Golden Finance reported that Block held its 2025 Investor Day event in San Francisco, where management will release the guidance for the full year 2026 performance and the financial outlook for the next three years, and announce an additional $5 billion stock repurchase plan as part of its capital allocation strategy. The company will provide live streaming and replays of the event on its official website.

BlockBeats news, on November 19, HSBC stated that the US dollar may hit bottom in early 2026 before starting to recover. The bank expects the Fed may cut interest rates in December, but believes the likelihood of further cuts in 2026 is small. However, the market currently anticipates about 85 basis points of easing by the end of the year. HSBC predicts that the euro will rise to 1.20 dollars by the end of this year and early next year, before falling back to 1.18 dollars for the remainder of 2026.

Gate News bot, President Trump has stated that he intends to announce the next Fed chairman candidate before Christmas, and currently, Treasury Secretary Scott Bessent is conducting candidate interviews. Scott Bessent's responsibility is to discuss with well-known figures who may take on the role of chairman. As expectations rise for a Fed chair candidate who may take a dovish stance, the market has experienced volatility. Historically, Trump's selections have tended to favor loose monetary policy, which means such a candidate could stimulate volatility in risk assets, including major cryptocurrencies.

According to Coin Central, Senator Tim Scott, Chairman of the U.S. Senate Banking Committee, announced plans to advance the Crypto Assets market structure bill. He expects the Banking Committee and the Agriculture Committee to vote on the bill next month. Scott stated that the final vote could take place in early 2025, bringing the bill closer to becoming law. The bill aims to regulate the Crypto Assets market, striking a balance between protecting consumer rights and enhancing the competitiveness of the U.S. economy. Scott accused Senate Democrats of slowing down the process, hindering the progress of the bill.

On November 19, according to a report by koreatimes, sources said that Naver, South Korea's largest portal site, is expected to confirm its acquisition plan for Dunamu at a board meeting scheduled for next week. Dunamu is the operator of South Korea's largest Crypto Assets trading platform. Insiders revealed that Dunamu plans to hold a board meeting on November 26 to confirm the specific details of the acquisition.

ChainCatcher news, according to Jin10 report, Eastern Bank analyst Mortier stated that he would not be surprised if the Fed Intrerest Rate drops significantly at some point next year.

Odaily News According to monitoring by Solid Intel, Vitalik Buterin warned at Devconnect that Quantum Computing could break elliptic curve Cryptography before the 2028 U.S. presidential election, urging ETH to transition to quantum-resistant Cryptography within the next four years.

According to Cryptonews, Bitcoin temporarily fell below $90,000 on Tuesday - despite an outstanding performance in 2025, it has recorded losses so far this year. Meanwhile, the total market capitalization of Crypto Assets is facing a real risk of falling below $3 trillion. All of this points to a bigger question: Is a Crypto Assets winter approaching? Has the next round of bear market already arrived? Should investors hold their positions or sell off? Five experts weigh in on this: Bitwise research analyst Danny Nelson is unconcerned about the impending crypto winter and believes the outlook remains bullish.

ChainCatcher news, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, revealed in a recent interview that Hong Kong is continuously optimizing its tax exemption policies. The plan is to further expand the existing scope of tax exemptions from family offices and funds to emerging product categories such as private credit, carbon credits, and digital assets. A bill will be submitted to the Legislative Council next year.

Golden Finance reports that Tim Scott, Chairman of the U.S. Senate Banking Committee, stated on Tuesday that he plans to have the committee vote on the Crypto Assets market structure bill next month. Scott said: "By the end of this year, which is next month, we believe we can complete the bill revisions in two committees and initiate voting, and submit it to the full Senate for a vote early next year, so that President Trump can sign this bill." The structure bill for the Crypto Assets market needs to obtain dual approval from the Senate Banking Committee and the Agriculture Committee, as the content of the bill involves both securities regulation and commodity regulation. Scott stated that the bill will help strengthen the United States' dominant position as "the strongest economy in the world for the next century" while protecting consumer rights. The Republican senator had previously attempted to push the bill through before September this year, but was unsuccessful.

