Highlights of Fu Peng's latest HSBC speech (read quickly to prevent deletion)
Northeast Securities chief economist Fu Peng's recent speech at HSBC has attracted widespread attention in the financial circle.
Because the content was so hot, it was reported that he was summoned for questioning.
The original text is very long, with more than 20,000 words. You can search for the original text yourself. The previous and subsequent preparations are deleted here, and only the essence of the original text of more than 3,000 words is listed. The content in brackets at the end of each point is written by me for your reference: Viewpoint 1: The world is becoming right-wing What the leader said is very true, this is a major change unseen in a century (a major change unseen in a century), which basically marks the end of a complete cycle from the Great Depression of 1929 to the period after World War II.
Goodbye SEC, crypto is about to be out of your control!
According to Fox News reports, the Trump administration may hand over a large portion of the $30 trillion cryptocurrency market to the CFTC for management. This situation is actually a huge positive for crypto; Old Wang will detail it for everyone.
The full name of the CFTC (Commodity Futures Trading Commission) is the Commodity Futures Trading Commission, which mainly manages the market for commodity futures, options, and swaps (such as futures contracts, swaps, etc.).
The full name of the SEC (Securities and Exchange Commission) is the Securities and Exchange Commission. It is responsible for regulating the securities market, including stocks, bonds, and crypto assets considered investment contracts (such as ICOs).
The amount of Bitcoin held by major institutions has already reached this level...
As of November 26, 2024, 93 major institutions hold over 2.8 million bitcoins, valued at $260 billion, accounting for 13.4% of the total Bitcoin supply.
At this rate, Bitcoin will be driven up to the sky by these institutions, right? By business classification, the top Bitcoin holdings are ranked as follows:
The top-ranked industry is ETFs, which already hold 5.97% of Bitcoin.
The leading ETFs are all from the United States, so most ETFs were established in 2024. BlackRock alone holds 40% of the entire Bitcoin ETF market share, possessing nearly 500,000 bitcoins, making it the largest buyer of Bitcoin this year.
According to the SEC’s latest annual report, the SEC’s revenue in the 2024 fiscal year that just ended was as high as US$82 billion, a record high!
In fact, the SEC did not handle as many cases this year as last year. It only handled 583 cases this year, 26% lower than last year. However, adhering to the principle of making every effort to save the crypto industry, the SEC's best performance in history this year was mainly due to the support of our crypto industry.
The biggest financier was Do Kwon, the founder of Terra, who contributed US$4.47 billion out of the US$8.2 billion, completing more than half of the sales revenue with just one project. Without Do Kwon as a major financial backer, the SEC's revenue would likely fall to its lowest level in a decade.
The atmosphere in Binance Square is a bit intense For example, after Ethereum was approved in July, I thought Solana was very likely to be the next one approved. This topic is actually quite good for normal discussion, but the comments section is filled with arrogance and prejudice, as if they are forever the only ones who are right. In comparison, Twitter/WeChat public accounts/YouTube don't behave like this.
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Ethereum ETF approved, the next Solana! Will cryptocurrencies be listed on the US stock market in batches?
In the early hours of this morning, the U.S. Securities and Exchange Commission (SEC) just approved the full approval of the Ethereum spot ETF, and it will be officially traded after the U.S. stock market opens tonight Beijing time.
Among the Ethereum spot ETFs approved this time, VanEck and 21Shares are both on the list. Together with the Bitcoin spot ETF approved in January this year, these institutions are already very experienced in applying for ETFs. Also early this morning, investment company 21Shares has submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC) to apply for the launch of an exchange-traded fund (ETF) based on Solana (SOL). This is the second SOL ETF application in two days after VanEck.
SEC Chairman Announces Resignation! Is Solana the Biggest Winner?
According to reports from the BBC, the current SEC chairman announced his resignation and will hand over power with President Biden on January 20. We have previously mentioned that Gensler has been sued by 18 states, predicting that his resignation is imminent: SEC chairman being sued! In the future, not only can tokens be issued without worry, but also tax-free?
Previously, Trump announced that on his "first day" as president, he would have the SEC chairman resign.
It seems that Trump's promises to the crypto world are indeed being fulfilled; other commitments are also provided for your reference:
Seeing today's scene, many friends might think, was CZ's tens of billions in fines paid in vain? After Binance was fined, who got unlucky, and who benefited?
