Jerry Lin
The Latest
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Bitcoin Soars Above $38,000, Sparking Optimism in Crypto Markets
Bitcoin has surged to a new high for 2023, surpassing $38,000 for the first time since May 2022. 
Bitcoin has surged to a new high for 2023, surpassing $38,000 for the first time since May 2022. -
Zhongzhi Enterprise Group on the Brink: $64 Billion Debt Crisis Shakes China's Financial Sector
Zhongzhi Enterprise Group, a prominent wealth management company in China, is grappling with a severe insolvency crisis, declaring liabilities up to $64 billion. 
Zhongzhi Enterprise Group, a prominent wealth management company in China, is grappling with a severe insolvency crisis, declaring liabilities up to $64 billion. -
Germany and Italy Collaborate on 'SoutH2 Corridor': Feasibility in Question
The 31-page "German-Italian Strategic Bilateral and EU Cooperation Action Plan" aims to enhance collaboration in energy, security, refugee control, climate, and culture. 
The 31-page "German-Italian Strategic Bilateral and EU Cooperation Action Plan" aims to enhance collaboration in energy, security, refugee control, climate, and culture. -
Turkey's Central Bank Takes Bold Step with 500 Basis Point Rate Hike to 40%
Turkey's Central Bank dramatically raised its key interest rate to 40%, an increase of 500 basis points. 
Turkey's Central Bank dramatically raised its key interest rate to 40%, an increase of 500 basis points. -
Oil Prices Tumble as OPEC+ Meeting Postponement Shakes Markets
The WTI January contract dropped by 4.2% to $74.50 per barrel, while the Brent January contract saw a 4.03% decrease to $79.13 per barrel. 
The WTI January contract dropped by 4.2% to $74.50 per barrel, while the Brent January contract saw a 4.03% decrease to $79.13 per barrel. -
Binance Settles for $4.3 Billion Amidst Allegations of Aiding Terrorist Transactions, CEO Zhao Steps Down
Binance, the world's largest cryptocurrency exchange, has agreed to pay a staggering $4.3 billion in fines to resolve allegations of violating U.S. anti-money laundering laws. 
Binance, the world's largest cryptocurrency exchange, has agreed to pay a staggering $4.3 billion in fines to resolve allegations of violating U.S. anti-money laundering laws. -
Bitcoin Struggles to Surpass $38K Amid Market Consolidation and Rising Miner Fees
Bitcoin, the pioneering cryptocurrency, is currently experiencing a consolidation phase, struggling to break through the critical $38,000 price level. Despite recent attempts to surpass this threshold, a combination of factors, including heavy profit-taking in both futures and spot markets, has prevented Bitcoin from maintaining momentum above this price point, as detailed in the latest Bitfinex Alpha report. 
Bitcoin, the pioneering cryptocurrency, is currently experiencing a consolidation phase, struggling to break through the critical $38,000 price level. Despite recent attempts to surpass this threshold, a combination of factors, including heavy profit-taking in both futures and spot markets, has prevented Bitcoin from maintaining momentum above this price point, as detailed in the latest Bitfinex Alpha report. -
US Dollar Hits Two-Month Low as Fed Rate Hike Expectations Diminish
The U.S. dollar index plunged to a two-and-a-half-month nadir on Monday, continuing its descent from the previous week, amid growing investor conviction that the Federal Reserve's interest rate hiking cycle may have reached its peak. 
The U.S. dollar index plunged to a two-and-a-half-month nadir on Monday, continuing its descent from the previous week, amid growing investor conviction that the Federal Reserve's interest rate hiking cycle may have reached its peak. -
Binance Negotiates $4bn Settlement with US Justice Department Amid Criminal Probe
Binance is in negotiations with the U.S. Department of Justice (DoJ) to settle a criminal investigation with a payment exceeding $4 billion. Binance is in negotiations with the U.S. Department of Justice (DoJ) to settle a criminal investigation with a payment exceeding $4 billion. -
Yuan's Surge Against the Dollar Signals Potential Short-Term Appreciation Trend
The onshore yuan closed against the dollar at 7.1747 on Monday, marking a rise of 718 basis points from the previous trading day and reaching its highest point since August 2. 
The onshore yuan closed against the dollar at 7.1747 on Monday, marking a rise of 718 basis points from the previous trading day and reaching its highest point since August 2.