According to Jin10, Fox News reports: U.S. Treasury Secretary Basent stated that President Trump may announce the next Fed Chairman before Christmas.

Odaily News Trump stated that he believes he has identified his choice for the next Fed chair, while claiming that someone is preventing him from firing the current Central Bank leader Powell. Trump told reporters: "I think I know my choice." However, he did not specify who the candidate was. U.S. Treasury Secretary Becerra stated that he has narrowed down the contenders to current Fed governors Waller and Bowman, former Fed governor Warsh, White House National Economic Council director Hassett, and BlackRock executive Riedel. Trump said: "We have some surprising names, and some conventional names that everyone is talking about. We might go the conventional route. It's nice to occasionally walk the politically correct path." Becerra had previously stated that he plans to submit recommendations to Trump after the Thanksgiving holiday. The next Fed chair will have to maintain a cautious balance: catering to Trump's desire for low interest rates while also sustaining investment.

According to ChainCatcher news, reported by Jin10, U.S. bank and financial stocks are on the verge of falling below key support levels, sending warning signals to the entire stock market. The weakness in this zone is driven by credit issues and traders reducing bets on Fed interest rate cuts, with the KBW Bank Index falling 4.5% over the past five trading days, and the S&P 500 Bank Index recording a 2.9% decline during the same period. Miller Tabak Chief Market Strategist Matt Maley stated that if bank stocks continue to fall significantly in the next week or two, it will send a major warning signal to the market.

The Fed released a new memorandum, expecting significant adjustments to the way banks are regulated, emphasizing the need to follow major financial risks, and limiting other supervisory matters. At the same time, Bowman plans to reduce regulatory personnel by 30% over the next year. These changes will affect overall stability regulation but will not impact consumer protection and fair lending regulation for small banks.

PANews November 18 news, according to Bloomberg, HSBC Holdings Plc will launch tokenization deposit services for corporate clients in the United States and the United Arab Emirates in the first half of next year. Manish Kohli, head of global payment solutions at HSBC, stated that the tokenization deposit service allows clients to conduct real-time domestic and cross-border fund transfers 24/7, without being limited to business hours, and this system helps large enterprises manage liquidity more efficiently. HSBC's tokenization service has been launched in Hong Kong, Singapore, the UK, and Luxembourg, and currently, the bank supports transactions in euros, pounds, dollars, Hong Kong dollars, and Singapore dollars. Kohli stated that when the service expands to the Middle East next year, the UAE dirham will be added. According to Kohli, HSBC plans to expand the application scenarios for tokenized deposits in programmable payments and autonomous vaults.

Odaily News Hong Kong Special Administrative Region Financial Services and the Treasury Secretary Hui Zhengyu elaborated in an exclusive interview on Hong Kong's strategic layout in financial technology, asset management, and commodity markets, aiming to leverage the advantages of "one country, two systems" to create the country’s "international asset custody box" and support the strategy for a strong financial nation. Hui emphasized that the goal of developing financial technology (FinTech) is to "empower the real economy," rather than speculative trading. He cited asset tokenization (Tokenization/RWA) as an example, pointing out that Hong Kong is exploring its application in real economic scenarios such as international shipping leasing and corporate fund management, and mentioned that the successful issuance of the third batch of digital green bonds by the SAR government is an important step towards normalization. Hong Kong has enacted relevant laws, with the goal of starting the issuance of stablecoin licenses next year, but the initial number of licenses will be very limited, and regulation will be prudent, clearly stating that stablecoins are aimed at addressing pain points in the real economy such as cross-border payments.

ChainCatcher news, the Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, revealed in a recent interview that Hong Kong is exploring the tokenization of stable cash flows such as international shipping rents, placing them on the blockchain for investor subscription. This model not only creates new investment products but also utilizes blockchain technology to achieve asset traceability. In addition, Hui reiterated that stablecoins are not tools for speculation, and they are currently reviewing license applications, aiming for distribution to begin next year.

