Tether is rapidly increasing its gold reserves, currently reaching 12.9 billion USD, with a growth rate exceeding that of most Central Banks, while acquiring mining rights to gold mines to build a complete industrial chain. Analysts believe that Tether's strategy aims to hedge against the fluctuation of the dollar through gold, thereby enhancing the credibility of USDT.

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 Financial reports that Mizuho Securities maintains a "underperform" rating on Circle stock, with analysts lowering the fundamental target price from $84 to $70. Circle's stock (ticker symbol CRCL) traded around $82 on Friday, down nearly 40% over the past month. Mizuho Securities analysts stated in a research report: "We believe the company's valuation fails to adequately reflect the major risks facing its mid-term earnings." The analysts also pointed out that potential risks include "upcoming interest rate cuts and relatively stagnant economic growth." High (and rising) circulation costs, as well as increasingly fierce competition among stablecoins.

Golden Finance reports that due to the sluggish market, on November 14, the Crypto Fear and Greed Index fell to 16, entering the extreme fear zone. André Dragosch, Head of European Research at Bitwise, posted on X stating that when the Crypto Fear and Greed Index is below 20, Bitcoin's subsequent average performance is: 1 day +0.9%; 2 days +1.8%; 5 days +4.1%; 1 week +5.2%; 2 weeks +9.3%; 1 month +19.9%; 2 months +44.2%; 3 months +62.4%; 6 months +48.5%. He noted that many analysts believe the Crypto Assets Fear and Greed Index is just noise, but in fact, this index has historically continued to signal excess returns.

Bitcoin broke below $100,000 amidst deteriorating macro sentiment, falling to a low of $98,000 and re-entering a Bear Market. The adjustment was triggered by weakened expectations of Fed interest rate cuts and a dumping of tech stocks. Analysts believe that if it falls below $80,000-$85,000, the risk of further decline increases, and it is advised to flexibly allocate across multiple markets using USDT.

BlockBeats news, on November 14, Liquid Capital (formerly LD Capital) founder Yi Lihua stated: "Due to the decrease in the expectation of interest rate cuts in December, the US stock market and cryptocurrency experienced a big dump, but I still firmly believe that the best buy the dip opportunity is between $3000 and $3300. We are consistent in our actions and words. Previously, Ethereum fell to $2700 due to a black swan event, but we still insisted on maintaining our borrowing leverage. However, the psychological pressure was immense, causing insomnia every day, which led us to unload leverage early when Ethereum was above $3000. This time, we are buying the dip in the spot market without leverage, adhering to the strategy of increasing the position when there is a pullback, and patiently waiting."

After Bitcoin fell to $98,000, MSTR's stock price dropped another 6.6%, with a year-to-date decline of 30%, returning to the level before Trump was elected last year. Despite the company holding $63.2 billion worth of Bitcoin, its enterprise value is trading at a nearly 20% premium, analysts believe the common stock price is higher than the actual value of the Bitcoin holdings.

Golden Finance reports that Fed's Mousalem reiterated on Thursday that he believes the current monetary policy is closer to neutral rather than slightly tightening. This means that there is limited room for further easing of the monetary policy without becoming overly loose. Mousalem stated, "Looking ahead, we need to proceed with caution." He pointed out that the inflation rate is too high, reaching 3%. He added, "I believe we need to continue to apply pressure on inflation that is above the target while providing some support for the labor market."

Odaily星球日报讯 Greeks.live 宏观研究员 Adam 发布中文社区简报，其中指出：群组对市场方向存在明显分歧，部分交易者担忧币圈进入熊市，有社区成员认为 9.6-9.8 万美元或是今年比特币的底部，山寨币底部抬高释放积极信号。关键分歧在于当前位置是顶部还是底部，有交易者指出“下去就是熊”，但各种信号显示“很难相信目前就是市场顶部”。

Odaily Planet Daily reports that J.P. Morgan analysts currently rate COIN, MARA, and RIOT stocks as Overweight, meaning they believe these stocks will outperform the market. The relevant ratings are as follows: COIN – Overweight Current Price: $305.84, Target Price: $399; MARA – Overweight Current Price: $14.68, Target Price: $20; RIOT – Overweight Current Price: $16.05, Target Price: $19.

