According to ChainCatcher news, the Trump family's encryption project "World Liberty Financial" partner WLFI Reserve Company ALT5 Sigma stated in documents submitted to the SEC that its CEO was officially suspended on October 16, but internal emails show that the company's board had actually placed him on "temporary leave" as early as September 4. Several securities regulation experts indicated that this significant time difference may have violated information disclosure rules. The enclosed email also revealed that the Chief Revenue Officer Vay Tham was simultaneously placed on leave, as the board's special committee is investigating "certain matters related to the company." According to SEC regulations, listed companies must disclose when executives actually cease to perform their duties.

Odaily News CZ posted on the X platform, stating: "I may have played some role in the Bridgewater founder Ray Dalio's allocation to Bitcoin, and of course, in exchange, I have also learned from him." Previously, it was reported that Ray Dalio disclosed that he has long held a small amount of Bitcoin, which has consistently accounted for about 1% of his investment portfolio.

Odaily News Strategy founder and executive chairman Michael Saylor has once again posted on the X platform in response to the market fall, stating: "Endure". Previously, Michael Saylor also posted saying "They will say we were lucky," implying that the current market low may be a buying opportunity.

The Fed Vice Chairman Jefferson believes that the development of artificial intelligence is significantly different from the internet bubble of the late 1990s, and that the current valuations of AI companies are lower than the peak values of internet companies at that time. He pointed out that it is still too early to judge the impact of AI on monetary policy, and that the financial system remains robust.

PANews, November 21 news, according to Jin10 reports, The Federal Reserve Board of Governors member Milan: I think the CPI data will only be released after the next FOMC meeting.

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.

Golden Finance reports that Fed official Collins has hinted that it is "appropriate" to keep interest rates unchanged for now, given that inflation may remain elevated for some time.

Odaily News The Fed's Williams stated that fiscal policy may have pushed the neutral interest rate up by 25 to 50 basis points, and from a global perspective, the U.S. remains in a low neutral interest rate environment. (Jin10)

Odaily News As Powell's four-year term is set to end in May next year—just six months away—the search for the next Fed chair is in full swing, with five candidates currently vying for what could be the most significant position in the U.S. economy. Powell has endured months of relentless attacks from Trump. Trump has consistently called for a drop in interest rates and has tried to reshape the Fed into a subservient institution. This week, Trump reiterated his desire to fire Powell, stating he 'really wants to get rid of him.' The next Fed chair may need to arm themselves to resist Trump's scorched-earth policy approach—unless that person is Hassett. Hassett has already hinted that he would support Trump's desire for a massive rate cut. (Jin10)

BlockBeats news, on November 21, New York Fed President Williams: Given that current policies are somewhat tight, the Fed may still cut interest rates in the short term. The inflation process is stagnant, but it is expected to reach the 2% target by 2027.

The White House is preparing to respond to potential personnel changes by Trump after the anniversary of his term, which may affect the stability of the cabinet, particularly with possible adjustments in the Department of Homeland Security and the Department of Energy. The White House Press Secretary stated that there will be no changes in the cabinet.

CryptoQuant CEO Ki Young Ju analyzed the market's weakness and predicted that Bitcoin might struggle to rebound in the next 3-6 months, with a real bull run awaiting liquidity recovery next year. He also mentioned that the foreign demand for U.S. Treasury bonds is weakening, and insufficient liquidity will lead to instability in the bond market, with scarce assets like gold and Bitcoin expected to rise in price.

Bitcoin plummeted to $81,900 on Friday, erasing Thursday's rebound and further extending a month-long dumping spree, with the crypto assets market capitalization evaporating by over $1.4 trillion. Bitcoin's current trading price is more than 30% lower than its historic peak in October, while the entire crypto assets market capitalization has also fallen below $3 trillion. Analysts say that the situation of the market big dump may further worsen. Citrini Research warned in a report sent to investors that risk aversion will continue to impact Crypto Assets and other speculative assets until mid-December. This is because investors are still coping with the effects of the longest government shutdown in U.S. history, which could 'trigger' market volatility. Kiln Research Director Robert Le stated, "If Bitcoin deviates from its established trend, I think the market may underestimate its upside potential and downside risks."

According to a report by the Korean Broadcasting Company (KBC), a loan manager at Gwangju Bank in South Korea embezzled $724,620 from the bank and used it for Crypto Assets investment. The bank stated that the unnamed manager stole the funds between May and November 2023, but the disappearance of the funds was only discovered in the second half of this year. A spokesperson for Gwangju Bank stated: "During a recent review of the historical data on project financing loan interest, we discovered this embezzlement case. We will decide on the extent of disciplinary action to be taken after completing the internal audit." The spokesperson mentioned that the employee has repaid the bank $105,581.

