Jerry Lin
The Latest
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SEC Decision on Bitcoin ETF Imminent, Analysts See 5% Chance of Rejection
Bloomberg Intelligence senior ETF analyst Eric Balchunas recently voiced a strong sentiment, suggesting that the chance of the SEC rejecting the Bitcoin ETF proposals has dwindled to a mere 5%. 
Bloomberg Intelligence senior ETF analyst Eric Balchunas recently voiced a strong sentiment, suggesting that the chance of the SEC rejecting the Bitcoin ETF proposals has dwindled to a mere 5%. -
India Anticipates 7.3% GDP Growth for the Fiscal Year Amid Manufacturing and Government Spending
The Indian National Statistical Office announced on January 5 that the country's GDP is expected to grow by 7.3% for the fiscal year ending in March 2024, driven by increased government spending and a rebound in manufacturing. This projection surpasses the Reserve Bank of India's forecast of 7% and market expectations of 6.7%, following a 7.2% economic growth rate in the previous fiscal year. 
The Indian National Statistical Office announced on January 5 that the country's GDP is expected to grow by 7.3% for the fiscal year ending in March 2024, driven by increased government spending and a rebound in manufacturing. This projection surpasses the Reserve Bank of India's forecast of 7% and market expectations of 6.7%, following a 7.2% economic growth rate in the previous fiscal year. -
Iran-China Oil Trade Hits a Snag Amid Pricing Dispute
The oil trade between China and Iran, two pivotal players in the global oil market, has come to an impasse as Tehran has halted shipments and is now demanding higher prices from its top client, China. This development threatens to tighten the supply of cheap oil for the world's most significant crude importer and potentially bolster global prices while squeezing profits at Chinese refineries. 
The oil trade between China and Iran, two pivotal players in the global oil market, has come to an impasse as Tehran has halted shipments and is now demanding higher prices from its top client, China. This development threatens to tighten the supply of cheap oil for the world's most significant crude importer and potentially bolster global prices while squeezing profits at Chinese refineries. -
US Job Market Surprises with 216,000 New Positions in December
In December, the U.S. economy showcased its resilience by adding 216,000 jobs, significantly surpassing the anticipated 170,000 and maintaining a steady unemployment rate of 3.7%. 
In December, the U.S. economy showcased its resilience by adding 216,000 jobs, significantly surpassing the anticipated 170,000 and maintaining a steady unemployment rate of 3.7%. -
Former Citigroup Executives Consider Plan B as Bitcoin ETF Approval Remains Elusive
Amidst the continued speculation over the approval of a Bitcoin spot ETF, a company founded by former Citigroup executives plans to bypass the SEC by launching a Bitcoin Depositary Receipt (BDR) that does not require approval. 
Amidst the continued speculation over the approval of a Bitcoin spot ETF, a company founded by former Citigroup executives plans to bypass the SEC by launching a Bitcoin Depositary Receipt (BDR) that does not require approval. -
Bitcoin Unmoved by SEC's ETF Deliberations and Market Speculations
The recent buzz around the U.S. Securities and Exchange Commission (SEC) potentially finalizing comments on spot Bitcoin exchange-traded fund (ETF) applications has not significantly impacted the price of Bitcoin (BTC). 
The recent buzz around the U.S. Securities and Exchange Commission (SEC) potentially finalizing comments on spot Bitcoin exchange-traded fund (ETF) applications has not significantly impacted the price of Bitcoin (BTC). -
Record $34 Trillion US Debt Signals Economic and Political Quagmire
The United States has reached a daunting fiscal milestone, with its national debt surpassing $34 trillion for the first time, signaling an alarming trend of burgeoning financial obligations. This escalation, documented by the Treasury Department, occurred just weeks ahead of critical deadlines for Congress to agree on new federal funding plans, raising the specter of potential government shutdowns and heightened economic uncertainty. 
The United States has reached a daunting fiscal milestone, with its national debt surpassing $34 trillion for the first time, signaling an alarming trend of burgeoning financial obligations. This escalation, documented by the Treasury Department, occurred just weeks ahead of critical deadlines for Congress to agree on new federal funding plans, raising the specter of potential government shutdowns and heightened economic uncertainty. -
Cryptocurrencies Plunge on Wednesday, Analysts Doubt Bitcoin ETF Approval
On January 3, Bitcoin experienced a sudden plunge, with its value dropping over 10% in 24 hours, falling below $41,000 per coin. Just a day prior, Bitcoin had surpassed $45,000 per coin, reaching a 21-month high, with an annual gain of 160% in 2023. 
On January 3, Bitcoin experienced a sudden plunge, with its value dropping over 10% in 24 hours, falling below $41,000 per coin. Just a day prior, Bitcoin had surpassed $45,000 per coin, reaching a 21-month high, with an annual gain of 160% in 2023. -
OPEC+ Reconvenes in Early February: Oil Prices Plunge Amidst Market Speculation
On Tuesday, oil prices took a plunge during trading hours following reports from anonymous delegates indicating that OPEC+ plans to resume its regular oil market monitoring meetings, known as the Joint Ministerial Monitoring Committee (JMMC), with an online session slated for February 1. 
On Tuesday, oil prices took a plunge during trading hours following reports from anonymous delegates indicating that OPEC+ plans to resume its regular oil market monitoring meetings, known as the Joint Ministerial Monitoring Committee (JMMC), with an online session slated for February 1. -
Challenges Mount for the UK Economy: Stagnation, Inflation, and Infrastructure Woes
The UK economy is grappling with high inflation, stagnant wage growth, and insufficient infrastructure investment. While it hasn't plunged into the severe recession some economists anticipated, the economy still shows signs of weak growth. Improvements are unlikely before the autumn 2024 elections. 
The UK economy is grappling with high inflation, stagnant wage growth, and insufficient infrastructure investment. While it hasn't plunged into the severe recession some economists anticipated, the economy still shows signs of weak growth. Improvements are unlikely before the autumn 2024 elections.
