[U.S. Supreme Court to Rule on Legality of Trump Tariffs] The U.S. Supreme Court is set to rule on the legality of the comprehensive tariffs introduced by President Trump in April. The S&P 500 Index has rebounded 39% from its low point that month, closing at a record high on Thursday. The court held its final public hearing of the year on Wednesday, with the next session scheduled for January 9 next year. Wells Fargo's chief equity strategist estimated in October that if the tariffs are ruled invalid, the earnings before interest and taxes (EBIT) of S&P 500 constituent companies will grow by 2.4% by 2026 compared to this year.

[Moody's Proposes New Stablecoin Rating Framework, Focusing on Reserve Asset Quality] Moody's has released a new proposed framework for rating stablecoins, with a core emphasis on the credit quality of reserve assets, market value risk, and operational risk assessment. Under this framework, even two stablecoins both pegged '1:1 to the US dollar' may receive different ratings due to differences in the types of reserve assets. The rating process includes evaluating asset credit quality, setting 'loan-to-value ratios,' and incorporating operational risks. The report highlights that issuers must segregate reserve assets from other business operations.

Since November 1st, wallets holding 100000 to 100 million Cardano cards have increased their holdings by 26770 ADAs, while wallets holding 100 or fewer ADAs have sold 44750 ADAs during the same period. （Santiment）

US President Trump has stated that interest rates should be 1% or lower next year. （Watcher.Guru）

The stablecoin giant Tether has submitted a bid to acquire Italy's largest football club. （The Bitcoin Historian）