 24 hours, FloppyPepe (FPPE) closed its private sale, surpassing the $900,000 cap. Investor adoption is surging, driven not by events but by innovation. Referral rewards are exploding as the Memevannah movement gains momentum; every new user brought into the fold earns tokens, amplifying community expansion and injecting life into the market.
          Every FloppyPepe (FPPE) transaction supports growth, with a 3% fee split among redistribution, burn, and charity initiatives, making each trade contribute to a larger vision. With the prices on the ground floor and the beta platform now live, every second missed is a 500% gain opportunity lost. Be early.
          Join the FloppyPepe (FPPE) presale and community:
          Website: https://floppypepe.io/
          Whitepaper: https://floppypepe.gitbook.io/floppypepe.io
          Telegram: https://t.me/floppypepeofficial
          X (Twitter): https://x.com/floppypepe
          The post Donald Trump Announces Exclusive Gala For TRUMP Coin Holders, FloppyPepe (FPPE) Set For 500% Gains appeared first on TheCoinrise.com.

          Source: CryptoSlate

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          South Korea, U.S. aim for Package Deal Before Tariff Pause ends in July, Seoul Says

          Manuel

          Political

          Economic

          China–U.S. Trade War

          South Korea and the United States agreed to craft a package of deals aimed at removing new U.S. tariffs before the pause on reciprocal tariffs are lifted in July, Seoul's delegation said after the first round of trade talks in Washington.
          The U.S. and South Korea had a "very successful" meeting on Thursday, U.S. Treasury Secretary Scott Bessent said afterwards.
          "We may be moving faster than I thought, and we will be talking technical terms as early as next week," he told reporters.
          Bessent and Trade Representative Jamieson Greer met with South Korean Finance Minister Choi Sang-mok and Industry Minister Ahn Duk-geun.
          Neither side offered details on possible areas of agreement, but South Korea said in a statement it requested exemptions from reciprocal and item-specific U.S. tariffs, and offered cooperation on shipbuilding and energy as well as addressing trade imbalances.
          "During the meeting, the two countries reached a broad agreement on the framework for future discussions," Ahn later told reporters. "We also agreed to hold working-level talks next week to determine the scope and structure of talks, with the goal of producing a 'July package' by the July 8 deadline."
          Choi said more talks will be held in Seoul on May 15-16 with Greer.
          "Discussions will focus on four key areas: tariffs and non-tariff measures, economic security, investment cooperation, and currency policy," Choi said.
          The discussions with South Korea took place as Bessent and other Trump administration trade team members met with a multitude of foreign finance and trade officials looking to strike tariff deals on the sidelines of this week's meetings of the International Monetary Fund and World Bank Group in Washington.
          South Korea, which faces 25% U.S. reciprocal tariffs, is among the first countries the Trump administration has initiated trade talks with, after its first face-to-face discussions last week with Japan, another key Asian ally slapped with 24% tariffs. Bessent was also due to meet Japanese officials on Thursday.
          Choi said South Korea focused in particular on the automobile sector, which faces the greatest negative impact.
          The South Koreans also asked for understanding from the Americans that the process could be affected by the "political schedule," apparently referring to the looming June 3 snap election in South Korea, which was called after Yoon Suk Yeol was ousted for his role in imposing martial law in December.
          Acting President Han Duck-soo has expressed willingness to reach a deal, saying the country will not fight back against Washington as it owes the U.S. for its recovery from the 1950-1953 Korean War.
          That has faced pushback from the liberal opposition who are favoured to win in the election, accusing Han of rushing talks for political gain.
          Experts have also noted it may be difficult for South Korea to make any firm commitment on energy projects and defence costs under an acting president.

          Source: Reuters

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          PayPal and Coinbase Deepen Alliance to Boost PYUSD Adoption

          Manuel

          Cryptocurrency

          PayPal and Coinbase have announced an expanded partnership to accelerate the adoption and real-world utility of PayPal USD (PYUSD), according to an April 24 press release.
          The initiative marks a deeper integration between two of the largest names in payments and crypto, as they collaborate to build infrastructure for stablecoin-driven commerce.

          Payments and DeFi innovation

          The companies announced that Coinbase users can now purchase PYUSD without fees and redeem it 1:1 for US dollars directly through the Coinbase platforms.
          The goal is to streamline access to PYUSD for both retail and institutional users while exploring broader use cases in commerce and DeFi.
          The partnership builds on the firms’ initial 2021 collaboration that allowed Coinbase users to link their PayPal accounts for direct crypto purchases and fiat withdrawals. The new phase of the alliance goes further by embedding PYUSD as a core asset across both companies’ ecosystems.
          As part of the agreement, PayPal and Coinbase will collaborate on cross-border payment solutions and financial tools designed to help consumers and businesses manage money more quickly and cost-effectively.
          According to both firms, PYUSD, as a regulated and fully-backed stablecoin, is positioned to serve as the digital bridge currency across jurisdictions.
          In addition, both firms plan to explore DeFi integrations, leveraging Coinbase’s onchain infrastructure to test PYUSD in decentralized environments. This includes support for developers building apps that integrate stablecoins into automated financial services and Web3 platforms.

