PANews reported on July 10 that in recent days, the share prices of many listed companies in the Hong Kong stock market have soared due to their involvement in the "stablecoin concept". During the trading session on July 10, Hong Kong-listed Puxing Energy once soared by more than 280%. At the same time, another Hong Kong stock that moved abnormally was Delin Holdings, which once rose by more than 70% in the early trading. Some industry insiders reminded that some stablecoin concept stocks have been overheated in the short term and need to pay attention to the risk of callback.


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
