ChainCatcher news, the rise of the "Trump trade" in November has become a dominant factor driving global market trends. According to 4E monitoring, last week all three major U.S. stock indices rose, with weekly gains exceeding 1%. In November, the Dow Jones increased by 7.5% and the S&P rose by 5.7%, both marking the largest single-month gains of the year, while the Nasdaq accumulated over 6%. Large tech stocks saw widespread gains, with Tesla rising over 38% in November, achieving its best performance in nearly two years, and Nvidia accumulating a 179.23% increase this year. So far this year, the S&P 500 index has risen over 27%, compared to a 24% increase last year, leading to differing views on the outlook for U.S. stocks.The cryptocurrency market performed impressively in November, attracting widespread global attention. Bitcoin's monthly increase exceeded 37%, while Ethereum's rise reached 54%. Altcoins experienced significant gains at the end of the month, with market share continuously expanding; Bitcoin's market share has dropped by 8.15% from the peak of this bull market (61.78% on November 21), while the total market capitalization of altcoins rose nearly 70% in November. Historical data shows that Bitcoin has a significant average increase in December during the second half of the year, combined with the fact that most of Trump's cabinet are cryptocurrency investors, leading to strong bullish sentiment in the market.In the foreign exchange market, the dollar fell by 1.67% last week, ending an eight-week streak of gains, with a cumulative increase of 1.72% in November. The "Trump trade" boosted the dollar in November, hindering gold's upward momentum and triggering a sell-off after the election; spot gold fell about 3.7% in November, marking the largest monthly decline since September of last year. Oil prices continued to decline last week, with a weekly drop of over 3%.In recent weeks, investors have focused on Trump's various economic policies, but at the same time, the expectations for interest rate cuts by the Federal Reserve have also become quite nuanced. While the market expects an increased probability of a rate cut in December, the space for cuts in 2025 is continuously decreasing. The "near increase, far decrease" phenomenon largely reflects anxiety about the resurgence of inflation under a future Trump administration. This Thursday's speech by Powell and Friday's non-farm payroll data will largely set the tone for year-end rate cuts.eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, precious metals, and foreign exchange. Recently, it launched a USDT stablecoin wealth management product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

ChainCatcher news, according to Watcher.Guru, asset management giant Macquarie, with an asset management scale of 870 billion dollars, stated that Bitcoin mining can support the local power grid.

ChainCatcher news, according to Decrypt, the Bernese Cantonal Parliament in Switzerland passed a proposal with 85 votes in favor and 46 against, which will explore the use of Bitcoin mining to absorb surplus electricity and stabilize the grid. The proposal was introduced by a bipartisan Bitcoin parliamentary group on March 14, 2024, and was approved despite government opposition. The proposal requires the government to submit reports on three key aspects: identifying unused energy areas in Bern, assessing the feasibility of collaborating with Swiss mining companies for Bitcoin mining, and analyzing its potential to stabilize the grid during fluctuations in power supply.

ChainCatcher news, according to Bitcoin.com News, renowned economist and gold supporter Peter Schiff posted on social platform X, criticizing the Trump administration's support for Bitcoin policies. Schiff stated, "When the government picks winners and losers, it usually picks losers. Since the Trump administration chose Bitcoin, Wall Street is misallocating capital massively into Bitcoin and related value-destroying enterprises."In response to Senator Lummis's suggestion that the Federal Reserve sell gold reserves to buy Bitcoin, Schiff warned, "If the U.S. makes the grave mistake of selling gold to buy Bitcoin, you should buy gold, and if you hold Bitcoin, sell it to the U.S. government." He also criticized MicroStrategy Executive Chairman Michael Saylor's Bitcoin investment strategy as a "Ponzi scheme," claiming that if forced to sell Bitcoin, the company could collapse.

ChainCatcher news, the on-chain AI infrastructure Autonomys Network announced on X that the first phase of the mainnet has successfully launched and will gradually transition to the second phase.It is reported that the first phase of Autonomys Network has introduced over 300PB of storage space, covering more than 2,000 nodes. The second phase will also open up more opportunities, including the DecEx domain name.Additionally, the Web3 asset data platform RootData shows that Autonomys is a decentralized AI (deAI) vertical stack that includes distributed storage, distributed computing, and a suite of decentralized applications (dApps). This vertical stack not only enhances the functionality of AI applications but also ensures they operate within a secure and decentralized framework.

ChainCatcher news, the Texas Public Utility Commission has passed a regulation requiring Bitcoin miners using the grid maintained by the Electric Reliability Council of Texas (ERCOT) to register and share key details about their facilities.According to the recently passed Texas Public Utility Commission (PUCT) rules, Bitcoin miners must share their facility's location, ownership information, and power requirements with state government agencies. Miners have only one business day to register from the date their facility connects to the ERCOT grid, and they must renew their registration by March 1 of each year.ERCOT is an independent system operator that accounts for 90% of the state's electricity load. According to PUCT Chairman Thomas Gleeson, the new regulations are intended to help manage the grid as more mining facilities come online.Gleeson stated, "To ensure the reliability of the ERCOT grid and meet the electricity needs of all Texans, PUCT and ERCOT need to understand the location and power requirements of virtual currency miners."

