Two major events that can affect the currency market, one good and one bad

The good thing is the $16 billion compensation from FTX. This compensation was previously said to be a cash compensation. There is no doubt that this huge amount of money will form a strong buying force. In addition, yesterday, the representative of FTX creditors also said that it should be paid in kind, which is even more favorable

When FTX collapsed, it was these coins that caused the market to plummet. If it was paid in kind, it means that all creditors automatically bought coins to pull up the market, so this news is definitely a big positive.

The other is that the US Supreme Court refused to hear the case of Silk Road's seizure of Bitcoin ownership. This was interpreted by the market as the government and the seizure of Bitcoin with complete control, which also means that the 69,370 Bitcoins can be sold freely. Although this is not all of the 200,000 Bitcoins in the hands of the US government, it also has a great impact on the market. Remember the performance of the German government and Mentougou's currency prices in the past few months? This also has a certain negative effect.

In the election, under Musk's all-in platform, Trump's chance of winning has reached 53.4%. In an interview, Musk also revealed that the reason why Microsoft and Google support Harris so much is because of the Lolita Island incident. If Trump comes to power, he is likely to announce the details, which is unacceptable to them. Musk also bluntly stated that if Trump loses, he will be finished and the X platform will go bankrupt immediately. So this time Musk is going all in. Of course, Trump does have a greater chance of winning, which is also more beneficial to the currency market.