ChainCatcher news, according to data from intotheblock, the correlation between Bitcoin and precious metals has increased recently.Intotheblock indicates that this phenomenon may be related to the macro focus shifting from interest rates to the banking crisis and the risk of default in the United States. Additionally, the recent rebound of the U.S. dollar index (DXY) may also be an important factor contributing to the simultaneous decline in the prices of Bitcoin and precious metals. (source link)

ChainCatcher News, President Biden stated during a speech on the debt ceiling issue: "Yesterday's talks were productive. I am confident that we will reach an agreement (on the debt ceiling) and I am certain that the United States will not default. We must come together because there is no other choice. The leaders agree that we will not default. I am proud of the progress the government has made in reducing the deficit. A group of negotiators met on Tuesday night, and we will meet again on Wednesday. I will stay in close contact with the negotiators during my visit."Biden also stated: "We will continue to discuss until we reach an agreement. A press conference on the debt issue will be held on Sunday." (source link)

ChainCatcher news, Warren Buffett said on Saturday that he cannot imagine American political parties allowing a refusal to raise the debt ceiling, which would lead to a debt default and risk "throwing the world into turmoil" by jeopardizing the global financial system. Buffett also stated that it would be "catastrophic" if regulators do not protect the depositors of the recently acquired Silicon Valley Bank.In addition, Buffett reiterated that Abel will succeed him. (source link)

ChainCatcher news, El Salvador's President Nayib Bukele posted on social media that Western media, including the New York Times, previously reported that El Salvador would face a debt default in January 2023 due to its "Bitcoin bet," but that is not the case; El Salvador has fully paid its $800 million debt (including interest). "When the lies of the New York Times are exposed, they go into silent mode." (source link)

ChainCatcher news, Bitcoin mining company Iris Energy has received a default notice for $103 million in unpaid debt, primarily due to the inability of the two financed Bitcoin mining companies it operates to generate sufficient income for the miners. Iris Energy stated that it does not intend to provide financial support to the miners if the lenders refuse to negotiate a new loan agreement, and warned that the company's operations could be affected if the lenders seize the mining equipment to recover the debt.Earlier in early November, Iris Energy indicated that the mining equipment owned by its special purpose vehicle (SPV) was unable to generate enough cash to meet its financing obligations, and that the market value of this equipment "is significantly lower than the principal amount of the related loans." (source link)