Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
The US government shutdown is highly likely. Hold onto your cash; there may be volatility next week, so wait for a dip to buy the dip in US stocks and cryptocurrencies.
Storm Center: Over the past three weeks, federal agents have shot and killed two American citizens in Minneapolis, Renee Good and Alex Pretti. A video showing ICU nurse Pretti being pepper-sprayed and restrained before being shot has radicalized grassroots Democrats. Senate Majority Leader Chuck Schumer has made his position clear: Democrats will not vote for any funding bill that includes Department of Homeland Security (DHS) funding.
The Republican-controlled Senate needs 60 votes to overcome a filibuster. Without Democrats, they cannot achieve this. Usually, moderates like Senator Angus King or Mark Warner bridge the divide, but the anger over Minneapolis is so intense that even these swing votes have publicly refused to support the DHS bill. Without them, the bill cannot pass.
A previous law, the "Beautiful Bill," granted ICE a massive surplus of $75 billion, which is a "private fund" outside the annual budget process. This means that even if the government shuts down, ICE still has enough funds to continue its controversial operations indefinitely. President Trump has no economic incentive to compromise, which weakens the usual push for an agreement.
The sky is not clear; a massive snowstorm has paralyzed Washington, forcing the Senate to delay until Tuesday night to resume. In this critical week, every minute counts, and the Senate has lost 24 hours of key negotiation time due to the weather.
The Senate operates on a "unanimous consent" basis. To pass the bill on Friday, every senator must agree to skip the mandatory waiting period. If just one senator, like Rand Paul or Bernie Sanders, opposes, time runs out. With the Senate reconvening later Tuesday, the standard procedural timeline has been extended past the Friday midnight deadline. The physics of time are working against them.
The House has already passed this version of the bill and is in recess until February. They are not in Washington. If the Senate amends the bill (for example, by removing DHS funding), they will need to reconvene the House in a snowstorm. Speaker of the House Mike Johnson is unlikely to do so just to pass a bill that favors Democrats.