🇨🇳 China Prepares Massive $1.4 Trillion Stimulus Package!
China’s top legislative body will meet from Nov 4-8, weighing a potential $1.4 trillion fiscal stimulus package to bolster the economy and manage local debt risks. The package could grow if Trump wins re-election, as Beijing anticipates heightened economic pressures. 💰
The plan marks one of the biggest stimulus moves since the pandemic, potentially reshaping China’s economic landscape! 🌐
Arthur Hayes predicts that this flood of new yuan will push Bitcoin to soar, as Chinese citizens use the decentralized asset as a hedge against currency devaluation and rising inflation.🚀
China’s top legislative body will meet from Nov 4-8, weighing a potential $1.4 trillion fiscal stimulus package to bolster the economy and manage local debt risks. The package could grow if Trump wins re-election, as Beijing anticipates heightened economic pressures. 💰
The plan marks one of the biggest stimulus moves since the pandemic, potentially reshaping China’s economic landscape! 🌐
Arthur Hayes predicts that this flood of new yuan will push Bitcoin to soar, as Chinese citizens use the decentralized asset as a hedge against currency devaluation and rising inflation.🚀
🇺🇸 Election Countdown: One Week to Go
Who will win, Trump or Harris?
🐳 - Trump
❤️ - Harris
Who will win, Trump or Harris?
🐳 - Trump
❤️ - Harris
❤1
🇺🇸 TRUMP: 💰 "I would like to wish our great Bitcoiners a Happy 16th Anniversary"
Bitcoin ETF assets have reached 53% of the size of Gold ETFs in the first 10 months of trading. 📊
Currently, $138 billion is held across 35 U.S.-based gold ETFs, while Bitcoin ETFs have attracted over $70 billion in 2024. 💰
It’s worth noting that the first Gold ETFs launched 20 years earlier, back in 2004.
Currently, $138 billion is held across 35 U.S.-based gold ETFs, while Bitcoin ETFs have attracted over $70 billion in 2024. 💰
It’s worth noting that the first Gold ETFs launched 20 years earlier, back in 2004.
This media is not supported in your browser
VIEW IN TELEGRAM
🔥HOUGAN: “I think this is the best single time to invest in #Bitcoin 💰 from a risk adjusted perspective.”
🇬🇧 A British pension fund has invested $2,000,000 in Bitcoin.
Unlike other funds, the fund chose to buy BTC directly instead of investing in crypto ETFs.
Cartwright also announced the launch of the Bitcoin Employee Benefits scheme, which will allow employers to transfer payments in BTC directly into employees' wallets. So far, 5 companies have already expressed interest.
Unlike other funds, the fund chose to buy BTC directly instead of investing in crypto ETFs.
Cartwright also announced the launch of the Bitcoin Employee Benefits scheme, which will allow employers to transfer payments in BTC directly into employees' wallets. So far, 5 companies have already expressed interest.
Spotlight on XRP: 21Shares Files for Spot XRP ETF with the SEC
In a significant development, asset manager 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), following similar applications by Canary Capital and Bitwise.
According to the recent Form S-1 filing, 21Shares aims to list its Core XRP Trust shares on the Cboe BZX Exchange, providing investors with indirect exposure to XRP. Coinbase Custody Trust Company is set to act as the custodian for XRP holdings, should the SEC approve the filing.
The SEC has already greenlit Bitcoin and Ether ETFs but remains undecided on XRP due to Ripple Labs' ongoing legal battles. This includes an appeal over a judge’s ruling that XRP is not classified as a security in programmatic sales on exchanges.
In a significant development, asset manager 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), following similar applications by Canary Capital and Bitwise.
According to the recent Form S-1 filing, 21Shares aims to list its Core XRP Trust shares on the Cboe BZX Exchange, providing investors with indirect exposure to XRP. Coinbase Custody Trust Company is set to act as the custodian for XRP holdings, should the SEC approve the filing.
The SEC has already greenlit Bitcoin and Ether ETFs but remains undecided on XRP due to Ripple Labs' ongoing legal battles. This includes an appeal over a judge’s ruling that XRP is not classified as a security in programmatic sales on exchanges.