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05:43

ONS (One Share) rose 1.91% in the last 24 hours.

Gate News Bot message, July 22, according to CoinMarketCap data, as of the time of writing, ONS (One Share) is currently quoted at $1.05, rising 1.91% within 24 hours, with a high of $1.24 and a low of $0.96, and a 24-hour volume of $78,100. Important recent news about ONS: 1️⃣ **Cryptocurrency wallet security risks increase** Recently, there has been malware disguised as a Firefox browser extension specifically designed to steal cryptocurrency wallet credentials. This security incident reminds cryptocurrency holders such as ONS to be extra vigilant and strengthen their wallet security measures, which may lead to some investors reducing their trading activity in the short term. 2️⃣ **Ethereum Ecosystem Functionality Expansion** Ethereum developer Consen
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ONS2.47%
02:34

Trump pressures the House: Speed up the approval of the GENIUS stablecoin bill! Controversy arises over bundled market structure legislation.

After the U.S. Senate passed the stablecoin bill (GENIUS Act), President Trump sent a message to the House of Representatives: "Send it to my desk as soon as possible—no delays and no add-ons." In response, Fox News reporter Eleanor Terrett posted on X, saying: "I've heard that Trump's remarks have sparked strong protests from industry stakeholders, who have been calling Congress to question what his directive means for the passage of market structure legislation—the House is considering advancing market structure legislation alongside stablecoin legislation, aiming to complete both before the August deadline set by Trump. 'And so it begins,' a House member responded.
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TRUMP-0.42%
12:25

Gate.io: If the Central Bank of the UK strengthens the expectation of interest rate cuts, the pound may plummet significantly.

The pound may experience a sharp decline due to the Central Bank of the United Kingdom's interest rate cut. There is a divergence in the market and ONS International's expectations for the interest rate cut. The latter expects the Central Bank of the United Kingdom to cut interest rates by 75 basis points, while the market expects 52 basis points. If the Central Bank decides to cut interest rates, the market expects two more rate cuts, which will have a negative impact on the pound's Exchange Rate.
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11:40
Air China short Co., Ltd. announced that the company signed a protocol with COMAC on April 26, 2024 to purchase 100 C919 aircraft from COMAC. The 100 aircraft are scheduled to be delivered to the Company in batches between 2024 and 2031. The base price of each aircraft includes the price of the fuselage, add-ons and engines. According to the latest list price provided by COMAC, the base price of the aforementioned 100 C919 aircraft is about $10.8 billion. After fair negotiation between the buyer and the seller, COMAC granted the Company a larger price concession for the purchase of the aircraft, so the actual consideration of this transaction was lower than the basic price of the aforesaid aircraft. The Company will fund the transaction with its own funds, commercial bank loans and other financing methods. The Company does not anticipate any material impact on the Company's cash flow position or business operations as a result of this transaction.
12:44
According to official news, BNB Smart Chain announced its annual storage report, and it is reported that the storage statistics are obtained by setting up a full node with a path-based storage scheme (PBSS) and PebbleDB synchronized to block 34840595, and will be generated on December 31, 2023. The data shows that the total storage size of BNB Smart Chain increased from 1.73TB to 2.45TB, a growth rate of 41.6%. In 2023, BSC's data storage needs increased significantly, especially in block size, with an increase of 256GB, a growth rate of 46.4%. Add-ons such as receipts, headers, codes, and more also saw significant growth, with growth of 185GB, 6.68GB, and 4.73GB, respectively, with growth rates of 37.95%, 49.1%, and 30.5%, respectively.
BNB1.04%
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07:26

The UK economy fell into recession in the second half of 2023

Official data showed that the UK economy shrank by 0.3% in the three months to December, less than expected, while the economy also shrank by 0.1% between July and September, with the economy entering recession in the second half of 2023. The Central Bank said it expects the economy to pick up in 2024. However, sluggish economic growth will still make it difficult for British Prime Minister Rishi Sunak to try to win voters ahead of the national elections, which are expected to take place later in 2024. The Office for National Statistics (ONS) said economic output fell 0.1% month-on-month in December, following a 0.2% economic growth in November. Shortly after the release of the GDP data, the pound edged lower against the dollar and the euro.
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ONS2.47%
07:53

The UK economy grew slightly in November The possibility of a recession in the second half of last year remains

The UK economy rebounded modestly in November and still faces a technical recession. The Office for National Statistics (ONS) reported that gross domestic product (GDP) grew 0.3% month-on-month in November, reversing a 0.3% decline in October. Economists had expected a 0.2% increase. This means that the economy will need to be at least flat in December to avoid a contraction for the entire quarter, which was weighed down by wet weather and doctors' strikes.
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08:48

