[Morph Foundation Announces Quarterly Burn Mechanism and Application Expansion Plan for BGB Token] Morph Foundation has announced the latest allocation plan for its 220 million BGB tokens and introduced a new quarterly burn mechanism. The BGB supply will be linked to the actual usage of the Morph network, with the burn scale determined by ecosystem fees, average price, and community governance parameters. With the Viridian upgrade and support for EIP-7702, BGB can be used to pay for Morph network Gas, making it one of the first ERC-20 tokens to serve as native Gas on Layer 2. Morph stated that this update will strengthen BGB's role in Gas, governance, and settlement, while driving its application expansion in the DeFi and PayFi sectors.

[Survey Shows 53% of Economists Expect Bank of Japan to Raise Rates to 0.75% in December] A Reuters survey indicates that 53% of economists expect the Bank of Japan to raise interest rates to 0.75% in December. Additionally, economists unanimously believe that the Bank of Japan will raise rates to at least 0.75% by the end of the first quarter next year. The wage increase from next year's labor negotiations is expected to be 4.90%, lower than this year's 5.25%.

[Republican Lawmakers Lukewarm on Trump's $2,000 'Tariff Dividend' Plan] Trump proposed a plan to distribute $2,000 to low- and middle-income households, funded by tariff revenues. However, several Republican lawmakers have expressed reservations, questioning whether the plan could gain congressional approval. Lawmakers are more inclined to use tariff revenues to reduce the fiscal deficit, arguing that U.S. public debt is nearing historic highs and that fiscal discipline should be prioritized. Additionally, some lawmakers are considering using the tariff revenues to extend subsidies under the Affordable Care Act, which are set to expire on December 31. Without an extension, millions of Americans could face significant increases in insurance premiums.

[Fed Minutes Impact Rate Cut Expectations, International Spot Gold Temporarily Holds the $4,000 Mark] The Fed minutes have dampened market expectations for rate cuts, and international spot gold, after surging and retreating from its high, is temporarily holding the $4,000 per ounce mark.

[ZEC Short Position Whale Account Liquidated to Zero After 7 Consecutive Liquidations] On November 20, on-chain AI analysis tool CoinBob detected that after ZEC's price returned above $680, the ZEC short position of a BTC whale (address 0x7b7), who had previously been liquidated for $97 million, experienced 7 consecutive liquidations in a short period and was completely wiped out, leaving the account balance at zero. Yesterday, this whale's ZEC short position was approximately $19 million, with unrealized profits peaking at $2.4 million. However, after stop-loss orders to close the shorts and minor rolling adjustments, the average price briefly dropped to $655. (This address belongs to a well-known player on Roobet and Stake.com.) Since transferring $7 million to Hyperliquid on November 6, the account has been actively trading. On November 17, during a BTC short position, a single liquidation of nearly $97 million occurred, briefly making it the largest BTC short position on Hyperliquid.