Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
|
Bitcoin (BTC) |
103,550.0 | +1.78% |
| Ethereum (ETH) | 3,538.99 | +3.66% |
| Bitcoin Spot ETF | −289.0M | Net Outflow |
| Ethereum Spot ETF | −183.7M | Net Outflow |
| Nasdaq (NAS100) | 25,584.1 | +0.26% |
| S&P 500 (SPX) | 6,850.93 | +0.06% |
| Russell 2000 (RUT) | 2,456.5 | +0.45% |
| U.S. Dollar Index (DXY) | 99.020 | −0.08% |
| VIX Volatility Index (VIX) | 17.51 | +1.33% |
| U.S. 10-Year Treasury Yield (US10Y) | 4.067 | −1.19% |
| Brent Crude Oil (BRENT) | 63.035 | +0.03% |
| LBMA Gold (XAU) | 4,214.69 | +0.47% |
| LBMA Silver (XAG) | 53.861 | +1.33% |
“Prepared at UTC 07.50 am”
Today’s Key Events
- Trump Expected to Attend Presidential Executive Order Signing Ceremony
- Fed Members Bostic, Musalem, Hammack, and Daly to Speak
- Quantum Corporation and Bitfarms Earnings Reports
US Government Shutdown Ends
The House of Representatives passed a procedural vote on the funding bill designed to end the government shutdown by a vote of 213 to 209, clearing a critical hurdle. The bill will now undergo an hour of debate before a final vote. The White House announced that President Trump is ready to sign the bill and that the process will officially end the shutdown. The shutdown had lasted 43 days.
Dissent Continues Among Fed Members
- New York Fed President Williams reiterated that short-term balance sheet expansion could begin soon to ensure sufficient reserves in the banking system, noting that this is a technical liquidity support measure.
- Atlanta Fed President Bostic emphasized that interest rates should remain steady, saying that lowering them early could increase inflationary pressure. Fed Governor Milan argued that policy should not be too tight, noting that inflation data could be misleading.
- Boston Fed President Collins stated that keeping interest rates steady is the best option for stability in an uncertain environment. These differences of opinion show that the Fed’s policy direction is still unclear.
October CPI and Employment Reports May Not Be Released
White House Spokesperson Levitt announced that the October CPI and employment reports may not be released due to the effects of the government shutdown. The Bureau of Labor Statistics has not yet announced a new schedule. The delay in data could increase uncertainty in the Fed’s policy assessments.
Fed Governor Cook Case to be Heard on January 21
The U.S. Supreme Court will hear the case regarding Fed Governor Cook’s dismissal by President Trump on January 21. The hearing will discuss whether the president can dismiss a Fed governor without a legal basis. The decision could set a critical precedent for Fed independence.
Treasury Bond Auction Results
The Treasury completed its $42 billion 10-year bond auction with strong demand. The yield came in slightly below expectations at 4.074%. The bid-to-cover ratio was 2.44, slightly below the average of the last six auctions. Indirect bidders, representing foreign demand, increased to 67%, while the share of direct bidders declined.
Treasury Secretary Bessent’s Statements
Bessent said that a $2,000 tax rebate plan for households with annual incomes below $100,000 is being considered but has not been finalized. He also announced that customs duty reductions on products such as bananas and coffee would be announced soon. Noting that the impact of the shutdown on the economy was limited, Bessent said that reductions in overtime and gratuity taxes would increase household incomes in the first half of 2026.
Hassett: I Will Run for Fed Chair, I Will Make Bigger Interest Rate Cuts
National Economic Council Director Kevin Hassett said he is ready to accept the Fed chair position if nominated by Trump. He emphasized that he would prefer larger interest rate cuts at the December meeting. He also stated that, if appointed, he plans to fundamentally overhaul the Fed’s research structure by hiring top-tier forecasting experts who produce non-linear time series models. Hassett argues that this approach will significantly improve the quality of Fed policy.
SEC Chairman Atkins: “Token Classification” Plan for Crypto
Paul Atkins revealed that the SEC is working on a “token classification” plan to determine which crypto assets qualify as securities. This framework will be based on the long-established Howey test for investment contracts and embraces the idea that tokens may lose their securities status as the network matures. The plan is being designed to be consistent with crypto legislation being debated in Congress. Atkins also instructed his staff to prepare a proposal that would allow tokens with investment contract characteristics to be traded on platforms outside the SEC (e.g., CFTC-registered).
Fed Hawk Bostic Announces Retirement
Raphael Bostic announced his decision to step down from his position at the Fed and retire. This move comes at a critical time, as Trump has ramped up his harsh rhetoric toward the Fed and the internal election process approaches. The decision signals both that the Fed is under political pressure and that another hawkish voice within the institution is stepping down. Markets may interpret this development as a sign that the policy tone could soften over time.
EU Regulators Want to Tighten MiCA Framework
ESMA is considering adopting a more centralized and stringent control approach to crypto regulation within the EU. Issues such as liquidity sharing with non-EU regions and the use of unified order books are on the table. From a regulatory perspective, shared order books could create uncertainty regarding who executes trades, risk management, and transparency. However, they have the potential to offer significant advantages for traders, such as deeper liquidity, easier trading, and more accurate price discovery.
