[Wells Fargo Analyst Suggests Fed Cut Rates by 25 Basis Points in December] Wells Fargo analyst Sarah House stated that the Federal Reserve should cut rates by 25 basis points in December due to easing inflation and a weakening labor market. She mentioned that although hawks may oppose the rate cut due to inflation being above target and robust job growth, the Fed remains firm in its stance and considers this a '50-50' decision.

[Morgan Stanley Expects Three Rate Cuts Next Year] Morgan Stanley analyst Michael Gapen stated that strong employment conditions have reduced the risk of rising unemployment, and the Federal Reserve is no longer expected to cut rates in December. It is currently forecasted that rate cuts will occur in January, April, and June next year, with the final interest rate expected to remain at 3%-3.25%.

[Federal Reserve's Hammack: Expect Volatility in Money Markets and the Need to Maintain Tight Monetary Policy] Federal Reserve's Hammack stated that money markets are expected to experience volatility, expressed hope for increased use of the Standing Repo Facility (SRF), and pointed out that monetary policy needs to remain somewhat tight due to inflation.

[Federal Reserve's Harker Says Interest Rates Are Near Neutral Rate] Federal Reserve's Harker stated that the current interest rate levels are near the neutral rate.

[Bitcoin ETF Net Inflow of 1,840 BTC, Ethereum ETF Net Inflow of 12,986 ETH] According to Lookonchain data, on November 20, 10 Bitcoin ETFs saw a net inflow of 1,840 BTC, approximately $166.3 million. Among them, Grayscale Bitcoin Mini Trust added 1,505 BTC, valued at approximately $136.02 million, bringing its current total holdings to 46,978 BTC, with a total value of approximately $4.25 billion. On the same day, 9 Ethereum ETFs saw a net inflow of 12,986 ETH, valued at approximately $38.57 million. Among them, Grayscale Ethereum Mini Trust added 20,011 ETH, valued at approximately $59.43 million, bringing its current total holdings to 699,753 ETH, with a total value of approximately $2.08 billion.