According to a report by Jinse Finance, CITIC Securities released a research report stating that the explanatory power of marginal demand on gold pricing has increased. Returning to traditional supply and demand logic, due to relatively stable gold supply, with annual production basically maintained at around 3600 tons, the true pricing variable for gold lies in demand, especially marginal demand. Gold demand mainly includes three parts: private sector consumption demand, private sector investment demand, and official gold purchasing demand. In the past, marginal demand for gold was mainly contributed by ETF demand from Europe and the United States (private sector investment demand in Europe and the United States, mainly from overseas institutional investors), and its demand or investment framework mainly depended on the real interest rate of U.S. Treasury bonds. Private sector investment demand in Europe and the United States (such as ETF demand) still shows a strong correlation with the real interest rate of U.S. Treasury bonds. As U.S. inflation recedes and labor market resilience declines, expectations for Fed interest rate cuts in the second half of the year are rising, leading to a decline in nominal and real interest rates driven by the onset of rate cuts.

BlockBeats news, on November 28, according to data from glassnode, as of Wednesday, the supply share of Ether held by the top 1% of addresses has risen to 97.6%, up from 96.1% a year ago. However, Iliya Kalchev, a scheduling analyst at the digital asset platform Nexo, stated that the market reaction remains "restrained." Stable capital inflows and the rising derivatives trading activity indicate that investors are selectively rebuilding their portfolios rather than actively rotating throughout the financial system.

The European Central Bank recently made a clear statement regarding Bitcoin reserves, indicating that it will not include Bitcoin in its official reserves. This decision has sparked heated discussions in the global crypto world, with the market and investors showing high concern for the future direction of European digital assets. The European Central Bank emphasizes that Bitcoin reserves do not align with its long-term framework. The bank prefers assets that are stable, have clear valuations, and a historically reliable safety record, whereas Bitcoin has yet to meet these standards. In its statement, the European Central Bank pointed out that further regulatory strengthening is needed to ensure that the risks are manageable before Bitcoin is included in the official financial system.

On Friday, the price of Bitcoin remained around $90,000, supported by short positions covering and bargain buying. Market maker Flowdesk stated that these factors helped alleviate recent dumping pressure, leading to a more stable market performance. Meanwhile, traders are widely betting that the Fed may cut interest rates in December, a sentiment that is affecting multiple asset classes, including Crypto Assets. Ethereum is slightly above $3000, showing some buying interest returning. However, compared to Bitcoin, Ethereum has experienced greater selling pressure over the past month. Prediction platform Polymarket shows that traders believe there is a 74% probability that Bitcoin will maintain a weekly high of $92,000 by the end of November, while the probability of breaking above $96,000 is in the single digits. The continued outflow of ETFs still poses resistance to price increases, and traders expect that once Bitcoin rebounds to around $95,000, supply pressure may increase again.

Odaily News Alliance DAO co-founder responded to the previous viewpoint that "crypto bros will face stronger opponents when trading U.S. stocks" by stating that he is clear about this because he himself was one of the "professional counterparties" in the U.S. stock market ten years ago. He stated, "In the U.S. stock market, about 1 in every 20 trades is against my counterparty. I know my level at that time, and I am aware of the strength of my peers like Jump, Citadel, etc.—any market inefficiency you can think of has been completely squeezed out by us." He emphasized that retail investors might "get lucky for a few months," but the only way to make stable profits in the long term is straightforward: buy quality assets and hold them long-term, most likely index funds. If everyone does this, the professional trading industry will not be able to sustain itself. He concluded by writing: "The worst performer at the table.

The price of Zcash (ZEC) has recently rebounded strongly from a key demand zone, becoming the focus of the market once again. Although the overall crypto market is still showing mixed rises and falls, ZEC remains stable near major reaction levels, indicating increased buyer confidence. The technical analysis shows that the Zcash price is accumulating strength within a descending wedge while forming an Adam and Eve bottom formation. The Adam part presents a V-shaped rapid rebound, while the Eve part supports a rounded and stable formation, indicating that buyers are actively intervening during each pullback, leading to an increasingly clear price structure. The main support levels are at 607 USD, 705 USD, and 800 USD, and if the price successfully breaks through these levels, it will open up further upside potential.

ChainCatcher message, QCP's analysis states that BTC is currently stable at a high level of 90,000 USD, with market risk sentiment improving and the expectation of a rate cut in December rising to 85%. However, macro signals remain complex, inflation is still high, and labor data is weak. Warning signals have appeared in the AI credit sector, with credit default swaps (CDS) widening, raising concerns about rising accounts receivable and inventory at Nvidia. The capital flow in cryptocurrency shows a similar trend: ETFs continue to see outflows, and most products are trading below their net asset value. MicroStrategy's strategy is under scrutiny again, as its BTC holdings approach breakeven, and its stocks have been added to the MSCI delisting watch list. The options market shows cautious sentiment, the correlation between Bitcoin and AI stocks has increased, and the fear and greed index has decreased. Technically, Bitcoin is around 95,000 USD.

