Golden Finance reported that ShapeShift executive Houston Morgan stated that JPMorgan suddenly closed his business account last Friday and notified him that his personal account would also be closed this week, citing the reason as "to protect Chase's Financial Institution." Morgan indicated that the entire process was without warning, and he was not asked to provide additional information, nor was there an opportunity to appeal. This incident follows the closure of Strike CEO Jack Mallers' account, raising concerns about the "de-banking" of the U.S. encryption industry once again. JPMorgan did not respond to requests for comment.

Golden Finance reports that the currency strategist team at JPMorgan, led by Meera Chandan and Arindam Sandilya, had predicted that the dollar would strengthen after Trump took office this year. However, with the dollar's performance in the first half of the year being the worst in 50 years, the team had to quickly adjust its outlook. The team's view on the dollar turned negative in March and has maintained that stance ever since. The strategists now expect the dollar to fall by about 3% before mid-2026, and then stabilize. However, analysts point out that several key factors complicate the bank's bearish outlook. First, despite the Fed's recent interest rate cuts, U.S. rates remain higher than many other global central banks. They state that this makes global investors more inclined to park their funds in the U.S. and limits the appeal of diversifying investments outside the U.S. More broadly, JPMorgan is concerned about the risks related to the U.S. labor market or growth expectations.

Odaily News The South African Reserve Bank warns: listing cryptocurrencies and stablecoins as new risks poses a significant threat to the national financial sector. (Jin10)

ChainCatcher news, Spain's Renta 4 Banco has obtained the MiCA license issued by the Spanish National Securities Market Commission (CNMV), becoming the fourth bank in the country to legally buy, sell, custody, and transfer encryption assets. This authorization allows Renta 4 to provide institutional custody, receive and transmit order services, and offers transfer services for all clients for digital assets such as Bitcoin (BTC), Ethereum (ETH), etc. Previously, BBVA was the first to obtain the license in March 2025 and launched Bitcoin and Ethereum trading services; Cecabank and Santander Digital Bank Openbank both obtained authorization in July. In addition, Spain has also authorized Deutsche Bank and France through the MiCA European passport.

The European Central Bank report indicates that stablecoins may pose risks to financial stability, especially when investors lose confidence in their redemption capabilities. Tether and Circle, as the largest holders of U.S. Treasury bonds, may trigger a bank run that could lead to the dumping of reserve assets, impacting the $25 trillion U.S. Treasury bond market. Despite pressure on the banking industry, the U.S. continues to support the stablecoin industry, with related regulations like the GENIUS Act aimed at reducing risks.

U.S. Senator Cynthia Lummis criticized JPMorgan's anti-crypto stance and called for an end to the "chokehold action 2.0." She believes that the bank's actions undermine public trust and hinder the development of digital assets, particularly expressing dissatisfaction with JPMorgan's closure of the Bitcoin company Strike's account.

Bank of America predicts that gold prices could reach $5,000 per ounce by 2026, due to factors such as supportive economic policies and tight supply. The average gold price for next year is expected to be $4,538, while also raising forecasts for other metal prices.

Odaily News Citibank analyst Alex Saunders pointed out that $80,000 is a key level for Bitcoin ETF holders, and stated that regulatory breakthroughs next year may restore demand. Therefore, the bank maintains its target price for Bitcoin over the next 12 months at $181,000. Alex Saunders mentioned that interest has not disappeared, but long-term holders are taking a cautious approach, while newcomers believe there is not much reason to get involved when Bitcoin is trading below key technical levels. (CoinDesk)

The European Central Bank released a preview of its financial stability review, predicting that the market capitalization of stablecoins will exceed $280 billion by 2025, with USDT and USDC accounting for nearly 90%. The report warns that the widespread use of stablecoins may weaken banks' funding sources and highlights the need for cross-border risk and global regulatory coordination.

ChainCatcher news, financial technology company Revolut Ltd. has reached a valuation of $75 billion in its latest round of stock sales, a significant rise from last year's $45 billion. This financing round was led by Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company, with participation from Nvidia's venture capital arm NVentures, Andreessen Horowitz, Franklin Templeton, and accounts managed by T. Rowe Price. Revolut offers services such as checking and savings accounts, international remittances, Crypto Assets, and stock trading.

