Trump is expected to appoint a new Fed chairman next May, after which the Interest Rate is likely to drop significantly. However, voices opposing interest rate cuts within the Fed are growing stronger, which may affect the decision on interest rate cuts. Even with a change in leadership, internal divisions may persist, indicating that future monetary policy may be decided by a slim majority.

According to Jin10, Trump is expected to push for significant interest rate cuts after appointing a new Fed chair next year, but opposition within the Fed to a rate cut in December is becoming increasingly evident, with Powell facing unprecedented internal resistance and the decision-making process potentially experiencing serious divisions.

Golden Financial reported that U.S. consumer confidence fell to one of its historical lows in November, as Americans became more pessimistic about their financial situation. According to data from the University of Michigan, the final consumer confidence index for November dropped from 53.6 in October to 51, just slightly above the preliminary value. The current conditions index fell by 7.5 points to a record low of 51.1. Consumers' views on their personal finances are at their most pessimistic level since 2009. Survey director Joanne Hsu stated, "Consumers remain frustrated by persistently high prices and declining incomes." The data shows that consumers expect prices to rise at an annual growth rate of 4.5% over the next year, which has slowed for the third consecutive month. They anticipate an average price increase rate of 3.4% over the next five to ten years, down from 3.9% in October. While Americans' concerns about inflation have eased somewhat, they still feel anxious about high living costs and job security.

BlockBeats news, on November 22, the London-based ETF issuer LeverageShares will launch the world's first 3x go long/shorting Bitcoin and Ether ETF in Europe next week. Four new products (Bitcoin 3x go long, Bitcoin 3x shorting, Ether 3x go long, Ether 3x shorting) will be listed on the Swiss SIX exchange, further expanding the company's existing lineup of leveraged products.

Analysts from UBS Global Wealth Management believe that the upcoming weak economic data from the United States will lead to a weakening of the dollar, potentially raising market expectations for an interest rate cut in December, thereby suppressing the dollar before the end of the year.

PANews, November 21 news, according to Jin10 reports, The Federal Reserve Board of Governors member Milan: I think the CPI data will only be released after the next FOMC meeting.

Gold Finance reported that BitMine, an Ethereum treasury company listed on NASDAQ, released its latest financial report, which disclosed a net income of $328,161,370 for the full fiscal year 2025, with fully diluted earnings per share of $13.39. Currently, three staking service providers have been selected for pilot projects, while also advancing and expanding the self-developed dedicated staking infrastructure Made-in-America Validator Network (MAVAN). The staking function is expected to officially launch in the first quarter of next year.

Odaily News As Powell's four-year term is set to end in May next year—just six months away—the search for the next Fed chair is in full swing, with five candidates currently vying for what could be the most significant position in the U.S. economy. Powell has endured months of relentless attacks from Trump. Trump has consistently called for a drop in interest rates and has tried to reshape the Fed into a subservient institution. This week, Trump reiterated his desire to fire Powell, stating he 'really wants to get rid of him.' The next Fed chair may need to arm themselves to resist Trump's scorched-earth policy approach—unless that person is Hassett. Hassett has already hinted that he would support Trump's desire for a massive rate cut. (Jin10)

CryptoQuant CEO Ki Young Ju analyzed the market's weakness and predicted that Bitcoin might struggle to rebound in the next 3-6 months, with a real bull run awaiting liquidity recovery next year. He also mentioned that the foreign demand for U.S. Treasury bonds is weakening, and insufficient liquidity will lead to instability in the bond market, with scarce assets like gold and Bitcoin expected to rise in price.

Bitcoin is heading towards its worst monthly performance since 2022, with Placeholder partner Chris Burniske warning that the decline has just begun. Chris Burniske believes, "The DAT dumping phase has only just started; just as we rose, we will also fall." Alliance DAO co-founder QwQiao predicts that the next round of Bear Market needs to fall another 50% to establish a solid foundation. On Friday, Bitcoin fell by as much as 6.4% to $81,629, with prices in November down about 23%, marking the largest monthly decline since June 2022. Despite the White House's supportive stance on cryptocurrency and a surge in institutional users, Bitcoin's price has plummeted over 30% from the historic high reached in early October, with a single-day liquidation amount reaching up to $1.9 billion, exceeding the losses caused by the COVID-19 market crash and the FTX collapse.

