Headline
▌BTC breaks through $90,000
The market shows that BTC has broken through $90,000 and is now at $90,010.26, with a 24-hour increase of 2.23%. The market is volatile, so please do a good job of risk control.
▌US FBI seizes Polymarket CEO's mobile phone and electronic devices
On November 13, local time, the US FBI seized Polymarket CEO Shayne Coplan's mobile phone and electronic devices. According to the New York Post, the FBI raided Coplan's home in Soho, New York, and demanded the surrender of electronic devices. The action took place eight days after Polymarket successfully predicted that Trump would win the 2024 presidential election, with a platform trading volume of over $3 billion. Anonymous sources said the FBI may suspect that the platform is manipulating the election market and believes that this move is a "political retaliation" against Polymarket by the former government. At present, the FBI has not responded to the incident and Coplan has not made any public comments.
Market
As of press time, according to Coingecko data:
BTC's latest transaction price is $90,438.90, with a daily increase or decrease of +2.8%;
ETH's latest transaction price is $3,190.20, with a daily increase or decrease of -1.8%;
BNB's latest transaction price is $620.30, with a daily increase or decrease of -0.9%;
SOL's latest transaction price is $215.07, with a daily increase or decrease of +1.4%；
DOGE's latest transaction price is 0.3989 yuan, with a daily increase or decrease of +4.3%；
XPR's latest transaction price is 0.6914 US dollars, with a daily increase or decrease of -2.4%.
Policy
▌Biden: The United States will achieve an orderly and peaceful transition of power
Karin Jean-Pierre, the White House press secretary, said at a briefing that day that the current US President Biden met with the US President-elect Trump at the White House for about two hours that day. The current White House Chief of Staff Jeff Zients and the next White House Chief of Staff Susan Wells also attended the meeting. Karin Jean-Pierre said that Biden and Trump discussed important national security and domestic policy issues facing the United States and the world. Biden raised important matters for Congress, including funding the government and providing disaster supplementary funds requested by the president. Finally, Biden reiterated that the United States will achieve an orderly and peaceful transition of power.
▌Trump announced that his four senior campaign advisers will serve in senior positions in the White House
On November 13, local time, US President-elect Trump announced that his four senior campaign advisers will serve in senior positions in the White House during his second term. It is understood that Stephen Miller will serve as an assistant to the president and concurrently serve as deputy chief of staff for policy and homeland security adviser. James Blair will serve as an assistant to the president and deputy chief of staff for legislation, politics and public affairs. Tyler Budovich was appointed assistant to the president and deputy chief of staff for communications and personnel. Dan Scavino will also serve as an assistant to the president and deputy chief of staff.
▌U.S. Senator John Thune was elected Senate Majority Leader and supports encryption legislation
Republican Senator John Thune of South Dakota was elected as the Senate Majority Leader in 2025. Thune was involved in promoting the Digital Commodity Consumer Protection Act (DCCPA), which aims to provide a legal definition for digital commodities and bring their transactions under the supervision of the Commodity Futures Trading Commission (CFTC). In addition, he also supports the abolition of SAB 121, an accounting rule for crypto assets, and promotes regulatory reforms in the crypto industry. Thune has long been committed to promoting cryptocurrency-related legislation and supporting the legalization and regulatory development of the industry.
▌U.S. Congressman French Hill calls on federal agencies, including the SEC, to suspend rulemaking
Republican Congressman French Hill of Arkansas recently sent a letter to officials including Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), requesting a suspension of all ongoing rulemaking. Hill said that the public is deeply dissatisfied with the excessive regulation of the previous government, especially in the field of encryption, which may restrict innovation. He criticized the existing rules for constraining economic growth and stressed that these rules should be suspended to restore the balance between the government and the people. Hill's letter specifically mentioned the SEC's ATS regulations, worrying that the regulations may have an adverse impact on decentralized projects.
▌Kelly of Morgan Asset Management said Trump's tariff plan will hit growth and push up inflation
David Kelly of Morgan Asset Management said that President-elect Donald Trump's radical tariff plan may drag down the global economy and put upward pressure on U.S. inflation. "The initial smoke signals suggest that the tariffs will be very aggressive," Kelly, the firm's chief global market strategist, said on Wednesday. He added that "tit-for-tat tariffs will make the entire world poorer."
▌U.S. Congressman Warren Davidson: Bitcoin is another way of saying freedom, and self-regulation is essential to defending freedom
U.S. Congressman Warren Davidson said Bitcoin is another way of saying freedom, and self-regulation is essential to defending freedom.
Blockchain Application
▌Phantom Wallet iOS Update Causes App Reset, Reminds Users to Back Up Recovery Phrases
Phantom Wallet recently reminded iOS users that some users encountered an "app reset" problem after the update, resulting in the inability to access the wallet. The problem seems to be limited to the iOS version, and users who have not backed up the recovery phrase have lost access to their funds. Phantom emphasized that users can restore their wallets through recovery phrases, and has released updates to prevent more users from being affected. The company reminds users to keep the recovery phrases properly to avoid losing funds. Recently, some users reported losing wallets and funds due to updates, and some users lost more than $1 million.