          Strategic bet on stablecoins

          The move comes amid growing interest in regulated stablecoins from both fintech companies and traditional financial institutions.
          The expansion comes amid a surge in stablecoin adoption. In 2024, the total supply of stablecoins grew by 63%, reaching $225 billion, with active stablecoin wallets increasing by 53% to over 30 million.
          Stablecoins facilitated $35 trillion in total transfers over the past year, surpassing the combined volume of Visa and Mastercard transactions in 2024
          By pairing PayPal’s global reach, which spans over 430 million accounts, with Coinbase’s crypto-native infrastructure, the companies aim to push PYUSD adoption beyond trading into everyday payments.
          The expanded partnership signals a strategic alignment around the role of stablecoins in the future of digital money and positions PYUSD as a leading contender among fiat-pegged tokens.

          Source: Cryptoslate

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Brazil Central Bank Keeps May Rate Hike Open Amid Uncertainty, Unclear Activity Trend

          Manuel

          Central Bank

          Forex

          Brazil's central bank has left the size of its upcoming interest rate hike in May open and remains unable to gauge it, citing a still-uncertain economic outlook and inconclusive signs of cooling activity in Latin America's largest economy.
          The message was conveyed on Thursday by two central bank directors during events hosted by Brazilian institutions on the sidelines of the IMF and World Bank Spring Meetings in Washington.
          Brazilian policymakers raised interest rates by 100 basis points for the third consecutive time in March, bringing the benchmark Selic rate to 14.25%, fully adhering to a forward guidance they had issued in December.
          The bank signaled a further, albeit smaller, hike for May, but stopped short of specifying its size, unlike previous instances when it explicitly indicated that 100 basis-point increases were appropriate.
          Speaking at an event hosted by brokerage XP, the bank's economic policy director Diogo Guillen said that policymakers must be "extra cautious" and "more flexible" in the face of heightened uncertainty, as the current environment clouds interest rate guidance.
          Also speaking at a sideline event in Washington, on Wednesday, monetary policy director Nilton David said he was skeptical about providing forward guidance due to the uncertainty in between meetings, which could have an impact on domestic inflation.
          Paulo Picchetti, the bank's director of international affairs, emphasized at an event hosted by lender Itau later in the day that policymakers have left the outcome of May's monetary policy meeting open and there is little more he can say about future decisions given the current environment.
          "There are very important elements that will impact our decision about which you don't have a clear picture yet," he said.
          Picchetti also acknowledged that two key variables of the current tightening cycle remain unclear - its total size and duration.
          "Both are open now. They will be analyzed and communicated through time in the best manner for us to believe that they can shift expectations towards the (inflation) target we have a mandate to achieve," he said.
          Picchetti stressed that domestic economic indicators can be interpreted in various ways and that "none of them, I believe, presents a clear trend for us to base decisions."
          According to Guillen, there is no concrete evidence of an economic slowdown in the country, noting that signals vary significantly across different sectors.
          He said the central bank's previous language referring to "incipient signs" of moderation remains an appropriate way to describe the current situation.
          Guillen defended the effectiveness of the bank's monetary policy and said its reaction function remains stable, with decisions based on the same factors whether in tightening or easing cycles.
          "It's a world of high uncertainty," said Guillen.
          "When you have less uncertainty, you can provide more visibility and have a better commitment. When you have higher uncertainty, you commit less and incorporate more the data," he added.
          Guillen said that in the central bank's latest analysis ahead of its policy decision, the only point of consensus among all members of the rate-setting board was their discomfort with inflation expectations.
          He noted that while expectations remain unanchored, they are now more stable than last year, when they were drifting further from the official 3% target.
          Guillen also pointed to persistently high and sticky services inflation, saying it feeds into the bank's models and implies a more positive output gap.

