according to data provided by Crane Data, which has long been researching the currency market fund field, as of the week of November 13th, the management assets of US currency market funds increased by about $91 billion, and the total scale exceeded $7 trillion for the first time, which is a milestone for the industry. Due to the high and reliable yield, the popularity of this industry among investors has risen sharply. Before reaching the $7 trillion mark, the scale of US currency market assets hit a historic high for several consecutive months, which refuted doubts about whether the industry could continue to be popular as Federal Reserve officials lowered interest rates from their highest level in 20 years. After US policy makers cut interest rates by 50 basis points in September and another 25 basis points this month, investors continued to pour into currency market funds, mainly because the yield of these funds is higher than other tools, especially bank deposits. Compared with banks, the speed at which these funds transmit the impact of low interest rates is often slower.

Franklin Templeton expanded its $410 million money market fund to the Ethereum blockchain.

 US October PPI rose 2.4% year-on-year, estimated at 2.3%, with a previous value of 1.8%; the US October PPI rose 0.2% month-on-month, estimated at 0.2%, with a previous value of 0%.

According to market data, from November 5th to November 13th, Dogecoin had the most eye-catching increase, surpassing the more focused Tesla and Bitcoin. On November 14th, Dogecoin and Bitcoin continued to rise. As of November 13th, Dogecoin increased by 128%, Coinbase increased by 47%, Tesla increased by 31%, Bitcoin increased by 29%, the banking sector increased by 10%, small-cap stocks increased by 4.9%, the S&P 500 increased by 3.6%, and the US dollar index increased by 3.1%. In addition, long-term US bonds, crude oil, gold, and Trump media all experienced a decline.

On November 14th, according to on-chain analyst Yu Jin, Binance Labs may be preparing to sell tokens from some of its investment projects. One hour ago, Binance Labs transferred tokens from four of its invested projects (with a total value of approximately $2.79 million) to the Gate exchange. These tokens include:

The new additions bring the total number of cryptocurrencies on Robinhood's platform to 19. It comes amid a crypto rally that saw Bitcoin reach an all-time high of over $90,000.

Coincheck is set to make history as the first Japanese crypto exchange to list on Nasdaq, following SEC approval.

Tokyo-based Metaplanet has more than doubled its Bitcoin while the value of its holdings has soared amid a renewed bull market.

JP Morgan has rebranded its Onyx blockchain unit to Kinexys by JP Morgan.

Four Utopia Labs members, including Kaito Cunningham and Alexander Wu, are joining Coinbase to develop stablecoin payment solutions. Utopia raised $23 million from investors, including Coinbase, and will cease operations after the sale.