Kalshi is continuously expanding its leading position in the prediction market through strong media partnerships. Although competitor Polymarket has confirmed its imminent return to the US market, Kalshi’s recent moves have further solidified its industry advantage. Yesterday, CNBC announced that starting in 2026, it will fully integrate Kalshi’s real-time prediction data across its television and online platforms. Core programs such as "Squawk Box" and "Fast Money" will feature Kalshi’s event probability analyses, which will also be displayed in the news ticker. In addition, Kalshi will have a dedicated market data page on the CNBC website. CNBC President KC Sullivan stated that prediction markets are changing the way investors and business leaders make decisions, and Kalshi’s data will greatly enhance the depth and explanatory power of financial reporting.

Thai authorities raided seven suspected hideouts supporting Myanmar-based transnational scam syndicates, seizing Bitcoin mining equipment and power supplies valued at $8.6 million. These devices were linked to financial transactions totaling over $143 million.

The BONK team has announced a comprehensive overhaul of its platform fee structure, aiming to significantly increase the amount of DAT tokens purchased by Bonk Holdings Inc. (BNKK) and thereby expand its long-term holdings. This move is seen as a key step forward for the BONK ecosystem in terms of governance and asset accumulation. According to Bonk.fun, effective immediately, 51% of all platform fees collected will be used to support BNKK in purchasing DAT tokens—a dramatic increase from the previous allocation of just 10%. To achieve this, the platform has reallocated 35% of funds previously used for "buy and burn," as well as resources from SBR and BONK rewards, while keeping the community budget unchanged. The team emphasized that although the use of fees is changing, the overall buy pressure on BONK will not be reduced.

PANews, December 4—Following its previous $12 million subscription for 20 million GNK tokens, Bitfury has announced an official increase in its overall strategic investment in Gonka to $50 million, making it one of the key pillars of this decentralized AI computing power network. The committed $50 million will be used to accelerate the development of the Gonka protocol and ecosystem, promoting the expansion and global adoption of its efficient GPU network infrastructure. The Gonka team pointed out that the network uses a PoW (Proof-of-Work) model tailored for real AI inference/training tasks, allowing contributors ranging from single-card GPUs to large data centers to directly participate in computing power sharing without the need for traditional cloud service providers or centralized computing providers. Since its official launch in August 2025, Gonka’s distributed

As the scale of mining in the crypto industry continues to shrink, Bitcoin miner and power supplier Greenidge Generation is accelerating the adjustment of its asset structure, announcing the sale of its remaining land and future 60 megawatt (MW) power service rights in Spartanburg, South Carolina. According to documents filed on Tuesday, the company is selling two parcels totaling 152 acres to a subsidiary of real estate investment giant Lightstone Group, and is also transferring the 60MW "initial load" power allocation rights for the site. The related power is expected to come online in September 2026.

The latest data from Bitwise shows that Ethereum treasury transactions are experiencing a sharp decline. In November, digital asset treasury companies purchased only 370,000 ETH, a drop of about 81% compared to 1.97 million ETH in August, signaling that the current "altcoin season" is gradually coming to an end. Bitwise senior researcher Max Shannon pointed out that this trend is similar to previous cycles: as alternative assets increase, it becomes more difficult for the same capital pool to meet demand. In July of this year, the Ethereum treasury market heated up rapidly, with multiple companies emulating Bitcoin treasury strategies for acquisitions. Among them, Bitmine, led by Wall Street strategist Tom Lee, continued to dominate the market, holding more Ethereum than the combined total of the other 68 treasury companies, making it the largest Ethereum-holding enterprise. Meanwhile, the purchasing power of smaller treasury participants declined, premiums were compressed, and they faced elimination pressure, leading to an intensified trend toward market concentration.

According to Gate News Bot on December 3, citing CoinMarketCap data, as of press time, HBAR (Hedera) is trading at $0.15, up 12.87% in the past 24 hours, reaching a high of $0.15 and a low of $0.13. The current market capitalization is approximately $6.318 billion, an increase of $720 million from yesterday. Hedera is a public network governed by a council of leading global institutions, dedicated to providing a fast, secure, and compliant infrastructure for decentralized applications. Hedera leverages innovative hashgraph consensus technology to power decentralized apps without compromising speed, efficiency, or security. As the only public network managed by known organizations, Hedera's unique governance framework offers robust decentralization, unparalleled transparency, and trusted decision-making. HBAR recently...