Sun Yucheng bought the world's most expensive banana for 6.2 million dollars
Sun Yucheng announced on Twitter:
I am pleased to announce that I have bought the banana.
!!! @SpaceX @Sothebys I am Sun Yucheng, and I am pleased to announce that I have successfully acquired Maurizio Cattelan's iconic work (Comedian) for 6.2 million dollars. This is not just a piece of art; it represents a cultural phenomenon that connects the worlds of art, memes, and the cryptocurrency community. I believe this work will inspire more thoughts and discussions in the future and will become a part of history. I am honored to be the proud owner of the banana and look forward to it bringing more inspiration and impact to art lovers around the world.
Former CEO of Binance US, Brian Brooks, has already ranked first in the probability of becoming SEC chairman on Polymarket. If it really is him, will $BNB take off?
If this continues, Ethereum is likely to cool down~
Three years ago, you entered Ethereum at over 4000 USD. Then uninstalled the exchange. Diligently working, seriously living. You firmly believe in the future of crypto. I heard someone say that Bitcoin has already surpassed 90,000. I also heard people say that Ethereum has surged wildly. Uncontrollable tears flow as you finally return. Opened the exchange under the watchful eyes of the family. Looking at over three thousand Ethereum, I suddenly feel a bit at a loss.
Why is this the case? Why can't Ethereum become stronger? From the perspective of coin prices, Ethereum, already priced in Bitcoin, is steadily maintaining a downward trend.
Anyway, there are various opinions; so what exactly happened to Ethereum?
Why do you always get gapped when chasing memes? Because you don't know how to read the market.
This original article is by the wizard, leading ACT to surge on Binance spot:
One way to find hot coins is to keep an eye on gmgn's hot list: Step 1: Select 1-hour transaction volume, look at the current real-time hot trading targets:
Step 2: Exclude gaping waist disk, click in, scroll to the holders, see a large number of related mouse warehouse wallets, this kind is brushing transaction volume gaping waist: Step 3: Look at each hot trading target, quickly evaluate the "angle" and current market value, for example: When Musk tweeted about Pnut, that "angle" was worth 100m, and the market value you saw was 10m-30m, at this point you can participate in pvp;
Hahaha, when all the mainstream coins are in a correction. It seems that $SOL is the only one that stands out
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VanEck: Solana spot ETF will be approved next year!
The United States has only approved spot ETFs for Bitcoin and Ethereum, but in Europe, Switzerland and Germany already have Solana spot ETFs:
Recently, executives of VanEck, a top global asset management company, claimed that the probability of Solana spot ETF being listed in the United States in 2025 is very high.
In fact, these asset management companies can no longer hold back. In addition to Solana, they have also submitted applications for XRP/Litecoin. But at the moment, it seems that Solana is the most likely to pass.
Previously, the biggest resistance to the Solana spot ETF came from the SEC, because the SEC once determined that Solana was a stock.
This academic circle is different and its fate is about to be changed by memes!
Recently, memes have become more and more diverse, and they are even starting to have practical uses. For example, in the case of scientific research papers, papers are originally written by scientific researchers all over the world with great effort, but this business has long been controlled by a few literature websites around the world. Not only is it very expensive to download, but the scientific researchers do not get any income at all. Gradually, some people in the academic circle began to resist and started to distribute academic materials for free. In fact, this is very simple. It is just to collect scientific research databases and make them available for anyone to download for free.
The most successful project is Sci-Hub, which was founded in 2011 by Alexander Elbakin from Kazakhstan (hereinafter referred to as Sister A).
VanEck: Solana spot ETF will be approved next year!
The United States has only approved spot ETFs for Bitcoin and Ethereum, but in Europe, Switzerland and Germany already have Solana spot ETFs:
Recently, executives of VanEck, a top global asset management company, claimed that the probability of Solana spot ETF being listed in the United States in 2025 is very high.
In fact, these asset management companies can no longer hold back. In addition to Solana, they have also submitted applications for XRP/Litecoin. But at the moment, it seems that Solana is the most likely to pass.
Previously, the biggest resistance to the Solana spot ETF came from the SEC, because the SEC once determined that Solana was a stock.
