Bitcoin, Ethereum, and XRP: Price increases as US government shutdown approaches
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Bitcoin, Ethereum, and XRP prices have risen due to the increased possibility of the end of the US government shutdown. （Decrypt）
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Bitcoin, Ethereum, and XRP prices have risen due to the increased possibility of the end of the US government shutdown. （Decrypt）
[New York Fed President Williams: U.S. Household Wealth Gap May Influence December Rate Cut Decision] On November 10, New York Fed President Williams stated that data and conversations with community leaders indicate that many impoverished households are facing a payment crisis. The wealth gap among U.S. households may influence whether he supports the Federal Reserve's rate cut in December. He pointed out that current inflation remains high with no signs of easing, the economy shows certain resilience, the labor market is gradually cooling but has not undergone drastic changes, and compared to the beginning of the year, no one is truly discussing a recession at this time.
[Bitunix Analyst: U.S. Employment Data Shutdown May Impact Federal Reserve Policy] On November 10, the U.S. government shutdown entered its second month, halting the release of official economic data and leaving the market reliant on private reports to analyze economic conditions. Data from ADP and Challenger indicate weakening resilience in the U.S. job market, with layoffs increasing, hiring slowing, and the consumer confidence index hitting a three-year low—signs of economic cooling are emerging. Bitunix analysts point out that in the absence of data, the Federal Reserve may rely more heavily on market signals and changes in financial conditions to assess policy direction. Declines in layoffs and confidence indices may fuel expectations for rate cuts. In the coming weeks, the U.S. economic data shutdown could trigger global liquidity fluctuations.
[Japanese Prime Minister Sanae Takaichi hopes the central bank will promote appropriate monetary policy to achieve inflation targets] Japanese Prime Minister Sanae Takaichi stated that she hopes the Bank of Japan will guide appropriate monetary policy to sustainably achieve the 2% inflation target, and pointed out that the inflation target is influenced not only by cost-push factors but also benefits from wage growth.
[River Responds to Price Volatility: Organized Manipulation, Pts Conversion Mechanism to Be Upgraded] River's official statement indicates that the recent sharp fluctuations in River Pts prices stem from organized market manipulation targeting the River ecosystem and the Pts conversion mechanism. Attackers established a large number of short positions and initiated concentrated Pts conversions, causing severe market disruption. To prevent systemic risks, the team has suspended Pts conversions and implemented market buybacks, after which the attackers quickly closed their positions and exited. Currently, the River team is upgrading the relevant mechanisms and plans to release data and hold an AMA to explain the subsequent response plan.
[U.S.-Thailand Reciprocal Trade Framework Agreement Announced, Thailand Eliminates Tariffs on 99% of Goods] The White House website released a 'Joint Statement on the U.S.-Thailand Reciprocal Trade Framework' on October 26. Thailand will eliminate tariff barriers on 99% of goods, covering all U.S. industrial products, food, and agricultural products. The U.S. will maintain a 19% reciprocal tariff on Thai goods, except for items listed in Annex III, which will have zero tariffs. Annex III refers to the list outlined in Executive Order No. 14346 issued by the White House on September 5, titled 'Potential Tariff Adjustments for Partner Countries.'