Goldman Sachs: U.S. Treasury Expected to Lean Towards Increasing Short-Term Treasury Bill Auction Size
On November 6th, William Marshall and Bill Zu of Goldman Sachs stated that in the future, the increase in the auction size of US Treasury bonds may tend to be towards shorter-term bonds. They anticipate that the auction sizes of nominal 2-year, 3-year, 5-year, and 7-year bonds will continuously rise, while the increase for floating rate notes will be relatively smaller, and the auction sizes of 10-year, 20-year, and 30-year bonds will remain unchanged. They expect this trend to commence in November 2026.
They further stated: "Over a period of time, we anticipate that this will lead to a lowering of the weighted average maturity (WAM) and witness a steady growth in the proportion of short-term bonds." However, considering the Fed's expectation to purchase approximately 50% of the net short-term bond supply over the next two years, the proportion of short-term bonds held by the private sector may remain relatively steady. (FX678)
3 minutes ago
Binance Alpha will list Belong (LONG) with a Phase 1 airdrop threshold of 225 points.
November 6th. According to official information, Binance Alpha will be the first to list Belong (LONG), and trading on Alpha will begin on November 6, 2025, at 6:00 PM (UTC+8). After the start of trading, users with at least 225 Binance Alpha points can participate in a first-come, first-served airdrop of 175 LONG tokens. If the reward pool is not completely distributed in a short time, the points threshold will automatically decrease by 5 every 5 minutes. Claiming the airdrop will require 15 Binance Alpha points. Users must confirm their participation on the Alpha event page within 24 hours; otherwise, they will be regarded as having forfeited the airdrop eligibility.
3 minutes ago
Naval: Even if off-chain assets are wrapped onto the chain, they can only achieve minimal on-chain accounting convenience at most
On November 6th, the renowned angel investor Naval Ravikant in Silicon Valley expressed his views on X regarding "wrapping assets on Zcash, such as real estate and stocks." He stated, "Only by holding digital, on-chain assets can we truly have meaning. Even if off-chain assets are wrapped onto the chain, at most, they can only obtain some minor tracking or accounting convenience. That's all."
Naval is a well-known angel investor in Silicon Valley. He has invested in well-known tech companies like Twitter and Uber. He is also a successful entrepreneur who founded the equity crowdfunding platform AngelList and published the renowned book "The Navalmanac."
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CZ: Giggle Academy has currently provided free education to 70,000 children
On November 6th, the founder of Binance, CZ, posted on social media, saying, "The Web 3 educational platform, Giggle Academy, has now offered free education to 70,000 children. The new version is backward-compatible with iOS 15 in order to meet a broader user base."
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The U.S. Federal Government Shutdown enters its 37th day, surpassing the record for the longest shutdown in history
November 6th: With the official entry of the Eastern Time Zone of the United States into November 6th, the "shutdown" of the U.S. federal government entered its 37th day, setting a new record for the longest shutdown in history. Previously, the U.S. government experienced a 35-day shutdown from the end of 2018 to the beginning of 2019.
Earlier today, according to Polymarket data, the probability on the platform that the "U.S. government shutdown will end after November 16th" has risen sharply to 44%, indicating that the U.S. government is unlikely to "reopen" in the short term. Additionally, the probabilities of the shutdown ending from November 4th to 7th are currently 3%, from November 8th to 11th are 22%, and from November 12th to 15th are 30%.
3 minutes ago
The U.S. Court Rules FBI Not Responsible for Wiping Hard Drive Holding Potentially 3,400 Bitcoins
November 6th. Lately, the U.S. Court of Appeals made a ruling that the FBI is not liable for erasing a hard drive which might contain more than 3,400 bitcoins. This is because the convicted owner of the hard drive never informed the government of their ownership of the tokens. The key figure in this case, Prelim, had previously served a prison term for identity theft. After being released in July 2022, Prelim applied to the court to have the hard drive containing bitcoins returned. Nevertheless, the FBI had already erased it in accordance with their standard procedure. Prelim claimed that this action was illegal and appealed.
The judge finally stated that Prelim waited too long to file the appeal and their testimony was inconsistent, raising doubts about whether they really held bitcoins. Before reaching a plea agreement and serving a prison term in November 2019, Prelim had claimed to possess "about 3,500 bitcoins." However, after being incarcerated, Prelim changed their story. A fin
3 minutes ago
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