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11:51
140.41 BTC transferred from an anonymous address, with part of it flowing into an exchange
According to Arkham data, 140.41 BTC (worth approximately $12.37 million) were transferred from an anonymous address starting with 3McvtV to another anonymous address starting with 3FKFjA. Subsequently, the receiving address transferred 2.5 BTC to an exchange.
11:39
The New York Times: SBF Provides Legal Advice to Other Inmates in Prison, but with Poor Results
PANews, December 20 – According to The New York Times, FTX founder Sam Bankman-Fried has begun offering legal advice to other inmates during his prison sentence. His clients include former Honduran President Juan Orlando Hernández, music producer Sean Combs, and several others. However, the effectiveness of his services has been poor. Reportedly, Juan Orlando Hernández followed SBF's testimony advice but was ultimately still convicted. Nevertheless, some people have expressed gratitude for SBF's legal advice.
11:34
China Merchants Bank: Japan's interest rate hike may tighten global financial conditions
According to Odaily, China Merchants Bank released a research report stating that on December 19, the Bank of Japan raised interest rates by 25bp, increasing the policy rate to 0.75%. Although the Bank of Japan is highly likely to remain very cautious in its rate hike pace, the reversal of yen liquidity and the Japanese bond market will continue to exert pressure on global financial conditions. First, yen carry trades may continue to unwind, putting long-term pressure on global asset liquidity. As of the end of 2024, there are still approximately $9 trillion in positions using low-interest yen as a source of liquidity, and this portion of liquidity may steadily contract as the US-Japan interest rate differential narrows. Second, risks in Japanese bonds may further escalate. In the short term, the Kishida government has approved a supplementary fiscal budget equivalent to 2.8% of nominal GDP; in the long term, Japan plans to increase defense spending to 3% of nominal GDP and permanently reduce consumption tax. The Japanese government's untimely fiscal expansion stance may trigger greater market concerns, and in the medium to long term, Japanese bond yields may rise sharply, with the curve steepening at an accelerated pace. (Golden Ten Data)
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