ETH falls below the $3300 mark

[Federal Reserve's Hammack: Monetary Policy Needs to Stay Tight to Curb Inflation] Federal Reserve's Hammack stated that although the U.S. dollar is not a core topic of discussion for the central bank, the weakening of the dollar this year is not a cause for concern. She pointed out that the dollar has started to weaken from an extremely strong position, bringing it closer to fair valuation and making it more reasonable compared to other currencies. Hammack emphasized that interest rate policy should remain restrictive to exert downward pressure on the still concerning inflation levels and bring inflation back to target levels. She remarked that this is a challenging period for monetary policy, as the Federal Reserve must navigate the dual mandate of addressing both inflation and employment challenges.

[White House Official: U.S. Government 'Shutdown' Could Lead to Loss of 60,000 Private Sector Jobs] On November 13 local time, White House National Economic Council Director Kevin Hassett stated that due to reduced output, the U.S. government 'shutdown' could result in the loss of 60,000 private sector jobs. Hassett noted that the latest estimates from the Council of Economic Advisers indicate that the economic losses caused by the 'shutdown' could reach as high as $15 billion per week. He also mentioned that in the coming weeks, labor market conditions will be further assessed through employment reports and unemployment claims data, and overall employment data is expected to be released soon.

Bybit Derivatives Operations Director Max Xu stated that the Bitcoin derivatives market lost $19 billion in open contracts during the October 10th crash and may take two quarters to recover (Decrypt).

OKX-ETH/USDT is currently trading at $3197.65, with a 5-minute drop of 0.76%. Please be aware of market fluctuations.

[Federal Reserve's Mussailem Says Need to Continue Fighting Inflation] Federal Reserve's Mussailem stated that measures need to continue to combat inflation.