According to the latest data from the Bloomberg Billionaires Index, the Trump family's wealth plummeted from $7.7 billion to $6.7 billion between September and November 2025, evaporating $1 billion in a single quarter, mainly due to the severe shrinkage of their crypto portfolio. Among them, Trump's media company's Bitcoin holdings have a floating loss of 25%, the token WLFI on the World Liberty Financial platform has halved in value, the stock price of the American Bitcoin company has plummeted by over 50%, and the Trump-themed meme coin has dropped about 25% since August.

CITIC Securities pointed out that the decline of the US stock market on November 20 was mainly driven by macro factors rather than a collapse of the AI bubble. Profit-taking and the Fed's hawkish statements triggered a pullback, and the market may focus on Trump's nomination of a new Fed chairman in the future. At the same time, the fundamentals of the AI zone are solid, and the possibility of a bubble burst in the short term is low.

The government efficiency department (DOGE) established by President Trump has been disbanded, despite plans to operate until 2026. The director of the Office of Personnel Management, Cooper, confirmed that the department no longer exists, marking the failure of the Trump administration's attempts to reform the department.

According to Jincai Finance, US Secretary of State Rubio stated that the talks held between the US and Ukraine on November 23 in Geneva, Switzerland, were the most productive and meaningful meetings between the two sides to date. Rubio noted that the discussions made good progress, but there is still some work to be done, and his team will provide more updates later on the evening of the 23rd. Rubio mentioned that the outcomes of the talks will ultimately need to be signed off by US President Trump.

Golden Finance reported that White House economic advisor Hassett: The new leadership of the Fed may be expected to cut interest rates, and Trump may interview Fed candidates in the coming months. We may determine the Fed chair candidate around the New Year.

Trump is expected to appoint a new Fed chairman next May, after which the Interest Rate is likely to drop significantly. However, voices opposing interest rate cuts within the Fed are growing stronger, which may affect the decision on interest rate cuts. Even with a change in leadership, internal divisions may persist, indicating that future monetary policy may be decided by a slim majority.

According to Jin10, Trump is expected to push for significant interest rate cuts after appointing a new Fed chair next year, but opposition within the Fed to a rate cut in December is becoming increasingly evident, with Powell facing unprecedented internal resistance and the decision-making process potentially experiencing serious divisions.

Jin10 reports that Reuters on the 21st cited sources revealing that the Trump administration is considering approving the export of NVIDIA's H200 artificial intelligence chips to China. The report cited informed sources stating that the U.S. Department of Commerce, which oversees U.S. export controls, is reviewing changes to export restrictions to China, and that related plans may change. The report stated that the U.S. Department of Commerce has not yet responded to this, and NVIDIA has not directly commented on the matter.

Trump emphasized during an interview that Ukrainian President Zelensky must agree to the U.S. peace plan, or the conflict will continue. He mentioned that he had warned Zelensky that "there are no cards to play," and pointed out that both sides have suffered heavy casualties. Trump believes that the 27th is the deadline for Ukraine to accept the peace plan.

U.S. Democratic Congressman Jason Crow has called for an investigation by Capitol Police into Trump for his "intimidating and threatening" remarks on social media. This request involves legal disputes surrounding the president's constraints under criminal justice procedures, as Trump's posts have led to an increase in violent threats against congressional offices.

Putin stated at the Standing Committee meeting that Russia and the United States have discussed Trump's peace plan for Ukraine and the U.S. "28-point plan." He pointed out that Russia is willing to engage in peace negotiations, but there needs to be an in-depth discussion on the details of the plan. Currently, the U.S. pause stance is related to Ukraine's rejection attitude.

According to ChainCatcher news, the Trump family's encryption project "World Liberty Financial" partner WLFI Reserve Company ALT5 Sigma stated in documents submitted to the SEC that its CEO was officially suspended on October 16, but internal emails show that the company's board had actually placed him on "temporary leave" as early as September 4. Several securities regulation experts indicated that this significant time difference may have violated information disclosure rules. The enclosed email also revealed that the Chief Revenue Officer Vay Tham was simultaneously placed on leave, as the board's special committee is investigating "certain matters related to the company." According to SEC regulations, listed companies must disclose when executives actually cease to perform their duties.