Golden Finance reported that Amazon Web Services has publicly launched its custom artificial intelligence chip, Trainium3. The company stated that the chip's computing speed is four times that of the previous generation of AI chips. Compared to systems using equivalent GPUs, the Trainium3, produced by AWS's Annapurna Labs custom chip design business, can drop the cost of training and operating AI models by up to 50%. These chips are designed to provide more powerful computing power for software developers like Dean Litesdorf, co-founder and CEO of AI video startup Decart. Litesdorf said that after testing several competing chips, including those from NVIDIA, his company made breakthroughs on Trainium3. The launch of Trainium3 is the latest offensive against NVIDIA, which dominates the GPU market, with an increasing number of people.

Odaily News Decentralization GPU cloud computing platform Aethir officially announced its strategic roadmap for the next 12 months, focusing on global GPU infrastructure expansion, chain migration, strategic computing power reserve (SCR) implementation, developer ecosystem upgrades, and institutional-level computing power access, among other directions. The roadmap highlights include: Q4 2025: Expanding GPU inventory (H200/B200/B300), promoting more enterprise computing power contracts, and releasing RWA financial solutions and the 2025 annual review. Q1 2026: Launching Aethir v2 Mainnet, Proof-of-Compute upgrade, ATH Vault enhancement, Cloud Credits API release, and officially completing chain migration. Q2 2026: Strategic computing power reserve welcomes opportunities.

Bitcoin mining and renewable energy innovation take a new step forward. Canaan announced a collaboration with SynVista Energy to jointly develop an AI-driven platform that matches Bitcoin mining with surplus renewable energy electricity, and tokenizes energy, carbon reduction, and mining profits on-chain. The platform utilizes an AI scheduling engine to dynamically adjust computing power demands based on real-time fluctuations in renewable energy generation, thereby maximizing the utilization of green energy while avoiding grid pressure. Canaan stated that this adaptive system can channel surplus or idle energy into mining, addressing the waste problem caused by fluctuations in renewable energy generation.

At the beginning of December, a Bitcoin miner wallet that had been dormant for over 15 years was awakened under record mining pressure, transferring 50 Bitcoins to an external Address, valued at approximately 4.33 million dollars. The on-chain tracking platform Lookonchain confirmed that the wallet belonged to the "Satoshi Nakamoto era," and this transfer became one of the oldest Bitcoin movements in recent years. Data from miner reserves shows that Bitcoin miners have sold approximately 300,000 Bitcoins over the past two years, with miner reserves continuously declining, reflecting ongoing selling pressure in the market. Mining difficulty has risen to a historical high of 149.30 trillion hashes, and revenue from computing power has decreased from about $55/PH/s in Q3 2025 to $35/PH/s in November, below the average cost of major mining companies at $44/PH/s. Even with the latest generation of mining machines, the payback period exceeds 1000 days, far surpassing the countdown to the next Bitcoin halving.

BitMine Immersion Technologies has accumulated a total of 23,773 Ether over the past three days, worth approximately $70 million, further solidifying its position as the largest enterprise-level ETH holder in the market. This round of operations includes the purchase of 7,080 ETH yesterday and an additional 16,693 ETH bought over the weekend, bringing its total open interest to over 3.7 million, accounting for more than 3% of the total supply of Ethereum. According to Lookonchain's on-chain tracking data, BitMine has recently been continuously increasing its holdings through FalconX, and the buying power for Ethereum has been particularly prominent during the recent turbulent market conditions. The company has previously stated that its long-term goal is to hold 5% of the total supply of Ethereum, and it has currently achieved about 63%. In just November, BitMine accumulated nearly 150,000 ETH in the face of continuous price corrections, demonstrating a long-term optimism for this asset.

Canaan Technology has partnered with SynVista Energy to develop a Bitcoin mining platform that can dynamically adjust based on renewable energy, utilizing an AI scheduling system to enhance clean energy utilization and drop the impact on the power grid.

