🚀 Trump Considers Blockchain Expert For SEC Chair Role
#Trump #Blockchain #SEC #TeresaGoodyGuillén #Cryptocurrency #RegulatoryReform #SecuritiesLaw #EnforcementActions #ProCryptocurrency #Thanksgiving
According to PANews, U.S. President-elect Donald Trump is contemplating the appointment of blockchain legal expert Teresa Goody Guillén as the new chair of the Securities and Exchange Commission (SEC). Guillén, currently a partner and co-leader of the blockchain team at BakerHostetler law firm, has previous experience working with the SEC and has represented both blockchain companies and traditional businesses in SEC enforcement actions.
Sources indicate that Trump's team is seeking a candidate with a pro-cryptocurrency stance and a non-bureaucratic background to lead the SEC. The aim is to implement a lighter regulatory approach and move away from the "regulation by enforcement" practice. Guillén is recognized in the industry for her strong securities law background and supportive position towards the crypto sector, making her a potential candidate for swiftly reforming the SEC.
The decision on the SEC chair is expected to be finalized before Thanksgiving. Guillén is competing for the position alongside other candidates, including former SEC Commissioner Paul Atkins and Robinhood's Chief Legal Officer Dan Gallagher.#Trump #Blockchain #SEC #TeresaGoodyGuillén #Cryptocurrency #RegulatoryReform #SecuritiesLaw #EnforcementActions #ProCryptocurrency #Thanksgiving
🚀 Bitcoin Spot ETF Holdings Near Satoshi's Level, Poised for Global Leadership
#Bitcoin #SpotETF #SatoshiNakamoto #CryptoMarket #Investing #AssetManagement #InstitutionalInvestors #Thanksgiving #GoldETF #FinancialMarkets #BTC
According to Odaily, Bloomberg's senior ETF analyst Eric Balchunas recently shared insights on X, highlighting that the holdings of the U.S. Bitcoin Spot ETF have reached 98% of Satoshi Nakamoto's holdings. This development positions the ETF to potentially become the largest holder of Bitcoin globally. Balchunas noted that the anticipated market movements around Thanksgiving appear promising. If the liquidity over the next three days mirrors that of the past three days, the trading scenario is likely to be finalized.
Furthermore, the ETF's assets under management currently stand at $107 billion, trailing the gold ETF by $23 billion. Balchunas expressed optimism that the Bitcoin Spot ETF could surpass the gold ETF in assets by Christmas. This potential shift underscores the growing influence and acceptance of Bitcoin in the financial markets, as well as the increasing interest from institutional investors. The comparison with gold, a traditional safe-haven asset, highlights Bitcoin's evolving role as a significant player in the investment landscape.#Bitcoin #SpotETF #SatoshiNakamoto #CryptoMarket #Investing #AssetManagement #InstitutionalInvestors #Thanksgiving #GoldETF #FinancialMarkets #BTC
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🚀 Potential Catalysts for Bitcoin's Next Bull Market
#Bitcoin #BullMarket #Cryptocurrency #SEC #GlobalAdoption #BitcoinReserves #Investors #MarketStructure #Thanksgiving #EMJCapital #BTC
According to PANews, Eric Jackson, founder and portfolio manager of EMJ Capital, shared insights on CNBC's Closing Bell regarding potential catalysts for Bitcoin's next bull market. Jackson highlighted that new cryptocurrency regulatory policies from the U.S. Securities and Exchange Commission (SEC), along with increased global adoption and strategic Bitcoin reserves in the U.S., could significantly impact Bitcoin's trajectory.
