[People's Bank of China: Flexibly and Efficiently Utilize Various Monetary Policy Tools such as RRR Cuts and Interest Rate Cuts] The Party Committee of the People's Bank of China held a meeting emphasizing the continued implementation of a moderately loose monetary policy and accelerating the advancement of financial supply-side structural reforms. The meeting pointed out that promoting stable economic growth and a reasonable rebound in prices should be key considerations of monetary policy. It called for the flexible and efficient use of various monetary policy tools such as reserve requirement ratio (RRR) cuts and interest rate cuts to maintain ample liquidity. At the same time, it stressed strengthening coordination with fiscal policy, guiding financial institutions to support areas such as expanding domestic demand and technological innovation, and maintaining the basic stability of the RMB exchange rate.

[Jiuzi Holdings Plans to Expand Private Placement Financing to $1 Billion to Support Crypto Business] Nasdaq-listed company Jiuzi Holdings announced that it has signed memorandums of understanding with multiple institutional investors, intending to expand its private placement financing to $1 billion. The funds raised will be used to support the development of Jiuzi Holdings' crypto asset business, including building secure custody infrastructure and innovative storage solutions.

Twenty One Capital CEO Jack Mallers stated that Bitcoin is a $200 trillion asset and will become the world's next reserve asset. （Bitcoin Archive）

[S&P 500 Hits Another Record High, Wall Street Analysts Suggest Year-End Rally May Just Be Starting] The S&P 500 index closed at another all-time high on Thursday. Ned Davis Research Chief U.S. Strategist Ed Clissold stated that, given the strong earnings reports from U.S. companies and the resilience of the U.S. economy, the current market sentiment is far from euphoric, indicating there is still room for further gains from year-end into early next year. Barclays' 'Stock Market Euphoria Indicator' has stabilized but remains below its early October peak, suggesting the market still has 'dry powder' to fuel a potential year-end rally.

[Binance Alpha Launches RAVE, Airdrop Value Approximately $72 Per Account] On December 12, Binance Alpha launched RaveDAO (RAVE). The current token price is $0.18, with a market cap of $42 million. Eligible users can claim an airdrop of 400 RAVE tokens, equivalent to approximately $72 at the current price.