U.S. Treasury Secretary Scott Bessent recently made an unexpected appearance at the opening event of the Bitcoin-themed bar Pubkey DC in Washington, which has attracted widespread follow in the encryption industry. Industry insiders generally interpret this as a symbolic signal of increased visibility for Bitcoin at the policy level, but there are also views that caution that the short-term price impact may be limited. Since taking office, Bessent has expressed support for digital asset innovation multiple times and has pushed for related legislation. His appearance at a Bitcoin bar is seen as a public demonstration of a pro-encryption stance, sparking heated discussions in the community about the possibility of "policy recognition" combined with Bitcoin culture.

NVIDIA's stock price fluctuated sharply after the earnings report was released, raising concerns in the market about its financial condition. Researcher Pereira pointed out that the company's balance sheet data shows clear contradictions, with accounts receivable and inventory surging, and cash flow conversion rates lower than those of peers. The exposure of a closed-loop funding phenomenon indicates that revenue has not been genuinely realized. Investors are fleeing, warning that NVIDIA may trigger a broader market collapse in the future, and suggesting a shift towards more stable assets.

According to ChainCatcher news and reports from Jin10, Vanguard, a global large asset management company, stated that due to the massive capital expenditure boom in the field of artificial intelligence driving the economy's sustained rise, the Fed's rate cut is expected to be much lower than Wall Street's current widespread expectations. Sara Devereux, head of fixed income, predicts that the Fed may cut rates one to two more times next year, a forecast that sharply contrasts with the market's general bet on three to four rate cuts by the end of 2026.

PANews, November 21 - According to The Wall Street Journal, sources say that Dark Side of the Moon is seeking a new round of financing, which could bring its valuation to around $4 billion. This new round of financing may be completed by the end of 2025, with existing investor Tencent also likely to participate, and IDG Capital may join as well. Dark Side of the Moon plans to seek an IPO in the second half of next year.

Ray Dalio stated that although there is a bubble in the stock market, investors should not be in a hurry to exit the artificial intelligence sector. He believes that the current conditions do not support bursting the bubble, and there may be significant rises in the future. He mentioned that Fed interest rate hikes or a wealth tax could trigger a dumping, but it is unlikely to happen in the short term.

According to Foresight News, as reported by Sina Finance, Lv Zhihong, a member of the Hong Kong Stablecoin Review Tribunal and the Web3 Development Group, stated that stablecoins may face potential risks related to asset allocation, network security, and smart contracts. However, Hong Kong's regulatory framework has been standardized throughout the entire process from access, operation, to exit, minimizing risks to the greatest extent. The core goal is to ensure asset security for stablecoin holders. The price of stablecoins is relatively stable, leaning more towards being a payment tool rather than an investment product, and the core of regulation also revolves around ensuring the 'holding security' of stablecoin holders.

Goldman Sachs partner John Flaherty pointed out that after Nvidia's strong earnings report, the US stock market experienced significant fluctuations, with the S&P 500 index recording its largest intraday volatility, and market sentiment shifted towards risk aversion. Investors are focusing on hedging risks, with increased shorting activities; analysts believe the market may rebound in the short term.

Gate News Bot news, on November 21, according to CoinMarketCap data, ALLO (Allora) is currently priced at $0.19, rising 14.43% in the last 24 hours, with a peak of $0.27 and a low of $0.15. The 24-hour trading volume reached $166 million. The current market capitalization is approximately $38.4 million, an increase of $4.84 million compared to yesterday. ALLO is currently ranked 519th in the global Crypto Assets market capitalization. Important news about ALLO recently: 1️⃣ **Price rebound indicates improvement in market sentiment** ALLO has experienced a significant rebound of 14.43% in the last 24 hours after a substantial decline earlier, reaching a high of 0.27 USD. This price trend indicates that the market's view on ALLO may be improving, with an increase in buying demand. 2️

Investment bank Jefferies reports that the stablecoin Tether has become a significant buyer in the gold market, holding 116 tons of gold and becoming the world's largest non-sovereign holder of gold. With the rise of USDT, Tether may continue to increase its gold reserves.

