YZi Labs, the family office investment firm belonging to former Binance CEO Changpeng “CZ” Zhao, has announced “support” for 10X Capital to launch a BNB treasury company they aim to have trading publicly in the U.S.The move follows several other firms turning to the stockpiling of different cryptocurrencies as their prime function.

[Federal Reserve's Collins Says Will Monitor Signs of Labor Market Slowdown] Federal Reserve's Collins stated that current monetary policy is in the right position given the economy's resilience and expressed skepticism about the need for another rate cut next month. She mentioned that the September employment data released this week showed mixed results and will closely monitor signs of a labor market slowdown, believing this will influence her view on monetary policy.

Jim Cramer has turned bearish on Bitcoin without providing further details. （Bitcoin Archive）

[U.S. Stocks Open Slightly Higher, Mixed Performance in Crypto-Related Stocks] On November 21, the three major U.S. stock indices opened slightly higher. The Dow Jones Industrial Average rose 165 points, the S&P 500 Index gained 0.38%, and the Nasdaq Composite Index increased by 0.47%. Crypto-related stocks showed mixed performance, with the following movements: Strategy (MSTR) down 0.34%, Circle (CRCL) down 0.2%, Coinbase (COIN) up 0.7%, MARA Holdings (MARA) down 0.24%, Riot Platforms (RIOT) down 1.13%, Bitmine Immersion (BMNR) up 1.6%, and SharpLink Gaming (SBET) down 2.2%.

[UBS Expects Upcoming Data to Increase the Probability of a Fed Rate Cut Before Year-End] UBS Global Wealth Management strategists stated that the U.S. dollar might weaken, as several key data points to be released next week in the U.S. are expected to show weak performance. These include Tuesday's retail sales, consumer confidence, and pending home sales, as well as Wednesday's durable goods orders, weekly initial jobless claims, and new home sales. The strategists believe that these data will influence market expectations regarding economic growth, inflation, and Federal Reserve policy. They anticipate that weak data could lead the market to raise expectations for a rate cut in December, thereby putting pressure on the U.S. dollar before year-end.