The recent market has brought me back to the feeling I had before 23, when I would summarize key events daily and add my own perspective!
First, last night, my cousin was pardoned. Trump said he didn't know him, but many people have pleaded for him, saying he's a good person. Today, many in the market are speculating on whether SBF Curly Hair will also be pardoned someday.
Those pardoned by my cousin are "cleared of wrongdoing," and their sentences and restrictions may be lifted.
But there's a crucial sentence in my cousin's sentencing: he cannot participate in the management or decision-making of a certain company for three years after his release. During this period, the company must be supervised by an independent compliance officer (Monitor) and report directly to the Department of Justice.
While the individual is free, the company is still under scrutiny. If Trump grants a full pardon this time,
then my cousin's restrictions may be immediately lifted, and he could theoretically return to the company, even if initially in an advisory capacity.
However, the company-level monitoring agreement remains in effect. It's the rectification agreement signed between the company and the Department of Justice, and a pardon cannot change it. So, the significance of this pardon for my cousin is that he can once again participate in the decision-making process at Mouan, but the company will still have to operate under oversight.
Then there's the issue of new tariffs. China and the US have finally sat down for talks, putting a temporary end to Trump's capricious attempts to exploit the market!
Of course, it's not as if he's escalating the situation just to exploit the market. Before the verdict, both sides were trying to intimidate each other to increase their leverage, and now that the negotiations are underway, things will be much more relaxed.
There's actually been quite a bit of progress in these negotiations: for example, the previously difficult issue of Indian oil imports and Japan's insistence on not importing American agricultural products are now showing signs of easing, and South Korea has also compromised on tariffs.
Although we still have rare earths as a countermeasure, a complete decoupling between the two sides is unlikely in the short term.
So, the current strategy is to focus on cooperative negotiations while simultaneously improving our supply chains and preparing for the next round of confrontation.
And as for the data today, just keep an eye on it; it's less impactful on the market these days.
#Bitcoin #DOGE #ETH #BTC
