PANews reported on October 28 that according to hk01, Zheng Zhigang, founder of A2Z, a digital asset brand under the Shanghai Cooperation Organization (Almad Group), has officially become a shareholder of CBCX, a multi-asset liquidity provider headquartered in London, UK. The two parties will promote participants and investors in the gold industry chain to expand their risk exposure in the gold and foreign exchange fields, financial hedging tools and investment trading platform business, and jointly expand commodities, stock investment and brokerage businesses. CBCX will also soon launch a Digital Asset Index, providing diversified digital currency investment and hedging products for financial institutions, family offices, and individual investors. The two parties will also jointly explore the launch of gold digital assets and tokenized financial products.PANews reported on October 28 that according to hk01, Zheng Zhigang, founder of A2Z, a digital asset brand under the Shanghai Cooperation Organization (Almad Group), has officially become a shareholder of CBCX, a multi-asset liquidity provider headquartered in London, UK. The two parties will promote participants and investors in the gold industry chain to expand their risk exposure in the gold and foreign exchange fields, financial hedging tools and investment trading platform business, and jointly expand commodities, stock investment and brokerage businesses. CBCX will also soon launch a Digital Asset Index, providing diversified digital currency investment and hedging products for financial institutions, family offices, and individual investors. The two parties will also jointly explore the launch of gold digital assets and tokenized financial products.

                                                                               Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus.                     US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more