Economist: US inflation data may stabilize at the Federal Reserve's target level by the end of next year or early 2026

On chain monitoring shows that Maji has long ETH at an average price of $2910 with $500000, and the current ETH price has rebounded to over $3000, making a profit of $1.54 million. Previously, he had used $1 million in funds to fall from $2.08 million to a loss state. At present, its multi position liquidation price is $2881, which poses certain risks. (Ashes)

[The Federal Reserve Ends Three-Year Loss Period, Returns to Profit in Early November] The Federal Reserve has reversed its three-year loss period, with data showing it returned to profitability starting in early November. The scale of deferred assets decreased from $243.8 billion on November 5 to $243.2 billion on November 26. Rate cuts have reduced the Federal Reserve's costs of paying banks to maintain the federal funds rate target range. After peaking at 5.25% to 5.5% in 2023, the Federal Reserve's federal funds rate is now maintained at 3.75% to 4%. Officials, concerned about labor market conditions, may consider further rate cuts in the future.

[ETH Returns to $3,000, Market Holds Optimistic Expectations for Fusaka Upgrade] The price of ETH has returned to the $3,000 mark, with market analysts attributing this to optimistic expectations surrounding the upcoming Fusaka upgrade. Meanwhile, major altcoins like SOL and BNB have generally risen, pushing the total cryptocurrency market capitalization to approximately $3.2 trillion. BRN's Head of Research, Timothy Misir, pointed out that part of this rally is due to a significant short squeeze above $93,000 in BTC, which triggered a wave of forced buying. Additionally, the U.S. Bitcoin spot ETF has recorded positive inflows for the fifth consecutive day, with the latest net inflow amounting to approximately $58.5 million.

[Bitcoin Rises to $93,000, CME Bitcoin and Ethereum Open Interest Declines] Bitcoin's price rose 6.6% within 24 hours, reaching $93,000, but the prices of BTC and ETH put options on the Deribit platform remain higher than call options. The open interest of CME Bitcoin futures dropped to 121,670 contracts, the lowest level since February 2024; the open interest of Ethereum futures fell to 1.95 million ETH, the lowest level since September.

[ADP Employment Data May Influence Federal Reserve Rate Decision] At 21:15 Beijing time on Wednesday (UTC+8), ADP will release the latest U.S. private sector employment data, which is expected to show a relatively stable labor market in November. Analysts point out that if the data does not indicate a significant decline in employment, Federal Reserve officials may be more inclined to maintain stable interest rates next week to address concerns about inflation exceeding the 2% target.