BlockBeats news, on December 3, Republicans avoided an upset loss in the U.S. House election held Tuesday in Tennessee, bringing relief to Trump and his congressional allies. According to predictions by the Associated Press, NBC News, and election analysis website Decision Desk HQ, Trump-endorsed Republican candidate Matt Van Epps is expected to win. Trump praised the Republican victory in a social media post, and Epps also declared victory. However, even with the win, in a district where Trump won by a landslide just a year ago, voters are gradually distancing themselves from the Republican Party. This is the latest data point indicating that Republicans face a challenging outlook in next year’s midterm elections. In a series of elections this year, Democrats have outperformed their vote advantage for the 2024 presidential election. Just a few weeks ago, the party achieved victories in New York City, New Jersey, and Virginia.

Multiple encryption projects launched by the Trump family have suffered heavy losses, with declines far exceeding mainstream assets, as Bitcoin only fell by 25%. The total value of related projects decreased by over 1 billion dollars, affecting market confidence and the wealth of the Trump family.

Golden Finance reports that according to The Kobeissi Letter, Trump will make a statement at 2:30 PM Eastern Time on Wednesday.

Former FTX CEO SBF praised Trump on social media for pardoning former Honduran President Hernández, stating that he deserves freedom. SBF is serving a 25-year sentence for fraud and other charges, hoping for a pardon, but the likelihood is very low due to his past donations to Biden. His appeal case is still under review.

PANews, December 3 - According to Russian media reports, Russian President Putin and U.S. envoy Vitkov discussed the Russia-Ukraine peace plan for nearly 5 hours. After the meeting, Russian presidential aide Ushakov stated that the two sides discussed several options for resolving the Ukraine issue. Putin requested that several important political signals be conveyed to Trump. The Russian and American sides agreed not to disclose the substance of the negotiations. The content of this negotiation is confidential. The American representatives will return to the U.S. to report their results to Trump and will contact us. Contacts between Russia and the United States are ongoing. A compromise on territorial issues has not yet been reached, but the U.S. side has announced its proposals. Russian presidential special envoy Dmitriev said that the talks were productive.

Golden Finance reported that during a meeting at the White House, U.S. President Trump stated that the potential Fed chairman is here while introducing Hassett.

Golden Finance reports, U.S. President Trump: I get along very well with Elon (Musk). (When asked about Musk-related questions) I just don't want only electric cars.

Odaily News President Trump: We have evaluated 10 candidates for the Fed, and we are down to the last one.

Golden Finance reports that U.S. President Trump says the Fed chair should cut interest rates. Trump reiterated his criticism of Powell, stating that even JPMorgan CEO Dimon said Powell should lower interest rates.

Odaily News Trump: Will announce the new Fed chair nominee early next year.

BlockBeats news, on December 3rd, according to market news, Trump will announce the proposed repeal of automobile fuel economy rules at the White House on Wednesday. Executives from General Motors, Ford, and Stellantis will attend the meeting. Earlier reports indicated that Trump will make a significant statement at 3 a.m. today.

The sharp pullback in Bitcoin prices has affected the Crypto Assets market, with American Bitcoin Corp (ABTC) losing half of its stock price in a short period, falling by 42.18%. The stock has been suspended multiple times due to Fluctuation.

According to ChainCatcher news, Jin10 reports that Deutsche Bank analyst Anterje Plavk pointed out that if the next Fed chair responds to President Trump’s calls for interest rate cuts while inflation remains high, the dollar may face downward pressure. Plavk believes that the expected nominee, White House National Economic Council Director Hassett, is a loyal supporter of Trump, which increases the likelihood of the Fed cutting rates. She stated that if the Fed cannot effectively curb inflation risks, it will have a negative impact on the currency.

The report by the French bank noted that if the U.S. Supreme Court rules that Trump has implemented comprehensive tariffs illegally, the dollar could weaken immediately, and investors' concerns about the U.S. fiscal deficit would increase. However, the Trump administration may compensate for the fiscal gap through alternative tariff measures.

