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Analysts at Citi said the new policy support would help solidify the legitimacy of counterfeit products in the market and could push up their prices. "Bitcoin is classified as a commodity and there are already'traditional financial 'trading instruments such as spot ETFs and futures. By contrast, other crypto assets have a more uncertain definition and a more limited range of investment options." The analyst added that further policy support would provide a huge boost to counterfeit products comp...
On December 25th, today, the central bank continued to do 300 billion yuan MLF, win the bidding interest rate to maintain 2%, compared with the maturity of 1.45 trillion yuan, a significant reduction of 1.15 trillion yuan. Wang Qing, chief macro analyst at Oriental Jincheng, pointed out that the reduction operation is related to the early release of medium-term liquidity by the central bank in November and the recent easing of funds. Wang Qing expects that the RRR cut is still possible before th...
Regulators in El Salvador and Argentina have signed an agreement to help develop the crypto industry in both countries. Juan Carlos Reyes, El Salvador's top cryptocurrency regulator and chairperson of the National Council for Digital Activities (CNAD), said the agreement will help El Salvador expand its influence by establishing a strategic partnership. While the details of the deal are not clear, Reyes said the agreement is designed to enable the two regulators to share knowledge and experience...
Non-farm boots landing, the US job market continues to cool; Powell assists "100,000 dollar historical market", how much space is there for follow-up imagination? Oil prices continue to decouple from inventories, the market ignores OPEC + to give positive, and the two major market blind spots have not reached a consensus. Should crude oil bulls continue to insist? Click to get weekly macro analysis > >
KiYoung Ju, CryptoQuant's founder and chief executive, wrote to Mr. Musk in an X post, saying: "The president of South Korea has just declared martial law... All media and publications must now be censored under martial law and we all need to seek refuge in X."
On November 26th, Foreign Ministry Spokesperson Mao Ning chaired a regular press conference. Bloomberg reporter asked that the European Union proposed to impose sanctions on several Chinese companies, claiming that these companies helped Russian companies develop attack drones for use in Ukraine. What is China's comment on this? Mao Ning said that China always opposes unilateral sanctions that have no basis in international law and are not authorized by the UN Security Council. On the Ukraine is...
On November 22, Wang Shouwen, representative of the Ministry of Commerce's international trade negotiator and vice minister, introduced at a press conference that in the next step, the Ministry of Commerce will work with relevant localities and departments to closely track the operation of foreign trade, analyze changes in the situation, and implement policies in the field of foreign trade. This will help foreign trade enterprises stabilize orders and expand the market, providing strong support ...
The October CPI data of the UK rose more than expected did not help the pound to get out of the slump, and the rebound of the US index continued to suppress the pound market. Well-known investment banks said that important resistance to the pound still exists, and they prefer to short the pound in this area... > >
SlowMist posted on the X platform that its team will help law enforcement trace the stolen funds and analyze relevant clues, and will soon release a complete list of hacker addresses with DEXX. Roughly 2,000 suspicious addresses have been identified so far.
NVIDIA (NVDA. O) has teamed up with Alphabet's Google to help design quantum computing processors. Google's quantum artificial intelligence (Quantum AI) unit will use NVIDIA's Eos supercomputer to accelerate the design of quantum components. The idea is to promote the physics that requires quantum processors to operate, helping them overcome many of their current limitations.
A lawyer who helped President-elect Trump form a new administration warned Department of Justice staffers on Monday that they could be fired if they try to resist the Republican agenda. "If these Justice Department staffers are not acting in good faith to carry out President Trump's plans, they should leave. Those employees who engage in so-called'resistance 'to the legitimate agenda of a legitimately elected president will subvert American democracy," Mark Paoletta, a Schaerr Jaffe attorney who...
Citigroup CEO Fraser said that looser regulation will help U.S. industries lead, and Trump is expected to support economic growth and have a positive impact.
Vinay Gupta, a technologist who helped coordinate the launch of Ethereum, said he is seeking to push a sensible crypto policy towards President-elect Donald Trump's transition team. In addition, inspired in part by Trump's landslide victory on Election Day, Gupta is considering moving himself and his team at UK-based blockchain company Mattereum to the US. He added: "We plan to move people (including me) to Washington DC soon to help the US...
According to NBC News, Harris aides said Harris is expected to call Trump on Wednesday to concede defeat.
Nasdaq president Tal Cohen said artificial intelligence has helped Nasdaq increase productivity by about 10-20 per cent. Cohen was on a panel at the Singapore Fintech Festival to present the major artificial intelligence investments made by the stock exchange operator, with a focus on data, cloud technology, governance and employee upskilling. Cohen said: "This has been a big focus for us and is where we have positioned ourselves over the past decade, not just around artificial intelligence but ...
