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The probability of Bitcoin reaching $1 million before the release of GTA6 has risen to 48%
Jinse Finance reported that, according to the latest data from Polymarket, the probability of bitcoin reaching $1 million before the release of Grand Theft Auto 6 (GTA 6) has risen to 48%.
Jinse Finance reported that, according to the latest data from Polymarket, the probability of bitcoin reaching $1 million before the release of Grand Theft Auto 6 (GTA 6) has risen to 48%.
Moussalem: The recent job market has slowed down, but it is still close to full employment.
ChainCatcher News, according to Golden Ten Data, Federal Reserve's Musalem stated that the recent job market has slowed down somewhat, but overall remains close to full employment.
ChainCatcher News, according to Golden Ten Data, Federal Reserve's Musalem stated that the recent job market has slowed down somewhat, but overall remains close to full employment.
Musalem: The inflationary impact of tariffs will fade next year
According to Golden Ten Data, ChainCatcher reports that Federal Reserve official Musalem stated that tariffs are pushing up inflation, but their impact is expected to gradually fade next year.
According to Golden Ten Data, ChainCatcher reports that Federal Reserve official Musalem stated that tariffs are pushing up inflation, but their impact is expected to gradually fade next year.
Federal Reserve's Harker: The Fed does not need to raise interest rates to combat inflationary pressures
Jinse Finance reported that Federal Reserve's Harker stated she does not believe the Fed needs to raise interest rates to combat what she considers excessively high inflationary pressures, but she acknowledged that this view could change. Although inflation remains high, raising rates "is not her current baseline expectation." The Federal Reserve needs to maintain a moderately tight monetary policy to bring down inflation amid a weakening job market. She outlined factors that could change her view on interest rate policy. She said: "If we see the labor market is healthier than I perceive, if employment data does not indicate the economy is cooling but rather reflects changes in immigration flows, that could alter my perspective. If inflation continues to remain at such a high level instead of declining, then it may mean we need to raise rates in that situation."
Jinse Finance reported that Federal Reserve's Harker stated she does not believe the Fed needs to raise interest rates to combat what she considers excessively high inflationary pressures, but she acknowledged that this view could change. Although inflation remains high, raising rates "is not her current baseline expectation." The Federal Reserve needs to maintain a moderately tight monetary policy to bring down inflation amid a weakening job market. She outlined factors that could change her view on interest rate policy. She said: "If we see the labor market is healthier than I perceive, if employment data does not indicate the economy is cooling but rather reflects changes in immigration flows, that could alter my perspective. If inflation continues to remain at such a high level instead of declining, then it may mean we need to raise rates in that situation."
Next year's Fed voting members emphasize inflation risks and oppose further rate cuts
Jinse Finance reported that Loretta Mester, the 2026 FOMC voting member and President of the Cleveland Federal Reserve, stated on Thursday that persistently high inflation levels are unfavorable for the Federal Reserve to cut rates again, and she is concerned that monetary policy may not be adequately prepared to address current inflation. Mester said, "After last week's policy meeting, I believe monetary policy is barely restrictive, and in my view, there is currently no clear reason to take further policy action." Mester noted that the Federal Reserve continues to face inflationary pressures above its target, and the current monetary policy stance has almost no restraining effect on economic growth momentum. She opposed the Fed's decision to cut rates last week. Mester acknowledged there are issues in the labor market, but also warned that the unemployment rate remains low.
Jinse Finance reported that Loretta Mester, the 2026 FOMC voting member and President of the Cleveland Federal Reserve, stated on Thursday that persistently high inflation levels are unfavorable for the Federal Reserve to cut rates again, and she is concerned that monetary policy may not be adequately prepared to address current inflation. Mester said, "After last week's policy meeting, I believe monetary policy is barely restrictive, and in my view, there is currently no clear reason to take further policy action." Mester noted that the Federal Reserve continues to face inflationary pressures above its target, and the current monetary policy stance has almost no restraining effect on economic growth momentum. She opposed the Fed's decision to cut rates last week. Mester acknowledged there are issues in the labor market, but also warned that the unemployment rate remains low.
Disney announces multi-year partnership agreement with DraftKings
Jinse Finance reported that Disney has announced a multi-year partnership agreement with DraftKings, making it the official odds provider for ESPN Sports Network, replacing the previous partnership with Penn Entertainment.
Jinse Finance reported that Disney has announced a multi-year partnership agreement with DraftKings, making it the official odds provider for ESPN Sports Network, replacing the previous partnership with Penn Entertainment.
