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Trump Issues 'Ultimatum' to Powell: Will Consider Secretary of Treasury Replacement if Rate Cut Not Achieved

3 hours ago

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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Hong Kong-listed Company to Raise Approximately HKD 99.72 Million through Rights Issue to Expand International Commercial Digital Technology Business, with Approximately 20.06% of the Funds Allocated to Deploy Virtual Asset Service Business

November 20th. As per ChainNews, the Hong Kong-listed company International Business Digital Technology (01782.HK) declared that on November 20, 2025, the company plans to sell up to 28 million shares of its own through a placement agent at a price of HK$3.60 per share. This represents a discount of around 8.86% compared to the closing price of HK$3.95 per share reported by the Exchange on the date of the placement agreement. The maximum anticipated net proceeds from the placement amount to HK$99.72 million. Approximately 65.18% will be allocated to develop three new technologies, which are expected to enable the company to offer innovative products and services to customers in the APM business unit. Full utilization is expected by December 31, 2027. Approximately 20.06% will be used to assist the company in deploying the virtual asset service business in overseas markets in a timely and orderly manner after obtaining the necessary regulatory approvals. When expansion opportunities ar

3 minutes ago

UBS: Predicts S&P 500 Index End-of-Year Target of 7700 in 2026

On November 20th, UBS Global Wealth Management declared that when looking ahead to 2026, they anticipate that the year-end target for the S&P 500 Index will be 7700 points. (FX678)

3 minutes ago

GAIB Initiates Official Buyback Plan in Response to External Token Dump Incident

On November 20th, the GAIB, which is the AI and Robotics Infrastructure Economic Layer project, issued an official statement today regarding the external institutional early token sale incident that took place on the TGE day and announced the launch of the GAIB Official Buyback Plan. In the statement, GAIB emphasized that the approximately 5 wallets identified by the community, each selling about 1 million GAIB tokens, are not in the possession of the team, advisors, or any internal entity. All team and core contributor tokens are currently locked, and the GAIB team has not sold any tokens. After conducting an internal investigation, it was found that these wallets belonged to various external market institutions. According to their pre-TGE cooperation agreement, the tokens they received were only intended for post-listing community event incentives and were clearly prohibited from early sale. However, some institutions violated the agreement by selling the tokens on the TGE day, con

3 minutes ago

Monad Public Sale Raises Over $140 Million, Achieving 78.4% of the Total Goal

On November 20th, on the Coinbase platform, the public sale of the Monad (MON) token managed to raise a total of $147.1 million. This achievement represents 78.4% of the total targeted amount. During this public sale, 7.5% of the MON token was offered at a unit price of 0.025 USDC. The Fully Diluted Valuation (FDV) of the token was set at $25 billion, and the sale ended on Sunday, November 23rd at 10:00. According to the data from the Polymarket website, the current probability that the total Monad public sale amount will reach $300 million is 84%. The probability of it reaching $400 million is 56%, while the probability of it reaching $600 million is only 27%.

3 minutes ago

A certain whale withdrew 544.25 BTC from Binance after 2 months of dormancy.

On November 20th, as per the monitoring of Onchain Lens, a whale that had been dormant for 2 months withdrew 544.25 BTC (valued at $49.84 million) from Binance. Currently, it is holding 552.87 BTC (valued at $50.70 million).

3 minutes ago

The Coinbase Bitcoin Premium Index has been in a negative premium for 21 consecutive days, currently standing at -0.0989%.

On November 20th, according to Coinglass data, the Bitcoin Premium Index of Coinbase has been in a negative premium for 21 consecutive days and is currently at -0.0989%. BlockBeats Note: The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase (a major U.S. exchange) and the global market average price. This index is an important indicator for observing U.S. market liquidity, institutional investment interest, and market sentiment changes. A positive premium indicates that the Coinbase price is higher than the global average, usually suggesting: strong buying pressure in the U.S. market, institutional or compliant funds actively entering the market, abundant USD liquidity, and a generally optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, typically reflecting: significant selling pressure in the U.S. market, a decrease in investor risk appetite, a rise in market hedg

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