Bloomberg analysts: Expect 35% of GBTC outflows to flow into the other nine SpotBitcoin ETFs

In 2023, the total Market Cap of the crypto ecosystem has more than doubled, up 108% from $832 billion at the beginning of the year. Most of the growth occurred in the fourth quarter, when optimism around the potential approval of SpotBitcoin ETFs heated, resulting in Market Cap rise from $1.1 trillion to more than $1.7 trillion.
In addition, the trading volume of the Crypto Assets market reached $36.6 trillion in 2023, with the growth in the fourth quarter being the most striking, from $6.7 trillion in the third quarter to $10.3 trillion, an increase of 53.1%.

The U.S. Department of Justice and the U.S. Federal Trade Commission (FTC) are in deep discussions about which agency could investigate OpenAI on antitrust grounds, including ChatGPT's creators and Microsoft's (MSFT. O). A few months ago, the FTC began negotiations with the Justice Department to determine who would review the matter, according to three people familiar with the matter. But neither agency is prepared to relinquish jurisdiction, which needs to be resolved before the U.S. government intervenes in the partnership between the two companies, people familiar with the matter said. Over

CITIC Securities research report pointed out that the market's expectations for the economy relative to the policy objectives there is a large room for upward revision, the external macro environment is more moderate, A-shares short-term by the investor mentality and capital behavior of the influence, desensitization to positive policy changes, the market clearing process is slow, as the adjustment is close to the extreme value area, the end of the year and the beginning of the year The inflection point of the market and confidence will be approaching, and actively grasp the market situation a

The Chief Executive of the Hong Kong Monetary Authority (HKMA) responds to the "Financial Centre Heritage Theory": The stock market turnover is still high, and there is no outflow of funds
Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, said on the 17th that some netizens recently claimed that Hong Kong is an "international financial center site", which "has to be laughed at (just laughed)". Mr Yue said that Hong Kong's banking system is the largest among Asia's international financial centres, with higher stock market turnover than neighbouring regions, and Hong Kong is also A

Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, said in a radio program today that the US Federal Reserve is not expected to cut interest rates until after the middle of next year, and the actual pace will depend on a number of data. He believes that some market participants are overly optimistic about the prediction that interest rates will be cut in February and March next year. Yue Wai-man said that the U.S. interest rate hike curbs the environmental economy, and the market expects that the global economy will decline in the high-interest rate environment next year, and Hong

Recently, the Shenzhen Stock Exchange and the Hong Kong Stock Exchange signed a Shenzhen-Hong Kong market cooperation agreement. The Shenzhen Stock Exchange and the Hong Kong Stock Exchange have introduced the Hong Kong stock market into the Shenzhen Stock Exchange's data center through the cooperation between the two stock exchanges, and Shenzhen Securities Communication Co., Ltd. and Shenzhen Securities Information Co., Ltd., the subsidiaries of the Shenzhen Stock Exchange, will respectively provide Hong Kong stock market forwarding and SDK services to mainland users, so as to provide the ma

From December 15th to 16th, the Shenzhen Stock Exchange, the Hong Kong Stock Exchange and the Guangzhou Futures Exchange jointly held the 2023 Greater Bay Area Exchange Technology Conference with the theme of "Technology Leading, Digital Intelligence Empowerment". Li Chao said that he hopes that all parties will work together to continuously enhance the ability of digital technology to serve the real economy, focus on improving the independent and controllable ability of core technologies, attach great importance to scientific and technological innovation and risk prevention, give full play to

The 8th New Finance Forum was held in Beijing on December 16, 2023. Lu Xin, deputy director of the Office of the State Information Center, attended and delivered a speech. Lu Xin pointed out that it is necessary to attach great importance to the security of financial data. In the era of digital economy, data abuse and personal privacy security issues have become very prominent. Currently, there is also an ambiguous area of data misuse and privacy violations. The financial information system carries a large amount of personal sensitive data, and in recent years, all parties have attached great

Three U.S. presidential candidates (entrepreneur Vivek Ramaswamy, former Arkansas Governor Asa Hutchinson, and Democratic Rep. Dean Phillips) called for the creation of a clear regulatory framework for crypto at an industry conference, with each candidate giving speeches on cryptocurrency policymaking, and their views focused on establishing a unified regulatory framework, including limiting the powers of federal regulators, Crypto education for policymakers and protection of developers from criminal charges.

