UAE’s new financial law brings crypto and blockchain into traditional finance and under Central Bank’s supervision.

Short term holders of Bitcoin currently suffer daily losses exceeding $900 million, surpassing the scale of losses during China's mining ban and FTX crash. （Cointelegraph）

Legendary investor Gareth Soloway announced the opening of a new Bitcoin long position, with the specific amount undisclosed. （The Bitcoin Historian）

[JPMorgan Predicts Fed Will Cut Rates in December] JPMorgan has adjusted its forecast, believing that the Federal Reserve will cut rates in December.

The proportion of large deposits on Bitcoin exchanges (30 day simple moving average) has continued to rise since November 24th and is currently approaching the previous local high of October 28th. （CryptoQuant）