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12:55
Mark Cuban: Bitcoin Has Not Demonstrated Its Inflation Hedge Properties
According to Forbes, Mark Cuban criticized Bitcoin for "deviating from its original purpose." He noted that during the escalation of the Iran war and the weakening of the US dollar, gold surged, while Bitcoin fell, failing to demonstrate its role as an "inflation-resistant asset." He stated that whenever the dollar declines, Bitcoin should theoretically rise, but this has not happened. He also mentioned that compared to Bitcoin, he is less disappointed with Ethereum.
12:45
CME FedWatch: Fed Rate Hike Probability for the Year Exceeds 67%
BlockBeats News, May 24th, according to CME's "FedWatch" data, the probability of the Fed maintaining interest rates until December is 32.1%, the probability of a cumulative 25 basis point rate hike is 42.5%, the probability of a cumulative 50 basis point rate hike is 20.6%, the probability of a cumulative 75 basis point rate hike is 4.4%, and the probability of a cumulative 100 basis point rate hike is 0.4%.
12:39
Mitsubishi UFJ: If the US and Iran reach an agreement, currencies of Asian oil-importing countries may see a bigger rebound.
Among them, currencies that are more sensitive to energy prices—including the Philippine peso, Indian rupee, South Korean won, and Thai baht—are expected to experience greater volatility.
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