A list of important developments on the evening of November 20
12:00-21:00 Keywords: South Korea, MicroStrategy, Archax, Yao Qian
1. Canaan Technology's third-quarter revenue increased by 120.9% year-on-year; 2. South Korea will implement a 20% cryptocurrency tax in 2025;
3. Survey: 94 of 106 analysts believe that the Federal Reserve will cut interest rates by 25 basis points in December;
4. MicroStrategy has entered the top 100 US listed companies by market value, currently ranking 97th;
5. Archax will provide tokenized money market funds from State Street, Fidelity International and LGIM;
6. Yao Qian, former director of the Science and Technology Supervision Department of the China Securities Regulatory Commission, was expelled from office and dismissed from public office for suspected use of virtual currency for power-for-money transactions.
