Federal Reserve: officially ends quantitative tightening policy

[Federal Reserve Rate Cut Expectations Rise, SH Silver Prices Hit Record High] Due to tight liquidity in the exchange, Federal Reserve rate cut expectations are rising, and SH Silver prices continue to hit new highs. Market focus includes relevant policy trends and market reactions.

Ethereum co-founder Vitalik Buterin warns that quantum computers may break through Ethereum's encryption technology earlier than expected. （Cointelegraph）

[Airwallex Founder: U.S. Customer Data Will Not Be Sent to China] Airwallex founder Jack Zhang stated that some investors are spreading false information to aid their portfolio companies in competition. Jack Zhang emphasized that Airwallex strictly adheres to global data residency and security frameworks and will not send any U.S. customer data to China. U.S. customer data is stored in data centers located in the United States, the Netherlands, and Singapore, and is subject to strict security and access controls. Members of Airwallex's entities in China or Hong Kong do not have access to U.S. customers' personally identifiable information.

[Federal Reserve Report: High Interest Rates and Other Factors Pose Risks to Community and Regional Banks] The Federal Reserve report states that high interest rates, tightened lending standards, and declining commercial real estate values are impacting the commercial real estate loan portfolios of community and regional banks. Regulators are monitoring large banks' capital planning and liquidity risk management.

[Japan Rate Hike Expectations and MicroStrategy Developments Impact Bitcoin, Drops Below $84,000] On December 1, market sentiment cooled sharply, with Bitcoin hitting an intraday low of $83,786, down nearly 30% from its early October peak. Expectations for a rate hike by the Bank of Japan intensified, with traders pricing in a 76% chance of a December hike and nearly 90% for January next year. After Kazuo Ueda signaled 'early tightening,' Japan's two-year government bond yield rose to a 16-year high, triggering adjustments in global risk assets. MicroStrategy announced the establishment of a $1.44 billion cash reserve and, for the first time, acknowledged the possibility of selling Bitcoin under certain conditions, causing its stock price to plunge as much as 12% intraday. Despite adding 130 BTC last week, debt pressure and market volatility have heightened sensitivity in sentiment. The probability of a Federal Reserve rate cut in December rose to 87.6%, and QT officially ended today, withdrawing over $2 trillion in liquidity. The halt in balance sheet reduction is seen as a key event marking the liquidity bottom.