The crypto assets company Alt5 Sigma, supported by Trump, is under investigation for possibly violating SEC regulations. The company was previously reported to have issues such as insufficient information disclosure and improper handling of executive changes, raising regulatory concerns. The investigation is focused on the resignation of the auditor and the delay in financial reports. Forbes reported that Alt5 Sigma's independent auditor William Hudgens resigned on November 21, but he stated that he had informed the company as early as the end of June and planned to stop services after the submission of the second quarter financial report. More troubling is that the company has yet to submit its third quarter financial report, partly due to the accounting firm's delayed response. According to SEC regulations, listed companies must disclose relevant information within four business days after an external auditor resigns, and the auditor must also review the interim data of the quarterly report. Delayed reports may raise questions from regulatory agencies.

On December 1, Fed Chairman Jerome Powell deliberately avoided discussion of the current economic situation or monetary policy during a speech at the Hoover Institution at Stanford University. He reiterated the Central Bank's responsibility to maintain price stability and emphasized the importance of trust and economic humility. Powell's term will expire in May 2026, and the market is watching for Trump to possibly announce a new Fed chairman candidate this month. The timing of the speech is noteworthy: there are only 9 days left until the next Federal Open Market Committee (FOMC) meeting, and the market had hoped to gain signals on policy direction from the speech. However, Powell emphasized that he would not discuss the current economy or monetary policy, but rather commemorate the contributions of the late former Secretary of State George Shultz.

PANews, December 2nd news: The White House of the United States: President Trump will host a Cabinet meeting at 11:30 AM Eastern Time on Tuesday (0:30 AM Beijing time the next day); and will announce at 2:00 PM (3:00 AM Beijing time the next day).

Odaily News Sources say that Trump trusts Hassett and believes that he is aligned with him on the desire to push the Central Bank for more aggressive interest rate cuts. Hassett has stated that he would accept the position if invited. Last week, U.S. Treasury Secretary Becerra, who is overseeing the selection process, indicated that Trump might announce his nominee before the Christmas holiday. Other finalists besides Hassett include Federal Reserve Board of Governors member Christopher Waller, Michelle Bowman, former Federal Reserve Board member Kevin Warsh, and BlackRock's Rick Rieder. Trump has also frequently expressed a desire for Becerra to serve as chairman, but Becerra has repeatedly declined.

According to Foresight News, data from Polymarket shows that in the prediction "Who will Trump nominate as the Fed chairman?", the market currently bets that Kevin Hassett has the highest probability of being elected, rising to 73%.

Paul Krugman warned that Trump's allies are undermining the regulatory measures established after the 2008 financial crisis, increasing instability in the financial system. He mentioned that loosening bank capital requirements and supporting the encryption industry could trigger a new crisis.

BlockBeats news, on December 1, reported by WSJ, stocks and crypto assets related to President Trump are deeply mired in a downturn, causing significant losses for some of his most loyal supporters. The price of DJT, under Trump's name, has fallen 75% since he took office. The digital "meme coins" named after Trump and First Lady Melania have dropped 86% and 99%, respectively, since inauguration day. The crypto project World Liberty Financial, under the Trump family, has also seen a decrease of about 40% since its launch in September. Stocks and digital currencies directly associated with the president or his family have suffered heavy losses, reflecting a general pullback in the entire overvalued and highly speculative market (including Bitcoin and AI leaders like CoreWeave). The market originally expected the new administration to promote deregulation, tax cuts and...

According to Jinse Finance, the board of Alt5 Sigma, a reserve company associated with the Trump family, did not learn of the conviction in May for the money laundering case in Rwanda until the end of August, several months after the World Liberty Financial transaction. Previously, ALT5Sigma announced that it had fired several executives, including acting CEO Jonathan Hugh and COO Ron.

PANews, November 30 news, according to Jin10 reports, Hassett, the director of the White House National Economic Council, stated that if President Trump nominates him for the Fed chair, he "would be very willing to serve."