Odaily News As Powell's four-year term is set to end in May next year—just six months away—the search for the next Fed chair is in full swing, with five candidates currently vying for what could be the most significant position in the U.S. economy. Powell has endured months of relentless attacks from Trump. Trump has consistently called for a drop in interest rates and has tried to reshape the Fed into a subservient institution. This week, Trump reiterated his desire to fire Powell, stating he 'really wants to get rid of him.' The next Fed chair may need to arm themselves to resist Trump's scorched-earth policy approach—unless that person is Hassett. Hassett has already hinted that he would support Trump's desire for a massive rate cut. (Jin10)

BlockBeats news, on November 21, the Meme coin market has fallen to its lowest valuation in 2025, with a total market capitalization dropping to 39.4 billion USD, evaporating over 5 billion USD in 24 hours, a decline of about 66.2% compared to the historical high of 116.7 billion USD set on January 5. Major Meme Tokens have all experienced significant declines, with the top ten Meme coins showing drops over the past 1 hour, 24 hours, and 7 days. DOGE and SHIB recorded double-digit declines, while TRUMP had the smallest decline but still fell by 11.65%. The total market capitalization of NFTs dropped to 2.78 billion USD today, down 43% from 4.9 billion USD 30 days ago, marking the lowest point since April. Over the past 30 days, most of the top ten NFT series recorded double-digit declines, the most...

The White House is preparing to respond to potential personnel changes by Trump after the anniversary of his term, which may affect the stability of the cabinet, particularly with possible adjustments in the Department of Homeland Security and the Department of Energy. The White House Press Secretary stated that there will be no changes in the cabinet.

Golden Finance reported that officials in the Trump administration are preparing for possible cabinet adjustments after the first anniversary in office. (CNN)

A year ago, the software company MicroStrategy, which was the first to invest in Bitcoin as a corporate financial asset, saw its stock price reach an all-time high of (MSTR), while Bitcoin also approached the $100,000 mark for the first time. However, the world is unpredictable. Now, the stock price of MicroStrategy has fallen 68% from its peak of $543 set just days after President Trump's election victory, and the price of Bitcoin has also dropped to $83,142, hitting its lowest level since April. On the largest compliant exchange platform in the U.S., the price of Bitcoin has dropped even more, briefly falling to $81,385 on Friday. Currently, MicroStrategy's average purchase price is around $74,430, which remains a key price point to watch.

The White House announced that Trump has modified the tariffs on certain agricultural products from Brazil, deciding to cancel the 40% additional ad valorem tariff on certain products, with the adjustments to take effect after November 13. This modification comes after initial progress in negotiations with the Brazilian government.

Golden Finance reported that the U.S. Senate Agriculture Committee approved Trump's nominee for CFTC Chairman, Michael Selig, by a vote of 12 to 11. During the hearing, senators focused on whether the CFTC needs a larger budget for encryption regulation and the agency's independence and partisan balance. Selig stated that he would assess funding needs upon taking office and emphasized the need to establish a clear regulatory framework that protects investors and supports encryption innovation.

According to Jinse Finance, a recent poll reported by CCTV News shows that the American public is increasingly dissatisfied with Trump's economic policies, and overall economic sentiment has significantly worsened. In the survey, 76% of respondents believe that the economic situation in the United States is "poor," up from 67% in July. The majority of respondents indicated that living costs, including medical and housing expenses, continue to rise. Only 15% of respondents believe that Trump's economic policies have had a positive effect, while 46% believe these policies have worsened the economic situation.

Odaily News Trump’s eldest son Donald Trump Jr. has invested in Thumzup Media Corporation, a social media company that holds a reserve of Crypto Assets, and announced the acquisition of the DOGE and Litecoin Mining company Dogehash. After the transaction is completed, Dogehash will become a wholly-owned subsidiary and will undergo a rebranding. In addition, Thumzup also disclosed that it held assets worth 52 million dollars as of the end of the third quarter. (PRNewswire)

Odaily News Trump family encryption project WLFI co-founder Zach Witkoff posted on the X platform in response to reports of users' wallets being frozen and forced KYC, stating that the report is completely misleading, and WLFI has always supported community members who have suffered from phishing attacks.

