European Stocks Rally on Chinese Growth and Mining Merger Speculation 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Stock Futures Dip as Investors Await Key Payrolls Data 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
J.P. Morgan has made an official announcement about its digital currency initiative ‘JPM’s Coin’ and divulged about its digital coin payment.
This is Ethereum-based stable coin which is the extension of JPMorgan’s blockchain initiative, Quorum, an enterprise-level distributed ledger protocol forked from the Go Ethereum client.
The coin operates in three stages, namely, step 1, a J.P. Morgan client commits deposits to a designated account and receives an equivalent number of JPM Coins. In step 2, these JPM Coins are used for transactions over a blockchain network with other J.P. Morgan clients (e.g., money movement, payments in securities transactions). Finally, in step 3, holders of JPM Coins redeem them for USD at J.P. Morgan. The above flowchart runs us through diagrammatic representation as to how the process functions.
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards -74 levels (which is bearish), while hourly USD spot index was at -1 (neutral) while articulating (at 07:58 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
