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Exchanges are definitely not safe. You can refer to the following exchanges to learn about fraud prevention and avoid being scammed.
Mcnex Exchange is a funds game scheme that relies on multiple shell changes and false advertising. It has many hidden scamming tactics. The specific details are as follows:
Three shell changes to cover up its misdeeds: It is not a new platform; it was originally called MCN Global and has since changed its name twice to the current Mcnex. Each time the old name was exposed due to the scam, it changed its name again to continue deceiving newcomers, specifically targeting users from certain regions, making it difficult for victims to unite and defend their rights.
False packaging creates a facade: It loudly claims to have compliance filings with the SEC in the United States and a Hong Kong license number 1479, but these are all lies. The SEC filing is merely a basic financing report and has nothing to do with compliance supervision. The Hong Kong license also has no filing information available. It falsely claims to have bank-level custody of funds; in reality, the money users deposit flows into the platform's private accounts and can be misappropriated at will.
Multiple scamming tactics for severe exploitation: First, malicious liquidation through contract following; the packaged teachers will entice users to heavily leverage, and the platform will then manipulate the K-line and maliciously lock positions to cause user liquidation. Afterwards, the losses are split with the teacher at a ratio of 7:3. Second, it sets up a Ponzi scheme with staking financial products, using high returns of 20%-40% monthly as bait, paying old users' earnings with new investors' money; once the funding chain is broken, withdrawals are blocked. Third, the platform issues an unlimited number of tokens, with the issued MEX and MT tokens having no actual application and no transparent destruction mechanism. The platform can arbitrarily increase issuance or delist them, selling off after inflating the price, ultimately turning the tokens into worthless paper.
Signs of a collapse have already emerged: Currently, the platform has experienced delayed withdrawals, customer service being unresponsive, forced position locks, and even account bans. There are already thousands of victims in Zhejiang, Guangdong, and other regions, with many individuals losing up to a million. Multiple anti-fraud communities have warned of a high likelihood of imminent collapse and absconding.
1. Rate Cut Rhythm: The first rate cut of 25 basis points will occur in September 2025, bringing the federal funds rate down to 4.00%-4.25%. So far, this cycle has seen a cumulative rate cut of 125 basis points; the dot plot predicts that the year-end rate may reach 3.6%, implying there may still be room for two more 25 basis point cuts within the year. 2. Policy Logic: Adopt a cautious strategy of 'small steps' to balance the economy and inflation, with each rate cut being a progressive adjustment of 25 basis points, reserving policy buffer space.
II. Core Reasons for Rate Cuts
- Economic Fundamentals Under Pressure: The economy is experiencing wide fluctuations, with weak domestic demand growth. The rebound in Q2 GDP relies on a decline in imports, and internal driving forces are weakening; the job market is cooling, with only 22,000 new non-farm jobs added in August, and the average monthly new jobs over the past three months is less than 120,000, with the unemployment rate reaching a nearly four-year high.
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$BTC 🔥 Understanding the 2025 Global Cryptocurrency Landscape
The crypto market in 2025 is shaping up to be more dynamic than ever. From Bitcoin’s massive $2.37T valuation to emerging projects gaining traction, the global digital economy continues to evolve at lightning speed.
🚀 Whether you’re a trader, investor, or blockchain enthusiast, 2025 is full of opportunities. Staying informed is the key to winning in the next market cycle.