据华尔街日报，特朗普表示可能在年底前宣布下一任美联储主席提名人选，以接替将于明年 5 月任满的 Jerome Powell。五名候选人包括现任理事 Christopher Waller 和 Michelle Bowman、国家经济委员会主任 Kevin Hassett、前理事 Kevin Warsh 以及贝莱德高管 Rick Rieder。据此前公开报道与过往发言，这五位 候选人均对加密货币持友好态度。 来源：市场资讯 （来源：吴说） ...

Group 1 - President Trump signed a pardon for Changpeng Zhao, founder and former CEO of Binance, who had pled guilty to money laundering charges in 2023 [1][2] - The pardon may allow Binance to return its base of operations to the U.S. and could act as a bullish catalyst for the cryptocurrency market in 2026 [2][5] - Zhao expressed gratitude for the pardon and aims to help make America the "Capital of Crypto," indicating ongoing support for crypto initiatives [4][5] Group 2 - The pardon is seen as a bullish indicator for the crypto market, reflecting strong support from the Trump administration for the cryptocurrency industry [5][6] - Following the pardon, there has been a recovery in the crypto market, with Bitcoin up approximately 3.5%, Ethereum up about 5%, and XRP up 8.5% [6][7] - The pardon could enhance valuations in the crypto space, although other factors will also influence prices [7]

Market Performance - The U.S. stock market opened with all three major indices rising, reaching new historical highs, with the Nasdaq index up nearly 1.5% and both the Dow Jones and S&P 500 indices up over 0.5% [1][2] - The Nasdaq Golden Dragon Index and the Wind China Concept Stock Index both increased by approximately 2%, with notable gains in Chinese stocks such as Baidu (up over 5%), JD.com (up nearly 3%), and Alibaba (up nearly 2%) [3][4] Technology Sector - Qualcomm led the tech sector with a significant increase, rising over 20%, marking its largest intraday gain since 2019, driven by the launch of AI chips to compete with Nvidia [3] - Other tech giants like Intel, Nvidia, Google, Amazon, and Microsoft also saw substantial gains, with Intel's market cap exceeding $190 billion [3] Currency and Commodities - The offshore RMB appreciated against the USD, rising over 200 basis points, while the A50 index increased by about 1.2% [4] - Gold prices fell below $4000 per ounce for the first time since October 10, with a daily decline exceeding 3%, and silver prices also dropped significantly [4][5] Cryptocurrency Market - The cryptocurrency market experienced a significant increase in trading volume, with Bitcoin's trading volume rising by 78.21% and Ethereum's by over 50%, despite over 125,000 traders facing liquidation, amounting to over $400 million [6][7] - The People's Bank of China emphasized the need to combat virtual currency trading and speculation, highlighting the risks associated with stablecoins and their regulatory challenges [8]

Core Viewpoint - The U.S. stock market saw a collective rise in cryptocurrency and quantum computing concept stocks, indicating positive market sentiment in these sectors [1] Group 1: Cryptocurrency Stocks - Robinhood, BMNR, and SBET stocks rose over 4% [1] - Strategy, Bitfarms, and IREN stocks increased by more than 3% [1] Group 2: Quantum Computing Stocks - IONQ and QBTS stocks surged over 5% [1] - RGTI, QUBT, and ARQQ stocks experienced an increase of more than 4% [1]

Core Insights - Ant Group's recent trademark registration for "AntCoin" in Hong Kong signals its ambitions in the Web3 space and raises speculation about a potential cryptocurrency launch [1][2][4] - The trademark application covers a wide range of financial services, including traditional banking, lending, foreign exchange, blockchain applications, stablecoin management, and customer loyalty programs [2][4] - The timing of this announcement coincides with the upcoming Hong Kong FinTech Week, where Ant Group's leadership will engage with key financial figures, further amplifying market speculation [3][4] Strategic Intent - Ant Group aims to bridge its extensive Alipay ecosystem with the evolving Web3 economy in Hong Kong, potentially allowing millions of users to access digital assets seamlessly [2][4] - The company has been actively researching Hong Kong's new stablecoin issuance regulations, indicating thorough legal and compliance preparations for its potential cryptocurrency business [4][10] Regulatory Challenges - Despite its ambitions, Ant Group faces significant regulatory uncertainties from mainland China, which has expressed concerns over private enterprises issuing currencies that could challenge the state-backed digital yuan [7][10] - Previous plans for Ant Group and JD.com to issue a stablecoin linked to offshore RMB were halted due to government intervention, highlighting the regulatory landscape's impact on their strategies [7][10] Conclusion - The registration of "AntCoin" represents a strategic move by Ant Group, indicating its commitment to exploring Web3 and digital finance despite regulatory pressures [10] - This initiative positions Ant Group as a potential leader in the transition of cryptocurrency into mainstream finance, making it a focal point for future developments in the industry [10]

