yamishin psalms

(transformation and renewal in Jesus)

“To convert” means to change direction, it is the act of recognizing the need for God, repenting of sins and surrendering oneself to Jesus. This change involves leaving behind old habits and life patterns that do not please God, in order to follow the teachings of Christ.
My brothers, if any of you should wander from the truth and someone should bring him back, remember this: Whoever turns a sinner from the error of his way will save him from death and cover over a multitude of sins.

The Brazilian Securities and Exchange Commission (CVM) has approved the launch of the world's first exchange-traded fund (ETF) for the cryptocurrency XRP. The ETF is from the Brazilian crypto asset manager Hashdex and will be managed by Genial Investimentos.
The fund's name is Hashdex Nasdaq XRP Index Fund and it is in the pre-operational phase, according to the CVM. This is the phase in which managers and distributors seek investors to build the fund's initial assets.
The digital currency XRP is Ripple's international payments token, and is the third largest cryptocurrency in the world by market value, with a capitalization of US$150.6 billion.

#ETHOedtherise The real was the 7th currency that depreciated the most in 2024 compared to the dollar. The Brazilian exchange rate has accumulated a 20% drop from January to this Friday (November 29, 2024), according to the ranking sent by the Austin Rating agency to Poder360. Brazil did not appear in the top 5, but it is only better than countries with economic problems - such as Ethiopia and Venezuela. The real is as devalued as the Argentine peso, a country where annualized inflation is 193%. The survey considers variations in the so-called ptax, the reference rate for the US dollar in reais calculated by the Central Bank. It is different from the commercial rate, used in transactions (which records a greater devaluation, of 23.7%). DOLLAR BREAKS RECORD The commercial dollar ended this Friday (November 29) at R$6.001, the highest closing level in history. The market is reacting to the fiscal package announced by the economic team of President Luiz Inácio Lula da Silva (PT). The biggest doubt is regarding the expected savings of R$70 billion in 2 years. Financial agents say that the government inflated the projection. It also drew attention to the fact that the government announced an exemption from Income Tax for those who earn up to R$5,000 – a measure that harms revenue collection. It should only come into effect in 2026. Finance Minister Fernando Haddad said that the loss of money will be offset by the increase in taxes charged to people with incomes above R$50,000, but did not provide sufficient details. Haddad said early in the afternoon that there will be “difficult weeks” for the economy due to the rise in the dollar. Despite this, he said he expects relief in the future. “If you explain what you are doing, if you are consistent with your actions, you will re-anchor this”, declared the minister at the Annual Luncheon of Bank Executives, in São Paulo. The dollar had closed very close to R$6 on Thursday (November 28), the day before the record level. It was quoted at R$5.99.Austin Rating's chief economist, Alex Agostini, said that the global trend is for the dollar to rise, especially with Donald Trump's victory in the United States. According to him, a credible fiscal commitment by the government would help to curb its depreciation. "None of this is enough to counter this expansionist fiscal policy, which has been a major concern for the market. Mainly in relation to the sustainability of public debt and not just in relation to meeting the fiscal target," he told Poder360. HADDAD'S PACKAGE Haddad announced a ceiling for the adjustment of the minimum wage. It will be 2.5% above the INPC (National Consumer Price Index) for the 12 months up to November of the previous year. This is the most credible measure in the package. Previously, it was based on the variation in GDP (Gross Domestic Product) for the previous 2 years. The main objective of the package is to balance public accounts and meet fiscal targets. The government wants spending to be equal to revenue in 2025 (a zero deficit is expected). In the following years, the goal is to end up with the accounts in the black. In practice, it is necessary to increase revenue and reduce expenses. Little has been done on the side of the 2nd option, even with Lula 3 almost halfway through. Read more at Poder360

XRP surges 11% on mostly positive day
Investing.com - XRP was trading at $2.1012 as of 4:45 PM (19:45 GMT) on Sunday, according to the Investing.com Index, up 10.56% over the past 24 hours. This is the largest daily gain since November 29. The strong upward movement took the total market capitalization of XRP to $117.5429B, which represents 3.42% of the total market capitalization of the cryptocurrency market. At its all-time high, XRP's market capitalization reached $109.7759B. XRP traded between $1.8514 and $2.1012 over the past 24 hours. The volume of the digital currency traded in the same period was $12.3557B or 8.30% of the total volume of all cryptocurrencies, at the time of this article's last update. Over the past seven days, XRP has seen a surge in value, rising 48.74%. The digital currency has traded between $1.2853 and $2.1012 during this period. At its current price, XRP is still down 36.13% from its all-time high of $3.29 set on January 4, 2018. Other digital currencies Bitcoin was trading at $97,044.1 according to the Investing.com Index, up 0.01% on the day. Ethereum was trading at $3,699.74 according to the Investing.com Index, up 0.26%. Bitcoin's market cap totaled $1,922.6798B, or 55.88% of the total crypto market, while Ethereum had a market cap of $446.2136B, or 12.97% of the total invested in digital currencies.

By Paula Arend Laier
SAO PAULO (Reuters) - The Ibovespa index was weak on Friday, still affected by concerns about the fiscal scenario after financial agents were disappointed with fiscal measures announced by the federal government this week.
So far this week, the Ibovespa has accumulated a drop of 3.58%, which if confirmed will be the biggest weekly percentage loss since December 2022. In the month, the drop totaled 4.02%.
At around 11:50 am, the Ibovespa was down 0.09%, at 124,502.39 points, with the 2% rise in Vale shares offering a relevant counterweight, amid the announcement of interest on equity (JCP) and the rise in iron ore prices abroad.

