Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
| Bitcoin (BTC) | 87,144.0 | +0.81% |
| Ethereum (ETH) | 2,804.70 | +0.23% |
| Bitcoin Spot ETF | +74.85M | Net Inflow |
| Ethereum Spot ETF | -105.70M | Net Outflow |
| Nasdaq (NAS100) | 25,312.0 | -0.15% |
| S&P 500 (SPX) | 6,812.62 | -0.53% |
| Russell 2000 (RUT) | 2,474.3 | -0.03% |
| U.S. Dollar Index (DXY) | 99.049 | +0.01% |
| VIX Volatility Index | 17.24 | +5.44% |
| U.S. 10-Year Yield | 4.0950 | +1.85% |
| Brent Crude Oil (BRENT) | 63.819 | -0.10% |
| LBMA Gold (XAU) | 4,212.91 | -0.44% |
| LBMA Silver (XAG) | 57.178 | -1.24% |
“Prepared at UTC 07.50 am”
Today’s Key Events
- Trump to Hold Cabinet Meeting and Make Announcement
- U.S. SEC Chairman Atkins to Speak
- U.S. JOLTS Job Openings (August)
- Fed Governor Bowman’s Testimony Before House Committee
- Marvell Technology Group Earnings Report
- NVIDIA to Participate in UBS Global Technology and Artificial Intelligence Conference
- Grayscale Chainlink Spot ETF Expected to Begin Trading
- Ethena (ENA) 40.63MM Unlock
BOJ Governor Ueda Signals Possible Interest Rate Hike in December
BOJ Governor Kazuo Ueda indicated that the possibility of an interest rate hike at the meeting to be announced on December 19 is on the table. Ueda stated that the pros and cons of raising the policy rate will be weighed after a comprehensive assessment of economic and financial conditions. Emphasizing that real interest rates are still negative, he said that a possible increase would only reduce the degree of looseness.
US and China Manufacturing Data Show Mixed Picture
In the US, the November ISM Manufacturing PMI fell from 48.7 to 48.2, falling short of the 49 expectation. The final Markit Manufacturing PMI value was 52.2, exceeding the preliminary estimate but weaker than the previous month. In China, the official Manufacturing PMI rose to 49.2, while the Non-Manufacturing PMI fell to 49.5, signaling a loss of momentum in the service sector.
Trump: New Fed Chair Selected, Announcement Coming Soon
Donald Trump said he has selected the next Fed chair but has not yet announced the name. The prevailing expectation in the markets is that the nominee will be Kevin Hassett. Trump said he would announce the decision “soon,” increasing uncertainty about the direction of monetary policy.
Japan Establishes Productivity Department
The Japanese government has established a “Government Efficiency Department” (DOGE) to increase budget efficiency and reduce unnecessary spending. The new unit will collect cost reduction and efficiency proposals from the public until the end of the year. While Finance Minister Katayama emphasized that funds will be directed to real needs, rising long-term bond yields are fueling discussions on fiscal discipline.
Japan Plans to Reduce Crypto Tax from 55% to 20%
The Japanese government aims to reduce the tax on crypto gains to 20%, aligning it with financial products like stocks. The reform proposal, prepared by the FSA, will be submitted to parliament in early 2026. The tax cut is expected to enhance Japan’s competitiveness in the crypto sector.
Elon Musk: My Favorite AI Stocks Are Nvidia and Alphabet
Musk highlighted the two stocks, stating that artificial intelligence and robotic manufacturing will become dominant forces in economies. He described Nvidia as an “obvious” choice, while noting that Alphabet is poised to create significant value with its Gemini 3 and chip investments. The comments came at a time of high market interest in the AI sector.
Investment Frenzy Grows in the US Military
According to the WSJ, a culture of intense investment in tech stocks and cryptocurrencies has emerged within the U.S. military. While soldiers’ use of high-leverage strategies increases certain financial risks, soldier influencers offering get-rich-quick advice on social media are drawing attention. Examples of those seeking quick gains with Dogecoin and meme stocks show that significant losses can occur during market corrections.