The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 70.6%, and the probability of a rate cut in January next year is 54.2%.
According to ChainCatcher, citing Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 70.6%, while the probability of keeping rates unchanged is 29.4%. By January next year, the probability of a cumulative 25 basis point rate cut is 54.2%, the probability of keeping rates unchanged is 17.7%, and the probability of a cumulative 50 basis point rate cut is 28.2%.
According to ChainCatcher, citing Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 70.6%, while the probability of keeping rates unchanged is 29.4%. By January next year, the probability of a cumulative 25 basis point rate cut is 54.2%, the probability of keeping rates unchanged is 17.7%, and the probability of a cumulative 50 basis point rate cut is 28.2%.
Ripple co-founder Chris Larsen's net worth soars to $15 billion
Jinse Finance reported that as the US government and Wall Street have become more accepting of cryptocurrencies, Ripple co-founder and chairman Chris Larsen's wealth has soared to approximately $15 billion. In August this year, the US Securities and Exchange Commission (SEC) ended its five-year lawsuit against Ripple. This week, investors including funds associated with Fortress Investment Group and Citadel Securities injected $500 million into Ripple, bringing the company's valuation to $40 billion.
Jinse Finance reported that as the US government and Wall Street have become more accepting of cryptocurrencies, Ripple co-founder and chairman Chris Larsen's wealth has soared to approximately $15 billion. In August this year, the US Securities and Exchange Commission (SEC) ended its five-year lawsuit against Ripple. This week, investors including funds associated with Fortress Investment Group and Citadel Securities injected $500 million into Ripple, bringing the company's valuation to $40 billion.
The US Dollar Index fell by 0.47%, closing at 99.735.
According to ChainCatcher, citing Jinse Finance, the US Dollar Index, which measures the dollar against six major currencies, fell by 0.47% on the day, closing at 99.735 in the late foreign exchange market. 1 euro exchanged for 1.1544 US dollars, higher than the previous trading day's 1.1486 US dollars; 1 pound exchanged for 1.3132 US dollars, higher than the previous trading day's 1.3047 US dollars; 1 US dollar exchanged for 153.14 Japanese yen, lower than the previous trading day's 154.11 yen; 1 US dollar exchanged for 0.8066 Swiss francs, lower than the previous trading day's 0.8104 Swiss francs; 1 US dollar exchanged for 1.4113 Canadian dollars, basically unchanged from the previous trading day; 1 US dollar exchanged for 9.5682 Swedish krona, higher than the previous trading day's 9.5654 krona.
According to ChainCatcher, citing Jinse Finance, the US Dollar Index, which measures the dollar against six major currencies, fell by 0.47% on the day, closing at 99.735 in the late foreign exchange market. 1 euro exchanged for 1.1544 US dollars, higher than the previous trading day's 1.1486 US dollars; 1 pound exchanged for 1.3132 US dollars, higher than the previous trading day's 1.3047 US dollars; 1 US dollar exchanged for 153.14 Japanese yen, lower than the previous trading day's 154.11 yen; 1 US dollar exchanged for 0.8066 Swiss francs, lower than the previous trading day's 0.8104 Swiss francs; 1 US dollar exchanged for 1.4113 Canadian dollars, basically unchanged from the previous trading day; 1 US dollar exchanged for 9.5682 Swedish krona, higher than the previous trading day's 9.5654 krona.
All three major U.S. stock indexes closed lower.
Jinse Finance reported that all three major U.S. stock indexes closed lower, with the Nasdaq down 1.9%, the S&P 500 Index down 1.12%, and the Dow Jones down 0.84%. Major technology stocks generally declined: Nvidia and Tesla fell more than 3%, Intel, Amazon, and Meta dropped more than 2%, Microsoft fell more than 1%, while Netflix and Apple saw slight declines; Google rose slightly. Notably, Microsoft has fallen for seven consecutive trading days, marking its longest losing streak since 2022. Robinhood dropped nearly 11%, marking its worst single-day performance since March.
Jinse Finance reported that all three major U.S. stock indexes closed lower, with the Nasdaq down 1.9%, the S&P 500 Index down 1.12%, and the Dow Jones down 0.84%. Major technology stocks generally declined: Nvidia and Tesla fell more than 3%, Intel, Amazon, and Meta dropped more than 2%, Microsoft fell more than 1%, while Netflix and Apple saw slight declines; Google rose slightly. Notably, Microsoft has fallen for seven consecutive trading days, marking its longest losing streak since 2022. Robinhood dropped nearly 11%, marking its worst single-day performance since March.