The People's Bank of China Keeps Loan Prime Rate Unchanged

The central bank issues a digital currency report—does it directly refute Qu Bo? If Taiwan issues a CBDC, merchants generally cannot refuse to accept it

The central bank released a report stating that Taiwan’s CBDC development will follow a phased promotion strategy. In the short term, it is not urgent to issue retail CBDC; the focus is on wholesale CBDC and the infrastructure for asset tokenization. The central bank emphasized that CBDC will not increase the money supply and will have legal standing. As a rule, merchants may not refuse to accept it, in order to prevent the payment market from becoming overly dependent on the private sector.

U.S. Treasury Secretary Bessent: Fed Will Cut Rates Further; Oil Price Gains Not Translating to Inflation Expectations

U.S. Treasury Secretary Bessent indicated that the Federal Reserve may lower interest rates further, emphasizing that rising oil prices have not impacted inflation expectations, as they remain detached from broader economic price pressures.

Trump's Fed Chair Pick Kevin Warsh Has $131M–$209M Net Worth, Holds Crypto and AI Investments

Kevin Warsh, nominated by Trump for Federal Reserve chair, is the wealthiest candidate in recent history, with a net worth up to $209 million. His diverse investments include Silicon Valley, fintech, and AI. Despite potential conflicts, he has a modern view on digital assets.

Bank of Korea Governor Nominee Shin Hyun-song Signals Openness to CBDC and Private Stablecoins, Unveils Won Internationalization Plan

Shin Hyun-song, nominee for Bank of Korea governor, acknowledged the coexistence of CBDCs and stablecoins at a confirmation hearing. He proposed a three-pronged approach for the won's internationalization and pledged to divest foreign assets to prevent conflicts of interest.

Former U.S. Treasury Secretary Yellen Says Fed Rate Cut Still Possible This Year

Former Treasury Secretary Janet Yellen believes the Federal Reserve may cut interest rates this year, despite uncertainty from the Iran war and oil price volatility. She sees a broad supply shock impacting various sectors but suggests stable inflation expectations make rate hikes unlikely.

Fed Chair Nominee Kevin Warsh Discloses Crypto Investments Ahead of Senate Hearing

Kevin Warsh, nominated for Federal Reserve Chair, reported investments in over 20 digital asset companies. His portfolio includes DeFi platforms, blockchain networks, and Web3 projects. The Senate Banking Committee may advance his nomination, raising potential conflict of interest concerns.