Trump Admits Some Tariffs Are Paid by U.S. Consumers for the First Time, or May Launch 'Plan B' in Response to Supreme Court Ruling

On November 7th, Citibank issued a warning that the recent sluggish transaction pattern of Bitcoin might indicate a weakening trend in the Nasdaq 100 Index. Bitcoin's performance has always shown a high degree of correlation with the Nasdaq. When the price is above the 55-day moving average, the return rate of the Nasdaq significantly improves. However, Bitcoin has now dropped below this threshold, and the risk-adjusted returns of the stock market are declining in sync. Analysts attribute the weakness in the crypto market to the tightening of liquidity. Bank reserve balances have decreased by approximately $500 billion since mid-July, draining market liquidity. Nevertheless, the report also points out that Treasury balances are approaching the bottom of previous replenishment cycles, and liquidity may soon improve, thereby boosting the performance of Bitcoin and the stock market.

On November 7th, according to an official announcement, the Binance Futures Copy Trading Platform is going to update the ROI calculation method. Beginning at 11:00 on November 12, 2025 (UTC+8), the new method will be applicable to all currently active copy trading projects. The announcement indicated that the new ROI calculation method incorporates the concept of "Maximum Benchmark Balance" in place of "Cumulative Deposit", which is able to better reflect a trader's performance.

November 7th: Due to the U.S. government shutdown, the October non-farm payroll data, which was originally scheduled to be released at 21:30 tonight, is anticipated to be postponed. This will be the second consecutive "absence" of the non-farm payroll report as the September report was also unable to be released as planned. The U.S. Secretary of Labor recently restated that the non-farm payroll report will be released once the government resumes and economic data cannot be published prior to that. On Friday, the U.S. Senate is scheduled to vote on a new temporary funding bill to end the government shutdown. The Senate has previously failed to pass the bill 14 times, setting a new record for the longest government shutdown. (Jinshi)

On November 7th, Tom Lee, the Chairman of BitMine which is the first Ethereum hodling institution, stated in a CNBC interview the day before that the crash on October 11th was the largest liquidation event in the history of crypto. Subsequently, there were DeFi protocol rug pull events like the Balancer hack, which seriously undermined market confidence. As a result, the market may need a few weeks to digest the impact of these events. "The good news is that currently there are not a large number of projects showing problems, so it does not seem to be a systemic issue."

On November 7th, as monitored by Onchain Lens, a newly established wallet received 630 BTC from FalconX, with a value of $64.2 million.

On November 7th, based on the monitoring of analyst @mlmabc, Paradigm currently holds 19,141,655 HYPE (with an approximate value of 763 million US dollars) and is distributed across 19 addresses. Paradigm has thereby become the largest holder of HYPE. It currently holds 1.91% of the total HYPE supply and 5.73% of the circulating supply.