1. Yesterday, the net inflow of the US Bitcoin spot ETF was $49.1 million, while the net outflow of the Ethereum spot ETF was $19.4 million.
2. According to Reuters, the results of this index annual adjustment confirm that Strategy has not been removed, and its position will be retained after the new round of adjustments takes effect. However, it still faces the risk of being removed by MSCI.
3. Data: The holdings of major Bitcoin holders are as follows: Public companies: approximately 1.07 million Bitcoins, government agencies: approximately 620,000 Bitcoins, US spot ETF: approximately 1.31 million Bitcoins, exchanges: approximately 2.94 million Bitcoins. These institutions collectively hold approximately 5.94 million Bitcoins, accounting for about 29.8% of the circulating supply, with liquidity increasingly concentrated among institutions and custodians.
4. According to Alternative data, today's cryptocurrency fear and greed index is 23 (yesterday it was 29), returning to the 'extreme fear' range.
5. Kazakhstan is advancing its national cryptocurrency and blockchain layout with Solana as the core.
6. Trump: prefers Walsh or Hassett to lead the Federal Reserve, with interest rates not expected to exceed 1% in a year.
7. The U.S. Office of the Comptroller of the Currency (OCC) has conditionally approved the trust bank licenses for Ripple, BitGo, Fidelity Digital Assets, Paxos, and Circle. They can apply for a Federal Reserve master account, accelerating clearing and access to the traditional financial system, further promoting the integration of cryptocurrency and traditional finance.
8. There are still differences in the U.S. cryptocurrency market structure bill, which may be postponed until January next year.
9.
Although the Federal Reserve cut interest rates as expected this week and released more dovish signals than anticipated, the real challenges faced in the field of artificial intelligence have led to a complex divergence in the trends of the U.S. stock and bond markets. The U.S. Department of Labor's reports on non-farm employment, consumer inflation, and retail sales data will be released next week, which may provide a deeper understanding of economic health. Here are the key points the market will focus on in the new week:
On Monday at 21:30, the U.S. December New York Fed manufacturing index;
On Monday at 22:30, Federal Reserve Governor Mulan will give a speech;
On Monday at 23:30, FOMC permanent voting member, New York Fed President Williams will speak on economic outlook;
On Tuesday at 21:30, U.S. November unemployment rate, U.S. November seasonally adjusted non-farm employment population, U.S. October retail sales month-on-month;
On Wednesday at 22:05, FOMC permanent voting member, New York Fed President Williams will deliver an opening speech at the 2025 foreign exchange market structure conference hosted by the New York Fed;
On Thursday at 01:30, 2027 FOMC voting member, Atlanta Fed President Bostic will speak on economic outlook;
On Thursday at 21:30, the U.S. November unadjusted CPI year-on-year/core CPI year-on-year, U.S. November seasonally adjusted CPI month-on-month/core CPI month-on-month; U.S. initial jobless claims for the week ending December 13; U.S. December Philadelphia Fed manufacturing index.
Next week's release of the U.S. CPI data will be a key turning point for the dollar's trend. If the CPI data is lower than expected (the latest data is currently 3%, still above the Federal Reserve's 2% target), it will further confirm the rationale for the Federal Reserve's interest rate cut cycle, and the dollar may face further downward pressure; conversely, it may reverse this trend.
