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The article analyzes the current economic situation, pointing out that AI is the main driver of GDP growth, while other sectors such as the labor market and household finances are in decline. Market dynamics have become detached from fundamentals, with AI capital expenditure being key to avoiding a recession. The widening wealth gap and energy supply are becoming bottlenecks for AI development. In the future, AI and cryptocurrencies may become the focus of policy adjustments. Summary generated by Mars AI This summary was generated by the Mars AI model, and its accuracy and completeness are still in the process of iterative improvement.
Anthropic is accelerating its expansion into the capital markets, initiating collaboration with top law firms, which is seen as an important signal toward going public. The company's valuation is approaching 300 billions USD, and investors are betting it could go public before OpenAI.
Harvard University's endowment fund significantly increased its holdings in bitcoin ETFs to nearly 500 million USD in the previous quarter. However, in the current quarter, the price of bitcoin subsequently dropped by more than 20%, exposing the fund to significant timing risk.
The change of the next Federal Reserve Chair is a decisive factor in reshaping the future macro environment of the cryptocurrency industry.
- 07:26New UK legislation includes cryptocurrency in the personal property protection systemChainCatcher reported that the UK has officially passed a bill recognizing digital assets, including cryptocurrencies and stablecoins, as "property." Advocates say this move will provide stronger legal protection for crypto users. On Tuesday, John McFall, Speaker of the House of Lords, announced that the Property (Digital Assets etc) Bill had received Royal Assent, meaning it has been formally approved by King Charles III and has officially become law. Freddie New, Policy Lead at the Bitcoin Policy UK initiative, stated on X that the bill "becoming law is a huge step forward for bitcoin development in the UK and a major benefit for everyone holding and using bitcoin in the country." In the UK, the common law system, developed through judicial precedent, had previously recognized digital assets as property. However, this bill aims to formally codify that principle into statute and implement the recommendations made by the Law Commission of England and Wales in 2024—namely, to explicitly define crypto assets as a new category of personal property rights to enhance legal clarity. .
- 07:11Tonight, the "mini non-farm" ADP employment data will be released and may become a key indicator for the Federal Reserve.ChainCatcher news, according to Golden Ten Data, the US November "ADP Nonfarm Employment Change" will be released tonight at 21:15. The Federal Reserve will hold an interest rate meeting next week, but the official nonfarm employment and inflation data are unusually "absent." In the absence of key guidance, tonight's ADP employment data may become the only window for the Federal Reserve to observe the labor market. It is expected that the market will experience significant volatility, and investors should pay attention to related risks.
- 07:04Michael Saylor publicly presents Strategy's financial data on site, stating that the capital structure is extremely healthy.ChainCatcher News, at a certain exchange's Blockchain Week, Strategy founder and executive chairman Michael Saylor delivered a speech themed "Bitcoin = Digital Capital," stating that over the past year, in addition to the US government, major banks and large corporations have also begun to embrace crypto. Today, 30% of US voters hold crypto assets, while the number of global crypto users has exceeded 700 million. As the first digital asset treasury, Strategy has set an example. It currently holds bitcoin worth $59 billion, ranking fifth in terms of global corporate asset size. The top four are Berkshire Hathaway, Microsoft, Google, and Amazon. However, given time, we will become number one. Because, in addition to the solid and steady growth of BTC's intrinsic value, Strategy also possesses an extremely healthy capital structure—corporate value of $68 billion, bitcoin reserves worth $59 billion, and an LTV (Loan to Value) of only 11%. Based on current financial data, the dividend margin is sufficient to cover the next 73 years. What Strategy is doing includes creating currency, reducing risk, suppressing volatility, "purifying" returns, compressing cycles... In short, it is about transforming digital capital into digital credit. Risk Warning