Odaily News Cango (NYSE: CANG) announced its unaudited financial report for the third quarter of 2025, with quarterly revenue reaching 224.6 million USD, a rise of 60.6% quarter-over-quarter, of which the Bitcoin mining business contributed 220.9 million USD. The company recorded an operating profit of 43.5 million USD, a net profit of 37.3 million USD, and an adjusted EBITDA of 80.1 million USD. The average computing power in the third quarter rose from 40.91 EH/s in July to 44.85 EH/s in September, and further increased to 46.09 EH/s in October; a total of 1930.8 coins were mined in the quarter.

Arca's Chief Investment Officer Jeff Dorman stated that the current big dump in the crypto assets market is "the strangest selling wave in history." Despite multiple favourable information factors, the market still lacks buying power, native investors are exhausted, and new funds have failed to get on board, leading to a continuous fall in prices.

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 29, as the United States intensified pressure to ensure a peace protocol regarding the nearly four-year-long Russia-Ukraine conflict, Russia and Ukraine launched airstrikes against each other overnight, with one missile targeting Kyiv and a Russian oil refinery catching fire. Kyiv's mayor Vitali Klitschko stated that the large-scale attacks on the Ukrainian capital resulted in two deaths and at least 29 injuries, with 19 people hospitalized. The city's air defense alarms lasted for 12 hours, leaving 500,000 people without power on Saturday morning. Meanwhile, the Krasnodar region on Russia's Black Sea coast was subjected to drone strikes, causing a fire at the Afipsky refinery and damaging unspecified technical equipment. (Jin10)

Odaily News According to Lookonchain monitoring, Circle has just minted another 500 million USDC. The data shows that since the market adjustment on October 11, the two major stablecoin issuers, Tether and Circle, have collectively minted stablecoins worth a total of 18.25 billion USD. Large-scale stablecoin minting is often interpreted by the market as a potential signal of capital inflow or increased purchasing power.

TSMC recently confirmed that its Fab 21 factory in Arizona experienced production disruptions in late September due to a power outage from a supplier. According to insider Tim Culpan, the outage forced the factory to scrap some wafers, but TSMC has not disclosed the specific number of losses or economic impact. A TSMC representative confirmed to Tom's Hardware that the power outage did occur but did not confirm whether it resulted in wafer losses. The power outage originated from the UK industrial gas supplier Linde, which is responsible for supplying critical materials to Fab 21. Although the Fab 21 plant itself did not experience a power cut (equipped with backup generators), the disruption in the supply of critical materials forced the plant to halt production for several hours and caused potential losses. TSMC in the US must rely on external suppliers to manage gas infrastructure, while in Taiwan it is managed internally, making Fab 21 more susceptible to supply chain disruptions.

Since November 21, XRP has risen nearly 26%, but the price is hovering in a key range, with a relatively mild pump. Recently, buying pressure on the exchange has surged, while the price fall has failed to break through the support level, indicating limited selling momentum. XRP is still below the key resistance level since mid-November. If it breaks through that resistance level, the trend may reverse. The price is currently fluctuating within a descending wedge, which is usually a bullish signal. Once the buying power strengthens, the price is expected to break upward. Since November 25, the lower boundary of $2.14 has absorbed all selling attempts, and even with the 100-day and 200-day EMA completing a death cross, the price has not fallen below the support.

According to ChainCatcher news, a recent research report by CryptoQuant indicates that the total supply of ERC20 stablecoins has surpassed $160 billion in 2025, reaching a historical high, which is considered a key indicator for predicting Bitcoin price movement. The research points out that compared to the global M2 Money Supply, the supply of stablecoins shows a more significant correlation with Bitcoin price movement. The report analyzes that stablecoins, as the main source of liquidity in the crypto market, can reflect the flow of investor funds more quickly and directly, and their supply growth often precedes the rise in Bitcoin prices. During the bull run in 2021 and the market recovery in 2024-2025, the growth of stablecoin supply clearly preceded the rise in Bitcoin prices. The CryptoQuant research team states that the current supply of stablecoins is at a historical high, indicating the underlying purchasing power of the market.

Odaily News Polygon's Global Head of Payments and RWA Aishwary Gupta believes that global stablecoins are entering a "Supercycle," with the number of stablecoin issuers potentially exceeding 100,000 in the next five years. Gupta pointed out that Japan is participating in government bonds and policy stimulus pilots through stablecoins like JPYC, demonstrating that stablecoins can become tools of national economic sovereignty rather than undermining Central Bank power. He stated that stablecoins, like fiat, are affected by monetary policy and essentially enhance the global demand for a country's currency, similar to how stablecoins drive the use of the US dollar. Gupta also warned that stablecoin yields are attracting low-interest deposits (CASA) in the banking system to flow on-chain, weakening banks' ability to create credit and maintain low-cost capital. To respond to competition, he expects banks to issue "deposit tokens" on a large scale to retain funds within their own assets.

