5 must-read articles for the evening | 13 key figures who shaped America’s future

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1. CPI data at a critical moment: What does the volatility of US stocks mean for the crypto market?

After Trump confirmed his return to the White House, US stocks and the crypto market experienced a week of consecutive gains, but with the surge in US bond yields and the strengthening of the US dollar, the upward trend of US stocks has slowed down. Investors' attention has gradually shifted from the "Trump trade" to the upcoming US Consumer Price Index (CPI) report (9:30 pm Beijing time on Wednesday), which may determine the future monetary policy of the Federal Reserve. This CPI data also has a significant impact on the crypto market and will determine the short-term market trend.Click to read

2. Bitwise: Why Bitcoin is expected to rise to $500,000 or higher, and what conditions it needs

First, it must be made clear that no one can guarantee that each Bitcoin will be worth $500,000. We don't even know if it will break through $100,000! Bit price fluctuations are violent, and the outlook is uncertain, and it may correct at any time. But in my view, $500,000 per Bit is the right dividing line between the early and later stages of Bit, for the simple reason that it marks the point where Bit will become "mature".Click to read

3. Earning millions in 2 seconds, millisecond-level information gap: Unraveling the wealth leap of the post-00s billionaire

This is a somewhat provocative self-introduction by Vida, who claims to be the current richest post-00s on Zhihu, with at least $7 million (about RMB 51 million) in idle funds, because his trading speed is fast enough and his profits are too high, and he has received five investigation notices from the risk control department of Binance. Seeing this, many people may think this is just another Zhihu show-off. But what if all this is true?Click to read

4. Trump 2.0: 13 key figures shaping America's future

Trump, who is preparing to return to the White House, is working to build a new alliance, with Elon Musk being the most famous (and wealthiest) of the new allies. The 78-year-old Trump has always cherished his close alliance with the rich and famous, but this time he will organize a new generation of loyal supporters, including podcast host JOE Rogan and mixed martial arts celebrity Dana White.Click to read

5. The US politicians bought by Bit have already occupied the entire Congress

The 2024 US presidential election has drawn to a close, and behind Trump's "quick victory", the latest developments in money politics have attracted widespread attention. Statistics show that in sync with Trump's capture of the presidency, 40 out of the 58 Congress members who received $130 million in funding from the crypto currency industry also announced their election. The FairShake crypto currency group became the largest Super PAC in the 2024 election, raising more than $200 million. Some analysts point out that the Trump who is friendly to crypto currencies has found new allies in Congress and the government. So, in this most "expensive" election, what does the crypto currency sector want to win?Click to read

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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