Original author: Koala, Mars Finance
BTC breaks through $88,000
According to Coingecko data, BTC broke through $88,000 and is currently priced at $88,297, down 2.14% in the past 24 hours.
Powell: Fed doesn't need to 'rush' to cut rates
Federal Reserve Chairman Powell said that due to the strong US economy, the Fed does not need to "rush" to lower interest rates, and the Fed will "watch carefully" to ensure that certain inflation indicators remain within acceptable ranges. Powell reiterated that the Fed's policy rate path will depend on upcoming data and the evolution of the economic outlook. He said that inflation is approaching the Fed's 2% target, but has not yet reached it. The Fed will pay close attention to core indicators of inflation for goods and services excluding housing, which have been declining over the past two years. "We expect these indicators to continue to fluctuate in the recent range, and the road to the Fed's 2% target will be bumpy at times." (Jinshi)
PEPE rises 78% to new all-time high as memecoin market cap passes $116 billion
PEPE, the largest Ethereum-based memecoin by market cap, is expected to continue the recovery that began on November 5. PEPE has risen by about 230% from its low of around $0.0000078 on November 5, bringing its price to an all-time high of $0.00002597 on November 14. Data from Cointelegraph Markets Pro and TradingView show that PEE is trading at $0.00002093, up 15% in 24 hours and 104% in the past seven days.
UK government to pilot digital government bond instrument using distributed ledger technology
The UK government will launch a pilot for a digital treasury bond instrument using distributed ledger technology (DLT). Finance Minister Rachel Reeves will announce the plan in a Mansion House speech on Thursday. The pilot is part of the "Financial Services Growth and Competitiveness Strategy" and also includes regulatory measures for environmental, social and governance (ESG) rating providers and pension mega-funds.
The Treasury said the move demonstrated the government’s commitment to innovation in the financial services sector. Tulip Siddiq, the Treasury’s economic secretary, said Labor would soon announce its plans for the cryptocurrency sector.
Trump Project World Liberty Financial Chooses Chainlink Technology
According to Cointelegraph’s disclosure on the X platform, Trump’s project World Liberty Financial chose to adopt Chainlink technology to accelerate the popularization and application of decentralized finance (DeFi).
On November 14, the US Bitcoin ETF had a net inflow of 5,064 BTC, and the Ethereum ETF had a net inflow of 42,832 ETH
According to Lookonchain monitoring, on November 14, the ten Bitcoin ETFs in the United States had a net inflow of 5,064 BTC (about US$446.3 million), of which BlackRock received 2,548 BTC (about US$224.6 million). BlackRock currently holds 469,895 BTC (about US$41.41 billion); the nine Ethereum ETFs had a net inflow of 42,832 ETH, of which Fidelity received 32,000 ETH (about US$98.21 million). Fidelity currently holds 254,750 ETH (about US$781.83 million).
Galaxy CEO: US strategic Bitcoin reserves may push Bitcoin price to $500,000
Galaxy founder and CEO Novogratz said in an interview with Bloomberg: The US strategic Bitcoin reserves may push the price of Bitcoin to $500,000.
Department of Government Efficiency (DOGE): Musk and Vivek will personally review the top 1% of applicants who submit resumes
The Department of Government Efficiency (DOGE) posted on X: “We are very grateful to the thousands of Americans who have expressed interest in DOGE, but we don’t need more part-time ‘idea’ providers. What we need are cost-cutting ‘revolutionaries’ with super high IQs, who support the concept of small government and are willing to work more than 80 hours a week. If you meet the requirements, please send a private message to this account and attach your resume. Elon and Vivek will personally review the top 1% of applicants.”
U.S. cryptocurrency stocks rose after opening, MicroStrategy rose more than 5%
According to market information, U.S. cryptocurrency stocks generally rose after opening, including: Coinbase (COIN) rose 0.65%;
Trump Media & Technology Group (DJT) rose 0.6%;
MicroStrategy (MSTR) 涨 5.1%；
MARA Holdings (MARA) - 2.2%.
Elon Musk deeply analyzes the "weird" economics of Dogecoin: Inflation is actually an advantage, and the founder of Dogecoin also supports it!
Elon Musk has been supporting Dogecoin, believing that its unlimited supply inflation model is an advantage rather than a flaw, enhancing liquidity and payment convenience. The economic design of Dogecoin makes it more attractive in consumer payments because it is cheap and easy to use. Although this model has caused controversy, the attention of Musk and other cryptocurrency giants has kept its market hot, and its future development direction remains the focus of discussion.
FBI raids Polymarket founder, Musk voices support, igniting crypto craze!
Polymarket founder Shayne Coplan was raided by the FBI, sparking public protests against regulation and political motives, and was supported by Musk. This incident is similar to the political movement triggered by the euthanasia of Peanut squirrel, which promoted the hype of MEME coins such as Free Shayne Coplan and Pnut, showing the growing role of the crypto market in protests and reforms in the United States. These events reflect the public's dissatisfaction with free will and government actions.
FOMC speaks out at 3 a.m. tonight: Inflation data may be a key factor in Bitcoin's pullback
At 21:30 Beijing time, the United States will release the annual rate data of the Consumer Price Index (CPI), and the Federal Reserve's monetary policy agency FOMC will make an important speech based on the CPI data. Bitcoin is currently at a historical high, and the CPI data and the Fed's policy stance have an important impact on its price. High inflation data may prompt the Fed to raise interest rates and weaken the appeal of Bitcoin; low inflation data may drive up Bitcoin prices. Bitcoin technical indicators show that it may be in an overbought state, and we need to be alert to the risk of a callback.
PNUT drives the "animal rescue" narrative, Jorgie and the eagle become the new favorites of small-cap memes
Today, FOMO sentiment is high in the market. Although the overall market has declined slightly, Meme coins have performed well, especially PNUT and FRED. PNUT was born out of an animal protection controversy, and its market value quickly exceeded 200 million US dollars. FRED commemorates another squirrel, Frederick. At the same time, the incidents surrounding the monkey Jorgie taken away by the police and the arrest of Polymarket founder Shayne Coplan have also spawned related Meme coins, which have attracted widespread attention and discussion. It should be noted that Meme coins are extremely risky and investment should be cautious.
