Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
| Bitcoin (BTC) | 86,640.0 | -4.17% |
| Ethereum (ETH) | 2,840.70 | -5.05% |
| Bitcoin Spot ETF | +71.40M | Net Inflow |
| Ethereum Spot ETF | +76.60M | Net Inflow |
| Nasdaq (NAS100) | 25,218.2 | -0.82% |
| S&P 500 (SPX) | 6,849.08 | +0.54% |
| Russell 2000 (RUT) | 2,477.8 | -0.71% |
| U.S. Dollar Index (DXY) | 98.978 | -0.15% |
| VIX Volatility Index | 16.35 | -5.00% |
| U.S. 10-Year Yield | 4.0207 | +0.72% |
| Brent Crude Oil (BRENT) | 64.178 | +0.54% |
| LBMA Gold (XAU) | 4,239.69 | +0.04% |
| LBMA Silver (XAG) | 56.598 | +0.54% |
“Prepared at UTC 07.48 am”
Today’s Key Events
- President Trump is currently signing bills in his stream
- Fed Chair Powell will make remarks at a panel today
- Strategy, which did not make any purchases last week, will be monitored to see if it buys BTC this week
- Fed QT ends today
- Sui and EigenCloud Token Unlocking
Trump Selects Fed Chair Candidate but Postpones Announcement
In an interview, Trump said he had selected a candidate for US Federal Reserve chair but would not disclose the name for now. He said the candidate would be announced soon. This announcement created curiosity and anticipation in the markets.
BOJ Governor Ueda: Aiming to Clarify the Path of Interest Rate Hikes
Kazuo Ueda stated that following the increase in interest rates to 0.75%, they want to make the future path of increases clearer. The Bank of Japan is strengthening its tightening messages. These statements may have an impact on the yen and Japanese bonds.
Fed Rate Cut Probability for December Reaches 87.4%
According to CME FedWatch data, a 25-basis-point rate cut by the Fed in December is almost certain. The market is pricing in a total of 25–50 basis points of cuts through January 2025. The probability of rates remaining unchanged is very low.
Elon Musk: “In the Future, Real Money Will Be Energy”
Musk stated that in the future, people’s material needs will be largely met and the importance of money will diminish. He said that energy will be the currency of the future and that Bitcoin, being energy-based, fits this model. He emphasized that energy cannot be controlled by law.
BlackRock: Bitcoin ETFs Have Become the Company’s Most Profitable Product
BlackRock executive Castro announced that the company’s Bitcoin ETFs have reached nearly $100 billion in assets, becoming the most profitable product group. The IBIT ETF reached $70 billion in just 341 days. It also holds more than 3% of the circulating Bitcoin supply.
CoinShares announced that it has withdrawn its XRP, Solana staking, and Litecoin spot ETF applications submitted to the SEC via Form RW. It also announced that its leveraged BTC futures ETF, BTFX, will be liquidated. The company aims to complete its $1.2 billion SPAC merger within this year.
Ripple Expands Payment License Scope in Singapore
Ripple Markets APAC has received permission to expand the scope of its principal payment institution license from the MAS. This development will enable Ripple to grow its payment infrastructure in the Asia-Pacific region. The company aims to increase corporate adoption in the region.
Grayscale Files S-1 Amendment for Chainlink Spot ETF
Grayscale has filed an S-1 amendment with the SEC to convert the LINK Trust into a spot Chainlink ETF. If approved, it will be the first spot Chainlink ETF in history. The company plans to launch the product this week.
Canary Capital: “Our XRP ETF Outperforms All Other XRP ETFs in the Market”
Canary Capital claims its own XRP ETFs outperform all other XRP ETFs combined. This could increase institutional investor interest. The company’s claim has sparked new discussions about XRP investment strategies.
Google Becomes a Direct Competitor to Nvidia with Its TPU Data Center Solution
Google has begun offering its own developed TPU data center infrastructure to large customers. This move directly challenges Nvidia’s GPU-focused data center business model. The goal is to steer major customers like Meta toward Google hardware.