Before the election, a16z partners had pointed the finger of blame for the chaos in the crypto industry directly at SEC Chairman Gensler. There is a saying: God has his own way, and no one can escape it.
Now, with the crypto industry’s victory, 18 U.S. states have filed a lawsuit against the SEC and its commissioners, accusing them of overstepping their authority and unfairly persecuting the crypto industry under the leadership of agency head Gary Gensler.
The lawsuit, signed by 18 Republican attorneys general, details how the agency committed “serious governmental overreach” by regulating a $3 trillion industry through enforcement actions that infringe on states’ rights to regulate their economies.
Polymarket's CEO was retaliated against, and Musk came to support him!
The prediction platform Polymarket can be said to have shined in the just-concluded US election. In the past, the direction of many general elections was controlled by various polls and media, who could manipulate public opinion at will. However, the emergence of prediction markets (casinos) such as Polymarket has torn off the underwear of traditional institutions.
Look at the picture that was predicted at the beginning. Isn’t it almost exactly the same as the one that was finally selected? But before Trump took office as president, the FBI suddenly searched the New York home of Polymarket CEO Shayne Coplan.
(New York Post) "This is clear political retaliation by the outgoing administration against Polymarket for providing a market that correctly predicted the 2024 dent election," said an unnamed source.
Official Announcement! Musk appointed as Dog Minister
Trump has just officially announced that Comrade Musk and Vivek Ramaswamy, born in 1985, will establish the Dog Department.
The full name of this department is DOGE (Department of Government Efficiency) The following is the full text of Trump's statement:
The first paragraph mainly states that the main tasks of these two individuals are to eliminate bureaucratism, cancel excessive regulation, cut useless budgets, and reorganize government agencies. It can be said to be the 'Development and Reform Commission' of Trump's reforms.
The second paragraph states that this plan is the 'Manhattan Project' of the new era, and Republicans have long anticipated the Dog Department, hoping it can help the White House and the Office of Budget Management achieve extensive structural reforms and inject entrepreneurial spirit into the government!
I actually haven't participated in memes for quite a long time. Recently, I've only participated in two, both of which have increased five times since the postings. One is $PNUT that listed on Binance a few days ago, the other is $ban. This round of memes has a win rate of 100%.
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On How to Discover Memes with a Market Value of 10 Billion Dollars
The original author of this article is Bruce, a well-known figure in the mining circle.
Before studying this topic, let's recap which memes have reached a market value of 10 billion dollars in history. There are only two: $DOGE and $SHIB.
These two coins have a few common points: 1. Neither project was founded by Chinese people, which is crucial. The founder of Doge is @BillyM2k, an American; the founder of Shib is a Japanese person using the pseudonym Ryoshi.
Why can't it be a project founded by Chinese people? It's not that our Eastern power is inadequate; in fact, Eastern power is very capable, very damn capable. Whether it's #Bitcoin or #Ethereum, they were both propelled by Eastern power in their early stages. Even now, first and second-tier mainstream crypto exchanges began to grow significantly in mainland regions. Even today, Chinese users still constitute the mainstream in many exchanges, and this is supported by data.
The original author of this article is Chao, reproduced with permission
In late autumn of 2024, Washington, D.C. Golden maple leaves are slowly falling from the sycamore trees of the White House. President Biden stands at the window of the Oval Office, looking at the city he is about to say goodbye to. Thirty-three years ago, as a senator on Capitol Hill not far away, he proposed the famous S.266 bill. At that time, he would never have thought that this seemingly ordinary bill would become the fuse of a "crypto war" that lasted for more than 30 years. He would never have thought that this war would end with the victory of the cypherpunks at the last moment of his presidency.
$PNUT is listed on Binance, I wonder if anyone has joined
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It was actually a squirrel that decided the fate of the United States!
The election situation was still very tense a few days ago. Trump, who was leading by a large margin, was likely to be reversed by Harris. But the Democratic Party’s rising momentum in recent days was suddenly interrupted by a squirrel meme. This squirrel is Peanut
Here's the whole story: this is no ordinary squirrel. It is a famous squirrel with millions of fans on Tiktok:
The owner of this squirrel has raised it for 7 and a half years. He posts various interesting videos of the squirrel on a daily basis, such as this one:
But recently, this squirrel was reported for the blogger raising wild animals at home.