Golden Finance reported that BitMine Chairman Tom Lee stated in an interview with CNBC that the current weak trend in the crypto market is highly similar to the big dump on October 10, when the largest liquidation in history was triggered due to stablecoin pricing errors, causing nearly 2 million accounts to be washed out and liquidity to be instantly depleted. Lee pointed out that such deleveraging cycles usually last about 8 weeks, and we are currently in the 6th week, indicating that the market may be nearing the end of its adjustment.

Alliance QwQiao reiterates its warning about the crypto market, predicting that the next Bear Market will be more severe than expected due to unidentified investors purchasing trading platforms and ETFs. He believes the market will experience a retracement of about 50%, and recovery will only occur after investors clear their positions.

Gate News Bot news, November 21, according to CoinMarketCap data, as of the time of this writing, ALT (Altlayer) is currently priced at $0.02, with a rise of 14.28% in the last 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $775,000, an increase of nearly $96,800 compared to yesterday. Recent important news about ALT: 1️⃣ **Price predictions draw market attention** Market analysts have predicted the price trend of ALT (Altlayer), attracting widespread attention from investors. These predictive analyses may have influenced investor confidence and market sentiment, partially explaining the recent rise in ALT's price. 2️⃣ **Demand for ALT to USD exchange increases** The exchange demand between ALT and the US dollar has seen a rise

The UK's Serious Fraud Office is investigating the now-defunct cryptocurrency project Basis Markets, which shut down after raising approximately $28 million at the end of 2021. During the investigation, two men have been arrested, and funds may have been transferred to anonymous Wallets. The BASIS Token fell nearly 40% following the news of the investigation.

BlockBeats news, on November 21, Alliance DAO co-founder QwQiao reiterated his view, "The next bear market (I don't know when it will come) will be worse than most people expect. Right now, there is a large group of 'dumb money' that knows nothing about encryption buying spot and ETF. Such a situation never ends well. The market may need another 50% depth retracement to 'wash out' the positions in these people's hands, so that the market can rebuild a solid foundation and continue its supercycle." Placeholder partner Chris Burniske also expressed a similar view, stating, "The dumping era of DAT has just begun. Just as it once rose all the way up, it will now fall all the way down."

JPMorgan pointed out that if MSCI removes the Bitcoin giant MicroStrategy, it could lead to a capital outflow of up to $2.8 billion, with total outflows from other indices such as Nasdaq and Russell potentially reaching $11.6 billion. Analysts believe that the decline in MSTR's stock price is mainly due to market concerns about its removal, rather than a drop in Bitcoin prices. MSCI is evaluating the exclusion of companies primarily holding Bitcoin as an asset, with a decision to be announced by January 15 next year.

PANews November 21 news, according to Reuters, Andrew Bailey, Chairman of the G20 Financial Stability Board (FSB), stated in a letter to G20 leaders that the rapid development of private credit markets and stablecoins urgently requires enhanced global regulatory cooperation. He warned that differences among countries in the regulation and prudential frameworks for stablecoins may increase systemic risks and called for the establishment of cross-border compliance mechanisms. At the same time, he emphasized that the slow progress of major economies in implementing the Basel III global banking capital standards should also be taken seriously.

According to a report by Jinse Finance, analysts at JPMorgan have indicated that retail investors sold approximately $4 billion worth of spot Bitcoin and Ethereum ETFs in November, which is a major driver of the recent adjustments in the crypto assets market. Meanwhile, retail investors are purchasing stock ETFs, increasing their holdings by about $96 billion this month, indicating that the crypto asset sell-off is not part of a broader risk-off sentiment.

The Argentine House of Representatives investigation committee released a report accusing President Milei of providing key collaboration for the Libra project, resulting in a loss of $107 million. The report associates KIP Protocol, suggesting that the government is evading regulation. Milei denies the accusations and is currently undergoing a judicial investigation with the founder of Libra.

