According to PANews, the Federal Reserve's strategy of extending the maturity of its bond holdings to suppress long-term yields signals an impending economic downturn alongside quantitative easing. This approach, likened to driving in fog by Jerome Powell, reflects the current global economic landscape where policymakers, businesses, and investors navigate with limited visibility, driven by liquidity reflexes and short-term gains. The new policy framework is characterized by limited visibility, fragile confidence, and liquidity-driven distortions. The recent 25 basis point rate cut to a range of 3.75%-4.00% is more about risk management than easing, providing future flexibility. Despite opposition from two members, Powell signaled a slowdown, indicating that policy visibility has vanished. The government shutdown-induced data interruption has left the Fed in a blind spot, with no guarantee of a December rate cut. As the market shifts from data dependency to cautiousness in a data vacuum, the likelihood of further rate cuts diminishes, flattening the front-end yield curve. In 2025, central banks' repeated interventions have normalized speculative behavior, with liquidity rather than productivity now determining asset performance. This dynamic inflates valuations while real economy credit remains weak. Discussions extend to a clear understanding of the current financial architecture: passive investment concentration, algorithmic reflexivity, and retail options frenzy. Passive fund flows and quantitative trading dominate liquidity, with volatility now dictated by positioning rather than fundamentals. Retail investors' bullish options purchases cause gamma squeezes, creating artificial price fluctuations in 'Meme' stocks, while institutional funds concentrate on a narrowing range of leading stocks. Looking ahead to 2026, the wave of capital expenditure in artificial intelligence reflects the industrial transformation of tech giants at the end of their cycle. Initially supported by cash flow, AI and data center construction now rely on record debt issuance, such as Meta's $25 billion oversubscribed bond. This shift implies margin compression, rising depreciation costs, and refinancing pressures, setting the stage for a credit cycle shift. The overarching theme from Powell's cautious tone to reflections at the end of the last podcast is the erosion of trust and concentration of power. Continuous policy support for large institutions exacerbates wealth concentration and undermines market integrity. The coordinated actions of the Fed and Treasury, from quantitative tightening to Treasury purchases, reinforce this trend, maintaining top-level liquidity while ordinary households struggle with stagnant wages and rising leverage. The decisive macro risk is no longer inflation but systemic fatigue, as markets appear robust, yet trust in fairness and transparency is eroding, marking the true systemic issue of the 2020s.

According to PANews, a recent report from Citibank suggests that Bitcoin's current weak trading pattern could serve as a warning for a potential decline in the Nasdaq 100 Index. Analysts highlight that the U.S. Treasury's efforts to rebuild its cash balance, along with a reduction in bank reserves by approximately $500 billion, have led to tightened liquidity, negatively impacting Bitcoin and other risk assets. However, as the Treasury's balance nears its rebuilding completion, liquidity may improve, potentially driving a year-end rebound for Bitcoin and the stock market. Additionally, Citibank notes that while the AI boom has supported the stock market, investors remain skeptical about the returns on high AI investments. Concerns are also rising over soaring hardware costs and supply constraints. Tech giants Meta and Alphabet have raised hundreds of billions of dollars through debt issuance to fund data center construction. This shift from cash to debt resembles the internet bubble era, although current corporate balance sheets are more robust. The report suggests that this debt expansion reflects opportunities rather than stress, but it may not necessarily benefit bondholders.

In its latest market note, 10x Research is sounding the alarm that smart money may have already sold the top of this Bitcoin cycle, and is urging traders to closely examine on-chain signals before the next move unfolds. source: https://www.ethnews.com/bitcoin-did-smart-money-sell-the-top/

MEV is not inevitable; it is a form of human exploitation disguised as inevitability. The future of blockchain depends on its ability to eliminate this hidden taxation on users.

According to Coinglass data, the total open interest of ZEC futures contracts across the entire network has surpassed $1 billion, currently reaching $1.09 billion, a record high, with a 24-hour increase of 29.87%. Among them, Binance's ZEC futures contracts have an open interest of 561,000 ZEC, with a market value of $351 million, a 24-hour increase of 26.6%; Bybit's ZEC futures contracts have an open interest of 268,900 ZEC, with a market value of $168 million.

