1. Russia and Belarus have jointly elevated security treaties and nuclear weapons to a new level.
2. Current situation in the US:
The stock market is at an all-time high, housing prices are also at an all-time high, Bitcoin is at an all-time high, US Treasury bonds are at an all-time high, core CPI inflation has been over 3% for 42 consecutive months, and the Federal Reserve may implement another interest rate cut within two weeks.
3. In the third quarter of 2024, the world's total debt officially reached $323 trillion. According to data from the International Institute of Finance #IIF, global debt rose by $12 trillion over the past three quarters, and in just 20 years, global debt has doubled.
The global debt-to #GDP ratio is currently 326%, still above pre-pandemic levels. Debt in emerging markets is nearing a historic high of $105 trillion, accounting for 245% of GDP, and global debt is on the rise (Figure 1).
4. The US economy lost 1.34 million full-time jobs in one year, and compared to last year, the US labor market saw a decrease of 1.34 million full-time jobs in November, marking a continuous decline for 10 months year-on-year, with a month-on-month decrease of 111,000 full-time jobs.
But at least for now, job opportunities have increased, so these data temporarily look optimistic for the risk market.
Previously, Bank of America’s Harnett stated that unless US employment exceeds 275,000 in November, the Federal Reserve may implement easing policies on December 18. This non-farm payroll figure is 227,000, lower than 275,000. So, will Bitcoin return to $100,000?
5. Bloomberg: The largest wealth transfer in US history is expected to occur in the next 25 years, with multiple generations inheriting $10 trillion (Figure 2).
6.43% of retail investors believe that there will be no market crash in the next 6 months, which is the highest recorded proportion. As the market rebounds, this proportion has doubled in just two years, showing that confidence is everywhere (Figure 3).
7. Let's talk about yesterday's Bitcoin $BTC spike.
The reason for Bitcoin’s #BTC☀️ sharp decline is mainly due to the deleveraging in futures, but spot demand remains strong, and the number of open contracts has decreased as prices fall, indicating the liquidation of futures longs. The funding rate is also declining, indicating that the rate of decline in futures prices is faster than that of spot prices (Figure 4).
8. An interesting thing: The #SOL MEME launchpad pump.fun is banned in the UK, while #ETH🔥🔥🔥🔥 $ETH has just exceeded $4000.
9. A friend asked, is it #山寨币 #altcoin season now? Yes, it is currently altcoin season. The altcoin season in 2021 lasted for 88 days; how long will this one last?
10. AI #AI startup Cohere Inc. is collaborating with CoreWeave Inc. to build a billion-dollar data center in Canada with financial assistance from the Trudeau government.
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