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)

Odaily News Strategy founder and Executive Chairman Michael Saylor posted on the X platform "Probably Nothing," possibly implying that he did not increase his Bitcoin holdings over the weekend.

Odaily News The Federal Reserve Board of Governors Waller stated that the employment data for September may be revised downwards, and the appearance of the data is not a good sign. Inflation has risen, but I believe it will begin to decline. (Jin10)

Wall Street analysts warn that Bitcoin may experience a big dump of 40% to $50,000 in 2026, with prices expected to fall 60% from historical highs, due to market fluctuations and investor risk aversion stemming from changes in gold and oil prices.

The cryptocurrency asset tax system originally scheduled to be implemented in South Korea in 2027 may face a fourth delay due to the inadequacy of its core system. Industry insiders are calling for a prompt clarification of the tax subjects and methods to maintain trust in the system. The number of users on domestic virtual asset exchanges has reached 10.77 million.

The electronic securities law and capital markets law amendments in South Korea have passed review, promoting the institutionalization of Security Token Offerings (STO), with the market expected to open in the first half of next year. These amendments will incorporate Blockchain into the electronic registration system and provide a regulatory foundation for asset tokenization and circulation.

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.

According to a report by Jinse Finance, Paolo Zanghieri, a senior economist at Generali Investments, stated that he and his team believe the market is reflecting a rate cut that exceeds what the Fed may actually implement. "We believe the probability of a rate cut next month is 50%. Given the limited new data, it is reasonable for the Fed to wait until January of next year to cut rates while signaling a tendency towards easing. More importantly, based on hopes for a rapid decline in inflation, the market expects nearly four rate cuts next year, which seems overly optimistic. We expect only a 50 basis point cut by summer."

BlockBeats news, on November 24, QCP published a daily analysis indicating that after experiencing a pullback of about 30%, BTC has shown initial signs of a Rebound. The Fed's dovish remarks have raised expectations for a rate cut in December to 75%, and market Liquidity may be shifting. Derivation data shows that investors have not abandoned bullish bets, with the open interest of call options at the end of the year still higher than that of put options, concentrated in the 85K to 200K range. At the same time, the negative funding rate suggests that long positions have been cleaned out, and short-term downside risks have decreased. The market trend in the coming days may depend on U.S. retail data, core PCE, and ETF fund flow performance.

After a slight Rebound over the weekend, the price of Bitcoin held at the $86,000 mark on Monday. Previously, the price of Bitcoin had fallen sharply last week, dropping to a several-week low. The overall performance of the Crypto Assets industry was slightly better, rising by about 1% in the past 24 hours. This trend indicates a cautious shift in market sentiment after several days of dumping and large-scale liquidations. Mainstream coins such as Ethereum, XRP, Solana, and Dogecoin have also seen a slight rise this week. These Crypto Assets are currently above key support levels, indicating that the recent Rebound momentum may continue. However, analysts warn that market sentiment remains weak, and once market momentum begins to wane, it can be easily impacted.

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.

According to BlockBeats news on November 24, data from DefiLlama shows that the total market capitalization of stablecoins continues to decline, decreasing by 0.33% over the past week, currently reported at 302.837 billion USD. This figure has dropped more than 6 billion USD from the previous peak of 309 billion USD, marking the largest single-month fall since the Luna crash in May 2022.

BlockBeats news, on November 24, wealth management company Swissblock stated that current risk aversion signals have sharply declined, and selling pressure has eased, indicating that the worst of the dumping phase may be temporarily over. If risk aversion sentiment is used as a bottom warning indicator, the coming week will be crucial. Investors need to see the selling pressure continue to weaken. Generally, the second wave of dumping (with less intensity than the first wave and prices maintaining at previous lows) will become one of the most reliable bottom signals. The second wave usually marks the exhaustion of sellers, with control returning to long positions.

The Economist pointed out that Crypto Assets have transformed from being "objects of ridicule" to a "widely accepted and even encouraged" asset class, but the big dump in Bitcoin prices indicates that the industry is rapidly declining. "The lack of new bullish narratives to support further rises in the price of a speculative asset—one that generates no income and relies entirely on future capital gain expectations—poses a significant challenge." The article also noted that the increasingly close ties between Crypto Assets and the TradFi sector could trigger a broader economic recession—if stablecoins face dumping, it could shake the bond market or lead to a fall in tech stocks.

