What will the FED say this time? Hopefully, they will cut the interest rates.

#EconomicUpdate #FinancialNews #FederalReserve #InterestRates #EconomyWatch

$BTC $USDC

🚨 ECB Official Hints October Rate Cut Unlikely! 🚨

According to recent reports, Robert Holzmann, a member of the ECB Governing Council, has hinted that October might not be the right moment for another interest rate cut. He pointed out that a rate around 2.5% could be close to the neutral level, suggesting no immediate changes on the horizon. 📉

As the global financial markets react to every move from the European Central Bank, this news might keep interest rate cuts on hold for the time being.

Stay tuned as we monitor the impact on the broader financial landscape! 💼

#ECB #InterestRates #FinancialNews #Binance #LowestCPI2021

💰 Gopax's GoFi Deposit Update! 🏦💼 Gopax, a local crypto exchange, takes action. News 1 reports Gopax's announcement: it's paying an additional 37.31% of unpaid 'GoFi' deposit amount and accumulated interest. The move is a result of consultation with shareholders. The cumulative interest corresponds to amounts up to the previous day. Payments commenced at 3:00 p.m. on the same day, totaling an estimated 20 billion won. Earlier, the unpaid GoFi-related sum stood at about 70 billion won. The first payment covered 25%, and now 38% of the remaining 52.5 billion won will be settled. 💸📈 #GopaxGoFiUpdate #CryptoDeposits #FinancialNews

📚 **Virtu Financial Denies Michael Lewis's Claims** 🚫
📖 Michael Lewis's book "On Going Infinite" claimed Virtu Financial lost $10 million in the FTX collapse.
🗣️ However, a Virtu spokesperson refuted these claims, stating there were no losses attributed to FTX.
#VirtuFinancial #FTX #MichaelLewis #FinancialNews #Denial

🚀 EXCITING NEWS: Spot Bitcoin ETF Buzz in Hong Kong! 🌐

Amid the recent green light for spot Bitcoin exchange-traded funds (ETFs) in the U.S. and the guidance from Hong Kong's Securities and Futures Commission (SFC) last December, speculation is rife about the potential launch of a spot $BTC ETF in Hong Kong this year. Enter Venture Smart Financial Holdings Ltd. (VSFG), leading the charge by submitting the first application for a spot Bitcoin ETF to the SFC.

💥 China's Financial Powerhouse Takes Charge
VSFG declared its intent to seek SFC approval for a spot Bitcoin ETF launch this quarter. Notably, other players like Samsung Asset Management are also exploring this avenue. Tencent News reports that Harvest Fund Management kickstarted the action, submitting the inaugural spot Bitcoin ETF application to the SFC on January 26, awaiting approval post the Lunar New Year.
📈 Accelerated Licensing Process in Hong Kong
Following the U.S. Securities and Exchange Commission's (SEC) nod for spot crypto products, Hong Kong's SFC aims to fast-track the licensing process for the first ETF. The plan is to list it on the Hong Kong Stock Exchange post the Spring Festival, potentially aligning with the SEC's approach of approving multiple applications simultaneously.
🌐 Spot ETFs in Hong Kong vs. U.S.: A Comparative Lens
Insiders suggest that despite potential simultaneous approvals, Hong Kong's spot ETFs might mirror U.S. counterparts in performance. However, some Hong Kong family office investment managers foresee a disparity in subscription scale compared to the U.S., driven by keen interest and a more straightforward investment landscape.
🤔 Direct Bitcoin Subscriptions and Unique Features
Differing from their U.S. counterparts, Hong Kong's spot ETFs might offer increased potential for direct Bitcoin subscriptions, coupled with the flexibility of legal currency subscriptions.
🔍 The Road Ahead
While various firms express interest and plans for Spot Bitcoin ETFs, formal applications are pending.