PANews, November 29th news, according to Jin10 report, U.S. President Trump stated that the stock market and 401k plans have reached historic highs, Inflation, prices, and taxes are all declining. Tariffs have made our country wealthy, strong, prosperous, and secure. Education is being brought back to the U.S., and our military and southern border are the strongest in history.

According to Jinse Finance, U.S. President Trump: All documents signed by "Sleepy Joe Biden" through an automatic signature device (about 92% of his signed documents) are hereby nullified and permanently invalid. The automatic signature device may not be used without special approval from the U.S. President. Radical leftist crazies surrounding the Resolute Desk in the Oval Office have stripped Biden of his presidential powers. I hereby revoke all executive orders and other documents not personally signed by Biden, due to illegal operations by the automatic signature device operator. Joe Biden did not participate in the automatic signature process, and if he claims to have participated, he will face perjury charges. Please be advised!

PANews, November 28 - According to a report released recently by the Democratic Party of the House Judiciary Committee, President Trump and his family profited over $800 million through a cryptocurrency project in the first half of 2025 by colluding with foreign powers and corporate interests. Their total assets increased to $11.6 billion, while they also disbanded regulatory agencies, interfered in investigations, and pardoned involved financiers, which is suspected of serious corruption and conflicts of interest.

According to PolyBeats monitoring, Kevin Hassett's probability of being nominated as the Fed chair by Trump in 2025 has risen significantly to 35%, making him a leading candidate. Hassett is viewed as a supporter of interest rate cuts, and the blog Finance Minister confirmed that he has entered the final shortlist, with an announcement planned before Christmas. In the long-term market, Hassett leads with a 56% probability, with Waller being the second most popular.

BlockBeats reported that on November 27, the renowned economist Nouriel Roubini has carried the nickname "Dr. Doom" for nearly two decades. This economist believes that after a brief period of cooling growth, a strong rebound driven by technology and capital expenditure will follow, allowing the U.S. to maintain its leading position in the world. He pointed out that, first, market discipline, rational advisors, and the independence of the Fed protected the worst policies after the "Day of Liberation." Due to a rapid and substantial adjustment in the market, Trump had to concede and negotiate a more reasonable trade protocol. The current popular view—that the U.S. stock market is in a massive bubble destined to burst—is incorrect in the medium term. Roubini noted that increased GDP growth may lead to rising real bond yields, but a massive positive total supply shock driven by technology could.

Alt5 Sigma Corp. announced the dismissal of interim CEO Jonathan Hugh and COO Ron Pitters, stating it is unrelated to any specific misconduct. Previously, the company was tried for Money Laundering, and the board only learned of the related events then. Tony Isaac has taken over as interim CEO.

The chief Democrat of the U.S. House Judiciary Committee released a report accusing Trump of abusing encryption policies for his family's interests, stating that his pro-encryption stance resulted in hundreds of millions of dollars in revenue and that he has financial ties with foreign investors, indicating unprecedented corruption.

As Bitcoin consolidates its recent rise, some altcoins with strong development potential are rising against the trend, such as World Liberty Financial (WLFI) and Ethena. According to Gate data, Ethena has risen 7.3% in the past 24 hours, while Bittensor and Quant's rise is between 5% and 7%. WLFI, associated with the Trump family, has risen 36% since hitting a low of $0.11 on November 21, demonstrating concentrated and strong demand in an overall cautious market. Alts refer to a general term for non-mainstream cryptocurrencies, with its definition changing over time and market conditions. As Bitcoin stabilizes after recent fluctuations, altcoins show a limited recovery.

Trump's son Eric Trump shared the behind-the-scenes operations of the American Bitcoin Mining Farm, revealing its massive operational scale. The company utilizes liquid-cooled servers and domestic energy to mine approximately 2% of the daily Bitcoin supply. This development has further sparked interest in the company's rising influence in the Bitcoin mining sector. In a video posted on the X platform, Eric Trump showcased the high-tech Mining facilities of American Bitcoin. The facility has 35,000 liquid-cooled servers designed specifically for Bitcoin Mining. Each server uses what he calls "domestic American energy," emphasizing the facility's reliance on local power resources.

