The Daily: Crypto's 'pivotal moment' on Inauguration Day, Trump and Melania's memecoin mania and more

[NABE Survey: U.S. Economic Growth May Reach 2% Next Year, Inflation Remains Elevated] On November 24, the National Association for Business Economics (NABE) annual forecast survey indicated that U.S. economic growth is expected to reach 2% next year, up from 1.8% in the October survey, though job growth remains weak. The survey, which included 42 professional forecasters, suggests that increased personal spending and business investment will drive economic growth, but new import tariffs imposed by the Trump administration are expected to drag down the growth rate by 0.25 percentage points. Inflation is projected to be 2.9% by the end of this year and decrease to 2.6% next year, with tariffs contributing 0.25 to 0.75 percentage points. Job growth is expected to add approximately 64,000 positions per month, with the unemployment rate rising to 4.5% by early 2026. The Federal Reserve is expected to cut interest rates by 25 basis points in December and by another 50 basis points next year.

[U.S. Commerce Secretary Raimondo Says Swift Action Will Be Taken If Tariff Decision Is Overturned] U.S. Commerce Secretary Raimondo stated that if the court overturns the tariff decision, the government will promptly take new action.

JPMorgan Chase disclosed that it has sold strategic stocks worth $134 million, with a total asset size of $4.6 trillion. （The Bitcoin Historian）

[The Federal Reserve is expected to cut interest rates by 25 basis points in December and may cut another 50 basis points next year] The annual forecast survey by the National Association for Business Economics shows that U.S. economic growth is expected to slightly accelerate to 2% next year, higher than the 1.8% forecast in October, but job growth remains weak. The survey pointed out that new import tariffs imposed by the Trump administration have dragged down the growth rate by at least 0.25 percentage points, with inflation expected to reach 2.9% by the end of the year and drop to 2.6% next year. The Federal Reserve is expected to cut interest rates by 25 basis points in December and another 50 basis points next year, approaching the neutral level of monetary policy.

[OranjeBTC increases holdings by 7.3 BTC, total holdings reach 3,720.3 BTC] Brazilian publicly listed company OranjeBTC increased its holdings by 7.3 BTC at an average price of approximately $95,000. As of now, the total holdings have reached 3,720.3 BTC, with a year-to-date Bitcoin yield of 2.2%.