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Flying Tulip, a decentralized finance (DeFi) platform established by Andre Cronje, has successfully raised $25.5 million in a Series A private funding round. According to NS3.AI, prominent investors such as Amber Group and Fasanara Digital were involved in this round of funding. This latest investment comes after a previous seed round in September, where the platform raised $200 million.
#FedHoldsRates #GoldOnTheRise #VIRBNB

Hong Kong Customs reported on January 29 that a smuggling case involving a private vehicle was uncovered at the Heung Yuen Wai Boundary Control Point on January 27. According to PANews, approximately 219 kilograms of suspected smuggled silver, valued at around HKD 6.1 million, were seized. Following an investigation, customs officials arrested a 46-year-old male driver and a 40-year-old male passenger, charging them with attempting to export unmanifested cargo. The case was brought before the Fanling Magistrates' Court on January 29. Under Hong Kong's Import and Export Ordinance, smuggling is considered a serious offense, carrying a maximum penalty of a HKD 2 million fine and seven years imprisonment upon conviction.
#GoldOnTheRise #VIRBNB #StrategyBTCPurchase

On January 29, Saudi Arabia and the United Arab Emirates are extending their geopolitical and economic rivalry into the gold trade sector. According to BlockBeats, Saudi Arabia plans to procure gold from war-torn Sudan to weaken the UAE's longstanding dominance in the country's gold exports.
Previously, Sudan's military government primarily exported gold to the UAE. Official data indicates that in the first nine months of 2024, Sudan exported approximately 10.9 tons of gold, valued at $1.05 billion, with most of it going to the UAE. However, after Sudan accused the UAE of interfering in its civil war and formally severed ties last year, Sudan is actively seeking new export channels.
Sudan's state-owned mineral resources company disclosed that the Saudi Gold Refinery Company has expressed readiness to "immediately start purchasing gold" from the Sudanese government. The scale and timing of these transactions have not been disclosed, and Saudi officials have yet to respond.
Analysts suggest this move signifies a further escalation in tensions between Saudi Arabia and the UAE, potentially opening new competitive fronts in the commercial sector. However, some believe that Saudi Arabia may struggle to completely replace the UAE's central role in Sudan's gold trade in the short term, viewing the move more as a political statement.
With the ongoing civil war and financial pressures, gold revenue is crucial for Sudan. Officials have estimated that about 80% of gold production may be lost to smuggling, causing the country to lose up to $5 billion annually. As Saudi Arabia increases its involvement, the flow of Sudanese gold may undergo significant structural changes.
#VIRBNB #ZAMAPreTGESale #USIranStandoff #ClawdbotSaysNoToken

Federal Reserve Chair Jerome Powell has not yet decided whether he will continue to serve on the Board of Governors after his term as chair concludes. According to NS3.AI, Powell's current term as a board member is set to last until 2028. He declined to comment on a subpoena and highlighted that the responsibility for managing the value of the U.S. dollar lies with the Treasury Department, not the Federal Reserve.
News Source 👉 Binanace News