The change in US Treasury leadership could change the department's attitude towards cash held at the Federal Reserve, with strategists warning that the move could affect the US bond market. Bank of America and Wrightson ICAP LLC, among others, said the Treasury could reduce the amount of money held in Fed accounts as the cash balance - the cushion that ensures the US can pay its bills - shrinks. This would allow the government to issue fewer short-term bonds and further...
According to Fox reporter Eleanor Terrett, the U.S. Senate Banking Committee will hold a hearing on February 5 to focus on the "debanking" of cryptocurrency companies by banks. Eleanor Terrett said this is the first-ever "debanking" topic hearing in the United States. Previously, the US House Committee on Oversight and Government Reform sent letters to the heads of crypto companies such as Uniswap Labs CEO Hayden Adams, Coinbase CEO Brian Armstrong, and Kraken CEO David Ripley, asking them to "g...
On January 24th, the dollar index DXY fell 15 points in the short term and is now at 107.25. The pound against the dollar GBP/USD rose by 1.00% in the day to 1.2478. The euro against the dollar EUR/USD expanded to 1.00% in the day to 1.0520.
Market news: US President Donald Trump freezes Department of Energy spending and loans.
On January 25th, the Nasdaq China Golden Dragon Index rose more than 3%, popular Chinese stocks rose, iQIYI (IQ. O) rose 15%, Kingsoft Cloud (KC. O) rose more than 13%, NIO (NIO. N), XPeng Motors (XPEV. N), NetEase (NTES. O) rose more than 3%.
President Trump: Will sign an executive order to fundamentally reform or abolish the Federal Emergency Management Agency (FEMA).
The total number of oil rigs in the United States in the week to January 24 was 472, compared with 478 previously.
Baker Hughes Oil Service: The number of oil and gas rigs in the United States has fallen to its lowest level since December 2021.
Rick Wurster, chief executive of Charles Schwab, told analysts on a conference call this week: "We do want to be able to offer spot cryptocurrency services, and we expect cryptocurrency regulations will eventually allow us to do so." The Financial Times reported that the SEC later on Thursday overturned guidance known as SAB 121, potentially opening the door for Wall Street banks to take custody of cryptocurrencies.
The market shows that BTC broke through $107,000 and is now reported at $107007.77, with a 24-hour increase of 1.13%. The market fluctuates greatly. Please do a good job in risk control.
The S & P Global Services PMI in January was 52.8, compared with an expected 56.5 and a previous value of 56.8.
The S & P Global Manufacturing PMI in January was 50.1, compared with expectations of 49.7 and a previous value of 49.4.