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16:35
Trader Techno Revenant receives massive HYPE un-staking worth 93.7 million dollars
ChainCatcher news: According to OnchainLens monitoring, trader Techno Revenant (@Techno_Revenant) just unstaked 2.4 million HYPE after staking for 6 months, with a value of 93.7 million US dollars. It is still uncertain whether this will be sold or restaked. Previously, Techno Revenant gained fame by investing 15 million US dollars early in the Trump family project World Liberty Financial (WLFI), obtaining 1% of the total token supply after its launch and quickly making about 250 million US dollars in profit.
16:32
Venezuela increases dollar sales to curb currency depreciation
Golden Ten Data reported on April 9 that, according to foreign media, insiders say Venezuela is intensifying its sales of US dollars to the private sector to curb the depreciation of the domestic currency, the bolivar, and prevent inflation from spiraling out of control again. According to a person directly familiar with the operation, since March 31, the authorities have sold about $330 million through direct foreign exchange interventions. This resumption of direct intervention—after a pause since mid-December last year—highlights the efforts of the Rodríguez interim government to stabilize the exchange rate. Earlier this year, the launch of a dollar auction mechanism did not go smoothly, with uneven supply putting pressure on the parallel market. According to a report released this week by Ecoanalítica, about 80% of the demand for US dollars has been rejected by the Central Bank of Venezuela without explanation. Ecoanalítica analysts noted in the report: "Official foreign exchange supply is highly concentrated among a few entities, and with demand from small and medium-sized enterprises and individuals unmet, funds are flowing into the parallel market. This situation has widened the gap between the official and market exchange rates." Consulting firm Síntesis Financiera stated that in March, the government also sold more than $1 billion on the official foreign exchange market, setting a monthly record since the system was established in 2019.
15:37
The Federal Reserve proposes allowing banks to use FedNow services for transfers via intermediaries.
The Federal Reserve released a proposal on Wednesday to allow U.S. banks and credit unions to use the FedNow service for transferring funds through intermediary institutions, in order to support more private sector use cases such as collaborating with correspondent banks to complete the international portion of cross-border payments via FedNow. Currently, fund transfers through the FedNow service are limited to transactions between two U.S. banks. Public comments must be submitted within 60 days after the proposal is published in the Federal Register.
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