Klarna: Bitcoin and cryptocurrency have the conditions for scaling up

1. Powell may consider cutting interest rates in December, while the Federal Reserve's policy remains tough. Analysts suggest that next year, there may be an excess of 150 basis points in interest rate cuts 2. BlackRock deposits 4471 BTC worth $390.8 million into Coinbase Prime 3. US lawmakers propose accepting Bitcoin taxes to establish a national Bitcoin reserve 4. Binance accused of assisting terrorist organization's fund flow, sued by US victims 5. Gold prices rise, the US dollar index approaches the 100 mark, and market volatility intensifies 6. Russia announces expansion of cryptocurrency investment options, details yet to be disclosed 7. The first day trading volume of Bitcoin and Ethereum perpetual futures on the Singapore Exchange reached 35 million US dollars The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/502791

[Texas Launches Bitcoin Reserve Plan, First $5 Million Purchase of BlackRock Bitcoin Spot ETF] The Texas Blockchain Council announced that Texas has made its first allocation of funds for a strategic Bitcoin reserve, purchasing approximately $5 million worth of BlackRock's Bitcoin Spot ETF (IBIT) on November 20. This transaction is suspected to have been authorized under the SB 21 bill signed by Governor Greg Abbott in June, which established a state-level Bitcoin reserve managed by the Texas Treasury Safekeeping Trust Company. Council Chairman Lee Bratcher stated that this marks the first instance of a U.S. state government purchasing Bitcoin, though official documents confirming the transaction have yet to be released. According to the latest 13F report from the Texas Treasury Safekeeping Trust Company, its investment portfolio also includes approximately $667 million in SPY and $34 million in Janus Henderson funds. If the reported IBIT purchase amount is accurate, it would become the company's third-largest holding.

[Arthur Hayes Purchases $260,500 Worth of PENDLE Tokens] According to Onchain Lens monitoring, 6 hours ago, Arthur Hayes (@CryptoHayes) purchased 105,000 PENDLE tokens via Flowdesk, with a total value of $260,500. Yesterday, he deposited 3.04 million USDC into Kraken, Wintermute, Cumberland, and Flowdesk, possibly in preparation for subsequent asset purchases.

[MegaETH Pre-Save Event Fails Due to Technical Issues, Fundraising Cap Frozen at $500 Million] The MegaETH pre-save event failed to proceed as planned due to technical issues, with the fundraising cap ultimately frozen at $500 million, abandoning the original goal of expanding to $1 billion. The team stated on the X platform that the failure was caused by a KYC system configuration error and rate limit issues. Additionally, a Safe multisig transaction prepared for subsequent increases was accidentally executed prematurely, leading to new deposits exceeding the original $250 million cap. The team noted that some allocations were obtained by users who continuously refreshed the page and coincidentally accessed the system during random openings. MegaETH has promised to release a retrospective plan and withdrawal options soon, reaffirming the safety of user assets while acknowledging that operations did not meet expected standards.

[U.S. Treasury Secretary Besent Criticizes the Complexity of the Federal Reserve's Interest Rate Management Mechanism] On November 26, U.S. Treasury Secretary Besent stated that the Federal Reserve's interest rate management mechanism is overly complex and suggested simplifying it. He noted that the Federal Reserve's current ample reserves system appears to be loosening but did not specify the meaning of 'loosening.' Besent has long been critical of the Federal Reserve, particularly expressing concern over its massive balance sheet, which he believes could distort market pricing. He also questioned the Federal Reserve's reliance on liquidity tools in its complex interest rate management approach, advocating for a return to the highly managed system prior to the financial crisis.