US Consumer Confidence Sees Largest Drop Since April

On November 26th, according to those with insider knowledge, as the process of selecting the new Federal Reserve Chair is coming down to the wire, Kevin Hassett, the director of the White House National Economic Council, is regarded as the top candidate for the next Fed Chair in the eyes of President Trump's advisors and allies. It is indicated that if Hassett were to be appointed, Trump would be able to place a close ally whom he is familiar with and trusts at the Fed. Some people also suggest that Hassett is seen as someone who can bring Trump's rate-cutting ideas into the Fed, which is the direction that Trump has long been hoping to lead towards. However, they also point out that Trump is known for making unexpected personnel and policy decisions, so nothing is definite until it is officially announced. Hassett is considered to be highly in line with Trump on economic viewpoints, including the belief that rates need to be cut. In a Fox News interview on November 20th, he stated tha

On November 26th, based on Coinglass data, if Ethereum breaks through $3000, the cumulative short liquidation intensity on mainstream CEXs will reach $794 million. Conversely, if Ethereum falls below $2850, the cumulative long liquidation intensity on mainstream CEXs will reach $426 million. BlockBeats Note: The liquidation chart does not display the precise number of contracts awaiting liquidation or the exact value of contracts that have been liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster in relation to neighboring clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the target price will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense response due to a liquidity avalanche once it reaches that level.

On November 26th, according to HTX market data, Bitcoin has seen a rebound and exceeded $88,000, with a 24-hour increase of 0.15%.

On November 26th, according to Coinglass data, in the past 24 hours, there has been a net outflow of 2416.40 ETH from CEX. The top three CEXs with the largest outflows are as follows: · Binance, with an outflow of 15,900 ETH; · Gemini, with an outflow of 5499.87 ETH; · Gate, with an outflow of 1747.88 ETH. In addition, OKX saw an inflow of 5884.87 ETH and ranked first in the inflow list.

On November 26th, a South Korean court sentenced a man to prison for operating a fake securities trading platform and laundering $4.2 million of illegal proceeds through cryptocurrency. According to the South Korean newspaper Hankook Ilbo, the operator of this fake platform replicated the logo and data of a "well-known" securities firm in an attempt to make the scam seem more legitimate. This case was heard in the criminal division of the Gwangju District Court. Presiding Judge Kim Young-Kyu noted that the platform defrauded a total of 116 victims. Judge Kim ultimately sentenced the man to 8 years in prison. During the court hearing, it was revealed that his accomplice, in his early 40s, helped him launder the investors' $2.9 million into cryptocurrency through company accounts and private wallets to complete the money laundering process. This case highlights the surge in criminal activities in the crypto industry. According to FBI data, reported losses from cryptocurrency investment

On November 26th, the federally chartered crypto bank in the United States, Anchorage Digital, is getting ready to launch a reward program for the holders of USDtb and USDe. It is aiming to avoid violating the U.S. stablecoin-related laws by directly providing income. Anchorage declared that institutions can now hold these two tokens on the platform of Anchorage and earn rewards on idle assets without the need to stake or lock up assets. The rewards are issued by Anchorage Digital Neo Ltd. (a separate entity from Anchorage Digital Bank), which enables Anchorage to operate within the limitations of the GENIUS Act. This Act was passed this year to set up a legal framework for the rapidly expanding stablecoin industry. It prohibits stablecoin issuers from paying interest to users to prevent "unregulated banking business" and is equivalent to prohibiting interest-bearing stablecoins. Anchorage also stated that whether it is the underlying stablecoins or the related rewards, they are saf