1. Fed's Milan says a 50 basis point rate cut may occur in December, October US layoffs hit a 20-year high prompting Fed to turn hawkish
Fed Governor Milan stated that he expects the Fed to cut rates in December, with no need for a 75 basis point cut or to make up for previous insufficient cuts. He hopes to reach a neutral interest rate with steps of 50 basis points each, while many colleagues prefer adjustments of 25 basis points per step. -Original
2. JPMorgan says Bitcoin's fair value is $170,000, based on gold investment model analysis
Based on a gold investment model, JPMorgan stated that Bitcoin's fair value should be $170,000. The bank used risk capital indicators to analyze and believes that Bitcoin should reach two-thirds the scale of private gold investment, higher than the current level of about $102,000. -Original
3. JPMorgan predicts Bitcoin may rise to $170,000 in the future, driven by factors such as leverage reset
The JPMorgan analyst team stated that Bitcoin may rise to around $170,000 in the next 6 to 12 months, due to factors including leverage reset and improved volatility of Bitcoin relative to gold. Analysts pointed out that the crypto market has recently pulled back about 20% from its highs, with the largest liquidation event in crypto history occurring in the perpetual contract market on October 10, and another smaller-scale liquidation on November 3. Analysts believe the November 3 liquidation was related to shaken investor confidence, as the Balancer protocol in the DeFi sector suffered a vulnerability attack exceeding $120 million, raising concerns about protocol security in the market. -Original
4. BlackRock deposits 4,652 BTC and 57,455 ETH into Coinbase, with a total value of about $673 million
BlackRock has deposited 4,652.87 BTC into Coinbase, valued at about $478.51 million at current market prices, and also deposited 57,455 ETH, worth about $194.86 million. The above data, monitored by Onchain Lens, shows BlackRock's continued expansion in the crypto asset sector. -Original
5. Justin Sun withdraws 45,000 ETH and stakes it on Lido, worth about $154.5 million
According to Arkham data monitoring, Justin Sun withdrew 45,000 ETH from the AAVE platform today, worth about $154.5 million, and staked all of it on Lido. Previously, the total value of Ethereum held in his public wallet had reached $534 million, surpassing the value of his TRX holdings ($519 million). -Original
6. JPMorgan says Bitcoin is more attractive than gold, with significant upside potential after deleveraging
JPMorgan stated that Bitcoin has significant upside potential after experiencing major deleveraging, and considers Bitcoin more attractive compared to gold. -Original
7. Circle mints 750 million USDC on Solana network, total issuance reaches 5.25 billion USDC
On November 7, Circle minted 750 million USDC on the Solana network. According to monitoring data, since October 11, Circle has minted a total of 5.25 billion USDC on the Solana network. -Original
