1. The annual rate of core CPI in the United States in November was 3.3%
The annual rate of core CPI in the United States in November was 3.3%, which was expected to be 3.3% and the previous value was 3.3%. The annual rate of core CPI in the United States in November was 2.7%, which was expected to be 2.7% and the previous value was 2.6%. The inflation rate in the United States rose to 2.7% in November, higher than the level of 2.6% in October. It is generally expected that the Federal Reserve will cut interest rates by 25 basis points for the third consecutive time next week.
2. Microsoft shareholders vote against Bitcoin investment proposal
The vote against the deal was expected despite attempts by MicroStrategy executive chairman Michael Saylor to convince Microsoft shareholders to change their minds. From the outset, Microsoft's board had been skeptical of Bitcoin because of the asset's inherent volatility. The board said the company prioritized stable and predictable investments to minimize risk.
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3. Trump is highly focused on Bitcoin prices: The goal is to push Bitcoin to $150,000 in the early stages of his presidency.
Sources reveal that Trump is highly focused on Bitcoin prices, aiming to push Bitcoin to $150,000 in the early stages of his presidency, seeing it as another stock market. Additionally, according to (60 Minutes), cryptocurrency companies contributed one-third of the super PAC donations in this election, with industry-supported candidates having an 85% win rate.
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4. Hong Kong: Crypto assets are not target assets for the foreign exchange fund's investments.
Hong Kong legislator Wu Jiezhuang questioned whether the inclusion of digital assets and cryptocurrencies in fiscal reserves would be considered, and whether the foreign exchange fund would continue to purchase and hold them long-term. Hong Kong's Acting Secretary for Financial Services and the Treasury, Chen Haolian, responded that the foreign exchange fund invests in a globally diversified range of asset classes and markets to mitigate risks and enhance long-term returns, stating that crypto assets are not target assets for the foreign exchange fund's investments. The Monetary Authority's external investment managers also invest in a globally diversified range of asset classes and markets; while there may be individual investments involving crypto assets in the operations of external managers at different times, their relevant proportion is very small.
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5. Eric Trump: Predicts Bitcoin prices will reach $1 million in the future.
Eric Trump, son of former U.S. President Donald Trump and Executive Vice President of the Trump Organization, delivered a keynote speech at the Bitcoin MENA event in Abu Dhabi, stating that Bitcoin will become a "financial paradigm," predicting that its price will reach $1 million in the future. Eric Trump emphasized that Bitcoin is not just an investment tool but a "global asset" with value in combating inflation, political instability, and natural disasters. He believes the capped supply of 21 million Bitcoins is one of its most important characteristics and noted that "early adopters will be the ultimate winners." He also called on governments and banks to adapt to the digital revolution of Bitcoin, stating that the Trump family fully supports the development of Bitcoin.
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6. Ray Dalio: Shifting towards gold and Bitcoin investment amid high debt risks.
Ray Dalio, founder of Bridgewater Associates, stated at the Abu Dhabi Financial Conference that due to high debt levels and potential debt crises facing major global economies, he will invest in "hard currencies" such as gold and Bitcoin, avoiding debt assets. He believes a debt crisis may arise in the coming years, leading to currency devaluation. He emphasized that investments should focus on global trends and maintain diversification to manage risks.
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