🇺🇸 The Donald Trump administration is preparing to nominate Kevin Warsh as the next chair of the Federal Reserve System, a move that has already lifted Treasury yields and strengthened the dollar
🌍 Western officials expressed concern that the leaders of Russia, China, and India demonstrated rare unity at the SCO summit, which was perceived as a direct challenge to Trump's foreign policy.
🚀 Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry. Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
"Bitcoin had 20% drawdown in a month flat. Pretty nasty. I would have been impressed if 90% of aum hung in there but it was over 100% as they saw inflows. The Boomers hung tough, even tougher than I predicted, and kept the all imp YTD net number at +$15b. Hanging tough during drawdowns is as or more imp then inflows during rallies for long term net assets."
🔈 Fed Chairman Powell said that the disinflation process has resumed, but more confidence is needed to start cutting rates. Inflation could reach the 2% target by the end of 2025 or 2026. The UsDollar rose to 105.67.
😎 According to CNBC, Apple is selling the Vision Pro in China at prices 18% higher than in the US. However, Apple shares have dropped to $210.40.
💸 According to Bloomberg, crypto investors ponder the future post-ETF mania, with inflows dropping 80% in Q2. Despite this, BTCUSD has risen to 63 311.
🌐 According to Bloomberg, the S&P 500 set records 31 times in the first half of 2024, the second-highest in 100 years. US500 has been corrected to 5485.
🇨🇳 China's economy continues to recover, with the actual Manufacturing PMI at 49.5. However, the HK50 has dropped to 17 670.
✈️ On Sunday, Boeing (#BA) announced its acquisition of Spirit AeroSystems for over $4 billion, leading #BA shares to rise to 182.
🛢 Starting July 1st, OPEC+ countries have extended voluntary oil production cuts by 2.2 million barrels per day for the third quarter. As a result, XBRUSD rose to 85.50.
🇫🇷 French CAC 40 futures (FR40) opened +2.8% higher, driven by the strong performance of far-right leaders in the first round of parliamentary elections. FR40 rose to 7696.
⚫️ BlackRock has agreed to acquire UK data provider Preqin in a $3.22 billion deal, enhancing its data capabilities as it expands into private-market investments. Following the announcement, #BLK rose to 787.32.
☄️ Wall Street's $5.5 trillion triple-witching event on Friday, involving the expiration of options tied to indexes, stocks, and ETFs, is expected to test market stability and potentially increase volatility.
🇯🇵 Japan's services activity contracted in June for the first time in nearly two years, with the services index dropping to 49.8 from 53.8 due to higher input costs.
🇨🇦 Canada is preparing potential tariffs on Chinese electric vehicles to align with the US and EU, addressing concerns over China's overcapacity and its impact on local industries.
🇨🇳 The People's Bank of China managed the yuan's decline by setting a stronger-than-expected daily reference rate as the currency fell to its lowest since November.
🇩🇪 German Vice Chancellor Robert Habeck heads to Beijing for talks with Chinese leaders, focusing on avoiding trade tensions over proposed EU tariffs of up to 48% on Chinese electric vehicles.
🍔 McDonald's launches a $5 value meal to attract budget-conscious consumers amid a 40% price increase since 2019, aiming to stay competitive in the fast-food market. McDonalds (#MCDONALDS) shares are up 1.20%.
💬 Amazon is close to finalizing a deal with Banco Santander to offer European consumer financing options, starting in Germany. Shares of Amazon (#AMAZON) are up 1.80%.
👀 Nvidia’s shares, up over 1,000% since October 2022 and valued at $3.2 trillion, leave investors debating whether to cash in or buy more amid soaring AI-driven growth. Nvidia (#NVIDIA) stock is down 3.54% today.
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