U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

On November 27th, based on CME's "FedWatch" data, the likelihood of the Federal Reserve cutting interest rates by 25 basis points in December is 82.9%, and the probability of maintaining the interest rates unchanged is 17.1%.

On November 27th, as per the monitoring of LookOnChain, BlackRock received 953 Bitcoins (approximately $83.43 million) and 15,722 Ether (approximately $46.24 million) from Coinbase Prime within the past 20 minutes.

On November 27th, according to Bloomberg, the latest round of decline in Bitcoin is revealing a fundamental transformation. The significant volatility that used to attract retail risk-takers is on the wane. This reflects the increasing influence of Wall Street on the infrastructure of the crypto market. Even though Bitcoin has retreated by up to 36% since hitting a historic high in early October, its implied volatility remains relatively low. This change indicates that the institutionalization process is reshaping the risk transmission of the token. Previously, Bitcoin's value was mainly driven by speculation - traders hoping to make a profit from its frequent large price fluctuations.

On November 27th, as per DL News, the South Korean financial regulatory agency has advised Bithumb to halt its Tether market services. This particular service enables customers to trade Bitcoin and nine other high market capitalization alternative coins by using USDT. However, these ten assets can still be traded on the Korean Won (KRW) market. The cryptocurrency exchange declared that this service is still in the beta testing stage and is related to an order book sharing agreement with Stellar. Bithumb mentioned that due to system maintenance, this service will be shut down at 11:00 am KST on November 28th and will be restructured to "offer a more stable and advanced trading environment. We will provide separate updates regarding the reopening schedule of the service."

On November 27th, as reported by The Block, Avail has launched the Nexus mainnet. This is a cross-chain system designed to integrate rollups, application chains, and decentralized applications into a single operational environment, enabling the smoother movement of assets, liquidity, and users across chains. This modular blockchain infrastructure provider announced that Nexus has been deployed on multiple ecosystems, such as Ethereum, Tron, Polygon, Base, Arbitrum, Optimism, BNB Chain, Monad, Kaia, HyperEVM, and Scroll, with Solana set to join in the near future. Avail co-founder Anurag Arjun stated that the current fragmentation of blockchains and the "high-risk bridging" have restricted the experience of developers and users.

On November 27th, as per CoinDesk citing sources, the crypto market maker Portofino Technologies has witnessed another round of senior staff resignations following the departures of its Chief Financial Officer and General Counsel a few months ago. The source indicated that the Chief Revenue Officer Melchior de Villeneuve recently left this Swiss firm. Due to the privacy concerns regarding the matter, the source requested anonymity. The Office Operations Manager Olivia Thurman has confirmed her resignation. Furthermore, it is alleged that two senior developers, Olivier Ravanas and Mike Tryhorn, along with two junior developers, have also left this crypto market maker company. According to their LinkedIn profiles, De Villeneuve joined the company in January of this year, but he did not respond immediately to a request for comment. Ravanas and Tryhorn also did not respond. As of the publication time, Portofino has not yet responded to multiple email requests for comment.