The U.S. Supreme Court will hold oral arguments on November 5th regarding whether Trump can impose tariffs under the IEEPA.
November 4th. The U.S. Supreme Court is scheduled to hold oral arguments on November 5th in a case regarding the review of the boundaries of the president's "emergency powers." The central issue of this case is: whether the president is capable of imposing extensive tariffs on imported goods from multiple countries under the International Emergency Economic Powers Act (IEEPA).
This case's influence extends far beyond trade policy itself. The Supreme Court's ruling will decide whether the president can bypass Congress by employing emergency powers, thereby making this practice a common tool in governance and having a profound impact on the constitutional separation of powers and the limitations of presidential power.
The case originated from former President Trump's previous declarations of three national emergencies to impose tariffs on Canada, Mexico, and China, followed by a fourth national emergency declaration to impose a 10% global tariff on all imported goods and a maximum 50%
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FTX has successfully contested the Trustee's withdrawal of the "Restricted Jurisdiction Motion," with creditors achieving a partial victory.
November 4th. As per the Delaware bankruptcy court documents, FTX has retracted the previously submitted motion to restore the trust. It had initially intended to carry out a "restricted procedure" in certain foreign jurisdictions in order to advance the restructuring plan.
After objections were raised during a hearing on October 23rd, the motion has been withdrawn unconditionally. In case there are plans to resume this process in the future, a new motion would need to be filed and the notification procedures would need to be adhered to.
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OKX Pay now supports USDG and has launched an exclusive interest rate promotion
November 4th. According to official channels, OKX Pay now offers support for USDG on the X Layer network and has launched a special interest rate promotion. Users who update their OKX App to V6.143.0 or a higher version can earn rewards by making purchases, exchanges, or deposits of USDG. The rules of the promotion state that users will receive a 10% annualized yield on the first 10,000 USDG held, and any amount exceeding this threshold will earn a 5% annualized yield. Interest is calculated on a daily basis and distributed weekly, providing users with a convenient and stable asset appreciation service.
USDG (Global Dollar) is issued by Paxos Digital Singapore Pte. Ltd. (PDS) and is a single-currency stablecoin (SCS) pegged to the US dollar, in line with the stablecoin regulatory framework that is about to be implemented by the Monetary Authority of Singapore (MAS). Each USDG is backed by reserve assets such as US Treasury bonds and is audited monthly by the independent auditing firm
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Trader Eugene: The longs have not completely surrendered yet, with overall global risk markets and macro outlook still leaning positive
On November 4th, trader Eugene Ng Ah Sio shared on his personal channel, saying, "Just kidding aside, the present Price Action (PA) is in line with my anticipation that the market structure is transitioning from Regime 3 to Regime 4. The development of things requires time, and Bitcoin has not yet dropped below $100,000, so the bulls still have a certain foothold.
However, the slower the decline and the longer the price remains in this range, the more unfavorable the outlook becomes. I believe the next few months will pose challenges for most of us. We must strike a balance between safeguarding capital and avoiding getting trapped in a bear market.
Of course, a complete disconnection and a total withdrawal are not the optimal choices - after all, the global risk market and the overall macro outlook are still positive.
The trend of crypto speculators flowing into the global stock market is likely to persist until that 'omega bubble' bursts. But I think entering the stock market at th
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