Trump team supports Kevin Warsh as US Treasury Secretary, discussions continue

VanEck CEO Jan van Eck questioned the encryption security of Bitcoin for quantum computing and stated that if the encryption mechanism of Bitcoin is fundamentally disrupted, VanEck will choose to withdraw from the relevant field. （Cointelegraph）

[Multiple Institutions to Reduce MSTR Holdings in Q3 2025, Amounting to Approximately $5.4 Billion] November 24 news: Multiple institutions are set to actively reduce their holdings in MicroStrategy (MSTR) during the third quarter of 2025, with the reduction amounting to approximately $5.4 billion. During the same period, Bitcoin's price remained around $95,000, while MSTR's stock price largely traded sideways, indicating an active reallocation rather than passive liquidation. Major funds such as Capital International, Vanguard, BlackRock, and Fidelity have all significantly reduced their positions. Reports suggest that Wall Street is gradually shifting toward more direct and compliant Bitcoin exposure, such as spot ETFs and custody solutions.

Hyperbot data shows that the smart money address (0x9263), which previously achieved a record of 25 consecutive wins, opened a new 10x leveraged ZEC short position 2 hours ago. The current position is 9,242 ZEC, with a liquidation price of $718.7, and is currently in an unrealized profit state. Due to today's rebound in the cryptocurrency market, the address's 40x leveraged Bitcoin short position and 20x leveraged SOL short position have shifted from profit to loss, with total unrealized losses exceeding $2.5 million. The liquidation prices are $90,700 and $138.2, respectively. This address had previously suffered forced liquidation of long positions due to a brief market crash, ending its streak of consecutive wins.

Bitmine has added 28625 ETH purchases, with a total value of approximately 82.11 million US dollars. （Lookonchain）

[CICC Expects Gold Prices to Rise to $4,500 per Ounce by 2026] A research report by CICC points out that the current rally in the precious metals market is primarily driven by cyclical demand for gold, with silver prices outperforming gold in terms of gains. The report predicts that by 2026, COMEX gold prices will rise to $4,500 per ounce, and silver prices will reach $55 per ounce, indicating further upside potential. The firm believes that cyclical investment demand for precious metals has not yet peaked, influenced by the potential shift to a more accommodative U.S. monetary policy in the short term and the risk of long-term inflation expectations becoming unanchored. Furthermore, the allocation value of physical gold and the strategic resource attributes of silver will become more prominent under the new macroeconomic order, supporting global central bank gold purchases, private physical investments, and regional stockpiling.