The Xapo Byzantine BTC Credit Fund of Xapo Bank has opened to accredited investors, attracting $100 million in its initial phase. The fund provides a wealth management tool for long-term Bitcoin holders, offering low-risk stable returns through an institutional credit process.

Odaily News The weekly initial jobless claims in the U.S. have decreased, indicating that the number of unemployed remains very low, although the labor market is struggling to create sufficient job opportunities for the unemployed amid persistent economic uncertainty. Data released on Wednesday showed that for the week ending November 22, the seasonally adjusted initial jobless claims fell by 6,000 to 216,000. Economists had previously expected the initial jobless claims to be 225,000 for last week. Due to Thursday being Thanksgiving, the report was released a day early. Economists say that President Trump’s aggressive trade and immigration policies have created an environment where companies are reluctant to lay off or hire more workers, leading to what they and policymakers describe as a "no-hire no-fire" labor market. However, some companies, including Amazon, are ramping up layoffs as they integrate artificial intelligence into certain positions.

According to ChainCatcher news and Jin10 reports, Mizuho Securities analyst Waratan stated that the possibility of a Fed interest rate cut has significantly risen, keeping the dollar stable. However, with the increasing likelihood of Hassett being nominated as the next Fed Chairman, the dollar Exchange Rate has fallen. Waratan pointed out that investors are digesting the factors that could lead to a politicization of the Fed by Hassett, believing that the "Hassett effect" might pressure the dollar, and the risk of dollar depreciation remains very high.

PANews, November 25 news, according to the official announcement from the Wyoming Stable Token Commission, the U.S. Wyoming Stablecoin Committee has launched the Frontier Stable Token Testnet Faucet. Users can connect their wallets on the official website, select from 8 testnets, and receive up to 1000 tFRNT every 24 hours. tFRNT has no reserve support and is solely a testnet token for simulating mainnet contract testing, used for developer integration testing and Newbie experience of the FRNT mechanism. Currently, it supports testnets such as Arbitrum, Avalanche, Base, Ethereum, Hedera, Optimism, Polygon, and Solana, and related import instructions can be found on its FAQ page.

According to ChainCatcher news and Jin10 reports, U.S. stock index futures remained stable after the release of September retail sales and producer price data.

ChainCatcher news, according to Jin10 reports, today the RMB Exchange Rate refreshed its high for over a year, with both onshore and offshore RMB against the US dollar recovering above the 7.09 mark. Industry insiders believe that the subsequent upward space for the dollar index is limited, and the RMB trend will be stable with a slight strength. The seasonal Exchange Settlement demand in the fourth quarter will provide important support for the RMB. Wang Qing, Chief Macro Analyst at Dongfang Jincheng, stated that with the Fed possibly continuing to cut interest rates, the upward space for the dollar index is limited, and it is expected that in the short term, the RMB will remain in a slightly strong operating state.

On Monday, the stock prices of digital asset management companies performed strongly, with BitMine Immersion Technologies leading the charge among major Crypto Assets holding companies. The stock soared nearly 20% during the trading session. BitMine's stock price climbed from just under $27 to over $31 at closing. With the price of Ethereum continuing to rise, the gains in after-hours trading remained stable. Since the cryptocurrency market peaked in early October, the stock has dropped by 50%. However, since launching the Ethereum accumulation strategy in late June, BitMine's stock price has still increased by 630%.

At the press conference of the Ministry of Foreign Affairs on November 25, spokesperson Mao Ning stated that the call between the Chinese and American leaders was initiated by the U.S. side, the atmosphere was positive and friendly, and both sides exchanged views on issues of mutual concern, which is of great significance for the stable development of the relationship between the two countries.

Gate News bot message, according to the official announcement from Gate on November 25, 2025: The Gate quantitative fund product "Arbitrage Pioneer - USDT" has replenished its quota and reopened for subscription, and this product is only available to VIP users of levels 5-14. Since its operation for 945 days, the annualized return rate for the past year is 6.94%, and the estimated annualized return rate for the past 30 days is 5.20%. This strategy product captures price differences across multiple markets through quantitative models, aiming for stable returns. As an important part of the Gate quantitative fund product matrix, "Arbitrage Pioneer" works alongside strategies like "Hedge Smart Strategy" and "Hedge Ark" to provide users with diversified investment options.

