• Bitcoin (BTC) continues its downward trend, briefly falling below $91K, dragging MicroStrategy's stock down more than 12%. The altcoin market is also in the red.
• Tornado Cash (TORN) surged 10 times after a U.S. court declared the Treasury Department's sanctions against this project's smart contracts illegal.
Macro Trends
• The November Fed meeting minutes show that interest rates will gradually decrease, while the risks of economic recession and the labor market have improved since September.
• Important economic data to be released tonight (Vietnam time):
• 8:30 PM: Adjusted GDP for Q3 (Forecast: 2.8%, last month: 2.8%).
• 10:00 PM: PCE inflation index for October:
• PCE Y/Y (Forecast: 2.3%, last month: 2.1%).
• Core PCE Y/Y (Forecast: 2.8%, last month: 2.7%).
ETF Spot on 11/26
• Bitcoin (BTC): Negative cash flow of $120.5M; two major funds, Fidelity and Grayscale, have recorded significant outflows, while BlackRock has no data yet.
• Ethereum (ETH): Negative cash flow of $8.3M, with funds like Fidelity, 21Shares, and Grayscale affected.
Policy and Legal
• USA: Donald Trump's team wants to transfer crypto management to the CFTC, reducing the SEC's control.
• Brazil: The bill to establish a strategic Bitcoin reserve fund has been submitted to the House of Representatives.
• Morocco: Changing its stance, planning to legalize crypto after issuing a ban since 2017.
Corporate News
• Justin Sun becomes an advisor to the DeFi project World Liberty Financial (WFLI) by Trump's team after investing $30M to purchase $WFLI tokens yesterday.
• Uniswap Labs offers a reward of up to $15.5M for anyone who finds a bug in their smart contract.
• Thena ($THE) becomes the second project in the Binance HODLer Airdrop program and will be listed on Binance at 5 PM today.
Bright spots in the market
• Morocco and Brazil are showing positive signals in promoting a crypto-friendly legal framework.
• Tornado Cash and DeFi projects like World Liberty Financial are attracting significant cash flow after important news.
This is a notable overview for you to closely monitor the market!