[65 Cryptocurrency Institutions Urge Trump to Clarify Digital Asset Regulatory Rules] Over 65 cryptocurrency-related institutions have written to U.S. President Trump, urging him to bypass Congress and direct federal agencies to clarify digital asset regulatory rules. The joint letter, initiated by major industry participants such as Coinbase, Uniswap Labs, the Blockchain Association, and the Solana Foundation, outlines specific actions that the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Treasury Department, and the Department of Justice can take without the need for new legislation.

[‘Whale Who Once Shorted 66,000 ETH’ Adds 7,837 ETH] On November 21, according to Lookonchain monitoring, the whale address that ‘once shorted 66,000 ETH’ has purchased another 7,837 ETH (approximately $21.9 million), currently holding a total of 440,558 ETH (approximately $1.23 billion).

#66kETHTomorrow Whale has newly purchased 7837 ETH worth $21.9 million, and currently holds a total of 440600 ETH worth $1.23 billion. （Lookonchain）

Bitcoin fell below $86,000 after the delayed U.S. jobs data for September pointed to persistent inflation, chipping away hopes for a December rate cut.December rate cut alone will not be enough to bring prices back to October levels, one analyst said.

[Federal Reserve Chair Candidate Hassett: 'Very Bad Timing' to Pause Rate Cuts] After the U.S. Bureau of Labor Statistics released a stronger-than-expected September nonfarm payroll report, some Wall Street institutions raised the probability that the Federal Reserve will not cut rates in December. On Thursday evening, JPMorgan withdrew its forecast for a 25 basis point rate cut by the Fed in December, now predicting the next rate cuts will occur in January and April next year. Kevin Hassett, the Federal Reserve Chair candidate nominated by Trump and Director of the White House National Economic Council, stated that pausing rate cuts would be 'very bad timing,' as the government shutdown has already dragged down fourth-quarter economic growth, which is expected to reduce GDP by 1.5 percentage points. He also pointed out that the September CPI showed inflation was better than expected, but the employment report is insufficient to offset other economic headwinds.