Regulators are growing anxious about stablecoins after Terra’s stunning collapse
U.S. Treasury Secretary Janet Yellen has urged Congress to approve federal regulation of stablecoins. Source link
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DXY US Dollar Currency Index
World’s biggest stablecoin regains dollar peg after $3 billion in withdrawals
The collapse of another so-called stablecoin called terraUSD had shaken crypto investors' confidence in tether. Source link
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The world’s biggest stablecoin has dropped below its $1 peg
Tether sank to as low as 98 cents Thursday morning, according to data from CoinGecko. Source link
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As the U.S. dollar trades at a 20-year high, Bernstein says these global stocks could benefit
Bernstein has named a raft of global stocks that it says could benefit from the rising strength of the U.S.
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Asia-Pacific markets set to dip after data shows U.S. inflation near 40-year highs in April
The U.S. consumer price index surged 8.3% in April as compared with a year ago, near the highest level in
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Asia-Pacific stocks set for lower start ahead of China, U.S. inflation data
China is set to release its inflation data for April at 9:30 a.m. HK/SIN on Wednesday, as the mainland continues
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Tech stocks in Asia fall dragging down Hong Kong’s Hang Seng by nearly 3%
Overnight stateside, the tech-heavy Nasdaq Composite dropped more than 4% as shares on Wall Street fell. Source link
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Asia-Pacific stocks slip; China’s April trade data ahead
Chinese trade data for April is set to be out later on Monday, while markets in Hong Kong are closed
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Hong Kong’s Hang Seng index drops more than 3% following Wall Street tumble
Shares on Wall Street declined sharply overnight, with the Dow Jones Industrial Average seeing its worst day since 2020. Source
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