Taiwan to Inventory State-Held Bitcoin Assets
Prime Minister Zhuo Rongtai announced that the total amount of Bitcoin held by local institutions will be inventoried by the end of the year. As part of this effort, a Bitcoin reserve assessment report will be presented alongside Central Bank Governor Yang Jinlong, and BTC will be included in official policy discussions for the first time. Some lawmakers suggested adding crypto assets seized by judicial authorities to the national strategic reserve. Lawmakers, reacting to the slow progress of the VASP law, also demanded the acceleration of virtual asset regulations.
Brazil Plans to Legalize Pre-Trial Sale of Seized Crypto Assets
The Lula administration has introduced a bill that would allow Bitcoin and other crypto assets seized during criminal investigations to be sold before a court ruling. Bill 5582/2025 will treat crypto as a financial instrument, similar to foreign currency, checks, and securities, making it possible to convert it into cash in advance. This aims to reduce value loss due to price volatility. However, disputes over property rights and potential return processes are likely to intensify.
Bitcoin Depot Begins Asian Expansion in Hong Kong
Bitcoin Depot, North America’s largest Bitcoin ATM operator, announced its entry into Hong Kong as its first Asian stop. The company aims to become one of the top five Bitcoin ATM operators in the region and describes Hong Kong as a market with a strong regulatory framework and high demand. There are currently 223 crypto ATMs in the city, and an MSO license is required to operate. Bitcoin Depot stated that it is working with local partners for licensing, AML, and KYC compliance.
FTX/Alameda Unstakes 193,800 SOL and Transfers It to Exchanges
According to data, FTX/Alameda withdrew approximately $30.69 million worth of 193,800 SOL from staking and distributed it to 28 different addresses. Most of these addresses are transferring the tokens to Coinbase or Binance. Since November 2023, the same address has released and transferred a total of 9.367 million SOL in a similar manner. The move points to potential selling pressure or a restructuring process on the SOL side of the market.
Polymarket Forms Exclusive Partnership with Yahoo Finance
Polymarket announced that it is Yahoo Finance’s exclusive prediction market partner. As part of this, Yahoo Finance will launch a new prediction market hub powered entirely by Polymarket’s infrastructure. The platform is expected to launch in the coming months. The partnership is an important step in bringing prediction markets to mainstream finance users.
Metaplanet Reports Strong Growth in Third Quarter
Japanese Bitcoin treasury company Metaplanet’s sales reached 2.401 billion yen in the third quarter, a 94% increase on a quarterly basis. Operating profit rose 64% to 1.339 billion yen. Net profit was 12.7 billion yen, while net assets rose to 532.9 billion yen, a 165% increase from the previous quarter. These results show that the company’s Bitcoin strategy and business model are gaining strength despite market conditions.
Vitalik Buterin Signs the “Declaration of De-Centralization”
Ethereum co-founder Vitalik Buterin has signed the “Declaration of De-Centralization,” which calls on developers to reduce their dependence on intermediaries. The declaration emphasizes the importance of decentralized architecture, stating, “De-trust is fundamental; everything else is built upon it.” This stance carries particular significance at a time when L2 solutions, custody services, and infrastructure providers pose centralization risks. Buterin’s support could help the declaration gain broader resonance within the ecosystem.
WLFI and AB Public Chain Integrate USD1 Stablecoin
World Liberty Financial announced the official deployment of the USD1 stablecoin on the AB Public Chain. Running on a high-performance network, USD1 aims to offer users a faster and more convenient stablecoin experience on-chain. Features such as zero transaction fees and transfers within seconds for USD1 usage via the AB Wallet stand out. Plans are also in place to offer value-added financial services such as interest/income products with USD1 in the future.
Canary XRP ETF Receives Listing Approval on Nasdaq
According to journalist Eleanor Terrett, the Canary XRP ETF has completed the listing certification process on Nasdaq. The ETF, coded XRPC, will begin trading tomorrow at the market open. This product offers a new channel for investors seeking access to XRP through a regulated ETF structure. This development could strengthen XRP’s legitimacy among institutional investors.
Aave Launches High Incentives for the Aptos Market
Aave announced the launch of a new incentive program for its lending market on the Aptos chain. The incentives aim to reward early adopters and expand Aave’s influence within the Aptos DeFi ecosystem. Currently, USDC and USDT deposit APRs on Aptos have risen above 11% following the incentives. These rates could play a significant role in attracting liquidity to the Aave market on Aptos.
ARK ETFs, managed by Cathie Wood, added approximately $34.73 million worth of positions by purchasing 353,328 CRCL shares. The acquired shares were distributed among the ARKK, ARKW, and ARKF funds. On the same day, 70,474 Tesla shares were sold, reducing the position by approximately $30.98 million. This move indicates that ARK is shifting its weight slightly from traditional growth stocks to crypto-focused financial structures.
Sui Ecosystem Perp DEX Astros Stands Out with Rapid Growth and Ores Incentives
Astros, a perpetual DEX operating on the Sui ecosystem, entered Soft Launch Phase 2 at the end of October. It made a strong start, exceeding a cumulative trading volume of $100 million in just one week. The Sui Foundation co-founder personally testing and sharing the platform increased community interest. At the same time, the Astros Ores Daily Lucky Draw event was launched, aiming to allow users to access ecosystem benefits by winning random Ores airdrops based on their trading volume. Astros Ores, with its limited supply, will serve as the main gateway to future ecosystem rights and new airdrops.
