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- RECUR, an NFT brand experience company, will halt its use of the RECUR platform beginning November 16. - Earlier, Paramount had partnered with RECUR to create the fan-focused #NFT #marketplace Paramount.xyz. - Haru Invest's CEO, Hugo Lee, has communicated to members that the current #recovery process for certain #assets is not effectively aligning with the timing and methods desired by most members. - Some companies identified by creditors for asset recovery aren't actively operational or holding member assets, according to Lee. - Lee intends to present #essential factual confirmations through court procedures to clarify this matter. - Detailed information about these facts will be shared during the September 7 inquiry day, including Haru Invest's thoughts on asset distribution strategies. - Lee emphasized the separation of customer allocation assets from company operating expenses since the suspension of withdrawal services on June 13. - The company's operations have stopped, expenses have been restricted, and assets have been depleted. - Assets assigned to members are being managed independently, and external management partners are handling the recovery process. - Haru Invest is collaborating with investigative agencies to recover B&S Holdings assets, which is expected to take a significant amount of time. - Despite challenges, the company will continue to cooperate with investigative agencies. - The previously announced asset allocation plan (recovered assets via installment payments) remains possible after explaining the settlement process to the court and completing subsequent stages of progress.

- RECUR, an NFT brand experience company, will halt its use of the RECUR platform beginning November 16.

- Earlier, Paramount had partnered with RECUR to create the fan-focused #NFT #marketplace Paramount.xyz.

- Haru Invest's CEO, Hugo Lee, has communicated to members that the current #recovery process for certain #assets is not effectively aligning with the timing and methods desired by most members.

- Some companies identified by creditors for asset recovery aren't actively operational or holding member assets, according to Lee.

- Lee intends to present #essential factual confirmations through court procedures to clarify this matter.

- Detailed information about these facts will be shared during the September 7 inquiry day, including Haru Invest's thoughts on asset distribution strategies.

- Lee emphasized the separation of customer allocation assets from company operating expenses since the suspension of withdrawal services on June 13.

- The company's operations have stopped, expenses have been restricted, and assets have been depleted.

- Assets assigned to members are being managed independently, and external management partners are handling the recovery process.

- Haru Invest is collaborating with investigative agencies to recover B&S Holdings assets, which is expected to take a significant amount of time.

- Despite challenges, the company will continue to cooperate with investigative agencies.

- The previously announced asset allocation plan (recovered assets via installment payments) remains possible after explaining the settlement process to the court and completing subsequent stages of progress.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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In a significant update, Federal Reserve (FED) official Bostic has shed light on the prospect of a rate cut, stating unequivocally that there will be no reduction in interest rates until the end of the year. This statement marks a departure from previous ambiguity, offering clarity on the central bank's monetary policy direction. Bostic, in his recent remarks, also shared his optimistic economic outlook, asserting that he does not foresee any recession looming on the horizon. Emphasizing the importance of maintaining steady growth, he highlighted the Fed's commitment to supporting the economy. "As we accomplish both tasks, I think the economy will continue to grow," remarked Bostic, underscoring the Fed's dual mandate of fostering maximum employment and stable prices. He hinted that interest rates could remain unchanged as long as the labor market remains resilient. A recent survey conducted among economists reflects varied opinions regarding the future of interest rates. While 50 out of 100 economists predict a rate cut of 50 basis points in 2024, 34 economists anticipate a more substantial reduction exceeding 50 basis points. On the contrary, four economists foresee no reduction in interest rates. Bostic's candid disclosure regarding the Fed's stance provides market participants with crucial insights into the central bank's policy trajectory. With interest rates expected to remain unchanged until year-end, investors and analysts will closely monitor economic indicators for further clues on monetary policy adjustments. #Megadrop #bitcoinhalving #BullorBear
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