Gate News Bot news, on November 25, according to CoinMarketCap's market data, RESOLV is currently priced at $0.15, with a rise of 24.75% in the last 24 hours, peaking at $0.24 and dropping to a low of $0.12. The current market capitalization is approximately $49.3 million, an increase of nearly $9.799 million compared to yesterday. Resolv is a financial layer designed for stable yields, offering transparent dollar products supported by diversified crypto income sources. Its main product, USR, is a crypto-native dollar tool aimed at providing stable returns with no directional market risk. Resolv's modular architecture allows for the allocation of funds to different markets, achieving stable and risk-controlled returns. Additionally, Resolv offers RLP leveraged yield products and curated investment vaults for different risk appetites.

Odaily News According to a report by Cointelegraph, NYDIG stated that the Bitcoin dominance rose to over 60% at the beginning of November, with funds consolidating into BTC during the market pullback, currently stabilizing around 59%.

CITIC Securities research report points out that the volatility of global risk assets stems from liquidity issues and dependence on AI narratives. Changes in Fed interest rate cut expectations have triggered asset valuation corrections, and market anxiety over the sustainability of AI infrastructure has intensified. Under the influx of stable funds, the A-share market may experience a "sharp fall and slow rise," providing opportunities for investors to position themselves.

According to ChainCatcher news and Jin10 reports, Fed's Collins stated that maintaining interest rates stable is appropriate at this time, as inflation may remain high for a period. She added that the labor market seems to be cooling, but the rate of decline is not fast. Collins pointed out that if there are clear signs of significant deterioration in the labor market, it will be taken very seriously, which could provide a reason for further easing in the near future, but so far there have not been significant changes in the unemployment rate.

Glassnode co-founder Negentropic stated that there has not been a narrative shift in the Bitcoin market, but rather a mechanical buffer; the ETF still maintains net gains, despite some long-term holders selling off. Solana ETF fund inflows are stable, the overall cycle structure is good, market demand is strong, the trend has not been broken, and the rebound could be significant.

Nvidia's stock price fluctuated sharply after the earnings report was released, raising concerns about its financial condition in the market. Analyst Pereira pointed out that there are significant contradictions in the company’s financial data, with accounts receivable and inventory surging, and cash flow conversion rates lower than peers. The exposure of a funding closed loop indicates that revenues have not been genuinely realized. Investors are fleeing, warning that Nvidia may trigger a broader market collapse in the future, and suggesting a shift to more stable assets.

According to Foresight News, as reported by Sina Finance, Lv Zhihong, a member of the Hong Kong Stablecoin Review Tribunal and the Web3 Development Group, stated that stablecoins may face potential risks related to asset allocation, network security, and smart contracts. However, Hong Kong's regulatory framework has been standardized throughout the entire process from access, operation, to exit, minimizing risks to the greatest extent. The core goal is to ensure asset security for stablecoin holders. The price of stablecoins is relatively stable, leaning more towards being a payment tool rather than an investment product, and the core of regulation also revolves around ensuring the 'holding security' of stablecoin holders.

According to ChainCatcher news and reported by CryptoCurrency, VanEck's report indicates that Bitcoin wallets that have not conducted any transactions in the past five years are the main source of recent selling, while the wallets with the longest holding period remain "astonishingly stable." In the past two years, the number of coins held by the 3-5 age group has decreased by 32%, and the addresses holding these coins have changed. VanEck believes this trend is related to the replacement of cyclical traders rather than the abandonment of holders for more than ten years. The report also emphasizes the adjustment of speculative positions: since October 9, the open interest of Bitcoin perpetual contracts has decreased by 20% in BTC terms and 32% in USD terms, resulting in the funding rate falling to levels similar to those during previous market downturns. The balance of small wallets holding between 100 and 1000 BTC has decreased.

According to ChainCatcher news and Jin10 reports, economists generally predict that the U.S. non-farm payrolls will increase by 100,000 in September, with the unemployment rate expected to remain stable at 4.3%. Analysts from TD Securities stated that with a support of 125,000 jobs added in the private sector, the employment figure for September may rebound to 100,000. Government employment positions may decrease by 25,000. The average hourly wage is expected to rise at an annual rate of 3.7%, remaining consistent with the increase in August.

According to ChainCatcher news and a report from CoinDesk, India plans to launch a stable digital asset ARC pegged 1:1 with the rupee in the first quarter of 2026, developed jointly by Polygon and local fintech company Anq. ARC will operate on the basis of the Central Bank Digital Currency (CBDC) and adopt a dual-layer structure, issuing only to corporate accounts, aimed at curbing capital flow towards dollar stablecoins and supporting domestic debt needs. This mechanism combines Uniswap v4 Allowlist control, reinforcing Compliance and ensuring monetary sovereignty.