Jin10 Data, November 12th: Japanese Finance Minister Shōzō Katayama stated on Wednesday that recent attention has been drawn to the unilateral and rapid fluctuations in the exchange rate. Authorities are closely monitoring currency movements with a high sense of urgency. Although the yen's weakness has somewhat contributed to cost-push inflation, she does not deny that the depreciation of the yen does more harm than good. Justin Low, an analyst at InvestingLive, commented that Katayama's remarks could be seen as some verbal interventions aimed at trying to appreciate the yen. The USD/JPY exchange rate fell from a high of around 154.75 in the early trading session to approximately 154.53 but still maintains a supportive stance. Analysts believe that, as always, such verbal interventions often serve more as "speed bumps" rather than substantive obstacles.

As the US government shutdown is expected to be resolved, market sentiment improves, and the cost of euro credit default protection decreases. Analysts believe that upcoming data releases could support the Federal Reserve's rate cuts, boosting demand for risk assets. Related credit default swap indices have declined.

Jin10 Data, November 10th — BlueBay Asset Management's Chief Investment Officer Mark Dowding pointed out in a research report that the structural demand for bond duration has weakened globally, which could lead to persistent high term premiums. He stated that fixed income investors are currently more focused on obtaining substantial returns through spreads in areas such as credit bonds. "Therefore, we believe that the term premium will remain high, which will incentivize and attract investors to extend their duration risk exposure." The term premium refers to the additional yield investors require to hold long-term bonds compared to short-term bonds.

Jin10 Data, November 9th: Analysts say that technology giants are extremely concentrated in benchmark markets in the Asia-Pacific region. The top five stocks in the Nikkei 225 index account for about 38% of the total weight. "If there are any issues with the AI or semiconductor boom, the Nikkei index will plunge immediately," said Takehiko Masuzawa, Head of Stock Trading at Phillip Securities Japan. "I do believe we will continue to see more corrections and increased volatility."

Golden Ten Data, November 6 — According to informed sources, SoftBank Group considered acquiring U.S. chip manufacturer Marvell earlier this year. If the deal had gone through, it would have been the largest semiconductor industry merger and acquisition in history. Reports indicate that SoftBank founder Masayoshi Son has viewed Marvell as a potential target for years, as part of its strategic focus on artificial intelligence hardware. Several months ago, SoftBank engaged in discussions with Marvell, but the two sides could not reach an agreement on the terms. Sources say that SoftBank originally planned to merge Marvell with Arm, the chip design company controlled by SoftBank. Although there are no current substantial negotiations underway, some believe SoftBank may revisit its interest in the future. Marvell's stock has fallen 16% this year, with a market value of approximately $80 billion. In contrast, Nvidia, Broadcom, and Arm have all seen significant stock price increases this year, with Arm's current valuation around $170 billion.

BlockBeats News: On November 6th, Ripple CEO Brad Garlinghouse addressed the growing partisan divide in cryptocurrency during the Swell 2025 conference. He stated, "I believe many Democratic leaders realize that technology shouldn't have a partisan bias. Regulation should focus on outcomes, not the technology itself. Politicization is a cliff."

Jin10 data, November 5th – Monex Europe analysts stated in a report that the euro has rebounded against the dollar, but due to fluctuations in global risk sentiment, the rise may still be limited and short-lived. They pointed out that the risk aversion sentiment following the stock market sell-off and concerns over the ongoing U.S. government shutdown drove the earlier rise of the dollar. In addition, the divergence among Fed officials on interest rate issues has also suppressed short-term rate cut expectations. Given that the European Central Bank advocated for keeping interest rates unchanged last week, analysts believe the euro will fluctuate between 1.14 and 1.16.

Jin10 data reported on November 5th, this week, the Reserve Bank of Australia decided to keep the Benchmark Interest Rate unchanged and predicted that inflation risks will persist until next year. Some economists are beginning to believe that the easing cycle that started in February may have ended. JP Morgan economist Tom Kennedy stated that the number of sub-items with still high inflation levels is concerning, posing the first substantial challenge to the "inflation slowdown" narrative that the Reserve Bank of Australia has adhered to over the past few quarters. He added that the easing cycle is likely coming to an end, and the cash rate may remain at 3.6%.

BlockBeats news, on November 5th, Chinese encryption analyst Banmuxia stated, "Regarding Bitcoin, many people still underestimate the complexity of the upcoming market situation. I believe that this small Bear Market will most likely end around 84,000 USD, but that doesn't mean it will continuously decline smoothly to 84,000 USD; this time it will likely be a complex horizontal adjustment. Currently, it seems that there may be a slight decline to around 94,500 USD, and then it will probably enter an exceptionally complex oscillation market, with a rebound potentially reaching above 116,000 USD, before slowly falling back to the 84,000 USD and below 6-8% range."

