Trump has handed over the power to set crypto policy to a range of cryptocurrency supporters, many of whom may have potential conflicts of interest with the industry.
JPMorgan Chase said that in light of the latest non-farm payrolls data, the Federal Reserve is expected to make its next rate cut in June, compared to its previous forecast of March.
JPMorgan Chase: In light of the latest non-farm payrolls data (strong), the Federal Reserve is expected to make its next rate cut in June, compared to its previous forecast of March.
"Given that Ethereum is the only major cryptocurrency [other than Bitcoin] approved as the basis for a spot ETF, it could be a rotation target," Citi analysts said in a report on Monday. Other cryptocurrencies have fared even better, and their share of the overall cryptocurrency market cap is growing. Citibank added that respondents to a recent survey believe that counterfeit products will perform particularly well in 2025...
The Federal Reserve's Mr. Bostic said officials should be cautious in their decision-making, preferring to keep interest rates high given uneven progress in reducing inflation. In a podcast recorded on December 9 and released on Tuesday, Mr. Bostic also said he expected inflation to continue to fall gradually to the Fed's 2 per cent target this year. He said he expected price pressures to subside, although at some point it might look like...
Federal Reserve Barkin: Given the potential upside risk to inflation, it prefers to continue tightening for a longer period of time.
On December 1, the Foreign Ministry Spokesperson answered a reporter's question on the "transit" of Lai Qingde, the leader of Taiwan, to the United States. China firmly opposes any form of official exchanges between the United States and Taiwan, firmly opposes the leader of the Taiwan authorities trying to reach the United States under any name and for any reason, and firmly opposes any form of connivance by the United States to support "Taiwan independence" separatists and their separatist acts...
On November 15th, QCP Capital posted on the official channel that, given the strong upward trend of Bitcoin since the US election, it believes that the target price of $100,000 to $120,000 may not be far away. As the market prepares for the next rally, it is important to pay attention to the following trends and risk factors: Due to the fact that many large players are preparing for it and selling on the rise...
OpenAI has shared information with US government officials on how to build an artificial intelligence (AI) data center that is expected to consume up to 5 gigawatts (five times larger than the one it is currently developing). The idea appears to be similar to Stargate, the code name for a $100 billion supercomputing data center that OpenAI has discussed with its main backer, Microsoft.
According to CoinDesk analysis, given that Republicans flipped multiple seats and regained control of the Senate in Tuesday's presidential election, it is highly feasible for Trump to fulfill his promise to "fire the current SEC chairperson" because his proposal can easily pass the Senate vote, and the new chairperson may take office within a few months. In addition, Gensler may also choose to resign before the new president takes office in January after learning about Trump's plans for him. If ...
Ahead of Tuesday's US Presidential Election, Mr. Musk's million-dollar daily campaign to give voters escaped a legal challenge from the Philadelphia district attorney after a judge in Pennsylvania, a key swing state, refused to block it. A Pennsylvania judge rejected a request by the district attorney to stop the contest, which he called an illegal lottery. Mr. Musk's lawyer said at the hearing that the winner of the contest...
Mr. Musalem said further rate cuts were possible given the economic outlook; supported last month's decision to cut rates by 50 basis points; the Fed needed to be patient; inflationary pressures were expected to continue to moderate; and employment and inflation were in "good shape".
The U.S. stock index gave up previous gains, with the Dow down 0.02%, the S & P 500 up 0.11%, and the Nasdaq up 0.31%.
According to the Financial Times, Saudi Arabia is ready to drop its crude oil target of $100 a barrel in order to regain market share.
On September 12th, it was reported that Hong Kong is currently exploring whether to involve the Securities and Futures Commission (SFC) in the regulation of virtual assets over the counter (OTC) services together with the Hong Kong Customs and Excise Department (C & ED). According to people familiar with the matter, the Hong Kong Securities and Exchange Commission has consulted industry insiders on the possible implementation of a new licensing regime for cryptocurrency over the counter services...