欲览更多环球财经资讯，请移步7×24小时实时财经新闻 市场 来源：环球市场播报 1月7日收盘：标普指数创新高，道指首次收在49000点之上 1月7日美股成交额前20：英伟达欲挑战特斯拉等公司的FSD主导地位 1月7日热门中概股涨跌不一 拼多多涨2.97%，阿里巴巴跌3.43% "意愿联盟"达成共识 敲定对乌战后安全保障方案 美国与乌克兰盟友就向战后乌克兰提供安全保障取得进展 油价因供应前景及委内瑞拉产量不确定性而下跌 贵金属、铜期集体走高 COMEX黄金涨超 1% 欧洲股票市场再创新高 诺和诺德带动医疗保健股上涨 宏观 美最高法院定于9日就关税问题作出裁决 特朗普：若输中期选举，我可能被弹劾 特朗普政府正在讨论获取格陵兰岛的方案 包括军事选项 白宫：特朗普考虑动用美军夺取格陵兰岛 美国特使威特科夫：就乌克兰安全保障框架取得"重大进展" 美以叙三方就巴黎会谈发表联合声明 委内瑞拉代总统称没有任何外部势力在治理该国 公司 马斯克旗下xAI完成200亿美元融资 投资者中包括英伟达 黄仁勋等英伟达高管齐发积极信号 看好公司营收比预测更加乐观 英特尔正打造掌上游戏专属平台，含定制芯片 苏姿丰：人工智能并非取代人类，而是 ...

随着特朗普政府与证券交易委员会(SEC)推动市场开放，美国投资者可能很快有机会接触到更多与私人信贷、 加密货币等资产类别相关的投资产品。一些投资顾问表示，这一变化将过多保护自身权益的责任置于个人投 资者身上。 在SEC主席保罗·阿特金斯的领导下，白宫和 SEC 都支持为投资者提供更多选择，以便利用某些可提供高回报 的资产类别。 白宫和SEC主席保罗·阿特金斯领导的部门都主张为投资者提供更多选择，以涉足一些可能带来高回报的资产 类别。但一些理财顾问提醒他们的客户，特别是那些通常投资股票和债券的客户，可能无法完全理解目前已 经开始涌现、且市场分析师预计将在2026年增加的新产品。 乔治亚州迪凯特市的注册投资顾问公司VIPWealthAdvisors的创始人马克·斯坦卡托表示："负面事件会发生， 届时人们会说，等等，我没意识到我承担了这样的风险。"他担心投资者难以做出明智决策，尤其是在评估退 休资产时。 美国劳工部发言人表示，将针对向退休投资者提供私人资产及其他替代资产的最佳实践方案，制定相关的规 则和指引。 "散户"承担更多风险，还是获得更多回报？ 特朗普政府在 8 月宣布，计划让个人投资者更容易接触到私人信贷和 ...

Group 1 - The cryptocurrency ETFs have experienced significant declines, with Bosera Ether (03009) down 6.2% to HKD 2.238, Huaxia Ether (03046) down 5.89% to HKD 6.955, Huaxia Bitcoin (03042) down 4.39% to HKD 10.46, and Harvest Bitcoin (03439) down 4.37% to HKD 10.51 [1] - Bitcoin saw a drop of 3.3% to USD 85,578, which is approximately 30% lower than its record high of over USD 126,000 [1] - Analysts indicate that the recent decline highlights the market's pressure in an environment of weak liquidity and decreased risk appetite, despite the Federal Reserve's interest rate cut last week failing to revive momentum in digital assets [1]

据了解，代币化资产指的是现实世界资产或金融资产在区块链(一种数字账本)上的数字化表现形式。尽 管它们不代表对资产本身的直接索取权，但支持者认为，这一过程将增加流动性，支持资产的碎片化所 有权，并可能使海外投资者更容易进入美国市场。上周，代理主席Caroline Pham宣布，受CFTC监管的 交易所可以开始在衍生品交易所交易现货加密货币。 智通财经APP获悉，加密货币ETF逆势上扬，截至发稿，嘉实以太币(03179)涨6.06%，报7.875港元；华 夏以太币(03046)涨6.03%，报7.83港元；博时以太币(03009)涨5.88%，报2.52港元；嘉实比特币(03439) 涨2.53%，报11.34港元。 消息面上，美东时间12月8日盘后，美国商品期货交易委员会(CFTC)发布公告，宣布启动衍生品市场代 币化抵押品数字资产试点项目。此项以试点项目形式推出的举措，是以两份工作人员建议书和一份发送 给Coinbase金融市场的无异议函的形式发布的，适用于期货经纪商、互换市场参与者和清算所。关于抵 押品的指引还包含了美国国债和货币市场基金的代币化版本，并对资产隔离、报告和监控提出了明确要 求。 （原标题：港 ...

