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Share link:In this post: Japan’s exports dropped 2.6 percent in July, led by steep declines in auto and parts shipments to the US. Tariffs remain high despite a July deal keeping auto duties at 15 percent, far above the pre-tariff 2.5 percent. Trade balance swung to a 117.5 billion yen deficit as imports also shrank, though less than expected.
Share link:In this post: JPMorgan and Mitsubishi UFJ Financial Group are negotiating a $22 billion loan to finance a data center campus in Texas for Vantage Data Centers. The total investment for the campus is projected at $25 billion, with additional equity financing of $3 billion from private capital groups Silver Lake and DigitalBridge. The demand for data centers is surging as companies like xAI and Meta are raising billions to support their AI infrastructure.
Share link:In this post: Trump demanded Federal Reserve Governor Lisa Cook resign over mortgage fraud allegations. Bill Pulte accused Cook of claiming two homes as her primary residence to get better loan terms. Pulte wants the Justice Department to investigate and says there is clear cause for removal.
Share link:In this post: A judge has unblocked crypto assets belonging to Hayden Davis and Ben Chow, who promoted the Libra meme coin. Argentine President Javier Milei promoted the Libra meme coin in February, but it crashed within hours. Milei continues to distance himself from the scandal, even dissolving the task force investigating the matter.
- 19:48Altcoin Season Index Rises to 71According to Jinse Finance, on September 13, Coinmarketcap data shows that the Altcoin Season Index is currently at 71, up 3 points from yesterday (which was 68). The index indicates that in the past 90 days, about 71 out of the top 100 cryptocurrencies by market capitalization have outperformed bitcoin. It is reported that the CMC Altcoin Season Index is a real-time indicator used to determine whether the current cryptocurrency market is in an altcoin-dominated season. The index is based on the performance of the top 100 altcoins relative to bitcoin over the past 90 days.
- 18:38Data: 5.34 million LINK have been withdrawn from exchanges in the past 24 hoursAccording to Jinse Finance, on-chain analyst @ali_charts has monitored that in the past 24 hours, 5.34 million LINK have been withdrawn from exchanges.
- 18:13Derive co-founder proposes to increase DRV token supply by 50%Jinse Finance reported that Nick Forster, co-founder of Derive, has proposed expanding the supply of the native token DRV of the on-chain options exchange in order to retain core contributors and reach deals with institutional partners. The proposal was released on Friday, September 12. According to the proposal, Forster suggests issuing an additional 500 million DRV tokens, increasing the total supply by 50%. These tokens will be allocated to the Derive Foundation (which will be renamed from the original Lyra Foundation to reflect the protocol's former name). The proposal estimates that existing holders could be diluted by up to 8.25% per year over the next four years. "Neither the Foundation nor the BVI subsidiary has a sufficient token budget to execute strategic deals at the scale required to align interests for driving protocol adoption," Forster wrote in the proposal. In addition, the proposal disclosed that Derive has severed ties with team members and investors who supported a merger with Synthetix. The merger plan was jointly called off by both parties in May this year after Derive investors criticized it for undervaluing the on-chain options platform.