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Coinbase Bitcoin Premium Shrinks to 0.018%

2 hours ago

On November 27th, according to Coinglass data, Coinbase's Bitcoin Premium Index has been in a negative premium for 28 consecutive days and is currently narrowing to 0.018%. BlockBeats Note: The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream U.S. exchange) and the global market average price. This index is an important indicator for observing U.S. market capital inflows, institutional investment enthusiasm, 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, institutions or compliant funds actively entering the market, abundant USD liquidity, and a tendency towards optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, usually reflecting: significant selling pressure in the U.S. market, a decrease in investor risk appetite, a rise in market risk aversion or capital outflows.
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European Central Bank Meeting Minutes: Current Uncertainty Justifies Keeping Interest Rates Unchanged

On November 27th, the minutes of the European Central Bank meeting showed that its assessment of the inflation outlook remained largely unchanged. Some officials thought that the rate-cutting cycle had ended because the favorable outlook was likely to continue unless risks materialized. The central bank considered that adopting a prudent strategy could enhance the likelihood of maintaining a favorable outlook. From a strategic standpoint, the monetary policy stance should not be adjusted for mild and temporary inflation fluctuations around the target but only when a significant deviation from the target was expected in the medium term. However, most committee members believed that the risks surrounding the inflation outlook were balanced, and the inflation outlook remained more uncertain than in the past. Overall, the option value of waiting for more information remained significant. (FXStreet)

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Several Wall Street Institutions Release 2026 US Stock Market Forecast: Bull Market Not Over Yet, S&P 500 to Reach a Minimum of 7500 Points

November 27th: A number of Wall Street institutions have presented their forecasts for the US stock market in 2026, suggesting that the next phase of the US stock market still has room for growth. Deutsche Bank has set a year-end target of 8000 points for the S&P 500 index in 2026, while HSBC has set its target at 7500 points. Morgan Stanley also anticipates a strong year ahead and forecasts that the index will close at 7800 points in 2026. The bank's strategist, Mike Wilson, referred to it as a "new bull market" and stated in a report last week that the rolling recession had come to an end earlier this year and that policy support and earnings strength would continue into the next year. JPMorgan holds a similar stance. The bank's benchmark forecast for 2026 aims for 7500 points, but it believes that if an improved inflation outlook leads the Federal Reserve to be more proactive in rate cuts, the index could exceed the 8000-point mark. Currently, JPMorgan expects the Fed to cut rates

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Since the 10/11 Crash, Tether and Circle have collectively minted stablecoins worth $17.25 billion

On November 27th, as monitored by LookOnChain, Circle once more minted 1.25 billion USDC on this day. Since the crash on October 11th, Tether and Circle have collectively minted a total of $17.25 billion worth of stablecoins.

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BNB Chain Appoints Nina Rong as Chief Growth Officer

On November 27th, according to official information, BNB Chain has appointed Nina Rong as the Chief Growth Officer. Throughout the years, Nina has been committed to expanding the global Web3 ecosystem and building collaborative relationships that promote the advancement of the ecosystem. At BNB Chain, she will mainly be responsible for ecosystem development, enhancing developer support, and expanding our global footprint. Our common mission is to lead the next billion users into the on-chain world and make it more accessible for everyone to obtain liquidity.

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The USDC Treasury has minted an additional 250 million USDC on the Solana blockchain.

On November 27th, as monitored by Whale Alert, 2 minutes ago, the USDC Treasury minted an additional 2.5 billion USDC on the Solana blockchain.

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Ethereum Surpasses LVMH in Market Cap, Rises to 40th in Global Asset Market Cap Ranking

On November 27th, based on 8Marketcap data, with Ethereum surging above $3,000, Ethereum's market capitalization temporarily reached $365.21 billion, surpassing LVMH and ranking 40th in the global asset market capitalization.

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