November 18 Hot Topics

November 18 WEB3 Hot Topics

1. Christian Catalini Discusses U.S. Debt and Bitcoin Strategic Reserve Proposal

Lightspark co-founder Christian Catalini shared his views on U.S. debt, the Bitcoin strategic reserve proposal, and the replacement of Federal Reserve Chairman Powell. Catalini believes that the U.S. is not on the brink of a debt crisis. The world has accumulated debt since the 2008 financial crisis, and although excessive debt is not good, countries need to address this issue.

2. On November 18, Federal Reserve Chairman Powell Hints at Slower Rate Cuts

Market sentiment has cooled. The three major U.S. stock indexes all fell last Friday, with the S&P 500 down 2%, the Dow down 1.24%, and the Nasdaq down 3.15%. After Bitcoin broke through $93,000 to hit a new historical high on Wednesday, it is currently fluctuating around $90,799 due to the pullback in U.S. stocks.

3. Satoshi Releases Bitcoin Strategic Reserve Policy Model

Satoshi Action Fund CEO Dennis Porter tweeted that the Bitcoin strategic reserve policy model has been officially released. The 'Bitcoin Rights' bill passed by the Pennsylvania House of Representatives on October 25 was drafted by the Satoshi Action Fund.

4. Federal Reserve Chairman Powell Hints at Possible Pause in Rate Cuts

Federal Reserve Chairman Powell hinted last week that there may be a pause in rate cuts at the upcoming meeting, which has displeased investors. Citigroup's chief U.S. economist Andrew Hollenhorst believes that U.S. Treasury yields rose due to Powell's comments, but this is more a reflection of Powell keeping options open.

5. Meme Coin Google Search Trends Hit All-Time High

10x Research released a report stating that the Google search trends for Meme coins have hit an all-time high, surpassing the previous peak in March 2024. Since the election, retail speculation has significantly increased, and the spot trading volume for altcoins has surged.