Aurelia Butler

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  • 113 Shares199 Views

    in Cryptocurrency

    ORACLE MEME Coin Presale Achieves $208,000 Milestone in Minutes

    ORACLE MEME Coin (OMEME) has made an impact in the cryptocurrency market, raising $208,000 within minutes of its presale launch. This rapid fundraising has positioned OMEME as a significant new entrant in the meme coin sector, attracting attention and participation from the community.Key Milestones and DevelopmentsThe presale of ORACLE MEME Coin saw a successful start, raising $208,000 in its initial phase. The team behind ORACLE MEME believes this early achievement underscores the project’s potential and sets the stage for subsequent rounds of the presaleUnique Features and TokenomicsORACLE MEME Coin distinguishes itself through its innovative approach within the meme coin space. With a total supply of 50,000,000,000 OMEME tokens, the presale allocation of 40% offers early participants significant involvement in the project’s foundation.The tokenomics of OMEME include:The ORACLE MEME Coin project emphasizes utility within the meme coin narrative, aiming to create, share, and monetize memes through its platform. The team already sees significant interest in this project, with thousands of projects joining the network. The raised funds are earmarked for further development and global marketing initiatives to expand the project’s reach.How to ParticipateWith the presale progressing, potential participants can visit the official ORACLE MEME Coin website to secure their share of OMEME tokens. The community is actively growing, with channels available on X (Twitter), Telegram, and Discord for ongoing updates and engagement.ConclusionORACLE MEME Coin is establishing itself as a notable project within the cryptocurrency landscape, combining innovative utility with a strong community focus. The ORACLE MEME team views the successful early presale results as reflecting the project’s potential for significant growth and adoption in the coming year.About ORACLE MEME CoinORACLE MEME Coin aims to become a leading meme coin by leveraging community, creativity, and blockchain technology. The project focuses on generating and sharing meme content with innovative tools and platforms designed to revolutionize meme creation, distribution, and monetization. Built on principles of transparency, user engagement, and technological advancement, ORACLE MEME offers a unique opportunity for users and investors to be part of a dynamic and evolving ecosystem.Users can visit the official website to participate in the rounds of the presale.Users can Join the Meme Revolution and follow ORACLE MEME Coin on X (Twitter) | Telegram | DiscordContactMr.Santiago Costa CorreiaOracle (NYSE:ORCL) [email protected] article was originally published on Chainwire More

  • 125 Shares199 Views

    in Economy

    Central banks must assess bond-buying risks, warns ECB’s Isabel Schnabel

    Standard DigitalWeekend Print + Standard Digitalwasnow $85 per monthBilled Quarterly at $199. Complete digital access plus the FT newspaper delivered Monday-Saturday.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

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    in Economy

    The Tories’ disastrous misunderstanding of America

    Standard DigitalWeekend Print + Standard Digitalwasnow $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

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    in Economy

    The perils of data dependence

    Standard DigitalWeekend Print + Standard Digitalwasnow $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

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    in Economy

    Germany should consider easing debt brake, says IMF

    BERLIN (Reuters) – Germany faces rising spending pressures and the government should consider easing the debt brake, the International Monetary Fund said on Tuesday, but finance ministry sources said such a move carried the risk of fuelling inflation. Altering the rules of the debt brake, which limits public deficits to 0.35% of gross domestic product, would require a two-thirds majority in the upper and lower houses of parliament.”Germany’s debt brake is set at a relatively tight level, such that the annual limit on net borrowing could be eased by about 1 percentage point of GDP while still keeping the debt-to-GDP ratio on a downward trend,” the IMF said in a report. This would allow more room for “much-needed” public investment, it said. In November, a court ruling blew a 60 billion euros hole in public finances and threw the government’s financing framework into turmoil. Although reforming the debt brake would ease fiscal consolidation, reforms to reduce medium-term spending pressures and increase revenues were also needed, the IMF added.The brake is fiercely defended by Finance Minister Christian Lindner. According to finance ministry sources, the IMF recommendation carries risks.”Reforming the debt brake harbours the risk of once again fuelling inflation, which has only just started to fall,” said the sources, adding that higher debt also meant higher interest rate costs. In its World Economic Outlook published in April, the IMF cut its forecasts for German gross domestic product to 0.2% growth in 2024 and 1.3% in 2025, expecting a gradual consumption-led recovery this year as inflation continues to ease. A return to growth is expected to gradually reinforce confidence, further bolstering consumption in 2025. Private investment is also expected to recover in 2025 on the back of improved demand and moderate monetary policy during 2024 and 2025. “As a result, GDP growth is projected to accelerate to between 1.0% and 1.5% during 2025-26,” the IMF said. Over the medium term, rapid population aging is expected to slow growth and adversely affect public finances. As baby boomers retire and recent immigration waves subside, the annual growth rate of Germany’s working-age population is expected to fall by around 0.7 percentage points, more than any other G7 country.These unfavourable demographics are projected to slow annual growth to around 0.7% over the medium term. The IMF said medium-term growth prospects could be bolstered by increasing public investment, including in the green transition and digitalisation. To further boost productivity and entrepreneurship, the government should deepen efforts to cut red tape and promote digitalisation, the IMF advised. More

  • 113 Shares179 Views

    in Economy

    Zambia to exit sovereign default as bondholders back restructuring

    Standard DigitalWeekend Print + Standard Digitalwasnow $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

