U.S. December inflation higher than expected, U.S. stocks open lower

Digital Wallets Turn Into Investment Portals? BlackRock CEO Bullish on "Tokenization Technology" to Disrupt Financial Markets

# BlackRock Chairman Larry Fink's Latest Letter: Digital Assets and Tokenization as Keys to Financial System Upgrade BlackRock, the world's largest asset management giant, Chairman and CEO Larry Fink stated in his latest annual letter to shareholders that "digital assets" and "tokenization technology" will become key engines driving the upgrade of the financial system. At the same time, he also issued a stern warning about the current situation: the current economic model in the United States has left too many people at the bottom behind. ## Capitalism Out of Balance Larry Fink pointed out in his letter the harsh reality: the vast majority of the benefits created by the current financial system flow to wealthy classes who already possess assets, while many wage earners are shut out from the doors of market growth. He attributes this imbalance to deeper systemic problems in American society: the increasingly widening wealth gap, persistently high government debt, and weak capital market participation rates—all of which are putting unprecedented pressure on traditional financial models. "Capitalism still works..."

China's Daily Average Token Calls Exceed 1.4 Quadrillion

The People's Daily introduced the concept of "tokens" in an article titled "A Discussion on Tokens (New Knowledge)," presenting tokens as information processing units in AI. The article points out that around the development of tokens, a new value system is taking shape, facilitating the commercialization of artificial intelligence. Daily token invocations have exceeded 1.4 quadrillion, indicating that a virtuous cycle of data supply is beginning to be established.

U.S. 10-Year Treasury Yield Surges to 4.4%, Trump Policies May Shift Again

Since the Iran war erupted, the U.S. 10-year Treasury yield has risen approximately 48 basis points, approaching 4.4%. Analysis indicates that 4.5% is a critical threshold for a shift in Trump policy, with rising yields suppressing the value of Bitcoin and gold, as the opportunity cost of holding non-yielding assets increases and a stronger dollar affects purchasing power. If yields continue to climb, Bitcoin will face greater downward pressure; if tensions ease, it could trigger a rebound.

Goldman Sachs Says 30% US Recession Probability This Year, While Insisting on Two Rate Cuts by Year-End: Bad News or Good News?

Goldman Sachs Chief Economist Jan Hatzius raised the probability of a U.S. economic recession to 30%, with growth forecast lowered to 1.25%-1.75%. Three major factors—oil prices, tariffs, and the phase-out of fiscal stimulus—are dragging on the economy. Despite market expectations for rate hikes, Goldman Sachs predicts two rate cuts before year-end, arguing that the bond market has overreacted to inflation pressures.

4 U.S. Economic Events That Could Shake Bitcoin This Week

Bitcoin hovers around $68,000 amid significant U.S. economic data expected to influence interest rate expectations and market risk appetite. Key indicators like PMI and unemployment claims could signal economic health, impacting Bitcoin's performance based on potential Fed policy adjustments.

Goldman Sachs raises US economic recession probability to 30%, expects unemployment rate to rise to 4.6% by year-end

Goldman Sachs expects the probability of a U.S. recession to rise to 30% due to soaring oil and gas prices. The Middle East conflict and tax law effects are impacting the economy, with the unemployment rate forecast increased to 4.6%. GDP growth is projected to be below trend in the second half of this year, oil price forecasts have been raised, and the conflict may drive up global inflation and influence GDP growth.