[Fed Meeting Minutes to Reveal Rate Direction, Market Expectations Diverge] The Federal Reserve's October policy meeting minutes will be released next Thursday at dawn (UTC+8), as investor uncertainty over the U.S. interest rate path intensifies. Last month, the Fed lowered the benchmark interest rate to the 3.75%-4% range, but Chair Powell did not signal another rate cut in December. Previously, the market had priced in a 25 basis point rate cut in December, but Powell stated that further rate cuts by year-end are not a foregone conclusion, reshaping market expectations. Boston Fed President Collins questioned a rate cut next month, stating that the threshold for additional easing is relatively high. During the U.S. government shutdown, key economic data was not released, and Morgan Stanley analysts pointed out that the lack of data will leave the Fed facing an information gap in its December decision-making process.

[Japan Plans to Classify 105 Cryptocurrencies as Financial Products, Tax Rate Reduced to 20%] On November 16, Japan's Financial Services Agency plans to reclassify 105 crypto assets, including Bitcoin and Ethereum, as financial products and bring them under the regulatory framework of the Financial Instruments and Exchange Act. Currently, Japanese residents must report cryptocurrency earnings as 'miscellaneous income,' with a maximum tax rate of 55%. After reclassification, profits from token transactions will be taxed as capital gains, with the tax rate reduced to 20%, aligning with the tax rate for stock trading. According to reports, the proposal is expected to be included in the early 2026 budget plan.

[A Whale Withdraws 2,450 ETH from Binance Within 1 Hour] According to OnchainLens data monitoring, a whale withdrew 2,450 ETH from Binance within the past hour, with a total value of approximately $7.91 million. Two days ago, the whale had accumulated purchases and withdrawals of 2,560 ETH, valued at approximately $7.96 million.

Binance SOL/USDT is currently trading at $139.98, with a 5-minute decline of 0.15%. Please pay attention to market fluctuations.

[A whale opens a 20x leverage Bitcoin long position, liquidation price $60,424.6] According to Lookonchain data, a whale opened a 20x leverage Bitcoin long position in the past 2 hours and deposited 300 BTC, valued at approximately $28.7 million, with a liquidation price of $60,424.6. This whale had previously lost $6.35 million on the Hyperliquid platform.