Gate.io News

Golden Finance reported that Jump Trading's cryptocurrency division, Tai Mo Shan Ltd., has agreed to pay $123 million to settle allegations by US regulators of misleading investors about the stability of the TerraUSD Algorithm stablecoin. The U.S. Securities and Exchange Commission said in a statement on Friday that the company also resolved charges of violating securities laws when underwriting TerraUSD's sister token Luna. Tai Mo Shan neither admitted nor denied the allegations when agreeing to the settlement. TerraUSD was supposed to achieve a constant value of $1 through a complex algorithm involving Luna and trader incentives. However, the US Securities and Exchange Commission stated that in reality, Tai Mo

On December 19th, Jinshi Data News, Morgan Stanley's analyst TAI

Golden Finance reported that TARS AI, an AI project in the Solana ecosystem, has burned 100 million TAI tokens held by the team, worth over $15 million, reducing the supply by 10%. In addition, as previously announced, weekly TAI burning will continue, with the proceeds coming from TARS.

Golden Finance reported that, according to Spot on Chain monitoring, TAI's price has pumped 24% in the past 15 hours, reaching a historical high of $0.428. With the significant price surge, two new Addresses have accumulated 9.09 million TAI (approximately 362

BlockBeats News, on September 25th, according to Lookonchain monitoring, the address holding the most BONK currently holds 241 trillion BONK (approximately $44.75 million) and also owns 3.78 million TAI (approximately $56.6 thousand). The address withdrew 3.78 million TAI from Gate on June 13th, when the price was 0.17.

The strong US dollar and falling gold prices may prevent the Federal Reserve from cutting interest rates by 50 basis points next week, as US inflation has risen slightly. The rebound in core CPI supports a 25 basis point rate cut next week, and it may take some time for gold prices to reach new historic highs. The market will follow the US PPI data and initial jobless claims on Thursday.

On August 17, Jinshi Data reported that New York independent metals trader Tai Wong stated: "After experiencing two weeks of intense fluctuations, gold prices soared to a historic high, breaking the $2500 barrier, as long positions finally showed their willingness. Now, attention will turn to the Jackson Hole annual meeting and Federal Reserve Chairman Powell's speech in a week for a more detailed outlook on the upcoming form of interest rate cuts."

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