Headlines
▌Trump and Musk observed SpaceX's sixth test flight on-site in Texas
SpaceX's Starship sixth test flight ignited and launched, with Trump and Musk observing on-site in Texas.
SpaceX stated that the Starship successfully ignited one of its Raptor engines for the first time in space. The sixth flight test of the Starship has been underway for about 30 minutes, and all systems appear to be normal.
▌BTC briefly rose to $93,905, setting a new historical high
Market shows that BTC briefly rose to $93,905.51, setting a new historical high, currently reported at $93,392.1, with a 24-hour increase of 2.8%. Market fluctuations are significant, please ensure proper risk control.
Market
As of publication, according to Coingecko data:
BTC's recent transaction price is $92,421.78, with an intraday change of +2.2%;
ETH's recent transaction price is $3,113.18, with an intraday change of -3.0%;
BNB's recent transaction price is $616.58, with an intraday change of -0.4%;
SOL's recent transaction price is $238.12, with an intraday change of -0.6%;
DOGE's recent transaction price is 0.3916 yuan, with an intraday change of +5.7%;
XPR's recent transaction price is $1.10, with an intraday change of -1.4%.
Policy
▌U.S. court postpones ruling on Trump's 'hush money' case
On November 19 local time, the ruling on Trump's 'hush money' case, originally scheduled for November 26, has been canceled. It is reported that the court updated the ruling status in court records on that day, but did not provide an explanation. Meanwhile, Manhattan District Attorney Alvin Bragg is facing a deadline to provide the court with recommendations on how the case should proceed. (CCTV News)
▌Trump's team has listed cryptocurrency lawyer Teresa Goody Guillen as a candidate for SEC chair
According to sources, Trump’s team is considering listing Teresa Goody Guillen, a partner at law firm Baker Hostetler and co-head of its blockchain team, as one of the candidates for the next SEC chair. Goody Guillen is an experienced securities lawyer, having served at the SEC and represented blockchain companies and traditional businesses against the agency.
Sources say Trump is looking for a non-bureaucratic person who supports cryptocurrency to completely reform the U.S. Securities and Exchange Commission (SEC). Insiders in Washington stated that unlike the first term of Trump’s administration, the election process for the second term is swift and orderly, and a candidate for SEC chair is expected to be selected before Thanksgiving.
▌Trump nominates cryptocurrency supporter Howard Lutnick as Secretary of Commerce
According to the Wall Street Journal, Trump stated on the 19th local time that he would nominate veteran Wall Street financier Howard Lutnick as the next U.S. Secretary of Commerce, elevating one of his most outspoken supporters in the financial sector to a key position. In addition, Lutnick will also directly lead the U.S. Trade Representative's office. Lutnick is the CEO of financial services company Cantor Fitzgerald and has become a close ally of Trump in recent months, being the top contender for Secretary of the Treasury. If approved by the Senate, Lutnick will be responsible for expanding U.S. economic growth and promoting domestic industries. He may also help maintain and expand the government's relationship with the business community. The Department of Commerce and other agencies will play a central role in implementing the incoming president's proposal to impose tariffs on U.S. imports. Lutnick is a supporter of cryptocurrency, and his company Cantor Fitzgerald has been managing Tether's U.S. Treasury portfolio since 2021.
▌Brazil's central bank chooses Chainlink standard for its Drex project
Chainlink announced on social media that the Central Bank of Brazil (@BancoCentralBR) has chosen the Chainlink standard for its Drex project to ensure secure settlements in the areas of borders, blockchain, and currency.
▌Trump appoints Mehmet Oz as Director of the Centers for Medicare & Medicaid Services
Trump appointed Mehmet Oz as the Director of the Centers for Medicare & Medicaid Services.
Blockchain applications
▌Injective launches SDK called iAgent, supporting users to create on-chain AI agents independently
Layer 1 blockchain protocol Injective announced the launch of a software development kit (SDK) called iAgent, allowing users to create on-chain AI agents independently. Reportedly, iAgent deploys OpenAI's ChatGPT and other large language models so that users can command AI agents to perform tasks based on Injective.
Cryptocurrency
▌VanEck executive: VanEck supports strategic Bitcoin reserves
Matt Sigel, head of digital asset research at VanEck, stated on X platform: "VanEck supports strategic Bitcoin reserves. No need to cite 'sources'—we will announce ourselves."
Earlier, Fox reporter Eleanor Terrett cited sources saying that BlackRock has not established a strategic Bitcoin reserve.
