WuBlockchain Weekly: China Unveils Massive Stimulus Measures | WuBlockchain on Binance Square

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WuBlockchain Weekly: China Unveils Massive Stimulus Measures, Harris Integrates Cryptocurrency into Her policy, CZ May Have Been Released Early from Prison, etc
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ZachXBT warns that there has been an increase in offline robberies targeting cryptocurrency traders in Western Europe in recent months. All cases involve well-known figures in the crypto community who were threatened at gunpoint. Hong Kong and Singapore have also seen offline robberies targeting cryptocurrencies recently.

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Coinbase Research: The correlation between crypto and stock markets has been high lately, near 50%, driven by global easing campaigns in the US and China. Gaming, Scaling Solutions, and Layer-0 were some of the best performing sectors. Overall, key metrics indicate a robust market. The market is well positioned to head into what is typically a good month for crypto with BTC up 8 of the last 10 Octobers.

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The yen surged, Japanese stocks fell, and the yield on Japan's 10-year government bonds rose due to concerns that the new Japanese prime minister's economic policy would turn to tightening. If the yen continues to rise, the reversal of the yen carry trade in early August this year may reappear. The new prime minister may cause the Bank of Japan to turn marginally hawkish in the future.

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The U.S. announced that the core PCE price index rose by 0.1% in August, which was expected to be 0.20% and the previous value was 0.20%. The data suggests that inflationary pressures have eased and may affect the Fed's future monetary policy decisions, such as the possibility of interest rate cuts.

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U.S. authorities on Thursday charged Russian citizens Sergey Ivanov and Timur Shakhmametov with participating in a global network of money laundering and sanctions evasion using cryptocurrencies, offering a $10 million reward each for information leading to their arrest. U.S. authorities also seized websites associated with three illegal crypto exchanges linked to Russia.

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