Key Points Bitcoin's greatest bull runs have, in the past, coincided with a low federal funds rate. The Federal Reserve could soon cut that interest rate again. This is just one of many factors affecting Bitcoin, but it's a big one. 10 stocks we like better than Bitcoin › In every market, price is one of the main signals, and for the U.S. dollar itself, that signal is the federal funds rate, which is the short-term interest rate the Federal Reserve targets for overnight lending between banks. As ...

Market Overview - US stock market continued to rise on December 5, supported by expectations of Federal Reserve interest rate cuts and positive US-China trade signals, with all three major indices closing higher [1] - The Dow Jones Industrial Average increased by 0.22% to 47,954.99 points, the Nasdaq Composite rose by 0.31% to 23,578.13 points, and the S&P 500 gained 0.19% to close at 6,870.40 points, marking four consecutive days of gains for the S&P 500 [1] Technology Sector Performance - Major US technology stocks mostly rose, with the US Tech Giants Index increasing by 0.20%. Facebook saw a nearly 2% rise, Google over 1%, Microsoft up 0.48%, Amazon up 0.18%, and Tesla up 0.1% [2] - Despite declines in Apple and Nvidia by 0.68% and 0.53% respectively, the overall performance of technology stocks remained strong [2] Chinese Stocks Performance - The Nasdaq Golden Dragon China Index rose by 1.29%, with notable individual stock performances including Baidu up nearly 6%, Xiaomi over 2%, Meituan nearly 2%, and Xpeng, iQIYI, and TAL Education all up over 2% [3] - Dingdong Maicai led the gains among Chinese stocks with an increase of over 11% [3] Mergers and Acquisitions - Netflix announced its agreement to acquire Warner Bros. Discovery for approximately $72 billion [4] - SoftBank is reportedly in talks to acquire AI infrastructure investment company DigitalBridge [4] - Albemarle, the world's largest lithium producer, saw a 5% increase in stock price after UBS upgraded its rating from "neutral" to "buy" and raised the target price from $107 to $185 per share [4] Commodity Market Movements - Gold prices experienced volatility, closing at $4,197.4 per ounce, down 0.26%, after initially rising over 1% [5] - Silver prices, after reaching a historical high, ultimately closed up 2.07% [5] - In the oil market, WTI crude oil futures for January delivery rose by 0.69% to $60.08 per barrel, while Brent crude for February delivery increased by 0.49% to $63.75 per barrel, supported by ongoing geopolitical risks [5] Cryptocurrency Market - The cryptocurrency market faced pressure, with Bitcoin dropping below $89,000, down 3.59% in a single day, and major altcoins like Ethereum and Solana also experiencing declines of over 3% [8] US-China Trade Relations - Positive signals emerged from US-China trade relations, with discussions between Chinese Vice Premier He Lifeng and US Treasury Secretary Yellen focusing on practical cooperation and addressing mutual concerns in the economic field [9] Federal Reserve Interest Rate Expectations - Market attention is on the Federal Reserve's interest rate cut expectations, with the core PCE price index for September at 2.8%, below the expected 2.9%, reinforcing the likelihood of a rate cut next week [10] - The probability of a 25 basis point rate cut next week is at 87%, according to CME's FedWatch tool [10]

格隆汇12月6日｜美股三大指数均小幅收涨，道指涨0.22%，本周累计上涨0.5%；纳指涨0.31%，本周累 计上涨0.91%；标普500指数涨0.19%，本周累计上涨0.31%。大型科技股多数上涨，博通涨超2%，谷 歌、Meta涨超1%，苹果、英伟达跌幅不足1%。存储概念、零售百货涨幅居前，SanDisk涨超7%，美光 科技涨超4%，梅西百货、迪拉德百货涨超2%。加密货币概念、综合油气跌幅居前，Strive跌超7%，英 国石油跌超3%，道达尔、埃尼石油、Circle跌超2%。 纳斯达克中国金龙指数收涨1.3%，本周累涨约0.5%。热门中概股里，百度收涨5.8%，万国数据涨 4.5%，小鹏涨2.7%，新东方涨2.5%，小马智行则跌2.8%，阿特斯太阳能跌3.7%。 ...

