Over 14.9 million US dollars flowed out of the US spot BTC ETF market

[Viewpoint Suggests Starknet May Be in the Early Stages of a Solana-Like Rebound] Pink Brains posted on the X platform, stating that Starknet may be in the early stages of a Solana-like rebound. Starknet's DeFi TVL has tripled since July, currently reaching approximately $300 million, close to its historical high; the market cap of stablecoins has hit a record high of $154 million. Over the past three months, Starknet has seen a net capital inflow of $584 million, making it the second-largest chain in terms of net inflow. Its daily active addresses range between 50,000 and 60,000.

[Trump's Approval Rating Drops Due to Inflation Issues, Party Allies Criticize Him for Avoiding Reality] Rising prices have become a political burden for the Republican Party, with Trump calling the cost-of-living crisis a 'hoax' fabricated by the Democrats. The latest poll shows Trump's approval rating has dropped due to inflation issues, and party allies have criticized him for 'avoiding reality.'

Ripple CEO Brad Garlinghouse predicts bitcoin will reach $180,000 by the end of 2026.

**[Fed's December Rate Cut Expectations May Ease Pressure on Asian Emerging Market Currencies]** The market widely expects that the Federal Reserve's December rate cut will ease pressure on Asian emerging market currencies. The Fed's monetary policy easing could help the Reserve Bank of India alleviate depreciation pressure on the rupee and provide breathing room for weaker currencies such as those of Indonesia, South Korea, and the Philippines. This week, the rupee fell below the 90 mark against the U.S. dollar for the first time, while the Korean won has dropped more than 4% this quarter. Wee Khoon Chong, a strategist at BNY Mellon, stated that the Fed's policy easing could support Asian foreign exchange markets, with currencies like the Korean won, which have strong growth and sound fiscal conditions, potentially performing better. However, the Indian rupee still faces risks from high tariffs and slowing growth, while the Philippine peso is weighed down by the central bank's dovish stance. TS Lombard strategists recommend going long on Asian currencies at this time.

[Reports Suggest Bank of Japan May Raise Rates to 0.75% in December, Government Will Not Intervene] Three Japanese government sources revealed that the Bank of Japan may raise the policy rate from 0.5% to 0.75% in December, and the government is expected not to intervene in this decision. Governor Kazuo Ueda stated on Monday that he would weigh the 'pros and cons' of a rate hike this month, hinting at a high likelihood of a rate increase during the December 18-19 meeting. The market has priced in an approximately 80% probability of a December rate hike, but some market participants are focusing on the reaction of Prime Minister Sanae Takaichi's government. Ueda's stance on the extent of future rate hikes remains unclear.