BlockBeats news, on November 19, QCP released its daily market observation stating that this week, Bitcoin continued to fall, briefly dropping below the key $90,000 level, due to tightening market expectations for interest rate hikes and ongoing ETF outflows that dampened market sentiment. The thin liquidity further amplified this wave of declines, showing that Bitcoin has become increasingly sensitive to changes in the macro environment. This pullback occurred against the backdrop of the Fed's expectations being rapidly repriced — the market shifted from a nearly certain December rate cut to a roughly balanced probability. This puts pressure on interest rate-sensitive assets like Bitcoin, while the stock market remained relatively stable due to robust corporate earnings reports, particularly from large tech companies (hyperscalers) reporting strong profits and record AI-driven capital expenditures. As the U.S. government reopens and official data is released, it provides the market with essential insights into the momentum of economic fundamentals.

Odaily News rderly Network launches Kronos QLS Vault, a market-neutral quantitative strategy tool developed by Kronos Research. The Vault balances long and short positions through algorithmic trading, capturing alpha returns, focusing on the top 50-100 high liquidity futures tokens by volume, and rotating the capital daily to achieve low slippage and stable returns.

According to Jinse Finance, all refunds for unexpected transactions in the Stable stablecoin pre-deposit plan have been fully processed, as reported by Hourglass. These deposits have been refunded in full and are not included in the plan. Refunds have been sent directly back to the Wallet that initiated the USDC transfer. These situations include: Send USDC directly to the contract Set the receiving address for the pre-iUSDT share to the contract. Set the contract as the recipient when calling redeemNonKyc. If you have any unexpected transactions, USDC has now been returned to your Wallet.

ChainCatcher news, the Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, revealed in a recent interview that Hong Kong is exploring the tokenization of stable cash flows such as international shipping rents, placing them on the blockchain for investor subscription. This model not only creates new investment products but also utilizes blockchain technology to achieve asset traceability. In addition, Hui reiterated that stablecoins are not tools for speculation, and they are currently reviewing license applications, aiming for distribution to begin next year.

PANews, November 18 news, according to the Hourglass announcement, the excess refund of the second phase of the Stable pre-deposit plan is now open, and users can receive USDC refunds through the Merkl platform. The first $1,000 is fully received, and the excess portion is included in the plan at about 45%, with the remaining 55% distributed as refunds. Currently, over $634 million USDC is available for collection, and the rest will be opened for withdrawal after the event ends. Users need to connect their Wallet to the Merkl dashboard to perform the collection operation.

The Decentralized Finance transparency mechanism protocol Crypto DAO is about to launch, utilizing core structures such as real collateral and a unique token issuance entry. It provides a transparent and standardized protocol framework through on-chain mechanisms, ensuring that token issuance is transparent and traceable, treasury assets are public and verifiable, and it has a price stability system to support stable operations.

In the context of deteriorating market sentiment, the super whale group holding a large amount of Bitcoin shows composure, with loss levels significantly lower than in previous key pullback periods. Core chips remain stable, and BTC price fluctuates in the high-level chip area, with short-term selling pressure mainly concentrated around $100,000.

Honeypot Finance has completed the upgrade from AMM perpetuals to Full-Stack Perpetuals DEX, and has launched order book perpetuals, supporting cross-chain Liquidity. This upgrade introduces the era of dual execution engines, enhancing risk isolation and stable returns, marking the evolution of perpetual trading towards a multi-execution model.

Golden Finance reports that Hourglass has announced on the X platform that the second phase of the Stable stablecoin pre-deposit program has ended. Over 10,000 verified Wallets have submitted more than 1.1 billion dollars in qualified deposits, setting the largest fully on-chain verified pre-deposit program to date.

Berkshire Hathaway, led by Buffett, has reduced its stake in Apple while adding $4.3 billion in Alphabet holdings, indicating a shift in its investment strategy. This could be Buffett's last batch of new stock investments before retirement. Besides Alphabet, Berkshire's other large positions remain stable, still focused on traditional companies.

Cardone Capital has launched an innovative hybrid fund that combines traditional commercial real estate with Bitcoin asset allocation, planning to invest approximately $100 million in Bitcoin and using stable rental income for accumulation. This cross-border innovation may bring new strategies to traditional real estate investment trusts.

Tron Inc. announced its third-quarter financial report for the period ending September 30, 2025, with a net profit of $12.174 million, turning from a loss to a profit, and shareholders' equity exceeding $239 million. The company's assets are stable, having secured a $110 million TRX investment, which has driven performance improvements.

