Japan's interest rate hike triggers a plunge in global financial markets | The U.S. debt crisis further intensifies | Is BTC still a safe-haven asset?
The entire financial market has been very turbulent recently, and the source of all this turbulence is essentially the inflationary US debt crisis. At this moment, it is the series of chain events triggered by the yen interest rate hike that officially detonated this powder keg. Let's take a look at how Japan has gradually become a global liquidity provider and triggered this Bitcoin crash. Is BTC still a safe-haven asset? 01 Japan's financial market under the negative interest rate environment for 17 years Japan has maintained a negative or zero interest rate policy for the past 17 years. According to data released by the Ministry of Finance of Japan on August 9, as of the end of June this year, the total debt of the Japanese government, including government bonds, loans and short-term securities, reached 1311 trillion yen, exceeding 1300 trillion for the first time. If the Japanese government chooses to increase the interest rate by 1%, it will have to pay an additional 13 trillion yen in interest. The fiscal revenue of the entire country of Japan for the whole year is only about 70 trillion yen. Therefore, the Japanese government is forced to maintain low interest rates.
Glassnode said in its weekly on-chain report that large entities are currently holding about 4.9 million Bitcoins, equivalent to 25% of the circulating supply. Of these entities, CEXs and ETF custodians account for the largest proportion. After the German government address sold all of its Bitcoin holdings, there seems to be a short-term relief for sellers and a renewed inflow of demand to support the market. Market profitability remains very strong, and most Bitcoin supply remains on a favorable cost basis below the current spot price. $BTC $ETH
Trump's vice presidential candidate James David Vance owns $250,000 worth of BTC. His stance on the crypto industry: 1. Thinks Gary Gensler is the worst person to regulate the crypto industry 2. One of the 60 senators who voted to repeal the controversial "SAB 121" accounting rule 3. Defended the mining company Debt Box 4. Said "cryptocurrency can solve the problem of government abuse of power" #美国大选如何影响加密产业? #以太坊ETF批准预期 #山寨季何时到来? $BTC $ETH $SOL
LI FI officials said that 4 new security vulnerabilities have been discovered and urged all users to revoke website authorization immediately. All user funds that interact with the LI FI protocol are now at risk. The current loss has expanded to $10 million. It is best to check it if you have used web3 wallets to operate cross-chain before.
BlackRock has over $10.6 trillion in assets under management (AUM), up 13% from the previous year, and cites ETFs as a driver of its success. Its spot BTC ETF (IBIT) holds over 300,000 BTC, worth nearly $20 billion. CEO Larry Fink admitted on CNBC that he was wrong about Bitcoin after calling it “worthless” in October 2021. #以太坊ETF批准预期 #美国6月非农数据高于预期
How is USDT | USDC created? How do stablecoin companies make money?
Hello, everyone. I am Miu. Today we will introduce the basic knowledge that you must know in the field of crypto investment. What is a stable currency? No one should scold me for using the big A as a title party and stepping stone. First of all, we all know that for ordinary people, there are no good investment opportunities in China. Whether it is the A-share market, bonds, or real estate, it is basically difficult to make a profit.
However, through stablecoins, we can easily earn risk-free returns of at least 10% annualized rate in this industry. By discovering some opportunities, we can seize the short-term 40-50% or even 100% annualized rate.
Bitcoin has been going up and down, but the MEME I bought is still making a profit!
Please indicate the source when reprinting "Miuuuuu"
This year, the popularity of meme and the decline of vc coin have slowly turned into an ideological battle in the crypto community, and neither side can convince the other. This morning I saw an article titled "Eastern Community Cannot Always Be Meme, Eastern Community Needs a Wildfire." VCs believe they are creating the social foundation for the next 10-20 years, while retail investors think it is better to shout "fuck infra, come and watch all kinds of memes with me, and then to the moon!" VCs look at the unsalable concepts in their hands, which are packaged into tokens that are enough to repel 90% of the world's humans, and they are also full of incomprehension.
Panic and hope in the Bitcoin market: reasons for the recent decline and analysis of future trends | Miuuuuu331
Welcome to follow me: x: miuuuuu331 v: Miuuu_31 $BTC $ETH $SOL As BTC fell all the way to $54,000 this week, it has risen back to around $57,000 today as I write this article. Cryptocurrency investor sentiment has fallen to its most fearful level since the end of the crypto winter in 2022. Just three months ago, the entire market was in a state of extreme greed. But apart from the biggest positive impact of interest rate cuts, it is hard for me to imagine the possibility of BTC breaking new highs again in the short term, which means that there is still a long cycle for the price to reach $100,000.