Inflation warming triggers market Fluctuation, Crypto Assets market experiences severe turbulence

Macroeconomic Situation

The U.S. November Producer Price Index ( PPI ) data exceeded expectations, indicating a warming of inflation. The PPI increased by 0.4% month-on-month and 3% year-on-year, both higher than market expectations, setting a recent new high. This data adds to the uncertainty in the market regarding the future direction of monetary policy.

Although the market generally expects the Federal Reserve to keep interest rates unchanged at next week's meeting, the latest PPI data casts a shadow over the prospects for rate cuts next year. As a result, the three major US stock indices fell collectively, with technology stocks performing poorly. Investors are confused about the Federal Reserve's policy; although the likelihood of maintaining interest rates in December is high, the rebound in inflation data has raised doubts in the market about the pace of rate cuts next year.

Crypto Assets Market Fluctuation

The Crypto Assets market has experienced severe Fluctuation. Trump stated that he would make moves in the Crypto Assets field while ringing the bell at the New York Stock Exchange, which once pushed the price of Bitcoin to break through $102,000. However, influenced by U.S. stocks and PPI data, Bitcoin quickly fell back below $100,000, dragging the entire market down.

Nevertheless, the decentralized finance ( DeFi ) sector has performed outstandingly, primarily driven by the Trump family's purchase of Ethereum, AAVE, and Chainlink crypto assets. This is seen as a signal of the Trump family's optimism about Ethereum's potential and could be an early layout of their encryption strategy.

Trump's Team Considers Financial Regulation Reform

According to reports, Trump's team is exploring the possibility of eliminating or merging some financial regulatory agencies. Insiders revealed that Trump's advisors asked about abolishing the Federal Deposit Insurance Corporation (FDIC) while interviewing potential bank regulatory candidates. They also inquired about potential candidates for the FDIC and the Office of the Comptroller of the Currency (OCC). The Trump team proposed plans to merge or completely reform the FDIC, OCC, and the Federal Reserve, aiming to enhance the efficiency of government regulation.

Chill Guy image attacked by hackers sparks controversy

The Chill Guy image creator Phillip Banks stated on social media that the Chill Guy image and rights will never involve Crypto Assets. He accused certain groups of profiting from his personal art without permission. Banks then clarified that his social accounts had been hacked and that some radical statements were not posted by him.

This event caused the price of the CHILLGUY token to briefly plummet by 15%, but it quickly rebounded. The community suspects this may have been a planned "wash trading" operation.

Crypto Assets travel platform Travala's annual revenue exceeds 100 million USD

The travel agency Travala, which supports Crypto Assets payments, announced that its annual revenue has surpassed 100 million USD, marking further application of Crypto Assets in the tourism industry. The company has also launched a funding reserve strategy for its native token AVA and Bitcoin.

A well-known figure shared this news, quickly making Travala the focus of the market. The price of the AVA token soared by 342% in a short period, reaching a nearly two-year high. Travala, as an online travel agency, offers flight, accommodation, and activity booking services, supporting multiple Crypto Assets and fiat currency payments, aiming to enhance users' travel booking experience through blockchain technology.

Emerging AI Projects Attract Attention

A recent AI robot project named GwartyGwartBot has attracted attention. Based on zero-knowledge Snark technology, the project stands out on social media with its unique perspective and humorous style. Although developing AI robots is relatively easy, the project has gained the attention and retweets of some well-known figures by reinterpreting social media personas.