Dragonfly Managing Partner Haseeb stated on X platform that the current Bear Market is the "easiest" one, compared to the severe collapse of 2022. Although prices are falling, the fundamentals are good, and the market environment is relatively stable.

According to ChainCatcher news, as reported by Jin10, Fed official Kashkari stated that economic resilience suggests a pause in interest rate cuts in October. Data shows that the economic situation has remained stable since the October meeting. He does not have a strong inclination towards a rate cut in December.

According to ChainCatcher news and Jin10 reports, BNY Global has announced the launch of a stablecoin reserve fund aimed at providing investors with more stable digital asset investment options.

During the European trading session, U.S. Treasury yields remained stable as the market remained cautious, focusing on the upcoming economic data. Analysts pointed out that the recent weak ADP report indicates an increase in layoffs in the private sector, reflecting concerns over a soft labor market and weak demand.

PANews reported on November 13 that Balancer posted on the X platform, stating that in response to the recent Balancer V2 stablecoin pool incident, the Balancer team has initiated a white hat recovery operation and transferred approximately $4.1 million in funds to a controlled escrow account for reconciliation and refunds. This applies only to the Balancer V2 stable pool, and Balancer V3 is unaffected. Balancer reminds community users to be cautious of Phishing and currently advises against any operations with the listed funds pools. Further information will be updated after the reconciliation is completed. According to previous reports, the DeFi protocol Balancer suffered a hack with a loss of approximately $116.6 million, involving the transfer of assets across multiple chains, including WETH and Staked.

BlockBeats News, November 11 — According to official sources, Grvt has launched a new revenue mechanism called Grvt Liquidity Provider (GLP) strategy as its native protocol treasury. It utilizes professional quantitative market making and risk hedging strategies to bring users stable on-chain returns. Official data shows that this strategy is jointly managed by LPs with over 40 years of experience and professional trading firms. After six months of live testing, it achieved an annualized return of approximately 48% with a Sharpe ratio of 7.6. GLP investment eligibility will be determined based on users' total trading volume history. Investors can also earn weekly from 15% of Grvt's TVL (Total Value Locked).

Gate News Bot message, November 11th, according to CoinMarketCap data, at the time of press, BLESS (Bless) is currently priced at $0.04, up 31.08% in the past 24 hours, with a high of $0.06 and a low of $0.03. The current market cap is approximately $70.1 million, an increase of about $16.6 million from yesterday. Recent important news about BLESS: 1️⃣ **Bless Network Mainnet Launching Soon** The Bless network mainnet is about to launch, providing a new alternative for decentralized cloud computing. The mainnet launch marks Bless's official entry into operational phase, expected to offer users more stable and efficient shared computing services. This significant milestone could be one of the main factors driving the BLESS token price upward.

BlockBeats News, November 11th, Balancer announced, "Following last week's attack incident, out of caution, Balancer Labs has proposed a BIP suggesting the deprecation of v2 stable pools and encouraging LPs to migrate their liquidity to v3. Balancer v3 remains fully operational and unaffected."

Jin10 Data, November 10th: Japanese Prime Minister Fumio Kishida's goal is to use his first stimulus package to kickstart the economy and initiate a new growth strategy through investments. According to a document released after the first meeting of an expert panel responsible for developing Japan's new economic growth strategy by next summer, the panel recommends that the Prime Minister leverage this plan to launch efforts to establish robust growth through "crisis management investments and growth investments." The expert panel stated that the government should focus on investing in 17 sectors that Kishida considers vital to Japan's economic growth. These sectors include semiconductors and artificial intelligence, shipbuilding, the defense industry, and critical minerals. Kishida has signaled a shift toward more expansionary fiscal policies and has indicated that Japan is only halfway to achieving stable inflation supported by wage growth. This suggests that he wants the Bank of Japan to remain cautious as it gradually raises interest rates. He also emphasized his commitment to implementing both responsible and expansionary fiscal policies.

PANews November 9th reported that Re7 Labs released an impact report on xUSD de-pegging, with over $13 million in funds affected by Stable Labs. The report states: 1. Stream-xUSD: Stream's CEO has assured that the financial situation remains stable and unaffected by market events. Currently, Stream has partially repaid loan positions on Plasma and $7 million USDC in Re7 Labs' treasury on Worldchain; at the same time, to prevent further risk exposure, Re7 Labs has transferred all funds from the Earn treasury out of the xUSD market. Additionally, the upper limit of the xUSD market has been set to 0 and it has been removed from Euler Earn.