BTC falls below the $105000 mark

[Trump Considers Lowering Tariffs, Swiss Watch Stocks Rise] Swiss watchmaker stocks rose as Trump stated he is considering lowering tariffs on Switzerland. Currently, Swiss goods imported into the U.S. are subject to a 39% tariff. Richemont Group and Swatch Group shares rose by 2.1% and 4.9%, respectively, while Swiss watch company shares listed in London increased by 5.6%.

[Bank of England December Rate Cut Expectations Rise, 10-Year Bond Yields Decline] Data shows that UK government bond yields have fallen after employment data came in weaker than expected, increasing the likelihood of a Bank of England rate cut in December. During the three months ending in September, the average wage growth in the UK slowed from 4.7% to 4.6%, while the unemployment rate rose from 4.8% to 5.0%. Ellie Henderson from Investec Economics stated that the easing of the labor market should increase disinflationary pressure and strengthen the case for a rate cut. According to Tradeweb data, the yield on UK 10-year government bonds fell by nearly 4 basis points, with the latest trading price at 4.419%.

[Franklin Executive Calls Stablecoins the Crypto 'Killer App,' 2025 Could Be the Turning Point for Institutional Adoption] Christopher Jensen, Head of Digital Asset Research at Franklin Templeton, stated that institutional entry is accelerating, and 2025 will be a critical juncture for the integration of traditional finance and blockchain. He believes stablecoins are the first large-scale 'killer app' in the crypto space, driving innovation in payment systems and serving as the foundational currency pair for tokenized assets. With regulatory advancements (such as the GENIUS Act) progressing, institutional confidence is rapidly increasing. He pointed out that tokenization is reshaping the financial and asset landscape, and in the future, investors' wallets will include diverse assets such as U.S. Treasury bonds, stablecoins, NFTs, and tokenized real estate, forming on-chain portfolios.

[Matrixport Analysis Suggests UNI May Benefit from Protocol Mechanism Adjustments] Matrixport's daily chart analysis indicates that UNI historically experiences periodic catalysts approximately every 8 months. The upcoming 'UNIfication' mechanism and protocol fee switch, if successfully implemented, will align incentives through token burn, making protocol activity more directly impact UNI's market performance. Currently, the annualized fees of the Uniswap protocol are approximately $3 billion, and partial activation of the protocol fee switch is expected to bring substantial benefits to UNI.

Bitcoin prices rose 6.7%, surpassing $106000, after the US Senate passed a bill to end the government shutdown. （Cointelegraph）