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03:49
Pendle launches STRC-protected fixed income exposure product srRoyAPYUSD
Foresight News reports that the yield trading protocol Pendle has announced the official launch of srRoyAPYUSD (maturing in November 2026), supported by Royco Protocol, introducing protected fixed income exposure to STRC tokens within Pendle's yield trading layer. Royco splits apyUSD into two tranches: Senior and Junior. As senior capital, srRoyAPYUSD enjoys protected yields and will only bear losses after the junior capital is exhausted. When apyUSD experiences a drawdown, the system will initiate a 30-day observation period, pausing withdrawals from senior accounts and transferring all yields to the junior tranche in order to prioritize loss absorption.
03:43
Japanese electric motor giant Nidec confirms "suspected misconduct" related to quality issues
Golden Ten Data, May 13 – According to Nikkei News, motor giant Nidec announced Wednesday that the company has uncovered "alleged misconduct" related to quality tampering and stated it plans to establish an investigative committee composed of external experts.
03:34
Inflation Surprises and Middle East Uncertainty Weaken Rate Cut Expectations; Gold Prices Slightly Decline
On May 13, during Wednesday's trading session, gold prices experienced a slight decline due to uncertainty in the Middle East and inflation data from the U.S. that exceeded expectations, which weakened expectations for a Federal Reserve rate cut. Kyle Rodda, a senior financial market analyst at Capital.com, stated, "The U.S. inflation data has significantly reduced expectations for a rate cut by the Federal Reserve, even completely extinguishing such expectations. The market now seems to anticipate that the Fed may take action to raise interest rates before the end of the year. Therefore, this has put some downward pressure on gold prices." (Jin Shi)
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