According to ChainCatcher news, as reported by Jin10, NVIDIA (NVDA.O) released strong earnings results and confirmed that the economic foundation remains strong with the employment report, but the optimism in the US stock market failed to last. Traders pointed out that concerns over AI revenue and profits have resurfaced, and the fall of Crypto Assets to a low not seen since April has also affected the stock market. Chris Murphy, co-head of derivatives strategy at Susquehanna International, stated that investors are beginning to question the driving factors for year-end market movements, and CTA Positions remain fragile, which may trigger automatic Close Position mechanisms in quantitative funds, leading to additional dumping.

The Federal Reserve Board of Governors Cook warns that the complexity of leveraged companies in the financial sector is increasing, and it is necessary to monitor the unexpected losses from private credit on the financial system, especially the vulnerabilities that may arise from the expansion of hedge funds in the Treasury market. Despite the challenges, the financial system remains resilient.

Odaily News The Federal Reserve Board of Governors member Cook stated that the possibility of a significant fall in asset prices has increased, but this does not pose a risk to the financial system. The U.S. financial system is resilient. The application of generative artificial intelligence in trading raises concerns but may also bring benefits, which must be followed with caution. Private credit currently does not pose a threat to financial stability, but it is worth close attention. (Jin10)

PANews, November 20 news, according to Jin10 reports, institutional analysts evaluate the U.S. September non-farm: assessing the Fed's likelihood of a rate cut in December is very difficult. The market pricing is once again close to a 50% probability, and the beige book may become a deciding factor again, as there will be no new CPI or employment reports before the December meeting. For long-term interest rates, if the Fed guides the market's focus on a rate cut in January during the meeting, then the rate cut in December becomes irrelevant. Therefore, in my view, all the concerns surrounding whether to cut rates in December only matter to short-term interest rate traders.

According to ChainCatcher news and reported by Jin10, Fed's Hamak stated that the financial system is in good condition, and households' financial situations are also good. However, he pointed out that lowering interest rates for risk management may increase financial stability risks.

Odaily News Nasdaq-listed AVAX treasury company AVAX One announced that its board has approved a stock repurchase program of up to $40 million. This repurchase program will last for one year and may be executed from time to time through open market transactions or other methods permitted by applicable securities laws and regulations. The timing and amount of repurchases will depend on market conditions, regulatory requirements, capital allocation plans, and other company factors. (Prnewswire)

Odaily News Wall Street investment bank JPMorgan stated that the market performance of Bitcoin treasury company Strategy has been relatively poor recently, and the recent market decline has led to increasing concerns that index provider MSCI may remove the company from key stock indices on January 15, 2026. Analysts believe that if MSCI removes Strategy, it could further impact the crypto market and exacerbate fluctuations, while losing the status as a major index component will also damage Strategy's reputation and raise doubts in the market about its financing capabilities in the stock and bond markets. (CoinDesk)

Affected by NVIDIA's earnings report, the US stock market and crypto market experienced fluctuations, with Ether briefly falling to $2,870. After the earnings report exceeded expectations, the market quickly rebounded, and the $2,800 area may become a support level. Retail investors sold, while whales continued accumulation, indicating that supply and demand are concentrating towards large investors.

Deutsche Bank analysts pointed out that the market's focus on the September non-farm report has been delayed, which may affect the decision to cut interest rates in December, especially in the current situation where the employment market's rise rate is low, and any signs of weakness are attracting attention.

Fundstrat Chief Investment Officer Tom Lee stated that the bottom for ETH may have already formed. Previously, ETH tested the 2,800 USD support level and quickly rebounded to above 3,000 USD at the time of writing. Tom Lee told reporters during an interview with CNBC that he remains optimistic about Ethereum, as the network is undergoing significant innovations, including the creation of stablecoins, and Larry Fink and BlackRock's choice of Ethereum to tokenize real-world assets.

Since April, the US stock market has experienced a severe fall, but executives of listed companies have actively bought back their own stocks during the market panic, creating a buying frenzy that provides some comfort to long positions. Against the backdrop of the decline in the S&P 500 index, the buying pace of insiders has reached its fastest in recent months, indicating their confidence in the market outlook.

