● Prediction market: Bitcoin has a 94% probability of breaking $90,000 this month
According to Foresight News, predictions on Polymarket show that the probability of Bitcoin reaching $105,000 this month is 36%, the probability for $95,000 is 72%, and the probability of breaking $90,000 is as high as 94%. The current prediction trading volume is $13.22 million.
● CryptoQuant CEO says Bitcoin is in a price discovery phase
According to Odaily Planet Daily, CryptoQuant CEO Ki Young Ju stated that Bitcoin is currently in a price discovery phase. Due to the lack of consensus on support and resistance levels, the order book is typically thin. This has led to multiple price fluctuations during the last bull market, and the current situation is similar.
● Trump considers appointing a replacement for the SEC chairman during recess
According to Cointelegraph, President-elect Trump suggested bypassing the Senate confirmation process to directly appoint government officials, including the SEC chairman.
On November 10, Trump posted on the X platform that he has the right to choose the Senate majority leader and hopes the potential leader agrees to bypass the confirmation process through a recess appointment in order to immediately appoint officials.
According to the U.S. Constitution, the president has the authority to fill vacancies during Senate recess, and the appointments will expire at the end of the next session. Trump previously used this power to appoint officials during his first term.
Current President Biden nominated Gensler as an SEC commissioner in 2021, and the Senate approved him by a vote of 54 to 45, with a term ending in June 2026. Trump promised to 'fire Gensler on the first day' if re-elected, but experts say he cannot dismiss him without cause.
According to PANews, Trump campaign advisor Alex Bruesewitz revealed on the X platform that President-elect Trump announced Musk and American entrepreneur Vivek Ramaswamy will lead the Department of Government Efficiency (abbreviated as DOGE).
● Binance receives top rating in CCData's latest exchange assessment
According to CCData's November 2024 (Exchange Benchmark Report), Binance performed excellently in the latest evaluation, receiving an AA rating, leading the global centralized spot exchange list, and also achieving an AA rating in the derivatives exchange category, ranking first. CCData stated, 'We are pleased to share the latest evaluation results for November 2024. This semi-annual report assesses the risks of centralized exchanges based on thousands of hours of in-depth research, covering over 100 quantitative and qualitative indicators, and employs a unique scoring method to provide ratings from AA to F for each exchange.'
● BNB Chain collaborates with Google Cloud to support MVB program projects
BNB Chain announced that Google Cloud's Web3 Startups Program will support projects in its MVB program. The MVB program has entered its eighth season and supports applications built on the BNB Chain. The program aims to support up to 40 projects, promoting the development of decentralized applications. Selected projects will receive support from Google Cloud, including up to $350,000 in cloud credits over two years for AI-focused Web3 projects and $200,000 in cloud credits for non-AI projects.
According to Odaily Planet Daily, Federal Reserve Barkin stated that economic conditions are good, allowing the Federal Reserve to lower borrowing costs. Strong but more selective consumers and a more productive workforce are driving the economy positively. Barkin noted in his speech at the Baltimore joint summit that regardless of how the economy develops, the Federal Reserve has the capacity to respond appropriately. He mentioned that interest rates have moved away from their peak but remain above historical lows. Barkin is considering two economic scenarios: businesses may reinvest and hire after election uncertainties dissipate, or companies may respond to margin compression through layoffs, which would increase the employment risks faced by the Federal Reserve.
