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Contrary to popular belief, the price of bitcoin is driven by demand, not changes in its [mining] supply, 10x Research wrote. During bitcoin's five bull markets, investors have continuously innovated in the way they acquire bitcoin, from early spot trading to using instruments such as futures, unsecured borrowing, spot bitcoin ETFs, and now ETF options. The development highlights bitcoin's growing integration with traditional financial marekts, the U.S. Commodity Futures Trading Commission said.
On October 28th, at a press conference held by the State Council Information Office today, in response to the recent series of China-related restrictive measures introduced by the US, Zhang Shaogang, vice president of the China Council for the Promotion of International Trade, said: Recently, the United States and the European Union have successively introduced some China-related economic and trade restrictive measures, which are all unilateralist measures that obviously violate WTO rules and ha...
On October 25th, Li Qiang presided over an executive meeting of the State Council to exchange views on the economic situation and the implementation of a package of incremental policies. The meeting emphasized that it is necessary to closely focus on efforts to achieve the annual economic and social development goals, continue to grasp the implementation of a package of incremental policies, evaluate and optimize policies in a timely manner, increase counter-cyclical adjustment efforts, and furt...
Economist Peter Schiff wrote on the X platform that ETFs violate the original intention of Bitcoin. They are no longer decentralized, not peer-to-peer, easily confiscated, cannot be used as payment currencies, and cannot be transferred across borders. Users no longer own private keys, nor are they their own coins.
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