2023-11-29, Wednesday, Daily News (Selected)
【Policy News】
1. The probability of the Federal Reserve not raising interest rates in December is 94.7% (next decision time: December 14, 2:00 a.m.)
2. Director of the Monetary Authority of Singapore: Bitcoin has no underlying assets and cannot be used for cross-border payments
3. Ukrainian lawmakers will debate two cryptocurrency tax bills as Kiev looks to raise funds from cryptocurrency traders.
4. Liu Xingjuan, member of the Administrative Committee of the Monetary Authority of Macao: Macao has launched regulatory requirements for innovative financial technology pilot projects
【Macro News】
1. Tonight at 21:30, the revised annualized quarterly rate of real GDP in the third quarter of the United States will be released. The next day at 02:45, the Fed’s Mester will deliver a keynote speech. The next day at 03:00, the Fed will release the Beige Book on economic conditions.
2. Pinduoduo's U.S. stock market value has narrowed to about US$10 billion compared with Alibaba. The former's Q3 performance exceeded expectations, with revenue increasing by more than 90% year-on-year.
3. Fed-Waller: If inflation continues to fall, there may be a reason to cut interest rates in a few months, and this has nothing to do with economic pressure. Bowman: If progress in fighting inflation stagnates, support further interest rate hikes. Discount rate meeting minutes: All regional Feds voted to keep the discount rate unchanged in October and November.
4. Source: OPEC+ negotiations are progressing with difficulty and the meeting may be further delayed. The continuation of the current policy is one of the potential possibilities.
【Coin Circle News】
1. DefiLlama: The total loss caused by hacker attacks in November was nearly 330 million US dollars, the highest in the year
2. ARK sold another $5.3 million worth of Coinbase shares (On November 24, ARKW sold another 94,624 shares of GBTC after selling nearly 700,000 shares of GBTC, making a profit of about $3 million.)
3. KyberSwap attackers will release a settlement statement on November 30 (KyberSwap was hacked and $47 million was stolen last week)
4. Genesis and DCG reached a $200 million repayment agreement, ending a lawsuit worth about $620 million
5. People familiar with the matter: Coinbase is working with the CFTC to determine the scope of transaction data sharing (previously, Binance settled with the U.S. Department of Justice to provide 5 years of data sharing and call rights)
6. Franklin Templeton updates its spot Bitcoin ETF prospectus to the SEC, and the SEC solicits public feedback on Franklin Templeton and Hashdex spot Bitcoin ETFs
7. A US judge approved a $1.65 billion settlement agreement between cryptocurrency lending company Voyager Digital and the FTC (Federal Trade Commission)
8. Charlie Munger died at the age of 99. During his lifetime, Munger had made many critical remarks about cryptocurrencies and Bitcoin.
Greed and Fear Index: 72 (mildly greedy)
Nine Gods Index (Ahr999): 0.76 (fixed investment period)