Core Viewpoint - SEC Chair Paul Atkins indicated that many types of ICOs should be classified as non-securities transactions, thus falling outside the SEC's regulatory jurisdiction [1][2][5] Group 1: Token Categories - Atkins introduced a token taxonomy categorizing the crypto industry into four general token categories, arguing that three of them—network tokens, digital collectibles, and digital tools—should not be considered securities [1][2][5] - The only category that the SEC should regulate pertains to tokenized securities, which are representations of securities already regulated by the SEC [2][5] Group 2: Regulatory Implications - Atkins' comments suggest a potential resurgence of ICOs, as most crypto tokens would likely not be regulated by the SEC, shifting oversight to the CFTC [5][6] - Tokens that are linked to decentralized blockchain networks, reference internet memes or trends, or provide practical functions like tickets or memberships could be considered non-securities [6][7] Group 3: Historical Context - ICOs gained popularity during the crypto boom of 2017 but faced regulatory scrutiny from the SEC, which took action against numerous ICO issuers for selling unregistered securities [4]

智通财经APP获悉，Vanguard周二首次允许客户在其券商平台上购买由第三方管理的加密货币ETF，恰逢近期遭 重挫的数字资产市场出现反弹。该举措最先由媒体报道，随后得到公司确认。Vanguard表示，客户如今可通过其 平台购买贝莱德旗下的iShares比特币信托基金（IBIT.US）等多只加密货币ETF与共同基金。 除比特币外，与以太坊和瑞波币挂钩的ETF也同步开放交易。媒体援引Vanguard经纪与投资业务负责人称，这些 加密货币ETF和共同基金在市场波动阶段表现"符合设计初衷"，能够在高波动环境下正常运作。 尽管此次向客户开放加密类产品，Vanguard强调，公司目前仍无推出自家加密货币产品的计划，其目标仅是为投 资者提供更开放的交易渠道，让客户能够自由配置其偏好的资产。TeraHash比特币收益协议联合创始人Hunter Rogers评论称，此举"可能加速加密货币在多元化投资组合中的进一步合法化"，但同时指出Vanguard过去曾批评 加密资产"具有投机性，不适合作为长期配置"。Rogers认为，客户需求的快速增长是Vanguard选择迈出这一步的 主要原因。 与此同时，受市场情绪改善带动，美股周二同 ...

即便在近期加密货币整体价格大幅向下调整之后，与加密货币相关的ETF仍然是美国基金管理行业历史 上增长速度最快的细分领域之一。加密货币多头们往往将先锋集团的"投降"式允许举措视作心理上的看 涨燃料，在他们看来，这最新一次迹象表明，传统金融机构的客户们已无法再抵挡比特币、以太坊等数 字资产的"强大引力"。 "加密货币ETF和共同基金已经在市场波动期间经受住了多次重大考验，证明能够在保持流动性的同时 按设计正常经营。"先锋集团经纪与投资业务主管安德鲁·卡杰斯基(Andrew Kadjeski)在采访中表示。"服 务此类基金所需的行政流程已日趋成熟;而投资者们偏好也在持续演变。" 智通财经APP获悉，资产管理规模仅次于贝莱德的全球第二大资产管理公司先锋集团(Vanguard Group) 已决定，允许主要持有加密货币的ETF产品以及共同基金在其大型资管平台上交易，这标志着其对于加 密货币长期以来的谨慎立场的重大逆转。 先锋集团(Vanguard Group)是全球第二大资管巨头，管理约10万亿美元以及约5000万证券资产客户，资 管规模在全球范围内仅次于贝莱德，之前一直公开拒绝提供任何比特币或加密相关ETF的交易渠道 ...

