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🇨🇳 Chinese Consumer Inflation Rises While Producer Prices Drop
🔸 CPI increased by 0.7%, the highest in nearly 2 years.
🔸 PPI decreased by 2.2%, indicating businesses are still facing difficulties.
🔸 These two indices measure different things, so they can move in opposite directions.
• CPI measures the prices consumers pay.
• PPI measures the prices received by manufacturers.
🔸 Food and service prices are rising due to stimulus measures.
🔸 Conversely, factories are forced to lower prices due to competition and trade pressures.
For example: Flour suppliers are struggling, faci
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$PI is about to be delisted from the Gate exchange
PI-2.12%
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Fragmentvip:
It really has to be delisted.
ECONOMIC EVENTS CALENDAR FOR NEXT WEEK (BY US DATE)
The focus of this week will be the interest rate decision and the press conference with the FED Chair
🗓️ TUESDAY, DECEMBER 9
- US Job Openings Report: forecast 7.2 million | expectation also 7.2 million
🗓️ WEDNESDAY, DECEMBER 10
- FED interest rate announcement at 11:00 AM California time / 2:00 AM Vietnam time on Thursday, December 11 (expected to decrease by 0.25%)
- Press conference with Chair Powell follows about 30 minutes later
🗓️ THURSDAY, DECEMBER 11
- US Initial Jobless Claims forecast 220,000, previous figure was 191,000
🗓️ FRID
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There is still a lot of concern and misinformation about MicroStrategy and whether they will have to sell any of the ~650,000 BTC they are holding.
Here is the current situation:
MSCI is a company that constructs stock indices. They decide which stocks are included in an index, and many investors buy index funds because it provides broad market access and low fees. This also means that if a stock like MicroStrategy is removed from an index, funds tracking the index will be forced to sell that stock.
Because companies like MicroStrategy primarily buy and hold Bitcoin, MSCI believes their busine
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There are many people who often try to bait me#JoinGrowthPointsDrawToWiniPhone17 #SharingMy100xToken $BTC $ETH into debates like whether gold is better, stocks are better, or Bitcoin is better. Then come the familiar questions like “What if the power goes out?” or “If the whole world loses internet, which would you choose?”
These questions may sound serious, but in reality, they come from a perspective with an extremely low probability. It’s like asking, “What if aliens land on Earth?” or “What if a meteor hits the planet?” Such assumptions stir up emotions more than they reflect a realistic
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Ledger has just warned that the MediaTek Dimensity 7300 chip, used in many smartphones—including the Solana Seeker—has a critical vulnerability that cannot be patched.
Ledger attempted to attack the chip using electromagnetic pulses (EMF) during device startup and was able to:
- Gain full control of the phone.
- Bypass all layers of protection.
- Extract the private key if the user stored a crypto wallet on the device.
The flaw is inside the chip’s silicon design and cannot be fixed with software.
The chip manufacturer stated that this chip is intended for mainstream consumer products, not fin
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$PI down to 0.19
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$PI let's reduce it to 0.15 right away.
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Bank of America is the latest major name to issue a BTC allocation recommendation.
🔸 Bank of America (BOA)—the second largest bank in the US—has recommended wealthy clients allocate 1%–4% to crypto, targeting those who can tolerate high volatility.
🔸 Starting January 5, BOA has allowed clients access to four Bitcoin ETFs:
• Bitwise Bitcoin ETF (BITB)
• Fidelity Wise Origin Bitcoin Fund (FBTC)
• Grayscale Bitcoin Mini Trust (BTC)
• BlackRock iShares Bitcoin Trust (IBIT)
🔸 Previously, BOA’s financial advisors were not permitted to directly suggest crypto products—now the recommendatio
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🇯🇵 JAPAN'S 2-YEAR INTEREST RATE RISES TO 1% ⚠️
🔸 The 2-year yield rising to 1% signals that borrowing in yen is no longer free after decades of zero interest rates.
🔸 The market believes that the BOJ may keep interest rates positive, but Japan's economy is still weak, so it is difficult to tighten too much.
