US President Trump has stated that his only concern is whether the United States can take the lead in the cryptocurrency field. （Bitcoin Archive）

Binance TAO/USDT perpetual trading volume surged 6 times within 10 minutes, with a turnover of 204 million US dollars in the past 24 hours, an increase of 2.19% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world

Grayscale has submitted its initial registration application for Zcash Trust (ZCSH), which may pave the way for the launch of ZEC Exchange Traded Products (ETPs). （Cointelegraph）

[McKinsey: Artificial Intelligence May Impact the Extent of Fed Rate Cuts in 2026] McKinsey's Dustin Reid stated that AI-driven economic growth could suppress the extent of the Federal Reserve's anticipated rate cuts next year. Although the market expects the Fed to cut rates up to three times, faster growth may require tighter policies. The yield on the U.S. 10-year Treasury note is expected to rise from 4% to 4.4% by mid-2026.

[Bloomberg: Bitcoin Decline Reveals Reduced Volatility and Institutional Influence] On November 27, Bloomberg reported that Bitcoin's recent decline indicates a fundamental shift in the market. The sharp volatility that once attracted retail investors is diminishing, reflecting the growing influence of Wall Street on the infrastructure of the crypto market. Despite Bitcoin's 36% drop from its all-time high in early October, implied volatility remains low, suggesting that the institutionalization process is altering the way Bitcoin's risk is transmitted. In its early days, Bitcoin's value was primarily driven by speculation, with traders profiting from frequent and significant price swings.