According to Odaily Planet Daily, Ethereum treasury company FG NEXUS released its Q3 financial report, disclosing that it held 50,778 ETH at the end of Q3, but 40,005 ETH as of November 19, a reduction of approximately 10,000 ETH. The company also disclosed holding approximately $37 million worth of cash and USDC. (Globenewswire)
According to Odaily Planet Daily, Nillion officially disclosed that the project experienced an unauthorized dumping of NIL tokens by a market maker yesterday. The market maker refused to respond to any communication from the team during the flash crash and for several hours afterward.
The Nillion Association has begun using government funds to buy back the tokens that were dumped and has pledged to use all unauthorized sales funds recovered from the market maker to purchase more NIL tokens. The association stated it is pursuing the matter fully within the legal framework and is working overnight with its exchange partners to ensure that all accounts and wallets related to this incident have been frozen.
According to data from Hyperbot, Odaily Planet Daily reports that Machi Big Brother has just added to his 25x Ethereum long position, bringing his total holdings to 3,930 ETH, valued at $11.78 million. However, he is still at a loss, with a liquidation price of $2,942.
Odaily Planet Daily reports that Goldman Sachs Asset Management's head of fixed income, Heinrich Hayes, stated, "Given the continued weakness in the labor market reflected in the unemployment rate, the possibility of a Fed rate cut in December remains." (Jinshi)
Odaily Planet Daily reports that DDC Enterprise, a US-listed company, has announced a purchase agreement to acquire 300 bitcoins. This is reportedly the company's largest single bitcoin acquisition to date. Following the transaction, DDC Enterprise's total bitcoin holdings will increase to 1,383, and the company projects a 99% return on its bitcoin holdings by the second half of 2025. (Businesswire)
Cleveland Federal Reserve Bank President Hamak warned on Thursday that further interest rate cuts at this time would pose broad risks to the economy. Given that inflation continues to rise above the Fed's 2% target, "lowering interest rates to support the labor market could prolong this period of high inflation and could also encourage risky behavior in financial markets," Hamak noted. She pointed out that current financial conditions are "quite loose" given rising stock prices and "easy" credit conditions, explaining that further reductions in credit costs under these circumstances "could support high-risk lending." (Jinshi)
According to a New York Times financial reporter, as reported by Odaily Planet Daily, investor bets on a December rate cut by the Federal Reserve have already cooled this week. Current market implied probability suggests only about a 30% chance of the Fed lowering rates by 25 basis points in December. (Jinshi)
Odaily Planet Daily reports that cryptocurrency lawyer Khurram Dara has announced his candidacy for New York State Attorney General. He will compete against his "anti-cryptocurrency" rival, Letitia James. Dara stated that his campaign will end the New York Attorney General's office's crackdown on the cryptocurrency industry, curb excessive regulation, and revitalize New York as a hub for innovation. Under New York State nomination rules, Letitia James needs 25% of the vote at the Republican National Convention in February 2026, or enough petition signatures to secure primary eligibility. (Cryptoinamerica)
Odaily Planet Daily reports that Federal Reserve Chairman Hamack stated that stablecoins and private lending warrant attention, and he also believes that hedge funds and life insurance companies have excessively high leverage levels. (Jinshi)
Odaily Planet Daily reports: Federal Reserve's Hamack stated that interest rate cuts could prolong high inflation and encourage risk-taking in financial markets, while banks are currently well-capitalized. Cutting rates now could distort market pricing levels. (Jinshi)
According to Odaily Planet Daily, Bridgewater Associates founder Ray Dalio stated, "I have long held a small amount of Bitcoin, roughly 1% of my portfolio, and it has always been that way. My view on Bitcoin has remained consistent. I believe the problem with Bitcoin is that it won't become a reserve currency for major countries because it is traceable and theoretically susceptible to quantum computing control, hacking, and other such risks."
According to Odaily Planet Daily, the US September non-farm payroll report indicates an unexpected rebound in the US labor market, which will complicate the Federal Reserve's decision on whether to cut interest rates next month. The report, released Thursday, showed an increase of 119,000 non-farm payroll jobs in September, exceeding not only the 50,000 predicted by economists surveyed by institutions but also significantly higher than the revised 22,000 in August. The unemployment rate rose to 4.4% from 4.3% in August, a new high since 2021. This report is the first economic health indicator released by the US Bureau of Labor Statistics since the record-breaking shutdown of the US federal government led to a halt in official data releases. The unexpectedly positive data will reinforce the stance of hawkish members of the Federal Open Market Committee, who have consistently warned the Fed against cutting rates too quickly. Following the data release, US Treasury yields and the dollar index both fell. Despite President Trump's long-term pressure on the Fed to cut rates, a deep division has emerged within the central bank: one faction advocates for continued rate cuts at the December meeting to support the labor market, while the other is concerned about the potential for increased inflation risks. The government shutdown has further complicated the Federal Reserve's decision-making process—regular economic reports have been interrupted, and the Bureau of Labor Statistics announced on Wednesday that due to the stagnation of data collection during the shutdown, it will no longer release a separate October employment report; some data will be combined into the November report. (Jinshi)
Odaily Planet Daily reports that AVAX One, a Nasdaq-listed treasury company, announced its board of directors has approved a $40 million share repurchase program. The program will run for one year and may be conducted from time to time through public market transactions or other means permitted by applicable securities laws and regulations. The timing and amount of the repurchases will depend on market conditions, regulatory requirements, capital allocation plans, and other company factors. (Prnewswire)
Odaily Planet Daily reports that the interest rate swap market continues to indicate that a December rate cut by the Federal Reserve is unlikely. Following the release of the latest economic data, traders increased their bets on a Fed rate cut, but still expect the Fed to skip December. (Jinshi)
According to Odaily Planet Daily, the U.S. Bureau of Labor Statistics revised its July non-farm payrolls figure down by 7,000 to 72,000 from +79,000; and its August non-farm payrolls figure down by 26,000 to -4,000 from +22,000. The revised figures show that the combined job gains for July and August were 33,000 lower than the initial revisions. (Jinshi)
