1. Trump met privately with Coinbase CEO, possibly involving significant cryptocurrency policy appointments, attracting widespread attention.
2. Trump's social media company is close to fully acquiring the cryptocurrency platform Bakkt, showing its proactive layout in the crypto field.
Trump's social media company is in deep negotiations to acquire the cryptocurrency trading platform Bakkt, which is working to expand its business beyond online dialogue. Two people familiar with the negotiations stated that Trump Media and Technology Group is close to a full stock acquisition of Bakkt. It is unclear what the valuation under discussion is, but as of Monday, Bakkt's market value was slightly above $150 million. - Original
3. Tether issued an additional 1 billion USDT on the ETH chain, reflecting the sustained growth in demand for stablecoins.
On November 19 at 00:17 (UTC+8), Tether issued an additional 1 billion USDT on the ETH chain, transaction hash: 0x12d3679724f623441c29afb856f428d47dafc01b01629e16817faa945bde0d78 Note: The above data is sourced from OKLink - Original
4. Morgan Stanley predicts that the Federal Reserve will cut rates by 75 basis points in the first half of next year, impacting bond market expectations.
Morgan Stanley stated in its 2025 global strategic outlook: "Our economists expect the Federal Reserve to cut rates by 75 basis points in the first half of 2025." Compared to market expectations for the Fed's policy, Morgan Stanley's economists predict a more moderate path. Additionally, Morgan Stanley research analysts expect that by mid-2025, the yield on the 10-year U.S. Treasury will decline to 3.75%, slightly above 3.50% by the end of next year. - Original
5. OCC issued a notice, preparing to launch spot Bitcoin ETF options, raising market expectations.
According to Bitcoin Magazine on platform X, the U.S. options clearing company OCC issued a notice preparing to launch spot Bitcoin ETF options. - Original
6. Cosmos Health has included BTC and ETH in reserve assets, indicating an enhanced status for cryptocurrencies in traditional industries.
According to Bitcoin Magazine on platform X, the global healthcare group Cosmos Health has included BTC and ETH in reserve assets. - Original
7. California judge rejected Kraken's temporary appeal request, and the SEC case continues to advance.
A California judge dismissed Kraken's temporary appeal motion, stating in a ruling on Monday that allowing the appeal would only "delay resolution" of the ongoing SEC case against the cryptocurrency exchange. - Original
8. Taiwan is considering taxing income from cryptocurrency transactions, indicating stricter regional regulation.
Taiwan's legislators today expressed concern over the taxation of cryptocurrencies. Minister of Finance Chuang Tsui-yun stated that related trading profits will be subject to income tax, and further discussions will be held regarding inspection; Taxation Bureau Director Song Hsiu-ling stated that the tax department currently has tools for inspection to review the trading situation of digital goods, and promised to study the taxation methods related to cryptocurrency trading within three months. - Original
9. Morgan Stanley maintains an open attitude towards the efficiency department of the Trump administration and the government led by Musk, influencing future policy directions.
Morgan Stanley expects the yield on 10-year U.S. Treasury bonds to fall to 3.55% next year, lower than the previous 3.75%, as they expect the rate cuts by the Fed to exceed market expectations. The Morgan Stanley team also has interesting views on the Department of Government Efficiency and its leaders Elon Musk and Vivek Ramaswamy, stating: "While many doubt whether they can truly cut spending by increasing efficiency, we believe it makes sense to adopt a more open attitude, considering the individuals involved and that this seems to be the focus of Trump's second term. Since the final outcome remains uncertain, we believe the term premium will reflect how the bond market views this issue." - Original
10. Nomura Securities expects the Federal Reserve to cut interest rates twice next year, then pause until 2026, impacting long-term interest rate trends.
According to Jin Ten, Nomura Securities no longer expects the Federal Reserve to cut rates at the December policy meeting. This makes it the first global brokerage to hint at a Fed rate cut cycle after Trump's election victory. Nomura now predicts that the Fed will only cut rates twice at the March and June 2025 meetings, each by 25 basis points. The brokerage maintains its prediction for the Fed's federal funds rate at 4.125% until next year. Nomura expects that after a possible rate cut next June, the Fed will pause rate cuts for a long time until March 2026. The current benchmark overnight rate is in the range of 4.50%-4.75%, having already been cut by 75 basis points this year. Meanwhile, other global brokerages, including Goldman Sachs and JPMorgan, still expect the Fed to cut rates by 25 basis points next month. - Original
11. A Bernstein report states that Trump's cryptocurrency commitments and institutional demand will drive Bitcoin to rise to $200,000 in the future.
12. Global healthcare group Cosmos Health has included BTC and ETH in reserve assets, showing institutional confidence in cryptocurrencies.
According to Bitcoin Magazine on platform X, the global healthcare group Cosmos Health has included BTC and ETH in reserve assets. - Original
13. Hunan court ruled that virtual currency repayment of loans is invalid, emphasizing that virtual currency has no legal status.
The People's Court of Xiangyin County, Hunan Province, heard a civil loan dispute involving virtual currency repayment. The defendant, Wang, borrowed 10,000 yuan from the plaintiff, Zhou, in July 2020 (Zhang did not confirm), and in May 2022, they jointly borrowed 50,000 yuan. Zhang later repaid 40,000 yuan, while Wang used virtual currency to repay the remaining 20,000 yuan through a now-defunct 'TR foreign currency platform' that had been shut down by the public security authorities. Zhou did not accept this repayment method and thus brought the case to court. The court pointed out based on the notice (on further preventing and handling the risks of virtual currency trading speculation) that virtual currency has no legal status and cannot be circulated or used, rendering Wang's repayment invalid, and requiring him to continue repaying. Ultimately, the court ruled that Wang must repay 10,000 yuan principal and interest, and Wang and Zhang must jointly repay another 10,000 yuan principal and interest. Both parties accepted the ruling, which has now taken effect. This case indicates that virtual currency cannot be used as an effective means to settle debts. - Original
14. Michael Saylor's MicroStrategy plans to raise $1.75 billion to purchase more Bitcoin, continuing to increase its crypto investment.
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