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Cointime News Wrapup-Afternoon Version: SEC is Not the Appropriate Regulator for Stablecoins—Circle CEO
To smooth and facilitate the reading experience for all users, we hereby compose this wrapup, especially for users who cannot check out what’s going on in a timely manner.
On November 15th, AxiomNet announced the launch of its major market expansion plan, aimed at promoting AI-driven blockchain data solutions to more critical industries and markets, further promoting the application of blockchain worldwide.
According to Polymarket data, as reported by Jinse Finance, the possibility of Trump establishing a U.S. national BTC reserve has dropped by 27% to 32% on November 7. Previously, Galaxy Digital CEO Michael Novogratz said in an interview with Bloomberg that he believed the likelihood of the U.S. establishing a Bitcoin strategic reserve was very low. However, he predicted that if the U.S. did establish such a reserve, it would push the price of the largest digital token up to $500,000, as other countries would also feel the need to establish similar reserves.
UBS Global Wealth Management stated that the recent strength of the US dollar may not continue after Trump won the US presidential election. Analysts stated in the report that in the medium to long term, the US dollar may weaken. "Trump's proposed policies are expected to expand the twin deficits and weaken the long-term attractiveness of the US dollar." They also stated that Trump may not be able to fulfill his policies to boost the US dollar and may seek lower yields and weaker currencies. Meanwhile, they stated that the market has gone too far in reducing expectations for a Fed rate cut, and the "over-adjustment" of US Treasury yields may follow the decline of the US dollar. UBS predicts that by December 2025, the euro against the US dollar will rise from the current 1.0573 to 1.12.
Collins from the Federal Reserve stated: A rate cut in December is clearly being considered, but it has not been finally determined. There are currently no signs of price pressure. More data will be released before December, and we will have to continue to evaluate and interpret it reasonably. (Jinshi)
According to Onchain Lens monitoring, an entity named "7 Siblings" bought 1.06 million EIGEN in the past two days, with an average purchase price of $2.43,
According to iChainfo's monitoring, 60 million WLD (worth $135.9 million) have been transferred to Worldcoin's multi-signature address. It is expected that these WLD will soon be transferred to several market makers.
The Republican candidate laid out a plan for crypto policies should he win in November against prospective Democratic presidential nominee Kamala Harris.
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