Pakistan: Minister Suggests Country to Purchase Bitcoin as Reserve

[IG Group Analyst: Crypto Market Likely to Extend Rebound After Rate Cuts, Short-Term Bottom May Have Formed] IG Group analyst Chris Beauchamp stated that as the Federal Reserve is expected to initiate rate cuts this week, Bitcoin and other cryptocurrencies are likely to continue their rebound. Easing monetary policy could drive capital inflows into the crypto market, and the recent pullback has created more attractive entry points. The weekend decline in Bitcoin and Ethereum attracted buyers, suggesting that a short-term bottom may have formed.

[BitMine Increased Holdings by 138,452 ETH Last Week, Total Holdings Exceed 3.86 Million ETH] As of 8:00 PM Eastern Time on December 7, BitMine's cryptocurrency holdings include: 3.864951 million ETH (an increase of 138,452 ETH compared to last week), valued at approximately $13.2 billion at current prices; 193 BTC; $36 million worth of Eightco Holdings (NASDAQ: ORBS) shares; and $1 billion in unsecured cash.

JPMorgan CEO Jamie Damon said that stablecoins should play a better role in the international payment field. （Watcher.Guru）

[Goldman Sachs: The Fed Will Cut Rates This Week but Keep Language Open, Employment Data to Determine January Policy] Goldman Sachs Chief U.S. Economist David Mericle believes the Federal Reserve is very likely to cut rates this week and will not completely rule out the possibility of taking action again in January next year. Mericle pointed out that it is unrealistic to expect the FOMC to signal a 'pause in rate cuts in January.' If the labor market weakens, rate cuts would still be appropriate. Since no new employment data has been released since September, policymakers will remain cautious and keep their language open, leaving room for easing in January based on the data.

[Hassett: There is still significant room for the 10-year Treasury yield to decline] Kevin Hassett, Director of the U.S. White House National Economic Council, stated that there is still significant room for the 10-year Treasury yield to decline.