Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

On November 25th, as per foreign media reports, Alphabet, the parent company of Google (GOOG.O), is engaged in negotiations with Meta (META.O) and other companies. It is planning to open up the usage rights of its self-developed Tensor AI chip to them, aiming to further expand the competitive landscape against NVIDIA (NVDA.O). In response to this news, Google and its AI chip partner Broadcom witnessed a rise in their share prices after hours, while NVIDIA and AMD's stock prices declined accordingly. Traditionally, Google only deployed its self-developed TPUs in its own data centers and rented out computing power to customers. However, local time on Monday night, The Information, a U.S. tech media, reported that Google is now making plans to directly sell TPU chips to customers for deployment in their own data centers. Meta is considering purchasing Google's TPU chips worth billions of dollars starting from 2027 for use in its data centers. It is also planning to start renting TPU comp

On November 25th, according to HTX market data, Bitcoin dropped below $88,000, and it had a 24-hour increase of 1.95%.

On November 25th, according to HTX market data, MON rose earlier today and reached $0.038 before falling back. Currently, it is trading at $0.0303. The corresponding fully diluted valuation (FDV) is $30.3 billion, indicating a 21.2% increase compared to the public sale price of $0.025.

On November 25th, as monitored by Onchain Lens, the "1011 Insider Whale" once more deposited 10 million USDC into Hyperliquid and initiated an ETH long position with a 5x leverage. Position: 15,000 ETH Entry Price: $2,946 Liquidation Price: $2,326.53 Position Value: $44.3 million

On November 25th, Federal Reserve Board Governor Waller expressed that he personally favors a rate cut at the December monetary policy meeting. Inflation has gone up, but he believes it will start to decline. January next year will be filled with challenges, with a large amount of data to be released one after another to determine whether another rate cut is necessary. Mary Daly, President of the Federal Reserve Bank of San Francisco and a FOMC voting member in 2027, stated that she supports a rate cut next month because she thinks the likelihood of a sudden deterioration in the labor market is greater than that of a sharp increase in inflation and is also more difficult to control. According to CME's "FedWatch," the probability of a 25-basis-point rate cut by the Federal Reserve in December has increased to 82.7%, while the probability of keeping rates unchanged is 17.3%. U.S. stocks closed on Monday. The Dow rose by 0.44%, the S&P 500 rose by 1.5%, and the Nasdaq rose by 2.69%. Bit

On November 25th, as per CoinDesk, the cryptocurrency wallet company Exodus Movement is set to acquire the parent company W3C Corp of the cryptocurrency card and payment companies Baanx and Monavate for $175 million. The deal is composed of the company's own cash and financing supplied by Galaxy Digital, with the financing being backed by the Bitcoin held by Exodus. Baanx and Monavate have been collaborating with institutions like Visa, Mastercard, and MetaMask, concentrating on developing cryptocurrency cards and user-custodied Web3 payment services. This acquisition will enable Exodus to become one of the few self-custody wallet providers capable of governing the end-to-end payment experience, ranging from the wallet to the card.