Daily Outlook: Bitcoin rose to more than $32,000, and Musk said SpaceX owns the cryptocurrency
The European Central Bank welcomes its first meeting after the strategic assessment. Policy guidelines may have subtle changes:
The European Central Bank launched a two-day meeting on Wednesday. Policy members need to decide what impact the latest monetary policy strategy will have on short-term policies, and may debate this vigorously. The European Central Bank raised its inflation target to 2% earlier this month and promised to achieve it “strongly or firmly”. The challenge they face is to explain what this strategy means for interest rates and debt purchase operations. Bloomberg reported last week that immediately after the distribution of the draft policy wording, there was a disagreement within the central bank. Central Bank Governor Lagarde promised that there will be “interesting adjustments and changes” in Thursday’s policy statement and press conference, raising the expectations of the outside world.
Senior Biden aides generally support Powell’s re-election as Fed chairman:
According to informed sources, senior White House staff generally support the re-election of Fed Chairman Jerome Powell, but the relevant decision is expected to be made later this year and has not yet been submitted to President Biden’s desk. It is reported that Biden government officials are still open to how to influence the Fed through personnel adjustments (including the selection of the chairman). In addition to Powell, the term of Vice Chairman Randal Quarles for Regulatory Affairs will end in October this year, and the term of Director Richard Clarida will expire in January next year.
Bitcoin rose to more than $32,000, and Musk said SpaceX owns the cryptocurrency:
Elon Musk’s love for Bitcoin is deeper than everyone knows before. The billionaire helm of Tesla Inc. stated that his space exploration company also owns the digital currency — and has no plans to sell it. At the “The B Word” conference hosted by the Crypto Innovation Committee, Musk discussed the prospects of this cryptocurrency with other Bitcoin supporters such as Cathie Wood, head of Ark Investment Management, and Jack Dorsey, CEO of Twitter. Musk said that he personally owns Bitcoin, Ether and Dogecoin, while Tesla and SpaceX both only own Bitcoin.
The Congressional Budget Office said the United States may exhaust its debt restriction measures in October:
The U.S. Congressional Budget Office stated that unless Congress raises or suspends the debt ceiling, the United States may default on its debt in October or November. The non-partisan Congressional Budget Office stated in a report on Wednesday that if the debt ceiling is not raised, the Treasury’s borrowing capacity will be exhausted and may run out of cash sometime in the first quarter of the new fiscal year beginning on October 1., “Most likely in October or November.” The United States has suspended the debt ceiling from mid-2019 for a period of two years and will expire on July 31.
The U.S. Trade Representative stated that the U.S. will stand on Australia’s side to meet China’s trade challenges:
U.S. Trade Representative Dai Qi said that the United States “is paying close attention to the trade situation between Australia and China,” adding that Washington “will stand on Australia’s side to meet this common challenge and support rule-based international trade to promote fairness, Market-oriented trade practices”.
SEC Chairman Gensler issued a warning on virtual stocks on the blockchain:
US Securities and Exchange Commission Chairman Gary Gensler issued a warning on the emergence of synthetic stocks on the blockchain: companies that sell tokens to US investors may eventually encounter regulatory authorities trouble. In his speech on Wednesday, Gensler made it clear that tokens that mirror the stock prices of well-known companies such as Amazon and Tesla may still be subject to US securities laws. He also promised to use all the enforcement resources of the SEC to hold accountable those who may have provided such assets without registration.