Odaily News Market News: Thai crypto assets exchange Bitkub is considering an initial public offering in Hong Kong. Bitkub may launch its IPO in Hong Kong as early as next year to raise approximately $200 million. (Jin10)

According to ChainCatcher news reported by Theblock, Jack Mallers, CEO of the crypto payment company Strike, stated that JPMorgan closed his account without warning, citing concerning activities associated with it. Reports indicate that Mallers' experience has raised questions in the market about whether the so-called "Biden-era 'choke point 2'" is still being implemented. This once again highlights the de-banking issues faced by the crypto assets industry, as restrictions imposed by financial institutions on crypto-related businesses may still continue.

According to a report by Jinse Finance, a research report from China International Capital Corporation indicates that, unlike the past three years, the current rise in precious metals is primarily driven by the cyclical demand for gold, while the price increase of silver has surpassed that of gold. Looking ahead to 2026, the firm believes that cyclical demand and structural trends are expected to continue driving the upward trend in gold and silver prices. In the benchmark scenario, the firm estimates that the COMEX gold price will rise to $4,500 per ounce by 2026, and the silver price will rise to $55 per ounce, indicating further upward potential compared to the current trend. The firm believes that the cyclical investment demand for precious metals has not yet reached its peak, as the U.S. monetary policy may shift to easing in the short term, and the long-term risk of inflation expectations becoming unanchored may persist. On the other hand, under the new macro order, the unique allocation value of physical gold and the strategic resource attributes of silver will become increasingly prominent, providing structural support for global central banks to buy gold, private physical investments, and regional stockpiling.

SoSoValue data shows that last week, the trading volume of 11 spot Bitcoin ETFs listed in the United States reached a historic high, with a total trading amount exceeding $40.32 billion, which may indicate a wave of dumping by institutional investors. Among them, BlackRock's IBIT led with a trading volume of $27.79 billion, accounting for nearly 70% of the total trading volume. On just last Friday, the trading volume of these funds exceeded $11.01 billion, with BlackRock's IBIT contributing $8 billion. The record trading activity was accompanied by a sharp drop in Bitcoin prices and large-scale redemptions, indicating that institutional investors are rushing to sell.

BlockBeats news, on November 24, the New York Stock Exchange (NYSE Arca) has approved the listing of Franklin Templeton's XRP Spot ETF, with the trading code XRPZ and an annual fee rate of 0.19%. Franklin plans to waive fees on the first $5 billion of assets, with the free period lasting until May 31, 2026. Previously reported, the New York Stock Exchange (NYSE Arca) has approved the listing of Grayscale's DOGE and XRP Spot ETFs, which will officially start trading this Monday. The trading code for Grayscale's DOGE Spot ETF is GDOG, and the trading code for Grayscale's XRP Spot ETF is GXRP. Grayscale's Chainlink (LINK) ETF is also set to launch in about a week.

Bitwise CEO Hunter Horsley stated that due to factors such as insufficient Liquidity, most digital asset financial companies will trade at a discount, and only outstanding companies will trade at a premium. Most DATs will transform into operational companies and may acquire private small encryption companies, while digital asset management companies are still in the early stages of development.

Bitcoin has recently rebounded, with a current trading price of approximately $87,645. Analysts point out that there is insufficient market liquidity, and in the short term, Bitcoin may remain in the range of 85,000 to 90,000. If it can stabilize above 88,000, it is expected to confirm a bottom; otherwise, it faces the risk of falling to 80,000. The overall crypto market has risen by 1% in the past 24 hours.

According to Bloomberg, Bitcoin started the week lower after experiencing a prolonged dumping, making it likely to record its worst monthly performance since 2022. After a rebound over the weekend, Bitcoin fell 2.3% in early trading on Monday, briefly dipping below $86,000, before narrowing its losses. As of 10:24 AM Singapore time, Bitcoin was trading at $87,986. Despite the Bitcoin price being well above last Friday's low of $80,553, traders do not believe it is worth celebrating. Although institutional investors' acceptance of cryptocurrencies has surged, and U.S. President Trump has strongly supported the cryptocurrency industry and pushed for a series of policy initiatives, the entire cryptocurrency market remains in a noticeable slump.