According to a report by Bloomberg, the European Central Bank pointed out in the pre-release version of its financial stability assessment report on Monday: "Stablecoins are rising rapidly and may be widely used in new application scenarios, which could pose risks to financial stability in the future." The report will be officially released on Wednesday. One risk mentioned in the report is that if stablecoins are widely adopted, households may replace some of their bank deposits with stablecoins—"this would reduce a key source of funding for banks and make their overall funding more volatile," said the European Central Bank.

Banking giant JPMorgan suddenly closed the bank account of Strike CEO Jack Mallers in September, raising concerns again about the "de-platforming" practices of banks against Crypto Assets executives. "Last month, JPMorgan kicked me out of the bank," the CEO of the Bitcoin payment-focused company wrote on Twitter last Sunday. "This is so strange. My father was a private client there for over 30 years. Every time I asked them the reason, their answer was the same: 'We can't tell you.'"

PANews, November 24, reported by Jin10, Barclays Research points out that there remains uncertainty regarding the Fed's interest rate decision next month, but Chairman Powell is likely to push the FOMC to make a rate cut decision. Based on recent speeches, Barclays believes that governors Mulan, Bowman, and Waller may support a rate cut, while regional Fed presidents Musalem and Schmidt tend to favor keeping interest rates unchanged. Governors Barr and Jefferson, as well as Goolsbee and Collins, have shown that their stance is still unclear but leans more towards maintaining the status quo. Governors Cook and Williams rely on data but seem to support a rate cut more. Barclays stated: "This means that before considering Powell's position, there may be six voters inclined to keep interest rates unchanged and five inclined to cut rates." The bank added that Powell will ultimately dominate this decision, as the threshold for governors to publicly oppose his stance is very high.

Odaily News According to FDIC data, U.S. banks had an unrealized loss of $395 billion in investment securities in the second quarter.

Golden Finance reports that the relaxation of regulations by American banks is expected to release about $2.6 trillion in loan capacity, enhancing their valuation relative to European banks. Analysts believe this will promote lending, mergers and acquisitions, and technology investment, thereby boosting profits and market share, supporting the rise of U.S. bank stock prices.

According to Jincai Finance and Nikkei News: Bank of Japan committee member Kazuhiro Ikeda stated that we are about to make a decision on raising interest rates. I can't say which month, but we are approaching the timing for a rate hike.

According to a report by the Korean Broadcasting Company (KBC), a loan manager at Gwangju Bank in South Korea embezzled $724,620 from the bank and used it for Crypto Assets investment. The bank stated that the unnamed manager stole the funds between May and November 2023, but the disappearance of the funds was only discovered in the second half of this year. A spokesperson for Gwangju Bank stated: "During a recent review of the historical data on project financing loan interest, we discovered this embezzlement case. We will decide on the extent of disciplinary action to be taken after completing the internal audit." The spokesperson mentioned that the employee has repaid the bank $105,581.

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.

According to ChainCatcher news and Jin10 reports, Standard Chartered Bank expects the Fed to cut interest rates in the first quarter of 2026, most likely in January, whereas the previous forecast was that there would be no rate cuts in 2026.

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 Golden Finance, the Central Bank of Norway (Norges Bank) has incurred hundreds of millions of dollars in losses on its investment in Strategy, formerly known as MicroStrategy. Unlike the Fed and other central banks, Norges Bank directly invests in stocks, including common stocks of Strategy (stock code: MSTR) and other stock index components. Sometimes, such investments can result in losses. In fact, this sovereign wealth fund has experienced losses this year in its investments in several listed companies in Canaan, MARA, and the Crypto Assets sector. Norwegian banks began to buy MSTR stock in small amounts since 2008 - at that time, Strategy had not yet transformed into a Bitcoin (BTC) reserve company - but increased their holdings during 2024. As of June 30, 2024, Norway has

PANews, November 21, news, the Governor of the People's Bank of China, Pan Gongsheng, recently attended the launch ceremony of the China-UAE Payment Cooperation Project together with the Vice President of the UAE, Mansour, and the Governor of the Central Bank, Khaled. The two sides signed a memorandum of understanding on cross-border payment connectivity, announced the interconnection of the two countries' fast payment systems, and supported online fast cross-border remittances for enterprises and individuals; witnessed the first transaction of the "UnionPay-Jaywan" dual-brand card; and officially launched the UAE multilateral digital currency bridge project JISR to promote bilateral financial cooperation and improve cross-border payment efficiency.

