The total market value of cryptocurrencies is 2.88 trillion US dollars, with a 24-hour decline of 3.52%

[El Salvador increased its Bitcoin holdings by 8 BTC in the past 7 days, bringing the total to 6,375.18 BTC] El Salvador has added 8 Bitcoin to its holdings over the past 7 days, bringing its total Bitcoin holdings to 6,375.18 BTC, with an estimated total value of approximately $649 million.

[Galaxy Digital Research Head Lowers Bitcoin Year-End Target Price to $120,000] Galaxy Digital Research Head Alex Thorn stated in an interview with CNBC that the optimism investors had for Bitcoin at the beginning of the year has significantly cooled, with funds flowing into areas such as artificial intelligence, nuclear energy, quantum technology, and gold. He noted that the profit opportunities in these sectors have hindered Bitcoin investment allocation. Although he remains bullish on Bitcoin in the long term, Thorn has lowered his year-end target price from $185,000 to $120,000.

["'Position-Holding Whale' Weekly Loss Approximately $39.749 Million, Win Rate Drops to 69.57%"] Hyperbot data shows that the "Position-Holding Whale" (formerly 100% win rate whale) closed all Bitcoin long positions six hours ago, resulting in a weekly loss of approximately $39.749 million. Out of a total of 23 trades, 7 were losing trades this week, bringing the overall win rate down to 69.57%.

[Trump Administration Accused of Secretly Providing Tax Breaks to Wealthy Corporations] Reports indicate that the Trump administration, through proposed regulations by the U.S. Department of the Treasury, has provided large-scale tax breaks to ultra-wealthy corporations such as private equity firms, cryptocurrency companies, and foreign real estate investors. In October this year, the U.S. Internal Revenue Service (IRS) issued proposed regulations offering benefits to foreign investors in U.S. real estate; in August this year, the IRS proposed easing rules on multinational corporations' repeated reporting of losses to avoid taxes. Kyle Pomerleau, a senior fellow at the American Enterprise Institute, stated that the Treasury Department's implementation of tax reduction measures without legislative approval exceeds the authority granted by Congress and undermines constitutional principles.

[Sierra Leone Ministry of Technology Signs Memorandum of Understanding with Sign to Build Blockchain Infrastructure] On November 9, the Sierra Leone Ministry of Technology signed a memorandum of understanding with Sign to initiate the construction of national blockchain infrastructure. The first phase of the collaboration will focus on building a digital identity system and a local stablecoin payment system, providing low-cost, secure, and transparent digital services for citizens nationwide. During the visit, the Sign team met with Sierra Leone's Minister of Finance, Central Bank Governor, eGov App CEO, and representatives of the Christex Foundation, reaching a consensus on the technical roadmap, policy coordination, and implementation plan.