According to Odaily, Matthew Sigel, Head of Digital Asset Research at VanEck, shared insights on the X platform regarding the potential appointment of Scott Bessent as the Treasury Secretary in a future Trump administration. Sigel highlighted that on the Polymarket platform, Bessent's chances of being selected for this role stand at 55%. If appointed, Bessent would become the first U.S. Treasury Secretary to openly support cryptocurrency. This development is significant as it could mark a shift in the U.S. government's approach to digital currencies. Bessent's potential appointment reflects a growing acceptance of cryptocurrencies within mainstream financial and political circles. His pro-crypto stance could influence future policies and regulations, potentially fostering a more favorable environment for digital assets in the United States. The possibility of having a Treasury Secretary who supports cryptocurrency aligns with broader trends of increasing institutional interest in digital assets. As the global financial landscape evolves, the integration of cryptocurrencies into traditional financial systems continues to gain momentum. Bessent's appointment could accelerate this integration, impacting both domestic and international financial markets.

According to Odaily, the initial estimate for the United States' one-year inflation rate in November stands at 2.6%, slightly below the anticipated 2.7% and the previous value of 2.7%. This minor deviation in the short-term inflation forecast reflects ongoing economic adjustments and market expectations. In contrast, the initial estimate for the five to ten-year inflation rate in November is 3.1%, marginally higher than the expected 3% and consistent with the previous value of 3%. This indicates a slight upward adjustment in long-term inflation expectations, suggesting that economic analysts foresee potential inflationary pressures over a more extended period. These inflation forecasts are crucial for policymakers and investors as they provide insights into future economic conditions and potential monetary policy adjustments. The variations in short-term and long-term inflation expectations highlight the complexities of predicting economic trends and the factors influencing these projections. As the year progresses, these estimates will be closely monitored to assess their impact on economic strategies and financial markets.

The initial forecast for the one-year inflation rate in the United States in November is 2.6%, the expected value is 2.7%, and the previous value is 2.7%. The initial forecast for the five- to ten-year inflation rate in the United States in November is 3.1%, the expected value is 3%, and the previous value is 3%. (Jinshi)

According to market news, US President-elect Trump said he had no intention of selling shares in Truth. It is reported that Trump Media Technology Group (DJT.O) was suspended today due to volatility, and rose 10% before the suspension. (Jinshi)

BlackRock’s iShares Bitcoin Trust (IBIT) has seen the third-highest year-to-date net inflows among U.S. ETFs in 2024, attracting $26.174 billion, data shows. As of now, IBIT's return for the year is 48.52%, with assets under management reaching $30.1 billion, surpassing many traditional ETFs in terms of net inflows and performance. Additionally, IBIT's year-over-year return was nearly double the second-highest return of any other fund in the top 10 by fund flow. However, IBIT's total assets under management (AUM) are more than ten times smaller than the other top four funds. Just yesterday, November 7, IBIT saw net inflows of $1.1 billion in a single day, a figure that exceeded the annual inflows of all but the top 150 U.S. ETFs. This significant inflow exceeds the total inflows for the year to most of the roughly 3,300 ETFs in the U.S. market. (CryptoSlate)

According to CoinDesk, the CoinDesk 20 Index has shown a positive trend, currently trading at 2337.84, marking a 1.3% increase from the previous day's close. This index, which is a comprehensive measure of the cryptocurrency market, reflects the performance of 20 major digital assets across various platforms worldwide. Out of the 20 assets included in the index, twelve have recorded gains. Leading the upward movement are Cardano (ADA) and Polkadot (POL), which have surged by 9.9% and 7.9%, respectively. These significant gains highlight the growing investor interest and positive sentiment surrounding these cryptocurrencies. Conversely, some assets have experienced declines. Bitcoin Cash (BCH) and Render (RENDER) are among the laggards, with BCH dropping by 2.8% and RENDER decreasing by 1.7%. Despite these setbacks, the overall performance of the CoinDesk 20 Index remains positive, indicating a robust market environment for digital assets.

Matthew Sigel, head of digital asset research at VanEck, said on the X platform that Polymarket has a 55% chance of Trump's economic adviser Scott Bessent being elected as the Treasury Secretary of the Trump administration, and he may become the first U.S. Treasury Secretary to support cryptocurrency.

Ding Yifeng Holdings (00612.HK) Hong Kong Stock Exchange Announcement: The Company has noticed that some media have recently mentioned the notice entitled "Situation Notice" published by the Futian Branch of the Shenzhen Public Security Bureau of the People's Republic of China on November 5, 2024. The Company hereby declares that the "Ding Yifeng" or its affiliates referred to in the notice on November 5, 2024 do not refer to the Company or any of its subsidiaries; the allegations of fraud or other misconduct mentioned in the notice do not involve the Company or any of its subsidiaries. (Jinshi) Previous news, the Futian Branch of the Shenzhen Public Security Bureau issued a notice stating that "Ding Yifeng" and its affiliates issued false financial products and "DDO digital options" (belonging to "air coins"), engaged in illegal activities, and are suspected of crimes. In order to combat crimes in accordance with the law and safeguard the legitimate rights and interests of investors, the public security organs have taken criminal compulsory measures against Sui Mouyi, Ma Mouqiu and others for suspected crimes such as fundraising fraud. The relevant situation is now reported as follows: 1. The public security organs will continue to make every effort to recover the stolen money and recover the losses. At present, a batch of assets such as real estate, vehicles, equity, and bank account funds involved in the case of "Ding Yifeng" and its affiliated companies have been sealed, seized, and frozen. 2. The public security organs have extracted relevant financial data and entrusted professional institutions to conduct appraisals and audits. 3. The public security organs urge shareholders, senior executives and other relevant personnel of the companies involved to actively cooperate with the investigation and return the stolen money and compensation. Those who voluntarily return the stolen money and compensation and sincerely confess and repent can be given a lighter punishment according to law: those who refuse to return the stolen money and compensation and do not confess and repent will be severely punished according to law.

The results of the 2024 U.S. presidential election, with Donald Trump’s victory, have triggered a notable surge in the wealth of some of the world’s wealthiest individuals, including Tesla’s Elon Musk and Binance founder Changpeng Zhao (CZ). The post Elon Musk Made $26 Billion After Trump’s Victory – How Much Did Binance Founder Make? appeared first on Cryptodnes. source: https://cryptodnes.bg/en/elon-musk-made-26-billion-after-trumps-victory-how-much-did-binance-founder-make/

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