US government funding expires at the end of the month, and the two parties in Congress shirk responsibility. The Republican temporary funding bill may not cross the 60-vote threshold in the Senate, and Trump's plan to withdraw 5 billion foreign aid is even more messy. Click to view...
Since the end of November, Bitcoin has been trading between $91,000 and $109,000, with a very narrow range of volatility. In other words, Bitcoin's volatility has decreased significantly. According to Glassnode, the two-week real volatility (a measure of how much an asset has moved over the past two weeks, on an annualized basis) has fallen to 32%, one of the lowest levels in several years. In addition, the one-month volatility implied by options (the market's expectation of volatility over the ...
According to Ming Pao, the Hong Kong government will announce a new "Budget" at the end of this month. Legislative Council member (financial services sector) Li Weihong said that he has integrated the opinions of the industry and handed it to Finance Secretary Chen Maobo. Li Weihong proposed to promote the development of virtual assets and futures markets, speed up the approval and upgrade of licenses, and suggested that the Futures Exchange realize 23-hour trading as soon as possible, increase ...
According to an article in Fortune magazine, Tether is on track to make a net profit of more than $10 billion by the end of this year, "spurring" a number of banks around the world to join the stablecoin market and take a share, including: 1. Societe General-Forge, a subsidiary of Societe Generale, launched a euro-backed stablecoin. 2. Oddo BHF SCA is also developing a stablecoin denominated in euros. 3. London Revolut is considering issuing its own stablecoin. 4. Deutsche Bank's DWS plans to la...
National Energy Administration: As of the end of November, the country's cumulative installed power generation capacity was about 3.23 billion kilowatts, an increase of 14.4%
Crypto analyst PlanB wrote on X that according to its speculation on the trend of Bitcoin's market in the next few years released at the end of September, BTC has basically achieved the first two goals, namely rising to $70,000 in October and rising to $100,000 in November (actually $99,800 but close enough to form the largest monthly candle of $26,000 ever). It added that BTC's next target is to rise to $150,000 in December.
Although 2024 is drawing to a close, there are still some major events to come this year...
JPMorgan Chase expects silver prices to rise to $38 an ounce by the end of 2025.
On November 24th, the State Administration of Financial Supervision released today (24th) that as of the end of October, the national inclusive small and micro enterprise loan balance increased by 14.98% year-on-year, and the loan interest rate continued to decline. Data show that at the end of October, the national inclusive small and micro enterprise loan balance was 32.45 trillion yuan, an increase of 14.98% year-on-year, 7.47 percentage points higher than the growth rate of various loans. Am...
In its latest statement, Binance said it expects its full-time compliance team to reach 645 by the end of 2024, up 34% from November. Including contractors, there are now more than 1,000 employees focused on compliance. Noah Perlman, chief compliance officer at Binance, said that the crypto industry has entered a new stage of maturity, with regulatory compliance becoming the fundamental standard for user experience and protection, business success and responsible growth. The latest additions to ...