[Federal Reserve's Goolsbee Says Inflation Decline Trend May Have Stalled] Federal Reserve's Goolsbee stated that the trend of declining inflation appears to have stalled.

The billionaire founder of hedge fund Bridgewater believes Bitcoin faces major hurdles before it can become a global reserve currency.

[Federal Reserve's Goolsbee: Commitment to Achieving 2% Inflation Target] Federal Reserve's Goolsbee stated that the Fed has made a commitment to achieving the 2% inflation target.

[Federal Reserve Governor Cook Warns of Potential Risks in Private Credit and Hedge Funds] Federal Reserve Governor Cook stated that the increasing complexity and interconnectedness of leveraged companies require officials to pay attention to the potential impact of unexpected losses in private credit on the U.S. financial system. She mentioned that recent bankruptcies of private companies in the automotive industry have exposed unexpected losses and exposures among banks, hedge funds, and specialized financial firms. Cook also pointed out that the expansion of hedge funds in the U.S. Treasury market and asset valuation levels represent potential vulnerabilities. Despite issues such as elevated asset values, the growth and complexity of the private credit market, Cook believes the financial system remains resilient. However, emerging vulnerabilities associated with technological changes may require prudent responses.

The United Kingdom’s Serious Fraud Office (SFO) arrested two men on suspicion of fraud and money laundering in connection with the collapse of Basis Markets, which raised $28 million in late 2021 to fund the creation of a crypto hedge fund. SFO officers carried out raids alongside police in Herne Hill, south London, and Bradford, West Yorkshire in its first major cryptocurrency case.