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Bitget·2023/09/20 06:00
Flash
- 09:38Goldman Sachs warns that US stocks may turn into a bear market, BlackRock downgrades US stock ratingsAccording to a report by Golden Finance, as Trump initiates a trade war, warnings from Wall Street strategists are increasing, indicating a bleak outlook for the stock market. On Monday, strategists Jean Boivin and Wei Li from BlackRock downgraded their three-month outlook for US stocks from overweight to neutral, stating that they expect "risk assets will face greater pressure in the short term due to significant escalation of global trade tensions." Meanwhile, Goldman Sachs' strategic team including strategists like Peter Oppenheimer said that with the increase in recession risk, stock market sell-offs are likely to evolve into a longer cyclical bear market. Cyclical bear markets typically last about two years and take five years to rebound back to their starting point. As it stands now, they believe that the U.S. stock sell-off is an event-driven bear market. They say that in both types of bear markets, stocks tend to fall on average 30%, but "the duration differs; event-driven downturns are shorter and recover faster."
- 09:36The stablecoin protocol Falcon Finance TVL surges past 130 million US dollarsOdaily Planet Daily reports that according to official data, the stablecoin protocol Falcon Finance TVL has surged past $130 million, currently reported at $132.1 million. Its collateralized token sUSDF APY is now reported at 14.3%. It is known that Falcon Finance is a synthetic dollar stablecoin protocol launched by DWF Labs partner Andrei Grachev. Moreover, Falcon Finance will have its own points program and governance tokens.
- 09:33Victory Securities: The strategic core for the next 3 years will be "Full Ecosystem Service Provider for Virtual Assets"ChainCatcher News, according to Dongwang reports, Victory Securities (08540) announced that it will focus on "virtual asset full ecosystem service provider" as its strategic core for the next three years. The company will expand its business from six aspects, including deepening global asset management schemes based on cryptocurrency immigration; strengthening institutional-level RWA innovative applications; launching virtual asset structured derivatives; exploring new cryptocurrency financial application scenarios; and setting new product development standards. Vice President Chen Peiquan stated that the company is cooperating with compliant exchanges and multinational corporations to promote RWA in enterprise financing cross-platform linkage, as well as more financial application scenarios landing, allowing technological innovation to serve industrial transformation and financial upgrading.