Weekly Report
Last Week Review:
I. Important Events
1. Tether Treasury has minted a total of 9 billion USDT since November 8.
2. Trump's team is considering establishing the first cryptocurrency position in the White House.
3. Retail trading volume of Bitcoin has reached a three-year high.
4. Shanghai High Court: Personal possession of virtual currency is not illegal, but issuing tokens is illegal.
5. SEC Chairman Gary Gensler will resign on January 20.
II. Important Data
1. Initial claims for unemployment benefits in the U.S. for the week ending November 16 (10,000 people) Previous value: 21.9 Forecast value: 22 Published value: 21.3 (bullish)
2. U.S. Michigan University Consumer Sentiment Index final value for November. Previous value: 73 Forecast value: 73.7 Published value: 71.8 (bearish)
III. BTC, ETH (ETF) Net Inflow/Outflow Data Statistics
Last week BTC (ETF) net inflow was $3.335 billion.
Last week ETH (ETF) net outflow was $68.4 million.
This Week's Focus:
1. On November 27 at 03:00, the Federal Reserve will release the minutes of the November monetary policy meeting.
2. On November 27 at 21:30, the initial claims for unemployment benefits in the U.S. for the week ending November 23 will be published.
3. On November 27 at 23:00, the U.S. Core PCE Price Index year-on-year for October will be published.