          Source: Reuters

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Wall Street Rally Powers On as Fed-Cut Wagers Grow: Markets Wrap

          Manuel

          Stocks

          Economic

          Wall Street investors weighing the impacts of President Donald Trump’s trade war on Corporate America sent stocks climbing on bets the Federal Reserve could cut rates sooner than anticipated to prevent a recession.
          The rally in equities drove the S&P 500 up about 2%, toward the highest since the day Trump announced his tariff offensive. The president said the US is talking with China on trade despite Beijing’s denial. Big tech led gains before Alphabet Inc.’s earnings. Bond yields slid on wagers Fed Chair Jerome Powell will be under pressure to ease policy if the labor market unravels.
          In an interview with Bloomberg Television, Fed Governor Christopher Waller said he’d support rate cuts in the event aggressive tariff levels hurt the jobs market. Fed Bank of Cleveland President Beth Hammack told CNBC the central bank could move on rates as early as June if it has clear evidence of the economy’s direction.
          “While the Fed has maintained a cautious approach to monetary easing, we believe it will be willing and able to respond to signs of economic weakness, especially rising layoffs,” said Ulrike Hoffmann-Burchardi at UBS Global Wealth Management.
          Trump’s tariffs are more likely to hurt growth than spur inflation, Myles Bradshaw at JPMorgan Asset Management told Bloomberg Television. He expects the US central bank will eventually need to cut rates more aggressively, having kept policy on hold for longer.
          As traders waded through the latest batch of earnings, Texas Instruments Inc. jumped on a bullish forecast, while International Business Machines Corp.’s solid results failed to impress investors.
          Among companies showing unease about prospects for the economy are American Airlines Group Inc., which withdrew its full-year earnings outlook, while PepsiCo Inc. and Procter & Gamble Co. lowered their forecasts.
          The looming impact of higher costs from the Trump administration’s trade policy is making it very difficult for the corporate world to forecast how the year will play out as consumers brace for economic pain.
          “Companies with direct impact from tariffs are generally being forthcoming, providing guide that incorporates the full brunt of both blanket and reciprocal tariffs,” said John Belton at Gabelli Funds.
          In another sign of how firms are growing cautious amid uncertainty surrounding tariffs and tax policy, data Thursday showed orders placed with US factories for business equipment barely rose in March.
          “Companies are front-running the tariffs, so these durable goods data aren’t something to get excited about,” said Jamie Cox at Harris Financial Group. “The good news is that companies are protecting their earnings and margins, and investors will be happy about that.”
          Yet several analysts are already souring on the profit outlook due to the risk of an economic slowdown, with the US benchmark’s earnings revisions breadth — or estimated upgrades versus downgrades — approaching downside extremes.
          One of Wall Street’s biggest bulls is seeing tariffs hitting corporate America the hardest. Deutsche Bank AG’s Bankim Chadha slashed his year-end S&P 500 target to 6,150. He also sees S&P 500 earnings declining 5% this year, compared with a consensus expecting 8% growth.
          “Investors should continue to focus on the long term, with an eye toward companies with high earnings achievability, limited tariff exposure, and quality balance sheets, “ said Daniel Skelly, head of Morgan Stanley’s Wealth Management Market Research & Strategy Team.
          While stocks stocks have finally found breathing room, that doesn’t mean pressure points that rattled the market are gone, according to Goldman Sachs Group Inc.’s Flow of Funds team.
          “Much like an 80 degree day in NYC in April, I wouldn’t jump into the pool just yet,” the funds specialists wrote in a note to clients this week.
          “We continue to expect very volatile trading heading into and including next week,” said Dan Wantrobski at Janney Montgomery Scott. “This includes the potential for explosive moves in either direction.”
          He also noted that the 5,500 level in the S&P 500 remains a key resistance level to watch. That’s roughly a 50% retracement of the entire correction cycle to date, he added.
          “Rallying above this on a closing basis would generate a bullish technical signal and help put the bulls back in charge of the field,” he concluded.
          Craig Johnson at Piper Sandler noted that while the recent rally is constructive, he’s also monitoring the S&P 500’s March lows around 5,500 as a key resistance.
          “Until buyers overcome that level, ideally with increased volume, more backing and filling is likely,” he said. “However, once 5,500 is successfully cleared, we are likely to see another leg up toward 5,800.”

          Source: Bloomberg

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          Japan, US Finance Chiefs Meet for Talks on Currency Rates

