News

Jinse Finance reported that energy asset management platform Plural has announced the completion of an oversubscribed $7.13 million seed round led by Paradigm, with participation from Maven11, Volt Capital, and Neoclassic Capital, bringing the company's total funding close to $10 million. Plural is committed to bringing high-yield energy assets such as distributed photovoltaics, battery storage, and data centers on-chain through tokenization and smart contracts, enabling institutional investors to efficiently participate in this sector that is traditionally difficult to finance.

Jinse Finance reported that Bank of America expects significant internal divisions in the Federal Reserve's interest rate decision in September. Dovish members such as Waller, Bowman, Daly, and Milan, who is likely to be confirmed as a board nominee, may push for further rate cuts, while hawkish members such as Harker, Bostic, Musalem, and Schmid emphasize inflation risks. Even if there is a 25 basis point rate cut at the September meeting, there may still be dissenting votes in both directions within the committee.