Jackson suggested that these factors might propel Bitcoin towards a $100,000 milestone, prompting a reevaluation among various investors, including institutional and sovereign retail investors. He noted that the Thanksgiving period often serves as a springboard for bullish trends in the cryptocurrency market rather than a setback. Jackson emphasized that a genuine market structure is on the verge of forming, which could further influence Bitcoin's growth.#Bitcoin #BullMarket #Cryptocurrency #SEC #GlobalAdoption #BitcoinReserves #Investors #MarketStructure #Thanksgiving #EMJCapital #BTC
🚀 EMJ Capital Founder Predicts SEC's New Crypto Regulations Could Propel Bitcoin Bull Market
#EMJCapital #Bitcoin #SEC #cryptoregulations #bullmarket #cryptocurrency #investing #Thanksgiving #markettrends #BTC
Eric Jackson, founder of EMJ Capital, recently discussed the potential impact of forthcoming U.S. Securities and Exchange Commission (SEC) regulations on the cryptocurrency market. In an interview with CNBC, Jackson suggested that the SEC's anticipated crypto regulatory policies might serve as a catalyst for Bitcoin's next bull run.Jackson highlighted that increased global adoption and the United States' strategic Bitcoin reserves could play significant roles in driving Bitcoin's value upward. He noted that reaching the $100,000 milestone could prompt both institutional and retail investors to reevaluate their positions in the cryptocurrency market.Historically, the Thanksgiving period has been associated with bullish trends in cryptocurrencies. Jackson emphasized that this time frame often acts as a springboard for positive market movements, suggesting that a robust market structure is on the horizon.As the SEC prepares to introduce new regulations, market participants are closely monitoring how these changes might influence Bitcoin's trajectory and the broader cryptocurrency landscape. #EMJCapital #Bitcoin #SEC #cryptoregulations #bullmarket #cryptocurrency #investing #Thanksgiving #markettrends #BTC
🚀 Cryptocurrency Market Trends Amid Thanksgiving Week Economic Events
#Cryptocurrency #MarketTrends #Thanksgiving #Bitcoin #Ethereum #Altcoins #BullMarket #OptionsMarket #Volatility #Investing #Bitfinex #InterestRates #BTC #ETH
According to Odaily, this week marks Thanksgiving, with significant economic events and data releases scheduled for the Wednesday before the holiday. U.S. stock markets will be closed on Thursday and Friday, and recent volatility in crypto-related stocks has shown a strong correlation with the cryptocurrency market, warranting close attention.
Bitcoin is nearing the $100,000 milestone, just a step away from reaching this significant threshold. Last week, Ethereum experienced a substantial rebound, which spurred a broad increase in altcoin prices. The market sentiment is shifting from meme coins back to the main market. Over the weekend, there was a slight pullback, but the market's capacity to absorb this was strong, indicating a robust bull market in the spot market. The bullish sentiment remains dominant. The options market is relatively stable, with block trades and market interest rates being areas of interest. Currently, the implied volatility (IV) for major maturities is at a relatively low level, presenting a favorable opportunity to invest in mid-to-long-term options as the bull market gains momentum.
In the crypto interest rate market, Bitfinex's interest rate market has remained relatively stable recently. It is advisable to actively engage in transactions when suitable interest rate orders arise, especially during market movements. This stability and the potential for advantageous trades make it a noteworthy area for investors to monitor closely during this period.#Cryptocurrency #MarketTrends #Thanksgiving #Bitcoin #Ethereum #Altcoins #BullMarket #OptionsMarket #Volatility #Investing #Bitfinex #InterestRates #BTC #ETH
🚀 Key US Economic Data Released Early Due To Thanksgiving
#USEconomy #Thanksgiving #JoblessClaims #GDP #PCE #FederalReserve #MonetaryPolicy #EconomicIndicators
According to BlockBeats, several significant economic data releases and events in the United States have been rescheduled due to the Thanksgiving holiday. The adjustments affect the timing of key economic indicators and Federal Reserve communications.
The initial jobless claims and the revised GDP figures for the third quarter are now set to be released earlier than usual. These figures will be available on November 27 at 21:30 UTC+8. These data points are crucial for assessing the current state of the U.S. economy, providing insights into employment trends and economic growth during the third quarter.
Additionally, the Federal Reserve's preferred inflation measure, the monthly Personal Consumption Expenditures (PCE) inflation data, will also be released ahead of schedule. This data will be published on November 27 at 23:00 UTC+8. The PCE inflation data is closely watched by economists and policymakers as it reflects consumer spending patterns and inflationary pressures in the economy.
Furthermore, the minutes from the Federal Reserve's November monetary policy meeting will be made available earlier than planned. These minutes, which provide detailed insights into the discussions and decisions made by the Federal Reserve during their meeting, will be released on November 27 at 03:00 UTC+8. The minutes are expected to offer valuable information regarding the Federal Reserve's outlook on interest rates and economic conditions.
These adjustments in the release schedule are due to the Thanksgiving holiday, which falls on a Thursday, prompting the early dissemination of these important economic indicators and reports. The rescheduling ensures that market participants and analysts have timely access to the data, allowing for informed decision-making in the financial markets.#USEconomy #Thanksgiving #JoblessClaims #GDP #PCE #FederalReserve #MonetaryPolicy #EconomicIndicators
🚀 Ross Ulbricht Hints At Possible Release Amid Thanksgiving Message
#RossUlbricht #Thanksgiving #SilkRoad #CryptoCommunity #PrisonRelease #PoliticalChange #Bitcoin #Support #Advocacy
According to U.Today, Ross Ulbricht, the founder of the Silk Road darknet marketplace, recently took to the X platform, formerly known as Twitter, to extend Thanksgiving wishes to his followers. In his message, Ulbricht hinted at the possibility of his release from prison, expressing gratitude for the potential change in his circumstances. He stated, "We have a lot to be thankful for this year," suggesting optimism about his future.
