[21Shares Releases Report Predicting Bitcoin Will End Traditional Four-Year Cycle and Transition to a Mature Macro Asset] 21Shares has released the 2026 Crypto Status Report, predicting that Bitcoin will end its traditional four-year cycle and transition to a mature macro asset driven by structural capital inflows, macro adjustments, and regulatory clarity. The report forecasts that the global cryptocurrency ETP assets under management will grow from the current over $250 billion to $400 billion, outperforming the Nasdaq 100 ETF; stablecoin supply will increase 3.3 times from $300 billion in 2025 to $1 trillion; annual market trading volume is expected to exceed $100 billion, and the total locked value of tokenized real-world assets (RWA) will grow from $35 billion to over $500 billion.

Vanguard has changed its anti cryptocurrency stance and opened access to spot cryptocurrency ETFs for Bitcoin, Ethereum, XRP, and Solana to over 50 million customers. （Cointelegraph）

[Market Interpretation: Powell Focuses on Labor Market Weakness, Eurozone Bond Yields Decline] Eurozone government bond yields fell in early trading, following the trend of U.S. Treasury yields. The market interpreted Federal Reserve Chair Powell's remarks after a 25 basis point rate cut as focusing more on labor market weakness rather than inflation. Jefferies analyst Mohit Kumar stated that Powell emphasized the greater significance of labor market weakness, while inflation was only described as 'slightly' rising. The voting split suggests that the Federal Reserve will take a cautious approach in the future.

[Federal Reserve Cuts Interest Rates by 25 Basis Points, Signals Further Rate Cuts, Dollar Hits Seven-Week Low] The Federal Reserve overnight cut interest rates by 25 basis points as expected and signaled further rate cuts, appearing less cautious than anticipated in easing policy further. The dollar briefly hit a seven-week low. Michael Pfister of Commerzbank pointed out that Federal Reserve Chair Jerome Powell's remarks suggest that the risk of high inflation is less severe than the risk of a weakening labor market, potentially paving the way for further rate cuts after a pause in January next year.

Binance SPX/USDT perpetual trading volume surged 5 times within 10 minutes, with a turnover of 44.48 million US dollars in the past 24 hours, a decrease of 8.73% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world