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Krishna Bhimavarapu from State Street Global Advisors said that the decision by a certain exchange to keep interest rates unchanged was a difficult choice, especially as three committee members voted against it, which was surprising. Additionally, the upward revision of the inflation forecast by the bank was also unexpected.These dissenters with a somewhat hawkish stance reinforce the economist's view that the Bank of Japan’s path toward normalizing interest rates will continue, and there may be at least one more rate hike this year. He said, “That said, global rate actions by other central banks remain a key factor.”
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The Australian government announced on Tuesday that Meta and Alphabet, Google's parent company, will face millions of Australian dollars in fines if they fail to negotiate paid agreements with local media outlets for news content on their platforms.A proposed News Bargaining Incentive stipulates that if tech giants do not reach relevant agreements, they will be taxed at 2.25% of their Australian revenue, with the funds allocated to news organizations to support the development of the Australian news industry. Australian Communications Minister Anika Wells said at a press conference: “More and more people are getting their news directly from Facebook, Google, and other platforms. We believe that large digital platforms should contribute to the news gathering and editing work that enriches their information flow and generates revenue—this is only fair and reasonable.” She stated: “Platforms should reach agreements with news organizations. If they refuse to cooperate, they will ultimately pay higher taxes.” U.S. President Donald Trump has always opposed imposing digital services taxes on American tech giants and has threatened to raise tariffs on countries that implement such taxes. Australian Prime Minister Anthony Albanese responded at the same press conference: “Australia is a sovereign nation, and this government will make decisions based on national interests.”
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Data: The current crypto Fear & Greed Index is 32, indicating a state of fearChainCatcher news, according to Coinglass data, the current Cryptocurrency Fear & Greed Index is 32, down 16 points from yesterday. The 7-day average is 36, and the 30-day average is 21.
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MoreKrishna Bhimavarapu from State Street Global Advisors said that the decision by a certain exchange to keep interest rates unchanged was a difficult choice, especially as three committee members voted against it, which was surprising. Additionally, the upward revision of the inflation forecast by the bank was also unexpected.
The Australian government announced on Tuesday that Meta and Alphabet, Google's parent company, will face millions of Australian dollars in fines if they fail to negotiate paid agreements with local media outlets for news content on their platforms.
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