reserve

Bloomberg cited informed sources reporting that as the longest-serving policymaker at the Federal Reserve approaches retirement, discussions are underway within the Fed regarding the term limit rules for regional Fed presidents. The focus is on whether John Williams, the president of the New York Fed, can serve until June 2028, which would mark his 10-year tenure as president of the New York Fed, or if he must step down when he turns 65 in June 2027.According to relevant rules, regional Fed presidents are typically required to retire at 65; however, those who are first appointed after the age of 55 may serve for up to 10 years or until they reach 75, whichever comes first, as determined by the regional Fed board. One point of contention is whether the years Williams served as president of the San Francisco Fed from 2011 to 2018 count toward this 10-year limit. Williams himself and several observers have previously interpreted the rules as allowing him to serve until June 2028. He told Bloomberg last month that he plans to serve until that time and described it as a commitment to the New York Fed board and his family.If Williams steps down in 2027, Federal Reserve Chairman Kevin Warsh would have the opportunity to influence the appointment of this important regional Fed leader a year earlier. Informed sources say it is currently unclear whether Warsh or other board officials support ending his term early; if there is a push for him to leave prematurely, it could provoke opposition from other regional Fed presidents, who may be concerned about further Washington intervention in regional Fed operations. A spokesperson for the Federal Reserve Board and Pat Wang, chair of the New York Fed board, both declined to comment. The New York Fed board has not yet officially announced the initiation of the succession selection process, which typically takes several months.

Tavi Costa, founder and CEO of Azuria Capital, stated that Bitcoin is currently "severely undervalued," and many previous supporters have chosen to give up. He expects that as the Federal Reserve's interest rate hike cycle comes to an end, both Bitcoin and silver will experience "dramatic volatility."Costa believes that the next decade will be dominated by two macro forces: a weakening dollar and suppressed yields. Against this backdrop, silver and mining stocks have become his favorite hard asset trading targets, and he claims that mining stocks appear to be a macro arbitrage opportunity.He also mentioned that gold has experienced about a 30% pullback during a long-term bull market, and the current situation of silver and Bitcoin is "very similar"; at the same time, he believes that there is no AI revolution without metals, and high-grade silver mines cannot be created out of thin air.

According to the Wall Street Journal, Nick Timiraos, known as the "mouthpiece of the Federal Reserve," wrote that after the third consecutive strong inflation report was released, a rate hike by the Federal Reserve in December is almost certain. Market focus is shifting to the magnitude of the rate hike and the subsequent pace, including a 25 basis point hike at each meeting, a one-time hike of 50 basis points, or signaling multiple consecutive hikes of 25 basis points.Nick Timiraos pointed out that the Federal Reserve will hold a policy meeting from December 8 to 9, and the bigger question is whether this rate hike is a moderate adjustment envisioned by several officials, with two to three more hikes, or the beginning of a sustained effort to suppress the economy and lower inflation.Previously, Federal Reserve Governor Waller, who supported maintaining interest rates last week, stated that if the core price increase in October reaches about 0.3% month-over-month, the Federal Reserve should consider a 50 basis point hike in December, and the latest published data happens to align with this scenario. Dallas Federal Reserve President Logan also hinted after the data release that, given the current inflation pressures, it may be necessary to accelerate the pace of rate hikes. The relevant tactical choices are usually decided by the Federal Reserve Chair.

Goldman Sachs stated on Tuesday that after the inflation data in October exceeded expectations, marking the third consecutive month of higher-than-expected inflation, the firm expects the Federal Reserve to raise interest rates by an additional 25 basis points in March 2027.

Federal Reserve Chairman Paulson stated that if the inflation situation worsens, the Federal Reserve will take more aggressive actions.

Federal Reserve Governor Bowman stated that the Federal Reserve is working to gather data on counterparties involved in artificial intelligence-related debt transactions.

The New York Federal Reserve report shows that the proportion of loans overdue by at least 30 days in the United States has risen to 5%, up from 4.7% in the second quarter. The total household debt increased by 1.8% quarter-on-quarter, reaching $19.1 trillion.The proportion of mortgages overdue by more than 90 days has risen to 1.13%, the highest level since 2018. The balance of home equity lines of credit increased by $23 billion, the largest increase since 2005.

After the October CPI data exceeded expectations, Deutsche Bank included a rate hike in its forecast for January next year. Currently, the bank expects the Federal Reserve to raise rates by 25 basis points in December, January, and March, bringing the target range for the federal funds rate to 4.50% to 4.75%.Analysts stated that considering the recent hawkish remarks by Federal Reserve Governor Waller, a 50 basis point hike in December is also a possibility, but this is still not part of the bank's baseline forecast scenario. In addition, Deutsche Bank raised its neutral rate expectations to 3.75% to 4.00%, indicating that it believes rates will remain elevated for a longer period.

Federal Reserve's Logan stated that the Federal Reserve may raise interest rates this winter at a faster pace than so far. The Federal Reserve needs to raise interest rates at least two more times, each by 25 basis points.Logan indicated that the Federal Reserve's policy rate is at least 50 basis points below a moderately restrictive level.

According to official news, Animoca Brands' digital identity project Moca Network announced a strategic cooperation with OKX Ventures, and both parties will jointly screen and support Moca Network ecosystem projects. OKX Ventures has committed to allocating part of its MOCA token reserves for joint investments in projects that develop consumer applications based on digital identity infrastructure such as AIR Kit and Moca Chain.OKX Ventures will also provide support for selected projects, including OKX payment, fiat deposit, and OKX Wallet integration. As the projects gradually mature, Animoca Brands and OKX Ventures may also increase their investments.

After the CPI data was released, the market still expects with 100% certainty that the Federal Reserve will raise interest rates in December.The market has further increased bets that the Federal Reserve will raise interest rates at least twice before the middle of 2027.

