Jerry Lin
The Latest
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Trump’s SEC Launches Crypto Task Force, Sparking Optimism in Digital Asset Markets
President Donald Trump's administration has launched its first major initiative for the cryptocurrency industry, marking a shift toward clearer regulation for digital assets. On Tuesday, the Securities and Exchange Commission (SEC) announced the formation of a "crypto task force" aimed at developing comprehensive regulatory frameworks to foster innovation while protecting investors and market integrity. 
President Donald Trump's administration has launched its first major initiative for the cryptocurrency industry, marking a shift toward clearer regulation for digital assets. On Tuesday, the Securities and Exchange Commission (SEC) announced the formation of a "crypto task force" aimed at developing comprehensive regulatory frameworks to foster innovation while protecting investors and market integrity. -
Trump’s Crypto Promises Fall Short as Bitcoin Retreats from Inauguration Day Highs
Bitcoin and the broader cryptocurrency market experienced a sharp pullback following President Donald Trump's inauguration, tempering the industry's initial optimism about the new administration's potential impact on the sector. Bitcoin, which had soared to a record high of $109,350.72 on Monday, dropped to approximately $103,527.93 by Tuesday, reflecting a more cautious investor sentiment. 
Bitcoin and the broader cryptocurrency market experienced a sharp pullback following President Donald Trump's inauguration, tempering the industry's initial optimism about the new administration's potential impact on the sector. Bitcoin, which had soared to a record high of $109,350.72 on Monday, dropped to approximately $103,527.93 by Tuesday, reflecting a more cautious investor sentiment. -
Trump-Backed $TRUMP Coin Hits $13 Billion Market Cap and Makes Him a Billionaire Overnight
President-elect Donald Trump's latest venture into cryptocurrency has catapulted him into the billionaire ranks overnight, as his newly launched $TRUMP token skyrocketed to a $13 billion market capitalization within days. The coin, introduced with the slogan "Join the Trump Community. This is History in the Making!" has become a flashpoint for both financial speculation and ethical scrutiny, raising concerns about its implications given Trump's impending presidency. 
President-elect Donald Trump's latest venture into cryptocurrency has catapulted him into the billionaire ranks overnight, as his newly launched $TRUMP token skyrocketed to a $13 billion market capitalization within days. The coin, introduced with the slogan "Join the Trump Community. This is History in the Making!" has become a flashpoint for both financial speculation and ethical scrutiny, raising concerns about its implications given Trump's impending presidency. -
Federal Reserve Exits Global Climate Change Regulatory Group
The Federal Reserve announced on Friday its decision to withdraw from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition aimed at addressing climate-related financial risks. The Fed cited the group's expanding scope as exceeding its statutory mandate, marking a significant pivot in the U.S. central bank's approach to climate risk under the changing political climate. 
The Federal Reserve announced on Friday its decision to withdraw from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition aimed at addressing climate-related financial risks. The Fed cited the group's expanding scope as exceeding its statutory mandate, marking a significant pivot in the U.S. central bank's approach to climate risk under the changing political climate. -
Oil Prices Set for Fourth Consecutive Weekly Gain Amid Sanctions and Policy Uncertainty
Oil prices eased slightly on Friday but remained on track for a fourth straight week of gains, driven by concerns over tightening supply due to expanded U.S. sanctions on Russia and speculation about forthcoming energy policies under President-elect Donald Trump. 
Oil prices eased slightly on Friday but remained on track for a fourth straight week of gains, driven by concerns over tightening supply due to expanded U.S. sanctions on Russia and speculation about forthcoming energy policies under President-elect Donald Trump. -
Mortgage Rates Surpass 7% Amid Persistent Housing Market Challenges
Mortgage rates climbed above 7% for the first time since May, signaling continued affordability hurdles for prospective homebuyers. The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16, according to Freddie Mac, marking the fifth consecutive week of increases. This development underscores the resilience of economic forces that have kept borrowing costs elevated despite recent Federal Reserve actions to lower interest rates. 
Mortgage rates climbed above 7% for the first time since May, signaling continued affordability hurdles for prospective homebuyers. The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16, according to Freddie Mac, marking the fifth consecutive week of increases. This development underscores the resilience of economic forces that have kept borrowing costs elevated despite recent Federal Reserve actions to lower interest rates. -
Bitcoin Briefly Hits $100,000 Amid Cooling Inflation and Market Optimism
Bitcoin reached a milestone on Wednesday, briefly surpassing $100,000 as investors responded to fresh signs of easing inflation and a more favorable economic outlook. The cryptocurrency, which saw a 4% increase in 24 hours, reflected broader enthusiasm for risk assets, including equities, as expectations of a less aggressive Federal Reserve gained traction. 
Bitcoin reached a milestone on Wednesday, briefly surpassing $100,000 as investors responded to fresh signs of easing inflation and a more favorable economic outlook. The cryptocurrency, which saw a 4% increase in 24 hours, reflected broader enthusiasm for risk assets, including equities, as expectations of a less aggressive Federal Reserve gained traction. -
Germany’s Economy Shrinks 0.2% in 2024, Marking First Two-Year Decline in Two Decades
Germany's economy contracted by 0.2% in 2024, marking its second consecutive annual decline and the first two-year contraction since 2002-2003, according to data released Wednesday by the country's statistics office, Destatis. The figures highlight persistent structural and cyclical challenges in Europe's largest economy, including pressures on key industries and rising costs. 
Germany's economy contracted by 0.2% in 2024, marking its second consecutive annual decline and the first two-year contraction since 2002-2003, according to data released Wednesday by the country's statistics office, Destatis. The figures highlight persistent structural and cyclical challenges in Europe's largest economy, including pressures on key industries and rising costs. -
Core Inflation Slows to 3.2% in December, Below Forecasts as Energy Prices Surge
Inflation pressures showed signs of easing in December, with the core Consumer Price Index (CPI) rising at an annual rate of 3.2%, slightly below forecasts and marking the first deceleration in the metric since July. The Bureau of Labor Statistics (BLS) data released Wednesday signaled a modest improvement in price stability, even as energy costs surged. 
Inflation pressures showed signs of easing in December, with the core Consumer Price Index (CPI) rising at an annual rate of 3.2%, slightly below forecasts and marking the first deceleration in the metric since July. The Bureau of Labor Statistics (BLS) data released Wednesday signaled a modest improvement in price stability, even as energy costs surged. -
China’s Central Bank Injects Near-Record Liquidity to Tackle Cash Crunch, Support Yuan
China's central bank has infused nearly $131 billion into its financial system, marking one of its largest liquidity injections on record. The move comes as the People's Bank of China (PBOC) works to address heightened demand for cash ahead of the Lunar New Year while simultaneously shoring up the embattled yuan. 
China's central bank has infused nearly $131 billion into its financial system, marking one of its largest liquidity injections on record. The move comes as the People's Bank of China (PBOC) works to address heightened demand for cash ahead of the Lunar New Year while simultaneously shoring up the embattled yuan.
