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December 18th Cryptocurrency Market Important News Overview:

1. #BTC☀ Continues to Break New Highs: Bitcoin has risen for three consecutive days, reaching a peak of $108,353, very close to the $110,000 mark. Bitcoin is leading the market, while altcoins are performing weakly. Ethereum has dropped to around $3,870, Dogecoin has fallen to $3.88, and XRP has corrected to $2.56. However, HSk remains strong, reaching a new high of $2.2.

2. Bloomberg Analysts Predict: A wave of cryptocurrency ETFs is expected to be launched next year, with XRP and SOL likely following LTC and HBAR ETFs, becoming #重点关注 objects.

3. #MicroStrategy Market Cap Surge: If Bitcoin rises to $138,000, MicroStrategy's market cap will surpass that of Starbucks and Nike. MicroStrategy currently holds 439,000 Bitcoins, making it the world's largest corporate holder of Bitcoin.

4. #BVNK Completes Financing: Stablecoin infrastructure platform BVNK successfully completed a $50 million Series B financing round, led by Haun Ventures.

5. #美联储降息 High Probability: The probability of the Federal Reserve lowering interest rates by 25 basis points in December is as high as 95.4%.

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Last Week Review:
I. Important Events
1. The Chairman of the U.S. SEC congratulated the 16th anniversary of the Bitcoin white paper release and stated that it will continue to enforce regulations on digital assets.
2. Bill Gates donated $50 million to the Harris team.
3. Co....se International Station announced that it will open the APE-PERP market on October 31 at 17:30, providing users with trading of ApeCoin perpetual futures contracts.
4. Ripple co-founder Chris Larsen donated over $11.8 million to the PAC supporting Harris's campaign, becoming one of the largest individual donors in this round from the crypto industry.
5. The U.S. Treasury is investigating whether Tether has violated sanctions and anti-money laundering regulations and is considering implementing sanctions against it.

II. Important Data
1. Canada's central bank interest rate decision as of October 23. Previous value: 4.25, forecast value: 3.75, announced value: 3.75 (bullish)
2. U.S. initial claims for unemployment benefits for the week ending October 19 (in ten thousand) previous value: 24.2, forecast value: 24.2, announced value: 22.7 (bullish)
3. U.S. October Canadian University Consumer Confidence Index final value. Previous value: 68.9, forecast value: 69, announced value: 70.5 (bullish)

III. BTC, ETH (ETF) Net Inflow/Outflow Data Statistics
Last week, BTC (ETF) net inflow was $998.1 million.
Last week, ETH (ETF) net outflow was $24.6 million.

This Week's Focus
1. On October 30 at 20:15, the U.S. will announce the October ADP employment figures.
2. On October 31 at 20:30, the U.S. will announce initial claims for unemployment benefits for the week ending October 26.
3. On October 31 at 20:30, the U.S. will announce the year-on-year core PCE price index for September.
4. On November 1 at 20:30, the U.S. will announce the October unemployment rate.
5. On November 1 at 20:30, the U.S. will announce the seasonally adjusted non-farm payroll figures for October.

Potential risks on the market:

1. Grayscale selling pressure. Ethereum fell 8% in the morning, mainly because of Grayscale's $1 billion selling pressure, which also brought down the market! Although the ETF has a net inflow of $100 million, it is obviously a drop in the bucket for Grayscale's $1 billion selling pressure!

2. Mentougou selling pressure. Bitcoin and Ethereum have been distributed to trading locks one after another. It is expected to sell $9 billion. There are still 80,000 positions!

3. Bitcoin conference. The phenomenon of falling at every conference in history has once again caused concerns, mainly driven by emotions. In addition, US stocks have been falling continuously!
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