Yang Yuhua analyzed how the Bitcoin Money Laundering case masterminded by Qian Zhimin operates within the UK judicial system, emphasizing the importance of civil recovery and victim compensation schemes. It is expected that the UK Supreme Court will initiate relevant hearings in 2026, with hopes of determining the refund funds soon.

BlockBeats news, on November 18, Wang Feng, the founder of Blueport Interactive, stated that since Bitcoin fell below $100,000, he has been quietly buying the dip, dip, dip... (implying that there is an endless amount of buying the dip). He also mentioned that if we disregard policies and the realization of external factors in the US stock market, and solely look at the internal situation of the crypto market, there is more focus today on stablecoins, which are expected to be prominently featured in 2025. Just because policies are relaxed doesn't mean the market is prosperous, and the scale of minting by various parties does not represent liquidity in practical scenarios. Issuance is one thing, application is another. We should observe more the application of stablecoins in the market and the performance of actual businesses. Whether there is strong liquidity demand in the stablecoin market is what truly determines the direction of the crypto market's next steps in terms of being bullish from an internal perspective. We look forward to more media and research institutions providing updates, data, and briefings on the dynamics of the stablecoin market.

Gate News Bot news, on November 18th, according to CoinMarketCap data, as of the time of writing, AERO (Aerodrome Finance) is currently priced at $0.78, down 4.27% in the last 24 hours, with a highest of $1.27 and a lowest of $0.75. The current market capitalization is approximately $703 million, a decrease of about $31.39 million compared to yesterday. AERO is the native token of the Aerodrome Finance platform. Aerodrome Finance is a decentralized exchange where users can conduct low-fee token swaps, deposit tokens to earn rewards, and actively participate in the on-chain economy. The platform combines elegant design, smart incentive mechanisms, and battle-tested technology to provide next-generation liquidity infrastructure. Aerodro

BlockBeats news, on November 18, The Federal Reserve Board of Governors member Christopher Waller publicly expressed support for a further interest rate cut of 25 basis points at the December meeting, focusing on the ongoing weakness in the labor market and concerns over pressures on middle and lower-income consumers. Waller defined this as "risk management style" rate cuts, believing that in the absence of official data, it is better to provide insurance in advance to avoid a rapid deterioration in employment. Meanwhile, the hawkish voices within the Fed have not subsided, and the split in votes makes the next decision full of variables—whether to maintain interest rates or cut them again, there could be at least three dissenting votes. Policy expectations are no longer one-sided, and the market needs to hedge between the "possibility of rate cuts" and "increasing policy divergence." Under this policy fog, the crypto market has shown significant pressure. The panic indicator is currently at 12, trading volume surged 51% in the past 24 hours, and market shocks have sharply amplified; 24

The CEO of DeFiance Capital pointed out that there are design flaws in the encryption derivation market, particularly structural issues with Perptual Futures, which affect the sustainable rise of the industry. The market needs to establish a more robust mechanism to cope with massive wealth evaporation. He hopes that the next generation of Perptual Futures products can enhance safety and market quality.

According to ChainCatcher news and reports from Jin10, with the support of the fading expectations for the Fed to cut interest rates next month, gold prices continued to fall for the third consecutive day. On Tuesday morning, spot gold traded around 4,040 USD/ounce. Traders and policymakers are awaiting a large amount of data to be released, and several Fed officials have warned that they will not lower borrowing costs again. The interest rate swap market currently shows that the probability of the Fed cutting rates in December is less than 40%.

