A video of U.S. Vice President JD Vance has sparked renewed discussion about the benefits and costs of the U.S. dollar's dominance as the world's reserve currency. While the dollar's global demand offers advantages like cheaper imports and easier borrowing, it also strengthens the currency, making U.S. exports less competitive—a tension known as the Triffin dilemma. Bitcoin is highlighted as a potential neutral reserve asset because its supply isn't tied to any government policy, though challenges like volatility and custody risks remain. Meanwhile, gold continues to be a strong, politically neutral reserve asset with central banks increasing purchases recently.
Eramet announced a €500 million share capital increase through a rights issue, offering 6 new shares for every 5 existing shares at €14.49 each. The proceeds will be used to reduce the company's debt and strengthen its balance sheet as part of a prev...
Pasithea Therapeutics announced positive Phase 1/1b results for PAS-004, showing significant reductions in cutaneous neurofibromas (cNF) size by up to 71% with continued treatment and early activity in plexiform neurofibromas (PN). The drug demonstra...
The 9th Shandong-South Korea Economic and Trade Cooperation Conference and Yantai South Korea Week began on November 6 in Yantai, Shandong Province, highlighting strong economic ties between Shandong and South Korea. Over 150 enterprises participated...
Security firm 慢雾 warned that Pennysia's Settlement contract on Ethereum was exploited due to a flaw allowing arbitrary external calls. This flaw enabled attackers to transfer tokens that users had approved for the contract but not yet used, putting t...
An Ethereum wallet that originally acquired 38,800 ETH during the 2015 ICO sold 16,700 ETH in one transaction worth over $32.3 million. This sale represented about 43% of its original ICO allocation, which was purchased at just 31 cents per ETH. Howe...