12月5日，近期市场焦点集中在核心PCE（个人消费支出核心指数）数据的发布，这一指标是衡量通胀 的重要参考。OEXN认为，若报告显示通胀放缓，将可能降低10年期国债收益率，从而对加密货币形成 支撑，尤其是比特币和以太坊等核心资产。分析师指出，9月份核心PCE预计同比上涨2.9%，连续第55 个月高于美联储2%的目标，但波动率指标显示市场短期恐慌并未加剧，这意味着投资者对加密市场的 整体情绪仍保持相对稳定。 从具体数据来看，据FactSet统计，核心PCE可能上涨至2.9%，仍高于美联储的2%目标，显示通胀仍然 具有"黏性"，可能强化鹰派立场并延缓降息进程。但从市场波动性角度分析，比特币的日内隐含波动率 （BVIV）约为36%，对应24小时价格预期波动仅1.88%，显示投资者对价格短期剧烈波动的预期有限。 OEXN认为，这反映出市场普遍预计美联储即使面对高通胀数据，下周仍可能进行25个基点的降息操 作，市场已提前定价部分利好。 从具体数据来看，据FactSet统计，核心PCE可能上涨至2.9%，仍高于美联储的2%目标，显示通胀仍然 具有"黏性"，可能强化鹰派立场并延缓降息进程。但从市场波动性角度分析，比特币的日 ...

Cryptocurrency Market - Bitcoin is currently held just under $92,000, with traders considering various economic factors including labor data and central bank expectations [1] - The crypto market shows strong resilience, supported by renewed whale accumulation, with ETH whales adding over 450,000 ETH since mid-November [1] - A significant rate cut probability of 93% this month is contributing to buying pressure, with a potential move above $96,000 possibly accelerating Bitcoin's momentum towards $100,000 [1] Asian Markets - Japan's Nikkei 225 fell approximately 1.5%, erasing gains made earlier in the week, while the MSCI Asia Pacific index outside Japan slipped about 0.1% but is on track for a modest weekly gain of around 0.5% [3][4] - Household spending in Japan decreased at the fastest rate in nearly two years in October due to inflationary pressures [4] - The yield on 10-year Japanese government bonds reached 1.94%, the highest since mid-2007, indicating solid demand in recent auctions as investors capitalize on lower bond prices [4] Chinese Markets - Chinese markets displayed mixed results, with the Shanghai Composite down 0.02% and the SZSE Component up about 0.17% [5] - The China A50 index decreased by 0.17%, while DJ Shanghai saw a slight increase of 0.12%, and Hong Kong's Hang Seng index fell by approximately 0.40% [5] European and US Markets - European futures indicated a slightly firmer tone, with DAX futures up about 0.79%, FTSE 100 futures gaining 0.19%, and Euro Stoxx 50 futures adding roughly 0.41% [6] - US stock futures were mixed, with Dow futures down 0.07% and S&P 500 futures up 0.11% [6] - Recent US labor data showed initial jobless claims dropped to the lowest level in over three years, although the Thanksgiving holiday may have influenced the figures [7] Cryptocurrency Prices - Current prices include Bitcoin at $92,387 (down 1.2%), Ether at $3,174 (down 1.1%), and XRP at $2.09 (down 4.6%) [8] - The total cryptocurrency market capitalization stands at $3.22 trillion, reflecting a decrease of 1.3% [8]

据美国商品期货交易委员会（CFTC）网站，该机构代理主席Caroline D. Pham宣布，美国联邦监管市场 将首次在CFTC注册的期货交易所上推出上市现货加密货币产品。Phạm表示，CFTC将通过平衡监管灵 活性与核心原则来保护机构和零售交易者的利益。此次推出现货加密货币交易的决定，是根据总统特朗 普数字资产市场工作组的建议并经过广泛的公众咨询和专家参与作出的。 ...

