where does crypto get its value- Top Overview

The single-day financing purchase amount exceeded 230 billion yuan, up 53.84% month-on-month. According to the latest financial data released by CSI Finance, on December 10th, the financing purchase amount was 230.128 billion yuan, up 80.537 billion yuan from the previous trading day, up 53.84% month-on-month. The sale amount of securities lending was 578 million yuan, a slight increase of 6.45%. The latest balance of margin financing and securities lending is 1.88 trillion, of which the balance of financing is 1.87 trillion, an increase of 13.736 billion yuan from the previous month; The balance of securities lending was 10.595 billion yuan, a decrease of 376 million yuan from the previous month. In addition, the amount of refinancing transactions on that day was 5.3 billion yuan, which was zero for two consecutive trading days; The balance of refinancing was 147.64 billion yuan.Since 2024, 27 new funds have been established in the US municipal bond ETF market, setting an annual record high. New members include PGIM and Rockefeller Asset Management. However, in the $142 billion municipal bond ETF market, the asset management scale of many ETFs is less than $50 million.ANZ: The market expects the Federal Reserve to cut interest rates and demand for safe haven to boost the price of gold. Before the release of US consumer price index data, gold futures rose by 0.3% to $2,725.60 per ounce. ANZ research analysts said that the market is ready for the US consumer price index data released on Wednesday, which is expected to show the path of the Fed's interest rate cut in December. Although the market expects the possibility of interest rate cuts to be about 90%, any sign in the data that shakes the path of interest rate cuts may adversely affect interest-free gold assets. Analysts added that in the case of geopolitical tensions, the demand for safe haven also boosted the price of precious metals.

The STOXX 600 index in Europe fell by 0.5% to 518.58 points.Siemens Medical AG: Siemens Medical acquired Advanced Accelerator Applied Molecular Imaging Company.UBS Group AG expands its American wealth department.

U.S. Department of Agriculture (USDA): It is estimated that the ending inventory of corn in the United States is 1.738 billion bushels, and analysts expect 1.90192 billion bushels. USDA had previously expected 1.938 billion bushels.In the first 11 months, the average yield of 3,255 private securities products reached 17.3%. According to the latest data of Shenzhen Qianhai Paipai Net Fund Sales Co., Ltd., in the first 11 months of this year, the average yield of 3,255 private securities products with performance display was 17.31%, of which 2,880 products achieved positive returns, accounting for 88.48%. Bao Xiaohui, chairman of Shanghai Changli Asset Management Co., Ltd. said that the average return rate of multi-asset and stock long strategy in the first 11 months of this year was better. On the one hand, it was the opportunity brought by the bottoming out of the A-share market, especially the logic of bottoming out at the beginning of the year; On the other hand, the fundamentals of all sectors are favorable, the effect of "combination boxing" of superimposed fiscal policy is remarkable, and the market liquidity and confidence are improved. These are the main reasons for the better performance of securities private placement related strategies. (Securities Daily)Fangduoduo fell about 6.5% before the market, and announced that it would raise $7 million through the sale of shares. Fangduoduo (DUO.US) fell about 6.5% before the market to $0.72. In the news, Fang Duoduo announced that it would sell Class A common stock at the price of 0.7 USD per share, raising a total of 7 million USD. The net proceeds will be used for general enterprise purposes.