Texas Lieutenant Governor Dan Patrick has announced his state's legislative priorities for 2025, which include a proposal to establish a Texas Bitcoin Reserve. Texas joins at least five U.S. states that are pushing for the establishment of Bitcoin (BTC) or cryptocurrency reserves, including Arizona and Utah, whose strategic reserve bills have passed in committee.
The Federal Reserve made its debut in the new year, maintaining the base rate unchanged at 4.25% -4.50%, in line with market expectations. (Jin Ten)
After the Federal Reserve left its policy rate unchanged and dropped long-mentioned claims of "progress" in inflation in its post-meeting statement, short-term interest rate futures pricing suggested a greater likelihood that the Fed would not cut rates before June. Following the statement, traders expected a roughly 40% chance of a rate cut before June, compared with a previous forecast of nearly 50%. Interest rate futures contracts continue to point to June as the most likely month to resume r...
The Bank of Canada announced the end of quantitative tightening and will gradually resume its asset purchase program in early March.
If DeepSeek leads to a broader market correction, then the Federal Reserve will be more inclined to cut interest rates. Click to view
On January 29th, according to a report by Jin Ten, market news said that the DeepSeek app is no longer available in Apple and Google Play in Italy.
According to the Wall Street Journal, former Arizona Senator Kyrsten Sinema has joined Coinbase's global advisory board. In an interview, Kyrsten Sinema said that the future of cryptocurrencies is very bright.
According to Jin Ten, analysts at RBC Capital Markets said that the Federal Reserve's January meeting seems unlikely to change the market narrative. The market has fully priced in the expectation of a pause in interest rate hikes for most of the time between talks, and the Fed spokesperson has not tried to fight back, the analysts said in a note. However, they said that even if the Fed pauses rate cuts, it will almost certainly maintain its interest rate cut bias. This is in line with the curren...
According to Jin Ten, the governor of the Czech Central Bank said that bitcoin as an asset is being considered for inclusion in foreign exchange reserves; currently it has zero correlation with bonds and is an interesting asset for large portfolios. It is currently only in the analysis and discussion stage; the committee will make decisions, there are no upcoming decisions, and in-depth analysis is required.
According to Jin Ten, U.S. pre-market semiconductor stocks continued their rebound trend, with NVIDIA up 0.67 percent, Broadcom (AVGO. O) up 2.84 percent, and ASML. O up 9.06 percent.
Tariff uncertainty has led to a rebound in the dollar, but market attention is about to be distracted. Both Bank of America and Morgan believe that the Federal Reserve will be very boring tonight. The key is to watch...