Timothy Misir, the research director of BRN, stated that the big dump in the crypto market on Friday pushed the fear and greed index to 11, indicating "extreme fear" in the market. Misir pointed out that as the market capitalization of the entire crypto assets dropped to its lowest point since the second quarter of 2025, liquidity "has almost completely disappeared." After Bitcoin fell below the average of active investors, the market focus shifted to the real market average of $81,900—this is a long-term cost basis accumulation point that he describes as "the next important threshold before a full confirmation of the bear market."

BlockBeats news, on November 21, reported by Bloomberg, despite the recent fall in the crypto market, Tom Lee still believes that Bitcoin will reach 150,000-200,000 USD by the end of January next year. It is worth noting that Tom Lee made a similar judgment in September during the 2025 Korea Blockchain Week Impact summit, where he predicted that Bitcoin would reach 200,000-250,000 USD by the end of the year, and the target for Ethereum was 10,000-12,000 USD.

Fundstrat co-founder Tom Lee reaffirmed his bullish outlook, predicting that Bitcoin will rebound to between $150,000 and $200,000 by the end of January next year. He believes that retail investors will drive the market higher, despite his company facing significant losses due to the drop in Ethereum prices.

According to ChainCatcher news, the Secretary for Financial Services and the Treasury of Hong Kong, Hui Chengyu, stated that they are jointly advancing research on the applicability of existing laws to tokenized bonds, in order to promote the adoption of tokenization technology in the Hong Kong bond market. Details will be announced in the first half of next year. Hui Chengyu mentioned that the previously issued third batch of tokenized green bonds introduced the option of settlement in Central Bank currencies tokenized in RMB and HKD, making it one of the first digital bonds globally to apply these two tokenized Central Bank currencies in the settlement process.

The global Crypto Assets industry is on high alert, preparing to face potential turmoil. Major index provider MSCI is weighing whether to exclude companies that hold significant digital assets from its flagship stock benchmark index. Analysts warn that this move could lead to billions of dollars in passive fund outflows early next year. This discussion began in October and has now become more urgent. Previously, MSCI confirmed that it is consulting the investment community on whether companies holding more than 50% Bitcoin or other Crypto Assets on their balance sheets should continue to meet the inclusion criteria.

The Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, stated at a seminar that Hong Kong is studying the legal applicability of tokenization bonds to promote the technological application in the bond market, with relevant details to be announced in the first half of next year. At the same time, financial regulatory authorities are actively working to optimize the regulatory framework for digital assets to enhance industry development.

Vida, the founder of Equation News, shared his review of buying the dip in Bitcoin, pointing out the need to set a stop loss to avoid losses. He emphasized that he only invested 0.7% of his net worth, which has currently declined by about 1%. He still holds a large amount of cash and is ready to strike at the next suitable buying opportunity.

ChainCatcher news, according to Jin10 reports, Jussi Hiljanen, chief strategist of the research department at Nordea Bank in Sweden, stated in a report that he still expects the yield on the 10-year U.S. Treasury bond to fall to 3.9% in the first quarter of 2026. He pointed out that to achieve this goal, the market must re-establish confidence in the Fed's rate-cutting path. Although recent hawkish remarks from Fed officials have increased uncertainty in the short term, he emphasized that a shift to a more accommodative policy stance, a reduction in interest rate expectations, and lower yields remain his benchmark scenario in the next three to four months.

According to ChainCatcher news and reports from Jin10, Vanguard, a global large asset management company, stated that due to the massive capital expenditure boom in the field of artificial intelligence driving the economy's sustained rise, the Fed's rate cut is expected to be much lower than Wall Street's current widespread expectations. Sara Devereux, head of fixed income, predicts that the Fed may cut rates one to two more times next year, a forecast that sharply contrasts with the market's general bet on three to four rate cuts by the end of 2026.

PANews, November 21 - According to The Wall Street Journal, sources say that Dark Side of the Moon is seeking a new round of financing, which could bring its valuation to around $4 billion. This new round of financing may be completed by the end of 2025, with existing investor Tencent also likely to participate, and IDG Capital may join as well. Dark Side of the Moon plans to seek an IPO in the second half of next year.

Alliance QwQiao reiterates its warning about the crypto market, predicting that the next Bear Market will be more severe than expected due to unidentified investors purchasing trading platforms and ETFs. He believes the market will experience a retracement of about 50%, and recovery will only occur after investors clear their positions.