Members of the State Duma of Russia proposed at the forum to implement amnesty for encryption miners using illegal imported equipment, aiming to legalize 60% of underground miners to increase sign up rates and tax revenue, while alleviating power supply tensions and enforcement pressures.

Golden Finance reports that the global leading encryption mining company Bitfury Group has recently completed a strategic investment of $12 million in the decentralized AI computing network Gonka.ai, subscribing to 20 million GNK tokens at a price of $0.6 per token. Gonka.ai was founded by serial entrepreneurs the Liberman brothers, aiming to build a blockchain-based distributed GPU computing power market. This investment is Bitfury's first public investment after establishing a $1 billion ethical AI fund, signaling that traditional mining companies are systematically laying out the decentralized AI infrastructure track. According to previous reports, Gonka completed a $18 million financing in 2023, with investors including OpenAI investor Coatue Management, Solana investor Slow Ventures, K5, Insight and

Hong Kong Xiaofei Asset Management Co., Ltd. urgently donated $100,000 to support the community affected by the Tai Po fire, reflecting corporate social responsibility. The donation will be distributed to affected families and rescue personnel through the Hong Kong Youth Student Power Fund, while also innovatively launching channels for donations in both traditional and virtual assets.

Tether Holdings Ltd. announced that it will cease operations in Uruguay, laying off 30 employees due to the project's current economic infeasibility. The company had planned to invest $500 million in building data centers and renewable energy facilities, and has already invested over $100 million. However, due to high transmission costs, Tether hopes to amend its power procurement contracts to drop operational costs.

Tether CEO Paolo Ardoino scoffed at the latest rating from S&P, stating that its traditional rating system leads investors to failure and questioning the independence of rating agencies. He emphasized that Tether has become a highly profitable company with over-capitalization and non-toxic assets, showing that the fragility of the old financial system makes those in power uneasy.

HSBC analysis predicts that OpenAI will struggle to become profitable before 2030 and will require an additional $207 billion in funding to support its expansion, despite the expectation that annual revenue will exceed $213 billion before 2030. The report notes that infrastructure costs will far exceed cash generation capabilities, facing multiple challenges.

Jinse Finance reported that HIVE Digital Technologies has launched a stock sale plan at market value of up to $300 million to enhance funding flexibility and accelerate its transition to the AI and high-performance computing sectors. The company recently purchased land in Canada to build a data center capable of accommodating over 25,000 GPUs, with its "dual-engine" model leveraging Bitcoin mining revenue to drive computing power infrastructure expansion. Revenue in the latest quarter increased by 285% year-on-year, while Bitcoin production rose by 77% quarter-on-quarter.

The AIOZ AI ecosystem based on DePIN is building a full-stack decentralized artificial intelligence infrastructure aimed at giving developers, researchers, and technical teams better control over their AI assets. AIOZ Network founder and CEO Erman Tjiputra stated that traditional AI models are often developed in opaque environments, lacking transparency, while AIOZ AI's distributed approach offers "more efficient, more secure, and more accessible" AI computing. Through AIOZ AI, users can upload datasets and train models, and can also earn token rewards based on model performance and usage by others. All of this is supported by the decentralized physical infrastructure network (DePIN) of AIOZ Network, with over 300,000 devices contributing idle computing power for AI computing, decentralized storage, and content distribution.

PANews November 26 news, analyst Murphy pointed out that based on current data observations, it is not difficult for BTC to return to $90,000, as $90,000 is not a strong resistance level. The average cost of short-term holders shows that BTC may only encounter significant selling pressure when entering the range of $92,000 to $99,000. At the same time, data from the options market shows that the Call activity at the $92,000 strike price is significantly higher than at $90,000, especially the selling Calls at $92,000 far exceed those at $90,000, which will lead to the formation of strong resistance in the market. Murphy emphasized that the key battle for BTC above $92,000 is the core area that determines the trend, especially close to the $98,000 position, which is the "fair price" line for BTC over the past decade. However, recent market confidence has been undermined due to a large amount of realized losses, making it difficult to form effective buying power in the short term. The future trend of BTC still needs to pay attention to market sentiment and resistance.