According to Golden Finance, on November 20, at the Saudi-U.S. Investment Forum held at the Kennedy Center, Trump stated in a speech that he would like to fire Fed Chair Jerome Powell, but Treasury Secretary Scott Basset was obstructing him. Trump urged Basset to "convince" Powell to drop interest rates as soon as possible and threatened that if the Fed did not cut rates, he would fire Basset, saying, "You have to convince him, Scott. The only thing you messed up was the Fed. Because the Fed's interest rate is too high, Scott. If you don't solve this problem quickly, I'm going to fire you."

Odaily News According to Bloomberg, Trump will issue an executive order named "Genesis Mission" aimed at promoting the development of AI in the United States.

BlockBeats News, on November 20, Trump frequently interacted with Musk during his speech at the Samai Investment Forum: Trump pointed at Musk and said, "Elon, you are so lucky to have me by your side! (Trump has personally purchased a Tesla electric vehicle to help Musk promote it) Have you properly thanked me?" Additionally, Trump also interacted with Musk on stage regarding the struggle against the Democrats, showing that both have previously stood together against the Democrats. Earlier news reported that Musk expressed gratitude to Trump, and both attended the Samai Investment Forum together.

BlockBeats news, on November 20, Trump has signed a bill approving the release of the Epstein files.

Foresight News reports that, according to The Verge, Trump is considering signing an executive order as early as November 21. This executive order would grant the federal government unilateral authority to regulate artificial intelligence, including the establishment of a "Special Task Force on AI Litigation" supervised by the Attorney General, with members including White House Crypto Assets and AI Director David Sacks. Its sole responsibility would be to challenge state laws on artificial intelligence. The task force would have the authority to sue state governments identified as obstructing the development of the artificial intelligence industry.

Golden Finance reported that Musk stated on the X platform, "I want to thank President Trump for everything he has done for America and the world." Previously, Musk and Trump jointly attended the Saudi Investment Forum, where Musk's company reached a series of cooperations with the Saudi side.

Golden Finance reports that U.S. President Trump: The rise in the stock market is boosting the U.S. economy, and the rise in stock prices is astonishing.

Trump announced the signing of a $270 billion protocol at the US-Saudi investment forum, involving multiple companies, and is expected to bring a large number of jobs and opportunities. Specific details of the protocol have not yet been disclosed, and general aviation will deliver new engines.

Golden Finance reports, US President Trump: I really want to fire Powell, he is extremely incompetent, spending $4 billion to build a building, while my new White House banquet hall project costs much less and is larger. The current Interest Rate is too high, we should sue Powell over the construction costs of the Fed.

Odaily News Crypto Assets and social media company Trump Media & Technology Group's stock price has experienced a big dump, falling nearly 70% this year alone, with a 34.6% fall just last month. Combined with the sluggish cryptocurrency market, the Trump family's wealth has evaporated by over 5 billion dollars. It is reported that Trump himself indirectly holds about 115 million shares in the company. (NYPost)

Odaily News In addition to the staunchest allies, almost no one publicly supports Trump's idea of "distributing $2,000 checks" to achieve the so-called "tariff bonus." However, Terry Haines, founder of Pangaea Policy, even stated in a report to clients this week that tax refund checks are "highly likely." He pointed out that this idea could be included in the upcoming "budget reconciliation bill" to be introduced in Congress, which could pass solely on Republican votes. He wrote, "Trump is increasingly discussing this matter with greater certainty, and Trump and Congressional Republicans have the legislative means to accomplish it, so the market should view it as a fact today." (Jin10)

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.

BlockBeats news, on November 19, according to Reuters, U.S. senators will pressure Michael Selig on a series of sensitive issues on Wednesday, including his plans for reforming cryptocurrency regulation and election betting regulation. Selig is Trump's nominee for chairman of the Commodity Futures Trading Commission (CFTC). Selig currently serves as the chief legal advisor for the SEC's Crypto Assets Special Task Force and is an advisor to Paul Atkins, the Republican SEC chairman appointed by Trump.

Former U.S. Secretary of Commerce Raimondo stated that Trump's tariff policy may continue to exist, as politicians are concerned that canceling it would offend workers. Regardless of which party is in power, the political cost of revoking tariffs is too high and is even more sensitive in the context of artificial intelligence. Goldman Sachs President Waldron also mentioned that the future labor environment will be more complex.

