Department of Government Efficiency (DOGE): US Congress provides $516 billion for expired projects

[Galaxy Digital Research Head Lowers Bitcoin Year-End Target Price to $120,000] Galaxy Digital Research Head Alex Thorn stated in an interview with CNBC that the optimism investors had for Bitcoin at the beginning of the year has significantly cooled, with funds flowing into areas such as artificial intelligence, nuclear energy, quantum technology, and gold. He noted that the profit opportunities in these sectors have hindered Bitcoin investment allocation. Although he remains bullish on Bitcoin in the long term, Thorn has lowered his year-end target price from $185,000 to $120,000.

["'Position-Holding Whale' Weekly Loss Approximately $39.749 Million, Win Rate Drops to 69.57%"] Hyperbot data shows that the "Position-Holding Whale" (formerly 100% win rate whale) closed all Bitcoin long positions six hours ago, resulting in a weekly loss of approximately $39.749 million. Out of a total of 23 trades, 7 were losing trades this week, bringing the overall win rate down to 69.57%.

[Trump Administration Accused of Secretly Providing Tax Breaks to Wealthy Corporations] Reports indicate that the Trump administration, through proposed regulations by the U.S. Department of the Treasury, has provided large-scale tax breaks to ultra-wealthy corporations such as private equity firms, cryptocurrency companies, and foreign real estate investors. In October this year, the U.S. Internal Revenue Service (IRS) issued proposed regulations offering benefits to foreign investors in U.S. real estate; in August this year, the IRS proposed easing rules on multinational corporations' repeated reporting of losses to avoid taxes. Kyle Pomerleau, a senior fellow at the American Enterprise Institute, stated that the Treasury Department's implementation of tax reduction measures without legislative approval exceeds the authority granted by Congress and undermines constitutional principles.

[Sierra Leone Ministry of Technology Signs Memorandum of Understanding with Sign to Build Blockchain Infrastructure] On November 9, the Sierra Leone Ministry of Technology signed a memorandum of understanding with Sign to initiate the construction of national blockchain infrastructure. The first phase of the collaboration will focus on building a digital identity system and a local stablecoin payment system, providing low-cost, secure, and transparent digital services for citizens nationwide. During the visit, the Sign team met with Sierra Leone's Minister of Finance, Central Bank Governor, eGov App CEO, and representatives of the Christex Foundation, reaching a consensus on the technical roadmap, policy coordination, and implementation plan.

Binance WLFI/USDT's perpetual trading volume surged 6 times within 10 minutes, with a turnover of 56.61 million US dollars in the past 24 hours, a decrease of 2.42% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world