1. Federal Reserve's Milan suggests a 50 basis point rate cut in December; October layoffs in the U.S. hit a 20-year high prompting a hawkish shift from the Fed

Federal Reserve Governor Milan stated that the Fed is expected to cut rates in December, without the need for a 75 basis point reduction or compensating for previous cuts. He hopes to reach a neutral rate with steps of 50 basis points, while many colleagues prefer adjustments of 25 basis points each. -Original

2. JPMorgan claims Bitcoin's fair value is $170,000 based on gold investment model analysis

JPMorgan, based on a gold investment model, stated that Bitcoin's fair value should be $170,000. The bank's analysis using risk capital indicators suggests that Bitcoin should reach two-thirds of the private investment scale of gold, which is higher than the current level of about $102,000. -Original

3. JPMorgan predicts Bitcoin could rise to $170,000 in the future, driven by factors such as leverage reset

JPMorgan's analyst team indicated that Bitcoin could rise to about $170,000 within the next 6 to 12 months, driven by factors including leverage reset and improved volatility of Bitcoin relative to gold. Analysts noted that the crypto market recently corrected about 20% from its peak, with the largest liquidation event in crypto history occurring on October 10 in the perpetual contract market, followed by a smaller-scale liquidation on November 3. Analysts believe the November 3 liquidation was related to a loss of investor confidence due to a $120 million vulnerability attack on the Balancer protocol in the decentralized finance space, raising concerns about the security of the protocol. -Original

4. BlackRock deposits 4,652 BTC and 57,455 ETH into Coinbase, totaling approximately $673 million

BlackRock has deposited 4,652.87 BTC into Coinbase, valued at approximately $478.51 million at current market prices, along with 57,455 ETH, worth about $194.86 million. This data is provided by Onchain Lens, showing BlackRock's continued positioning in the crypto asset space. -Original

5. Sun Yuchen withdraws 45,000 ETH and deposits into Lido for staking, valued at approximately $154.5 million

According to Arkham data monitoring, Sun Yuchen today withdrew 45,000 ETH from the AAVE platform, valued at approximately $154.5 million, and deposited all of it into Lido for staking. Previously, the total value of Ethereum held in his public wallet had reached $534 million, exceeding the value of his TRX assets ($519 million). -Original

6. JPMorgan states Bitcoin is more attractive than gold, with significant upside potential after deleveraging

JPMorgan stated that Bitcoin has significant upside potential after undergoing major deleveraging and believes Bitcoin is more attractive compared to gold. -Original

7. Circle mints 750 million USDC on the Solana network, totaling 5.25 billion USDC minted

On November 7, Circle minted 750 million USDC on the Solana network. Monitoring data shows that since October 11, Circle has minted a total of 5.25 billion USDC on the Solana network. -Original

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