News

Glonghui, February 9th｜Japan's House of Representatives held an early general election, with the ruling Liberal Democratic Party winning by a landslide, securing 316 out of the total 465 seats in the House. Morgan Stanley stated that the election results may benefit the Nikkei Index, and in the short term, large-cap, highly liquid, high-beta stocks, as well as defense-related stocks, are expected to outperform the market. Morgan Stanley also noted that if expansionary fiscal policy tendencies are maintained during the budget review period and Japan and the US emphasize defense strategy coordination, the effectiveness of high-market trading strategies is likely to continue temporarily. The team believes that the market should examine the actual effectiveness of Japan's version of the Government Efficiency Department, and at this stage, it is still too early to view the debate on consumption tax reduction as a positive factor for domestic demand-related stocks.

Foresight News reported, according to Decrypt, that the Federal Deposit Insurance Corporation (FDIC) agreed in a joint progress report filed with the federal court in Washington, D.C. on Friday to fully pay approximately $180,000 in attorneys' fees incurred by History Associates Incorporated (a research institution commissioned by a certain exchange to submit records requests), and to waive its confidentiality defense regarding cryptocurrency-related "cease and desist letters," thereby ending the Freedom of Information Act (FOIA) lawsuit related to the "Operation Choke Point 2.0" banking cutoff strategy. At the same time, the FDIC committed to policy reforms, including adding provisions to training materials requiring employees to "broadly interpret" FOIA requests, and stating that it will not adopt a blanket confidentiality policy for all bank regulatory documents under FOIA Exemption 8. Foresight News previously reported, according to Cointelegraph, that a certain exchange is urging U.S. regulators to confirm that banks are free to provide services to crypto businesses. Today, the exchange sent letters to the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board, and the Federal Deposit Insurance Corporation (FDIC), requesting them to provide the crypto industry with a clarity report on the status of banking services.

BlockBeats News, February 9th, according to Coinglass data, the negative premium of an exchange's Bitcoin Premium Index has recently narrowed to -0.08%, and the buying sentiment in the U.S. market is starting to improve. BlockBeats Note: The Bitcoin Premium Index from an exchange is used to measure the difference between the Bitcoin price on an exchange (a major U.S. exchange) and the global market average price. This index is an important indicator to observe the flow of funds in the U.S. market, institutional investment interest, and changes in market sentiment. A positive premium indicates that the price on an exchange is higher than the global average price, usually indicating: strong buying pressure in the U.S. market, active entry of institutional or compliant funds, ample USD liquidity, and a generally optimistic investment sentiment. A negative premium indicates that the price on an exchange is lower than the global average price, usually reflecting: significant selling pressure in the U.S. market, decreased investor risk appetite, increasing market risk aversion or capital outflows.