[U.S. October Budget Deficit at $284 Billion, Net Tariff Revenue Hits Record High] Data from the U.S. Treasury Department shows that the U.S. October budget deficit was $284 billion, exceeding market expectations of $235.05 billion and the $257 billion recorded in the same period last year. October expenditures totaled $689 billion, while revenues reached $404 billion, setting a historical record for October. Net tariff revenue in October amounted to $31.4 billion, significantly higher than the $7.3 billion in the same period of 2024, marking a record high.

On November 26, Hyperinsight monitoring revealed that the Ethereum and HYPE long positions held in 'Machi' Jeffrey Huang's address have incurred over $110,000 in unrealized losses. Specifically, the Ethereum long position holds 4,550 ETH, with an entry price of $2,883.4 and a liquidation price of $2,767.3; the HYPE long position holds 102,888.88 tokens, with an entry price of $32.4973 and a liquidation price of $27.091.

The CryptoQuant report shows a significant increase in selling behavior among short-term Bitcoin holders, a pattern that historically typically occurs before short-term market bottoms. （Cointelegraph）

JPMorgan Chase stated that Bitcoin has become a tradable macro asset and predicts that its price may reach $240000. （Bitcoin Archive）

[Federal Reserve Releases October 2025 Discount Rate Meeting Minutes] The Federal Reserve Board on Tuesday released the minutes of the discount rate meetings held on October 6, October 20, and October 29, 2025. The content covers the review and decision-making process for the discount rate provided to depository institutions through the discount window. The procedure for setting the discount rate differs from the process used by the Federal Open Market Committee to set the target range for the federal funds rate. For media inquiries, please email media@frb.gov or call 202-452-2955.