Headlines
BTC breaks through $90,000
The market shows that BTC has broken through $90,000 and is now trading 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 cell phone and electronic devices
On November 13th local time, the FBI seized the mobile phones and electronic devices of Polymarket CEO Shayne Coplan. According to the New York Post, the FBI raided Coplan's residence in Soho, New York, and demanded the surrender of electronic devices. This action took place eight days after Polymarket successfully predicted that Trump would win the 2024 presidential election, with a platform transaction volume of over $3 billion. Anonymous sources said that the FBI may suspect that the platform is manipulating the election market and believes that this move is a "political retaliation" by the previous government against Polymarket. At present, the FBI has not responded to the incident, and Coplan has not made any public comments.
Quotes
As of press time, according to Coingecko data:
BTC’s latest transaction price is $90,438.90, with a daily change of +2.8%;
ETH's latest transaction price is $3,190.20, with a daily change of -1.8%;
BNB's latest transaction price is $620.30, with a daily change of -0.9%;
SOL's latest trading price is $215.07, with a daily change of +1.4%;
DOGE's latest transaction price is 0.3989 yuan, with a daily increase or decrease of +4.3%;
XPR recently traded at $0.6914, with a daily change of -2.4%.
policy
▌Biden: The United States will achieve an orderly and peaceful transition of power
White House press secretary Karin Jean-Pierre 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 announces four of his top campaign advisers will take 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 Assistant to the President and concurrently serve as Deputy Chief of Staff for Policy and Homeland Security Advisor. James Blair will serve as 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 Assistant to the President and Deputy Chief of Staff.
▌U.S. Senator John Thune elected Senate Majority Leader, supports encryption legislation
John Thune, a Republican senator from South Dakota, was selected 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 trading under the supervision of the Commodity Futures Trading Commission (CFTC). In addition, he also supports the repeal 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
French Hill, a Republican congressman from Arkansas, recently sent a letter to Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), and other officials, requesting a suspension of all ongoing rulemaking. Hill said that the public is deeply dissatisfied with the excessive regulation of the previous government, especially the rules in the crypto field that 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 public. Hill's letter specifically mentioned the SEC's ATS regulations, worrying that the regulations may have an adverse impact on decentralized projects.
▌JPMorgan Asset Management's Kelly says Trump's tariff plan will hit growth and push up inflation
David Kelly of JPMorgan Asset Management said President-elect Donald Trump's aggressive tariff plans could drag on 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 Wednesday. He added that "tit-for-tat tariffs will make the whole 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 word for freedom and self-regulation is essential to defending freedom.
Blockchain Applications
▌Phantom Wallet iOS update causes app reset, reminding 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 an inability to access their wallets. The problem seems to be limited to the iOS version, and users who did not back up their recovery phrases have lost access to their funds. Phantom emphasized that users can restore their wallets through the recovery phrase and has released an update to prevent more users from being affected. The company reminds users to keep the recovery phrase properly to avoid losing funds. Recently, some users reported losing their wallets and funds due to updates, and some users lost more than $1 million.
Cryptocurrency
▌Kashkari, a Federal Reserve official who once severely criticized Bitcoin, said he would remain open to cryptocurrencies
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, recently expressed his open attitude towards cryptocurrencies. Kashkari has been one of the strongest opponents of cryptocurrencies for many years, once calling them "worthless," "fraud" and "nonsense."
“I’ll keep an open mind,” Neel Kashkari said in an interview in New York on Tuesday. Still, Kashkari questioned the point of cryptocurrencies during the conversation. He said the industry has been around for a long time but has not yet been widely adopted, which shows that it lacks practicality.
▌Silk Road founder Ross Ulbricht said he believed Trump would "fulfill his promise to reduce his sentence"
Silk Road founder Ross Ulbricht, who is currently serving a life sentence in federal prison, tweeted for the first time since the U.S. election, expressing 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 charges 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 spending 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."
PolitiFact reported in 2020 that 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 expressed his skepticism about President-elect Trump's idea of establishing a strategic reserve of Bitcoin for the United States. He did not believe that the US dollar needed the support of assets such as Bitcoin, but the United States should increase its Bitcoin reserves to show its commitment to becoming a technology-oriented country.
▌Options market data shows traders are “snatching” Bitcoin $100,000 call options
Thomas Erdösi, head of product at CF Benchmarks, said market data shows that traders appear to be snapping up Bitcoin call options at a strike price of $100,000. The 30-day constant expiration 25 delta deviation has now broken through the 5 vol threshold, approaching its highest level so far this year, which means that the demand for upside exposure is much greater. In addition, demand for call options with a strike price of more than $100,000 is also surging, which is evident from the rising implied volatility of these options.
▌MicroStrategy's Bitcoin holdings have exceeded $26 billion in market value
Data shows that as the BTC price broke through $93,000, the market value of MicroStrategy's Bitcoin holdings has exceeded $26 billion, reaching approximately $26.06 billion, and the current floating profit exceeds $14 billion.
▌Musk: Dogecoin's stable inflation rate is not a bug
Musk commented on the X platform: “I think the stable inflation rate of Dogecoin is a feature, not a bug, which means that the inflation rate will decrease at a certain percentage.”
Important economic developments
▌Federal Reserve's Musallem: There may be room for gradual easing of policy towards a neutral interest rate
Fed's Musallem said there may be room for a gradual easing of policy toward a neutral rate, 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 has also been strong, but has not yet changed the view that policy is moving in a neutral direction. The latest CPI data was "in line with expectations," but a continued decline on a three-month basis would be more desirable. It would be premature to include the prospect of President-elect Trump's administration in December expectations. Stronger economic activity and data bring the risk of a rebound in inflation.
▌The probability of the Federal Reserve cutting interest rates by 25 basis points in December has risen to 82.5%
According to CME's "Fed Watch", the probability that the Fed will maintain 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 that 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 on Ethereum as a second-layer (L2) solution, alleviating 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 a correct investment philosophy and be sure to raise your risk awareness.