Gate News Bot news, on November 24, according to CoinMarketCap, as of the time of this report, WLFI (World Liberty Financial) is currently priced at 0.16 USD, having risen 6.37% in the last 24 hours, with a high of 0.17 USD and a low of 0.12 USD. The 24-hour volume reached 231 million USD. The current market capitalization is approximately 3.901 billion USD, an increase of 234 million USD compared to yesterday. WLFI recent important news: 1️⃣ **Changes in WLFI Reserve Company's Executive Team Raise Regulatory Concerns** The CEO and Chief Revenue Officer of WLFI Reserve Company ALT5 Sigma have been placed on leave, and the company's board of directors is investigating "certain matters related to the company." There is a significant discrepancy in the timing of the disclosure regarding this executive change, which may violate

Gate News Bot news, on November 24, according to CoinMarketCap data, MAV (Maverick Protocol) is currently priced at 0.03 USD, falling 24.52% in the last 24 hours, with a high of 0.05 USD and a low of 0.02 USD. The current market capitalization is approximately 228,000 USD, a decrease of 7,415,200 USD from yesterday. Important news about MAV recently: 1️⃣ **Market popularity ranking has significantly increased** Maverick Protocol (MAV) has surged to the 3rd position in the cryptocurrency market popularity rankings on November 23, indicating a significant increase in investor interest in the project. This increase in attention may be one of the important factors driving MAV price fluctuations. 2️⃣ **Price Fluctuation**

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.

CITIC Securities pointed out that the decline of the US stock market on November 20 was mainly driven by macro factors rather than a collapse of the AI bubble. Profit-taking and the Fed's hawkish statements triggered a pullback, and the market may focus on Trump's nomination of a new Fed chairman in the future. At the same time, the fundamentals of the AI zone are solid, and the possibility of a bubble burst in the short term is low.

Ethereum founder Vitalik Buterin predicts that the feature showing the country of an account will have positive effects in the short term, but it may be spoofed by players in the medium term. Regarding user privacy, he believes it is inappropriate to display country information without consent and calls for the protection of user privacy.

Golden Finance reports that NYDIG's Greg Cipolaro stated that the fall in Bitcoin prices is driven by market structural mechanisms rather than being dominated by emotions, and the key sources of demand are reversing. Spot Bitcoin ETFs continue to see capital outflows (with $3.55 billion flowing out in November), while the supply of stablecoins is decreasing, indicating that capital is leaving the market. Cipolaro warned that the market may experience higher volatility in the short term, but he still maintains a long-term bullish outlook and advises investors to be prepared for fluctuations.

Golden Finance reported that White House economic advisor Hassett: The new leadership of the Fed may be expected to cut interest rates, and Trump may interview Fed candidates in the coming months. We may determine the Fed chair candidate around the New Year.

BlockBeats news, on November 23, U.S. Treasury Secretary Basent stated that the entire economy is not facing a recession risk. Some prices are expected to decline within weeks, while others may take months. (Jin10)

As the trend of tokenization of real-world assets increases, RedStone co-founder and Oracle provider warns that the difference between traditional markets being closed over the weekend and the crypto market continuing to trade may pose significant risks, necessitating a more robust Oracle architecture to address price misalignment issues.

CITIC Securities research report points out that the volatility of global risk assets stems from liquidity issues and dependence on AI narratives. Changes in Fed interest rate cut expectations have triggered asset valuation corrections, and market anxiety over the sustainability of AI infrastructure has intensified. Under the influx of stable funds, the A-share market may experience a "sharp fall and slow rise," providing opportunities for investors to position themselves.

Macroeconomist Lyn Alden stated that Bitcoin and the entire crypto market are unlikely to experience a significant crash, as the current market has not yet reached a state of frenzy. Furthermore, she believes that this cycle may last longer, driven mainly by macroeconomic factors and people's interest, rather than Halving.

ChainCatcher news, Bloomberg Intelligence's latest report points out that the recent fall of Bitcoin has broken through an important support level, seemingly indicating a weak performance for risk assets by the end of the year. This indicator currently shows a reverse relationship with the volatility of the S&P 500 index. However, there may be momentum growth in 2026, as the current market downturn may have bottomed out. With the adjustment of positions on Wall Street coming to an end, there will be significant room for a pump ahead.

Odaily News According to the New York Times, companies such as JPMorgan, Citigroup, and Morgan Stanley have been notified by SitusaMC that their customer data may have been compromised.

