On January 24th, the RMB suddenly rose by nearly 400 points today. Recently, the trend of the RMB has been completely different from what was expected. After the official inauguration of US President Trump, the RMB is on the rise. As of 16:30 on January 24th, Beijing time, the US dollar/offshore RMB was at 7.2432, and the cumulative rise on that day was nearly 400 points. Compared with the weakest position near 7.37 in January, it has risen by nearly 1,300 points. "The previous market expectatio...
On January 24th, the exchange rate of the RMB against the US dollar rose sharply, recovering the 7.24 yuan mark during the session. "The sharp rise of the RMB exchange rate is mainly affected by the news." Pang Ming, a special senior researcher at the National Financial and Development Laboratory, said that the market generally hopes that the uncertainty of the external environment will be reduced, which makes the RMB exchange rate supported in sentiment and fundamentals. The key to stabilizing ...
According to Bloomberg senior ETF analyst Eric Balchunaspilu, spot Bitcoin ETFs have had a strong start to the year, with inflows of $4.20 billion, accounting for 6% of all ETF inflows. Since its launch, net inflows have exceeded $40 billion and asset management (AUM) has reached $121 billion, resulting in a return of 127%. At present, the asset size of the Bitcoin spot ETF has exceeded the ESG ETF ($117 billion) and is comparable to the size of the gold spot ETF.
Eurozone banks need a digital euro in response to U.S. President Donald Trump's efforts to promote a stablecoin, a cryptocurrency usually pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday. That would help lure more customers away from banks and strengthen the case for the ECB to launch its own digital currency.
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...
On January 23rd, the report of public funds for the fourth quarter of 2024 has been fully disclosed. According to the latest data from Tianxiang Investment Gu, as of the end of the fourth quarter of 2024, the top ten heavy stocks of 5,179 actively investing in partial stock funds (including closed-end funds, open-end stock funds, and mixed funds) included in the statistics are Ningde Times, Tencent Holdings, Midea Group, Guizhou Moutai, Lixun Precision, Wuliangye, Cambrian, Zijin Mining, Hengrui...
The number of Americans filing for unemployment benefits for the first time last week was 223,000, an estimate of 220,000, and the previous value was 217,000.
According to on-chain analyst Ember Monitor, an address has raised 196,000 SOL ($48.87 million) from Binance in the last 3 days, with an average price of $248.5.
Ledger co-founder David Balland has been released after being kidnapped in France. Bloomberg reports that the details of the case have not been disclosed and the relevant investigation is ongoing.
According to on-chain analyst Ember Monitoring, in the second minute of MELANIA deployment, 5.203 million MELANIA addresses were purchased at a price of $0.13, and the last 1.47 million MELANIA he held were sold for 4.52 million USDC 30 minutes ago. So far, he bought MELANIA at $0.13 and sold it all at an average price of $8.36, turning $680,000 into $43.52 million, a 63-fold gain.
According to on-chain analyst Ember, in the past 3 hours, a whale has transferred all 10 tokens worth $18.01 million in the address into Bitget. These include 4,136 BNB (2.83 million USD), 227,000 UNI (2.89 million USD), 83,000 LINK (2.07 million USD), etc. He should have lost $930,000 on these tokens: they were raised from Bybit during 1/6-1/10 and were worth $18.94 million at the time.