  • 100 Shares119 Views

    in Cryptocurrency

    Nexo integrates The Tie’s analytics for retail investors

    The newly integrated analytics tool provides investors with a range of indicators including real-time Twitter statistics, on-chain activity, gas fees, ownership distribution, and detailed asset descriptions. The crypto information services provider said this data, traditionally available only to institutions, is now accessible to all Nexo users. The TIE’s core product is the SigDev Terminal, which offers market, company, and news data all on a single platform. The firm’s news data is currently the most widely used function on the terminal.In the first quarter of 2024, spot trading volume on centralized exchanges reached $4.29 trillion, highlighting the massive demand from market participants. “Learning to analyze and understand the market requires both time and information. By partnering with The Tie, we are committed to providing all users with fast access to market sentiment and movements, enhancing their experience and engagement through valuable data-driven insights,” said Elitsa Taskova, Chief Product Officer of Nexo.Joshua Frank, Co-Founder and CEO of The Tie, added: “We are thrilled to introduce real-time analytics tools on the Nexo platform. Nexo users will now have access to the same industry-leading metrics that we provide to over one hundred institutional clients on The Tie Terminal. We commend Nexo’s vision to integrate The Tie’s extensive tools to build a robust and unique trading experience for individual investors.”The Tie has been a part of Nexo Ventures’ portfolio since March 2022. The sector has attracted decent funding in recent months as investors attempt to make sense of the flood of crypto-related information. The Tie’s clients include traditional and crypto-native hedge funds, OTC desks, market makers, trading venues, banks, sell-side firms, and other institutional market participants.Nexo launched its investment arm, Nexo Ventures, in 2022, which now includes over 60 portfolio companies. Since its inception, the company has processed over $130 billion for more than 7 million users across 200 jurisdictions. Earlier this month, the crypto lender received initial approval as a licensed entity in Dubai from the region’s Virtual Assets Regulatory Authority (VARA). More

  • 100 Shares99 Views

    in Economy

    Rating firms cautious ratifying some private credit loans

    (Reuters) – Banks and insurers are making more requests to U.S. credit agencies for ratings on their risky loans to private equity funds that are secured against the value of their portfolio investments and cash flows that come from them.So far, the response from the agencies including the top 3 – S&P, Moody’s (NYSE:MCO) and Fitch – has been cautious because the valuation of the assets backing the loans are difficult to assess as they are owned by an opaque investor base.   A higher-for-longer interest rate environment over the last few years has limited opportunities for private equity fund managers to profitably exit investments in their portfolios. They are instead starting to rely on loans to reinvest in existing portfolio companies, wait for a better time to exit these investments, make new acquisitions or pay dividends to their investors in the funds. This activity has raised concerns about so-called leverage on leverage in private credit, a growing area of private fund finance.Lenders are now approaching rating agencies to get credit ratings on their loans in a bid to lower the amount of capital needed on these loans and as an added due-diligence of the risk, senior rating officials said.Agencies are balancing this fee-generating potential with a methodical approach.Only two – S&P Global Ratings and KBRA – of the four agencies interviewed by Reuters rate net-asset value or NAV loans which are riskier because they are secured based on the theoretical valuation of an almost fully invested fund.Valuations are much harder to assess in an environment where default rates in the invested portfolio companies are expected to rise as they struggle with higher interest expenses. These loans have a shorter history in comparison to other types as their demand and wider use rose only in the last few years as exits through asset sales became harder in a higher-for-longer rate environment.Their volumes are growing. “We expect the approximately $150 billion in NAV facilities that some market participants have currently seen in the market to double within the next two years,” S&P said in a recent report.But only one of the top 3 rating agencies even has a methodology to rate them.Moody’s Ratings does not have one for NAV loans, said its associate managing director, Rory Callagy. “NAV loans are newer and there is less standardization of lending terms in this market,” said Callagy.”The collateral backing NAV loans are private investments whose values can be hard to assess because there is less transparency on the valuation of the assets,” he added. METHODICAL APPROACHAssessing the credit risk of NAV loans “requires a strong understanding of the quality of a fund’s portfolio and the key structural provisions, like loan-to-value ratios, and its use of distributions and exit proceeds,” said Gopal Narsimhamurthy, global head of fund rating at KBRA, which has rated nearly 100 NAV loans over the last couple of years. The agency’s analytical process includes an evaluation of a fund manager’s performance history, valuation process track record, the legal structure and security provisions of the NAV loan, he said. S&P has been actively rating NAV loans for more than 20 years but only gives private ratings on request on a small fraction of the debt. The firm starts by assessing a fund’s performance through the asset portfolios with stress scenarios seen during the 2008 financial crisis. “We begin by haircutting the value of the fund by 40-60% depending on whether the assets are private equity, listed equity or a bond portfolio to ascertain whether the fund would still have the capability to pay its debt in a severe stress scenario,” said S&P’s Nik Khakee, methodologies managing director.And this review is contingent on an obligation for regular disclosures by the borrower, said Devi Aurora, financial institutions managing director, S&P Global Ratings.Fitch is working on a methodology to rate NAV loans. When it does have it, Fitch wants to start with rating NAV loans backed by secondaries or funds comprised of private market investments which transacted in the secondary market, said Greg Fayvilevich, head of Fitch Ratings’ fund and asset manager ratings group.Secondaries have a visible starting point to value an asset unlike loans backed by buyouts whose repayments hinged on an exit through an IPO or asset sale.”We are being asked by the market to provide ratings to help investors assess the risks of these loans, and we will do that where we feel we have enough information to provide an accurate assessment,” said Fitch’s Fayvilevich. “Where we don’t have enough information then we won’t assign ratings – it’s pretty straightforward,” he added. More