The bankruptcy cost of FTX is close to $950 million, making it the most expensive bankruptcy case in US history

[McKinsey: Artificial Intelligence May Impact the Extent of Fed Rate Cuts in 2026] McKinsey's Dustin Reid stated that AI-driven economic growth could suppress the extent of the Federal Reserve's anticipated rate cuts next year. Although the market expects the Fed to cut rates up to three times, faster growth may require tighter policies. The yield on the U.S. 10-year Treasury note is expected to rise from 4% to 4.4% by mid-2026.

[Bloomberg: Bitcoin Decline Reveals Reduced Volatility and Institutional Influence] On November 27, Bloomberg reported that Bitcoin's recent decline indicates a fundamental shift in the market. The sharp volatility that once attracted retail investors is diminishing, reflecting the growing influence of Wall Street on the infrastructure of the crypto market. Despite Bitcoin's 36% drop from its all-time high in early October, implied volatility remains low, suggesting that the institutionalization process is altering the way Bitcoin's risk is transmitted. In its early days, Bitcoin's value was primarily driven by speculation, with traders profiting from frequent and significant price swings.

[BlackRock Withdraws 953 BTC and 15,722 ETH from Coinbase Prime] According to Lookonchain monitoring, BlackRock withdrew 953 BTC and 15,722 ETH from Coinbase Prime 20 minutes ago.

US Vice President JD Vance has stated that Bitcoin will become a strategically important asset for the United States. （Bitcoin Archive）

[Bithumb to Suspend USDT Market Beta Testing Service, Reopening Time Undetermined] South Korean financial regulators have requested Bithumb to suspend its USDT market service, which allows users to trade Bitcoin and nine high-market-cap altcoins using USDT. These 10 assets can still be traded in the Korean Won market. Bithumb stated that the service is in the Beta testing phase and involves an order book sharing agreement with Stellar. Due to system maintenance, the service will be closed at 11:00 AM KST on November 28, with the reopening time to be announced later.