BlockBeats news, on November 19, the American monetary system is facing a new round of political turmoil. The confrontation between Trump and the Fed has escalated from a war of words to a substantive power struggle, as he attempts to dismiss Governor Cook and insert economic advisor Milan into the FOMC, aiming to create a "super majority" that supports significant interest rate cuts. Several economists have modeled that if monetary policy falls under political control, the U.S. will first experience a brief prosperity characterized by growth and low unemployment, followed by structural consequences of accelerating inflation, rising nominal interest rates, and slowing economic growth, with the risk of stagflation from the 1970s re-emerging. Analysis also points out that politicians often closely bind interest rate decisions to election cycles; while short-term stimulus can create superficial prosperity, the cost is uncontrollable inflation and subsequent deep adjustments. If Trump successfully reshapes the board before 2026, the independence of the Fed could be eroded, jeopardizing the dollar's reserve status and long-term borrowing.

ChainCatcher news, U.S. Senate Banking Committee Chairman Tim Scott stated that he plans to mark up the crypto market structure bill in December, with the goal of sending it to President Trump for signature in early 2026, to make the U.S. the "crypto assets capital of the world." The bill aims to clarify the crypto regulatory authority of the CFTC and SEC.

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.

BlockBeats news, on November 19, U.S. Congressman and Trump ally Brandon Gill (Republican from Texas) once again significantly increased his position in Bitcoin. According to the latest congressional trading disclosure submitted on November 18, he purchased between $100,000 and $250,000 in BTC on October 20, and at the end of October, he increased his position by $15,000 to $50,000 in the BlackRock Bitcoin Spot ETF IBIT. Gill is one of the most active members of Congress in increasing his BTC position this year, having accumulated up to $2.6 million in Bitcoin since taking office in January, and having purchased up to $150,000 in IBIT. (Decrypt)

BlockBeats news, on November 19, according to Fox News, Musk appeared at the White House to attend a state dinner hosted by President Trump for the Crown Prince of Saudi Arabia. Additionally, soccer star Cristiano Ronaldo also attended the dinner. Trump stated that he introduced football legend C. Ronaldo to his son Barron at the White House tonight, which earned him his son's favor.

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

The U.S. Senate and House of Representatives passed a bill successively, requiring the release of documents related to the Epstein case, which Trump expressed support for. The Democrats and Republicans accused each other of being connected to high-profile figures in the Epstein case, including Trump and Clinton.

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 a report by Golden Finance, a Reuters/Ipsos poll shows that Trump's support rate has fallen to 38%, the lowest level since his return to the White House, due to Americans' dissatisfaction with his handling of the cost of living and the investigation into Epstein. The four-day poll, which concluded on Monday, also shows signs of weakening Trump’s control over the Republican Party. At the beginning of his second term, 47% of Americans approved of him. The nine-point drop since January brings his overall support rate close to the low point of his first term and near the lowest level achieved by his Democratic predecessor, Biden. Biden's support rate had fallen to as low as 35%, while Trump's support rate during his first term had dropped to 33%. Only 26% of Americans say Trump is doing a good job managing the cost of living, down from 29% earlier this month.

Golden Finance reports that the Saudi Crown Prince will increase investments in the United States to $1 trillion. Previously, it was reported that U.S. President Trump stated that Saudi Arabia has agreed to invest $600 billion in the United States, and this number may increase.

Golden Finance reported that U.S. President Trump stated, "I want Powell to step down now, and I think I already know who the new Fed Chair will be."

Golden Finance reported that U.S. President Trump stated on Tuesday that he would only support a healthcare plan that could "directly return funds to the people" and allow them to negotiate for their own insurance. He posted on Truth Social: "The people will be allowed to negotiate and purchase better, higher-quality insurance. Power belongs to the people! Congress, don't waste your time and energy on other matters."

US senators are calling for an investigation into the encryption company World Liberty Financial, linked to the Trump family, accusing it of selling $WLFI Tokens to entities associated with North Korea and Russia, which could pose national security risks. The senators are concerned that this affects regulation and encourages illegal financial activities.

The latest review focus document released by the SEC has removed chapters related to Crypto Assets, aligning with Trump's support for the industry. During Trump's administration, Crypto Assets rapidly developed, with a clear trend towards deregulation. The SEC stated that the focus in the document does not encompass all areas of future attention.