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What You Need to Know: Rate Hikes Officially Put on Hold This Morning

In this content, the author discusses various news happening in the market. They mention Elon Musk’s influence on the price of cryptocurrency, particularly Dogecoin, which saw a significant increase in value. The author also talks about drama surrounding the cryptocurrency exchange Binance, including rumors involving its CEO CZ. They advise caution when keeping cryptocurrency on exchanges and suggest withdrawing funds to cold storage. Additionally, the content mentions that the Australian Central Bank has decided to keep interest rates unchanged at 3.6 percent. This breaks the pattern of rate hikes and signifies a pause in their tightening cycle.

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