BTC falls below $90,000; Tether plans to acquire Juventus football club.

Headline

▌BTC Falls Below $90,000

Market data shows that BTC has fallen below $90,000, currently trading at $89,960.16. The 24-hour increase has narrowed to 0.14%. Market volatility is high; please manage your risk accordingly.

▌Tether Plans to Acquire Juventus Football Club, Preparing to Invest $1 Billion to Revitalize the Club

Stablecoin issuer Tether announced plans to fully acquire Italian football club Juventus FC.

The company has submitted an all-cash binding offer to its controlling shareholder, Exor, to acquire 65.4% of its shares, and is prepared to launch a public tender offer for the remaining shares after the transaction is completed, aiming to increase its stake to 100%. Tether stated that if the transaction is successful, it will inject $1 billion into the club. CEO Paolo Ardoino emphasized that, as a lifelong Juventus fan, he hopes to leverage Tether's strong financial resources to provide long-term and stable capital support for the team. Following the announcement, Juventus' fan token, JUV, briefly surged by 30%.

Market Data

As of press time, according to CoinGecko data:

BTC price is $92,757.08, up 0.7% in the last 24 hours;

ETH price is $3,241.25, down 2.6% in the last 24 hours;

BNB price is $887.54, down 0.9% in the last 24 hours;

SOL price is $136.59, down 0.1% in the last 24 hours;

DOGE price is $0.1409, down 2.1% in the last 24 hours;

▌White House “Crypto and AI Czar” Stands Out for Trump’s AI Regulations, Says They Aim to Ease Corporate Compliance Burden

White House AI and cryptocurrency advisor Sachs defended President Trump’s move to restrict state regulations on artificial intelligence, saying it aims to ease the growing compliance burden on businesses. Sachs said that, according to an directive signed by Trump on Thursday, the government is working with Congress to develop common standards for regulating this emerging technology. Currently, the development of AI models can be carried out in multiple states, each with its own regulatory standards.

▌Maji's ETH long positions were liquidated in the early morning, resulting in a loss of $20.62 million since the crash on October 11th

According to on-chain analyst Yu Jin, Maji (Huang Licheng)'s ETH long positions were liquidated during the early morning drop. Since the crash on October 11th, he has lost $20.62 million of his principal.

▌Itaú, Brazil's largest private bank: Recommends allocating no more than 3% of assets to Bitcoin

According to Bitcoin Magazine, Itaú, Brazil's largest private bank, is recommending that investors allocate up to 3% of their assets to Bitcoin.

**Important Economic Updates** ▌US stocks continue their decline, with the Nasdaq falling more than 2%. ▌US stocks continued their decline, with the Nasdaq falling more than 2%. Market data shows that US stocks continued to decline throughout the day, with the Nasdaq 100 index falling more than 2%. US-listed crypto stocks generally declined, including: Strategy (MSTR) down 2.13%; Circle (CRCL) down 6.3%; Coinbase (COIN) down 1.56%; MARA Holdings (MARA) down 3.2%; Riot Platforms (RIOT) down 3.4%; BitMine Immersion (BMNR) down 6.7%; SharpLink Gaming (SBET) down 4.4%. Spot gold fell below $4260/oz, down 0.50% on the day. Bank of America believes the Fed's Treasury bill purchases may put pressure on 10-year Treasury yields. Bank of America's interest rate strategists stated that the Fed's purchases of Treasury bills to maintain ample cash in the banking system could suppress long-term yields. Wall Street strategists generally expect the Fed's Reserve Management Purchases (RMP) operations—coupled with its October decision to use proceeds from mortgage-backed securities on its balance sheet to purchase Treasury bills—to absorb most of the net supply of Treasury bills over the next year. Bitcoin, after hitting a new high in October, has struggled to maintain its gains since late November. Meanwhile, the US labor market has cooled significantly. The US unemployment rate has climbed to around 4%, reaching its highest level in recent years. Data from the Bureau of Labor Statistics (BLS) and the Federal Reserve Economic Data (FRED) series shows that monthly non-farm payroll growth has slowed from post-pandemic levels to a more modest six-digit increase. Job openings and departures have also declined from their 2021-2022 peaks. Changes in the labor market affect risk appetite and liquidity conditions, and these changes are often reflected in the price movements of Bitcoin and cryptocurrencies more broadly. If labor market data remains stable while inflation remains high, investors infer that interest rates may remain high for an extended period. If unemployment rises and non-farm payroll growth slows, the case for interest rate cuts strengthens. Cryptocurrencies are now also traded within the same ecosystem. When strategists discuss the pressures of the labor market on Bitcoin and cryptocurrencies, they typically describe two overlapping channels. The first is the growth channel. Rising unemployment, slowing hiring, and weak wage growth make the market more cautious about future earnings and default risks. In this environment, investors typically reduce the riskiest portions of their portfolios, such as small-cap stocks, volatile assets like Bitcoin, and altcoins. Secondly, liquidity and interest rate channels play a role. Similarly, weak economic data can trigger investor panic and prompt central banks to adopt looser monetary policies. For Bitcoin and cryptocurrencies, the key is that a weak labor market means lower prices, and labor market data helps predict macroeconomic conditions. These data influence growth expectations, interest rate trends, and liquidity, which in turn affect the level of risk investors are willing to take.