Crypto Circle Daily Update November 26

Every morning at 8 AM, learn about the cryptocurrency world!

#Blockchain Daily

First, let's focus on the macro aspect:

-The Federal Reserve Governor Milan stated that the current monetary policy has significantly hindered the economy, requiring a substantial interest rate cut and quickly bringing rates down to neutral levels, hoping that the upcoming employment data can help the board reach a consensus.

-The U.S. core PPI annual rate in September dropped to 2.6%, slightly below expectations, indicating that inflation continues to gradually decline.

-The UAE has officially included DeFi and Web3 projects under regulation, with new laws requiring all platforms providing payment, lending, custody, and other services to obtain central bank permission.

Next, let's look at market hotspots:

-Yesterday, the U.S. Bitcoin spot ETF saw a net outflow of $151 million, while the Ethereum spot ETF had a net inflow of $96.6 million. The market fear and greed index is at 15, indicating extreme fear.

-MetaPlanet has secured new loans of $130 million backed by its held Bitcoin, aimed at continuing to purchase BTC.

Finally, let's check the industry dynamics:

-VanEck plans to launch a spot BNB ETF (code: VBNB) on Nasdaq.

-Binance Wallet has adjusted its fee rules, with 0% fees for stablecoin and major native token trades, while other tokens are at 0.5%.

-Galaxy Digital is in talks with Polymarket and Kalshi to become a market maker for prediction markets.

Today's summary:

Today's market sentiment improved with rising expectations of a Federal Reserve interest rate cut in December, with hopes for a rebound in the next two weeks.

I am host Mark, this is 'Crypto Circle Daily Update,' see you tomorrow!