According to ChainCatcher news, on the website of the Central Commission for Discipline Inspection and National Supervisory Commission, Yao Qian, former director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission and former director of the Information Center, has been expelled from the Party and public office due to serious violations of discipline and law. Investigations show that Yao Qian used regulatory power to seek benefits for specific technology service providers, involving money-for-power transactions related to virtual currencies, and illegally accepted huge amounts of property.In addition, he also violated the spirit of the Central Eight Provisions by improperly accepting valuable items, accepting banquets, and engaging in irregular operations in employee recruitment and investment shares. After research and decision by the Party Committee of the China Securities Regulatory Commission and relevant disciplinary inspection and supervision departments, Yao Qian has been subjected to serious penalties, and issues involving suspected criminal activities have been transferred to the procuratorial organs for legal review and prosecution.Previous report indicated that Yao Qian was suspected of serious violations of discipline and law, and had previously undergone disciplinary review by the disciplinary inspection team stationed at the China Securities Regulatory Commission and supervisory investigation by the Shantou Municipal Supervisory Committee in Guangdong Province.It is reported that Yao Qian was the first director of the Digital Currency Research Department of the People's Bank of China (CBDC) and was named one of the most influential figures in the blockchain field by Coindesk in 2017. He has published multiple research articles on blockchain technology, digital currency, and Web 3.0, and co-authored the book "Web 3.0: Changes and Challenges of the Next Generation Internet."

ChainCatcher news, the Hong Kong Legislative Council's Web3 and Virtual Assets Development Subcommittee held a meeting on November 19 to discuss the promotion of blockchain technology applications and Web3 development. Business sector member Yan Gang suggested combining the virtual asset index with the development of local stablecoins, allowing Hong Kong to gain a certain degree of influence in the pricing power of virtual asset trading. He hopes that the SAR government will further plan in this regard.

ChainCatcher news, Federal Reserve Chairman Powell's speech last week hinted at a possible pause in interest rate cuts at the upcoming meeting. This news left investors feeling dissatisfied. However, some economists do not believe Powell's remarks pose a negative impact on the market.Citigroup's Chief U.S. Economist Andrew Hollenhorst stated, "U.S. Treasury yields rose due to Powell's remarks, but we believe this is more a reflection of Powell keeping all options open rather than intentionally sending a hawkish signal." Goldman Sachs Chief Economist Hatzius still expects "the Federal Reserve to cut rates consecutively in December, January, and March, followed by a rate cut once each quarter in June and September, but it believes the FOMC may slow the pace of rate cuts more quickly, possibly as early as the meetings in December or January." However, unless the employment or inflation report in November is unexpectedly strong, the likelihood of the FOMC skipping a rate cut in December is low.

ChainCatcher news: After a strong surge following the election, market sentiment has somewhat cooled last week. Federal Reserve Chairman Powell seems intent on slowing down interest rate cuts, which has dampened the excitement generated by the "Trump trade."According to 4E monitoring, the three major U.S. stock indexes continued to weaken after reaching new highs on Monday. On Friday, a significant cut in interest rate expectations put pressure on the stock market, causing it to decline across the board. The S&P 500 index fell 2% over the past five trading days, erasing half of its gains since the election. The Dow Jones Industrial Average dropped 1.24% this week, while the Nasdaq Composite fell 3.15%, marking its largest weekly decline since September.Bitcoin, after breaking through $93,000 on Wednesday to set a new all-time high, began to consolidate amid the pullback in U.S. stocks but showed resilience. It is currently trading in a narrow range around the $90,000 mark. As of the time of writing, Bitcoin is priced at $90,799, with a 7-day increase of nearly 12%. Other altcoins followed Bitcoin's fluctuations, with SOL benefiting from the MEME frenzy, demonstrating strong rebound and upward momentum.In the commodities market, the cooling of interest rate cut expectations from the Federal Reserve has led to a continued strengthening of the dollar, reaching its highest level in over a year. The dollar index rose 1.6% last week and has increased for seven consecutive weeks. The strong dollar continues to pressure commodities, with spot gold falling about 4.6% last week, marking its largest weekly decline in three years, and retreating nearly 9.3% from its historical high. U.S. oil fell nearly 5%, while Brent crude dropped nearly 4%.Current market focus is on inflation concerns following the Trump administration's rise and the Federal Reserve's more hawkish outlook. Powell's speech on Thursday essentially indicated that Fed officials do not need to rush into rate cuts, leading traders to significantly reduce their rate cut expectations. The retreat in sentiment and uncertainty in monetary policy have increased upward resistance in the market. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and foreign exchange. It recently launched a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to be aware of market volatility risks and to allocate assets wisely.

ChainCatcher news, according to Finance Feeds, Swiss investment company ISP Securities has partnered with cryptocurrency technology provider Taurus to use its digital asset custody solution Taurus-PROTECT. ISP's institutional clients will be able to trade, custody, and stake the digital assets provided by ISP.

ChainCatcher news, when asked at an event in Dallas whether he would consider becoming the first Federal Reserve Chair to remain on the board after his term as Chair ends in over 70 years, Federal Reserve Chair Powell simply stated that he is committed to completing his term as Chair.Powell said, "I must serve to the end; this is the most important thing during my term. This is what I have decided and what I am considering." Powell's term as a board member will expire in January 2028. The last former Chair to continue serving after their term as Federal Reserve Chair ended was Marriner Eccles, who stepped down as Chair in January 1948 but did not leave the board until July 1951.

ChainCatcher news, according to Jinshi reports, at an event in Dallas, when asked whether he would consider being the first Federal Reserve Chair to remain on the Board of Governors after the end of his term in over 70 years, Federal Reserve Chair Powell simply stated that he is committed to completing his term.Powell said, "I must serve to the end; this is the most important thing during my term. This is what I have decided and what I am considering." Powell's term as a Board member will expire in January 2028. The last chair to continue serving after the end of their term as Federal Reserve Chair was Marriner Eccles, who stepped down as Chair in January 1948 but did not leave the Board until July 1951.