According to an analysis report shared by XWIN Research Japan, if the Fed chooses not to cut interest rates at next month's highly anticipated meeting, Bitcoin may remain stuck in a narrow trading range until the end of December. The Federal Open Market Committee meeting in December (FOMC) is expected to be one of the most unpredictable meetings in recent years. The U.S. government shutdown has forced the Bureau of Labor Statistics to cancel the October employment report and delay the data releases for October and November, leaving policymakers to attend the meeting with unclear information.

According to ChainCatcher news and monitoring by GoPlus, the DMT (@dexmaxai) Airdrop has security risks. Users may be deceived into authorizing other Token during the process of receiving the Airdrop, resulting in the theft of assets from over a thousand users, with cross-chain asset transfers exceeding $130,000. It is recommended that users who have received the $DMT Airdrop quickly revoke relevant authorizations or transfer their assets to a safe Wallet. Currently, the official DexMax AI Twitter and website have been taken offline.

After the U.S. government resumes operations, it will release key economic indicators. The chief economist of Moody's Analytics stated that if the official data does not align with expectations, the market may face severe fluctuations, impacting confidence in the effectiveness of Fed policies.

PANews, November 20 news, Gareth Soloway, a veteran Wall Street trader with 27 years of trading experience, warned on the program that the current market, driven by the AI concept, has seriously overdosed on future valuations, and the market may face a pullback of 10%-15%, which is just the beginning. He pointed out that AI-related stocks accounted for 75% of the S&P 500 index's rise over the past two years, but valuations have already priced in earnings for the next five years, posing significant risks. He stated that Bitcoin's recent performance has been poor due to factors including reduced volatility, decreased institutional buying, and a trend towards risk aversion. He expects Bitcoin may drop to the range of $73,000 to $75,000 in the short term, or even lower, but he plans to gradually buy in within that range to accumulate a long-term position. Regarding the altcoin market, Gareth maintains a cautious attitude and predicts that Ethereum may further decline to the range of $2,800 to $2,700, which is an important support level.

According to 4E observations, the U.S. Bureau of Labor Statistics (BLS) will resume the release of the delayed September non-farm payroll report due to the government shutdown this Thursday, ending a two-month gap in official data. However, this data is viewed as "outdated information" due to latency, and its market impact may be relatively limited. The Dow Jones consensus expects approximately 50,000 new jobs in September, higher than the original estimate of 22,000 for August, but still reflects a weak labor market; the unemployment rate is expected to remain at 4.3%, with a month-on-month wage growth of 0.3% and a year-on-year growth of 3.7%, basically in line with the previous values. RSM Chief Economist Bru Suelas believes that the revised data for September and the previous two months may be slightly better than expected, but overall remains weak. The impact of the standstill on the data system is even more profound. The BLS has confirmed that it will combine the employment reports for October and November to be released on December 16, and the unemployment rate for October will not be released separately; job vacancies (JOLTS) will also be combined.

According to ChainCatcher news and Jin10 reports, economists generally predict that the U.S. non-farm payrolls will increase by 100,000 in September, with the unemployment rate expected to remain stable at 4.3%. Analysts from TD Securities stated that with a support of 125,000 jobs added in the private sector, the employment figure for September may rebound to 100,000. Government employment positions may decrease by 25,000. The average hourly wage is expected to rise at an annual rate of 3.7%, remaining consistent with the increase in August.

On November 20, the expected September non-farm payroll report will reflect the weakness in the labor market, with multiple agencies generally anticipating new job numbers between 40,000 and 80,000, and the unemployment rate remaining at 4.3%. The overall trend indicates a slowdown in the job market, but no severe recession has occurred.

BlockBeats news, on November 20, according to Google search, some users have sponsored ads to place the Hyperliquid official Address with their referral link at the top of the "Hyperliquid" search results. Their intention may be to acquire new users through Google search for rebates. BlockBeats reminds users to be vigilant against phishing links and counterfeit websites when searching for the official websites of related projects on search engines, to ensure their asset security.

Vitalik stated in an interview that Wall Street is a user of Ethereum and warned that if institutional ETH Holdings increase, it may lead to a loss of developers and impact the technology roadmap.

