The US government holds over $20.56 billion in cryptocurrency

[New York Fed President Williams: December Rate Decision Will Need to Weigh Multiple Factors] New York Fed President Williams stated that the financial pressures faced by U.S. middle- and low-income groups could pose a threat to the resilience of the U.S. economy, while wealthy households have benefited from the stock market boom. He pointed out that the December rate decision will be a balancing act and emphasized that the current inflation level remains high, with no signs of a downward trend yet. He also mentioned that middle- and low-income households are constrained in terms of affordability, which poses risks to consumer confidence and spending.

**[Rumble and Northern Data Nearing All-Stock Merger Agreement]** Rumble Inc. is advancing plans for an all-stock acquisition of German data center company Northern Data AG, with the target company's valuation below its $894 million market capitalization. Both companies are backed by stablecoin issuer Tether, and the agreement is expected to be announced in the coming days. Rumble plans to adjust the share exchange ratio to approximately 2 Rumble shares for 1 Northern Data share, lower than the previously proposed 2.319 shares. As part of the deal, Tether will waive most of the €575 million loan it provided to Northern Data and may assume potential tax liabilities and commit to power supply guarantees. Due to a decline in stock prices, the merged entity's market capitalization is expected to drop to $2.9 billion, lower than the originally planned $4.5 billion.

OKX-ETH/USDT is currently trading at $3607.53, up 0.14% in 5 minutes. Please be aware of market fluctuations.

[BlackRock IBIT Holdings Market Value Exceeds $82.4 Billion] As of November 7, official data from BlackRock shows that the market value of IBIT holdings has reached $82,410,378,912, with a holding quantity of 797,013.76 BTC.

The US government currently holds $20.56 billion worth of cryptocurrency, of which $20.42 billion is Bitcoin. （Cointelegraph）