Strong Demand for Japan’s 10-Year Bond Auction
Amid expectations that the BOJ will raise interest rates, the 10-year bond auction saw higher-than-expected demand. The bid-to-cover ratio of 3.59 exceeded both last month’s and the annual average. Rising yields continue to attract investor interest.
Grayscale: Bitcoin Could Break the Cycle and Reach a New Peak in 2026
Grayscale Research rejected the traditional four-year cycle theory, predicting that Bitcoin will set a new ATH in 2026. The organization stated that pricing in this cycle is driven by institutional capital rather than retail. Potential Fed interest rate cuts and progress in US crypto legislation were also cited as supporting factors changing the cycle structure.
Solana Foundation President Criticizes New York Times for Bias
Solana Foundation President Lily Liu argued that the NYT’s coverage of innovation and artificial intelligence carries ideological bias. Liu emphasized that it is wrong to portray technological progress as “predatory” and “oppressive” and that artificial intelligence is of strategic importance for capital markets. The statement came amid growing political debates surrounding technology discourse in the US.
Nansen: No Fundamentals Breakdown for $HYPE, Strong Capital Inflow Despite FUD
According to Nansen data, Hyperliquid – $HYPE maintained a trading volume of $50–170 million even during the recent FUD period, demonstrating strong demand. Big Brain Holdings’ $3.4 million purchase and $25 million inflow into new wallets indicate sustained investor appetite. The platform’s generation of real revenue supports the solidity of its fundamentals.
Opinion Prediction Market Surpasses $5 Billion Trading Volume
According to DefiLlama and Dune data, Opinion surpassed $5 billion in trading volume just one month after its public launch. With open positions exceeding $60 million, it has secured second place in the on-chain prediction market. Compared to competitors like Polymarket, Limitless, and Myriad, its growth appears to be quite rapid.
Ankr Labs Becomes Official Infrastructure Partner of Monad Mainnet
With the launch of the Monad mainnet, Ankr Labs announced it is one of the platform’s core infrastructure partners. Ankr’s RPC endpoints, enterprise API services, and new archive node support will provide developers with a low-cost, high-performance environment. The partnership aims to strengthen application development capabilities within the Monad ecosystem.
Franklin Crypto Index ETF Adds 6 Tokens Including SOL and ADA to Its Portfolio
Franklin Templeton announced that its Crypto Index ETF now includes ADA, LINK, DOGE, SOL, XLM, and XRP. Previously weighted only toward BTC and ETH, this expansion provides more diverse market representation. The change facilitates access to a broader altcoin basket for institutional investors.
Swedish Central Bank: Stablecoin Market Reaches $272 Billion
A Riksbank report revealed that the stablecoin market has grown from $4 billion in 2020 to $272 billion in October 2025. The fact that 99% of the market is dollar-indexed indicates that global crypto dollarization is deepening. The use case for stablecoins is expanding beyond being a trading utility to include DeFi and cross-border payments.
Aster Launches Phase 4 of Token Buyback Early
The project team activated the fourth phase of the $ASTER buyback eight days ahead of schedule due to market volatility. The buyback is being executed via the 0x573c…6fF4 address. The move is said to be aimed at strengthening liquidity and price stability to support token holders.
Uniswap Trading Volume Surpasses $4 Trillion
Uniswap Labs announced that the protocol has reached a total trading volume of $4 trillion in 2,586 days. Hayden Adams said the platform is reaching each trillion-dollar milestone faster and faster, with the last trillion achieved in just 6 months. This growth shows the rapidly increasing demand for DeFi liquidity protocols.
Black Friday Online Spending Breaks Records
Adobe Analytics reported that Black Friday online sales hit a record high of $11.8 billion, up 9.1% year-over-year. Mastercard data also showed e-commerce sales increased by 10.4%. However, in-store traffic remained weak as consumers continued to act cautiously due to inflation and economic uncertainty.