Investment bank Jefferies reports that the stablecoin Tether has become a significant buyer in the gold market, holding 116 tons of gold and becoming the world's largest non-sovereign holder of gold. With the rise of USDT, Tether may continue to increase its gold reserves.

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 Fed's Goolsbee stated that if the government could tell the central bank how to handle interest rate issues, Inflation would rise, and economic growth would slow down. He emphasized that the loss of independence by the Fed would be painful for him and the market.

The Federal Reserve Board of Governors Cook warns that the complexity of leveraged companies in the financial sector is increasing, and it is necessary to monitor the unexpected losses from private credit on the financial system, especially the vulnerabilities that may arise from the expansion of hedge funds in the Treasury market. Despite the challenges, the financial system remains resilient.

ChainCatcher message, the self-custody Web3 bank Tria announced the launch of its one-month Treasure event to reward those who have been using Tria. Specifically, from November 19 to December 15, Tria will fully reimburse one eligible X user for a Tria consumption every day.

Odaily News Wall Street investment bank JPMorgan stated that the market performance of Bitcoin treasury company Strategy has been relatively poor recently, and the recent market decline has led to increasing concerns that index provider MSCI may remove the company from key stock indices on January 15, 2026. Analysts believe that if MSCI removes Strategy, it could further impact the crypto market and exacerbate fluctuations, while losing the status as a major index component will also damage Strategy's reputation and raise doubts in the market about its financing capabilities in the stock and bond markets. (CoinDesk)

Deutsche Bank analysts pointed out that the market's focus on the September non-farm report has been delayed, which may affect the decision to cut interest rates in December, especially in the current situation where the employment market's rise rate is low, and any signs of weakness are attracting attention.

Odaily News The Governor of the Central Bank of India stated that a cautious approach is being taken towards Crypto Assets and stablecoins. (Jin10)

Golden Finance reported that Bloomberg cited informed sources stating that a Chinese venture capital company has acquired a stake in ByteDance, valuing the company at $480 billion. According to reports, venture capital firm Today Capital has outbid several interested companies to acquire shares from ByteDance's early institutional investor, Bank of China. Initially, this batch of shares was priced at about $200 million, corresponding to a valuation of approximately $360 billion for ByteDance. However, with as many as seven institutions participating in the bidding, the price quickly escalated, and in the end, Today Capital, led by Chinese venture capital queen Xu Xin, purchased the shares for nearly $300 million at a company valuation close to $500 billion.

According to ChainCatcher news and a report from CoinDesk, India plans to launch a stable digital asset ARC pegged 1:1 with the rupee in the first quarter of 2026, developed jointly by Polygon and local fintech company Anq. ARC will operate on the basis of the Central Bank Digital Currency (CBDC) and adopt a dual-layer structure, issuing only to corporate accounts, aimed at curbing capital flow towards dollar stablecoins and supporting domestic debt needs. This mechanism combines Uniswap v4 Allowlist control, reinforcing Compliance and ensuring monetary sovereignty.

The People's Bank of China held a joint meeting in Beijing, focusing on financial support for the coordinated development of the Beijing-Tianjin-Hebei region, emphasizing the importance of industrial integration, proposing the need to innovate financing products, and optimize Financial Service to promote regional coordinated development.

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%.

A banking Trojan called "Eternidade Stealer" is spreading widely in Brazil through WhatsApp, using false messages to trick users into clicking malicious links, infecting devices and stealing bank and Crypto Assets account login credentials. Security experts advise users to be cautious of links and keep their software updated.

PANews, November 20 news, China's Central Bank has kept the one-year and five-year Loan Prime Rate (LPR) unchanged at 3% and 3.5% respectively, maintaining the unchanged rate for six consecutive months.