Timothy Misir, the research director of BRN, stated that the big dump in the crypto market on Friday pushed the fear and greed index to 11, indicating "extreme fear" in the market. Misir pointed out that as the market capitalization of the entire crypto assets dropped to its lowest point since the second quarter of 2025, liquidity "has almost completely disappeared." After Bitcoin fell below the average of active investors, the market focus shifted to the real market average of $81,900—this is a long-term cost basis accumulation point that he describes as "the next important threshold before a full confirmation of the bear market."

PANews November 21 news, according to Cryptopolitan, global securities index issuer MSCI is considering establishing a rule that may exclude companies with a proportion of digital assets exceeding 50% in their balance sheets from its main indices.

On Friday, Bitcoin briefly fell by 6.4% to $81,629. Ethereum, the second largest by market capitalization, dropped by 7.6%, falling below $2,700, and many other smaller tokens also experienced similar declines. European stock markets also generally fell, highlighting the market's risk aversion sentiment. This also means that Bitcoin is heading towards its worst monthly performance since a series of company bankruptcies severely impacted the entire encryption industry in 2022. Data shows that in November, the price of Bitcoin has fallen by about a quarter, marking the largest monthly decline since June 2022. In May of that year, Do Kwon's TerraUSD stablecoin project collapsed, triggering a series of company bankruptcies, ultimately leading to the collapse of Sam Bankman-Fried's FTX exchange.

MicroStrategy (formerly known as MicroStrategy) announced this morning that its reserve of 649,870 Bitcoins, based on the current BTC price, is enough to cover 71 years of dividends, "and any rise in the Bitcoin price exceeding 1.41% per year will completely offset our annual dividend expenses." However, despite having such a strong "balance sheet", the S&P 500 index has refused to include it, and now MSCI may also kick Strategy out of the main index. Once the dust settles, the crypto industry could lose billions of dollars in funding.

PANews News on November 21, Bitcoin is approaching the "maximum pain" zone. The head of research at Bitwise pointed out that $84,000 to $73,000 is the possible "maximum pain" selling range, which includes BlackRock's IBIT cost price of $84,000 and Strategy's BTC cost price of $73,000. He believes the ultimate bottom is likely to appear between these two prices and describes these prices as "close all positions price", similar to a reset for the entire cycle. IBIT had a daily outflow of $523 million this week, with a total outflow of $3.3 billion over the past month, accounting for 3.5% of the total assets under management. The net asset value of the Strategy has fallen below 1, and if the price retests the cost price of $73,000, it may further exacerbate market sentiment tension. In addition, the uncertainty about whether the Federal Reserve will lower interest rates in December has increased, and market liquidity may continue to tighten. Despite such

BlockBeats news, on November 21, according to Onchain Lens monitoring, the market is extremely bearish, and Abraxas Capital holds short positions in its 2 wallets, currently with a floating profit of 76.83 million USD. Abraxas Capital has accumulated profits of over 269.13 million USD through its short positions. However, some analysis pointed out that the related addresses may be hedging their spot holdings.

The global Crypto Assets industry is on high alert, preparing to face potential turmoil. Major index provider MSCI is weighing whether to exclude companies that hold significant digital assets from its flagship stock benchmark index. Analysts warn that this move could lead to billions of dollars in passive fund outflows early next year. This discussion began in October and has now become more urgent. Previously, MSCI confirmed that it is consulting the investment community on whether companies holding more than 50% Bitcoin or other Crypto Assets on their balance sheets should continue to meet the inclusion criteria.

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

Golden Finance reports that Yi Lihua, founder of LiquidCapital (formerly LDCapital), stated on social media: Currently, the situation in the US stock market is not optimistic, and the weekly chart for the US stocks looks very bad, coupled with the changing expectations for interest rate cuts in December. Of course, the good news is that the US will start point shaving in December, and Japan has already started point shaving today, as well as the crypto world market often bottoms out in advance, the biggest divergence point may appear. Investing and trading are the hardest things, and it is important to work hard to control greed and fear.

Gate News Bot news, on November 21, according to CoinMarketCap data, ZK (ZKsync) is currently priced at 0.04 USD, having fallen by 15.46% in the last 24 hours, with a high of 0.06 USD and a low of 0.04 USD. The current market capitalization is approximately 393 million USD, a decrease of about 71.93 million USD from yesterday. Important news about ZK recently: 1️⃣ **Large Token Unlocking Triggers Market Fluctuations** At 4 PM Beijing time on November 17, ZKsync (ZK) unlocked approximately 173 million tokens, accounting for 3.37% of the current circulation, worth about 9 million USD. This large-scale unlocking event may lead to an increase in market supply in the short term, which is one of the main reasons for the fall in ZK prices. 2️⃣ **ZK Nation community proposal to upgrade token

U.S. Treasury Secretary Scott Bessent recently made an unexpected appearance at the opening event of the Bitcoin-themed bar Pubkey DC in Washington, which has attracted widespread follow in the encryption industry. Industry insiders generally interpret this as a symbolic signal of increased visibility for Bitcoin at the policy level, but there are also views that caution that the short-term price impact may be limited. Since taking office, Bessent has expressed support for digital asset innovation multiple times and has pushed for related legislation. His appearance at a Bitcoin bar is seen as a public demonstration of a pro-encryption stance, sparking heated discussions in the community about the possibility of "policy recognition" combined with Bitcoin culture.