BlockBeats news, on November 21, Alliance DAO co-founder QwQiao reiterated his view, "The next bear market (I don't know when it will come) will be worse than most people expect. Right now, there is a large group of 'dumb money' that knows nothing about encryption buying spot and ETF. Such a situation never ends well. The market may need another 50% depth retracement to 'wash out' the positions in these people's hands, so that the market can rebuild a solid foundation and continue its supercycle." Placeholder partner Chris Burniske also expressed a similar view, stating, "The dumping era of DAT has just begun. Just as it once rose all the way up, it will now fall all the way down."

JPMorgan pointed out that if MSCI removes the Bitcoin giant MicroStrategy, it could lead to a capital outflow of up to $2.8 billion, with total outflows from other indices such as Nasdaq and Russell potentially reaching $11.6 billion. Analysts believe that the decline in MSTR's stock price is mainly due to market concerns about its removal, rather than a drop in Bitcoin prices. MSCI is evaluating the exclusion of companies primarily holding Bitcoin as an asset, with a decision to be announced by January 15 next year.

Golden Finance reported that the Asia-Pacific market opened lower on Friday, following a decline in U.S. tech stocks as investor hopes for a Fed rate cut in December weakened. Oracle (ORCL.N) and AMD (AMD.O) were among the first AI companies to see declines, while Nvidia (NVDA.O) also pulled back, closing down over 3%. Additionally, the delayed September jobs report released last night showed that the U.S. economy added 119,000 jobs, exceeding economists' expectations. According to CME FedWatch, investors currently estimate that there is about a 40% chance of a Fed rate cut next month, which is unfavorable for those betting on lower interest rates. Early market indications show that tech stocks in Asia are being affected, with the Nikkei 225 index dropping over 2% at the start, and SoftBank Group's stock falling 8%; in South Korea, the KOSPI index quickly widened its early losses to 4%, with Samsung Electronics down 5% and SK Hynix down 9%. (Jin10

BlockBeats news, on November 21, Federal Reserve Bank of Philadelphia President Harker stated that when considering monetary policy over a longer period, one should focus on balancing Inflation and labor market risks. There are upward risks to inflation and downward risks to employment, and monetary policy must be cautiously balanced. The U.S. economy is performing well. The rate cuts so far have been appropriate, but each rate cut sets a higher threshold for the next one. (Jin10)

According to ChainCatcher news, Jin10 reported that Morgan Stanley analyst Michael Gapen stated that strong employment has reduced the risk of rising unemployment, and it is no longer expected that the Fed will cut interest rates in December. Currently, three rate cuts are expected in January, April, and June next year, keeping the final interest rate expectation at 3-3.25%.

According to ChainCatcher news, Jin10 reported that Infrastructure Capital analyst Jay Hatfield stated that the Fed is not expected to cut interest rates in December unless employment data is very weak. He noted that the team still expects the Fed to remain on hold in December and is confident about the gradual decline in inflation. He anticipates four rate cuts next year after the new Fed chair takes office, with the ten-year Treasury yield expected to remain around 4%, which is Favourable Information for the stock market.

According to an analysis report shared by XWIN Research Japan, if the Fed chooses not to cut interest rates at next month's highly anticipated meeting, Bitcoin may remain stuck in a narrow trading range until the end of December. The Federal Open Market Committee meeting in December (FOMC) is expected to be one of the most unpredictable meetings in recent years. The U.S. government shutdown has forced the Bureau of Labor Statistics to cancel the October employment report and delay the data releases for October and November, leaving policymakers to attend the meeting with unclear information.

PANews, November 20 news, Gareth Soloway, a veteran Wall Street trader with 27 years of trading experience, warned on the program that the current market, driven by the AI concept, has seriously overdosed on future valuations, and the market may face a pullback of 10%-15%, which is just the beginning. He pointed out that AI-related stocks accounted for 75% of the S&P 500 index's rise over the past two years, but valuations have already priced in earnings for the next five years, posing significant risks. He stated that Bitcoin's recent performance has been poor due to factors including reduced volatility, decreased institutional buying, and a trend towards risk aversion. He expects Bitcoin may drop to the range of $73,000 to $75,000 in the short term, or even lower, but he plans to gradually buy in within that range to accumulate a long-term position. Regarding the altcoin market, Gareth maintains a cautious attitude and predicts that Ethereum may further decline to the range of $2,800 to $2,700, which is an important support level.

