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🚨Federal Reserve Likely to Maintain Interest Rates in August, Predicts CME According to Odaily, the CME's 'Federal Reserve Watch' has predicted that the Federal Reserve is likely to maintain its current interest rates in August, with a probability of 94.3%. The chance of a 25 basis point cut is estimated at 5.7%. Looking ahead to September, the likelihood of the rates remaining unchanged drops to 27.4%. The probability of a cumulative 25 basis point cut increases to 68.6%, while the chance of a cumulative 50 basis point cut is predicted at 4.0%. These predictions provide an insight into the potential future actions of the Federal Reserve, which can have significant impacts on the economy.
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🚨Archegos Founder Bill Hwang Found Guilty In Fraud Case According to Odaily, Bill Hwang, the founder of Archegos Capital Management, has been found guilty of multiple charges related to fraud and market manipulation. The verdict came after a two-month trial that concluded on Wednesday. Hwang, 60, was charged alongside co-defendant and CFO Patrick Halligan. Despite pleading not guilty to one count of conspiracy to commit fraud, three counts of fraud, and seven counts of market manipulation, ten out of the eleven charges were upheld. Hwang now faces up to 20 years in prison for each of the upheld charges, although the actual sentences could be significantly less. Prosecutors claimed that Hwang secretly amassed substantial shares in multiple companies without actually owning the stocks. Archegos' market position once inflated to $160 billion due to their deceptive trading strategy, which concealed their true scale from the market. By using borrowed funds and derivatives that did not require public reporting, Hwang and his hedge fund were able to remain anonymous. Archegos collapsed in March 2021, leading to a rush on Wall Street to liquidate positions related to the firm. When the dust settled, trading counterparts including Credit Suisse Group, Morgan Stanley, and Nomura suffered losses exceeding $10 billion. This incident also laid the groundwork for the bankruptcy of Credit Suisse.🔥
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Crypto project "Digibyte" ✅ It holds good aspirations, as the currency struggles to take off. Looking at the market situation, we find that the market needs a new currency that is as strong as $BTC So does the $DGB currency do it? $DGB
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90 minutes until 1D bull div number 2 confirms before 10 Facts Honestly this looks fire Double whammy daily bull div coming out of oversold, rare af Protect this daily candle bulls + get it over the line 10 minutes before and 1 hour before the plan
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End of Bear trap. 🌟 Bulls are coming !
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