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 ChainCatcher news and reports from Jin10, Vanguard, a global large asset management company, stated that due to the massive capital expenditure boom in the field of artificial intelligence driving the economy's sustained rise, the Fed's rate cut is expected to be much lower than Wall Street's current widespread expectations. Sara Devereux, head of fixed income, predicts that the Fed may cut rates one to two more times next year, a forecast that sharply contrasts with the market's general bet on three to four rate cuts by the end of 2026.

PANews, November 21 - According to The Wall Street Journal, sources say that Dark Side of the Moon is seeking a new round of financing, which could bring its valuation to around $4 billion. This new round of financing may be completed by the end of 2025, with existing investor Tencent also likely to participate, and IDG Capital may join as well. Dark Side of the Moon plans to seek an IPO in the second half of next year.

Ray Dalio stated that although there is a bubble in the stock market, investors should not be in a hurry to exit the artificial intelligence sector. He believes that the current conditions do not support bursting the bubble, and there may be significant rises in the future. He mentioned that Fed interest rate hikes or a wealth tax could trigger a dumping, but it is unlikely to happen in the short term.

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.

Goldman Sachs partner John Flaherty pointed out that after Nvidia's strong earnings report, the US stock market experienced significant fluctuations, with the S&P 500 index recording its largest intraday volatility, and market sentiment shifted towards risk aversion. Investors are focusing on hedging risks, with increased shorting activities; analysts believe the market may rebound in the short term.

Gate News Bot news, on November 21, according to CoinMarketCap data, ALLO (Allora) is currently priced at $0.19, rising 14.43% in the last 24 hours, with a peak of $0.27 and a low of $0.15. The 24-hour trading volume reached $166 million. The current market capitalization is approximately $38.4 million, an increase of $4.84 million compared to yesterday. ALLO is currently ranked 519th in the global Crypto Assets market capitalization. Important news about ALLO recently: 1️⃣ **Price rebound indicates improvement in market sentiment** ALLO has experienced a significant rebound of 14.43% in the last 24 hours after a substantial decline earlier, reaching a high of 0.27 USD. This price trend indicates that the market's view on ALLO may be improving, with an increase in buying demand. 2️

Investment bank Jefferies reports that the stablecoin Tether has become a significant buyer in the gold market, holding 116 tons of gold and becoming the world's largest non-sovereign holder of gold. With the rise of USDT, Tether may continue to increase its gold reserves.

Golden Finance reported that BitMine Chairman Tom Lee stated in an interview with CNBC that the current weak trend in the crypto market is highly similar to the big dump on October 10, when the largest liquidation in history was triggered due to stablecoin pricing errors, causing nearly 2 million accounts to be washed out and liquidity to be instantly depleted. Lee pointed out that such deleveraging cycles usually last about 8 weeks, and we are currently in the 6th week, indicating that the market may be nearing the end of its adjustment.

Alliance QwQiao reiterates its warning about the crypto market, predicting that the next Bear Market will be more severe than expected due to unidentified investors purchasing trading platforms and ETFs. He believes the market will experience a retracement of about 50%, and recovery will only occur after investors clear their positions.

Gate News Bot news, November 21, according to CoinMarketCap data, as of the time of this writing, ALT (Altlayer) is currently priced at $0.02, with a rise of 14.28% in the last 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $775,000, an increase of nearly $96,800 compared to yesterday. Recent important news about ALT: 1️⃣ **Price predictions draw market attention** Market analysts have predicted the price trend of ALT (Altlayer), attracting widespread attention from investors. These predictive analyses may have influenced investor confidence and market sentiment, partially explaining the recent rise in ALT's price. 2️⃣ **Demand for ALT to USD exchange increases** The exchange demand between ALT and the US dollar has seen a rise

The UK's Serious Fraud Office is investigating the now-defunct cryptocurrency project Basis Markets, which shut down after raising approximately $28 million at the end of 2021. During the investigation, two men have been arrested, and funds may have been transferred to anonymous Wallets. The BASIS Token fell nearly 40% following the news of the investigation.

BlockBeats news, on November 21, Alliance DAO co-founder QwQiao reiterated his view, "The next bear market (I don't know when it will come) will be worse than most people expect. Right now, there is a large group of 'dumb money' that knows nothing about encryption buying spot and ETF. Such a situation never ends well. The market may need another 50% depth retracement to 'wash out' the positions in these people's hands, so that the market can rebuild a solid foundation and continue its supercycle." Placeholder partner Chris Burniske also expressed a similar view, stating, "The dumping era of DAT has just begun. Just as it once rose all the way up, it will now fall all the way down."

