Although regulators around the world have banned Polymarket on the grounds that it is a gambling platform, lawyer Aaron Brogan has good reason to argue that it is not a gambling platform. Aaron Brogan, a New York-based cryptocurrency lawyer, argues that on the surface, prediction markets are just an online version of gambling, which is not true. "If you are a state-licensed gambling product...
The official news: The Indonesian Palm Oil Fund has resumed disbursement of funds to biodiesel producers and launched a palm tree replanting program.
Some large institutional investors are shifting their sights from artificial intelligence chipmaker NVIDIA to the head cryptocurrency ETF, with data showing that Millennium Management's Israel Englander reduced its stake in NVIDIA by 12.5% in the third quarter of 2024. Capula Managment's Yan Huo decreased by 27.7% in the third quarter. Meanwhile, the two high-profile billionaire investors increased their holdings in bitcoin through BlackRock IBIT, where Englander increased its IBIT holdings by 1...
Official news: Due to the restructuring of the palm oil fund, Indonesia has temporarily frozen financial support for palm tree replanting projects.
US Inflation vs. Federal Reserve Rates: Summary of Investment Bank Expectations 2025
On January 12, 2025, Pan Gongsheng, Governor of the People's Bank of China, met with Du Jiaqi, Chairperson of HSBC Group, Howard Wilkes, Chairperson of Standard Chartered Group, and David Schwimmer, CEO of London Stock Exchange Group, who came to Beijing to attend the 4th China-UK Financial Services Summit. The parties exchanged views on the global economic and financial situation, China's macroeconomic and financial policies, and China-UK financial cooperation.
According to Cointelegraph, cryptocurrency research firm CoinShares said in a blog post on January 10 that the establishment of a reserve bank in the United States will accelerate the adoption of bitcoin even faster than the launch of an exchange-traded fund (ETF) in 2024. In 2024, US lawmakers introduced the Bitcoin Act, which would direct the US Treasury to buy 1 million BTC over five years to build a "strategic bitcoin reserve".
1. Banco Paribas: 4.2%; Barclays: 4.2%; Bank of America: 4.2%; Capital Economics: 4.2%; Deutsche Bank: 4.2%; 2. Daiwa Capital: 4.2%; Danske Bank: 4.2%; HSBC Holdings: 4.2%; ING: 4.2%; JPMorgan Chase: 4.2%; 3. Mizuho Securities: 4.2%; Lloyds Bank: 4.2%; Moody's Analytics: 4.2%; Nomura Securities: 4.2%; Royal Bank: 4.2%; 4. Societe Generale: 4.2%; TD Securities: 4.2%; UBS Group: 4.2%; Wells Fargo: 4.2%; Deutsche Bank: 4.3%; 5. Goldman Sachs Group: 4.3%; Jefferies: 4.3%; Standard Chartered: 4.3%; M...
On January 5th, the Shanghai Stock Exchange recently held a symposium for foreign institutions to have in-depth exchanges with representatives of 8 foreign institutions and fully listen to opinions and suggestions. The person in charge of the Shanghai Stock Exchange pointed out that the Shanghai Stock Exchange will unswervingly deepen the opening up of the capital markets to the outside world, and welcome suggestions and suggestions from foreign institutions to jointly promote the further compre...
On January 5th, on January 4th, the Shenzhen Stock Exchange held a symposium for foreign institutions to listen to opinions and suggestions on the recent situation of the class A share market. The relevant person in charge of the Shenzhen Stock Exchange, 8 foreign securities fund institutions, QFII institutions and asset management institutions participated in the symposium. The relevant person in charge of the Shenzhen Stock Exchange said that foreign institutions are important participants in ...
Two days before the new year, Musk donated 268,000 Tesla shares to unnamed charities, according to market sources. The nearly $112 million gift was part of the billionaire's "year-end tax planning" for "certain charities," according to a filing Tuesday.
On January 2, China 100 Group released a stock price change announcement. As of December 31, 2024, the number of shareholders of the company was 117,040, an increase of 83,121 from 33,919 on November 29, 2024. The number of shareholders has increased significantly. The shareholding ratio of natural persons exceeds the shareholding ratio of legal persons and institutions. Investors are invited to pay attention to investment risks and avoid blindly following the trend.
On December 31st, the China Securities Supervision Commission and the People's Bank of China co-opted 20 participating institutions on the basis of the first batch of 20 participating institutions, and formed a pool of 40 alternative institutions according to conditions such as classification evaluation and compliance risk control. During each batch of operations, about 20 institutions were selected to participate in the People's Bank of China's invited tenders operation according to the scale o...
Blockchain investor Oak Grove Ventures has completed a strategic investment in innovative blockchain platform DuckChain. This investment is designed to support the expansion of DuckChain's technical team, promote Product Research & Development, and deepen its synergies with the Telegram ecosystem. DuckChain is an innovative startup focused on blockchain technology solutions, with a platform based on TON's EVM solution, dedicated to providing seamless decentralized application development support...
Crypto market research firm Santiment posted on the X platform that the last few days of 2024 saw a significant drop in trading volume in the cryptocurrency space. Overall, the past week saw a 64% decrease in trading volume compared to the previous week (including Bitcoin's all-time high). The downward trend in trading, especially in speculative counterfeit products, is not surprising. The last week of December is typically the least active of the year as the holidays roll in and traders sort ou...