BlockBeats news, on November 26, the latest PPI and CPI data shows that the U.S. September core PCE is expected to rise 0.2% month-on-month and fall to 2.8% year-on-year, only a slight decrease from the previous month. Although energy and food costs have pushed wholesale prices up, several key items covered by the PCE may keep core inflation at recent levels, serving as the last available inflation assessment before the Fed's December meeting. The market generally believes that decision-makers will engage in intense debate between "third rate cut" and "maintaining interest rates unchanged." On the political front, Trump has intervened in the midterm elections 18 months in advance, strongly promoting tax cuts and urging Republican candidates to focus on affordability issues to hedge against the decline in support rates caused by rising living costs. His strategic layout is seen as simultaneously strengthening party mobilization and building a "Congressional firewall" to avoid a third impeachment.

According to BlockBeats, on November 26, Eric Trump, the son of U.S. President Trump, responded on social media to "Eric Trump believes Ethereum will break 8000 USD in the next 38 days" by stating, "Stop spreading these fake news. I certainly hope to see this happen, but I never said this."

US President Trump stated that a peace protocol between Ukraine and Russia is close to being reached, but European leaders remain skeptical. The US pointed out that some delicate details still need to be resolved and discussions must continue. Ukraine has tentatively agreed to the protocol but needs to discuss the terms.

Trump stated on "Truth Social" that progress has been made on the peace plan for the Russia-Ukraine conflict, with only a few remaining differences. He instructed envoys to travel to Moscow to meet with Putin, while the U.S. Secretary of the Army will discuss matters with Ukraine, looking forward to meeting with the leaders of both countries soon.

According to a report by Jinse Finance, citing three informed sources from MS NOW, U.S. President Trump is considering replacing FBI Director Kash Patel in the coming months due to growing dissatisfaction among him and senior aides regarding the negative news generated by Patel recently. Patel has come under scrutiny for his management of internal resources, with reports of him arranging security for his girlfriend and using government planes, as well as disputes with other Trump associates.

Golden Finance reports that the currency strategist team at JPMorgan, led by Meera Chandan and Arindam Sandilya, had predicted that the dollar would strengthen after Trump took office this year. However, with the dollar's performance in the first half of the year being the worst in 50 years, the team had to quickly adjust its outlook. The team's view on the dollar turned negative in March and has maintained that stance ever since. The strategists now expect the dollar to fall by about 3% before mid-2026, and then stabilize. However, analysts point out that several key factors complicate the bank's bearish outlook. First, despite the Fed's recent interest rate cuts, U.S. rates remain higher than many other global central banks. They state that this makes global investors more inclined to park their funds in the U.S. and limits the appeal of diversifying investments outside the U.S. More broadly, JPMorgan is concerned about the risks related to the U.S. labor market or growth expectations.

November 26 news, reports say that as the selection process for the new chair of the Fed enters its final weeks, White House National Economic Council Director Kevin Hassett is seen by Trump’s advisors and allies as the frontrunner for the next Fed chair. However, insiders also point out that Trump is known for making surprising personnel and policy decisions, so nominations cannot be considered final until publicly announced. The selection of the Fed chair and board members has traditionally been the most direct way for a president to influence the Fed. During Trump’s first term, he nominated the current chair Jerome Powell, but Trump deeply regretted that decision when Powell did not cut rates at the pace he expected. Hassett is viewed as being highly aligned with Trump’s economic views, including the assertion that rates need to be dropped. In an interview on November 20, he stated that if he were to serve as Fed chair, "I would drop rates now," because "the data suggests we should do this."

BlockBeats News, on November 25, Ukrainian President Zelensky stated that negotiations with the United States on a peace plan are still ongoing after reports indicated that Kyiv has agreed to potential terms for ending the conflict with Russia. After a phone call with German Chancellor Merz on Tuesday, Zelensky stated on social media platform: "Communication with the U.S. side is still ongoing, and I thank all Americans for their efforts, and I personally thank President Trump for his efforts." Previously, ABC News cited a U.S. official saying that Ukraine has agreed to a potential peace protocol, but some details are still pending organization. (Jin10)

PANews November 25 news, US Treasury Secretary Becerra: Regarding the candidates for the new Chairman of the Fed, the final round of interviews will be conducted today, and there are currently five strong candidates. President Trump is very likely to announce the new Chairman of the Fed before Christmas.