▌Analysis: Pro-crypto candidates will lead the U.S. Department of Commerce, and the listing of ETF options pushes Bitcoin to a new high
With the listing of Bitcoin ETF options, Bitcoin prices hit a new high, reaching $93,905 per coin, and the market expects that Bitcoin ETF options will likely increase financial institutions' exposure to Bitcoin. Options contracts allow investors to buy or sell an asset at a specific price and predetermined time. Noelle Acheson, former head of market insights at Genesis, stated that while the Chicago Mercantile Exchange has already offered Bitcoin options, Bitcoin ETF spot options are a significant event for both retail and financial institutions. A deeper onshore derivatives market will enhance the increasing market complexity, boosting investor confidence in Bitcoin, attracting new investor groups, while enabling more diversified investment and trading strategies. Furthermore, earlier reports about pro-crypto Howard Lutnick being nominated by Trump as Secretary of Commerce also propelled Bitcoin higher.
▌Rumble CEO considers adding Bitcoin to the company's balance sheet
Chris Pavlovski, CEO of video-sharing platform Rumble, tweeted on X asking: "Should Rumble add Bitcoin to its balance sheet?"
Michael Saylor, co-founder of MicroStrategy (MSTR), responded: "Yes, I would love to discuss why and how to do it with you." Pavlovski stated: "I sent you a private message."
As a competitor to video-sharing giant YouTube, Rumble's revenue for the third quarter was $25.1 million, a 39% increase from the same period last year. Its balance sheet shows cash and cash equivalents of $130.8 million. Year-to-date, the company's stock price has risen 26%, with a current market cap of approximately $1.6 billion.
▌Bloomberg analyst: Traders bet Bitcoin will double next month
Bloomberg senior ETF analyst Eric Balchunas stated on X platform: "So far, the options trading volume on BlackRock's IBIT has reached several hundred million (a lot on the first day of listing). The ranking of contract trading volume shows that almost all are call options. It looks very optimistic, especially for the C100 on December 20, which basically bets that Bitcoin's price will double next month."
Important economic dynamics
▌Poll: 35% of Americans want Trump to quickly address inflation after taking office
A Reuters/Ipsos survey released on Tuesday shows that Americans believe inflation is the top issue that President-elect Trump should address within his first 100 days in office. In a three-day poll, about 35% of respondents indicated that inflation should be Trump's focus, compared to 30% who said immigration, and 27% who said jobs and the overall economy. Another 23% said Trump should concentrate on unifying the country. A smaller portion of respondents indicated he should focus on taxes, crime, or foreign conflicts. Additionally, only 1% believed that Trump should prioritize international trade and tariffs. The survey was conducted with 1,014 adults across the U.S., with a margin of error of about 3 percentage points.
▌Federal Reserve's Schmid: The fight against inflation is not over
Federal Reserve's Schmid stated that the fight against inflation is not over. Upcoming tariffs and immigration policies, if they affect employment and inflation, will be related to the Federal Reserve.
▌Federal Reserve's Schmid: How much further interest rates can decline remains uncertain; large fiscal deficits may imply higher rates
"The decision to lower interest rates is a recognition of the growing confidence that inflation will reach the Fed's 2% target—this confidence is partly based on signs of balance in both the labor market and the product market in recent months," said Kansas Federal Reserve President Schmid in a speech prepared for the Omaha Chamber of Commerce. He stated that while progress toward the 2% target means now is an appropriate time to lower rates, "how much further rates will decline or what they will ultimately settle at remains to be seen." Regarding the current issue of federal government spending, Schmid stated that because the Fed will fulfill its responsibility to keep inflation at the established 2% target, large fiscal deficits will not trigger inflation. However, this may mean that "interest rates remain at a higher level," Schmid said, explaining why the Fed must maintain independence in formulating monetary policy.
Golden Encyclopedia
▌What is Dogwifhat (WIF)?
Dogwifhat launched in November 2023, is a Solana-based memecoin featuring a Shiba Inu wearing a pink knitted hat. WIF does not position itself as a symbol of progress or a vision for the future, but maintains simplicity, embracing its meme identity without any grand ambitions. Even the code 'WIF' is a misspelling of 'with', which is typical of meme form, highlighting the token's playfulness.
Disclaimer: Golden Finance, as a blockchain information platform, provides the content of its articles for informational reference only and does not serve as actual investment advice. Please establish a correct investment philosophy and be sure to enhance risk awareness.
