📢Pal News Bulletin ——2.18

1. Musk Leads DOGE Audit of SEC

According to an official announcement, Elon Musk's Department of Government Efficiency, DOGE, will audit the U.S. Securities and Exchange Commission (SEC) to investigate potential waste, fraud, and abuse.

2. Federal Reserve Has No Plans for Digital Dollar

Federal Reserve's Harker stated that there are currently no plans to launch a Federal Reserve digital dollar, as it requires Congressional authorization.

3. Federal Reserve's Hawkish Remarks Lead to Capital Outflow

Global crypto investment products experienced a net outflow for the first time in five weeks, with $415 million leaving last week. Research director James Butterfield noted that the Federal Reserve's hawkish remarks and the latest CPI data triggered the capital outflow.

Pal's Note: Following the trend, currently no market still shows a downward trend.

4. Standard Chartered Plans to Issue Hong Kong Dollar Stablecoin

Standard Chartered Bank, Animoca Brands, and Hong Kong Telecom are partnering to issue a Hong Kong dollar-backed stablecoin. This move comes as Hong Kong prepares to pass a legislation regulating stablecoins.

Pal's Note: Long-term positive, short-term just watch.

5. Zhao Changpeng Denies Binance Sale Rumors

Binance founder CZ (Zhao Changpeng) stated on Twitter that the rumors regarding the sale of Binance (CEX) are “nonsense.” He clarified that as a shareholder, Binance is not for sale, and indicated that top investors have always been interested in Binance, and in the future, a small amount of equity investment (a single-digit percentage) may be allowed.

Pal's Note: How could such a gold mine possibly be sold? If it were truly for sale, it would definitely be threatened. The most likely scenario is transferring shares to benefit the West.

And that is quite a bit.