[U.S. November Budget Deficit Drops to $173 Billion]
Data from the U.S. Treasury Department shows that the U.S. government’s budget deficit for November dropped to $173 billion. Total spending in November was $509 billion, down from $669 billion in November 2024. Treasury officials stated that part of the reason was payment delays caused by the recently ended government shutdown.
Tom Lee, Chairman of BitMine Immersion Technologies, stated that Ethereum has hit bottom and BitMine Immersion Technologies is actively buying in as a result. (Decrypt)
As Bitcoin's annual return rate falls to negative values, tokenized commodities have performed better than Bitcoin this year, and investors have turned to on chain gold and silver as safe haven assets. (Cointelegraph)
[Powell: A 25 Basis Point Rate Cut May Have Little Impact on Housing Affordability]
Federal Reserve Chairman Powell stated that a 25 basis point rate cut by the Federal Reserve may have little impact on housing affordability.