Michael Saylor: Bitcoin is America's manifest mandate

Former Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Chris Giancarlo, posted on X platform, saying, "Regarding the reports of my candidacy for the position of Chairman of the U.S. Securities and Exchange Commission (SEC), I have made it clear that I have cleaned up the mess left by Gary Gensler during his time at CFTC and do not want to repeat the same mistake. The rumors circulating in Washington D.C. about my interest in certain cryptocurrency related positions at the U.S. Treasury Department are also false

According to Foresight News, the dogwifcoin (WIF) X account of the Meme project is suspected to have been hacked, and multiple token contract information have been continuously released. Users are advised to remain vigilant.

BlockBeats News: On November 15th, QCP Capital announced on its official channel that, given the strong upward trend of Bitcoin since the US election, it believes that the target price of $100000 to $120000 may not be far away. When preparing for the next upward trend in the market, it is important to pay attention to the following trends and risk factors: ·Due to many large participants being prepared for it and selling call options in the uptrend, implied volatility has been decreasing. With each new high, the trading platform observes that the market is selling call options and buying put options to hedge against downside risks. ·The market is still highly leveraged, especially in altcoins, where a large amount of leverage operations push perpetual funding rates (1 year) up to 50-100%. So, especially for altcoins, the risk of deleveraging may be quite high. QCP Capital believes that the potential strength of BTC represents a systemic shift in the market in anticipation of Trump's return to the White House. His idea of launching strategic BTC reserves and rotating from gold to BTC provides a strong bullish view that can maintain support for BTC prices.

According to Bloomberg, Intesa Sanpaolo SpA is expanding the scope of its digital asset division to handle spot trading of cryptocurrencies, marking the latest move by traditional banks to penetrate new markets. According to informed sources, Italy's largest bank established a proprietary cryptocurrency trading department within its corporate and investment banking division in 2023. Since then, the department has only traded cryptocurrency options, futures, and exchange traded funds. Although spot trading has not yet started, the trading counter has obtained the necessary internal approvals and technical systems about a month ago. Cassie Craddock, Managing Director of Ripple UK and Europe, confirmed that the Italian Union Bank of Sao Paulo has partnered with Ripple Custody (formerly known as Metaco) to build custody functions for any type of tokenized asset.

BlockBeats News: On November 15th, an ally of US President elect Trump in the US Senate formulated a plan aimed at filling Trump's proposed strategic Bitcoin inventory without increasing the government deficit by selling off some of the Federal Reserve's gold. Wyoming Republican Senator Cynthia Lummis plans to push for a bill when the new Congress takes office next year. The bill requires the United States to purchase 1 million bitcoins, accounting for nearly 5% of outstanding tokens. Based on current market prices, this acquisition will cost approximately $90 billion, but if the bill is passed and investors act before the government makes a purchase, the amount required for the acquisition may increase. (Golden Ten)