1. The support rate of black people in Georgia for Trump has surged. In addition, the latest forecast is that Trump's winning rate is 59%, while Harris's is 40%, with 17 days left before the election (Figure 1)
2. On Friday, under the command of the Northern Command, Air Force aircraft eliminated the deputy commander of Hezbollah in Bint Jubail, who promoted and supervised terrorist operations against Israeli citizens in Bint Jubail.
3. Ukraine hits Russian defense suppliers and attacked the Bryansk Kremny Electronics Factory overnight. The factory is about 100 kilometers away from the border. It is the second largest microelectronics producer in #Russia. 90% of the parts for military products, such as missiles and drones, are manufactured here.
4. North Korea found drone debris near the capital, claiming to have found at least one drone wreckage sent from#SouthKorea and saying it was the same model displayed during South Korea's Armed Forces Day in Seoul earlier this month
North Korea Warning:
If South Korean troops violate its territory again,#NorthKorea will immediately launch a retaliatory attack, and the North Korean military has ordered troops stationed in Pyongyang and near the border to strengthen air defense observation posts
5. The Qing dynasty’s gold reserves reached a record high of about 2,300 tons, accounting for almost 5% of China’s total foreign exchange reserves. Gold reserves increased sixfold in this century. The strong buying of the Qing central bank was the main driving force behind the gold price. However, global gold prices continued to hit record highs (Figure 2)
6. The scale of the Qing Dynasty's debt is absolutely shocking. In the first quarter of 2024, the debt-to-GDP ratio reached 366%, setting a new record. In other words, for every unit of GDP, the Chinese economy has 3.66 units of debt burden, so there is a huge debt problem.
In terms of industry, non-financial enterprises accounted for the highest proportion of 171%, followed by the government at 86%. Household and financial entity debt accounted for 64% and 45% of GDP respectively.
To give some perspective, increasing debt to artificially create GDP growth, a burden that must be borne by future generations, is not a healthy trend, and sovereign states that run their own currencies are free to create more debt because they can print more money (Figure 3)
7. Since October 2023, the North Korean currency has depreciated significantly, and there seems to be a serious collapse of confidence in the country. Kim Jong-un's reform and non-opening policy does not seem to be able to go far.
The currency reform in North Korea on December 1, 2009, triggered anger and resistance from the North Korean people, and also caused market price chaos. The specific content is: North Korea raised the currency value on December 1, 2009, the original currency was discontinued, and the new and old currencies were exchanged at a ratio of 1 to 100. The maximum exchange limit per person is 100,000 old North Korean won. Here we have to say that Bitcoin is hard deflation $BTC
8. Is it possible that as liquidity is released and expanded and retail investors become more enthusiastic, the price of #BTC☀️ will rise? (Figure 4)
9. Speaking of ETFs, Ethereum #ETH🔥🔥🔥🔥 saw a daily net inflow increase of approximately $1.91 million, with a total transaction value of $139.46 million, while Bitcoin EFT saw a daily net inflow increase of approximately $270 million, with a total transaction value of $2.23 billion.
10. Let’s talk about memes#MEMEMost of the top meme coins have fallen much less than altcoins. Meme tokens may be the strongest performers in cryptocurrencies.
11. Talking about $XRP, due to the drama in the regulatory space#XRPwill likely range between $0.50 and $0.80 this year as US regulators put pressure on implementing more
12. From the Bitcoin heat liquidation chart, there are a lot of long orders waiting to be liquidated, so the short-term focus can be on the 68-67K position. Warm reminder, contracts are risky and leverage needs to be used with caution