Foresight News reported that according to Santiment monitoring, Bitcoin whales have been increasingly active during the price fall over the past six weeks, with over 102,900 transactions worth more than $100,000 and over 29,000 transactions worth more than $1,000,000 this week. Santiment stated that this week is expected to become the most active week for whales since 2025.

Due to the U.S. government shutdown, the non-farm payroll report for September will be released tonight, with an expected addition of 50,000 jobs and the unemployment rate remaining at 4.3%. This may be the last reliable data for the next few months, as economists are concerned that the rise in employment will continue to be weak.

According to ChainCatcher news reported by DL News, Ethereum founder Vitalik Buterin warned at the Devconnect conference in Buenos Aires that if institutions like BlackRock continue to accumulate ETH, Ethereum will face two major survival threats. Currently, nine companies on Wall Street hold over 18 billion USD ETH, and analysts predict that institutional holdings may exceed 10% of the total supply of Ethereum. Vitalik pointed out two major risks: Threat 1: Expelling core developers, institutional dominance will alienate the builders who truly care about decentralization, and the core community may be lost. Threat 2: Incorrect technology choices, institutional pressure may drive improper technology decisions, such as a 150 millisecond block time which benefits high-frequency trading but makes it impossible for ordinary users to run nodes, resulting in geographical centralization. Vitalik emphasizes the solution party

Bond investors follow the upcoming non-farm payroll report, which may affect Fed rate cut expectations. Experts point out that if the data falls short of expectations, market reactions will be more pronounced, and changes in the unemployment rate will become a key indicator.

BlockBeats news, on November 20, according to Decrypt, multiple Crypto Assets ETFs are set to begin trading within the next week. Bloomberg analysts predict that the Bitwise XRP ETF will be listed this Thursday, while Grayscale and Franklin's XRP ETFs, as well as Grayscale's DOGE ETF, may start trading next Monday.

The Financial Services Commission of South Korea is considering allowing tech giants to issue their own stablecoins, raising concerns in the industry that it may weaken the competitiveness of banks. President Lee Jae-myung has promised to open the market, but efforts are being obstructed by South Korean banks.

Golden Finance reported that OpenAI has grandly launched GPT‑5.1-CODEX-MAX, which is now available for listing on CODEX. A version of ChatGPT aimed at teachers has been released and will be freely accessible until June 2027. Pricing may be adjusted after June 2027, but the goal is to keep the teacher-focused ChatGPT affordable for educators.

Golden Finance reports that the Fed's meeting minutes show that "several" officials indicated that a rate cut in December is "very likely" appropriate, while "many" officials believe that a rate cut in December may not be appropriate. "Many" officials support a rate cut in October, "some officials" do not support it, and "some" of those supporting a rate cut in October may also support holding steady.

According to ChainCatcher news, reports from Jin10 indicate that the Fed meeting minutes show several participants emphasized the risk of a chaotic fall in the stock market, especially in the context of a sudden reassessment of AI-related prospects.

According to ChainCatcher news and Jin10 reports, the trading department of JPMorgan stated that the longest consecutive decline in US stocks since August has created opportunities for Buy the Dips. The S&P 500 index has fallen for four consecutive days, with a cumulative decline of 3.4% as of Tuesday's close. Andrew Tyler, head of global market intelligence at JPMorgan, stated that this round of pullback represents a "technical Whipsaw" in the stock market, and the adjustment period may have already ended. Tyler noted in a report to clients on Wednesday that, given no changes in fundamentals, it is now possible to Buy the Dips.

Due to the data fog exacerbating the uncertainty of the Fed's policy, officials have expressed concerns about inflation and are cautious about interest rate cuts, while the market is waiting for new catalysts. The yield on our bonds remains in a narrow fluctuation, and the minutes from the October meeting may reveal the number of opponents to interest rate cuts.

Odaily News The Federal Reserve Board of Governors member Mylan stated that the Fed "may" reduce its balance sheet again in the future. The size of the Fed's balance sheet is ultimately determined by regulatory requirements. The meeting will support the immediate end of the Fed's quantitative easing policy at the policy meeting on October 28 to 29. (Jin10)