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The article analyzes the background of the Federal Reserve potentially ending quantitative tightening and shifting towards quantitative easing, explores the current liquidity crisis facing the financial system, compares the differences between 2019 and the present, and suggests that investors hold gold and bitcoin to cope with possible monetary expansion. Summary generated by Mars AI. This summary is produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
The article discusses the high-risk investment behavior of retail investors in South Korea, including going all-in on stocks, leveraged ETFs, and cryptocurrencies. It also examines the socio-economic pressures behind this behavior and its impact on individuals and the financial system. Summary generated by Mars AI This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
Wallets related to suspected fraudster Chen Zhi have transferred nearly $2 billion worth of bitcoin. The U.S. Department of Justice has accused him of involvement in a $14 billion crypto fraud case. Chen Zhi is currently at large, and some of the bitcoin has been seized by the U.S. government. Summary generated by Mars AI.
- 21:22US SEC and CFTC Aim to Implement Crypto Regulatory Plan by Year-EndJinse Finance reported that Paul Atkins, Chairman of the US Securities and Exchange Commission (SEC), and Caroline Pham, Acting Chair of the Commodity Futures Trading Commission (CFTC), stated that the two major regulatory agencies are pushing to achieve a milestone in cryptocurrency regulation by the end of the year. The CFTC plans to implement management of "spot crypto trading and tokenized collateral" by year-end; the SEC is advancing "Project Crypto," which aims to introduce an innovative regulatory exemption system. However, ongoing government shutdowns have limited the efficiency of both agencies. Previously, the White House suggested that the SEC should consider a crypto safe harbor and exemptions for securities issuance registration, while the CFTC has been authorized to regulate the spot market for non-security digital assets. Congress is also promoting legislation to establish clear rules for the crypto industry. The SEC hopes that the relevant bill can be signed into law by the end of the year to clarify market boundaries and coordinate regulatory actions.
- 21:22BTC falls below $107,000Jinse Finance reported that according to market data, BTC has fallen below $107,000 and is now quoted at $106,859, with a 24-hour decline of 3.63%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 21:11Tesla Q3 revenue exceeds expectations but profits under pressureJinse Finance reported that Tesla (TSLA.O) announced third-quarter profits below expectations, despite its electric vehicle sales reaching a record high, indicating that the company is facing pressure from changing U.S. policies and rising costs. The company's financial report showed adjusted earnings per share for the third quarter at $0.50, while analysts had expected an average of $0.54. However, quarterly revenue was $28.1 billions, exceeding market expectations. The company reiterated its previous quarter's statement that it is difficult to assess how changing global trade and fiscal policies will affect its business and operations. Tesla believes its performance depends on the broader macroeconomic environment, as well as the pace of accelerating its autonomous driving efforts and increasing production of key products. Analysts expect Tesla's vehicle deliveries to decline for the second consecutive year. Earlier this month, Tesla reported record third-quarter sales as consumers rushed to buy electric vehicles before the U.S. tax credit policy expired on September 30, providing a temporary boost to the company's core automotive business.