#aapl Investing.com – Apple (NASDAQ:AAPL) is gearing up for a pivotal holiday season as it looks to build on the momentum of its flagship iPhone 16 and the launch of its Apple Intelligence platform, Wedbush analyst Dan Ives noted.

“Black Friday officially marks the start of an important holiday season for Apple,” said Ives, noting that the iPhone 16 represents the beginning of a transformative period for the technology giant.

#usdt Bitcoin's support at $92,400 keeps the asset in consolidation, opening space for a potential resumption towards the psychological milestone of $100,000.
Falling exchange reserves and positive blockchain trends reinforce sustained investor interest, while institutional profit-taking could prolong the current phase, creating opportunities in altcoins.
DISCOUNT RELEASED: Take advantage of special Black Friday prices to use InvestingPro!
Bitcoin surged an impressive 40% in November, cheering traders amid the so-called “Trump effect.” However, despite the strong gains, the asset lost steam just before the $100,000 mark, ending the month in consolidation mode. Profit-taking near $98,000 slowed the move, raising doubts about Bitcoin’s ability to break through this critical resistance.

Investors at B3 begin the week – the last of November – expecting the announcement of the spending cuts package, which could be announced by tomorrow. On Monday, the 25th, President Luiz Inácio Lula da Silva will receive the draft of the fiscal plan in a meeting with Finance Minister Fernando Haddad, and will meet with 12 ministers in the afternoon.

Therefore, the rise in stock indexes abroad is not enough to excite the Ibovespa, which will have to release a series of data that could affect asset prices, such as employment data and the IPCA-15, in addition to the US inflation index (PCE, for October).

Investors continued to follow the fiscal saga that has been going on for five weeks. In the afternoon, the Minister of Institutional Relations, Alexandre Padilha, said that President Luiz Inácio Lula da Silva (PT) and the Minister of Finance, Fernando Haddad, are doing “appropriate pruning of a tree that is growing”, in a reference to a fiscal package of spending cuts.
Padilha also stated that he believes the government will have the support of the National Congress for the measure, and that the Legislative Branch will remain committed to the Executive Branch's economic agenda. The announcement of the measures is expected to take place next Tuesday, according to Haddad. He will have a final meeting with President Luiz Inácio Lula da Silva (PT) on Monday to finalize details about the text.

The Bovespa index closed up 1.74% at 129,125 points. The volume was R$21.9 billion, below the average for 50 trading sessions. In weekly terms, the Ibovespa advanced 1.04%, in a week marked by agents' anxious wait for a package of government spending containment measures now expected for Tuesday.

The vertices of the interest rate curve closed up 7.0 basis points higher, in a session of mixed performance for Treasury yields, amid strong economic activity data from the United States. The spot dollar closed up 0.04%, at R$5.8143. The DXY Dollar Index, which measures the performance of the dollar against other currencies, was trading up 0.44% at 107.5 points in the late afternoon. The US currency strengthened during the week, amid an escalation of the conflict in Europe, trading at its highest level since November 2022 – and registering its eighth consecutive weekly advance.

$BTC - President-elect Donald Trump may have campaigned hard on high inflation, but by the time he won the election on November 5, financial professionals had shifted from rising prices to worrying about rising U.S. debt, a potential recession and risks to global trade as some of the top threats to financial stability, according to a new Federal Reserve survey released on Friday. "Concerns about the sustainability of U.S. fiscal debt were the most frequently cited risk. They noted that rising Treasury issuance could begin to crowd out private investment or constrain monetary policy responses in the event of an economic slowdown," the survey from the U.S. central bank said, while a weakening economy and the possibility of a global trade war rose on the list of concerns. Those concerns have also been reflected in recent bond market behavior, with 10-year Treasury yields, for example, rising sharply in the past two months despite the Fed cutting its benchmark lending rate twice by a total of 75 basis points. In addition, an estimate of the Treasury term premium—a measure of the compensation investors demand for holding longer-term Treasuries rather than shorter-term ones—was near the top of its range since 2010. In addition, measures of interest-rate volatility were above historical norms, in part due to “high uncertainty about the economic outlook and the associated path of monetary policy, as well as heightened sensitivity to news about output growth, inflation and the supply of Treasuries.” Meanwhile, a potential weakening of the economy and the possibility of a global trade war rose on the list of concerns.“Risks to global trade were specifically cited in this survey, with some respondents noting the possibility that tariff barriers could lead to retaliatory protectionist policies that would negatively affect global trade flows and put renewed upward pressure on inflation,” the survey said. “Others noted that a deterioration in global trade could depress economic activity and increase the risk of a slowdown.” “Persistent inflation,” coupled with the Fed’s tight monetary policy, was cited as the top risk in an earlier survey published in the spring, but it fell to sixth place, along with global trade, in the current survey. The survey, published as part of the Fed’s semiannual Financial Stability Report, was conducted among two dozen financial sector participants and observers from August through October. While it preceded Trump’s election victory, the survey highlights issues that are likely to be central to upcoming debates over taxes, tariffs and other economic issues. Some economists say Trump's planned combination of tax cuts and import tariffs could fuel inflation and already large federal deficits at a time when bond markets have kept Treasury yields elevated.