**[Fed's December Rate Cut Expectations May Ease Pressure on Asian Emerging Market Currencies]** The market widely expects that the Federal Reserve's December rate cut will ease pressure on Asian emerging market currencies. The Fed's monetary policy easing could help the Reserve Bank of India alleviate depreciation pressure on the rupee and provide breathing room for weaker currencies such as those of Indonesia, South Korea, and the Philippines. This week, the rupee fell below the 90 mark against the U.S. dollar for the first time, while the Korean won has dropped more than 4% this quarter. Wee Khoon Chong, a strategist at BNY Mellon, stated that the Fed's policy easing could support Asian foreign exchange markets, with currencies like the Korean won, which have strong growth and sound fiscal conditions, potentially performing better. However, the Indian rupee still faces risks from high tariffs and slowing growth, while the Philippine peso is weighed down by the central bank's dovish stance. TS Lombard strategists recommend going long on Asian currencies at this time.

[Reports Suggest Bank of Japan May Raise Rates to 0.75% in December, Government Will Not Intervene] Three Japanese government sources revealed that the Bank of Japan may raise the policy rate from 0.5% to 0.75% in December, and the government is expected not to intervene in this decision. Governor Kazuo Ueda stated on Monday that he would weigh the 'pros and cons' of a rate hike this month, hinting at a high likelihood of a rate increase during the December 18-19 meeting. The market has priced in an approximately 80% probability of a December rate hike, but some market participants are focusing on the reaction of Prime Minister Sanae Takaichi's government. Ueda's stance on the extent of future rate hikes remains unclear.

[BitMine Increases Ethereum Holdings by Approximately $150 Million] Ethereum treasury company BitMine has increased its holdings by approximately $150 million in ETH.

[EU Plans to Launch Antitrust Investigation into Meta, Focusing on WhatsApp's Integration of AI Features] The European Union plans to launch a new antitrust investigation into Meta's integration of artificial intelligence features into its messaging app WhatsApp. Reportedly, the European Commission will investigate how Meta introduced its 'MetaAI' system into WhatsApp earlier this year. This investigation falls under the scope of traditional antitrust laws rather than the Digital Markets Act (DMA). Italy's antitrust authority has already initiated a related investigation into Meta, accusing the company of leveraging its market dominance to integrate AI features into WhatsApp without user consent. The European Commission is expected to officially announce this investigation in the coming days, though the exact timing may be subject to change.

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