Market Overview - The Hong Kong stock market showed positive momentum with the Hang Seng Index rising by 1.05% to close at 26,433.7 points, with a total trading volume of HKD 2,670.77 million [1] - The rebound in the market is attributed to easing trade tensions between China and the U.S., which has led to an improvement in market sentiment [1] Blue-Chip Stocks Performance - WuXi AppTec (02359) saw a significant increase of 4.07%, closing at HKD 115, contributing 3.09 points to the Hang Seng Index. The company reported a revenue of RMB 32.86 billion for the first three quarters of 2025, up 18.6% year-on-year, and a net profit of RMB 12.076 billion, up 84.84% [2] - Other notable blue-chip performances include Baidu Group-SW (09888) rising by 6.2% to HKD 125.1, and Semiconductor Manufacturing International Corporation (00981) increasing by 3.5% to HKD 82.8 [2] Sector Highlights Technology Sector - Major technology stocks experienced gains, with Baidu rising over 6%, Alibaba up over 3%, and Tencent increasing by 2.9% [3] - Cryptocurrency-related stocks surged following a preliminary agreement between the U.S. and China on tariffs, with Bitcoin surpassing USD 115,000 [3] Semiconductor Sector - Semiconductor stocks saw a strong performance, with InnoCare Pharma (02577) increasing by 12.73% and SMIC (00981) rising by 3.5% [4] - The global memory market is experiencing price increases, with major companies like Samsung and SK Hynix raising contract prices by up to 30% [4] Pharmaceutical Sector - The pharmaceutical sector showed strong performance, with companies like Zai Lab (06127) and WuXi AppTec (02359) reporting significant gains [4][5] - WuXi AppTec's optimistic revenue growth forecast for 2025 reflects a robust outlook for the CRO sector [5] Nuclear Power Sector - Nuclear power stocks performed well, with Harbin Electric (01133) rising by 11.44% and China National Nuclear Power (02302) increasing by 10.53% [6] - The Chinese government's focus on nuclear fusion as a future economic growth point is driving interest in this sector [6] Copper Industry - The copper sector saw widespread gains, with China Molybdenum (03993) increasing by 5.19% and Jiangxi Copper (00358) rising by 4.35% [6][7] - Market sentiment regarding copper prices is improving, with expectations of tighter supply in the coming year [7] Notable Stock Movements - Huaxin Cement (06655) rose by 10.23% after reporting a revenue of RMB 25.033 billion for the first three quarters of 2025, a year-on-year increase of 1.27% [8] - Baidu Group-SW (09888) is transitioning its valuation logic towards AI, with its current price reflecting a significant undervaluation of its core business [9] - GAC Group (02238) reported a revenue decline of 10.49% year-on-year, resulting in a net loss of approximately RMB 4.312 billion [11]

Group 1 - Ferrari is entering the cryptocurrency market through an innovative digital token program aimed at attracting tech-savvy young affluent individuals [1] - The token will allow top collectors to bid for ownership of the 499P race car, which has won the Le Mans 24-hour endurance race three times [1] - The project is part of a broader trend in the luxury goods sector, as brands seek to engage with the rapidly growing wealth of young tech entrepreneurs [1] Group 2 - Ferrari has previously taken steps into the cryptocurrency space by accepting Bitcoin, Ethereum, and USDC stablecoin as payment for car purchases in the US and Europe [1] - The token issuance will be in collaboration with Italian fintech company Conio, targeting a select group of 100 core customers in the Hyperclub [1] - The project is set to launch in conjunction with the 2027 World Endurance Championship season [1] Group 3 - Conio is currently applying for relevant licenses based on new EU cryptocurrency regulations, indicating growth potential in this sector [2] - The cryptocurrency market has seen a recent surge in prices, with Bitcoin increasing by 60% over the past year, driven by notable figures including former President Trump [2] - Regulatory warnings highlight potential risks associated with lack of oversight and speculative trading in the cryptocurrency market [2]

