Federal Reserve Governor: Economy Needs Significant Rate Cut, Monetary Policy is Dragging Down the Economy

November 26. According to market information, Polymarket has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to modify its designated order, enabling it to enter the U.S. market through intermediaries.

Update: On November 25th, the Ethereum treasury management company SharpLink announced that 443 ETH in staking rewards were generated during the previous week. Since the implementation of this strategy on June 2nd, 2025, the cumulative amount of staking rewards has reached 7,846 ETH.

On November 25th, Coinbase announced in a blog post that the ASTER perpetual contract trading will become live on November 26, 2025. The ASTER-PERP market will commence on November 26th at 9:20 AM UTC or later, depending on whether the liquidity conditions are met and available in the supported trading regions. Retail traders can engage in perpetual contract trading through Coinbase Advanced in certain jurisdictions; institutional users can directly access perpetual contracts through the Coinbase International Exchange in eligible jurisdictions.

On November 25th, due to growing concerns regarding the labor market and the economy, the U.S. consumer confidence witnessed the largest decline in 7 months. The data released on Tuesday indicated that the U.S. Conference Board Consumer Confidence Index for November decreased by 6.8 points to 88.7, which was lower than economists' forecasts. Dana Peterson, the chief economist at the Conference Board, stated, "Consumers' written feedback on economic factors continuously mentioned prices and inflation, tariffs and trade, and politics. Additionally, they increasingly referred to the federal government shutdown. Mentions of the labor market have somewhat eased but still hold a prominent position among other high-frequency topics. The overall tone in November was slightly more negative than in October." (Golden Finance)

On November 25th, based on the data on the official website, the $500 million deposit limit of USDM on MegaETH has been completely depleted.

On November 25th, according to official information, MegaETH has declared an elevation of the USDm ceiling to 1 billion US dollars. The bridge is set to open at 0:00 Beijing time the following day. Nevertheless, it seems that the quota has been preemptively occupied. The team originally intended to increase the quota by pre-signing transactions and carrying out the increase at a designated time to guarantee the timely commencement of the event. However, the team failed to realize that a signed transaction could be broadcasted by anyone. It appears that the crypto whale @chud_eth took advantage of this vulnerability and prematurely executed the quota increase, completing the distribution of USDm ahead of schedule. Meanwhile, the total quota has been adjusted to 5 billion US dollars, with more than 4.83 billion US dollars already allocated.