“Today, Dalio took to CNBC to say that the US economy has slipped into a ‘stagflationary environment.’”

'I think that right now we are at a decision-making point and very close to a recession,' he said.

'And I'm worried about something worse than a recession if this isn't handled well.'

“Dalio warned that if Warsh were to lead the nation’s central bank to cut interest rates, that would risk damaging confidence in the Fed.”

Scallop faced an exploit and lost 150,000 SUI.

The affected contract has been frozen and Scallop will cover 100% of the loss.

Chinese VC firms are adopting parallel fund structures to retain U.S. capital while complying with tightening rules from both Beijing and Washington, steering foreign money away from sensitive sectors, Bloomberg reported Monday.

At the same time, Communist China’s VC market is shifting toward RMB dominance, with U.S. dollar funds’ share dropping from ~33% to ~10% in five years as state-backed capital rises.