Trump Issues 'Ultimatum' to Powell: Will Consider Secretary of Treasury Replacement if Rate Cut Not Achieved
On November 20th, at the Saudi Investment Forum, Trump engaged in a conversation with Treasury Secretary Besent regarding Fed Chair Powell. In a sarcastic tone, he said, "Well, my point, Besent. You truly need to handle this matter regarding this guy. There is undoubtedly something amiss with him. No, he is definitely off track. Frankly speaking, I have a strong desire to fire him. This individual is completely incompetent, and he should be sued for constructing a small building at a cost of 4 billion dollars. The interest rates are too high, Besent. If you do not address this issue promptly, I will fire you. Do you understand?"
It should be noted that U.S. Treasury Secretary Besent had previously advised Trump to retain Powell in office until the end of his term, while Commerce Secretary Howard Ludnick "leans more towards the idea of firing" Powell. Fed Chair Powell's term is scheduled to expire on May 15, 2026.
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Trump Plans to Launch 'Genesis Mission' Initiative, Considers AI Race as Important as Space Race
November 20th: An official from the U.S. Department of Energy disclosed that U.S. President Trump intends to introduce a plan named the "Genesis Mission" in an executive order that will be signed next week. The objective of this plan is to promote the development of the U.S. in the field of artificial intelligence. Carl Kukkonen, the Chief of Staff at the U.S. Department of Energy, stated that this action is intended to show that the Trump administration views the upcoming AI competition as significant as the "Manhattan Project" or the space race. Kukkonen indicated that this executive order may require U.S. national laboratories to conduct more research on emerging AI technologies and may involve public-private partnerships. (Golden Finance)
Earlier today, it was reported that U.S. President Trump is also contemplating signing an executive order as early as Friday to grant the federal government unilateral authority to regulate artificial intelligence. This includes establishing an "
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Greeks.live: Overall Market Sentiment Still Bearish, Keeping a Close Eye on Bitcoin's $90,000 Key Support
On November 20th, Researcher Adam from Greeks.live pointed out that the overall market sentiment remains bearish, and there is a divergence regarding whether the bottom has been formed. Traders are closely observing the key support levels of $2800 to $2900 for ETH and $90,000 for BTC. The core disagreement focuses on whether the current levels have already reached the bottom.
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Market Sentiment Dips Again, Fear and Greed Index Drops to 11
On November 20th, according to Alternative Data, the Fear and Greed Index of cryptocurrencies today has once again decreased to 11 (compared to 15 yesterday), and the market sentiment still remains in a state of "extreme fear." The index averaged 15 last week and 34 last month.
Note: The Fear and Greed Index ranges from 0 to 100 and includes the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance (10%) + Google Trends (10%).
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Bitget Wallet's Crypto Card Introduces "Zero Fee" Mechanism, Creating a Seamless Daily Spending Experience
On November 20th, the Bitget Wallet Crypto Card officially launched its "Zero Fee" mechanism. Its services cover more than 50 global markets in Europe, Latin America, the Asia Pacific region, and more. Users can use this card for daily spending, cross-border payments, and travel expenses through mainstream settlement networks like Visa and Mastercard, achieving seamless daily consumption.
The Bitget Wallet Card provides each user with a monthly zero fee limit of $400, which covers foreign exchange fees, stablecoin deposit or conversion fees, and exchange rate differences. The system will automatically detect relevant fees generated during the spending process and complete the reimbursement within 1 to 3 days (T+1 to T+3), and the actual settlement exchange rate will match Google's real-time rate.
In addition, Bitget Wallet has simultaneously launched personalized crypto card services, offering exclusive card designs to communities, brands, and creators. As a key part of the Bitget Wa
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