● BTC breaks $94,500, setting a new historical high
According to Binance market data, BTC broke through 94,500 USDT this morning, reaching 94,977 USDT, setting a new historical high.
According to Golden Finance, a Reuters survey: Among 106 analysts, 94 believe the Federal Reserve will cut interest rates by 25 basis points to 4.25%-4.50% in December.
● Michael Saylor increases the size of convertible notes maturing in 2029 to $2.6 billion
According to Odaily Planet Daily, Michael Saylor stated that due to strong demand, the issuance size of the 0% convertible notes maturing in 2029 has been increased from $1.75 billion to $2.6 billion. This includes a $400 million green shoe option, priced at a 55% conversion premium.
● MicroStrategy enters the top 100 US publicly listed companies, holding 331,200 bitcoins
According to CoinDesk, MicroStrategy (MSTR), which claims to be a Bitcoin development company, has entered the top 100 US publicly listed companies, currently ranked 97th. The stock price rose 12% on Tuesday, closing at $430. MicroStrategy's stock has risen over 500% this year, while Bitcoin has risen over 100% in the same period. Over the past five years, MicroStrategy's increase has been 2,739%, surpassing NVIDIA's 2,688%. As of November 18, MicroStrategy holds 331,200 bitcoins, worth over $30 billion. The company announced the issuance of $1.75 billion in convertible senior notes, which will mature on December 1, 2029.
● The number of daily active addresses for meme coins is 16,000, still below the peak in 2021
According to BlockBeats, on November 20, IntoTheBlock data showed that the current number of daily active addresses participating in meme coins is about 16,000. This number is still below the daily active 32,000 addresses during the peak of the bull market in May and November 2021. Despite the total market capitalization of meme coins reaching a new high, most meme coins' activity remains low. This discrepancy indicates that retail enthusiasm has not fully re-entered the cryptocurrency space.
● Bridgewater Associates CIO: Trump's policies may affect US inflation targets
According to Odaily Planet Daily, Bob Prince, Chief Investment Officer of Bridgewater Associates, stated at an investment summit in Hong Kong that Trump's policies may prevent the US from achieving a 2% inflation target. If the US inflation rate remains close to 3% after a year and a half, Trump may nominate a Federal Reserve chairman willing to accept a higher inflation target to cut interest rates. He added that if the inflation rate remains unchanged, a rate cut may not be achievable, and the current Federal Reserve chairman Powell's term will end in 18 months, making the situation very interesting.
● NVIDIA announces Q3 financial report: Revenue reaches $35.1 billion, net profit of $19.31 billion
According to Jin10, NVIDIA (NVDA.O) announced its Q3 financial report for fiscal year 2025, with revenue reaching $35.1 billion, a year-on-year increase of 94%, exceeding market expectations of $33 billion; net profit was $19.31 billion, far exceeding the expected $16.93 billion. In addition, the revenue for the gaming business in Q3 was $3.3 billion, and the data center business revenue was $30.8 billion, a year-on-year increase of 112%.
NVIDIA expects Q4 revenue to be $37.5 billion, slightly above market expectations, but some investors' expectations were not met, leading to a nearly 5% drop in after-hours stock price following the earnings report. CEO Jensen Huang stated that artificial intelligence is driving global computing demand growth, and the production of the Blackwell system is accelerating, with deliveries in Q4 expected to exceed expectations. The company anticipates a gross margin of over 70% by 2025. Nevertheless, some analysts believe that its revenue outlook carries uncertainty, especially in the case of Blackwell demand exceeding supply.
