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  • 22:24
    Brazil proposes selling seized bitcoin to weaken organized crime networks
    Jinse Finance reported that the Brazilian government has proposed legislation to allow the sale of seized cryptocurrencies (such as bitcoin) in order to dismantle the financial infrastructure of organized crime groups. The proposed law would treat cryptocurrencies as foreign currency and financial securities. This move is part of Brazil's broader efforts to combat organized crime. Meanwhile, the country's central bank is implementing new regulations requiring cryptocurrency companies to obtain licenses and hold capital reserves.
  • 22:24
    The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 59.4%.
    According to Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 59.4%, while the probability of keeping rates unchanged is 40.6%. The probability of a cumulative 25 basis point rate cut by January next year is 51.5%, the probability of keeping rates unchanged is 23.5%, and the probability of a cumulative 50 basis point rate cut is 25%.
  • 22:08
    Perli from the New York Fed says the Federal Reserve will start purchasing assets before long.
    Jinse Finance reported that Roberto Perli of the Federal Reserve Bank of New York stated that the rise in overnight funding costs indicates that bank reserves are no longer ample, and the Federal Reserve "will not take long" to purchase assets in order to maintain an ideal level of liquidity. In remarks prepared for a conference co-hosted by the New York Fed on Wednesday, Perli said that several indicators, including rising money market rates, "strongly suggest that reserves are no longer ample." Perli is responsible for the Federal Reserve's securities portfolio, namely the System Open Market Account (SOMA).
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