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Flash
- 23:02Federal Reserve's Kashkari: We may perceive the economic slowdown as more severe than it actually is.Jinse Finance reported that Federal Reserve's Kashkari stated: The risk of an unexpected downturn in the labor market is greater than the risk of a slight rebound in inflation. We may perceive the degree of economic slowdown as more severe than it actually is.
- 22:44CME plans to launch sports event and economic indicator contracts to compete with KalshiJinse Finance reported that CME Group plans to launch financial contracts linked to sports events and economic indicators by the end of the year. According to sources familiar with the matter, this move will put the Chicago-based CME in direct competition with prediction market platforms such as Kalshi and Polymarket. Kalshi and Polymarket have rapidly entered the financial mainstream in recent years, gaining advisory support from Donald Trump Jr., the son of Trump.
- 22:38Cantor Fitzgerald is pushing Tether to raise about $15 billion from investors.Jinse Finance reported that the American financial services company Cantor Fitzgerald is pushing Tether Holdings to raise approximately $15 billion from investors, with a valuation as high as $500 billion, comparable to OpenAI. A year ago, Cantor Fitzgerald purchased convertible bonds worth over $600 million, acquiring a 5% stake in Tether. If Tether achieves its fundraising target, Cantor's stake could be worth $25 billion.