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Former Vice Chairman of the Federal Reserve: The default choice now is to raise interest rates, and Waller's speech reverses the previous logic of the Federal Reserve

Nick Timiraos, the "Fed Whisperer," stated that Fed Chair Waller has quelled some concerns about his strategy to combat inflation, but has also laid the groundwork for a larger test that may come in three weeks. If the Fed raises interest rates, it could anger the White House just weeks before the midterm elections. If they hold steady, it may reignite the doubts that Waller's remarks have calmed.Two points from Waller's speech on Friday particularly suggest that the Fed may raise rates next month. The first point is that Waller finds it difficult to describe the current financial conditions as restrictive. The second point is that the relatively positive inflation data over the summer has not convinced him that the underlying trend is improving. The Fed's default choice before Friday was to hold steady unless the data was strong enough to warrant action.Former Fed Vice Chair Cohen stated that Waller's remarks have reversed this logic. "He has changed the original assumption; it is now that they will raise rates unless the data shows it is unnecessary." This means that the final decision will depend on changes in the situation before the September meeting, especially the August CPI released on September 11. Cohen stated that if the data indicates that action is unnecessary, the Fed should not raise rates; if the data is strong, it could weaken the argument that inflation is moving back toward the Fed's 2% target.

FinTax completes seed round financing and begins long-term ecological collaboration with YZi Labs

Cryptocurrency financial and tax solutions provider FinTax announced the completion of its seed round financing, led by YZi Labs, with participation from Amber, Hash House, Pundi AI, Waverider International, and Nexus Holdings, resulting in a post-investment valuation of $40 million. Previous round investors include Victory Courage, BGIN, Tools Factory, and individual investor Fan Chao.In recent years, YZi Labs has been continuously investing in stablecoins, RWA, payment, and institutional-level digital asset infrastructure. Leveraging FinTax's expertise in on-chain data processing, crypto accounting, cross-jurisdictional tax practices, and crypto asset financial auditing, both parties will explore long-term ecological collaboration around institutional-level financial and tax infrastructure, compliance standards, and emerging scenarios such as stablecoins, RWA, and payments.Following this round of financing, FinTax will accelerate the scaling of its five product lines, expanding its business from the Asia-Pacific and North American markets to Europe and the Middle East, and deepening the application of AI in complex financial and tax scenarios. FinTax will continue to promote the dual iteration of blockchain and legal systems across dozens of jurisdictions, enabling on-chain economic activities to connect with the real-world financial and tax systems.

first_img The financial AI platform Oro has completed a strategic financing of $3 million, led jointly by MH Ventures and Mapleblock Capital

The financial AI platform Oro, which transforms complex user intentions into multi-step executions, announced the completion of a $3 million strategic financing round, led jointly by MH Ventures and Mapleblock Capital, with participation from M2M Capital, Archer Capital, and X21 Digital. Disrupt.com and ZIGLabs provide subsequent strategic support, bringing the total financing amount to $4 million. The funds will be used to advance core AI and agent research and development (including the proprietary Shield Engine and natural language execution stack), global market and user acquisition, build a self-hosted compliance framework with policy constraints, and expand engineering, AI research, and enterprise B2B teams.Oro converts natural language prompts into multi-step transaction paths in a non-custodial, user-signature manner. The official disclosure states that there are already over 350,000 independent active users, supporting more than 80 languages, and has completed mainnet integrations with Morpho, Kamino, Lido, Aave, Uniswap, Raydium, etc.; the activities with Ondo Finance saw over 50,000 verifications completed on the first day of launch. The company's goal is to reach 10 million active users in the next 6 to 12 months, launch native iOS and Android applications, and expand integration as a B2B and B2C intent routing layer.
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