          Manuel

          Forex

          Central Bank

          Japanese and U.S. finance chiefs meet on Thursday for high-stakes talks on exchange rates that have drawn market attention as a venue where Washington could pressure Tokyo to prop up the yen and help it reduce the huge U.S. trade deficit.
          As the two countries proceed with separate bilateral talks on tariffs, the thorny currency rate topic has been set aside for Japanese Finance Minister Katsunobu Kato and U.S. Treasury Secretary Scott Bessent to discuss in Washington - the first face-to-face talks between the two.
          U.S. President Donald Trump's focus on addressing the trade deficit, and his past remarks criticizing Japan for intentionally maintaining a weak yen, have led to market expectations that Tokyo will face pressure to strengthen the yen's value against the dollar and give U.S. manufacturers a competitive advantage.
          Such expectations have pushed up the yen against the dollar by about 9% since Trump's return to office in January.
          Bessent has also said he was looking forward to discussions with Japan on tariff, non-tariff barriers and exchange rates.
          So far, Japan has revealed little on its strategy, saying it will negotiate with the U.S. based on a shared understanding that currency rates should be set by markets, and that excessive market volatility would have an adverse impact on growth.
          "The only thing I can say is that we will actively exchange views based on Japan's basic stance" on currencies, Kato told Reuters last week, when asked what he may discuss with Bessent.
          But sources have told Reuters that Japanese policymakers see little scope for direct action such as currency intervention or an immediate interest rate hike by the central bank.

          HEIGHTENED UNCERTAINTY

          Japan's latest foray into the exchange-rate market was in 2024, when it bought yen to prop up the currency from a nearly three-decade low of 161.99 to the dollar hit in early July.
          With broad-based dollar declines already having pushed up the yen to around 140 per dollar, Japanese officials are wary of taking steps to further strengthen the currency for fear of narrowing exporters' margins at a time of tariff strains.
          The hurdle is even higher to use Japan's monetary policy as a means to prop up the yen. The Bank of Japan is in no mood to rush into hiking rates at a time Trump's tariffs threaten to derail Japan's fragile economic recovery.
          For Japanese finance authorities, the focus would be to avoid being forced to make explicit exchange-rate commitments as part of a broader bilateral trade deal, as doing so could tie their hands in dealing with sharp moves in the yen.
          Bessent said on Wednesday the U.S. does not have specific currency targets in mind as part of bilateral trade talks with Japan, offering some relief for Japan.
          In a sign of Japan's sensitivity over exchange rate moves, Kato said he told a meeting of G20 finance chiefs on Wednesday that U.S. tariff measures have heightened uncertainty, destabilized markets including currency rates, and hurt growth.
          "The G20 must monitor developments carefully, exchange information, and coordinate in responding nimbly to maintain economic and market stability," Kato told a news conference after attending the G7 and G20 finance leaders' meetings in Washington.
          The meeting between Kato and Bessent on Thursday afternoon will be followed by a scheduled visit to Washington by Japan's top trade negotiator Ryosei Akazawa next week for a second round of bilateral trade talks.

          Source: Reuters

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          SoftBank Is Buying Bitcoin Again, After $130M Loss in 2018. Is This Time Different?

          Manuel

          Cryptocurrency

          Japanese investment giant SoftBank is dipping its toes back into crypto by backing a new bitcoin (BTC) investment vehicle, Twenty One Capital, in conjunction with Tether, Bitfinex, and Cantor Fitzgerald.
          For some, the SoftBank Group—which has $308.7 billion assets under management—taking an interest in bitcoin is a welcome development and another sign of mounting institutional crypto adoption. After all, SoftBank functions more or less like a Japanese sovereign wealth fund, according to Jeff Park, head of alpha strategies at Bitwise.
          But for seasoned observers, it could be more of a déjà-vu than a breakthrough.
          Flashback to 2019, SoftBank made headlines when its founder, Masayoshi Son, took a gigantic loss on a personal bitcoin investment.
          Son had taken exposure to cryptocurrency in late 2017, when the ICO mania was at its peak and bitcoin was trading at an all-time high of around $20,000.
          With bitcoin now trading at $93,000, Son’s investment would have been very profitable had he held on. But he sold in early 2018 as bitcoin began to crash, resulting in a $130 million loss, according to the Wall Street Journal.
          So the question investors could be asking themselves now is, would this time be different?.
          To find a clue, let's take Oracle (ORCL) stock as an example. Recently, U.S. President Donald Trump announced that SoftBank would be part of a $100 billion push to build AI infrastructure in the U.S. in conjunction with OpenAI and Oracle (ORCL).
          One would say this is a bullish outcome for ORCL stock. However, since the announcement was made on Jan. 22, coinciding with ORCL topping at $188 per share, the stock fell 28%, while the Nasdaq has gone down 12% in the same period of time.
          Other outside factors, including macro headwinds and geopolitical tension, could explain the underperformance. It could also be just a plain coincidence. However, one analyst tied this Oracle selloff to Softbank's involvement in the AI infrastructure project.
          “When SoftBank enters an asset you own, you sell. I don't make the rules,” Quinn Thompson, founder of crypto hedge fund Lekker Capital, wrote in a post on X, citing the Oracle pullback.

          Source: CoinDesk

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
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