来源：市场资讯 （来源：吴说） 吴说获悉，美国商品期货交易委员会（CFTC）代理主席 Caroline D. Pham 宣布，美国联邦监管市场将 首次在 CFTC 注册的期货交易所上推出上市现货加密货币产品。Phạm 表示，CFTC 将通过平衡监管灵 活性与核心原则来保护机构和零售交易者的利益。此次推出现货加密货币交易的决定，是根据总统数字 资产市场工作组的建议并经过广泛的公众咨询和专家参与作出的。 ...

Crypto treasuries are exploring ways to generate a yield from their assets. Credit: fauxels via Pexels. Key Takeaways The original digital asset treasury (DAT) model, pioneered by MicroStrategy, involves buying and holding cryptocurrencies. But in a competitive landscape, modern crypto treasury companies are chasing higher returns. Strategies include DeFi yield farming, active token management, and hedging to protect against market downturns. Ever since Michael Saylor steered MicroStrategy (now kn ...

来源：金石随笔 12月4日消息，今年前三季度可以说是大牛市行情，公募、私募们赚的是盆满钵满。公募来说，金石随 笔统计wind数据发现，今年以来有760只基金收益超50%，收益超30%的有2475只。 | 519133.OF | 用品造成年整功 | *** | 60.12% | 44.32% | 66.6376 | 31,45% | 3.0.34% | 180:2282 | 65.07% | -14.7 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 005109.OF | 工安多情感A | *** | 50.08% | 39.13% | 47.07% | 48.40% | 107,89% | 191/2282 | 65.03% | -14. | | 588700.0F | 情时时创板人工智能ETF | - | 50.07% | - | 44 | .. | 50.10% | 254/2828 | 55.02% | -25.3 | | 013552.OF | 工作基层长波完A | ***** | 50.06% | 48 ...

Group 1 - Major U.S. stock index futures showed mixed results, with Dow futures up by 0.06%, while S&P 500 and Nasdaq futures fell by 0.01% and 0.06% respectively [1] - Chinese concept stocks mostly rose in pre-market trading, with notable increases from companies like Baidu (up 1.19%), Li Auto (up 1.77%), Bilibili (up 3.01%), NIO (up 3.34%), and Xpeng Motors (up 3.86%) [1] - Coinbase is collaborating with several major U.S. banks to advance pilot projects focused on stablecoins, custody services, and trading, indicating a growing acceptance of digital assets on Wall Street [1] Group 2 - Rio Tinto has raised its copper production target for 2025 to between 860,000 and 875,000 tons, up from a previous forecast of 780,000 to 850,000 tons, and announced a business restructuring to focus on three core areas: iron ore, copper, and aluminum and lithium [2] - The European Commission is planning a new antitrust investigation into Meta regarding the integration of "Meta AI" into WhatsApp, which could impact the company's operations [2] Group 3 - President Trump announced a reduction in fuel economy standards for vehicles produced by U.S. automakers, lowering the requirement to approximately 34.5 miles per gallon from the current standard of 50.4 miles per gallon, which is expected to ease consumer costs [3] - OpenAI's CEO Sam Altman considered acquiring a rocket company to compete with Elon Musk's SpaceX, with potential investments reaching several billion dollars [3] Group 4 - Robotics stocks saw significant gains, with Nauticus Robotics rising by 31.41% and Serve Robotics by 3.14%, following reports of the U.S. government's push to accelerate robotics technology development [4] - Salesforce reported Q3 earnings of $3.25 per share, exceeding expectations, with revenue growth of 8.6% to $10.3 billion, and raised its revenue forecast for the fiscal year to between $41.45 billion and $41.55 billion [4]