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The U.S. President will not consider pardoning FTX founder SBF, highlighting the difference between regulation of direct fraud and compliance disputes. Investors need to be more cautious in choosing transparent risk management and compliant platforms to ensure the safety of their funds.

Bitcoin fluctuates between $89,000 and $94,000, with market funds shifting towards other cryptocurrencies, and trading volume approaching half of the total. Bitcoin's market share is approximately 59%. The key to future movement lies in whether it can maintain this range. A break below $89,000 could trigger an increase in altcoins, while otherwise, it may lead to a failure in capital rotation.

Long-term Bitcoin holders have experienced intense selling this year, but the latest data shows that this pressure is easing, potentially paving the way for the next bullish cycle. Data analysis indicates that the recent LTH supply has stopped declining, and prices have entered a sideways range, which may signal a market cycle reset and a rebound in the coming months.

Some Democratic members of the U.S. Congress have introduced a new bill attempting to prohibit elected officials from engaging in political-related gambling on prediction markets. The move was prompted by a user placing a large bet on Polymarket predicting the arrest and profit of Venezuela's former president, raising concerns about insider trading. The bill aims to fill the regulatory gap in prediction markets and ensure that officials do not profit from insider information.

The U.S. economy is experiencing strong growth without accelerating inflation, sending positive signals. The White House economic team discussed GDP performance and strategies to address potential challenges, providing important insights for investors focusing on global trends.

The new currency of the BRICS countries is about to be launched, with the nine ASEAN nations confirmed to adopt it, and Indonesia has also joined. This marks a shift in the global financial order and a reduction in dependence on the US dollar. Multinational cooperation to promote the new currency reflects the pursuit of economic autonomy and financial system diversification, which is worth the attention of investors.

Payment stablecoin company Rain completes $250 million funding round, valuing at $1.95 billion, with total funding exceeding $338 million. The funds will be used for global market expansion and to respond to regulatory changes, combining stablecoins with traditional payment networks to lower user usage barriers.

South Korea's recently announced digital asset strategy marks a shift from mere regulation to institutional application. The plan is to complete the stablecoin regulatory framework by 2026, launch a spot cryptocurrency ETF in 2023, and aim for digital currency payments to account for 25% of treasury funds by 2030. This strategy could drive a new trend in the development of global digital assets.

Crypto analyst Willy Woo points out that Bitcoin is still following the traditional four-year cycle. Although the price has reached $91,000, long-term capital inflows have not shown the strong trend seen in previous bull markets. Unless there is an abnormal surge of large-scale funds in 2026, its cyclical upward logic remains valid.

An armed robbery occurred in Manosque, France, where three masked men threatened a woman with guns and stole a USB drive containing the private keys to her cryptocurrency holdings. Although the victim was unharmed, this incident highlights the increasing severity of violent attacks targeting cryptocurrency holders. France has become a high-risk area in Europe for such crimes, and analysis suggests that this is related to the local crime rate, the visibility of digital asset holders, and the widespread professional knowledge.

Ethereum recently surged to $3300 but faced resistance. US institutional investors' enthusiasm declined, and funds flowed into spot ETFs, indicating large institutions' disagreement on short-term market trends. Coupled with dual pressure from price and capital, the subsequent trend warrants attention.

Elon Musk's xAI is engaged in a capital-intensive AI arms race, with a net loss of $1.46 billion in the third quarter and $7.8 billion burned in the first nine months of 2025. The main investments are in AI data centers, top talent recruitment, and software R&D, aiming to accelerate the development of AI agents and products, ultimately providing intelligent support for the Optimus humanoid robot. In the highly competitive AI field, quickly converting capital into core technologies and products is key.