Hedge fund Elliott has warned that the Trump administration's support for cryptocurrencies has fueled a speculative frenzy that could cause "havoc" when prices plunge. The $70 billion firm has taken aim at the US government's apparent enthusiasm for assets with soaring prices but "no substance", as well as pro-cryptocurrency politicians, according to an investor letter. The fund "has never seen a market like this", Elliott wrote.... The artificial intelligence boom and high stock market valuations are signs that investors are "acting like a bunch of sports bettors". Cryptocurrencies are the "starting point" for the speculative boom across the market, not only because it has grown in size but also because it is "close to the White House". The "inevitable collapse" of the cryptocurrency bubble "could wreak havoc in ways we cannot anticipate". It is worth mentioning that Elliott founder Paul Singer is a long-time donor to the Republican Party, donating $56 million to conservative candidates during the 2024 election cycle. (Golden Ten)
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1. China Office and State Office: Guarantee the car-free family's car purchase demand by year. 2. JPMorgan Chase: Tesla's current predicament can be called "unprecedented" in the automotive industry. 3. China Automobile Association: The 2025 annual new energy vehicle to the countryside model recommended catalog declaration starts, and the passenger car guide price needs to be less than 350,000 yuan. 4. Guangdong license plate into Hong Kong is expected to be realized within the year. 5. He Xiaop...
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According to on-chain analyst OnchainLens (@OnchainLens), the SolayerLabs team transferred 6.90 million LAYER tokens to the Binance exchange in the past hour, worth about $8 million.
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Aave Labs founder Stani Kulechov clarified on Sunday that no new tokens will be created for Aave's proposed product, Horizon.
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Under the impact of data and Trump's policies, if Powell continues to maintain his original tone, it will be particularly "embarrassing"... Click to view...
Hunter Horsley, chief executive of Bitwise, tweeted: "There are currently two types of bitcoin holders in the market, investors (who see bitcoin as an investment, measured in dollars) and savers (who see bitcoin as a savings account, measured in how much BTC they own)."
The strong pattern of gold remains unchanged, and the US index pays attention to the gains and losses of this support. The pound is facing a key choice, and the resistance in Europe and the United States is accurately fulfilled... Click to view...
According to the official announcement, Binance will adjust the mortgage rate of some assets in the unified account at 14:00 on March 21, 2025 (East 8th District time). This update will be completed in about one hour. The specific adjustments are as follows:
POL (85% to 75%)
ZEC (80% to 70%)
DASH (80% to 70%)
LRC (80% to 65%)
SXP (70% to 55%)
DUSK (70% to 55%)
On March 17, the General Office of the Shanghai Municipal People's Government issued the "Several Measures for Promoting the Innovation and Development of the Service Industry in Shanghai", which mentioned that enterprises in information services, professional services and other industries should be encouraged to deepen their vertical fields, and a number of advanced subdivision special models should be selected and subsidized. Give full play to the role of municipal artificial intelligence indu...