TD Securities: Bank of England is at risk of being hawkish

TD Securities noted that the Bank of England's Monetary Policy Committee (MPC) preferred measure of wages rose 8.2% year-on-year in the three months to June, above the MPC's forecast of 7.6%. The wage surprise alone would mean at least a 25 basis point hike from the Bank of England in September. It is worth noting that the ONS also said that wage figures for June will be revised upwards further next month. While this probably won't affect the core wage data, it will still have a marginal impact. While inflation came in at 6.8% as expected by the MPC, the most important thing was that inflation in the services sector was stronger and higher than the MPC expected.
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19:28
Jinse Finance reported that Web3 company ZERO10 announced a partnership with JD Sports to provide virtual try-on services for Nike clothing at its flagship stores in Times Square in New York and Avenue Street in Chicago. ZERO10’s AR mirror animates the new JD Sports x Nike Need it Now collection, allowing visitors to virtually try on 18 items, some with additional AR enhancements like water droplets. In addition to the virtual try-on mirror, ZERO10 is also debuting a new application of the technology as a point-of-sale tool through which customers can initiate an online purchase if an item is out of stock or needs to be pre-ordered, by scanning the QR code of the item, Go to the JD Sports website and complete your purchase.
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03:56

Is the youth unemployment rate expected to fall next month? ONS Response

Is youth unemployment expected to fall next month? In this regard, Fu Linghui, spokesperson of the National Bureau of Statistics, said at a press conference today that regarding the youth unemployment rate, as college graduates gradually enter the labor market, from a seasonal and historical point of view, every graduation season , the youth unemployment rate will increase. Judging from this year's situation, in June, the youth unemployment rate was 21.3%, which was higher than that of the previous month. Judging from the situation next month, due to the concentration of young graduates and young people entering the labor market, there may be an increase. Generally, as the graduation season passes, young people gradually find jobs. From a historical perspective, after August, the number will gradually decline. This is about youth employment.
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06:26

UK economy outperforms expectations in May, June data key

Britain's economy shrank less than expected in May after an extra holiday to commemorate the coronation of King Charles III weighed on economic activity. The Office for National Statistics released data today showing that GDP fell by 0.1% month-on-month in May, compared with an increase of 0.2% in April. The figures continued a string of unexpected growth in the UK. Markets will be closely watching data for June, with a strong rebound likely to show underlying strength in economic activity, while weaker data could signal the start of a prolonged downturn. Even when the economy is strong, fluctuations and occasional contractions in monthly data are not uncommon. The ONS reported contraction in two of the six months from October to March, although figures for the entire quarter were positive. That runs counter to the Bank of England's November forecast, which saw it as one of the longest recessions on record.
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08:55

Inflationary pressures on UK job market expected to ease as health crisis eases

The number of people unable to enter the UK job market due to long-term illness has fallen for the first time this year, a further sign that the UK economy is emerging from a "crisis of inactivity". While NHS waiting lists remain at record highs, the ONS said on Tuesday that the number of chronically ill people fell by 30,000 in the three months to May compared with their peak in April. The data suggest that inflationary pressures from the labor market may ease in the coming months. While wage growth remained above what the Bank of England said was in line with its target, unemployment rose as more people entered the labor force, suggesting upward pressure on wages may have passed its peak. Charlie McCurdy, an economist at the Resolution Foundation, a British think tank, said: "With the job market returning to pre-epidemic conditions, it is undoubtedly good news that economic inactivity has fallen further."
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06:34

UK retail sales rebound more than expected

Sales at British retailers rose more than expected last month, a rebound that showed consumers have been surprisingly resilient in the face of tighter living costs, with sales rising in three of the past four months. This has further increased pressure on the Bank of England to raise interest rates as it tries to bring down persistently high inflation. Sales rose in all categories tracked by the ONS except fuel and household goods. Investors raised bets on further rate hikes from the Bank of England after shocking inflation data on Wednesday showed price pressures did not fade as quickly as expected.
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03:06

Bank of England chief economist: Increase in immigration will boost UK economy

Huw Pill, chief economist at the Bank of England, said the higher-than-expected immigration numbers prompted the bank to raise its growth forecast by 20 basis points, underscoring the need for labor in Britain to fill jobs. He said the ONS had raised its gross domestic product (GDP) forecast to the end of 2025 by about 0.2 percentage points from its previous revision, as net migration pushed the ONS upward in its population forecast. Official figures now show that net migration to the UK is expected to stabilize at around 245,000 a year by 2028, up from a previous estimate of 205,000. Figures due on Thursday are expected to show another record high in net migration, at odds with British Prime Minister Rishi Sunak's ambitions to curb immigration inflows.
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07:53

Institution: Rise in UK unemployment may ease Bank of England inflation concerns

The ONS said total employment fell in April for the first time in more than two years, down 136,000 from March. The job vacancy rate fell for the tenth straight time in the three months to April, reaching its lowest level since mid-2021. However, wage growth remains strong by historical standards. Wage growth is at the heart of the Bank of England's debate over whether to raise interest rates further. Base wages rose 6.7 percent in the three months to March compared with a year earlier, a slight acceleration from the 6.6 percent rise in the three months to February. Morgan, director of economic statistics at the ONS, said men were predominantly returning to work or looking for work, while a record number of people were out of work due to prolonged illness
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