[Trump Announces Support for Crypto Industry Development, JPMorgan Raises Bitcoin Target Price to $170,000] On November 7, U.S. President Trump stated at the 'American Business Forum' in Miami that the United States should fully embrace the crypto industry. He signed an executive order to 'end the federal government's war on crypto assets,' proposing to build the U.S. into a 'Bitcoin superpower' and a global crypto asset hub. JPMorgan released a report predicting that Bitcoin's price could reach approximately $170,000 within the next 6 to 12 months, citing that the leveraged market has completed its risk-off adjustments and that rising gold volatility makes Bitcoin more attractive on a risk-adjusted basis. The report noted that Bitcoin's current price is about $68,000 below its fair value, indicating significant upside potential. Meanwhile, Ark Invest founder Cathie Wood lowered her long-term Bitcoin forecast, suggesting that the growth of stablecoins might impact Bitcoin's function as a store of value. A VanEck report revealed that digital asset treasuries continued to net increase crypto holdings in October, with Q3 crypto lending volumes reaching $73.6 billion, nearly tripling compared to early 2024.
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More >美元指数跌至一周低点，受疲软就业数据影响
[Dollar Index Drops to One-Week Low, Impacted by Weak Employment Data] On November 7, the Dollar Index (DXY) fell to a one-week low as investors continued to digest weak employment data from the U.S. private sector. Challenger, Gray & Christmas Inc.'s report on corporate layoffs in the U.S. showed a surge in layoffs in October, strengthening market expectations for a Federal Reserve rate cut in December. ING analyst Chris Turner pointed out that the dollar's decline may be related to improved conditions in the money market, as borrowing under the Federal Reserve's Overnight Standing Repo Facility (SRF) has dropped from $50 billion a week ago to zero.
嘉楠科技完成7200万美元注册直接发行
[Canaan Completes $72 Million Registered Direct Offering] Canaan Inc. (NASDAQ: CAN) announced that it has completed a registered direct offering to institutional investors, issuing $72 million worth of American Depositary Shares (ADS), with each ADS representing 15 Class A ordinary shares at an offering price of $1.131 per ADS. Investors include Brevan Howard, Galaxy Digital, and Weiss Asset Management.
Strategy Adds Europe to Capital Raising Efforts, Securing $715M in Newest Preferred Offering
Dubbed "stream," STRE is the company's latest preferred series as Michael Saylor and team begin raising funds overseas for more bitcoin purchases.
The Graph推出企业级区块链数据库Amp并获DTCC认可
[The Graph Launches Enterprise-Grade Blockchain Database Amp and Gains DTCC Recognition] On November 7, The Graph's core development team Edge & Node unveiled the enterprise-grade blockchain-native database Amp on the main stage of Chainlink SmartCon. Amp encodes on-chain data into real-time, verifiable, and compliant datasets, featuring transparency, auditability, and composability. The Depository Trust & Clearing Corporation (DTCC) has highly recognized this product and will collaborate with The Graph to enable reliable access to production-grade blockchain data. DTCC processes trillions of dollars in securities transactions annually and provides custody services for over $100 trillion in securities across more than 170 countries and regions worldwide.
US Bitcoin ETF: Yesterday bought 240 million BTC
The US Bitcoin ETF bought 240 million BTC yesterday, ending six consecutive days of fund outflows. （Bitcoin Archive）