According to Jinse Finance, with UK government bonds leading the way, US Treasury bonds have recovered some ground lost last week. Despite an early setback in the corporate bond market at the start of this week—Amazon issued $12 billion in dollar-denominated bonds (its first dollar bond issuance since 2022)—the rebound in Treasury bonds has been maintained. Similarly, on Monday, the index measuring factory activity in New York unexpectedly increased, reaching its highest level in a year. Nevertheless, most Treasury yields still fell by 1 to 3 basis points. Earlier predictions suggested that with the end of the six-week government shutdown last week, the final restoration of federal economic statistics would boost the prospects of the Fed cutting rates again next month. Morgan Stanley's interest rate strategist predicts that by mid-2026, the yield on the US 10-year Treasury bond will fall to 3.75%, and in the most bullish scenario, it could even reach 2.40%. Although during the shutdown, there was no...

Golden Finance reported that Goldman Sachs stated that central banks around the world may have purchased a large amount of gold in November, continuing a trend over the years to diversify reserves to hedge geopolitical and financial risks. Goldman Sachs reiterated in a report that it expects gold prices to reach $4,900 by the end of 2026, and if private investors continue to diversify their portfolios, gold prices may rise further. So far this year, gold prices have risen by 55%, primarily driven by economic and geopolitical concerns, increased inflows into exchange traded funds, and expectations of further interest rate cuts in the U.S. Goldman Sachs estimates that central bank purchases in September were 64 tons, up from 21 tons in August.

BlockBeats news, on November 18, reported by The Block, investment bank TD Cowen analysts pointed out that with the federal government back in operation, the SEC will face a critical period in the next 12 months as the agency is working on formulating regulatory rules for the encryption industry. The TD Cowen Washington research team led by Jaret Seiberg stated in the report that after the longest government shutdown in history, the market focus has shifted to

BlockBeats news, on November 17, Fed Vice Chairman Jefferson delivered a speech on the economic outlook and monetary policy, stating that the job market shows that supply and demand are gradually cooling. As monetary policy approaches the neutral Intrerest Rate, caution is needed in moving forward. The upside risks of inflation may have decreased, and the impact of tariffs may be temporary. The Fed's Beige Book to be released next week will provide a reference for economic perspectives. (Jin10)

ChainCatcher news, in the context of a generally bottomed market sentiment and ongoing liquidity tightening, how to identify the "real bottom signal" has become the key for investors to grasp the next round of Rebound. On November 18th at 8 PM, SunFlash will focus on the market signals of sentiment and liquidity, providing a comprehensive analysis of bottom characteristics from technical indicators, capital flow, and psychological perspectives. It will break down the true signals of the market bottom from mindset to strategy, allowing for a rational response to fluctuations and avoiding emotional manipulation. Users can follow the official accounts @sunpumpmeme and @AgentSunGenX, retweet the post, and @ three friends. The official team will draw 5 lucky users from the participants to give each a reward of 10 USDT.

According to ChainCatcher news and reports from Jin10, fixed-income strategists at TD Securities stated in a report that as we approach 2026, the Fed's policy normalization will become a key driver in the global interest rate landscape. The strategists pointed out that the market's expectations for long-term rates from the Fed remain "stubbornly" high, but as the Fed continues to push through the rate-cutting cycle, the market will ultimately lower its expectations for the long-term federal funds rate. Due to the "very strong" correlation between global rates and U.S. rates, the decline in U.S. yields will help suppress the rise in long-term borrowing costs in other regions.

Gate News bot message, Seven major cryptocurrency tokens are scheduled for unlocks in the upcoming week, with a total value exceeding $185 million. The largest unlock is Astraea ($ASTER) at $98.62 million, followed by Zero Hash ($ZRO) at $35.43 million. ESPORTS.com Token ($ESPORTS) ranks third with

Morgan Stanley's Chief U.S. Equity Strategist Michael Wilson predicts that the S&P 500 index will pump 16% over the next year, expecting it to reach 7,800 points by the end of 2026, and it has already risen 14% this year. This target is among the highest on Wall Street for strategists, implying a double-digit rise for four consecutive years.

The SOON Foundation has proposed the SIP-4 proposal, planning to unlock approximately 15.92 million SOON Tokens from November 19 to 20. The foundation will fully lock the tokens to protect the rights of existing stakers and encourage community members to review and vote. The next unlock will be on December 23 for SOON Squad NFT holders.

