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11/6
23:29
Earnings reports from Coinbase, Robinhood, and Circle show that new business lines struggle to escape crypto market cyclicality. According to CoinDesk, despite expansion into diversified services such as stablecoins, prediction markets, and banking by Coinbase and Robinhood, and Circle's bet on stablecoin circulation, their latest earnings reports show that core trading or reserve revenues still face pressure from crypto market volatility and falling interest rates. Notably, Circle's latest quarterly reserve revenue fell 8% year-over-year, and the company announced a 5% workforce reduction.
23:23
The U.S. Department of Labor's final rule aimed at establishing a fiduciary safe harbor for 401(k) pension plans to invest in cryptocurrencies, private equity, and real estate has been submitted to the White House Office of Information and Regulatory Affairs (OIRA) for final review. Drafted by the Employee Benefits Security Administration (EBSA), the rule is designated as economically significant and will be officially published in the Federal Register upon completion of the review.
23:02
The US November University of Michigan Consumer Sentiment Index rose to 51.0, beating the market expectation of 48.0. Specifically, the Current Economic Conditions Index came in at 51.0 (compared to 46.7 in October), and the Index of Consumer Expectations stood at 50.9 (compared to 48.8 in October); the 1-year inflation expectation dropped to 4.3% (compared to 4.7% in October), and the 5-year inflation expectation declined to 3.4% (compared to 3.5% in October).
22:52
Crypto 401(k) regulatory rules have entered the final White House review stage; the Department of Labor's public proposal will provide a process-based safe harbor for plan fiduciaries involved in investment decisions regarding cryptocurrencies and other assets.
22:48
Data released by the U.S. Bureau of Labor Statistics on Friday showed that U.S. nonfarm payrolls increased by 165,000 in October, far exceeding the 65,000 expected by economists in a Reuters poll. The September increase was revised to 60,000, while the unemployment rate fell from 4.2% in September to 4.1%, indicating that the labor market remains resilient.
22:46
According to Al Arabiya, Iran has responded positively to the mediators' latest proposal, stating that it remains open to negotiations while insisting that Washington take concrete confidence-building measures and respect Tehran's demands. Sources also stated that Ghalibaf faces no restrictions in managing the negotiations.
22:37
The founder of Rotki stated that Gnosis Pay leaked his address, card, and wallet information. A screenshot of the notification he shared showed that an unauthorized access incident occurred on the spending card system on November 3rd, while enterprise projects remained unaffected.
22:37
U.S. October nonfarm payrolls increased by 165,000, beating expectations, while Bitcoin prices held steady near $75,000. Data released by the U.S. Department of Labor on Friday showed that nonfarm payroll employment rose by 165,000 in October, well above the 59,000 expected by economists, with the unemployment rate ticking down to 4.1%. Following the release, the probability of a Federal Reserve rate hike in December rose to nearly 80%. Bitcoin briefly touched $76,100 after the data release before pulling back to fluctuate around $75,500.
22:35
The Bank of England announced a 25-basis-point interest rate hike, bringing its benchmark rate to 4%. The current interest rate level reflects growing concerns over inflation exacerbated by persistent energy shocks. The central bank projects that, driven by recent energy prices, the UK's Consumer Price Index (CPI) inflation rate will remain around 5% in the second quarter of 2027. This decision was backed by a majority of policymakers, with MPC member Catherine Mann favoring a larger 50-basis-point hike to 4.25%.
22:33
According to the Financial Times, Russia agreed in 2024 to supply Iran with 90 advanced missile launchers capable of carrying Russian-made LMUR light multi-purpose guided missiles. Citing documents from Russian defense manufacturers, the report noted that this equipment is intended to fit the Mi-28 attack helicopters already procured by Iran. Al Jazeera stated that it could not confirm whether the order has been delivered, but the agreement highlights the deepening military ties between Moscow and Tehran. The news came a day after Russian President Vladimir Putin met with Mohsen Rezaei, Secretary of Iran's Supreme National Security Council, at the Kremlin.

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