A Reuters survey shows that about 55% of the economists surveyed, or 56 out of 101, expect that the interest rate hike in December will mark the end of the current tightening cycle, a figure that is basically unchanged from last month.However, 45 economists still expect that the Federal Reserve will raise interest rates at least two more times, including more than half of the surveyed primary dealers, which is consistent with the expectations reflected in market pricing, and believe that the risks to the inflation outlook have not changed since the U.S. midterm elections. Changes in the political landscape are unlikely to quickly alleviate inflationary pressures.Despite market hopes that the nearly 9-month-long Middle East conflict could be resolved, leading to a drop of over 22% in crude oil futures prices from the late October peak, inflationary pressures still persist. A strong labor market, resilient economic growth, and inflation remaining above the Federal Reserve's 2% target for nearly six years all indicate that further tightening of monetary policy is still necessary.Wells Fargo Chief Economist Tom Porcelli stated, "The Federal Reserve's decision-making depends on the upcoming inflation data, which will prompt it to raise rates again. In fact, the Federal Reserve has every reason to raise rates at the October meeting."

According to PR Newswire, Hyperscale Data (NYSE American: GPUS) announced on November 10 that as of November 8, 2026, the company has sold all of its remaining Bitcoin reserves at an average price of approximately $76,000 per coin, totaling about 211.56 coins, generating gross proceeds of approximately $16 million.Since the initial sale of part of its reserves in late July 2026, the company has cumulatively sold about 1,113 Bitcoins, with proceeds of approximately $74.4 million.The company stated that the funds will be used to pay off debt and finance the ongoing construction of its AI data center in Michigan. CEO Will Horne stated that the primary goal is to power on the first 10 megawatts of critical IT capacity for the Michigan data center in December. The company continues to mine at its Montana facility, and future Bitcoin on the balance sheet is expected to primarily come from its own mining operations.

After the speech by Federal Reserve Governor Waller, the market has further increased its bets on the Federal Reserve raising interest rates, and it has now fully priced in the expectation that the Federal Reserve will raise rates by 25 basis points in December.Waller stated that even if the October CPI improves compared to September, it will still support a 25 basis point rate hike in December. If the October core CPI rises around 0.3% or higher, the Federal Reserve may need to raise rates by 50 basis points in December.

According to Jinshi reports, Moon Pursuit Capital founder and managing partner Utkarsh Ahuja stated that persistently high inflation may limit the Federal Reserve's ability to provide monetary policy support, even as technology stocks weaken. He pointed out that recent comments from San Francisco Fed President Mary Daly regarding the possibility of further interest rate hikes in the future remind investors not to take for granted that the Federal Reserve will step in to support the market soon.Ahuja mentioned that for capital-intensive AI projects, even if market demand meets expectations, higher financing costs and longer approval cycles may reduce project returns. He also added that for companies with existing projects that have not yet generated cash flow but need to raise new funds, they face not only project execution risks but also uncertainties regarding future financing conditions.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, among the top 10 exchanges by balance, Kraken had the largest decrease at 2.36%; Bybit had the largest increase at 3.81%.In terms of exchange asset transparency proof, in the past 7 days, the top three net outflows of reserve assets were Bitget (-$559 million), Binance (-$218 million), and Gate (-$145 million); the top three net inflows were Bybit (+$405 million), Bitfinex (+$309 million), and OKX (+$219 million).

Binance has resumed HYPE and APT withdrawals today, earlier than the previously promised deadline. Binance had previously stated that it would restore withdrawals for assets such as HYPE and APT before the end of the following week, while other withdrawal channels still need to undergo security assessments.Cryptoquant data shows that before and after the hacking incident, Binance's BTC reserves decreased from approximately 730,000 coins to 673,700 coins, a reduction of about 56,000 coins; ETH reserves dropped from about 3.48 million coins to 3.08 million coins, a decrease of approximately 400,000 coins. The reserves of stablecoins based on Ethereum fell from about $41 billion to approximately $32 billion, a reduction of about $9 billion, with the latest daily net inflow of about $27.9 million.Arkham data shows that Binance's marked positions are approximately $162.65 billion, covering about 68.5 million addresses, which include approximately 696,184 BTC and 3.454 million ETH. Elliptic reports that the attackers exchanged about $174 million worth of stolen alternative tokens for approximately 2,300 BTC.

On November 2, the digital asset treasury company Strategy disclosed in a filing that as of November 1, its designated dollar reserves amounted to $4.79 billion, with an additional cash balance of $132.7 million. From October 26 to November 1, the company paid $43.4 million in preferred stock dividends from that reserve.In September, Strategy disclosed the repurchase of $176 million in STRC and expanded its securities repurchase authorization to $2 billion; by the time of the October performance report, the authorized amount increased to $3 billion. From October 26 to November 1, the company repurchased $208.2 million in STRC. As of the October performance report in 2026, Strategy raised approximately $431.8 million for dividends and repurchases through the sale of Bitcoin.As of November 1, STRC dividends are accrued daily, covering weekends and holidays, and are processed for payment on business days. STRC has no collateral rights over the Bitcoin held by Strategy, and its payment ability depends on the issuer's resources.

According to Bitcoin News citing research from Crypto Briefing, since 2016, whenever the Federal Reserve paused interest rate hikes and then resumed them, Bitcoin has recorded a decline within 30 days after the rate hike, with a median drop of 2.4%. We are currently in this situation: the Federal Reserve paused after raising rates in September and is expected to raise rates again soon.The research points out that the most similar historical case was in 2018, when Bitcoin fell by 42% during the period from the midterm elections to the rate hike in December. Although the sample size is only 7 instances, the current record stands at 0 wins and 7 losses.