From Lockstep to Lag, Bitcoin Poised to Catch Up With Small Cap Highs
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The Federal Reserve begins Treasury bill purchases later Friday, starting with $8.2 billion as part of its reserve management program.
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The Federal Reserve begins Treasury bill purchases later Friday, starting with $8.2 billion as part of its reserve management program.
[UK and US Proposal Drafts Ukraine's EU Accession in 2027] The latest draft of the Ukraine peace proposal explicitly states that Ukraine will join the EU on January 1, 2027. This fast-track proposal is mediated by the UK and the US. Putin's foreign policy advisor Ushakov stated that Russia has not yet seen the draft but is expected to dislike its contents. Ushakov also rejected the Trump administration's proposal regarding the possibility of the frontline Donbas region becoming a 'free economic zone.'
[People's Bank of China: Continue to Implement Moderately Loose Monetary Policy Next Year] The Party Committee of the People's Bank of China held a meeting emphasizing that in order to carry out the work of the People's Bank of China next year, it is necessary to continue implementing a moderately loose monetary policy, leverage the integrated effects of existing and new policies, and strengthen counter-cyclical and cross-cyclical adjustments. The meeting pointed out the need to focus on expanding domestic demand, optimizing supply, improving incremental policies, and revitalizing existing resources to create a favorable monetary and financial environment for stable economic growth, high-quality development, and the stable operation of financial markets.
[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）