Trump and Musk watched SpaceX test flight, BTC rose to $93,905

Headlines

▌Trump and Musk watched the sixth test flight of SpaceX Starship in Texas

The sixth test flight of SpaceX Starship was ignited and launched, and Trump and Musk watched it in Texas. SpaceX said that Starship successfully ignited one of its Raptor engines for the first time in space. The sixth flight test of Starship has been going on for about 30 minutes, and all systems still look normal.

▌BTC rose to $93,905 in a short time, setting a new record

The market shows that BTC rose to $93,905.51 in a short time, setting a new record. It is now reported at $93,392.1, a 24-hour increase of 2.8%. The market fluctuates greatly, so please do a good job of risk control.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $92,421.78, with a daily increase or decrease of +2.2%;

ETH's latest transaction price is $3,113.18, with a daily increase or decrease of -3.0%;

BNB's latest transaction price is $616.58, with a daily increase or decrease of -0.4%；

SOL's latest transaction price is 238.12 US dollars, with a daily increase or decrease of -0.6%；

DOGE's latest transaction price is 0.3916 yuan, with a daily increase or decrease of +5.7%；

XPR's latest transaction price is 1.10 US dollars, with a daily increase or decrease of -1.4%。

Policy

▌The US court postponed the verdict on Trump's "hush money" case

On November 19, local time, the verdict of the "hush money" case involving US President-elect Trump, which was originally scheduled for November 26, was canceled. It is reported that the court updated the status of the verdict in the court records on the same day, but did not explain it. At the same time, Alvin Bragg, the US District Attorney in Manhattan, faced a deadline and needed to provide the court with advice on how the case should proceed. (CCTV News)

▌The Trump team listed crypto lawyer Teresa Goody Guillen as a candidate for SEC chairman

According to sources, the Trump team is considering listing Teresa Goody Guillen, a partner at the law firm Baker Hostetler and co-head of its blockchain team, as one of several candidates for the next SEC chairman. Goody Guillen is an experienced securities lawyer with experience serving the SEC and representing blockchain companies and traditional businesses against the agency. Sources say Trump is looking for a non-bureaucrat who supports cryptocurrency to overhaul the U.S. Securities and Exchange Commission (SEC). Washington insiders say that unlike Trump's first administration, the election process for the second term was quick and orderly, and the SEC chairman is expected to be selected before Thanksgiving. Trump nominates cryptocurrency supporter Howard Lutnick as Secretary of Commerce, according to the Wall Street Journal. Trump said on the 19th that he would nominate veteran Wall Street financier Howard Lutnick as Secretary of Commerce for the next U.S. government, promoting one of his most outspoken supporters in the financial community to a key position. In addition, Lutnick will directly lead the Office of the U.S. Trade Representative. Lutnick, CEO of financial services firm Cantor Fitzgerald, has become a close ally of Trump in recent months and has been a top contender for Treasury Secretary. If confirmed by the Senate, Lutnick will be responsible for expanding U.S. economic growth and promoting domestic industries. He may also help maintain and expand the government's relationship with the business community. The Commerce Department and other agencies will play a central role in implementing the president-elect's proposal to impose tariffs on U.S. imports. Lutnick is a cryptocurrency supporter whose company Cantor Fitzgerald has managed Tether's U.S. Treasury bond portfolio since 2021.

▌Brazil Central Bank Selects Chainlink Standard for Its Drex Project

Chainlink posted on social media that the Central Bank of Brazil (@BancoCentralBR) has selected the Chainlink standard for its Drex project to achieve secure settlement in the field of borders, blockchains, and currencies.

▌Trump appoints Mehmet Oz as director of the Centers for Medicare and Medicaid Services

Trump appoints Mehmet Oz as director of the Centers for Medicare and Medicaid Services.

Blockchain Applications

▌Injective launches SDK called iAgent, which supports users to create AI agents on the chain

Layer 1 blockchain protocol Injective announced the launch of a software development kit (SDK) called iAgent, which supports users to create AI agents on the chain. It is reported that iAgent deploys OpenAI's ChatGPT and other large language models so that users can command AI agents to complete tasks based on Injective.

Cryptocurrency

▌VanEck executives: VanEck supports strategic Bitcoin reserves

Matthew Sigel, head of digital asset research at VanEck, posted on the X platform: "VanEck supports strategic Bitcoin reserves. No need to cite 'sources' - we will announce it ourselves." 

