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- 09:16QCP: US government shutdown resolution boosts market, BTC returns to the $106,000 rangeAccording to ChainCatcher, QCP pointed out in its latest market briefing that the U.S. Senate is pushing to end the 40-day government shutdown, boosting overall risk appetite and driving a rebound in both the stock and crypto markets. Bitcoin, after repeatedly testing the $100,000 level, has climbed back above $106,000. Despite early holders selling and ETF outflows, market liquidity remains robust. QCP noted that the risk reversal structure in the options market shows a significant easing of bearish sentiment, and concerns about further liquidations have decreased. There is a clear divergence among current traders: some are buying call fly options expiring on December 26 at $112,000/$120,000/$150,000, while others are selling call spreads at $135,000/$140,000, indicating that expectations for retesting historical highs remain divided. QCP believes that although OG wallets continue to exert selling pressure, the market's ability to absorb supply shocks has significantly improved, similar to the periods when Mt.Gox and Silk Road coins were released. If old coins are not fully cleared, BTC is expected to continue fluctuating within a range, with resistance around $118,000.
- 09:16The Bank of England proposes a £20,000 cap on individual stablecoin holdingsAccording to ChainCatcher, the Bank of England has proposed that 60% of the assets backing stablecoins can be held in short-term UK government bonds, and at least 40% must be deposited at the Bank of England. The Bank of England has proposed a cap of £20,000 on individual stablecoin holdings, while the limit for corporate stablecoin holdings is set at £10 million. For stablecoins transitioning from the UK Financial Conduct Authority (FCA) regulatory framework, up to 95% of their reserve assets may be invested in short-term government bonds.
- 09:07U.S. government shutdown sees hope of ending, but deep divisions remain within the Democratic Party over the "compromise bill"ChainCatcher News, on Sunday evening local time, the U.S. Senate passed a procedural motion. According to the agreement, Congress will provide full-year funding for the Department of Agriculture, the Department of Veterans Affairs, and Congress itself, while other agencies will be funded until January 30. Before the vote, eight key centrist Democratic senators reached an agreement with Senate Republican leaders and the White House, agreeing to push for a government restart on the condition that a future vote will be held on extending the Affordable Care Act subsidy program. However, this "compromise bill" has sparked deep divisions within the Democratic Party. Senate Minority Leader Schumer opposed it. Senator Warren of Massachusetts stated, "I think this is a huge mistake. The American people want us to fight for healthcare." House Minority Leader Jeffries issued a statement criticizing the agreement before the Senate vote: "We will not support any Senate Republican appropriations bill that fails to extend the Affordable Care Act tax credits. We will fight this Republican bill in the House." Texas Democratic Representative Casar called the agreement a "betrayal" and "surrender" because it failed to lower healthcare costs. Moderate Democrats, on the other hand, defended their votes, arguing that this was the best deal they could make. Kaine, who voted in favor, argued that this would allow Democrats to bring important healthcare issues to a vote.