Core Viewpoint - The door for Chinese companies to list in the U.S. has reopened after being closed for seven months due to regulatory disputes between China and the U.S. [1] Group 1: Background of the Situation - The previous freeze was caused by tensions between China and the U.S., primarily over the U.S. demand to inspect the audit papers of Chinese companies, which China deemed a national security issue [2][4]. - Additionally, new regulations in China required companies to obtain approval from the China Securities Regulatory Commission (CSRC) before listing abroad, leading to a halt in applications since April [3][4]. Group 2: Current Developments - A recent agreement between China and the U.S. in October has provided a mutually acceptable method for inspecting audit papers, alleviating the major crisis of potential delisting [5]. - The CSRC has resumed processing applications, signaling a restart of the listing process for companies that had been waiting [5]. Group 3: New Listing Requirements - Companies seeking to list in the U.S. now face stricter requirements from both the CSRC and U.S. exchanges like NASDAQ: - The CSRC will conduct thorough checks on the company's ownership structure, shareholder backgrounds, business scope, and data security practices [5]. - NASDAQ has raised the minimum fundraising requirement for initial public offerings (IPOs) to $25 million, up from no hard requirement previously [5][9]. Group 4: Opportunities for Companies - Despite the increased scrutiny, the reopening of the listing process presents opportunities for companies that are in urgent need of capital, particularly in sectors like biotechnology and technology [5]. - Companies with straightforward business models, such as SPACs, are also well-positioned to take advantage of the new environment [5]. Group 5: Market Context - The U.S. government has resumed liquidity injections into the market following the end of a government shutdown, creating a favorable environment for new listings [6]. - The reopening of the listing process is seen as a strategic opportunity for companies that can meet the new requirements and are looking for international market recognition [6][7]. Group 6: Proposed Changes in NASDAQ Rules - NASDAQ has proposed new rules that include: - Increasing the minimum public float for companies listing based on net profit from $5 million to $15 million [9]. - Accelerating delisting procedures for companies with market values below $5 million [9]. Group 7: Listing Pathways - Companies can consider various pathways for listing, including direct IPOs, SPAC mergers, and reverse takeovers [10]. - The direct IPO process involves several key stages, including preparation, submission of registration documents, roadshows, and final pricing [11][14]. Group 8: Strategic Recommendations - Companies should reassess their fundraising strategies in light of the new $25 million minimum requirement and consider alternative markets such as the New York Stock Exchange or Hong Kong Stock Exchange [15][17]. - For smaller companies that may struggle to meet the new IPO requirements, exploring SPAC mergers could provide a viable alternative for going public [18].

智通财经APP获悉，本季度美国新股上市的回报率已显著萎缩，而加密货币暴跌使得该领域近期的IPO 成为受创最重的板块之一，这为Grayscale Investments、BitGo Holdings等企业在短期内上市设定了更高 的门槛。数据显示，排除封闭式基金和空白支票公司等特殊目的载体后，本季度募资额超过5000万美元 的美国IPO股票平均下跌5.3%，而同期标普500指数上涨0.9%。其中，今年完成上市的五家加密货币公 司本季度平均跌幅达31%。 10月初开始的加密货币价格暴跌，已使数字资产总市值蒸发超过1万亿美元，但即便在此之前，加密货 币IPO的市场反馈也参差不齐。具体而言，9月以28美元发行价上市的加密货币交易所Gemini Space Station(GEMI.US)股价在第三季度已下跌14%。EToro Group(ETOR.US)的股价表现更差，从5月上市到9 月30日下跌超过20%。即便是在暴跌前表现稳健的公司也未能幸免。8月上市、由Tom Farley领导的机构 型加密交易所Bullish(BLSH.US)自10月初以来股价已回落38%。 6月上市的稳定币发行商Circle(CRCL.US) ...

Core Viewpoint - The article highlights a significant divergence in investor behavior between the cryptocurrency and stock markets, with retail investors selling off substantial amounts of cryptocurrency while actively buying stocks, indicating a differentiated view of these asset classes [1][4][5]. Cryptocurrency Market Summary - Retail investors have sold approximately $4 billion worth of spot Bitcoin and Ethereum ETFs since November, surpassing the previous monthly record set in February [1][6]. - Bitcoin's price has fallen below its estimated production cost of $94,000 for the first time since July 2020, indicating a loss of support from mining costs [9]. - The sell-off in the cryptocurrency market has been primarily driven by non-native cryptocurrency investors, particularly retail investors using spot ETFs [6][12]. - The adjustment in the cryptocurrency market has seen a shift from native investors to traditional investors as the main drivers of market movements [9][12]. Stock Market Summary - In contrast to the cryptocurrency market, retail investors have shown strong enthusiasm for buying stocks, with a net inflow of $96 billion into global stock ETFs as of November 18, 2023 [4][12]. - The projected total net inflow for stock ETFs in November could reach $160 billion, maintaining the momentum seen in September and October [4][12]. - Retail investors are treating stocks and cryptocurrencies as distinct asset classes, as evidenced by their selective investment strategies [15]. MicroStrategy Risk Analysis - MicroStrategy, a major holder of Bitcoin, faces significant risks of being removed from key indices like MSCI, which could trigger up to $8.8 billion in passive fund outflows [5][20][23]. - The company's market capitalization is estimated at $59 billion, with approximately $9 billion attributed to passive funds tracking major indices [19]. - If removed from these indices, MicroStrategy's valuation premium could be severely impacted, potentially leading to a ratio of its market value to Bitcoin holdings approaching 1, indicating a loss of operational valuation [21][23].