ChainCatcher news, according to data disclosed by Cointelegraph on the X platform, the Bitcoin held by the address of the Kingdom of Bhutan has reached a market value of 1.1 billion dollars, currently accounting for 34% of its GDP.

ChainCatcher news, according to Jinshi reports, analysts from the Institute of International Finance (IIF) indicate that the incoming president plans to cut taxes without reducing spending on inequality, which will cause the U.S. national debt to rise from the current approximately 100% of GDP to over 135% in 10 years.Inflation may also rise as Trump stimulates spending by imposing tariffs on foreign-made goods, making imported goods more expensive. The U.S. national debt is already close to $36 trillion, and the Institute of International Finance warns that if Trump's tax cut plan results in greater losses for the U.S. Treasury than expected, the debt could exceed 150% of GDP.Additionally, the Institute of International Finance points out that U.S. farms, construction, and healthcare "heavily rely on immigrant workers," and targeting this group under Trump's leadership could "put additional upward pressure on prices."

ChainCatcher news, according to Coindesk, based on data from Arkham Intelligence, the small South Asian country of Bhutan has a population of only 800,000 (compared to El Salvador's population of 6.4 million), yet it holds 12,574 bitcoins, valued at $1.1 billion at current prices. The value of bitcoins held by Bhutan accounts for more than one-third of the country's GDP (slightly below $3 billion). El Salvador's $500 million in bitcoin only represents 1.5% of its GDP.It is reported that Bhutan's bitcoin holdings have been accumulated through bitcoin mining, as the country has abundant hydropower resources. In September, Arkham reported that Bhutan is likely to become the fourth largest bitcoin-holding country.

ChainCatcher news, according to Cointelegraph, the cryptocurrency market capitalization has reached a historic high of $3.12 trillion, now approaching that of France's Gross Domestic Product (GDP).If the cryptocurrency market were considered a country, its GDP would rank eighth, only behind the United States, China, Germany, Japan, India, the United Kingdom, and France. Meanwhile, the market capitalization of Bitcoin alone has surpassed $1.77 trillion, exceeding Spain's GDP.

ChainCatcher news, on Wednesday local time, the latest data released by the United States showed that the GDP growth rate in the third quarter slightly slowed down and fell short of expectations. The U.S. ADP employment data, known as the "little non-farm," far exceeded expectations, reaching the highest level in over a year. The mixed data reflects the ongoing uncertainty in the U.S. economy.According to 4E monitoring, U.S. stocks initially rose across the board in early trading but then sharply reversed to close lower. The Nasdaq, after hitting a new intraday high, led the decline with a drop of 0.56%. The Dow Jones Industrial Average fell by 0.22%, and the S&P 500 index dropped by 0.33%, with most of the "Tech Seven Sisters" and AI concept stocks declining. In the cryptocurrency market, the Trump trade lifted Bitcoin, which approached its historical high before retreating, currently hovering around $72,000. As of the time of publication, Bitcoin was at $72,245, down 0.23%, while Ethereum was at $2,652, up 0.71%.In the forex market, the U.S. dollar index briefly rose to an intraday high of 104.44 but then turned lower, ultimately closing down 0.17%. This was due to the market lowering expectations for a significant interest rate cut by the European Central Bank in December, with the euro rebounding against the dollar, closing up 0.35%. The uncertainty surrounding the U.S. election and geopolitical instability led the market to favor defensive positions like gold, which continued to receive support, with spot gold hitting a new historical high on Wednesday, ultimately closing up 0.43%. The unexpected decline in U.S. EIA crude oil inventories, along with reports that OPEC+ may delay its oil production increase plan, led to a rise in international oil prices on Wednesday, with WTI crude ultimately closing up 2.31% and Brent crude up 2.3%.The latest data shows that U.S. economic growth unexpectedly declined, with inflation and consumption higher than expected. A more comprehensive and closely watched non-farm payroll report for October will be released on Friday, with most in the market expecting that the Federal Reserve's pace of interest rate cuts will not change, continuing to cut by 25 basis points at the meeting on November 7-8. Meanwhile, the U.S. election is also entering a heated stage, with the latest polls showing voters leaning towards giving Trump better marks on economic issues. Global investors are also betting that Trump will win in next week's U.S. election, but regardless of the outcome, the market is expected to experience greater volatility as election day approaches. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex, recently launching a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher message, Federal Reserve's Williams stated that the GDP is expected to be between 2.25% and 2.5% in 2024, averaging 2.25% over the next two years. (Jin Ten)

ChainCatcher message, Goldman Sachs economists analyzed the potential economic impact of a Republican or Democratic victory in the November elections, warning that if Trump wins, the U.S. GDP will face a hit.Goldman Sachs stated that if Harris wins, no further tariff increases are expected. The bank's economists wrote that Trump might raise tariffs on China, the EU, and Mexico, which would lead to a surge in inflation, with a peak impact on the price index favored by the Fed of 30 to 40 basis points. The additional 10% universal tariff proposed by the Republican candidate would have a greater impact, although it would take longer to materialize.

ChainCatcher message, the Atlanta Fed's GDPNow model expects the U.S. GDP growth rate for the third quarter to be 2.0%, consistent with previous estimates. (Jin Shi)

ChainCatcher news, according to Jin10, the preliminary annualized quarterly rate of the actual GDP in the United States for the second quarter recorded 2.8%, higher than the expected 2%.

ChainCatcher news, according to Jinshi reports, the United States has released multiple economic data.The final annualized quarterly rate of real GDP in the first quarter of the United States is 1.4%, expected 1.3%, previous value 1.3%;The final quarterly rate of real personal consumption expenditures in the first quarter of the United States is 1.5%, expected 2%, previous value 2%;The final annualized quarterly rate of the core PCE price index in the first quarter of the United States is 3.7%, expected 3.60%, previous value 3.60%.

ChainCatcher news, according to The Block, U.S. spot Bitcoin ETF issuer Bitwise stated that by 2030, cryptocurrencies and artificial intelligence could add $20 trillion to global GDP.

ChainCatcher news, according to The Block, a statement claims that Worldcoin will suspend its activities in Spain until the end of this year, or until the German organization responsible for overseeing the project's activities under the EU General Data Protection Regulation (GDPR) completes its audit.

ChainCatcher news, according to Jinshi reports, the annualized quarterly rate of the actual GDP in the United States for the first quarter was revised to 1.3%, in line with expectations, and is the lowest since the first quarter of 2023.

ChainCatcher news, the Prime Minister of Thailand stated that the digital wallet plan will be consistent with fiscal discipline. The digital wallet plan is expected to boost GDP growth by 1.2-1.6 percentage points. Thailand will provide funding support for the digital wallet plan through the national budget. Thailand will use 157 billion baht from the 2025 budget for the digital wallet. (Jin Shi)