US Stock Futures Dive Further

On November 25th, the White House is making efforts to expedite the enhancement of America's research capabilities by applying artificial intelligence. U.S. President Trump signed an executive order on Monday to launch the "Genesis Mission" initiative, instructing the Department of Energy and other research institutions to actively promote the deployment of artificial intelligence. Michael Kratsios, the Chief Technology Officer of the White House Office of Science and Technology Policy, referred to it as "the largest-scale federal research resource integration since the Apollo program." He stated that this initiative is expected to accelerate research breakthroughs in fields such as medicine, energy production, and engineering. Energy Secretary Wright emphasized that artificial intelligence will be used to analyze the extensive datasets held by its 17 national laboratories and pledged to "significantly accelerate the pace of scientific discovery and innovation." According to the execu

: On November 25th, the US Bureau of Economic Analysis is scheduled to release the US third-quarter GDP data on December 23rd. (Caixin)

On November 25th, according to CME's "FedWatch": There is an 82.7% chance of a 25-basis-point Fed rate cut in December, and a 17.3% chance of rates remaining unchanged.

November 25th. As reported by The Wall Street Journal, Mary Daly, President of the Federal Reserve Bank of San Francisco and a 2027 FOMC voter, expressed her support for a rate cut next month. She considers that the probability of a sudden deterioration in the labor market is higher than that of a sharp increase in inflation and is also more difficult to control. In an interview on Monday, she stated, "I'm not certain that we are in the lead in the labor market. The labor market is currently fragile enough, and the risk lies in a nonlinear change." She mentioned that, in contrast, the risk of an inflation spike is lower because the cost increase driven by tariffs is much more moderate than was expected earlier this year. Daly's viewpoint is significant. Although she does not have a vote on monetary policy this year, she rarely publicly disagrees with Federal Reserve Chairman Powell. At the meeting from December 9th to 10th, Daly may play a crucial role in resolving the internal FOMC d

November 25th: In its most recent industry report, JPMorgan Chase carried out a comprehensive rating adjustment of Bitcoin mining companies and data center operators that are transitioning to High-Performance Computing (HPC). This indicates that the industry is entering the "high certainty stage of HPC/cloud computing transformation." Since the end of September, mining companies have signed more than 600 MW of long-term AI/HPC contracts. These include partnerships with industry giants such as AWS, Google-backed Fluidstack, and Microsoft. JPMorgan anticipates that by the end of 2026, mining companies will announce approximately 1.7 GW of critical IT load build-out plans, which accounts for about 35% of the approved power capacity. The rating changes are as follows: · Cipher Mining: Upgraded to Overweight, with a target price of $18 (previously $12); · CleanSpark: Maintained at Overweight, with a target price of $14; · IREN: Target price $28 → $39, but still maintained at Underweigh

November 25th. As per The New York Post, a Hong Kong individual has received a 7-year prison term in Canada due to his participation in an extremely savage home invasion. Four attackers disguised as deliverymen broke into a residence in British Columbia. A family of three was subjected to 13.5 hours of beating, waterboarding, and sexual assault threats. Eventually, they managed to make off with $1.6 million worth of Bitcoin. The court depicted this as a "carefully devised, long-term violent crime." The attackers had carried out reconnaissance weeks in advance, surveilled the victims, and placed cameras outside the house with the aim of targeting their cryptocurrency holdings. During the ordeal, the robbers forced the couple to disclose their encrypted account passwords: - The wife was made to endure waterboarding, while the husband was stripped naked and beaten. - The robbers threatened to cut off the husband's genitals. - They also threatened to harm their young daughter to ps