BlockBeats news, on November 25, although Trump will not appear on the ballot for next November's midterm elections, he is fully committed with a do-or-die attitude because this election is crucial to his presidential term and political life. According to nine Republican strategists involved in the election, he is calling candidates, endorsing them early, formulating strategies, and pushing economic messages in an attempt to keep Congress in Republican hands. "Presidents usually start acting late in the campaign," said Bill Galston, a former senior advisor in the White House under Democratic President Bill Clinton, "Such engagement at this stage is extremely rare." Six Republican insiders told Reuters that Trump wants party candidates to use his tax cut plan as the campaign theme. The plan was introduced in July by the Republicans.

According to ChainCatcher news and Jin10 data reports, Trump posted on social media that he will visit China in April next year. "The situation can only get better, our relationship with China is very strong!" he wrote, noting that this call is a further communication following the "very successful" meeting held in South Korea between both parties. Since that meeting, both China and the US have made "significant progress" in ensuring the correlation and accuracy of the bilateral protocol.

Odaily News D.O.G.E (Department of Efficiency of the U.S. Government) posted on the X platform stating that the reports by Reuters regarding its demise are fake news. The department will resume its routine updates on Friday in a few days. The American people have authorized President Trump to modernize the federal government and reduce waste, fraud, and abuse. Just last week, the department terminated 78 wasteful contracts, saving taxpayers $335 million.

On Monday, the crypto project World Liberty (WLFI), associated with the Trump family, announced an investment in the Meme coin Sht Pss Skin Can (SPSC), causing the token's price to rise over 143%. SPSC pays tribute to WLFI co-founder Chase Herro, and WLFI's tweet called for buying SPSC, to which Herro expressed support. Currently, the price of SPSC is around $0.0063, with a market capitalization of $6.8 million.

The Trump administration is resisting a lawsuit that demands Elon Musk testify, accusing him of illegally dissolving the United States Agency for International Development while serving as head of the Department of Government Efficiency, allegedly violating the constitutional principle of separation of powers. The Department of Justice has requested to halt the related evidence-gathering procedures.

The White House in the United States has launched the "Genesis Mission" plan, aimed at accelerating scientific research progress through artificial intelligence. This initiative will integrate federal research resources to promote breakthroughs in areas such as medicine and energy, while also opening datasets to foster innovation and collaboration.

Golden Finance reported that on Monday, a federal judge dismissed the lawsuit against Trump's political opponent, former FBI Director James Comey, and New York Attorney General Letitia James. The judge ruled that the appointment of Acting U.S. Attorney Lindsey Halligan in Alexandria, Virginia, was invalid.

Odaily News The National Association for Business Economics (NABE) stated in its annual forecast survey that the U.S. economic growth rate will slightly accelerate next year, but job growth will remain weak, and the Fed will slow the pace of further interest rate cuts. This survey covers 42 professional forecasters, and the results show that the median economic forecast is a rise of 2%, up from 1.8% in the October survey. Increased personal spending and business investment are expected to drive economic growth higher, but professional forecasters almost unanimously believe that the new import tariffs from the Trump administration will drag the growth rate down by at least 0.25 percentage points. The survey report states, "Respondents believe that 'tariff impacts' are the biggest downside risk to the U.S. economic outlook." Stricter immigration enforcement is also seen as a factor suppressing economic growth, while improvements in productivity are considered the most likely factor driving economic growth above expectations. Additionally, inflation is expected to be 2.9% by the end of this year.

Trump stated on social media that despite the huge revenue the U.S. has gained from tariffs, the benefits of the tariffs have not yet fully materialized due to consumers' "stockpiling" behavior. He predicts that inventories will run out, tariffs will cause a big pump in U.S. revenue, and enhance national security and wealth.