Earlier, Fox reporter Eleanor Terrett quoted sources as saying that BlackRock did not establish a strategic Bitcoin reserve.

▌Analysis: Pro-cryptocurrency candidate will take charge of the US Department of Commerce, ETF options listed to push Bitcoin to a new high

With the listing of Bitcoin ETF options, Bitcoin prices hit a new high, up to $93,905 per coin. The market expects that Bitcoin ETF options will increase financial institutions' exposure to Bitcoin with a high probability. Options contracts allow investors to buy or sell an asset at a specific price and a predetermined time. Noelle Acheson, former head of market insights at Genesis, said that while the Chicago Mercantile Exchange already offers Bitcoin options, Bitcoin ETF spot options are a big deal for both retail investors and financial institutions. A deeper onshore derivatives market will improve the growing market complexity, which will enhance investor confidence in Bitcoin, bring in new investment groups, and enable more diversified investment and trading strategies. In addition, earlier reports that pro-cryptocurrency Howard Lutnick will be nominated by Trump as Secretary of Commerce also helped boost Bitcoin.

▌Video sharing platform Rumble CEO considers adding Bitcoin to the company's balance sheet

Video sharing platform Rumble Chris Pavlovski tweeted on X: "Should Rumble add Bitcoin to its balance sheet?" 

MicroStrategy (MSTR) co-founder Michael Saylor responded: "Yes, I'd be happy to discuss why and how with you." Pavlovski said: "Sent you a private message."  

Rumble, a competitor to video-sharing giant YouTube, had revenue of $25.1 million in the third quarter, up 39% from the same period last year. Its balance sheet shows cash and cash equivalents of $130.8 million. The company's stock price has risen 26% so far this year, and its market value is currently about $1.6 billion.

▌Bloomberg analyst: Traders bet that Bitcoin will double next month

Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform: "So far, there have been hundreds of millions of dollars in options trading on BlackRock IBIT (a lot on the first day of listing). Ranking by contract trading volume shows that almost all are call options. It looks very optimistic, especially the C100 on December 20, which is basically a bet that the price of Bitcoin will double next month."

Important Economic Dynamics

▌Poll: 35% of Americans want Trump to quickly focus on inflation after taking office

A Reuters/Ipsos survey released on Tuesday showed that Americans believe inflation is the top issue that President-elect Trump should address within 100 days of taking office. In the three-day poll, about 35% of respondents believed that inflation was an area Trump should focus on, compared with 30% who believed it was immigration and 27% who believed it was employment and the overall economy. Another 23% said Trump should focus on unifying the country. A smaller number of respondents said he should focus on taxes, crime or foreign conflicts. In addition, only 1% of respondents believed that Trump should focus on international trade and tariffs. The survey surveyed 1,014 adults across the United States, with a margin of error of about 3 percentage points.

▌Fed's Schmid: The fight against inflation is not over

Fed's Schmid said the fight against inflation is not over yet. Upcoming tariffs and immigration policies will be relevant to the Fed if they affect employment and inflation.

▌Fed's Schmid: How much lower interest rates can go remains uncertain, and large fiscal deficits may mean higher interest rates

"The decision to cut rates is a recognition of growing confidence that inflation is on track to reach the Fed's 2% target - a confidence based in part on signs of balance in both the labor market and product markets in recent months," Kansas Fed President Schmid said in a speech prepared for delivery to the Omaha Chamber of Commerce. He said that while progress toward a return to the 2% target means it's the right time to cut rates, "how much further rates will fall or to what extent they will ultimately fall remains to be seen." On the current issue of federal government spending, Schmid said that large fiscal deficits will not be inflationary because the Fed will fulfill its mandate to keep inflation at its established 2% target. However, this may mean "interest rates remain at a persistently high level," Schmid said, which is why the Fed must maintain independence in setting monetary policy.

Golden Encyclopedia

▌What is Dogwifhat (WIF)?

Launched in November 2023, Dogwifhat is a Solana-based memecoin featuring a Shiba Inu wearing a pink knitted hat. Rather than positioning itself as a symbol of progress or a vision of the future, WIF has kept it simple, embracing its meme identity without any grand ambitions. Even the code "WIF" misspelled "with", which is a typical meme form, highlighting the fun of the token.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.