According to a report by Cryptonews, a new survey released by the crypto payment company Zerohash on Wednesday shows that an increasing number of young wealthy Americans are abandoning financial advisors that do not offer crypto asset investment channels, highlighting the growing generational gap in the wealth management sector. The study surveyed 500 American investors aged between 18 and 40, with annual incomes ranging from $100,000 to $1,000,000. The survey results show that 35% of respondents have moved their funds away from financial advisors who do not offer Crypto Assets investments, with more than half of the transferred amounts between $250,000 and $1,000,000. This trend reflects that encryption has quickly moved from the fringe to the mainstream for young investors.

Jin10 reports that a Reuters survey shows: 53% of economists believe that the Bank of Japan is expected to raise interest rates to 0.75% in December. Economists unanimously agree that the Bank of Japan is likely to raise interest rates to at least 0.75% by the end of the first quarter of next year. The expected wage increase in next year's labor negotiations is 4.90%, lower than this year's 5.25%.

Due to the U.S. government shutdown, the non-farm payroll report for September will be released tonight, with an expected addition of 50,000 jobs and the unemployment rate remaining at 4.3%. This may be the last reliable data for the next few months, as economists are concerned that the rise in employment will continue to be weak.

Odaily News Jupiter has disclosed the specific plan for the new Jupuary Airdrop event for the year 2026. The total amount for this season remains at 700 million JUP, with the specific allocation as follows: 1. Initially, only 200 million JUP will be allocated, of which 25 million JUP will be allocated to stakers and 175 million JUP to users; 2. User portion: Only interactions that have incurred transaction fees are eligible to participate, such as ultra, perps, etc.; 3. A reserve of 200 million JUP reward pool will be set aside, and if these tokens maintain their staked status, users will receive an Airdrop before the next conference in 2027; 4. The remaining 300 million JUP will be reserved for Jupnet. 5. The snapshot time is set for January 30, 2026. Odaily Note: Jupiter in

BlockBeats news, on November 20, according to Decrypt, multiple Crypto Assets ETFs are set to begin trading within the next week. Bloomberg analysts predict that the Bitwise XRP ETF will be listed this Thursday, while Grayscale and Franklin's XRP ETFs, as well as Grayscale's DOGE ETF, may start trading next Monday.

xAI has released the next-generation model Grok 4.1 Fast, featuring a context window of 2 million tokens, optimized for customer support and Depth research applications, supporting tool calls and web browsing functionalities. The model has an open API, priced at $0.2 per million tokens input and $0.5 output, and will be available for free trial on the OpenRouter platform.

Vincent Mortier, Chief Investment Officer of Amundi, pointed out that political pressures next year will affect Fed's decisions, increasing the risks of the US dollar and US Treasury bonds. He is optimistic about fixed income, high-quality credit, and inflation-resistant assets, and expects emerging market stocks to continue to pump. He anticipates that the yield on 10-year US Treasury bonds will remain around 4%, and is more optimistic about the outlook for Europe and Japan.

BlockBeats news, on November 20, according to CNBC reports, Bitwise CEO Hunter Horsley stated, "The encryption world is going to see an ETF feast. I believe there will be more than 100 products launched. We will see a large number of single-asset encryption trading platform products (ETPs). However, what excites me the most is the rise of index-based encryption ETPs." Despite the challenging market, he still believes that index ETPs will be one of the most important stories in the encryption field next year and will ultimately become one of the largest categories of interest for investors. Hougan added, "This industry will be ten times larger in the future than it is now." Bitwise launched on October 28.

Golden Finance reported that Block held its 2025 Investor Day event in San Francisco, where management will release the guidance for the full year 2026 performance and the financial outlook for the next three years, and announce an additional $5 billion stock repurchase plan as part of its capital allocation strategy. The company will provide live streaming and replays of the event on its official website.

BlockBeats news, on November 19, HSBC stated that the US dollar may hit bottom in early 2026 before starting to recover. The bank expects the Fed may cut interest rates in December, but believes the likelihood of further cuts in 2026 is small. However, the market currently anticipates about 85 basis points of easing by the end of the year. HSBC predicts that the euro will rise to 1.20 dollars by the end of this year and early next year, before falling back to 1.18 dollars for the remainder of 2026.

Gate News bot, President Trump has stated that he intends to announce the next Fed chairman candidate before Christmas, and currently, Treasury Secretary Scott Bessent is conducting candidate interviews. Scott Bessent's responsibility is to discuss with well-known figures who may take on the role of chairman. As expectations rise for a Fed chair candidate who may take a dovish stance, the market has experienced volatility. Historically, Trump's selections have tended to favor loose monetary policy, which means such a candidate could stimulate volatility in risk assets, including major cryptocurrencies.

