BTC falls below the $90000 mark

HSBC plans to launch tokenized deposit services in the United States and the United Arab Emirates in the first half of 2026, providing 24/7 instant transfer capabilities to corporate customers. The banking industry is gradually adopting tokenization technology to replace stablecoins. （Cointelegraph）

[Strategist Says Fed Meeting Minutes May Confirm Uncertainty Over December Rate Cut] Ebury strategist Matthew Ryan stated that the minutes of the Fed's October policy meeting are expected to confirm that a December rate cut is not certain, mainly due to ongoing concerns about U.S. inflation. The futures market is pricing the probability of a rate cut next month at less than 50%, and even if Thursday's non-farm payroll report shows weak performance, it may not significantly change the current situation.

Machi has added 250000 USDC on the Hyperliquid platform to continue increasing its ETH long position. Currently, the position size is 3000 ETH, with a total value of approximately $8.77 million and a liquidation price of $2886.9. （Lookonchain）

After a rare spot of outperformance on Tuesday, bitcoin has resumed sliding, with one analyst eyeing $84,000–$86,000 as potential local bottom.

[Federal Reserve Chair Candidate Hassett Says Tariff Rebate Checks Could Be Considered] White House National Economic Council Director Hassett stated that Congress may have room next year to consider drafting tariff rebate checks. He mentioned that the tariff rebate payment proposal advocated by Trump could be included in the 2026 reconciliation bill and believes that considering tariff rebate checks is possible if tariff revenues increase without triggering stagflation. Additionally, Hassett pointed out that the surge in prices in recent years has led to a decline in real income, and consumer price pressures may not have fully eased, affecting affordability.