BitDeer released its first quarter report for fiscal year 2025. The company achieved operating income of US$70.1 million in the first quarter, a year-on-year decrease of 41.3% and a month-on-month increase of 1.6%.

Cang.us released three important announcements in November. It acquired Bitmain's 32Eh/s cryptocurrency mining machine in operation for US$256 million; it plans to issue US$144 million in stocks for the subsequent acquisition of 18Eh/s cryptocurrency mining machines in operation; and it produced a total of 393 bitcoins in November.

BitDeer (stock code BTDR in the US) updated its operating figures for November. The market-focused A2 mining machine (Sealminer A2) began mass production, with the first batch of 30,000 units sold to the outside world.

Since the "924" new policy, China's stock market has experienced an epic surge. The policies of the three financial ministries and the Central Political Bureau meeting boosted market sentiment beyond expectations, and the A-share and Hong Kong stock markets ushered in a strong rebound, leading the global market.

At 2:00 am on September 19th, Beijing time, the Federal Reserve announced a 50 basis point interest rate cut, and the target range of the federal funds rate was reduced from 5.25%-5.50% to 4.75%-5.0%, and a new round of interest rate cuts officially began. This 50 bp interest rate cut was in line with the expectations of CME interest rate futures, but exceeded the forecasts of many Wall Street investment banks.

Since the third quarter, the assets that performed better: RUT (Russell 2000 Index) and XAUUSD (gold price) and SPF (financial stocks) and US bonds, the assets that performed worse: Ethereum, crude oil, US dollars. The almost flat pie, Nasdaq 100.

BTC.D has reached a new high since this round of market movement and touched the daily pressure level. A daily-level correction may occur. If BTC can maintain a relatively mild shock, the altcoin has the opportunity to outperform BTC on a daily basis.

Over the past week, the stock market and the crypto market have been very closely linked. In the media, the two core themes were the U.S. recession and the unwinding of the yen carry trade, but I personally think these are two "false propositions." In fact, the real panic was very short-lived, and the usual situation of selling everything, including bonds and gold, when a crisis breaks out did not occur.

The Fear and Greed Index is currently at 74, which is in a greedy position and market investment sentiment is high. During the decline in June, the Fear and Greed Index fell significantly and fell below 30 in early July, the lowest value in the past year, before rebounding significantly.

In the past two weeks, digital assets (especially Bitcoin) have performed well. The second largest digital currency Ethereum has given up its previous gains after the ETF was launched, which is similar to the trend after the BTC ETF was launched.

The recent economic background is favorable for the risky asset market. Inflation has cooled significantly, the job market has weakened slightly but is generally stable, economic data has been lower than expected, financial conditions have continued to be loose, and investors expect the Federal Reserve to take action to support economic expansion. Although service industry inflation is still high, commodity inflation has dropped significantly.

The election itself cannot be used as a reason to trade bullishly. The simplistic logic that the Democrats need U.S. stocks to keep rising in order to win the election does not hold true.

At present, only 1,545 tokens of Mentougou have been transferred to the exchange, and the rest are still in Mentougou's account. It can be considered that the actual selling pressure has not yet entered the market. When the BTC held by Mentougou is distributed to several exchange addresses on a large scale, it may cause a large panic drop, thus forming a plunge.

Since the start of the US election, a series of election-related meme tokens have emerged. After the Trump campaign team publicly supported cryptocurrency donations, TRUMP was the main representative, with a market value of $775 million at its peak.

In the past month, DOG has risen from the bottom sideways price to a new high, driving a wave of increases and new attention for rune targets.