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[Trump Says U.S. Government Shutdown May Be Nearing an End] U.S. President Trump stated that the U.S. is 'very close' to ending the government shutdown.
[The U.S. Dollar's Trend May Be Influenced by CPI and Non-Farm Payroll Data, University of Michigan Consumer Confidence Weakens] The government shutdown deadlock is expected to be resolved, and the U.S. dollar's trend is likely to be determined by upcoming CPI and non-farm payroll data. The University of Michigan Consumer Confidence Index performed poorly, with data weakening beyond expectations. Whether this will affect Federal Reserve Chair Powell's previously hawkish stance remains to be seen.
**[U.S. Senate Passes Procedural Vote to End Government Shutdown, Some Moderate Democrats Defect]** On November 10, the U.S. Senate passed a procedural vote to "end the government shutdown." Although Senate Democratic Leader Chuck Schumer from New York and most Democratic senators voted against it, some moderate Democrats defected. Ultimately, five Democrats changed their stance, helping Republicans secure the necessary votes. Previously, three conservative Republican senators had delayed the vote due to issues with the spending bill, but after discussions with Trump, they cast their votes in favor. Within the Democratic Party, opinions on the proposal were divided. Schumer stated he could not genuinely support it, while Vermont Independent Senator Bernie Sanders and Connecticut Democratic Senator Chris Murphy both urged Democrats to stand firm. Democrats had voted 14 times against reopening the government, demanding an extension of tax credit policies under the Affordable Care Act. Meanwhile, Republican leaders secretly collaborated with moderate Democrats to push the agreement forward.
[ZEC Largest Bull Reduces Position to Take Profit, Holdings Drop to 55,000 Coins] According to hyperbot data, the largest ZEC bull has reduced their position, with holdings dropping from 60,000 coins to 55,000 coins. The account has an unrealized profit of $5.15 million, with an average entry price of $555, a liquidation price of $513, and a position value of $35.7 million. Previously, the account's floating profit plummeted from a peak of $12 million to less than $1 million, a drop of over 90%, before recovering to $5.15 million following ZEC's rebound. After experiencing significant volatility, the account chose to reduce its position and take profit.
[Huang Licheng's Ethereum Long Position Has Increased to 5,600 ETH] According to Onchain Lens data, Machi (Huang Licheng) currently holds a 25x leveraged long position in Ethereum, which has increased to 5,600 ETH, with a total value of approximately $20 million and a floating profit of $960,000.
Federal Reserve Governor Stephen Milan stated that the growth in demand for stablecoins may lower interest rates and predicted that the market size could reach $3 trillion in the next five years. (Cointelegraph)