Earlier in the week, Ulbricht tweeted about adjusting to the idea of being released soon, referencing a pledge made by a new U.S. political leader during their election campaign. The leader had promised to end Ulbricht's prison sentence upon taking office, arguing that the 11 years Ulbricht has already served is sufficient for his crimes. Ulbricht's message read, "I’m starting to get used to the reality that I could be home in a couple of months!"
The Silk Road, established in 2011, was a marketplace designed to facilitate trade without government oversight, using Bitcoin as the primary currency. However, it quickly became a hub for illegal activities, including drug and arms sales. The FBI shut down the platform in 2012, leading to Ulbricht's arrest and subsequent sentencing to two life terms in prison. As of September, Ulbricht has spent over 4,000 days incarcerated.
Throughout his imprisonment, Ulbricht has received significant support from the crypto community, which has been advocating for his release. Supporters have signed petitions and organized public campaigns to draw attention to his case, hoping for a reconsideration of his sentence in light of the recent political changes in the U.S.#RossUlbricht #Thanksgiving #SilkRoad #CryptoCommunity #PrisonRelease #PoliticalChange #Bitcoin #Support #Advocacy
🚀 U.S. House Appropriations Chair Seeks to Delay Government Shutdown
#US #House #Appropriations #TomCole #governmentshutdown #funding #budget #Congress #deadline #November #extension #fiscalyear2026 #September30 #Thanksgiving
According to BlockBeats, U.S. House Appropriations Committee Chairman Tom Cole announced efforts to delay a potential government shutdown until November. This move aims to provide more time for funding negotiations. Congress faces a deadline of September 30 to reach an agreement to maintain government funding, or risk the first shutdown in years.
Cole expressed his preference for a temporary measure extending until November, allowing lawmakers to negotiate the fiscal year 2026 bills while keeping funding at current levels. Discussions are underway to push the deadline to at least November 6, with Cole noting that the latest possible extension could be until November 20, before Thanksgiving.#US #House #Appropriations #TomCole #governmentshutdown #funding #budget #Congress #deadline #November #extension #fiscalyear2026 #September30 #Thanksgiving
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🚀 Senate Pushes for Government Restart Amid Legislative Deadlines
#Senate #GovernmentRestart #LegislativeDeadlines #USSenate #BankingCommittee #AgricultureCommittee #MarketStructureBills #Cryptocurrency #ArtificialIntelligence #DavidSacks #BipartisanDraft #Thanksgiving #Congress #Recess #HolidayRevisions #GovernmentShutdown
According to Foresight News, the U.S. Senate is considering holding additional meetings over the weekend to expedite the government's reopening before the upper chamber's recess next week. The sooner the government resumes operations, the earlier the Senate Banking Committee and Agriculture Committee can schedule revisions for their respective market structure bills, contingent upon receiving the bill texts. Key personnel have been working tirelessly this week to resolve critical issues, though the timeline for the draft's release remains uncertain.
David Sacks, the White House's head of cryptocurrency and artificial intelligence affairs, expressed optimism after speaking with the two primary drafters of the legislation on Wednesday, anticipating a bipartisan draft soon. The Agriculture Committee's bill text may include annotations indicating areas still under negotiation between the parties.
Senators initially aimed to complete revisions before Thanksgiving, but this now seems unlikely. If an agreement to restart the government is reached this weekend, only one week remains for meetings before the holiday, making December a more probable timeframe for revisions. However, given Congress's unpredictable nature, the outcome remains uncertain.#Senate #GovernmentRestart #LegislativeDeadlines #USSenate #BankingCommittee #AgricultureCommittee #MarketStructureBills #Cryptocurrency #ArtificialIntelligence #DavidSacks #BipartisanDraft #Thanksgiving #Congress #Recess #HolidayRevisions #GovernmentShutdown
🚀 Market Recovery Expected After Thanksgiving, Says Bitmine Chair
#MarketRecovery #Thanksgiving #Bitmine #TomLee #CryptoMarket #Bitcoin #Ethereum #WallStreet #Blockchain #Leverage #Liquidation #BTC #ETH
According to BlockBeats, Tom Lee, Chairman of Bitmine, addressed concerns about the financial gaps faced by one or two market makers. He suggested that the market might take 6–8 weeks to recover, potentially easing after Thanksgiving on November 27.