Gate News Bot news, on November 20, according to CoinMarketCap data, as of the time of this report, BTC (Bitcoin) is currently priced at 91756.33 USD, down 0.59% in the last 24 hours, reaching a high of 104,000 USD and a low of 88526.83 USD, with a 24-hour volume of 800.84 billion USD. The current market capitalization is approximately 1.83 trillion USD, a decrease of about 10.929 billion USD compared to yesterday. Bitcoin is an innovative payment network and a new type of currency. Bitcoin operates using peer-to-peer technology, without a central authority or bank managing it; transaction management and the issuance of Bitcoin are conducted collectively by the network. Bitcoin is open source; its design is public, no one owns or controls Bitcoin, and everyone can participate. Through Bitcoin's many unique properties, it

The Federal Reserve Board of Governors member Stephen Milan stated that the regulatory framework for Wall Street needs to be readjusted first before discussing the economic issues of the Central Bank's balance sheet. He emphasized that the interaction between regulation and financial markets is often underestimated, and pointed out that the rules became too strict after the 2008 crisis, leading to some banking activities falling out of regulation.

According to ChainCatcher news and Jin10 reports, U.S. banks pointed out that technology stocks have faced capital outflows for the fifth consecutive week, indicating a weakening of market investment confidence in the zone.

BlockBeats news, on November 19, The Federal Reserve Board of Governors member Milan will deliver a speech on "Banking Regulation and the Fed's Balance Sheet" in ten minutes. (Jin10)

Bond dealers rejected the New York Fed's suggestion to use loan instruments to alleviate tensions in the repo market, believing that borrowing directly from the Central Bank could bring stigma risks, as well as operational and balance sheet constraints, making the use of standing repo tools complicated.

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.

Standard Chartered Bank believes that despite the divergence in the Fed's decisions, a rate cut may still occur in December. The main reason is the anticipated weak employment data from September to November, which will affect the direction of monetary policy.

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.

Gate News Bot message, on November 19, French encryption banking technology company Deblock completed a €30 million Series A funding round, which was led by Speedinvest, with CommerzVentures and Latitude participating, and existing investors 20VC, Headline, and Chalfen Ventures also joining the round. Since its launch in France in April 2024, Deblock has accumulated over 300,000 users. The company offers what it calls Europe's first fully on-chain banking solution: a regulated electronic money institution (EMI) euro account combined with a 100% self-custodied encryption wallet, allowing users to manage both fiat and digital assets on a single platform.

Gate News Bot news, on November 19, according to CoinMarketCap, as of the time of writing, BTC (Bitcoin) is currently reported at $92,300, rising 0.39% in the last 24 hours, with a high of $105,300 and a low of $89,300, and the 24-hour volume has reached $100.765 billion. The current market capitalization is approximately $1.84 trillion, an increase of $7.092 billion compared to yesterday. Bitcoin is an innovative payment network and a new type of currency. Bitcoin operates on a peer-to-peer technology, requiring no central authority or bank to manage it; transaction management and Bitcoin issuance are conducted collectively through the network. Bitcoin is open source; its design is public, no one owns or controls Bitcoin, and everyone can participate. Through its many unique features, Bitcoin allows for past any support.

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.

Polygon Labs revealed that the Digital Bank Revolut has integrated Polygon for stablecoin transfers and trading, allowing users to send and receive USDC and USDT within the app, enjoying zero transaction fees. By 2025, the volume will exceed 690 million USD.

PANews November 18 news, according to Bloomberg, HSBC Holdings Plc will launch tokenization deposit services for corporate clients in the United States and the United Arab Emirates in the first half of next year. Manish Kohli, head of global payment solutions at HSBC, stated that the tokenization deposit service allows clients to conduct real-time domestic and cross-border fund transfers 24/7, without being limited to business hours, and this system helps large enterprises manage liquidity more efficiently. HSBC's tokenization service has been launched in Hong Kong, Singapore, the UK, and Luxembourg, and currently, the bank supports transactions in euros, pounds, dollars, Hong Kong dollars, and Singapore dollars. Kohli stated that when the service expands to the Middle East next year, the UAE dirham will be added. According to Kohli, HSBC plans to expand the application scenarios for tokenized deposits in programmable payments and autonomous vaults.