what drives the value of cryptocurrency Top Knowledge

The financial technology companies supported by Wal-Mart are valued at $2.5 billion. The traditional banking industry is under threat. Wal-Mart is injecting more funds into its newly-started financial start-ups, obtaining a valuation of $2.5 billion for this company, and indicating its ambition to further set foot in the financial services industry. According to informed sources, the world's largest retailer is jointly leading the financing of more than 300 million US dollars with investment company Ribbit Capital. This marks a new valuation for the company named One, in which Wal-Mart holds a majority stake. Wal-Mart has been providing products to many customers and employees in order to gain a greater foothold in the field of financial services. For the financial industry, the threat of Wal-Mart and other companies encroaching on its territory is getting closer and closer. Just last year, JPMorgan Chase CEO Jamie Dimon mentioned the competitive threat of Wal-Mart and other enterprises, pointing out that its hundreds of millions of customers and huge resources at its disposal were "extraordinary competitive advantages".American family wealth climbed to a record high thanks to the rise of the stock market. Driven by the rise of the stock market before the US presidential election, American family wealth reached a record high in the third quarter. According to a report released by the Federal Reserve on Thursday, household net assets increased by nearly 4.8 trillion US dollars, up 2.9% from the previous quarter, reaching 168.8 trillion US dollars. The value of American stock holdings increased by 3.8 trillion US dollars, while the value of real estate decreased by nearly 200 billion US dollars. In the third quarter, investors benefited from the stock market rally, as the market expected the Federal Reserve to cut interest rates and Donald Trump to return to the White House next year. Since Trump won the election on November 5, the S&P 500 index has climbed to a new high due to the market expectation that the president-elect will promulgate a pro-business policy.In the first 10 months of this year, the number of tourists from China to Hungary nearly doubled. According to the latest data from the Hungarian Ministry of Economic Affairs, a total of 183,000 tourists from China arrived in Hungary in the first 10 months of this year, nearly doubling compared with the same period last year.

Bitcoin exceeded $102,000/piece, up 0.87% in the day.In the third quarter of the United States, the net worth of households changed by $4,765.9 billion, and the previous value was $2,760 billion.YiXixi sovereign bond yields in the euro zone rose by about 16 basis points at most. In 2024, the European Central Bank cut interest rates three times. The yield of French 10-year government bonds rose by 9.5 basis points to 2.987%, approaching the top of 3.032% on November 28th. US stocks briefly fell before the market, and reached a new low of 2.880% at 22:07 Beijing time (during the press conference of European Central Bank President Lagarde). The yield of Italian 10-year government bonds rose by 15.7 basis points to 3.348%, approaching the top of 3.410% on November 28th, and was on the rise all day, reaching a daily low of 3.218% at 21:56 (during Lagarde's press conference). Spain's 10-year bond yields rose by 11.6 basis points, while Greece's 10-year bond yields rose by 13.5 basis points.

The allocation percentage of the 30-year treasury bond auction-winning interest rate in the United States from December 12 was 44.76%, and the previous value was 14.83%. The auction of 30-year treasury bonds in the United States until December 12-the bid multiple is 2.39, and the previous value is 2.64. The auction of 30-year treasury bonds in the United States until December 12-the winning interest rate is 4.535%, and the previous value is 4.608%.Xie Feng, Ambassador of China to the United States: The goal of China's commitment to the stable, healthy and sustainable development of Sino-US relations has not changed. According to the Chinese Embassy in the United States, on December 11th, u.s.-china business council held the 2024 annual celebration dinner in Washington. In his speech, Xie Feng said that China has always grasped the general trend of the world from a long historical period, maintained continuity and stability in its policy toward the United States, and it is the determination of a big country to respond to changes with constancy, and it is China's wisdom to create a new situation in a changing situation. Xie Feng pointed out that the goal of China's commitment to the stable, healthy and sustainable development of Sino-US relations has not changed, which is in line with the common interests of the two countries and the general expectations of the international community; The principle of handling Sino-US relations in accordance with mutual respect, peaceful coexistence and win-win cooperation has not changed, which is the fundamental way for China and the United States to get along correctly in the new era. The position of firmly safeguarding its sovereignty, security and development interests has not changed. This is a principle that China must defend and a red line that cannot be challenged. The desire to continue the traditional friendship between the Chinese and American people has not changed, and we are willing to continue to pave the way for cultural exchanges between the two countries. Xie Feng hopes that the US will move in the same direction as China, strengthen dialogue and communication, and refrain from shouting from a distance; Properly control differences and not engage in conflict and confrontation; Expand mutually beneficial cooperation and do not engage in decoupling and chain breaking; Carry out benign interaction, do not engage in zero-sum game, and strive to achieve a smooth transition and a good start in Sino-US relations.Cipher digital currency concept stocks generally rose, with Bakkt Holdings rising by 12.2%, Riot Platforms rising by 9.4%, TeraWulf rising by 7.3%, Robinhood rising by 4.2%, and Ethereum ETF QETH rising by over 3.9%. President-elect Trump announced that he would take major actions against cryptocurrencies. Bitcoin rose more than 0.7%, reaching a daily high of $102,000.