BTC falls below the $94500 mark

[Trump Says Stock Market Hits Record Highs Multiple Times and Inflation Almost Nonexistent] On November 3, U.S. President Trump stated that the stock market has hit record highs multiple times, with almost no inflation.

OKX-ETH/USDT is currently trading at $3897.08, with a 5-minute increase of 0.06%. Please be aware of market fluctuations.

[U.S. Senator Warren's Lawyer Responds to Defamation Allegations by Changpeng Zhao: Statements Are Well-Founded] On November 2, 2025, the lawyer for U.S. Senator Elizabeth Warren issued a statement in response to defamation allegations made by Binance CEO Changpeng Zhao, asserting that the statements in question are fact-based and do not constitute defamation. The lawyer emphasized that Changpeng Zhao pleaded guilty in 2023 to violating the U.S. Bank Secrecy Act, admitting to failing to establish effective anti-money laundering mechanisms, which constitutes a criminal offense. The statement referenced a press release issued by the U.S. Department of Justice on November 21, 2023, confirming that Binance and Changpeng Zhao pleaded guilty to charges of violating the Bank Secrecy Act, illegal money transfers, and sanctions violations, agreeing to pay over $4 billion in fines. Warren's team pointed out that the plea agreement and press release publicly disclosed by the Department of Justice support the related statements made on social media.

[Probability of Fed Rate Cut in December Reaches 69.8%] According to data from the CME FedWatch Tool, the probability of the Federal Reserve cutting interest rates by 25 basis points in December this year is 69.8%, while the probability of maintaining rates unchanged is 30.2%. Looking ahead to January next year, the probability of the Fed cumulatively cutting rates by 25 basis points is 56.6%, the probability of maintaining rates unchanged is 20.2%, and the probability of cumulatively cutting rates by 50 basis points is 23.2%.

[Over 95% of Cryptocurrency Mining Equipment in Iran Operates Illegally] Iranian authorities estimate that out of the 427,000 active cryptocurrency mining devices in the country, over 95% are operating without authorization. Akbar Hasan Beklou, CEO of Tehran Province Electricity Distribution Company, stated that Iran has become the world's fourth-largest cryptocurrency mining hub, primarily due to electricity subsidies attracting illegal miners. These illegal devices consume over 1,400 megawatts of electricity daily, severely impacting the stability of the national power grid. Beklou pointed out that most illegal miners disguise themselves as industrial facilities to obtain low-cost electricity.