#TradeNTell #Write2Earn #BitcoinETF #HongKongCrypto #FinancialNews

🏦 Dave, the American internet-only bank, plans to acquire $100 million worth of FTX convertible bonds for $71 million, pending court approval on January 25. Dave sees this as an attractive opportunity. 💼💰 #FinancialNews 📈🏛️

📉 U.S. Department of Labor reports Producer Price Index (PPI) for October 2023 at -0.5% compared to the previous month (up 0.5% in September), below market expectations. 📉📊 #USPPI #EconomicIndicators #FinancialNews 🌐

**Just In: 🔔**
In response to claims made in Michael Lewis's book "On Going Infinite," market maker Virtu Financial has denied any losses amounting to $10 million due to the FTX collapse. A Virtu spokesperson, as reported by The Block, stated that there were no losses attributed to FTX.
#VirtuFinancial #FTX #MichaelLewis #MarketMakers #FinancialNews

🌐 B2C2 Expands EU Reach! 🏦💼 London's B2C2, purchased by Japan's SBI in 2020, expands its EU operations with the acquisition of French market maker Woorton. Thanks to Woorton's PSAN (Financial Services Provider) license, B2C2 can now offer its services to EU institutions. While the acquisition amount remains undisclosed, the move is geared to boost cryptocurrency market liquidity by integrating B2C2's client base and over-the-counter (OTC) services. 🚀🌍 #B2C2Expansion #CryptoMarketLiquidity #FinancialNews

BlackRock’s bitcoin ETF now holds more bitcoins than MicroStrategy, becoming the largest corporate holder 🏆

With assets over 195,000 bitcoins, BlackRock’s IBIT is valued at $13.5 billion, leading ahead of Fidelity’s FBTC with $8.6 billion . The total value of assets in bitcoin-focused investment funds, including ETFs, exceeds $67 billion, accounting for more than 5% of all bitcoins in circulation, with the U.S. leading in bitcoin ETF investments 🚀
#BlackRock #MicroStrategy #BitcoinETF #CryptoInvesting #MarketLeaders #FinancialNews

JUST IN: #Bitcoin is up 144% this year 🚀

Meanwhile, gold is only up 14% 😂

There is no second best.

#BuyTheNumbers powered by Hive Digital Technologies LTD

#BTC #gold #SoundMoney #investing #markets #FinancialNews

📰 $Latest News: BlackRock Files for Bitcoin ETFs in Global Allocation Fund

🌐 BlackRock has filed with the SEC to acquire more Bitcoin ETFs for its Global Allocation Fund, indicating a growing trend among Wall Street firms.

📈 The filing states, "The Fund may acquire shares in Bitcoin ETPs, including those sponsored by BlackRock affiliates, listed on national securities exchanges."

💼 BlackRock's current Spot BTC ETF stands out as the best-performing in the market, contributing to the surge in interest for Bitcoin ETFs.

🚀 Record-breaking week for Bitcoin ETFs last week, with daily records shattered. Bitcoin maintains strong performance, hovering around $68,000 this week.

🔗 Stay tuned for more updates on cryptocurrency trends and institutional investments.

#Bitcoin #ETF #BlackRock #Cryptocurrency #FinancialNews

Source: CryptoSlate

🚀 Binance Coin ($BNB ) on the Rise! 🚀

📈 $BNB /USD just surged +1.84% to $613.5 on Binance! 💥

**Key Insights:**
- **Resistance Level:** $625.1 🏔️
- **Support Level:** $603.1 🛡️

After a period of consolidation, BNB is showing strong bullish momentum! 📊

Don't miss out on this exciting opportunity! Join the action now! 🌟

#MarketRally #CryptoTrading #FinancialNews #Write2Earn!

😱🫨 **Market Shocker: The Real Reason Behind Bitcoin and Altcoin Declines!** 🫨😱

**Bitcoin’s Sharp Decline: What Happened?**

While Bitcoin seemed stable, a sharp decline in the evening hours dragged its price down to $68,000. What’s behind this sudden drop?

**Market Movements:**

- **Bounce Back:** Bitcoin rebounded to touch $72,000 earlier today.
- **Sharp Decline:** At 15:30 UTC, the price fell sharply to $68,400.

**Why is Bitcoin Falling?**

1. **US Employment Data:**
- **Unexpected Increase:** Agricultural employment data showed a rise of 272,000 jobs in May, far exceeding the expected 182,000.
- **Impact on Fed Policies:** The strong employment data diminished hopes for a Fed rate cut in July, strengthening the dollar. Markets now predict a 45% chance of a rate cut in September, down from 56% before the data release.

2. **Roaring Kitty’s Livestream:**
- **GameStop Phenomenon:** During a YouTube live broadcast watched by over 600,000 people, Roaring Kitty made no sensational announcements as expected.
- **Market Reaction:** GameStop shares plummeted over 40%, causing the meme coin with the same name to drop more than 50%. This led to double-digit losses in many meme coins.

