According to Odaily Planet Daily, artificial intelligence-driven growth may keep the US economy strong, thus limiting the extent of the Federal Reserve's expected rate cuts next year. Although the market anticipates up to three Fed rate cuts, Dustin Reed of McKinsey & Company says that faster growth driven by AI may require tighter policies, leading to higher US Treasury yields. He predicts that by mid-2026, the yield on the 10-year US Treasury bond will rise from the current 4% to 4.4%. (Golden Ten)
Odaily Planet Daily reports (Bloomberg): Bitcoin's latest decline is revealing a fundamental shift: the high volatility that once attracted retail risk-takers is diminishing, reflecting Wall Street's growing influence over the crypto market's infrastructure. Despite falling as much as 36% since its all-time high in early October, implied volatility remains subdued. This shift suggests that institutionalization is reshaping how risk is transmitted through the token. In its early days, Bitcoin's value was primarily driven by speculation, with traders hoping to profit from its frequent, large price swings. (Bloomberg)
According to Lookonchain, BlackRock withdrew 953 BTC and 15,722 ETH from Coinbase Prime 20 minutes ago.
Odaily Planet Daily reports that South Korean financial regulators have urged Bithumb to suspend its Tether market service, which allows customers to buy and sell Bitcoin and nine other high-market-cap altcoins using USDT. These ten assets can still be traded on the Korean Won (KRW) market. Bithumb is currently in beta testing and involves an order book sharing agreement with Stellar. Bithumb stated that due to system maintenance, the service will be shut down at 11:00 AM KST on November 28th for restructuring to "provide a more stable and advanced trading environment." (DLNews)
According to Odaily Planet Daily, Eric Balchunas, a senior ETF analyst at Bloomberg, stated in an article published on the X platform that Nasdaq ISE has proposed increasing the options position limit for BlackRock's Bitcoin spot ETF IBIT from 250,000 contracts to 1 million contracts. This limit was previously raised from 25,000 contracts to 250,000 contracts in July 2025.
Odaily Planet Daily reports that modular blockchain platform Avail has launched its cross-chain execution layer, Nexus, on its mainnet, supporting multiple ecosystems including Ethereum, BNB Chain, and Base. Nexus employs an intent-driven architecture and multi-source liquidity aggregation, allowing users to seamlessly transfer assets and execute operations across different chains. Unified verification will be achieved through Avail DA in the future. (The Block)
According to sources familiar with the matter, cryptocurrency trading firm Portofino Technologies is facing another wave of executive departures, following the loss of its CFO and general counsel months ago. The sources indicate that Chief Revenue Officer Melchior de Villeneuve recently left the Swiss company, and Head of Office Affairs Olivia Thurman has also confirmed her resignation. Two senior developers, Olivier Ravanas and Mike Tryhorn, along with two junior developers, have also left the crypto market maker firm. (CoinDesk)
Odaily Planet Daily reports that S&P Global Ratings downgraded Tether's stability assessment to "5," the weakest level in the rating system, citing an increase in riskier reserve assets. S&P warned that USDT no longer has sufficient buffer to absorb a decline in Bitcoin's value. S&P stated that Bitcoin currently accounts for approximately 5.6% of the total circulating supply of USDT, higher than the approximately 3.9% reserve buffer implied in Tether's latest Q3 financial report released at the end of October. This means that a significant drop in Bitcoin's price, especially coupled with losses in other high-risk assets, could lead to insufficient collateral for USDT. (The Block)
According to Odaily Planet Daily, Nasdaq-listed Upexi announced a securities purchase agreement with a single institutional investor to issue approximately 3.29 million ordinary shares and an equal number of warrants at a price of $3.04 per share, with an exercise price of $4.00 per warrant, raising a total of $23 million to support its core Solana treasury strategy.
Odaily Planet Daily reports that South Korean portal site Naver has agreed to acquire Dunamu, the operator of Upbit, South Korea's largest cryptocurrency exchange, in an all-stock transaction valued at approximately $10.3 billion. The deal reportedly involves Naver's fintech subsidiary, Naver Financial Corp., issuing 2.54 new Naver shares for every 1 Dunamu share it holds. (Bloomberg)
Odaily Planet Daily reports that Greeks.live released a Chinese community briefing, noting that the market is currently in a sideways consolidation phase, with traders divided on the short-term direction. BTC and ETH are fluctuating near key price levels, with some traders choosing to wait for a clearer direction, while others believe the bottom is rising and a breakout is imminent. Bears, however, believe ETH may fall to $2500. Net inflows into the BlackRock BTC ETF are seen as a potential signal of a bottoming out.
Odaily Planet Daily reports that Greeks.live released an English community briefing, noting that the group is showing divergent sentiment, with traders divided between bullish and bearish positions on ETH. Key levels to watch include the $2,850, $2,900, and $3,000 strike prices. There is strong disagreement regarding direction, with some traders advocating selling call options and buying put options, while others claim the bull market has returned.
Odaily Planet Daily reports that amid continued economic uncertainty in the United States, the number of Americans filing for unemployment benefits for the first time last week unexpectedly declined, reaching its lowest level since mid-April and remaining relatively low. However, the data reveals that it is becoming more difficult for the unemployed to find new jobs, making the Federal Reserve's decision on a December interest rate cut more challenging. Federal Reserve officials lowered interest rates at their two most recent policy meetings, focusing on supporting the slowing labor market. However, policymakers are divided on whether to support another rate cut at their final meeting of the year in December, as they attempt to balance a weak labor market and persistently high inflation. (Jinshi)
Odaily Planet Daily reports that Nasdaq-listed Solana DeFi Development (DFDV) announced that two of its executives have purchased a total of 14,244 shares of common stock on the open market. Chief Operating Officer and Chief Investment Officer Parker White purchased 10,044 shares, and Chief Strategy Officer Daniel Kang purchased 4,200 shares. (Globenewswire)
According to data from msx.com, at the opening of the US stock market, the Dow Jones Industrial Average rose 0.18%, the S&P 500 rose 0.41%, and the Nasdaq Composite rose 0.56%. The crypto sector generally rose, with Coinbase up 1.31%, BitMine up 0.32%, Circle down 0.66%, and Strategy up 0.05%.
It is understood that msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering US stock and ETF tokens such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