Cryptocurrency
▌Kashkari, a Federal Reserve official who has severely criticized Bitcoin, said he will remain open to cryptocurrencies
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, recently said he would remain open to cryptocurrencies. Kashkari has been one of the strongest opponents of cryptocurrencies for many years, once calling them "worthless", "fraud" and "nonsense".
"I will keep an open mind," Neel Kashkari said in an interview in New York on Tuesday. Despite this, Kashkari still questioned the significance of cryptocurrencies during the conversation. He said that the industry has been around for a long time, but it has not been widely adopted, which shows that it lacks practicality.
▌Silk Road founder Ross Ulbricht said he believes Trump will "fulfill his promise to commute his sentence"
Silk Road founder Ross Ulbricht is currently serving a life sentence in federal prison. He tweeted for the first time since the US election, expressing his hope that President-elect Donald Trump will fulfill his promise to commute his sentence.
Ross Ulbricht was sentenced to life in prison without parole for money laundering, computer hacking and drug conspiracy in 2015. Ulbricht said in the X post: "Thank you very much to everyone who voted for President Trump on my behalf. I believe he will fulfill his promise and give me a second chance. After more than 11 years in the dark, I finally see the light of freedom at the end of the tunnel. Thank you very much Trump."
According to a 2020 report by PolitiFact, Trump only fulfilled or partially fulfilled about 27% of his campaign promises in the first three years of his last term in the White House.
▌Galaxy Digital CEO: Doubtful of Trump's idea of establishing a US Bitcoin strategic reserve
Galaxy Digital CEO Mike Novogratz said that he was skeptical of President-elect Trump's idea of establishing a US Bitcoin strategic reserve, and did not believe that the US dollar needed the support of assets such as Bitcoin, but the United States should enhance its Bitcoin reserves to show its commitment to becoming a technology-oriented country.
▌Options market data shows that traders are "snatching" Bitcoin $100,000 call options
CF Benchmarks product head Thomas Erdösi said that market data shows that traders appear to be rushing to buy Bitcoin call options at a strike price of $100,000. The 30-day constant expiration date 25 delta deviation has now broken through the 5 vol threshold, approaching its highest level since the beginning of the year, which means that there is much greater demand for upside exposure. In addition, demand for call options with strike prices above $100,000 is also surging, as evident from the rise in implied volatility on these options.
▌MicroStrategy's Bitcoin holdings have exceeded $26 billion in market value
Data shows that as the price of BTC breaks through $93,000, MicroStrategy's Bitcoin holdings have exceeded $26 billion in market value, reaching about $26.06 billion, with a current floating profit of more than $14 billion.
▌Musk: Dogecoin's stable inflation rate is not a bug
Musk commented on the X platform: "I think Dogecoin's stable inflation rate is a feature, not a bug, which means that the inflation rate will be reduced in a certain proportion."
Important Economic Dynamics
▌Federal Reserve Musallem: There may be room for gradual relaxation of policy towards neutral interest rates
Federal Reserve Musallem said that there may be room for gradual relaxation of policy towards neutral interest rates, and stronger data may be behind the rise in Treasury term premiums. Data since the last policy meeting suggest that the economy may be much stronger than expected. Inflation data is also strong, but has not yet changed the view that policy is moving in a neutral direction. The latest consumer price index data is "in line with expectations", but it is more desirable to see a continued decline in the data on a three-month basis. It seems premature to include the prospect of US President-elect Trump's administration in December expectations. Economic activity and data have become stronger, bringing the risk of a rebound in inflation.
▌The probability of the Fed cutting interest rates by 25 basis points in December has risen to 82.5%
According to CME's "Fed Watch", the probability of the Fed maintaining the current interest rate unchanged by December is 17.5%, and the probability of a cumulative interest rate cut of 25 basis points is 82.5%. The probability of maintaining the current interest rate unchanged by January next year is 11.9%, the probability of a cumulative interest rate cut of 25 basis points is 61.7%, and the probability of a cumulative interest rate cut of 50 basis points is 26.5%.
Golden Encyclopedia
▌What is Kraken's Ink?
Ink is a second-layer bridge being developed by Kraken, which aims to improve the efficiency of decentralized finance (DeFi) by increasing transaction speed, reducing costs and increasing flexibility. Kraken's Ink seamlessly integrates centralized and decentralized environments, providing users with all the necessary tools and services while alleviating the common challenges associated with these environments. The solution runs as a second-layer (L2) solution on Ethereum, alleviating the pressure on the first-layer (L1) chain.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish correct investment concepts and be sure to increase risk awareness.
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