Odaily News Timefun announced that it will gradually shut down its existing creator Token platform, and the platform will only retain fund withdrawal and asset transfer functions in the future to complete the transition to a new product form. Timefun founder Kawz stated that the new application will completely abandon the creator Token model and instead build a next-generation social platform based on encryption technology. He pointed out that although the team still sees long-term potential in creator Tokens, the current market user activity and transaction demand are obviously insufficient, making it difficult for the model to support the sustainable development of the product. Kawz further stated that the new social platform will be designed around "on-chain identification and social incentives," aiming to allow users to naturally generate on-chain assets and credit systems during social interactions, rather than relying on speculation-driven token issuance. "We believe that social is the long-term mainline of encryption, and Timefun's new chapter will focus on building real relationships and

According to ChainCatcher news, The Block reported that Julio Moreno, research director at the on-chain analysis company CryptoQuant, stated that if Bitcoin fails to hold the $100,000 support level, the price could fall to $72,000 within 1-2 months. Currently, Bitcoin has dropped below $100,000, trading at approximately $100,800, with a decline of over 5.2% in the past 24 hours. Since the largest liquidation event in crypto history occurred on October 10 (over $20 billion in leveraged positions were liquidated), market demand has continued to shrink, U.S. ETF fund flows are negative, and overall market sentiment has turned bearish. Despite short-term pressure, analysts believe that the long-term trends of ETF inflows and institutional adoption remain strong.

Jin10 reported on November 4, local time on the evening of November 3, former U.S. Vice President Dick Cheney passed away at the age of 84. Cheney's family stated in a statement that he died from complications of pneumonia and cardiovascular disease. Cheney served as Vice President during the administration of former President George W. Bush from 2001 to 2009. External observers believe that Cheney played an important role in the decisions to launch the Iraq War and the Afghanistan War.

Odaily News The Fed's Goolsbee stated that I believe the final stable level of interest rates will be significantly lower than the current level, and a "soft landing" for the economy is still possible. (Jin10)

Odaily News Last week, the market capitalization of ZEC surpassed XMR for the first time. Analysts believe this indicates a shift in the Privacy Coin market landscape. A key distinction between Zcash and Monero is its optional privacy mode. Users can choose between transparent transactions and shielded transactions, while Monero does not offer this capability. Zcash provides flexibility and can activate the optional privacy feature when needed, allowing institutions to maintain compliance and reporting space, making ZEC an asset acceptable to regulators. (CoinDesk)

PANews, November 1, according to MarcoMicro data, the current production cost of Bitcoin has reached $112,084. Historical data also shows that the production cost of Bitcoin peaked at $115,098.12 on October 9. Analysts believe that the recent rise in Bitcoin production costs indicates that most Bitcoin mining companies will face challenges in sales and administrative expenses, and will need to drop costs to maintain profitability.

The market performance of Bitcoin during the Halving period is significantly different from the past, with the current volatility below 2%, reaching a historic low. Analysts believe that this phenomenon marks the collapse of the rule of thumb, suggesting that a steady bull run may continue.

The NEAR protocol launched a network upgrade on October 30, reducing the annual token inflation rate from 5% to about 2.4%, with an expected decrease of nearly 60 million newly minted tokens each year. However, the related community governance vote did not meet the required standards, and it was forcibly included in the upgrade by the core team, leading to criticism from validators who believe this move jeopardizes the integrity of the protocol's governance.

The Imperial Database of Japan released a survey indicating that in November, 143 types of food will rise in price. This number is lower than the same period last year and is the minimum record for the number of price increases in a single month in 2025. Analysts believe that after the price surge in October, the momentum for price increases has entered a temporary pause period. It is expected that in 2026, over 500 types of food will rise in price, and the trend of price increases may slow down.

Jin10 data reported on October 30th, with the support of the dollar's pullback and the Fed's interest rate cuts, gold prices rebounded on Thursday. Capital.com analyst Kyle Rodda stated, "Aside from the technical rebound, there are no other catalysts driving gold higher. There are many unfavorable factors for gold this week. Trade agreements have weakened the bullish impacts of trade and geopolitical issues, and the Fed's hawkish interest rate cuts and the reduced likelihood of another cut in December are also unfavorable for gold. I believe that under this situation, gold may continue to pull back. However, in the long run, the trend for gold is upward."

