1. CPI recorded at 3%, lower than the expected 3.10%, market sentiment heats up
2. Deutsche Bank expects the Federal Reserve to end quantitative tightening next week
Deutsche Bank strategists stated in a report that they expect the Federal Reserve to announce the cessation of balance sheet reduction at next week's policy meeting, rather than at the December meeting. This move aims to avoid a "serious blow" to the Fed's policy credibility due to the continued unexpectedly high repo rates this week. -Original text
3. JPMorgan announces it will allow Bitcoin as collateral for institutional clients
JPMorgan announced it will allow institutional clients to use Bitcoin and Ethereum as collateral to support related financial transactions. This move marks a further increase in traditional financial institutions' acceptance of cryptocurrencies. -Original text
4. Coinbase CEO meets with 25 senators to promote crypto legislation
[Coinbase CEO Brian Armstrong met with 25 senators over the past two days, aiming to push for the completion of crypto market structure legislation.] -Original text
5. SpaceX transfers 1,215 BTC worth about $133 million
After transferring Bitcoin worth $268 million three days ago, SpaceX has once again transferred 1,215 BTC, valued at about $133 million. Currently, there are no signs of any sale or redistribution on-chain. -Original text
6. EU preliminarily finds Meta in violation of the Digital Services Act, may face huge fines
The European Commission stated that it has preliminarily determined that Meta Platforms Inc. violated the EU Digital Services Act. If Meta fails to rectify the alleged violations, it could face fines of up to 6% of its global turnover. -Original text
7. Federal Reserve plans to reform bank stress tests, transparency sparks controversy
The Federal Reserve announced a comprehensive reform of the annual stress tests for large banks, planning to make public the previously confidential models and the design process for hypothetical recession scenarios, and to seek public comment. Fed Vice Chair for Supervision Bowman stated that this move will enhance transparency, but Governor Barr opposed it, arguing that disclosing too many details could undermine the credibility of the tests, as banks might adjust data to meet minimum capital requirements. The Fed Board is expected to advance the proposal and finalize it next year after soliciting public opinion. -Original text
8. Whale address withdraws 1,470 BTC worth $163 million
Whale address bc1q8e withdrew 1,470 BTC from Binance in the past hour, worth about $163 million at current prices. It is still unclear what further actions this address intends to take. -Original text
