Gary Gensler, the current chairman of the US Securities and Exchange Commission (SEC), stated in a recent interview: "I have no opinion on Kalshi's hiring of Trump's son as an advisor for market prediction, but the capital market itself is vast, with a capital market of $120 trillion, whether it is stocks, bonds, or ultimately prediction markets, all are about predicting future cash flows or predicting future opportunities for companies. Therefore, these markets are, in a sense, all about prediction markets, which is also why I am proud of some of the reforms we have made. We have implemented better disclosure of information, ensuring that only meaningful information is disclosed to investors so that they can make their own judgments about the future based on this information."
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US SEC Chairman: No opinion on prediction market Kalshi hiring Trump's son as consultant
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Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.
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Bank of America: Markets will soon digest expectations of a Fed rate cut in January.
Bank of America stated the market may soon price in the Federal Reserve's rate cut expectation in January. (Jin10) -
He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.
He Lifeng, China's lead for China-US economic and trade relations and Vice Premier of the State Council, held a video call with the US leads, Treasury Secretary Janet Yellen and Trade Representative Katherine Tai. The two sides had in-depth and constructive exchanges on implementing the important consensus reached by the Chinese and US heads of state at the Busan meeting and the November 24 call, focusing on carrying out pragmatic cooperation and properly addressing mutual concerns in the economic and trade field. Both sides positively evaluated the implementation of the outcomes of the China-US economic and trade consultations in Kuala Lumpur, stating that under the strategic guidance of the two heads of state, they will continue to make good use of the China-US economic and trade consultation mechanism, continuously extend the cooperation list, reduce the list of issues, and promote the sustained, stable, and positive development of China-US economic and trade relations. -
Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)
Director of the White House National Economic Council, Hassett, stated: He has not discussed the Federal Reserve Chair (candidate) issue with U.S. President Trump and supports Bassett's views on the Federal Reserve Chair. -
White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates
White House National Economic Council Director Hassett stated: It is time for the Federal Reserve to cautiously cut interest rates. -
The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.
yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020. -
Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
social media platform "X" was fined 120 million euros by the European Union for violating content regulations. The European Commission stated that X violated three provisions of the Digital Services Act and gave X 60 days to provide a solution and 90 days to implement it. (Jin10) -
Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink
The CEO of the asset management giant, whose IBIT is the largest of the spot BTC ETFs, said the state actors were buying not for a trade, but to hold for years.
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Balancer DAO Starts Discussing $8M Recovery Plan After $110M Exploit Cut TVL by Two-Thirds
The recovered tokens, spanning multiple networks and assets, will be paid out in the same tokens as originally provided, with a claim mechanism being developed.
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US investors consider crypto less as risk-taking drops: FINRA study
FINRA found the number of people invested in crypto was steady from 2021 to 2024, but fewer were considering either buying more or investing for the first time.
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