PANews, October 30 news, according to Cointelegraph, in the trial of the MEV Bots case involving an amount of 25 million USD, U.S. prosecutors rebutted arguments concerning monetary policy, claiming that digital asset policy should be established by Congress rather than adjudicated by the courts. This could set a precedent for cryptocurrency-related cases.

Analysts believe that Japan's Prime Minister Fumio Kishida's tenure may continue the loose monetary policy, but economic indicators suggest a need for a hawkish stance. Bank of Japan Governor Kazuo Ueda remains cautious, expecting the central bank's meeting to keep interest rates unchanged while following the inflation pressure brought by the depreciation of the yen.

Gate News bot message, BELIEVE has been launched on Alpha.

Nvidia has become the first company with a market capitalization exceeding $5 trillion, consolidating its dominant position in the global AI sector. Although tech giants are striving for alternatives, analysts believe this will not fundamentally change Nvidia's advantage. However, investor confidence in AI investments also faces the risk of overvaluation.

Wall Street brokerage Benchmark has raised the target stock price of Bitcoin mining company Hut 8 from $36 to $78, maintaining a "buy" rating. Hut 8 has transformed into an energy infrastructure company, focusing on the AI and high-performance computing markets, holding Bitcoin and shares in the US Bitcoin company. Analysts believe its Intrinsic Value is still higher than its market capitalization.

According to a report by Jinse Finance, the latest data from Vetle Lunde, research director at K33 Research, shows that the Bitcoin ETF has risen by $26.9 billion year-to-date. However, $28.1 billion of that comes from BlackRock's IBIT product. This means that excluding IBIT, the overall fund flow for Bitcoin ETFs is actually negative. It is worth noting that BlackRock will be absent from the upcoming altcoin ETF market wave. Analysts believe that this situation provides other competitors with the opportunity to secure strong capital flows, but it may also limit the overall capital scale of the altcoin ETF market.

PANews, October 28 news, according to Bitcoin Magazine, BlackRock CEO Larry Fink stated that if one believes that countries will continue to "debase their currency," individuals will choose to hold crypto.

On October 28, Jin10 reported that US President Trump praised the US-Japan alliance during a meeting with Japan's new Prime Minister Suga Yoshihide in Tokyo, reaffirming the ties with this long-time partner and commending Suga's plans to increase defense spending. Trump stated, "I want you to know that whenever you have any questions, any concerns, any needs, or anything you need help with, as long as it's something I can do for Japan, we will do our utmost. We are the highest level of allies." Trump also expressed optimism that both sides have overcome trade disputes. He said, "I believe we will engage in tremendous trade together, more than ever before." He added that he hopes the US-Japan relationship will be "stronger than ever before." According to the latest reports, Trump and Suga have signed the implementation protocol for a new golden era of the US-Japan alliance and a framework for securing critical minerals and rare earth supplies.

Morgan Stanley strategists believe that due to the Fed's interest rate cuts being larger than those of the European Central Bank, the dollar may weaken over the next year. Factors such as the slowing growth of the U.S. economy and policy uncertainty will put pressure on the dollar, while alleviated concerns about fiscal sustainability in other regions may provide some support.

Jin10 data reported on October 27 that Ebury strategist Matthew Ryan stated that the Bank of England is unlikely to cut interest rates again before the end of the year, which should provide some support for the British pound. The UK's inflation rate remained at 3.8% in September, while the market had previously expected it to rise. This result has reignited market speculation that the Bank of England may cut interest rates in December, but Ebury does not believe this will happen. Ryan pointed out that the inflation level is still closer to 4% rather than 3%, nearly double the Bank of England's 2% target, and there is currently no conclusive evidence that price pressures have peaked. Unless there is a significant deterioration in economic activity data, the Bank of England will maintain interest rates, which should be slightly favourable for the British pound.