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.

Bitcoin mining has entered the weakest profitability period in history, with Computing Power prices falling from an average of about $55/PH/s in the third quarter to below about $35/PH/s in November. The network Mining Difficulty has reached a new high of over 1.1 ZH/s, while recent market adjustments have pushed the payback period for new hardware investments to over 1200 days—far exceeding the time until the next Halving.

Gate News Bot news, on November 25, according to CoinMarketCap data, as of the time of publication, CHILLGUY (Just a chill guy) is currently priced at $0.02, with a rise of 21.20% in the last 24 hours, reaching a high of $0.02 and a low of $0.02. The current market capitalization is approximately $19.7 million, an increase of $3.45 million compared to yesterday. Currently, CHILLGUY ranks 748th in the global Crypto Assets market capitalization. Chill Guy is a meme character that embodies a relaxed atmosphere, known for staying calm, casual, and "low-key". The mission of the project is to spread the art of staying calm in a chaotic world. Through the Chill Guy movement, it helps people discover the power of mindfulness, find inner peace, and learn to take life easy. The project slogan is "No pressure, only fun".

Bitcoin mining is facing profit pressure due to a record high in computing power and a price fall, leading mining companies to approach breakeven. The recoup investment period for mining rigs has extended to over 1200 days, with financing costs rising. Despite mining companies turning to AI and high-performance computing, revenue growth remains limited. JPMorgan has raised target prices for some mining companies, driving stock prices to rise.

BlockBeats news, on November 25, "Fed mouthpiece" Nick Timiraos posted on social media that the next Fed meeting can likely be summarized by "WWJD" (What Will Jerome Decide), indicating that the final decision-making power is more firmly in Powell's hands than ever before. Allies have paved the way for Powell, and if he is willing, he can push for a rate cut—then signal that further cuts are unlikely under the current circumstances.

Google's parent company Alphabet is in talks with companies like Meta to open up the rights to use its self-developed Tensor AI chips, expanding competition with Nvidia. Meta is considering purchasing Google's TPU chips and renting Computing Power, which could pressure Nvidia and AMD.

According to ChainCatcher news and Maryland HODL analysis, a power struggle over the monetary system is unfolding in the United States. The Trump administration is quietly pushing for the transfer of currency issuance authority from the Fed back to the Treasury, using stablecoins and Bitcoin reserves to establish a new digital dollar framework. As the core of the old system, JPMorgan is retaliating through shorting MicroStrategy (MSTR) and creating liquidity bottlenecks. MSTR has become a key bridge connecting traditional capital and Bitcoin architecture. The Trump team urgently needs to gain control of Fed governance before the Federal Reserve Board vote in February 2025, or they will miss the historical window to restructure the monetary system. This is not just a financial or political issue, but the largest transfer of monetary sovereignty since 1913.

Golden Finance reported that a retail investor miner using Solo CKpool with a computing power of only 6 TH/s accidentally mined a block, earning about $265,000 in Bitcoin rewards. Based on the total network computing power, the daily block generation probability is only about 1 in 180 million. This is the first successful CKpool block in the past three months, and it is the 308th since the software was launched in 2014.

Gate News Bot message, on November 21, according to CoinMarketCap data, ALCH (Alchemist AI) is currently priced at $0.17, with a 7.02% fall in the last 24 hours, reaching a high of $0.23 and a low of $0.08. The current market capitalization is approximately $146 million, a decrease of about $11.0407 million compared to yesterday. Important news about ALCH recently: 1️⃣ **Market sentiment fluctuations trigger short-term adjustments** ALCH has experienced significant price fluctuations in the past 24 hours, with a difference of 187.5% between the highest and lowest prices. This sharp price volatility reflects a divergence in market participants' views on the ALCH project, which may lead to frequent shifts in the balance of power between buyers and sellers in the short term. 2️⃣ **The fall in market capitalization affects investor confidence

Odaily News The decentralized AI computing power network Gonka recently announced the latest network operation data: the total computing power has surpassed the equivalent of 5000 H100 units, capable of supporting the training of large models at the scale of tens of billions and large-scale inference services globally. As the supply of computing power continues to grow, the current average daily rewards for each H100 in the network are about 106.69 GNK. Gonka also supports nearly 20 mainstream AI devices, including 3080, 4090, H100, H200, B200, and L20X, providing highly compatible mining capabilities for global users. The Gonka network adopts a community-driven decentralized architecture, distributing GNK incentives to computing power contributors through an on-chain verifiable consensus mechanism. Its goal is to build a global, transparent, trustworthy, and auditable open AI computing infrastructure for AI.

