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In the wake of Trump's victory and China's ambitious plan to manage local debt, Bitcoin is on the rise, and a long-lost treasure from John Lennon finally made its way back to Yoko Ono. Big moves and daring strategies took over the conversation this week, from legendary timepieces to the future of decentralized banking.

The Weekly Fun Fact 🤔

One of the most expensive watches in the world, John Lennon's long-lost Patek Philippe 2499, has been returned to Yoko Ono after years of legal battles. The engraved watch, which Ono had given to Lennon just before his death, had been owned by an Italian collector who had lost his last appeal in a Swiss court. The watch is estimated to be worth $4.5 million, but other people think it might sell for over $11 million at auction. Whether Ono keeps it or decides to sell, imagine all the people (see what we did here 🎶) dreaming of owning such an iconic piece of history.

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🔴 China’s struggles amid rising global trade barriers 📉

A $1.4 trillion plan has been implemented by China to address its slowing economy and growing local government debt. Although the goal of this debt restructure is to reduce fiscal pressures, experts believe that it fails to address more fundamental structural problems, particularly the collapsing property market and declining domestic demand.

Following minor actions in September, the plan points out the growing urgency following Trump's election triumph and his economic threats. Even if the CSI 300 index is up by more than 20% since late September, the housing market is still slow and there are still major barriers to real economic growth. Is this bailout just postponing deeper reforms, or will it be enough to stabilize China's economy?

🟡 Decentralized finance bounces back 📈

Following Trump's election victory, the crypto world applauded as decentralized finance (DeFi) tokens skyrocketed. DeFi's foundations, such as UNI and AAVE, outperformed the market, reflecting optimism and hope for a possible regulatory relief. 

Trump's support for cryptocurrencies may reduce the scrutiny that organizations like the SEC have placed on DeFi platforms like Uniswap and MetaMask. Still, some experts suggest remaining cautious. DeFi still grapples with inefficiencies in collateral and pre-trade settlements, while institutional adoption remains slow. Although there are some challenges, this election win may spark fresh interest and opportunities for DeFi's development.

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🟢 Trump's election sparks a crypto rally 🚀

Donald Trump's election has renewed optimism in the digital asset market, which has the cryptocurrency industry in a frenzy. Ethereum surpassed $3,000 and Bitcoin soared beyond $90,000, while DeFi tokens like Uniswap and Aave showed rises of more than 10%. Investors anticipate radical measures like a national Bitcoin reserve and support for mining in the United States, as well as decreased regulatory pressure.

This pro-crypto administration could redefine the industry, but potential risks like tariffs on China and elevated rates may temper the bullish sentiment.

🎬 And it’s a wrap on this week! From skyrocketing bitcoin prices to China’s bold moves and a watch with a Beatles connection, there’s been plenty of intriguing developments.

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