DOGE Beats the Blue Chips as D.O.G.E Calls it Quits

[CICC Expects Gold Prices to Rise to $4,500 per Ounce by 2026] A research report by CICC points out that the current rally in the precious metals market is primarily driven by cyclical demand for gold, with silver prices outperforming gold in terms of gains. The report predicts that by 2026, COMEX gold prices will rise to $4,500 per ounce, and silver prices will reach $55 per ounce, indicating further upside potential. The firm believes that cyclical investment demand for precious metals has not yet peaked, influenced by the potential shift to a more accommodative U.S. monetary policy in the short term and the risk of long-term inflation expectations becoming unanchored. Furthermore, the allocation value of physical gold and the strategic resource attributes of silver will become more prominent under the new macroeconomic order, supporting global central bank gold purchases, private physical investments, and regional stockpiling.

[Animoca Brands Receives In-Principle Approval from Abu Dhabi Global Market Regulator] Animoca Brands announced that it has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), allowing it to operate as a regulated fund management company. Upon meeting the relevant conditions and obtaining final regulatory approval, the company will be able to conduct collective investment fund management activities within ADGM or through ADGM.

The $80K BTC put is now the most popular options play on Deribit.

[Since the Establishment of the U.S. Department of Government Efficiency, Official Debt Has Increased by $2.1 Trillion] On November 24, KobeissiLetter reported that since the establishment of the U.S. Department of Government Efficiency (DOGE) on January 20 this year, official U.S. debt has increased by $2.1 trillion, averaging $6.5 billion per day. DOGE was founded under the leadership of Musk, with the goal of reforming Washington, reducing the size and budget of federal agencies, and shifting focus to Trump's priorities. On April 25 this year, Musk stepped down from DOGE, after which progress slowed. DOGE was originally planned to operate until July 2026 but has since been dissolved, and the latest whereabouts of its six core members remain unclear.

**[Trump Family Loses Over $1 Billion in Wealth Due to Cryptocurrency Crash]** November 24 news: The recent large-scale sell-off in the cryptocurrency market has caused the Trump family's overall wealth to shrink from approximately $7.7 billion at the beginning of September to around $6.7 billion, evaporating about $1 billion. The Trump meme coin has dropped about 25% since August, Eric Trump's equity in a Bitcoin mining company has halved in value, Trump Media's stock price has fallen to a historic low, and the family project WLFI token price has dropped from $0.26 to around $0.15, resulting in a paper loss of nearly $3 billion. Previously, the sale of WLFI tokens generated approximately $900 million in revenue, but related holdings have incurred a floating loss of $220 million. ABTC, co-founded by Eric Trump in collaboration with Hut 8, saw its stock price fall by over 50%, with personal holdings losing about $330 million. After partial unlocking of the Trump meme coin, market price declines have led to a paper loss of approximately $117 million.