Bitwise Chief Investment Officer Matt Hougan analyzed that the upcoming Fusaka upgrade of Ethereum will significantly enhance the token's value capture ability and introduce minimum fees for Layer 2, which could be an important factor for Ethereum to lead the market Rebound.

Bitwise consultant Jeff Park pointed out that the recent market dumping demonstrates "strike price stickiness," reflecting a concentrated view among market participants at specific price points rather than mechanical hedging. This could mean that the market will rebound quickly or that volatility will remain high.

Due to the different tax treatments of Crypto Assets and stocks in Japan, the Digital Asset Treasury (DAT) stocks have performed better than Bitcoin in Tokyo. However, if the Japanese tax authorities modify the taxation policy on Crypto Assets, the appeal of DAT may decline.

According to a report by Golden Finance, Lido's currently acquired stake assets have exceeded those in May 2021, but the valuation of LDO is lower. The staked assets have increased from $1.2 billion to $35 billion, while the valuation of LDO has decreased from $2.1 billion to $1 billion.

Odaily News Bitwise CEO Hunter Horsley posted on the X platform, stating, "Currently, there are 3 different Bitwise ETFs in the United States with over 40 million dollars in inflows. Some people may be selling, but ETF investors are buying. Most people are unlikely to perfectly time the buy the dip moment; the best practice is to buy when you think a favored asset looks cheap. And for many people, (current encryption) assets look cheap enough. I think we will see this moment as an opportunity."

Odaily News Base ecosystem DEX Aerodrome officially stated on X platform that the team is investigating a potential DNS hijacking incident. Please do not use the main domain of the website, it is under investigation.

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.

Jin10 reports that Reuters on the 21st cited sources revealing that the Trump administration is considering approving the export of NVIDIA's H200 artificial intelligence chips to China. The report cited informed sources stating that the U.S. Department of Commerce, which oversees U.S. export controls, is reviewing changes to export restrictions to China, and that related plans may change. The report stated that the U.S. Department of Commerce has not yet responded to this, and NVIDIA has not directly commented on the matter.

Ethena Labs has partnered with Nunchi, which will create Perptual Futures based on the yield market, allowing users to participate in trading such as RWA Intrerest Rate. Part of the revenue will support the Ethena ecosystem, and there may be a Token Airdrop. At the same time, users can trade with USDe to receive transaction fee rebates and funding rate discounts. Users who stake nHYPE can also receive 20 times the Ethena rewards.

According to ChainCatcher news, the Trump family's encryption project "World Liberty Financial" partner WLFI Reserve Company ALT5 Sigma stated in documents submitted to the SEC that its CEO was officially suspended on October 16, but internal emails show that the company's board had actually placed him on "temporary leave" as early as September 4. Several securities regulation experts indicated that this significant time difference may have violated information disclosure rules. The enclosed email also revealed that the Chief Revenue Officer Vay Tham was simultaneously placed on leave, as the board's special committee is investigating "certain matters related to the company." According to SEC regulations, listed companies must disclose when executives actually cease to perform their duties.

Odaily News CZ posted on the X platform, stating: "I may have played some role in the Bridgewater founder Ray Dalio's allocation to Bitcoin, and of course, in exchange, I have also learned from him." Previously, it was reported that Ray Dalio disclosed that he has long held a small amount of Bitcoin, which has consistently accounted for about 1% of his investment portfolio.

Odaily News Strategy founder and executive chairman Michael Saylor has once again posted on the X platform in response to the market fall, stating: "Endure". Previously, Michael Saylor also posted saying "They will say we were lucky," implying that the current market low may be a buying opportunity.

The Fed Vice Chairman Jefferson believes that the development of artificial intelligence is significantly different from the internet bubble of the late 1990s, and that the current valuations of AI companies are lower than the peak values of internet companies at that time. He pointed out that it is still too early to judge the impact of AI on monetary policy, and that the financial system remains robust.

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.

According to ChainCatcher news and Jin10 reports, Fed's Collins stated that maintaining interest rates stable is appropriate at this time, as inflation may remain high for a period. She added that the labor market seems to be cooling, but the rate of decline is not fast. Collins pointed out that if there are clear signs of significant deterioration in the labor market, it will be taken very seriously, which could provide a reason for further easing in the near future, but so far there have not been significant changes in the unemployment rate.