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Dejuan
@denjuans
#weeklyresults 1️⃣ Genesis has begun distributing about $4 billion to creditors. As part of the initial distribution, clients will receive an average of 64% of refunds in kind. The final amount depends on the specific asset. In the case of Bitcoin, creditors will be compensated 51.28%. Clients who are supposed to receive Ethereum will be able to get back 65.87% of their assets. On Friday, 16,600 BTC ($1.1 billion) and 166,300 ETH ($521.1 million) were already transferred from Genesis wallets. 2️⃣ The Fed left the key interest rate unchanged. The interest rate remained in the same range - 5.25%-5.50%. Federal Reserve Chairman Jerome Powell said a rate cut would be discussed in September if inflation continues to decline as expected, economic growth remains strong, and the labor market remains stable. "I can imagine a scenario where there's everything from zero to multiple rate cuts," Powell said. 3️⃣ SEC to Amend Binance US Lawsuit The planned amendments to the lawsuit remove the need for a court
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