Jerry Lin
The Latest
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Bitcoin ETF Hopefuls Eagerly Await SEC Ruling Despite Social Media Snafu
The world of cryptocurrency and finance is abuzz with the anticipation of a potential landmark decision from the U.S. Securities and Exchange Commission (SEC) on the approval of spot bitcoin exchange-traded funds (ETFs). 
The world of cryptocurrency and finance is abuzz with the anticipation of a potential landmark decision from the U.S. Securities and Exchange Commission (SEC) on the approval of spot bitcoin exchange-traded funds (ETFs). -
Russia's Record December Oil Cutbacks and Bullish Bets on Price Surge Stir Market Speculation
On Tuesday, official data indicated that Russia's average oil production in December was around 130.6 million tons per day, equivalent to 957,000 barrels per day. This reduction, approximately 600,000 barrels per day from the previous month, marked the largest single-month cut since the initiation of production cuts, being about 375,000 barrels per day lower than the baseline set in early February 2023. 
On Tuesday, official data indicated that Russia's average oil production in December was around 130.6 million tons per day, equivalent to 957,000 barrels per day. This reduction, approximately 600,000 barrels per day from the previous month, marked the largest single-month cut since the initiation of production cuts, being about 375,000 barrels per day lower than the baseline set in early February 2023. -
Bitcoin ETF Approval Claim Debunked as SEC Confirms Social Media Hack
The U.S. Securities and Exchange Commission (SEC) swiftly corrected a misleading announcement about the approval of Bitcoin exchange-traded funds (ETFs) after its social media account was compromised. 
The U.S. Securities and Exchange Commission (SEC) swiftly corrected a misleading announcement about the approval of Bitcoin exchange-traded funds (ETFs) after its social media account was compromised. -
World Bank Warns of Diminishing Global Growth Prospects in 2024
The World Bank's recent report paints a somber picture for the global economy, projecting the slowest half-decade of growth in 30 years. The forecast for 2024 indicates a continuation of this trend, with global growth expected to decelerate to 2.4%, down from 2.6% in 2023. 
The World Bank's recent report paints a somber picture for the global economy, projecting the slowest half-decade of growth in 30 years. The forecast for 2024 indicates a continuation of this trend, with global growth expected to decelerate to 2.4%, down from 2.6% in 2023. -
SEC Accelerates Review of Bitcoin ETF Filings Ahead of Deadline
The urgency in the SEC's actions came as it worked against a looming Wednesday deadline, with the regulator providing feedback on submissions within the same day, a pace considered "borderline unheard of" by market observers. 
The urgency in the SEC's actions came as it worked against a looming Wednesday deadline, with the regulator providing feedback on submissions within the same day, a pace considered "borderline unheard of" by market observers. -
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.
