Jerry Lin
The Latest
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Bitcoin Soars Past $35,000: Is ETF Approval on the Horizon?
In a dramatic turn of events, Bitcoin (BTC) has surged past the $35,000 mark, a level not seen since May of the previous year. This sudden uptick, which saw the cryptocurrency gain a staggering 14% in just 24 hours, has been attributed to a renewed interest in the potential approval of Bitcoin spot Exchange-Traded Funds (ETFs) and a significant uptick in trading volumes across spot markets. 
In a dramatic turn of events, Bitcoin (BTC) has surged past the $35,000 mark, a level not seen since May of the previous year. This sudden uptick, which saw the cryptocurrency gain a staggering 14% in just 24 hours, has been attributed to a renewed interest in the potential approval of Bitcoin spot Exchange-Traded Funds (ETFs) and a significant uptick in trading volumes across spot markets. -
Bitcoin's Lightning Network Faces Security Concerns: Top Developer Resigns Amidst Vulnerability Warnings
In a significant development that has sent ripples through the cryptocurrency community, Antoine Riard, a leading security researcher and top developer for Bitcoin and the Lightning Network, has announced his resignation. Riard's departure comes in the wake of his growing concerns about a series of vulnerabilities within the Bitcoin ecosystem, especially the potential risks they pose to users who might lose their funds in a cyberattack. 
In a significant development that has sent ripples through the cryptocurrency community, Antoine Riard, a leading security researcher and top developer for Bitcoin and the Lightning Network, has announced his resignation. Riard's departure comes in the wake of his growing concerns about a series of vulnerabilities within the Bitcoin ecosystem, especially the potential risks they pose to users who might lose their funds in a cyberattack. -
U.S. Budget Deficit Nears $1.7 Trillion Amid Economic Challenges and Political Tensions
The U.S. Treasury Department unveiled Friday that the federal budget deficit for the fiscal year ending September approached $1.7 trillion, a sharp 23% increase from the previous year. This escalation underscores the nation's continued financial struggles despite optimistic predictions and measures to address the fiscal health. 
The U.S. Treasury Department unveiled Friday that the federal budget deficit for the fiscal year ending September approached $1.7 trillion, a sharp 23% increase from the previous year. This escalation underscores the nation's continued financial struggles despite optimistic predictions and measures to address the fiscal health. -
China Tightens Grip on Critical Battery Material, Sending Shockwaves in Global Tech and Auto Sectors
In a move that has caught the global industry off guard, China, the world's foremost producer and exporter of graphite, a crucial component for electric vehicle (EV) batteries, has initiated tighter controls on its export. This strategic maneuver by Beijing comes amidst intensifying geopolitical tensions and mounting external pressures on Chinese industrial practices. 
In a move that has caught the global industry off guard, China, the world's foremost producer and exporter of graphite, a crucial component for electric vehicle (EV) batteries, has initiated tighter controls on its export. This strategic maneuver by Beijing comes amidst intensifying geopolitical tensions and mounting external pressures on Chinese industrial practices. -
Middle East Tensions Roil Markets: U.S. Stocks Decline, Safe-Haven Assets Soar, Gold Breaks $2,000
Escalating tensions in the Middle East have heightened market concerns about the expansion of the Israel-Palestine conflict. U.S. stocks continue their downward trajectory, safe-haven assets are on the rise, and gold has surpassed the $2,000 mark for the first time in over two months. 
Escalating tensions in the Middle East have heightened market concerns about the expansion of the Israel-Palestine conflict. U.S. stocks continue their downward trajectory, safe-haven assets are on the rise, and gold has surpassed the $2,000 mark for the first time in over two months. -
Historic Drought Hits Brazil's Amazon, Impacting Grain Exports
The Amazon region of Brazil, in the midst of its spring season, is grappling with an unprecedented drought. This not only affects the daily lives of local residents but has also impacted the grain exports of this South American powerhouse. 
The Amazon region of Brazil, in the midst of its spring season, is grappling with an unprecedented drought. This not only affects the daily lives of local residents but has also impacted the grain exports of this South American powerhouse. -
Barclays Predicts Potential Fed Rate Hike in December
While rising U.S. bond yields have somewhat offset the tightening effect of interest rate hikes, Barclays believes the Federal Reserve isn't done with rate increases just yet. 
While rising U.S. bond yields have somewhat offset the tightening effect of interest rate hikes, Barclays believes the Federal Reserve isn't done with rate increases just yet. -
Wall Street's Big Banks Quietly Lay Off 20,000 Amid Economic Uncertainties
Despite recent U.S. economic data surpassing expectations, filings from the banking sector reveal that, excluding JPMorgan Chase, the top five U.S. banks have collectively laid off 20,000 employees this year. The layoffs might intensify in the future. Analysts believe that, besides the high-interest rate environment increasing operational costs, a significant reason for the layoffs is the reduced rate of job-hopping among financial professionals this year, leading to an unexpected surplus in bank staff. 
Despite recent U.S. economic data surpassing expectations, filings from the banking sector reveal that, excluding JPMorgan Chase, the top five U.S. banks have collectively laid off 20,000 employees this year. The layoffs might intensify in the future. Analysts believe that, besides the high-interest rate environment increasing operational costs, a significant reason for the layoffs is the reduced rate of job-hopping among financial professionals this year, leading to an unexpected surplus in bank staff. -
Powell Highlights Economic Tensions, Anticipates Measured Approach
Federal Reserve Chairman Jerome Powell painted a complex picture of the U.S. economy on Thursday, addressing concerns of heightened inflation and the delicate balance of economic growth during a speech at the Economic Club of New York. Markets eagerly awaited his remarks, as they often provide a clue to the central bank's future policy trajectory. 
Federal Reserve Chairman Jerome Powell painted a complex picture of the U.S. economy on Thursday, addressing concerns of heightened inflation and the delicate balance of economic growth during a speech at the Economic Club of New York. Markets eagerly awaited his remarks, as they often provide a clue to the central bank's future policy trajectory. -
Taliban Expresses Interest in Joining China's Belt and Road Initiative
Amidst a changing political landscape, the Taliban, now at the helm in Afghanistan, is showing an inclination towards aligning with China's significant infrastructure venture, the 'Belt and Road' Initiative. This recent development emerges as Haji Nooruddin Azizi, Afghanistan's acting commerce minister, expressed the Taliban administration's desire to become an official part of this vast project. 
Amidst a changing political landscape, the Taliban, now at the helm in Afghanistan, is showing an inclination towards aligning with China's significant infrastructure venture, the 'Belt and Road' Initiative. This recent development emerges as Haji Nooruddin Azizi, Afghanistan's acting commerce minister, expressed the Taliban administration's desire to become an official part of this vast project.
