Coinbase Launches Coinbase Business in Singapore Targeting Startups and Small to Medium Enterprises

On November 12th, a strategist at Morgan Stanley pointed out that the crypto market has entered the "Autumn Phase" of the Bitcoin four-year cycle and advised investors to take profits before the potential "Winter" arrives. Denny Galindo noted that historical data indicates that Bitcoin's price cycle follows a stable "three steps forward, one step back" rhythm. Galindo suggested that investors lock in profits early to prepare for a possible crypto winter. "He said, 'We are currently in the fall. Autumn is the season of harvest, the time when you should take your gains. The only question is, how long can this 'autumn' last? When does the 'winter' begin?'" This "harvesting" metaphor shows that Wall Street executives have begun to view the rhythm of the Bitcoin market through a cyclical investment framework, similar to that of commodities or liquidity-driven macro cycles.

November 12th. Market risk sentiment has undergone a remarkable reversal. Michael Burry, the prototype figure from "The Big Short," and Jim Chanos, the legendary short seller who famously bet against Enron, have successively cautioned that the AI investment frenzy may be entering the late stage of a bubble. Both have pointed out that the substantial capital expenditures of large-cap tech companies on AI servers and chips will lead to depreciation pressure and overvaluation issues in the coming years. Goldman Sachs also issued a warning in a report that the current AI trading is repeating the prosperity turning point of the 1990s. For the crypto market, this reversal of fund sentiment signifies a new round of liquidity migration. As overvalued tech stocks face correction risks, some funds may take profits from the stock market and move to high-beta assets, with the crypto market becoming a natural alternative destination. BTC is forming a range between $102,000 and $108,000. If the US

November 12th. Nomura Securities now anticipates that the Federal Reserve will maintain the interest rate unchanged in December. It argues that although the government shutdown has affected the release of official data, recent indicators still demonstrate the resilience of the labor market. The bank stated in a report to clients that the unexpectedly tough tone of Federal Reserve Chairman Powell during the October press conference has strengthened the bank's view that the Fed may halt rate cuts after two consecutive cuts. A halt in rate cuts could reignite political pressure on the Federal Reserve. President Trump is expected to criticize this decision, claiming that it is an early restraint on economic growth as the election year approaches. (Jinshi P)

On November 12, according to an official announcement, upon recent reviews, Binance will remove the following trading pairs and stop trading: At 11:00 (UTC+8) on November 14, 2025: C/BNB, C/FDUSD, DOGE/TUSD, and NIL/BNB.

On November 12th, the economists Elsie Peng and Ronnie Walker of Goldman Sachs stated in a report: "The U.S. federal government shutdown has postponed the release of nearly all federal economic data for September and October. Although it seems that the government shutdown is coming to an end, the statistical agencies need time to handle the backlogged data." Goldman Sachs anticipates that assuming the U.S. government reopens by this weekend, the U.S. Bureau of Labor Statistics will release the latest October employment data at the beginning of next week (Tuesday or Wednesday), but the releases of other major data are expected to be postponed. Goldman Sachs stated that this indicates that the November employment report and inflation report may be "delayed by at least one week." (FXStreet)