Previously, Lee commented on the current weakness in the crypto market, noting significant gaps in the balance sheets of a couple of market makers. He warned that sharks are circling, aiming to trigger liquidations and drive down Bitcoin prices. Despite these short-term pains, Lee assured that this would not alter Ethereum's super cycle, which involves Wall Street building an ecosystem on the blockchain. He advised against using leverage at this time to avoid liquidation.#MarketRecovery #Thanksgiving #Bitmine #TomLee #CryptoMarket #Bitcoin #Ethereum #WallStreet #Blockchain #Leverage #Liquidation #BTC #ETH
🚀 U.S. Thanksgiving Holiday Alters Economic Data Release Schedule
#Thanksgiving #economicdata #joblessclaims #EIAnaturalgasinventory #oildrillingdata #stockmarket #bondmarket #goldfutures #silverfutures #oilfutures #USeconomy
According to Odaily, the U.S. Thanksgiving holiday on November 27 is affecting the schedule for the release of key economic data. The initial jobless claims report will be released earlier than usual at 21:30 tonight, while the EIA natural gas inventory report is set for release at 01:00 tomorrow morning. Additionally, oil drilling data will be published at 02:00 tomorrow morning. On November 27, U.S. stock and bond markets will be closed for the holiday, and trading for gold, silver, and oil futures contracts will conclude earlier than usual. Investors are advised to take note of these changes.#Thanksgiving #economicdata #joblessclaims #EIAnaturalgasinventory #oildrillingdata #stockmarket #bondmarket #goldfutures #silverfutures #oilfutures #USeconomy
🚀 U.S. Dollar Faces Volatility Amid Thanksgiving Market Closure
#USDollar #Volatility #Thanksgiving #MarketClosure #Liquidity #CurrencyTrading #DollarDecline #FederalReserve #InterestRateCuts #BrentDonnelly #SpectraMarkets #WhiteHouse #Hassett #2026Trading
According to BlockBeats, the U.S. market closure for Thanksgiving on November 27 has led to reduced liquidity, amplifying currency trading volatility. The dollar is retreating from a six-month high reached a week ago, poised for its largest weekly decline since July.
Brent Donnelly, President of Spectra Markets, noted that market participants will soon focus on major trading strategies for 2026, and he strongly believes that going long on the dollar will not be among them.
He added that if White House economic advisor Hassett, who advocates for interest rate cuts, is appointed as the next Federal Reserve Chair, it could negatively impact the dollar.#USDollar #Volatility #Thanksgiving #MarketClosure #Liquidity #CurrencyTrading #DollarDecline #FederalReserve #InterestRateCuts #BrentDonnelly #SpectraMarkets #WhiteHouse #Hassett #2026Trading
🚀 Market Structure Improves Amid Japanese Central Bank Rate Hike Expectations
#MarketStructure #JapaneseCentralBank #RateHike #Wintermute #Deleveraging #Liquidity #SpotMarket #Bitcoin #Ethereum #Leverage #OpenInterest #PerpetualContracts #Macroeconomics #SpotTrading #Thanksgiving #MarketRestructure #BTC #ETH
According to ChainCatcher, Wintermute's market report indicates that expectations of a rate hike by the Japanese central bank have completely erased last week's stability, leading to widespread deleveraging. The market structure has been reset, with leverage significantly reduced, liquidity returning to neutral, and spot market participation notably increasing. Currently, everything is trading according to macroeconomic logic, but major currency pairs appear less fragile.
From a market structure perspective, conditions are actually improving. The basis has fallen to a cyclical low, with Bitcoin's 90-day annualized basis close to 4% to 5% and Ethereum near 3% to 4%, reflecting a continued increase in leveraged long positions. The total open interest in perpetual contracts has decreased from approximately $230 billion at the beginning of October to about $135 billion now, clearing a substantial amount of excess leverage and reducing the likelihood of further mechanical liquidations. The proportion of spot trading volume has increased, and considering the impact of the Thanksgiving holiday, the depth of spot supply is better than expected. Lower leverage, negative financing, and healthier spot participation are typically needed before the market restructures again after macroeconomic stabilization.#MarketStructure #JapaneseCentralBank #RateHike #Wintermute #Deleveraging #Liquidity #SpotMarket #Bitcoin #Ethereum #Leverage #OpenInterest #PerpetualContracts #Macroeconomics #SpotTrading #Thanksgiving #MarketRestructure #BTC #ETH