Bitcoin is on its way to becoming a $10 trillion market!
Vitalik sharply criticizes the EU’s “chat surveillance”!
Gold prices reach a new all-time high; is China seeking to take central banks’ gold storage?
The possibility of a US government shutdown is at an all-time high.
SWIFT selects LINEA.
Five of this week’s hottest news stories!
Let’s analyze the news about the global economy and cryptocurrencies and consider economic trends together! Sunday, September 28th, we’ll discuss today’s cryptocurrency news and on-chain market conditions.
This program delivers the latest news to help you build your wealth. Let’s start with a 24-hour data headline from the cryptocurrency market.
First, we’ll start with the topic: “Options and Derivatives Could Push Bitcoin to a $10 Trillion Market.”
Bitcoin has weathered many major upheavals in the past, but this time, the rapid growth of the options and derivatives markets, which are financial derivatives, is attracting particular attention. These products offer investors new strategies and risk hedging tools, enhancing overall market liquidity and price discovery.
For example, Bitcoin options trading volume has exploded over the past few years, potentially resulting in a dramatic expansion of the market. Some analysts even predict that this trend could lead to a Bitcoin market capitalization of $10 trillion, comparable in size to the gold market.
This is due in part to the growing participation of institutional investors and an improving regulatory environment, evolving the market structure to better meet diverse investment needs.
Next, we will discuss Ethereum founder Vitalik Buterin’s strong criticism of the EU’s “chat monitoring” policy.
Vitalik stated, “We all have a right to privacy and security,” expressing concern about the European Union’s increased monitoring of communications. Specifically, he argued that introducing monitoring of peer-to-peer messaging services could lead to privacy violations.
This statement has resonated not only within the cryptocurrency and blockchain industries, but also with many civil rights groups. Debate about the balance between freedom and security in a digital society is likely to intensify.
Next, we have the news that, as gold prices continue to reach new record highs, China intends to provide gold custody services to central banks.
Gold has attracted attention as a safe-haven asset amid global instability and inflation concerns, and the People’s Bank of China is seeking to expand its gold custody management services to central banks around the world. This is seen as part of China’s strategy to expand its financial influence and could bring about subtle changes in the international financial order.
Also noteworthy is the fact that, as the possibility of a U.S. government shutdown reaches an all-time high, markets are feeling increasingly tense.
With the difficulty in reaching an agreement on the federal budget, the risk of a government shutdown is increasing, and financial markets are becoming increasingly uncertain. Investor sentiment is becoming increasingly cautious, further strengthening demand for safe-haven assets.
Finally, we have the news that, as a multi-month project, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has decided to transition to a new interbank messaging system, LINEA.
SWIFT is the foundation for the global exchange of interbank transaction information, and the introduction of a new system aims to enhance transaction efficiency and security. This technological innovation is attracting attention as a significant development that will have an impact on the entire international payment infrastructure.
Let’s now summarize the psychological and economic impacts that can be gleaned from these five news stories.
First, in cryptocurrency markets such as Bitcoin, the growth of options and derivatives is encouraging institutional investor participation, raising expectations for market expansion and maturation. This could put long-term upward pressure on prices.
Second, the advocacy for privacy by Vitalik and others may serve as a backlash against stricter regulations, stimulating a sense of digital freedom among market participants and the general public, leading to increased demand for cryptography.
Third, China’s expansion of gold custody services and the risk of a U.S. government shutdown are each amplifying geopolitical and monetary policy uncertainty, further strengthening the desire for safe assets and diversified investments.
Fourth, SWIFT’s plan to introduce LINEA will foster expectations for an improved global payment environment through the renewal of international financial infrastructure, leading to increased confidence in the market as a whole.
That’s all for today’s news highlights. Our channel provides in-depth, specialized coverage focusing on valuable news in the cryptocurrency world. If you find this channel valuable, please share, follow, and turn on notifications.
See you tomorrow.