JPMorgan pointed out that if MSCI removes the Bitcoin giant MicroStrategy, it could lead to a capital outflow of up to $2.8 billion, with total outflows from other indices such as Nasdaq and Russell potentially reaching $11.6 billion. Analysts believe that the decline in MSTR's stock price is mainly due to market concerns about its removal, rather than a drop in Bitcoin prices. MSCI is evaluating the exclusion of companies primarily holding Bitcoin as an asset, with a decision to be announced by January 15 next year.

PANews November 21 news, according to Reuters, Andrew Bailey, Chairman of the G20 Financial Stability Board (FSB), stated in a letter to G20 leaders that the rapid development of private credit markets and stablecoins urgently requires enhanced global regulatory cooperation. He warned that differences among countries in the regulation and prudential frameworks for stablecoins may increase systemic risks and called for the establishment of cross-border compliance mechanisms. At the same time, he emphasized that the slow progress of major economies in implementing the Basel III global banking capital standards should also be taken seriously.

According to a report by Jinse Finance, analysts at JPMorgan have indicated that retail investors sold approximately $4 billion worth of spot Bitcoin and Ethereum ETFs in November, which is a major driver of the recent adjustments in the crypto assets market. Meanwhile, retail investors are purchasing stock ETFs, increasing their holdings by about $96 billion this month, indicating that the crypto asset sell-off is not part of a broader risk-off sentiment.

The Argentine House of Representatives investigation committee released a report accusing President Milei of providing key collaboration for the Libra project, resulting in a loss of $107 million. The report associates KIP Protocol, suggesting that the government is evading regulation. Milei denies the accusations and is currently undergoing a judicial investigation with the founder of Libra.

According to ChainCatcher news, as reported by Jin10, NVIDIA (NVDA.O) released strong earnings results and confirmed that the economic foundation remains strong with the employment report, but the optimism in the US stock market failed to last. Traders pointed out that concerns over AI revenue and profits have resurfaced, and the fall of Crypto Assets to a low not seen since April has also affected the stock market. Chris Murphy, co-head of derivatives strategy at Susquehanna International, stated that investors are beginning to question the driving factors for year-end market movements, and CTA Positions remain fragile, which may trigger automatic Close Position mechanisms in quantitative funds, leading to additional dumping.

The Federal Reserve Board of Governors Cook warns that the complexity of leveraged companies in the financial sector is increasing, and it is necessary to monitor the unexpected losses from private credit on the financial system, especially the vulnerabilities that may arise from the expansion of hedge funds in the Treasury market. Despite the challenges, the financial system remains resilient.

Odaily News The Federal Reserve Board of Governors member Cook stated that the possibility of a significant fall in asset prices has increased, but this does not pose a risk to the financial system. The U.S. financial system is resilient. The application of generative artificial intelligence in trading raises concerns but may also bring benefits, which must be followed with caution. Private credit currently does not pose a threat to financial stability, but it is worth close attention. (Jin10)

PANews, November 20 news, according to Jin10 reports, institutional analysts evaluate the U.S. September non-farm: assessing the Fed's likelihood of a rate cut in December is very difficult. The market pricing is once again close to a 50% probability, and the beige book may become a deciding factor again, as there will be no new CPI or employment reports before the December meeting. For long-term interest rates, if the Fed guides the market's focus on a rate cut in January during the meeting, then the rate cut in December becomes irrelevant. Therefore, in my view, all the concerns surrounding whether to cut rates in December only matter to short-term interest rate traders.

According to ChainCatcher news and reported by Jin10, Fed's Hamak stated that the financial system is in good condition, and households' financial situations are also good. However, he pointed out that lowering interest rates for risk management may increase financial stability risks.

Odaily News Nasdaq-listed AVAX treasury company AVAX One announced that its board has approved a stock repurchase program of up to $40 million. This repurchase program will last for one year and may be executed from time to time through open market transactions or other methods permitted by applicable securities laws and regulations. The timing and amount of repurchases will depend on market conditions, regulatory requirements, capital allocation plans, and other company factors. (Prnewswire)

Odaily News Wall Street investment bank JPMorgan stated that the market performance of Bitcoin treasury company Strategy has been relatively poor recently, and the recent market decline has led to increasing concerns that index provider MSCI may remove the company from key stock indices on January 15, 2026. Analysts believe that if MSCI removes Strategy, it could further impact the crypto market and exacerbate fluctuations, while losing the status as a major index component will also damage Strategy's reputation and raise doubts in the market about its financing capabilities in the stock and bond markets. (CoinDesk)