Odaily Planet Daily reports that U.S. Treasury yields extended their losses in midday European trading ahead of key economic data releases, with markets closely watching the potential impact of these data on the Federal Reserve's policy stance. Konstantinos Chrysikos of Kudotrade noted in a report, "Investors are taking a cautious stance ahead of a busy series of U.S. economic data releases that could further shape market expectations for Fed policy." Later in the day, ISM Services PMI data, along with ADP and JOLTS labor market reports, will be released. According to LSEG data, the money market is currently pricing in two Fed rate cuts this year. According to Tradeweb data, the 2-year Treasury yield fell 1.4 basis points to 3.458%; the 10-year yield fell 3.7 basis points to 4.141%; and the 30-year yield fell 4.2 basis points to 4.823%. (Jinshi)

Odaily Planet Daily reports that the Hong Kong Securities and Futures Commission (SFC) has issued an official statement strongly condemning Saxo Financial (Hong Kong) Limited (Sxo Financial) and imposing a fine of HK$4 million. The reason given was that Saxo Financial had deficiencies in distributing non-SFC-approved virtual asset funds and virtual asset products on its online trading platform (the online platform). The SFC's investigation found that between November 1, 2018, and November 25, 2022, Saxo Financial executed 1,446 transactions involving 32 virtual asset products for six professional investors and 130 retail clients on its online platform. However, prior to executing these transactions, Saxo Financial failed to assess whether clients possessed the knowledge to invest in virtual asset products, nor did it provide clients with sufficient information or specific warning statements regarding virtual assets, thus failing to comply with the guidelines set out in the two SFC circulars.

Odaily Planet Daily reports that venture capital firm AppWorks has announced the completion of a $165 million funding round for its fourth fund, Fund IV, bringing the firm's total funding to date to $386 million. The new funds will focus on investing in startups and projects in the Asian market related to artificial intelligence, Web3, and the broader digital economy. AppWorks has already invested in several Web3 startups, including DeFi smart broker platform Almanak, DAO infrastructure provider Tally, crypto trading software developer SignalPlus, blockchain privacy solution Blokid, and Web3 payment platform Fetch. (Startupresearcher)

Odaily Planet Daily reports that SpaceX's dominance in rocket launches and satellite broadband internet services was further solidified last December, with reports suggesting an insider stock deal valued the company at $800 billion. There's even speculation that Musk's aerospace company might sell shares to the public this year, targeting a valuation almost double that figure. SpaceX has a significant first-mover advantage with its Starlink project, which provides broadband internet via over 9,000 small satellites deployed in low Earth orbit. This service is faster and cheaper than services provided by satellites in geostationary orbit. Furthermore, according to Arkham monitoring data, the company still holds 8,285 BTC since purchasing Bitcoin four years ago. (Jinshi)

According to Odaily Planet Daily, Coinglass data shows that the Coinbase Bitcoin Premium Index turned positive yesterday after 22 days, but this positive status only lasted for one day before turning negative again, currently at -0.0277%. The Coinbase Bitcoin Premium Index measures the difference between the price of Bitcoin on Coinbase (a major US trading platform) and the average price in the global market. A negative premium usually reflects significant selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflow.