Michael Saylor: Bitcoin is currently in a 'promotional' state

[USDX Depegs to $0.3887, Whale Spends 800,000 USDT to Bottom-Fish but Redemption Unsuccessful] The price of USDX has depegged to $0.3887. A whale address, 0xe454, noticed the depeg and spent 800,000 USDT to purchase 933,000 USDX at an average price of $0.8572. A week earlier, the same whale had purchased 1.4 million USDX and added to their position again. All tokens have been submitted for redemption, and if the redemption is successful, an estimated profit of approximately $135,000 could be realized. However, as of now, 3 hours have passed, and the redemption has not yet been successfully completed.

[Federal Reserve Governor Barr: Progress Made in Controlling Inflation, But Further Efforts Needed] Federal Reserve Governor Barr stated that the United States has made some progress in controlling inflation but further efforts are still needed to achieve the goal. He pointed out that the current economy exhibits characteristics of dual-speed development, with economic activity among wealthier households showing strong performance and significant growth momentum. Barr emphasized that the Federal Reserve's policy focus is on ensuring the stability of the job market to support the long-term healthy development of the economy.

[Federal Reserve's Williams Says Neutral Rate is Difficult to Determine] Federal Reserve's Williams stated that the neutral rate is difficult to determine.

[Circle Issues 750 Million USDC on Solana Network] On November 7, Circle issued 750 million USDC on the Solana network. According to monitoring data, since October 11, Circle has cumulatively minted 5.25 billion USDC on the Solana network.

[Over $5 Billion in Bitcoin and Ethereum Options on Deribit Platform Set to Expire Tomorrow] Deribit announced that Bitcoin and Ethereum options with a total value exceeding $5 billion are set to expire tomorrow at 16:00 (UTC+8). Bitcoin options data shows that market sentiment has turned cautious after prices fell below $100,000, with the maximum pain price remaining near $108,000. The put/call ratio is approximately 0.83, and open interest is primarily concentrated in $100,000 put options and $120,000–$125,000 call options. While hedging activity is active, there are no signs of panic in the market. Regarding Ethereum options, after recent price drops below $3,700, the market remains cautious but overall stable. The maximum pain price is near $3,800, with a put/call ratio of approximately 0.9. Open interest is concentrated in $3,500 put options and $4,200 call options, reflecting the current key battleground in the market.