US President Trump has threatened to increase tariffs on India unless India stops purchasing Russian oil. （Watcher.Guru）

[Arca Chief Investment Officer: MSTR's Biggest Risk is BTC Rising While Stock Stagnates] Arca Chief Investment Officer Jeff Dorman posted on the X platform, stating that the biggest risk MSTR faces is not being removed from the MSCI index or a drop in BTC prices. Being removed from the MSCI index has minimal impact on the stock and is irrelevant to BTC; MSTR has over two years of cash reserves and no forced selling clauses, so a drop in BTC prices would not force MSTR to sell. He believes the real risk lies in BTC prices rising while MSTR's stock price stagnates. If MSTR no longer tracks BTC prices and trades significantly below mNAV, it will be unable to raise funds through ATM offerings and may have to consider selling BTC to buy back shares.

[Spot Gold Breaks Through the $4,400 Mark, Up 1.6% Intraday] Spot gold prices have once again broken through the $4,400 mark, with intraday gains expanding to 1.6%.

HTX-BTC perpetual contract is now reported at $92289.4. According to market contract position analysis, the main force lacks confidence in the future market, and the price may decline. Please hold positions reasonably and control risks

[Whale Investor Bets on Digital Gold and Physical Gold: WBTC at a Loss, XAUt at a Profit] A whale investor has made large-scale investments in gold-related assets within two months. At the end of October, the investor purchased 264.8 WBTC for approximately $30 million at an average price of $113,262, currently incurring an unrealized loss of about $5.7 million. Meanwhile, since early October, the investor has purchased 2,371.4 XAUt and 559.7 PAXG for $12.42 million at an average price of $4,239, currently realizing an unrealized profit of about $410,000.