3. **Leveraged Position Losses:**
- **Widespread Liquidations:** Bitcoin’s decline triggered losses in leveraged positions, totaling $400 million.
- **User Impact:** Nearly 150,000 users faced losses in derivatives, according to Coinglass.

#CryptoNews🚀🔥 #Marketupdate #altcoins #InvestingRevolution #FinancialNews

Stay informed and trade wisely! 📉🚀

🚨 U.S PCE Price Index (YoY) April 2024 data is out! 📊

📈 The PCE Price Index YoY hit 2.7%, matching expectations. 🎉
💹 Core PCE Price Index YoY remained steady at 2.8%, as estimated. 🔍

📉 Core PCE Price Index MoM came in at 0.2%, slightly below the expected 0.3%. 🔍

🔍 This data gives us insights into inflation trends and could influence economic decisions. 💡

📣 Bullish for risky assets like cryptos right ?🗣️

#PCEPriceIndex #EconomicData #Inflation #FinancialNews

$BTC $USDC

BREAKING: 🚨 FOMC Minutes Spark Bitcoin Rally!

Bitcoin surges above $61,000 as FOMC meeting minutes hint at September rate cuts!

Key Takeaways:

- 67.5% chance of 25 basis point cut
- 32.5% chance of 50 basis point cut
- Bitcoin perpetual futures funding rate turns positive
- Price touches $62k, settles around $61k
- Investor interest grows, bullish sentiment builds

Market Analysis:

- Bitcoin breaks out of narrow range ($59,900 - $61,000)
- Uncertainties fade, optimism rises
- Q4 looks promising, get ready for liftoff!

Stay ahead of the curve, stay informed!

#bitcoin☀️ #InvestorSentiment #marketanalysis #FinancialNews #Investing"

China Evergrande, one of the real estate giants, with debts exceeding $300 billion, has been ordered to liquidate. This development marks a significant event in the financial landscape, raising concerns about the broader implications for the real estate sector and the economy. 🏠💰 #ChinaEvergrande #FinancialNews

What is the use of $XRP :

Built for Real-World Payments 🚀

Forget the hype, XRP is all about practical solutions! It's designed to revolutionize how we send money, not just generate fancy numbers.With its lightning-fast transactions, low fees, and advanced features like built-in DEXs and cross-border payments.

XRP is leading the charge in the payments industry. Don't get caught up in the hype, focus on the fundamentals.

XRP is more than just a coin, it's a financial tool built for the future. 🛠️ #Xrp🔥🔥 #Payments #Blockchain #cryptocurrency #FinancialNews

BlackRock, VanEck, and Franklin Templeton compete to promote Bitcoin ETFs on Google Ads

BlackRock, VanEck, and Franklin Templeton have stepped into the spotlight with ads for their spot Bitcoin ETFs on Google! 🌟 This comes after Google's policy shift, now allowing Crypto Coin Trust product ads in the US.

📈 The move is seen as a game-changer, creating a broader space for ETF providers to connect with a diverse audience. Could this be the catalyst for mainstream adoption, bridging the gap between traditional finance and crypto?

🤔 Not without concerns!
highlights the need for caution, foreseeing potential misuse. Stay vigilant, folks! 💡 Install ad blockers for an extra layer of protection against scammers trying to slip through Google's screening.

#BitcoinETF #CryptoNews #FinancialNews #AdoptionJourney 🚀💰 #TradeNTell.

📉 Federal Reserve Posts Record Loss of $114 Billion in 2023
Key Insights:

🏦 Record Loss: The Federal Reserve reported a historic loss of $114 billion in 2023.📊

Details:U.S. Treasury Remittances: Significantly reduced

Transfer of Capital Surplus: Lower than previous years.

Costs of Operations: Exceeded earnings by a substantial margin, leading to the loss.

Implications:

This unprecedented loss raises concerns about the Federal Reserve's financial health and its implications for monetary policy and the broader economy.Investors and policymakers will be closely monitoring the Fed's strategies to manage and mitigate such losses in the future.

Stay informed on financial developments and consider the potential impacts on the market and economy.

#FederalReserve #EconomicUpdate #FinancialNews #Investing #MonetaryPolicy