Economy

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Bitcoin Halving Can Take BTC Price to $148K by July 2025 – Pantera Capital

Pantera Capital believes Bitcoin will reach approximately $150,000 in its next halving cycle. Historical data suggests that BTC/USD hits a low point before the halving and then rises sharply. The firm thinks the recent bear market in 2022 marked the current cycle’s bottom, and they expect BTC/USD to trade around $35,000 by the April 2024 …

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Xiaomi is Preparing MIOS: a Potential Android Replacement

Xiaomi has registered the trademark “MiOS,” leading to speculation that they are creating their own operating system. MIUI, known for customization but criticized for bloatware and ads, could be replaced. Developing its own system would give Xiaomi more control, freedom from Google, and the ability to design unique features. Concerns about Google’s actions and entering …

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Hong Kong Aerospace Technology Group’s ASPACE Hong Kong Satellite Manufacturing Center Holds Grand Opening

ASPACE Hong Kong Satellite Manufacturing Center, Hong Kong’s first satellite manufacturing centre and one of the world’s largest intelligent satellite manufacturing facilities, officially opened on July 25. The centre is expected to produce over 200 commercial satellites annually for various applications and was attended by over 150 representatives from various organisations and agencies. Read More: …

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Wanda Group Raises Funds From Beijing Investment Stake Sale as US$400 Million Bond Matures

Dalian Wanda Group, China’s largest commercial property developer, will sell a 49% stake in Beijing Wanda Investment to China Ruyi Holdings for $314.4m in its third stake sale this month amid liquidity stress. The proceeds will be used to service a $400m bond of affiliate Wanda Commercial Management Group, due on 31 July. Read More: …

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U.S. Judge Rejects Binance.US Complaint Over SEC Press Release

Binance’s request to limit the SEC’s language in press releases regarding Binance.US was denied by Judge Amy Berman Jackson. Binance filed a complaint about the SEC’s “misleading extrajudicial statements” in June. The SEC sued Binance and CEO Changpeng Zhao on June 5 for alleged violations of federal securities laws. Binance has until September 21 to …

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Alibaba Turns to Little-Known Coder to Continue Jack Ma’s Legacy

Eddie Wu Yongming, Alibaba’s new CEO, has a long history with the company and is a technologist-turned-angel investor. Wu’s appointment surprised insiders and investors, and he raises questions about the direction of China’s largest e-commerce company. Wu has been credited with designing Alipay, spearheading the creation of Taobao’s ad platform, and leading Alibaba’s flagship products. …

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HK to Allow Crypto Trading in Licensed Exchanges Starting From June 1

Hong Kong will let regular people buy and sell cryptocurrencies on official websites starting from June 1. The government made rules to keep investors safe, including cybersecurity standards. Only some websites will be allowed to do this, and the government will check them to make sure they follow the rules. Hong Kong wants to become …

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Global Ambient Assisted Living and Smart Home Market is Expected to Reach $645.19 Billion by 2030

More and more people want smart home devices that connect to the internet, like Alexa and Siri. People also want devices for health tracking and telehealth services. Smart devices can make life better and safer for older people and those who need help. North America is the biggest market, and the need for installation and …

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Carri Insights First Republic Most Likely Headed for FDIC Receivership

First Republic Most Likely Headed for FDIC Receivership

First Republic’s shares dropped 40% as the possibility of a rescue deal faded, with sources stating that the Federal Deposit Insurance Corporation is likely to take it into receivership. The bank’s stock has lost over 90% of its value this year, and the FDIC has asked other banks for potential bids for First Republic if …

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Carri Insights Hong Kong is on the Path to Become a Hub for Crypto Capital Markets

Hong Kong is on the Path to Become a Hub for Crypto Capital Markets

RockTree Capital’s CEO, Omer Ozden, has urged Hong Kong regulators and financial institutions to embrace Web3 and develop the city as a hub for crypto capital markets. Ozden believes that Hong Kong can compete globally in the development of digital asset markets and has called for the Web3 industry to receive open arms from regulators …

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