US dollar stable coin BOOST DEMAND for US government bonds and help USA keep up with China.

💍8th June 2024
Friend of 16 years, lover of 7 years. We got married!😊

The Red Sea crisis dragged down; shipping costs soared 40%, and the Malaysian port container was congested
The Red Sea crisis began to affect the Asian shipping market. Not only did it cause port terminals to be congested, but shipping rates also increased by nearly 30-40% last month; it is reported that following the “explosion” of the Singapore port, Klang Port in Xuzhou, Malaysia, and Tanjung Pelabas Port in Johor have also recently faced congestion!
According to information, the tense situation in the Red Sea continues to this day, and it has seriously disrupted trade to and from the Suez Canal waterway. In addition to causing shipping premiums in the Middle East region to rise, it has also caused shipping costs to Europe, the US, and the Atlantic Ocean to be drastically raised by nearly 40 to 50%.
On the Malaysian side, it is reported that local customs brokers have successively issued notices to increase shipping charges starting on the 1st of this month.
According to a source in the shipping industry revealed to “Nanyang Commercial Daily”, the Red Sea crisis has also led to an increase in ship rents, and now shipping costs in China, South Korea, Japan and other regions have increased by nearly 30% to 40%.
“As more and more shipping companies choose to bypass Cape of Good Hope at the southernmost tip of Africa, shipping times were delayed by about 14 days, which ultimately disrupted shipping schedules to Asian ports. The detour lengthens the operating time of ships at sea, and invisibly affects container turnover, causing the market to face insufficient supply of empty containers.”
Furthermore, it is reported that Chinese shipping companies are fearing a shortage of empty containers, causing a rush to buy, and the market expects the “free charge” era of containers for 6 to 7 months to come to an end.
China Shipping snaps up containers to stock up
According to the news, due to concerns that the supply of empty containers will increase in the future...

PBS interviews Marquette University Professor David Krause about the Wisconsin pension fund buying $168 million of BTC spot ETF.
#Bitcoin   

Recently, many countries have been busy with general elections. India's general election will take more than a month due to its large population. The US is also in the November election this year, but Trump has been charged with as many as 34 charges, and Trump may even be sentenced to prison. Recently, Iceland, the country with the highest level of gender equality in the world, has elected a female president. Mexico also announced a female president, but as many as 31 candidates were murdered during the election campaign. For Mexico, it was the most violent general election in history.

According to X platform Hold15Capital, the global Bitcoin ETF holdings have reached a record high of more than 1 million. It is worth over $68.5 billion.
With the rise of global Bitcoin ETFs, the number of Bitcoin holders increased by more than 30 cents in 2024 compared to 2023, reaching 560 million people.

US: Holds 213,246 bitcoins, current value $13.58 billion China: Holds 190,000 bitcoins, current value $12.1 billion
UK: Holds 61,000 bitcoins, now worth $3.8 billion
Germany: Holds 50,000 bitcoins with a current value of $3.18 billion
Ukraine: Holds 46,351 bitcoins with a current value of $2.95 billion
El Salvador: Holds 5,702 bitcoins with a current value of $363 million
Bhutan: Holds 621 bitcoins, currently worth $39.55 million
Venezuela: Holds 240 bitcoins with a current value of 15.29 million US dollars
Finland: Holds 90 bitcoins, now worth $5.73 million
Georgia: Holds 66 bitcoins, now worth $4.2 million
#BTC #IBIT