Simon Harvey, head of FX analysis at Monex Europe, said in a research note that data showed headline inflation in the U.S. fell only slightly to 3.1% y/y in November, which did little to suggest that the Fed could cut interest rates early next year, and the dollar subsequently recovered most of its earlier losses. The data all but confirmed that the Fed would maintain its more cautious policy guidance, so traders bought back the dollar. However, the fact that the US dollar has only recovered its previous losses suggests that most traders are still waiting for new guidance from the Fed at this

U.S. November inflation fell slightly short of expectations, sparking an early attempt at a rebound in oil prices, pushing U.S. oil futures below $70 a barrel and erasing gains made late last week and yesterday. CPI rose 0.1% m/m, higher than expectations of 0%. Mizuho Bank's Robert Yawger said: "The CPI report lowered expectations for an early rate cut by the Fed, which in part means that the economy will have a hard landing... Demand is more likely to be undermined. He added that the market is waiting for the EIA to release its short-term energy outlook, which could also have some impact.

A survey released by the New York Fed on Monday showed that U.S. consumers' near-term inflation expectations fell to their lowest level since April 2021 in November. Median inflation expectations for the year ahead fell to 3.4% from 3.6% in October, the second consecutive month of decline. Inflation expectations for the next three years and the next five years are stable at 3% and 2.7%, respectively.

OpenAI will fix the problem of GPT4 becoming lazy
OpenAI received complaints from some users last week, with many users claiming that they encountered a series of problems such as slow responses, perfunctory answers, refusal to answer, and interrupted sessions when using ChatGPT or GPT-4 APIs. OpenAI acknowledges this fact and claims that it will fix the problem thoroughly and properly.

The Politburo meeting of the CPC Central Committee held on December 8 proposed that a prudent monetary policy should be flexible, moderate, precise and effective. Experts say that this means that monetary policy will pay more attention to the precision and effectiveness of policy implementation while adhering to a prudent orientation. Judging from the current economic situation, there is both the possibility and necessity of monetary policy in a timely manner, and policy measures such as RRR and interest rate cuts may be implemented in a timely manner, while structural monetary policy tools ar

According to CME's "Fed Watch": the probability that the Fed will keep interest rates unchanged in the range of 5.25%-5.50% in December is 97.1%, and the probability of raising interest rates by 25 basis points is 2.9%. The probability of keeping interest rates unchanged by February next year is 93.2%, the probability of a cumulative rate cut of 25 basis points is 4%, and the probability of a cumulative rate hike of 25 basis points is 2.8%.

State security organs, in conjunction with relevant departments, are to carry out special investigations and governance of geographic information data security risks

According to CryptoSlate, growing investor interest in the Web3 gaming space has led to a significant spike in the price of gaming tokens in recent weeks. The game has outperformed other areas of the cryptocurrency market, with an 800% increase in value over the past few months. Industry experts believe that gaming is a key factor in the upcoming bull market, with many projects ready or about to launch.

The Shanghai Municipal Science and Technology Commission issued a notice that the Shanghai 2023 "Science and Technology Innovation Action Plan" blockchain key technology research special project, after project declaration, formal review, expert review and other procedures, is now approved for 14 projects such as "Research on Cross-virtual Machine Collaborative Parallel Computing for Blockchain as a Service", and the Municipal Science and Technology Commission will fund 27.95 million yuan, of which 25.16 million yuan will be allocated in 2023.

Private equity bigwigs are more optimistic about the stock market in 2024. Most private equity bigwigs believe that the current 3,000 points is a better position to increase equity allocation, and the market performance next year will be better than this year. Lin Yuan, chairman of Lin Yuan Investment, recently said that he is firmly optimistic about the investment opportunities in the current market at the bottom of the region. In terms of specific investment opportunities, Lin Yuan believes that under the trend of population aging, it is highly recommended to pay attention to the field of bi