Fitell Corp. (NASDAQ:FTEL) shares jumped 7. 28% in after-hours trading on Thursday, reaching $1. 62. Check out the current price of FTEL stock here. source: https://www.benzinga.com/markets/equities/25/11/48712643/what-drove-fitells-7-rebound-after-hours?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Your daily access to the backroom source: https://www.blockhead.co/2025/11/07/bitcoin-steadies-as-whales-buy-the-dip-etf-flows-turn-positive-again/

Dollar-backed stablecoins reinforce U. S. currency dominance while democratizing finance in developing nations, countering China's debt-trap diplomacy. source: https://cointelegraph.com/news/stablecoins-dollar-and-empower-the-developing-world?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

A U.S. court sentenced Samourai Wallet co-founder Keonne Rodriguez to five years in prison for running an unlicensed crypto mixing service. Prosecutors said the Bitcoin wallet helped launder at least $237 million through tools that hid transaction origins.

ملخص تحليل اليورو دولار اليوم الاتجاه العام: هبوطى. نقاط الدعم لليورو دولار اليوم: 1. 1480 – 1. 1440 – 1 source: https://www.tradersup.com/%d8%aa%d8%ad%d9%84%d9%8a%d9%84%d8%a7%d8%aa-%d9%81%d9%86%d9%8a%d8%a9/%d8%aa%d8%ad%d9%84%d9%8a%d9%84-%d9%81%d9%86%d9%8a-%d8%a7%d9%84%d9%8a%d9%88%d8%b1%d9%88-%d8%af%d9%88%d9%84%d8%a7%d8%b1-eur-usd/%d8%a7%d9%84%d8%a7%d8%ba%d9%84%d8%a7%d9%82-%d8%a7%d9%84%d8%a7%d8%b3%d8%a8%d9%88%d8%b9%d9%89-%d8%a7%d9%84%d8%a7%d9%82%d8%b1%d8%a8-%d8%a7%d9%84%d9%89-%d8%a7%d9%84%d9%87%d8%a8%d9%88%d8%b7/148820

The White House has notified federal departments that Nvidia will not be allowed to sell its scaled‑down B30A AI chip to China. source: https://www.cryptopolitan.com/no-more-dumbed%e2%80%91down-nvidia-chips-for-china/

According to BlockBeats, Onchain Lens has detected that a newly created wallet has received 630 BTC from FalconX, valued at $64.2 million.

Robinhood,Coinbase,insights4.vc：Robinhood 与 Coinbase 2025年Q3业绩对比 金色财经,谁赢了2025年Q3？

Prediction markets, once confined to a small circle of crypto-savvy insiders, are rapidly entering the mainstream. Now, Gemini — one of the most tightly regulated exchanges in the U.S. — is preparing to stake its claim in this emerging sector.

Microsoft tested hundreds of AI shopping agents in a simulated marketplace and found they struggle with decision-making, coordination, and security. The study showed many agents make poor choices when faced with many options and are vulnerable to manipulation, highlighting risks in unsupervised online commerce.

U.S. President Donald Trump is calling himself the savior of Bitcoin, who have ended the "war on crypto", which was started by the Biden administration.

Zcash CEO Josh Swihart provides an in-depth analysis of how Zcash solves the interoperability problem and his view on the final battle between "fintech coins" and "free coins".

Despite ample global liquidity and continued loose monetary policies by central banks, inflows into stablecoins, ETFs, and DAT have slowed, suggesting that cryptocurrencies are entering a phase of self-financing.

The powerful combination of the x402 payment protocol and no-code applications will truly change Crypto. When application costs approach zero, operating costs are fixed and controllable, and payment friction disappears, a massive number of "long-tail super-individual businesses" will inevitably emerge in the market.

South Korean regulators fined Upbit operator Dunamu ₩35.2 billion for failing to follow anti-money laundering and customer verification laws. Officials said the company recorded over eight million identification breaches, making it one of the country’s biggest penalties against a crypto firm.