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Trump's Bitcoin Reserve Plan: The Fed's Strong Opposition and the Potential Congressional Showdown
Trump's Bitcoin Reserve Plan: The Fed's Strong Opposition and the Potential Congressional ShowdownPresident Trump's proposed creation of a US "strategic bitcoin reserve" is facing strong headwinds from the Federal Reserve. The plan has garnered significant market attention since the price of bitcoin surged above $100,000 following Trump's November 5th election victory...
Blockchain 2024-12-19 08:28:07 -
Bitcoin Plunges: Fed's Hawkish Stance Shakes Crypto Market
Bitcoin Plunges: Fed's Hawkish Stance Shakes Crypto MarketBitcoin suffered a significant setback on December 18th, plummeting over 5%its largest single-day drop in over three months. This sharp decline is part of a broader sell-off in global speculative assets, directly triggered by the Federal Reserve's more cautious signals regarding future interest rate cuts...
Blockchain 2024-12-19 08:22:39 -
Huawei Takes the Lead! Q4 2024 Sees a Fierce Battle for Dominance in China's Smartphone Market
Huawei Takes the Lead! Q4 2024 Sees a Fierce Battle for Dominance in China's Smartphone MarketThe fourth quarter of 2024 witnessed an unprecedented level of competition in China's smartphone market, potentially reshaping the entire year's rankings. While final data is still pending, December's market shifts already hint at the cutthroat nature of the battle...
Mobile Internet 2024-12-19 08:20:05 -
Fed's Unexpected Rate Cut Shift Creates Market Tremors: A Deep Dive into Global Economy and Stock Markets
Fed's Unexpected Rate Cut Shift Creates Market Tremors: A Deep Dive into Global Economy and Stock MarketsThe Federal Reserve's 25-basis-point interest rate cut, as expected, was overshadowed by its indication of only two more rate cuts totaling 50 basis points next year. This was far below market expectations (four 25-basis-point cuts were anticipated in September)...
Blockchain 2024-12-19 08:19:43 -
Powell Explicitly Rejects Fed Holding Bitcoin; Trump's Crypto Policy a Future Uncertainty
Powell Explicitly Rejects Fed Holding Bitcoin; Trump's Crypto Policy a Future UncertaintyFederal Reserve Chairman Jerome Powell definitively stated at a press conference following the December interest rate meeting that the Fed will not include Bitcoin in its balance sheet. This statement directly addressed market speculation about the Fed potentially holding Bitcoin, injecting a degree of certainty into the future of the cryptocurrency market...
Blockchain 2024-12-19 08:08:25 -
The Fed's Surprise "Hawkish" Turn: 25-Basis-Point Cut Triggers Stock Market Plunge and Global Market Turmoil
The Fed's Surprise "Hawkish" Turn: 25-Basis-Point Cut Triggers Stock Market Plunge and Global Market TurmoilReasons Behind the Fed's "Hawkish" Stance and Market Reaction:This action sharply contrasted with market expectations of continued significant rate cuts by the Fed next year, further fueling US equity gains. The Fed's cautious stance triggered a surge in US Treasury yields, with the 10-year Treasury yield briefly exceeding 4...
Blockchain 2024-12-19 07:15:26 -
Powell Makes it Clear: The Federal Reserve Has No Intention of Holding Bitcoin, Nor Has It Sought Legal Changes
Powell Makes it Clear: The Federal Reserve Has No Intention of Holding Bitcoin, Nor Has It Sought Legal ChangesFederal Reserve Chairman Jerome Powell recently provided a definitive answer regarding whether the Fed would hold Bitcoin. In an interview on December 19th, when asked about the possibility of including Bitcoin in its reserve assets, Powell directly stated that the Federal Reserve is currently not permitted to own Bitcoin, and the institution has never sought to amend any relevant laws or regulations to allow for such holdings...
Blockchain 2024-12-19 04:54:01 -
iPhone 17 Pros Design Overhaul: Goodbye Cooktop, Hello Splice, as Horizontal Camera Arrangement Deemed Infeasible
iPhone 17 Pros Design Overhaul: Goodbye Cooktop, Hello Splice, as Horizontal Camera Arrangement Deemed InfeasibleRecent leaks regarding the iPhone 17 Pro's design have sparked considerable online buzz, with numerous renders and speculations circulating. The most prominent claims include a "six-year design revolution" and a controversial horizontal triple-camera arrangement...
Mobile Internet 2024-12-19 00:41:17 -
The Small-Screen Smartphone Market Explodes in 2024: A Lineup of Flagship and Mid-Range Models Ready to Launch
The Small-Screen Smartphone Market Explodes in 2024: A Lineup of Flagship and Mid-Range Models Ready to LaunchThe small-screen smartphone market has seen a resurgence, with straight-screen designs becoming the norm, appealing to consumers who value compact and portable devices. Just a few years ago, small-screen phones were scarce...
Mobile Internet 2024-12-18 22:55:19 -
The iPhone 17 Pro Max: A Perfect Fusion of Horizontal Triple Camera, Aluminum Body, and the A19 Chip
The iPhone 17 Pro Max: A Perfect Fusion of Horizontal Triple Camera, Aluminum Body, and the A19 ChipThe rapid advancement of Chinese smartphone manufacturers has injected unprecedented competitive pressure into the mobile phone market. Overseas brands, especially Apple, are feeling this pressure acutely...
Mobile Internet 2024-12-18 22:53:43 -
Huawei Pura80: Kirin 9020 Power, OmniVision OV50K Sensor, 5600mAh Battery, and Straight/Slightly Curved Screen Options
Huawei Pura80: Kirin 9020 Power, OmniVision OV50K Sensor, 5600mAh Battery, and Straight/Slightly Curved Screen OptionsHuawei, after a successful 2023 with several flagship releases, is already setting its sights on 2024. The highly anticipated Huawei Pura80 has recently leaked, revealing key specifications and generating significant buzz...
Mobile Internet 2024-12-18 21:57:51 -
Sichuan Gezhen Technology Applies for Blockchain-Based Seismic Isolation Bearing Traceability Patent to Enhance Building Safety and Management Efficiency
Sichuan Gezhen Technology Applies for Blockchain-Based Seismic Isolation Bearing Traceability Patent to Enhance Building Safety and Management EfficiencyOn December 18, 2024, the State Intellectual Property Office of China revealed that Sichuan Gezhen Technology Co., Ltd...
Blockchain 2024-12-18 20:36:01
