Jerry Lin
The Latest
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Core PCE Inflation Drops Below 3%, Signaling Potential Change in Fed's Rate Strategy
According to the Commerce Department, the core PCE price index, which excludes the often-volatile food and energy sectors, rose by 0.2% in December, culminating in a 2.9% increase from the previous year. This figure fell slightly below the 3% forecasted by economists, suggesting a subtle yet potentially significant shift in the inflationary landscape. 
According to the Commerce Department, the core PCE price index, which excludes the often-volatile food and energy sectors, rose by 0.2% in December, culminating in a 2.9% increase from the previous year. This figure fell slightly below the 3% forecasted by economists, suggesting a subtle yet potentially significant shift in the inflationary landscape. -
Bitcoin Stabilizes at $40,000 as Outflows from World's Largest Bitcoin ETF Slow Down
The world's largest Bitcoin fund, Grayscale Bitcoin Trust (GBTC), has seen a slowdown in outflows, potentially marking an end to Bitcoin's two-week plummet. Bitcoin prices have stabilized and are currently trading around the $40,000 mark. 
The world's largest Bitcoin fund, Grayscale Bitcoin Trust (GBTC), has seen a slowdown in outflows, potentially marking an end to Bitcoin's two-week plummet. Bitcoin prices have stabilized and are currently trading around the $40,000 mark. -
Yellen Optimistic About 2024 Economy, Highlights Middle-Class Growth
Amidst a landscape of political and economic debates leading up to the 2024 election, Treasury Secretary Janet Yellen conveyed a robust and optimistic outlook for the U.S. economy, asserting her confidence in continued growth and stability. 
Amidst a landscape of political and economic debates leading up to the 2024 election, Treasury Secretary Janet Yellen conveyed a robust and optimistic outlook for the U.S. economy, asserting her confidence in continued growth and stability. -
Italy Unravels $1.9 Billion Tax Fraud Involving Italo-Chinese Shadow Banking
Italian authorities have uncovered a sophisticated tax evasion scheme involving 85 suspects and a staggering 1.7 billion euros (approximately $1.9 billion). 
Italian authorities have uncovered a sophisticated tax evasion scheme involving 85 suspects and a staggering 1.7 billion euros (approximately $1.9 billion). -
U.S. Economy Surpasses Expectations with 3.3% Growth in Q4
The U.S. economy exhibited a surprisingly robust performance in the fourth quarter of 2023, growing at a 3.3% annualized rate, significantly outpacing expectations. This growth, as reported by the Commerce Department on Thursday, marks a decisive moment, as the U.S. skirted a recession that many analysts had predicted. 
The U.S. economy exhibited a surprisingly robust performance in the fourth quarter of 2023, growing at a 3.3% annualized rate, significantly outpacing expectations. This growth, as reported by the Commerce Department on Thursday, marks a decisive moment, as the U.S. skirted a recession that many analysts had predicted. -
Tesla's Stock Plummets 8% Amid 2024 Sales Slowdown Warning
Tesla Inc., the electric vehicle powerhouse, experienced a significant 8% drop in its stock prices in pre-market trading on Thursday. This downturn came in the wake of the company's fourth-quarter earnings report, which not only missed market expectations but also included a cautionary outlook for the year 2024. 
Tesla Inc., the electric vehicle powerhouse, experienced a significant 8% drop in its stock prices in pre-market trading on Thursday. This downturn came in the wake of the company's fourth-quarter earnings report, which not only missed market expectations but also included a cautionary outlook for the year 2024. -
Ethereum ETF Faces SEC Hurdle Despite Optimism in Crypto Market
The U.S. Securities and Exchange Commission (SEC) has taken a pivotal stance by approving spot Bitcoin exchange-traded funds (ETFs). However, the same enthusiasm does not extend to Ethereum ETFs, where the SEC reportedly maintains a "hard no" position, according to Fox Business' Eleanor Terrett. 
The U.S. Securities and Exchange Commission (SEC) has taken a pivotal stance by approving spot Bitcoin exchange-traded funds (ETFs). However, the same enthusiasm does not extend to Ethereum ETFs, where the SEC reportedly maintains a "hard no" position, according to Fox Business' Eleanor Terrett. -
BlackRock's IBIT Attracts $272M as Grayscale's GBTC Faces Exodus
The Bitcoin Exchange-Traded Fund (ETF) market is witnessing a dynamic shift, with BlackRock's iShares Bitcoin Trust (IBIT) recording substantial inflows, while Grayscale's Bitcoin Trust (GBTC) experiences a significant exodus. This development marks a pivotal moment in the cryptocurrency investment landscape, signaling investor preferences and market trends. 
The Bitcoin Exchange-Traded Fund (ETF) market is witnessing a dynamic shift, with BlackRock's iShares Bitcoin Trust (IBIT) recording substantial inflows, while Grayscale's Bitcoin Trust (GBTC) experiences a significant exodus. This development marks a pivotal moment in the cryptocurrency investment landscape, signaling investor preferences and market trends. -
Bitcoin's Value Dips to $38K Amid Grayscale's $600 Million Sell-Off
The cryptocurrency market witnessed a significant shake-up this week as Bitcoin, the world's premier digital asset, experienced a sharp decline, dropping to the $38,000 level. This downward trend coincides with a massive sell-off by Grayscale Investments, amounting to nearly $600 million worth of Bitcoin. 
The cryptocurrency market witnessed a significant shake-up this week as Bitcoin, the world's premier digital asset, experienced a sharp decline, dropping to the $38,000 level. This downward trend coincides with a massive sell-off by Grayscale Investments, amounting to nearly $600 million worth of Bitcoin. -
Bitcoin ETF Launch Triggers Price Drop: Unresolved Issues in Crypto Sphere Surface
The launch of spot Bitcoin ETFs has paradoxically led to a bearish trend in Bitcoin prices, primarily driven by pressure from unresolved issues within the crypto sphere. A significant factor contributing to the bear market is the conversion of Grayscale's GBTC from a closed-end trust to an open-end spot ETF, leading to a substantial increase in Bitcoin's market liquidity. 
The launch of spot Bitcoin ETFs has paradoxically led to a bearish trend in Bitcoin prices, primarily driven by pressure from unresolved issues within the crypto sphere. A significant factor contributing to the bear market is the conversion of Grayscale's GBTC from a closed-end trust to an open-end spot ETF, leading to a substantial increase in Bitcoin's market liquidity.
