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More →A report released by the Federal Reserve on Friday local time shows that
According to a report released by the Federal Reserve on Friday local time, over the past three years (from 2022 to 2025), the ability of U.S. households to repay their debts on time has continued to deteriorate, with the relevant indicators falling to their worst level since shortly after the global financial crisis. The Federal Reserve's latest survey shows that by the end of 2025, the share of households with overdue loan repayments rose from about 12% in the previous survey to nearly 20%, an increase of about 67%. The proportion of households with overdue payments of two months or more also rose significantly, from 5% in 2022 to more than 8%. The report also pointed out that income growth was particularly significant for households aged 75 and above, while income for households aged 35 to 44 fell by 25%. The Federal Reserve attributed this decline to a reduction in capital gains income for households in that age group.
Coinbase and Gennius plan to offer ONED stablecoin services in Argentina.
Coinbase and Gennius plan to provide Argentine users with access to the ONED stablecoin through banks in Latin America. Customers will be able to convert deposits into ONED USD, enabling round-the-clock transfers and spending via Visa.
Trump eases sanctions on Russia to secure diesel supplies.
According to news from Bijie, Trump relaxed sanctions on Russian diesel to reach a supply agreement with Putin, in an attempt to lower U.S. fuel prices of $6 per gallon. Farms and truck drivers are facing pressure from rising costs ahead of the midterm elections. Under the agreement, Russia will immediately send 300,000 tons of diesel, another 500,000 tons in November, followed by another 1 million tons, with a possible follow-up supply of 3 million tons. The U.S. Treasury Department has issued a license allowing Russian diesel transactions until April 2027, bypassing restrictions on Moscow's energy revenue. Ukrainian attacks have affected Russian refineries, forcing them to reduce exports. Ukrainian President Zelensky criticized the decision, saying that "a gift to Putin will not bring peace or any benefit."
Reuters, citing people familiar with the matter, reported that
According to a report from Bijie Network, Reuters, citing people familiar with the matter, reported that Nuvacore, a microchip startup founded only six months ago that has not yet launched a product, is raising hundreds of millions of dollars at a valuation of about $2.5 billion to develop a new type of central processing unit designed specifically for data centers. As the market's hunger for data processing power grows increasingly—largely to support chatbots such as Anthropic's Claude—demand for central processing units has also surged, and Nuvacore is seizing this opportunity to raise funds. CPUs play a crucial role as the "traffic controllers" for Nvidia's AI chips and run autonomous AI software known as "agents." The valuation of about $2.5 billion had not previously been reported. The Information previously reported that Nuvacore was raising $200 million or more.
Gennius partners with Coinbase to provide stablecoin payment services for Latin American banks.
According to news from Bijie, payment and tokenization platform gennius has announced a partnership with Coinbase to provide Latin American banks with services including stablecoin payments, digital asset custody and trading, deposits, and reward points tokenization. The first partner financial institution has already gone live in Argentina. Banks can offer services to customers without replacing their existing systems, while Coinbase is responsible for providing the underlying digital asset infrastructure. The core product of the partnership, oned usd, is issued through Coinbase's custom stablecoins program, deployed on base, and backed 1:1 by USDC custodied by Coinbase.
Bezos: The AI boom is similar to the internet bubble.
According to news from Bijie, Amazon founder Jeff Bezos compared the current AI boom to the internet bubble of the early 2000s. He said that if the AI bubble bursts, speculators may suffer losses from investing in these projects, but these inventions will not disappear after the bubble bursts. He pointed out that although it is tricky for investors, it is beneficial to society.
The U.S. Department of Justice's review of Binance's compliance with the 2023 settlement agreement remains unverified.
CoinWorld news: The U.S. Department of Justice is reviewing whether Binance has complied with the settlement agreement reached in 2023.
According to people familiar with the matter, Russian envoy Dmitriev during his visit to Washington
According to a report by Bijie, people familiar with the matter said that during his visit to Washington, Russian envoy Dmitriev requested that licenses be issued to all major Russian oil companies to export diesel to the U.S. market. (Reuters)
Strive purchased 638 BTC through a preferred stock offering.
According to Bijie News, Strive raised $55 million this week through a preferred stock offering to purchase 638 BTC, bringing its treasury holdings to 29,462 BTC, worth approximately $2.4 billion.
BTC liquidations totaled $60.1344 million over the past 24 hours.
Bjie.com data: BTC's rolling 24-hour liquidation amount is approximately USD 60.1344 million, involving about 3,838 liquidated accounts. Compared with the same-caliber snapshot 24 hours ago, it is down 80.2%; compared with the same-caliber snapshot 7 days ago, it is down 70.7%.