🔸 If the global economy slows down or is at risk of deflation, Japan will quickly loosen because they are very afraid of deflation.
🔸 The BOJ will not repeat the old mistakes such as yield curve control or negative interest rates but will adjust more flexibly.
🔸 Higher inter
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MICROSTRATEGY FOR THE FIRST TIME ACKNOWLEDGES IT MAY SELL BTC IN AN EMERGENCY SITUATION
🔸 MicroStrategy CEO Phong Le confirmed that they may sell a portion of the 649,870 BTC if faced with an extremely tight financial situation in order to protect shareholders.
🔸 This is in stark contrast to the "never sell" philosophy of Chairman Michael Saylor and shows that previous skepticism about this statement is well-founded.
🔸 CEO Phong Le stated that they will only sell BTC when two conditions occur.
➤ The market value of MicroStrategy is lower than the value of the BTC they are holding (mNAV belo
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IS TETHER HAVING PROBLEMS?
Arthur Hayes ( former CEO of BitMEX) believes that Tether is too risky because they hold about 22.8 billion USD in Bitcoin and gold.
Hayes's argument is as follows:
- Tether's assets: 181.2 billion USD
- Liabilities: 174.4 billion USD (is the total USDT in circulation)
- Excess reserve: 6.78 billion USD
On paper, this is a safe level because Tether has more assets than the amount of USDT that needs to be backed. Tether makes a lot of money from high interest rates by holding U.S. government bonds. However, when expectations of interest rate decreases in the f
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ECONOMIC EVENT SCHEDULE NEXT WEEK (ACCORDING TO US TIME)
The focus of this week will be the ADP jobs report and PCE inflation ahead of the next FED interest rate meeting on December 10.
🗓️ MONDAY, DECEMBER 1
- FED Chairman Jerome Powell speaks
🗓️ TUESDAY, DECEMBER 2
- FED Vice Chair for Supervision Michelle Bowman testifies
🗓️ WEDNESDAY, DECEMBER 3
- ADP employment report of the US
🗓️ THURSDAY, DECEMBER 4
- The number of weekly unemployment benefit applications in the US
- FED Vice Chair Michelle Bowman spoke
🗓️ FRIDAY, DECEMBER 5
- The PCE and Core PCE inflation index of the US (data for
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COMMODITY FUTURES TRADING COMMISSION (CFTC) INVITE CEO TO APPLY FOR THE CRYPTO INNOVATION BOARD
🔸 Chair of the Commodity Futures Trading Commission, Caroline Pham, calls for nominations for the CEO of the "CFTC CEO Innovation Council" with a deadline for submissions on December 8.
🔸 Under the leadership of Ms. Pham, the Commodity Futures Trading Commission has promoted innovations in market structure and crypto, such as Crypto CEO Forum prediction markets, perpetual contracts trading 24/7, spot crypto trading, tokenized collateral, stablecoins, and blockchain infrastructure.
🔸 Ms. Pham stat
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S&P DOWNGRADE STABLE TETHER USDT
🔸 S&P downgraded the stable rating of ( maintaining the peg) of the stablecoin USDT to the weakest level as Tether is holding too many risky assets like bitcoin and gold.
🔸 Bitcoin currently accounts for about 5.6% of USDT reserves, higher than the collateral portion of 3.9%, so if the price of Bitcoin drops significantly, USDT may not have enough assets to back it.
🔸 Besides bitcoin, USDT also holds gold, corporate bonds, and risky loans, but lacks detailed reporting, raising concerns among analysts.
🔸 Tether opposes the assessment of S&P and argues th
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After the ban in 2021, Bitcoin mining activities in China unexpectedly bounced back strongly. According to Hashrate Index, China has returned to the 3rd position in the world, accounting for about 14-20% of the total hashrate.
Sales of mining machines in China have also surged, indicating that mining activities are recovering. Although the government has not lifted the ban, the attitude towards crypto is becoming softer, as evidenced by Hong Kong having stablecoin legislation and China considering the issuance of a stablecoin linked to the Renminbi.#GateChristmasGiveaway #NonfarmPayrollsBeatEx
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