According to Coin Central, Senator Tim Scott, Chairman of the U.S. Senate Banking Committee, announced plans to advance the Crypto Assets market structure bill. He expects the Banking Committee and the Agriculture Committee to vote on the bill next month. Scott stated that the final vote could take place in early 2025, bringing the bill closer to becoming law. The bill aims to regulate the Crypto Assets market, striking a balance between protecting consumer rights and enhancing the competitiveness of the U.S. economy. Scott accused Senate Democrats of slowing down the process, hindering the progress of the bill.

On November 19, according to a report by koreatimes, sources said that Naver, South Korea's largest portal site, is expected to confirm its acquisition plan for Dunamu at a board meeting scheduled for next week. Dunamu is the operator of South Korea's largest Crypto Assets trading platform. Insiders revealed that Dunamu plans to hold a board meeting on November 26 to confirm the specific details of the acquisition.

ChainCatcher news, according to Jin10 report, Eastern Bank analyst Mortier stated that he would not be surprised if the Fed Intrerest Rate drops significantly at some point next year.

Odaily News According to monitoring by Solid Intel, Vitalik Buterin warned at Devconnect that Quantum Computing could break elliptic curve Cryptography before the 2028 U.S. presidential election, urging ETH to transition to quantum-resistant Cryptography within the next four years.

According to Cryptonews, Bitcoin temporarily fell below $90,000 on Tuesday - despite an outstanding performance in 2025, it has recorded losses so far this year. Meanwhile, the total market capitalization of Crypto Assets is facing a real risk of falling below $3 trillion. All of this points to a bigger question: Is a Crypto Assets winter approaching? Has the next round of bear market already arrived? Should investors hold their positions or sell off? Five experts weigh in on this: Bitwise research analyst Danny Nelson is unconcerned about the impending crypto winter and believes the outlook remains bullish.

ChainCatcher news, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, revealed in a recent interview that Hong Kong is continuously optimizing its tax exemption policies. The plan is to further expand the existing scope of tax exemptions from family offices and funds to emerging product categories such as private credit, carbon credits, and digital assets. A bill will be submitted to the Legislative Council next year.

Golden Finance reports that Tim Scott, Chairman of the U.S. Senate Banking Committee, stated on Tuesday that he plans to have the committee vote on the Crypto Assets market structure bill next month. Scott said: "By the end of this year, which is next month, we believe we can complete the bill revisions in two committees and initiate voting, and submit it to the full Senate for a vote early next year, so that President Trump can sign this bill." The structure bill for the Crypto Assets market needs to obtain dual approval from the Senate Banking Committee and the Agriculture Committee, as the content of the bill involves both securities regulation and commodity regulation. Scott stated that the bill will help strengthen the United States' dominant position as "the strongest economy in the world for the next century" while protecting consumer rights. The Republican senator had previously attempted to push the bill through before September this year, but was unsuccessful.

According to Jin10, Fox News reports: U.S. Treasury Secretary Basent stated that President Trump may announce the next Fed Chairman before Christmas.

Odaily News Trump stated that he believes he has identified his choice for the next Fed chair, while claiming that someone is preventing him from firing the current Central Bank leader Powell. Trump told reporters: "I think I know my choice." However, he did not specify who the candidate was. U.S. Treasury Secretary Becerra stated that he has narrowed down the contenders to current Fed governors Waller and Bowman, former Fed governor Warsh, White House National Economic Council director Hassett, and BlackRock executive Riedel. Trump said: "We have some surprising names, and some conventional names that everyone is talking about. We might go the conventional route. It's nice to occasionally walk the politically correct path." Becerra had previously stated that he plans to submit recommendations to Trump after the Thanksgiving holiday. The next Fed chair will have to maintain a cautious balance: catering to Trump's desire for low interest rates while also sustaining investment.

According to ChainCatcher news, reported by Jin10, U.S. bank and financial stocks are on the verge of falling below key support levels, sending warning signals to the entire stock market. The weakness in this zone is driven by credit issues and traders reducing bets on Fed interest rate cuts, with the KBW Bank Index falling 4.5% over the past five trading days, and the S&P 500 Bank Index recording a 2.9% decline during the same period. Miller Tabak Chief Market Strategist Matt Maley stated that if bank stocks continue to fall significantly in the next week or two, it will send a major warning signal to the market.