**[Federal Reserve Internal Divisions Intensify, May Impact Future Rate Cut Decisions]** Nick Timiraos, known as the "Fed's mouthpiece," wrote that Trump is expected to appoint a new Federal Reserve Chair next May, which could lead to a significant drop in interest rates. However, opposition within the Fed to a rate cut in December is growing, potentially affecting the realization of this plan. Powell faces the most severe internal resistance of his term at the December meeting, whether he chooses to hold rates steady or cut them. This division may persist into next year. For over 30 years, Federal Reserve Chairs have sought broad consensus in interest rate decisions, but the December meeting may see three or more dissenting votes, with monetary policy outcomes potentially decided by a narrow majority. Evercore ISI economist Krishna Guha stated that the Fed's decision-making process is at risk of breaking down, and the committee may face serious fragmentation.

**[Nakamoto CEO Criticizes MSCI for Removing Digital Asset Reserve Companies, Calls for Regulatory Review]** David Bailey, CEO of Nakamoto and Chairman of Bitcoin Magazine, posted on the X platform regarding MSCI's removal of digital asset reserve companies. He stated that this move reflects discriminatory and capricious behavior toward Bitcoin and digital asset companies, labeling it as "Operation Choke Point 3.0." Bailey questioned why Bitcoin is being singled out while other commodity-related industries such as oil, gold, and agriculture still qualify for index inclusion. He pointed out that this policy could lead to the forced sale of tens of billions of dollars in Bitcoin stocks, the loss of hundreds of billions of dollars in future revenue, and negatively impact investments in Bitcoin startups and private companies. Furthermore, it could hinder publicly traded companies from holding Bitcoin and weaken the United States' leadership in the global industry. He called on Congress and regulatory agencies to intervene and review the matter, emphasizing that banks and index providers should not exclude capital markets funding from the industry.

[Whale increases holdings by approximately 24,000 Ethereum from Binance, total holdings reach 489,000 ETH] According to OnchainLens monitoring, the 'whale that borrowed 66,000 ETH' purchased 23,995 Ethereum from Binance, valued at $65.13 million. Currently, this whale holds 489,694 Ethereum, with a total value of approximately $1.35 billion.

[U.S. Government Considers Approving NVIDIA to Export H200 Chips to China] The Trump administration is reviewing whether to allow NVIDIA to export H200 artificial intelligence chips to China. It is reported that the U.S. Department of Commerce is evaluating adjustments to export restrictions to China, but the relevant plans have not yet been finalized. Neither the U.S. Department of Commerce nor NVIDIA has responded to this matter.

A whale address purchased 1146.84 million ETH (319.4 million US dollars) in the past two days and currently holds 489.66 million ETH (1.35 billion US dollars). The debt of this address on Aave is $647.7 million, and the ETH clearing price is approximately $1594. （Lookonchain）