[G20 Financial Stability Board Calls for Strengthened Global Regulation of Private Credit and Stablecoins] Andrew Bailey, Chairman of the G20 Financial Stability Board (FSB), stated in a letter to G20 leaders that the rapid development of private credit markets and stablecoins requires enhanced global regulatory collaboration. He warned that differences among countries in stablecoin regulation and prudential frameworks could increase systemic risks and called for the establishment of cross-border compliance mechanisms. Additionally, he emphasized that the slow progress of major economies in implementing the Basel III global banking capital standards warrants attention.

Solana ETF has achieved fund inflows for 17 consecutive days, with a total net demand of $476 million. However, futures data shows that SOL is facing selling pressure around $140, which may pull the price back to around $120. （Cointelegraph）

[U.S. Treasury Secretary Besent Suggests Fed to Continue Rate-Cut Cycle] On November 21, U.S. Treasury Secretary Besent stated that the Federal Reserve should focus on the data and continue the rate-cut cycle.

[U.S. Treasury Secretary Besent Suggests Fed Continue Rate-Cut Cycle] U.S. Treasury Secretary Besent stated that the Federal Reserve should continue its rate-cut cycle.

[CBO Lowers Estimate of Trump's Tariff Policy Impact on Deficit Reduction] The U.S. Congressional Budget Office (CBO) estimates that if Trump's policy of increasing tariffs on foreign imports continues until 2035, the U.S. fiscal deficit will be reduced by $3 trillion, down from the $4 trillion forecast in August. CBO stated that over the next 11 years, the primary fiscal deficit will decrease by $2.5 trillion, and government borrowing costs will drop by approximately $500 billion, compared to the August estimates of $3.3 trillion and $700 billion, respectively. This revision is based on new data and recent adjustments to tariff policies by the Trump administration.