Group 1: Shift from Unipolar to Multipolar World - The global power distribution has significantly changed from a unipolar world dominated by the U.S. to a multipolar one, with emerging markets gaining influence [1][2] - In 2023, China's nominal GDP reached 16.83% of the global total, comparable to the EU, and significantly reduced the gap with the U.S. [1] - The rise of emerging economies, particularly China and India, has altered the global economic landscape, with India becoming the fifth-largest economy [1][2] Group 2: Changes in Global Trade Dynamics - China has become the world's largest goods trader, with its share of global merchandise exports rising to approximately 15% by 2024, while the U.S. share has decreased to under 9% [2] - The Regional Comprehensive Economic Partnership (RCEP) has formed the largest free trade area globally, competing with the U.S.-led Trans-Pacific Partnership (TPP) [2] Group 3: Technological Advancements and R&D - China's R&D expenditure growth rate in 2023 was about 8.7%, significantly higher than the OECD average and the growth rates of the U.S. and EU [3] - By 2022, China's R&D spending as a percentage of GDP reached 2.56%, surpassing the EU's 2.24% but still below the U.S.'s 3.59% [3] Group 4: Decentralization and Cryptocurrency - The rise of the internet and blockchain technology has facilitated a decentralization trend, moving control from centralized authorities to distributed networks [5][6] - The global cryptocurrency market has grown from under $10 million in 2013 to approximately $4.17 trillion, reflecting the increasing adoption of decentralized financial systems [6][7] Group 5: U.S. Dollar Dominance and Challenges - The U.S. dollar remains dominant in international payments, accounting for about 46% of SWIFT transactions and 88% of foreign exchange trading [9][10] - However, the dollar's share in global reserves has been declining, with gold's share increasing from 13.57% in 2000 to 19.13% in 2024 [10] Group 6: Emerging Alternatives to the Dollar - Countries are increasingly using non-dollar currencies for trade settlements, with China leading the trend in using the yuan for energy and commodity trades [17] - The development of stablecoins, particularly those pegged to currencies other than the dollar, is being explored by various nations as a means to reduce reliance on the dollar [18] Group 7: Future of Global Financial Architecture - The global financial system is evolving towards a mixed structure where gold serves as a top-tier value anchor, while major currencies like the dollar, euro, and yuan share influence in the middle layer [19] - The emergence of blockchain-based stablecoins is expected to form a new financial infrastructure at the base level, despite challenges such as liquidity and regulatory issues [19]

Market Overview - The market liquidity and confidence are gradually recovering due to the end of the balance sheet reduction and interest rate cuts, leading to a significant surge in Bitcoin and Ethereum prices [1] - In the last 24 hours, 110,126 individuals were liquidated, with a total liquidation amount of $450 million [1] Bitcoin Analysis - Bitcoin has shown a bullish trend with a daily upward movement, breaking through resistance levels and standing above the EMA20 moving average, indicating the end of a correction phase [2] - The first aggressive short-term support for Bitcoin is at $113,388, with a second extreme support at $110,688, suggesting a strategy of buying on dips [2] - The pressure level above $115,900 is identified as a potential shorting point, with $118,400 being a critical area for bearish pressure [5] Ethereum Analysis - Ethereum has reversed its trend after two months of weakness and is expected to lead the market moving forward, with a short-term pressure level at $4,255 [4][7] - If Ethereum does not fall below $4,100, it is anticipated to continue its upward trajectory, potentially reaching $4,380 to $4,400 [7] Dogecoin Outlook - Dogecoin is expected to rise after a sufficient accumulation period, with a strong resistance level around $0.32 [9] HYPE Developments - HYPE has broken through its supply line and is experiencing strong upward movement, with plans to launch a new HYPE treasury company to raise several hundred million dollars for purchasing and staking HYPE [10] - The upcoming HYPE ETF is expected to attract traditional institutional investors by being included in a new S&P cryptocurrency index fund [10] Virtual Market Trends - The weekly candlestick chart shows a bullish engulfing pattern, indicating strong buying pressure, which suggests a high probability of continued upward movement after short-term adjustments [12] ZEC Performance - ZEC, a privacy coin, is nearing historical highs with significant upward momentum, indicating that guessing market tops could be risky [14] PAYAI and Related Coins - PAYAI is positioned as a key player in the x402 transaction volume market, with a market cap of $56 million, indicating potential for long-term sustainability in the crypto space [16][17] - The market for PAYAI is still in its early stages, and its market cap could determine the longevity of the sector [17] CHEEMS Situation - CHEEMS experienced a sudden drop due to B exchange halting withdrawals, leading to market panic, but it is expected to rebound after a brief sell-off [17]

受中美经贸形成了初步共识利好影响，港A两地市场同步上涨。港股恒生科技指数一度大涨至2%，最 终收涨1.83%，恒生指数、国企指数分别上涨1.05%及1.1%，市场已连续3日反弹。盘面上，大型科技股 普遍上涨助力大市走俏，其在，百度涨超6%，阿里巴巴涨超3%，腾讯、京东涨超2%，快手、美团涨超 1%；半导体股芯片股涨幅居前，龙头中芯国际盘中一度涨超5%，华虹半导体、贝克微皆上涨；加密货 币短线拉升，比特币短线涨幅一度扩大至约2000美元，加密货币概念股集体上涨，核电股全天表现活 跃，手游股、纸业股、苹果概念股、濠赌股、海运股纷纷上涨。另一方面，中资券商股午后持续走弱， 中信证券、广发证券、光大证券等多数转跌，餐饮股、内房股、乳制品股、家电股部分走弱，其中、百 胜中国、小菜园、新城发展、富力地产皆有跌幅。(格隆汇) ...