Wu Says Daily Selected Crypto News - U.S. November Unadjusted Core CPI Year-on-Year at 3.3%

1. US November Non-Seasonally Adjusted Core CPI Year-on-Year at 3.3%

The US November non-seasonally adjusted core CPI year-on-year is at 3.3%, in line with expectations of 3.3%, and the previous value was also 3.3%. The US November non-seasonally adjusted CPI year-on-year is at 2.7%, with expectations of 2.7% and a previous value of 2.6%. The inflation rate in the US rose to 2.7% in November, higher than the 2.6% level in October, and it is widely expected that the Federal Reserve will cut rates by 25 basis points for the third consecutive time next week.

2. Microsoft Shareholders Vote Against Bitcoin Investment Proposal

Despite efforts by MicroStrategy's Executive Chairman Michael Saylor to persuade Microsoft shareholders to change their minds, the opposition votes were anticipated. From the beginning, the Microsoft board expressed skepticism towards Bitcoin, given the asset's inherent volatility. The board stated that the company prioritizes stable and predictable investments to minimize risk as much as possible.

3. $Trump Highly Concerned About Bitcoin Price: Aiming for $150,000 Early in His Presidency

Insiders revealed that $Trump is highly focused on Bitcoin prices, aiming to push Bitcoin to $150,000 early in his presidency, viewing it as another stock market. Additionally, according to 60 Minutes, cryptocurrency companies contributed one-third of the super political action committee donations in this election, with an 85% success rate for candidates supported by the industry.

4. Hong Kong: Crypto Assets Not Target Assets for Foreign Exchange Fund Investments

Hong Kong legislator Wu Jiezhuang asked whether digital assets and cryptocurrencies would be considered for inclusion in fiscal reserves and whether the foreign exchange fund would continue to purchase and hold them long-term. In response, the Acting Secretary for Financial Services and the Treasury, Chen Haolian, stated that the foreign exchange fund invests in a globally diversified range of asset classes and markets to diversify risk and enhance long-term returns, and crypto assets are not target assets for the foreign exchange fund. The external investment managers of the Hong Kong Monetary Authority also invest in a globally diversified range of asset classes and markets, and while some investments involving crypto assets may occur at different times, their proportion is very small.

5. Eric Trump: Predicts Bitcoin Price Will Reach $1 Million in the Future

Eric $Trump, son of US President $Trump and Executive Vice President of the $Trump Organization, delivered a keynote speech at the Bitcoin MENA event in Abu Dhabi, stating that Bitcoin will become a "financial paradigm" and predicted that the price of Bitcoin will reach $1 million in the future. Eric $Trump emphasized that Bitcoin is not only an investment tool but also a "global asset" with value in combating inflation, political instability, and natural disasters. He believes that the capped supply of 21 million Bitcoin is one of its most important features and pointed out that "early adopters will be the ultimate winners." He also called on governments and banks to adapt to the digital revolution of Bitcoin and stated that the $Trump family fully supports the development of Bitcoin.

6. Ray Dalio: Shifting to Gold and Bitcoin Investments Amid High Debt Risks

Ray Dalio, founder of Bridgewater Associates, stated at the financial conference in Abu Dhabi that due to high debt levels and potential debt crises facing major global economies, he is turning to investments in gold and Bitcoin as "hard currencies," avoiding debt assets. He believes that a debt crisis may arise in the coming years, leading to currency depreciation. He emphasized that investments should focus on global major trends and maintain diversification to mitigate risks.