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A summary of major market events on December 7th.
UAE-based Mashreq Capital has included bitcoin ETFs in its new multi-asset fund.
This week's top news highlights from December 8 to December 14.
China is accelerating the development of the digital yuan, and its policy stance to resolutely curb virtual currencies, including stablecoins, has become fully clear. This approach is based on a comprehensive consideration of factors such as China’s global leadership in mobile payments and the digital yuan, the sovereignty and security of the renminbi, and the stability of the monetary and financial system.
As the December FOMC meeting approaches, the market's focus has shifted from interest rate cuts to the possibility of the Federal Reserve restarting large-scale asset purchases.
He believes the industry has lost its idealism and has turned into the largest and most participated super casino in human history, and he feels disgusted for having contributed to this casino.
He believes the industry has lost its idealism, morphing into the largest and most widely participated super casino in human history, and feeling disgusted with having once contributed to this casino.
In Brief Bitcoin and altcoin ETFs witness dynamic shifts in inflows and outflows. XRP and Solana ETFs attract notable investor attention and activity. Institutions explore diversified crypto ETFs for strategic risk management.
- 04:50Banmuxia: This week’s Fed rate cut will normalize liquidity, and the market is expected to see a broad rally this week or even this month.ChainCatcher News, Chinese crypto analyst Banmuxia stated in a post, "This week, the Federal Reserve's interest rate cut and renewed balance sheet expansion will bring strained liquidity back to normal. This week will see a broad rally (U.S. stocks, crypto, precious metals, etc.), and even the coming month could be a month of broad gains." Banmuxia also cited an article he published on November 11, which stated, "Starting in December, the Federal Reserve will stop shrinking its balance sheet and may begin expanding it. At that time, liquidity will return to normal, similar to October 2019. The real massive liquidity injection will have to wait until next May, after Trump takes control of the Federal Reserve, similar to March 2020."
- 04:48Matrixport: Bitcoin stabilizes in the short term, but pre-meeting sentiment remains cautiousJinse Finance reported that Matrixport released its daily chart analysis, stating that as the December 10 FOMC meeting approaches, market sentiment is highly focused on related policy signals. Although bitcoin price has stabilized to some extent, it is still difficult to regard this as the start of a new upward trend. Option pricing currently still implies about a 5% downside risk, and capital is still hedging against a pullback. With the general trend of deleveraging and reducing positions at the end of the year, short-term rebounds are more often used as opportunities to reduce holdings rather than signals to increase positions. From a seasonal perspective, market liquidity tends to be tight around Christmas, and the sustainability of upward trends is often suppressed. The current long-short dividing line is roughly at the $91,500 level. In terms of probability, the baseline scenario remains that volatility will continue to converge, and the likelihood of a strong breakout immediately after the FOMC is relatively limited.
- 04:38The Japanese government submits an additional budget of 18.3 trillion yen to the parliament.Jinse Finance reported that the Japanese government submitted a supplementary budget draft for the 2025 fiscal year to the National Diet on Monday, with general account expenditures reaching 18.3034 trillion yen, mainly to fund the first comprehensive economic plan under Prime Minister Sanae Takaichi's administration. This figure marks a significant increase from the previous fiscal year's supplementary budget of 13.9433 trillion yen. The core of this economic plan will focus on measures to alleviate the impact of rising prices and investments in growth sectors. The Budget Committee of Japan's House of Representatives will hold meetings on Tuesday and Wednesday to discuss the budget proposal. The Japanese government's goal is to pass the budget during the current Diet session, which is scheduled to end on December 17. (Golden Ten Data)
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