Federal Reserve Chairman Kevin Warsh will convene an AI Inflation Forum on November 16.

Louisiana Attorney General Rejects CFTC Chairman's Criticism of Prediction Market Lawsuit Louisiana Attorney General Liz Murrill has rejected criticism from Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam regarding a lawsuit filed against the state concerning prediction markets, calling the criticism unfounded and stating that gambling has been regulated by states for 250 years. Rostin Behnam stated that event contracts have been publicly traded in the state for years and have complied with federal regulations, criticizing the state's lawsuit against the industry as politically motivated. The CFTC has sued the state, seeking to block a state court's injunction against prediction markets. The state court's temporary restraining order involves 31 entities associated with Kalshi, Polymarket, and others, requiring them to restrict access for Louisiana users; a hearing on the preliminary injunction application is scheduled for November 30. (Source: The Block)

John Nahas, Chief Business Officer of AvaLabs, said the NYSE’s choice of Avalanche to settle tokenized shares is a major victory for the industry, and the cryptocurrency industry should align itself with the institutions where they are.

According to CryptoQuant data, during the period when Bitcoin fell by about 24%, whale wallets holding more than 1,000 BTC increased their holdings by a total of about 47,000 BTC, of which wallets holding 1,000 to 10,000 BTC increased their holdings by 43,700 BTC. During the same period, wallets holding 100 to 1000 BTC sold off 50,500 BTC, and wallets holding 10 to 100 BTC sold off 14,400 BTC. Apparent demand over 30 days fell to approximately -284,000 BTC, the lowest level since April 2025. Net losses were recorded on 14 out of 16 days since October 29, totaling approximately 84,000 BTC. Short-term holders, ETFs, and medium-sized wallets sold off their holdings faster than whales could absorb them.

Federal Reserve Chairman Kevin Warsh will convene a public forum in San Francisco on November 16 to discuss the impact of artificial intelligence on inflation, productivity, and employment. Attendees will include technology executives, economists, and employers. The forum will not result in an interest rate decision; the next policy meeting is scheduled for December 9. Federal Reserve Chairman Kevin Warsh believes that AI can help businesses reduce costs and mitigate inflation, eliminating the need to maintain high interest rates. Federal Reserve Governor Lisa Cook warned in September that AI investments would drive up costs for things like electricity and chips, delaying inflation from returning to the 2% target; Governor Michael Barr warned on November 12 that rapid adoption of AI by businesses could cause serious short-term job disruptions. Interest rate paths impact crypto assets. If AI suppresses inflation, prompting the Federal Reserve to cut interest rates, risk assets like Bitcoin will benefit; conversely, if AI spending drives up inflation, keeping interest rates high or raising them, risk assets will be suppressed. Bitcoin fell below $69,000 on November 13th. Furthermore, AI data centers are competing with Bitcoin mining for electricity. Hyperscale Data shut down its Michigan mining facility in September to accommodate AI clients, a deal potentially worth over $1.2 billion. Federal Reserve Chairman Kevin Warsh stated in August that AI is a new variable in monetary policy.

[$62.78 million worth of BTC was traded in a single transaction, originating from Hyperliquid perpetual contracts.] Active funds are making swift moves, triggering subtle market shifts; the follow-up dynamics might hold further intrigue.