BTC falls below the $107000 mark

[The Federal Reserve to Stop Reducing Treasury Holdings Starting December 1] The Federal Reserve announced that it will stop reducing its Treasury holdings starting December 1. This decision was made following a decline in bank reserves, indicating that officials are relying more heavily on the federal funds rate as the primary tool for implementing monetary policy and assessing the liquidity conditions of the financial system. Although the Federal Reserve stated it will continue to reduce its holdings of mortgage-backed securities and reinvest matured funds into Treasury bills, it did not announce any additional liquidity measures to ease financing cost pressures.

[Bowman Plans to Cut 30% of Federal Reserve Bank Supervision Staff Within Three Years] Federal Reserve Vice Chair for Supervision Bowman announced during an internal meeting on Thursday that the bank supervision and regulation department will undergo restructuring, aiming to reduce staff from approximately 500 to around 350 by the end of 2026, a 30% decrease. The layoffs will be achieved through natural attrition, retirements, and voluntary departures. This restructuring aligns with Bowman’s push to ease bank capital requirements and the Federal Reserve’s broader plan to reduce its workforce by 10% across the system in the coming years, consistent with the Trump administration’s direction to scale back U.S. financial regulatory agencies. Bowman emphasized that the supervision department should focus on substantive risks to banking institutions and avoid entanglement in procedural matters.

[Strategy's Q3 Net Profit Drops to $2.8 Billion, Bitcoin Holdings Growth Slows] Strategy's third-quarter net profit fell to $2.8 billion, down from $10 billion in the previous quarter, but slightly exceeded analysts' expectations of $8.42 earnings per share (expected $8.15). The decline in Bitcoin prices caused the market value/Bitcoin net asset ratio to drop to approximately 1.2x, the lowest since March 2023. During the quarter, approximately 43,000 new Bitcoins were added, bringing total holdings to 640,000 Bitcoins, valued at nearly $69 billion, marking the slowest growth quarter of the year. Strategy raised the dividend on its variable-rate preferred stock STRC to 10.5% to maintain investor demand and continue purchasing Bitcoin.

[Coinbase Q3 Revenue Grows 37%, Ethereum Trading Share Significantly Increases] Coinbase released its Q3 2025 financial report, with trading revenue reaching $1 billion, a 37% quarter-over-quarter increase and nearly doubling year-over-year. Ethereum's trading volume share rose from 15% in the previous quarter to 22%, while its trading revenue share increased from 12% to 17%. Although Bitcoin's trading share remains the highest, it has declined. Coinbase added 2,772 Bitcoins to its holdings in Q3, increasing its total position. The number of employees grew by 12% quarter-over-quarter, and the stock price rose 2.5% in after-hours trading following the release of the financial report.

Bitcoin's action of late hasn't been great, but the price did rise nearly 7% in the three months ended September 30, boosting reported profits for Michael Saylor's firm.