Odaily Planet Daily news Hong Kong licensed virtual asset exchange EXIO's parent company EXIO Group co-founder and CEO Wu Chen revealed that they are launching tokenized products backed by commodities such as gold. However, analysts believe that the current RWA tokenization in Hong Kong is still in its early development stage and may face issues such as the lack of a secondary market. Issuers still need to carefully consider factors such as potential liquidity and ROI (return on investment) after assets are put on the blockchain. (Ming Pao)

The European Central Bank's survey shows that businesses in the Eurozone remain optimistic about future business prospects but are concerned about rising inflation. Businesses expect an average inflation rate of 2.5% for the coming year, while the expectations for three and five years are 3.0%. Most businesses believe that the inflation risk is skewed to the upside.

Jin10 data reported on October 27th that U.S. Secretary of State Rubio stated on Monday that the airstrikes launched by the Israeli army in the Gaza Strip last Saturday did not violate the U.S.-mediated ceasefire protocol. Rubio said, "Israel has not given up its right to self-defense." Rubio had just visited a new command center established in southern Israel under U.S. leadership, which aims to assist in the implementation of the peace protocol. He emphasized, "The ceasefire protocol is based on mutual obligations of both parties." Rubio stated, "We do not believe this violates the ceasefire protocol. If Israel faces an imminent threat, they have that right, and all mediators agree on this point."

Jin10 Data October 26 News, during a program broadcast on the 26th local time, Russian President's Press Secretary Peskov responded again to U.S. President Trump's statement on the 22nd that meeting with Russian President Putin is "inappropriate," as well as the U.S. sanctions announced on the same day. Peskov stated that the presidents of Russia and the U.S. cannot meet just for the sake of meeting. Peskov mentioned that Ukraine currently does not want to proceed with the negotiation process, and Europe is also fostering this resistance, therefore, there are currently no preconditions for a further meeting between the Russian and U.S. presidents. Peskov said, "Trump certainly understands that there is currently no basis to believe that any progress can be made in peaceful mediation in the near future."

After the release of the CPI data in the United States, Bitcoin prices rose. Analysts believe this reduces policy uncertainty and paves the way for the Fed to extend the easing cycle. However, experts warn that the market is fragile and there is a risk of significant Fluctuation, so caution is advised.

Gate News bot message, according to the announcement from Gate platform: Gate will delist the leveraged tokens related to LAUNCHCOIN. The platform will delist the two leveraged tokens, LAUNCHCOIN3L and LAUNCHCOIN3S, on October 25, 2025, at 15:00 ( UTC+8. After delisting, the platform will repurchase at the net value of the token at the time of trading cessation, and will automatically exchange the leveraged tokens held by users for USDT. The exchange proceeds will be credited to the users' accounts within 7 working days. The delisting is in conjunction with the token migration for the Launch coin on Believe )LAUNCHCOIN( project, which will exchange LAUNCHCOIN for the new token Believe )BELIEVE( at a 1:1 ratio.

The market's attention to the CPI data for October is unprecedented, and analysts believe that the impact of tariffs on inflation is relatively controllable. Core goods inflation is expected to rise slightly, while the slowdown in service inflation may offset its impact, supporting the Fed in cutting interest rates in October and December.

Jin10 data reported on October 24, analysts at Kenanga stated in a report that the Malaysian Ringgit is likely to hover around 4.20 against the US Dollar in the near term. They believe that the Ringgit has room to rise next week due to expectations that the Fed will cut rates by 25 basis points. They mentioned that potential rate hikes by the Bank of Japan may also put pressure on the Dollar. The ongoing US government shutdown has increased volatility, casting a shadow over the economic outlook, especially regarding labor trends. Kenanga expects the USD/Ringgit to face resistance at 4.23 and support at 4.22 in the short term.

On October 23, Jin10 reported that Citigroup analyst Francesco Martoccia pointed out that the rise in oil prices triggered by the escalation of U.S. sanctions against Russia provides a hedging window for producers to lock in profits before the concerns of oversupply and the government’s price suppression policies ahead of the mid-term elections in 2026 come into play. Although recent contract surges have been the most rapid, the WTI futures price for 2026 has already returned above $60 per barrel. However, this window may be fleeting, as Martoccia stated, "We believe the geopolitical premium is destined to fade, as enforcement loopholes may widen, and the shadow fleet along with the intermediary supply chain gradually adapt, especially as the loosening fundamentals become increasingly evident in the data."

J.P. Morgan analysts expect the average gold price to reach $5,055 per ounce by 2026, based on stable investor demand and central bank purchases of gold. Analysts believe that the Fed's interest rate cut cycle and other economic concerns will continue to drive gold prices up, and reaffirmed a long-term target of $6,000 per ounce.