Kim Yong-hoon predicts that Bitcoin will reach $220,000 within the next 45 days. He is known for having an IQ of 276, holds multiple degrees, and is the founder of a high IQ society. He is currently investing heavily in Bitcoin and seeking asylum in the United States.

The Indonesian Ministry of Finance plans to impose an export tax of 7.5% to 15% on gold products, aimed at encouraging domestic processing and implementing different tax rates for upstream and processed products. This policy is expected to be implemented next year, and international gold prices will affect the export tax. Additionally, the government is still discussing the issue of coal export taxation.

BlockBeats news, on November 17, next year the Fed will welcome the annual rotation of four regional Fed presidents. Out of the 12 regional Fed presidents, five have voting rights each year—four of which rotate annually, while the New York Fed has permanent voting rights. In 2026, the presidents of the Cleveland, Dallas, Philadelphia, and Minneapolis Feds will become voting members, while the presidents of the Kansas City, Chicago, Boston, and St. Louis Feds will rotate out. Currently, all four regional Fed presidents with voting rights lean towards a hawkish stance. Boston Fed President Collins stated this week that although she supported the interest rate cut at the last meeting, the threshold for further rate cuts is "relatively high," and maintaining the interest rate at the current level for "some time" may be appropriate. St. Louis Fed President Musalem expressed support for the interest rate cut at the last meeting last week, but emphasized that subsequent actions "need to be cautious, as it should not lead to an excessively loose monetary policy.

CICC predicts that the gold bull run is not over. Historical data shows that its rise and duration are still lower than in the 1970s and 2000s. Considering macro uncertainty and the potential decline of the dollar, gold prices are expected to break through $5,000 per ounce next year. Investors are advised to maintain an overweight position in gold and adopt strategies of increasing allocation on dips and Auto-Invest.

According to ChainCatcher news and Jin10 reports, the Financial Services Agency of Japan is considering regulations that would define crypto assets as financial products subject to insider trading rules and lower their profit tax rate to 20%. These regulations will apply to the 105 crypto assets currently circulating in Japan, such as Bitcoin and Ethereum, and will require exchange service providers to disclose information about price fluctuation risks. The Financial Services Agency hopes to pass the related legislation during the regular National Diet session next year.

U.S. Treasury Secretary Becerra stated that the "dividend" of $2,000 in tariff subsidies proposed by Trump for citizens requires congressional approval. He expects increased economic pressure on households next year but predicts a slowdown in inflation in the first half of 2026 and a rise in real income.

Next week, multiple tokens will undergo significant unlocking, including LayerZero (ZRO), YZY, ZKsync, and others. The unlocked quantities and values are as follows: ZRO will unlock 25.71 million tokens ($38.3 million), YZY will unlock 37.5 million tokens ($14.1 million), ZKsync will unlock 173 million tokens ($9 million), KAI will unlock 8.35 million tokens ($6.4 million), and ApeCoin will unlock 15.6 million tokens ($5.5 million).

According to ChainCatcher news and Jin10 reports, the minutes of the Fed's October policy meeting will be released at midnight next Thursday Beijing time, increasing investors' uncertainty about the path of U.S. interest rates. Last month, the Fed lowered the benchmark interest rate to a range of 3.75% - 4%, but Powell's statement that "further rate cuts by the end of the year are not a foregone conclusion" has reshaped market expectations. Boston Fed President Collins has questioned the possibility of a rate cut next month, emphasizing that "the threshold for implementing additional easing in the near term is relatively high." Data shortages will become a major obstacle to the Fed's decision-making.

WisdomTree's Head of Digital Assets Will Peck expects that an ETF holding a diversified portfolio of Crypto Assets will fill a market gap and become a new wave of investment. This portfolio can drop the risk of individual Tokens, making it easier for new investors to enter the field of encryption.

Golden Finance reports that Michael Saylor stated that Strategy will announce its next round of Bitcoin purchases on Monday morning, and said, "People will be surprised." He also added, "We have been speeding up the procurement process."

Gate News bot message, according to Gate's latest announcement: Gate will launch the Datagram Network (DGRAM) spot trading, while also starting the 321st HODLer Airdrop event. This airdrop will distribute 6 million DGRAM tokens to users holding GT. Trading will begin on November 18, 2025, at 18:00 ( UTC+8, with the trading pair being DGRAM/USDT. Datagram Network is a decentralized data infrastructure protocol aimed at supporting the next generation of decentralized personal infrastructure networks. The project uses the BEP-20 token standard, with a total supply of 10 billion DGRAM, and the contract address is 0x49c6c91ec839a581de2b882e868494215250ee59. The project is supported by partners in the fields of artificial intelligence, energy, and decentralized systems, with main functionalities including tracking uptime, routing data, and verifying real-world activities on-chain, with plans to expand to hundreds of millions of devices and data sources globally.

Foresight News reports that the privacy security computing network Nillion will gradually migrate to Ethereum. The official stated that it will first migrate the treasury and NIL Token from NilChain to the Ethereum Mainnet, adopting a new ERC-20 token contract. In February 2026, the team will launch a cross-chain channel to the Ethereum Mainnet, allowing users to migrate NIL tokens from the Cosmos network to Ethereum and participate in activities directly within the Ethereum ecosystem. Additionally, next year, the team will deploy the Nillion L2 layer on Ethereum based on native smart contracts and network tools, enabling staking functionality, on-chain coordination mechanisms, and seamless integration with Nillion's private computing and storage layer through the existing wallets and infrastructure of developers.

Golden Finance reported that Stephen Innes, managing partner of SPI Asset Management, stated that important data will be released after the U.S. government reopens. The market's expectation of a slowdown may lower U.S. Treasury yields, aiding a rebound in gold. The recent pullback in gold prices is seen as a position adjustment, and the outlook for gold remains optimistic. Investors are focused on real yields, the dollar's movement, and economic data.

On November 13, the first single Token XRP Spot ETF in the U.S. - Canary XRP ETF was listed on Nasdaq. The trading volume on the first day was 59.22 million USD, with a net inflow of zero; the next day, the net inflow was 243 million USD, with a total net asset value reaching 248 million USD.

Luffa has upgraded to a "next-generation creator and fan economy operating system," with registered users surpassing 1 million and application downloads exceeding 2 million. New features include live streaming, short videos, and more, aimed at enabling direct interaction between creators and fans through Blockchain technology, building a new economic paradigm.

According to Jinse Finance, Raphael Bostic, president of the Atlanta Federal Reserve Bank, hinted that while he supports the recent two rate cuts, he has not yet decided whether to approve another rate cut next month. Bostic stated at an event in Seattle on Friday: "I can accept the first two rate cuts, as for the next one, we will have to wait and see. I want to judge what kind of policy is most appropriate based on the data." Federal Reserve officials currently have serious disagreements on whether to continue cutting rates next month. So far this year, the Fed has cut rates by a total of 50 basis points. According to futures market pricing, investors currently believe that the probability of a 25 basis point cut at the December 9-10 meeting is slightly below 50%. Bostic pointed out that the current situation is challenging, as "we are not making progress towards our goals in either aspect of our dual mandate (i.e., employment and inflation)." Earlier this week, he stated that inflation remains a "more clear and pressing risk" in the economy.

Golden Finance reports that Musk stated that GROK 5 is expected to launch in the first quarter of next year.

According to ChainCatcher news and Jin10 reports, Barclays strategists expect the Fed to start purchasing treasury bills in February next year, after several key Fed officials hinted at expanding the balance sheet. Barclays strategist Samuel Earl stated, "Given the market's focus on repo rates, the Fed is in risk management mode, and preemptively starting asset purchases seems to be the most likely outcome."