Gate News Bot message, November 20, according to CoinMarketCap data, as of the time of publication, STRK(Starknet) is currently priced at $0.27, rising 23.91% in the last 24 hours, with a high of $0.27 and a low of $0.13. The current market capitalization is approximately $1.214 billion, an increase of $234 million compared to yesterday. Starknet is the DeFi layer for Bitcoin, supported by ZK technology. It leverages the power of STARK technology to ensure computational integrity, verifying off-chain transactions through advanced mathematics and cryptography, overcoming Ethereum's scalability limitations. Starknet is a validity rollup, providing infinite scalability while retaining Ethereum's security and decentralization. Important news about STRK recently: 1️⃣ **Gate launched the STRK staking quick redemption function

Gate News Bot message, as of November 20, according to CoinMarketCap, the current price of PI (Pi) is $0.24, which has risen by 5.08% in the last 24 hours, reaching a high of $0.24 and a low of $0.21. The current market capitalization is approximately $1.988 billion, an increase of $96.1 million compared to yesterday. Pi is a digital currency that can be mined on mobile phones. Through breakthrough technology, users can mine Pi on their phones without consuming power. Pi aims to become a decentralized, secure, tamper-proof, and interoperable digital currency that is friendly to both users and the planet, easy to use, and secure at scale. Recent important news about PI: 1️⃣ **EU MiCA compliance applications boost market confidence** Pi Network has officially submitted to the EU's regulation on crypto asset markets (Mi

Former U.S. Secretary of Commerce Raimondo stated that Trump's tariff policy may continue to exist, as politicians are concerned that canceling it would offend workers. Regardless of which party is in power, the political cost of revoking tariffs is too high and is even more sensitive in the context of artificial intelligence. Goldman Sachs President Waldron also mentioned that the future labor environment will be more complex.

BlockBeats news, on November 19, the American monetary system is facing a new round of political turmoil. The confrontation between Trump and the Fed has escalated from a war of words to a substantive power struggle, as he attempts to dismiss Governor Cook and insert economic advisor Milan into the FOMC, aiming to create a "super majority" that supports significant interest rate cuts. Several economists have modeled that if monetary policy falls under political control, the U.S. will first experience a brief prosperity characterized by growth and low unemployment, followed by structural consequences of accelerating inflation, rising nominal interest rates, and slowing economic growth, with the risk of stagflation from the 1970s re-emerging. Analysis also points out that politicians often closely bind interest rate decisions to election cycles; while short-term stimulus can create superficial prosperity, the cost is uncontrollable inflation and subsequent deep adjustments. If Trump successfully reshapes the board before 2026, the independence of the Fed could be eroded, jeopardizing the dollar's reserve status and long-term borrowing.

Golden Finance reports that Fed Governor Barr warned that weakening the Federal Reserve's regulatory power could lead to the accumulation of "real risks" within the banking system, and that these risks could lay the groundwork for a crisis over the long term. Barr stated that regulatory work relies on a reliable rating framework, forward-looking regulatory measures, and a highly skilled workforce. He added that measures such as "reducing the scope of examiner coverage, weakening the rating system, and redefining the 'unsafe and unsound' business standards long adhered to by the banking industry" would make it difficult for examiners to take action before it is too late.

BlockBeats news, on November 18, Microsoft, Nvidia, and Anthropic reported a partnership. Anthropic has committed to spending $30 billion to purchase Azure computing power. Microsoft has promised to invest up to $5 billion in Anthropic. Nvidia stated that Microsoft and Anthropic are also expanding their existing partnership to provide broader access to Claude for enterprises. (Jin10)

Bitcoin hash price has dropped to a five-year low, now at 38.2 USD PH/s, affected by network difficulty, Bitcoin price, and transaction fees. Despite the decline in hash price, Bitcoin computing power and network difficulty remain high, while transaction fees are at a low level.