The Federal Council has expressed disagreement with several recommendations from the Parliamentary Investigation Commission (PUK) regarding the Credit Suisse crisis, asserting that existing too-big-to-fail rules have sufficiently strengthened systemic banks. While it supports adapting these rules to UBS's size, it rejects calls to restrict capital and liquidity easing for systemically important banks. The Council also criticized the PUK's report for containing controversial descriptions and not adequately incorporating feedback from the Federal Council.
Hans Geiger reveals that Finma was aware for an extended period that Credit Suisse lacked sufficient capital, as confirmed by the PUK report. Despite this knowledge, the regulatory authority chose to be lenient with the bank's executives to avoid confrontation.
Bitcoin (BTC) is currently valued at around $94,000, with analysts suggesting it still has potential for growth. Key metrics, including the Market Value to Realized Value (MVRV) and long-term holder profitability indicators, indicate that BTC has not yet reached its peak for this cycle, with projections suggesting a possible top between $151,000 and $230,000. Various other indicators also support the notion that the cryptocurrency is only halfway through its current bull run.
O.XYZ has launched OSOL100, an innovative AI index token that captures the value of Solana’s top 100 AI projects, providing users with a transparent and diversified investment tool. This token aligns with O.XYZ’s mission to create a community-governed Sovereign Super AI, enhancing the utility for OBOT token holders. The initiative is led by Ahmad Shadid, aiming to reshape AI technology to be accessible and independent of corporate control.
Japanese investment firm Metaplanet has raised nearly $61 million to expand its Bitcoin holdings, issuing 5 billion yen in bonds despite shareholder skepticism. Following its declaration as a "Bitcoin treasury company," Metaplanet's stock has seen a significant decline, reflecting investor concerns over its strategy. Meanwhile, Bitcoin recently reached an all-time high of $108,135 before experiencing a drop amid hawkish comments from the Federal Reserve.
Orbs has launched Liquidity Hub version two, enhancing decentralized exchanges (DEXs) with advanced tools for improved liquidity and execution. Key features include dynamic fees based on real-time savings, continuous AMM price monitoring, and transaction visibility through LH Explorer, positioning DEXs as competitive alternatives to centralized exchanges. This upgrade streamlines liquidity management, allowing DeFi projects to focus on innovation and market growth.
Stellar (XLM) has faced a significant decline, dropping over 30% to the $0.41-$0.45 range after hitting a crucial resistance trendline. In contrast, the emerging altcoin PropiChain (PCHAIN) is gaining traction, leveraging blockchain, AI, and the Metaverse to revolutionize real estate investment, with predictions suggesting it could reach $5 before XLM. Currently in its presale, PCHAIN has already raised substantial funds and is expected to provide excellent returns for early investors.
Quantum BioPharma has invested $1 million in Bitcoin and other cryptocurrencies to diversify its treasury, joining a trend among companies seeking inflation hedges. Following the announcement, its Nasdaq shares fell nearly 10%. The firm is now positioned to conduct transactions in cryptocurrencies, reflecting a broader corporate shift towards digital assets.
A parliamentary commission has criticized Credit Suisse executives for the bank's collapse, while also highlighting the Swiss financial regulator's ineffectiveness in preventing the crisis. The report, which spans 500 pages, attributes the downfall to management failures and calls for enhanced supervisory powers, including the ability to impose fines. Despite acknowledging shortcomings, it found no wrongdoing by Swiss authorities, who acted to avert a broader financial crisis.
Shiba Inu has partnered with Chainlink to enhance its Shibarium layer-2 blockchain, integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for improved cross-chain communication. This collaboration allows Shiba Inu's assets—SHIB, BONE, and LEASH—to operate across 12 blockchains, utilizing a “lock-and-mint” and “burn-and-mint” mechanism for secure token transfers. The partnership aims to foster innovation in decentralized finance (DeFi) and establish Shiba Inu as a leader in cross-chain interoperability.
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