Mars Morning News | Last week, global listed companies made a net purchase of $13.4 million in BTC, while Strategy did not buy any Bitcoin last week

Expectations for Fed Rate Cut in December Rise, Bitcoin Briefly Surpasses $89,000, Nasdaq Jumps 2.69%

On November 25, Federal Reserve Governor Waller stated that he personally advocates for a rate cut at the December FOMC meeting. Inflation has risen somewhat, but he believes it will start to decline. January next year will be challenging, with a large amount of data to be released to determine whether another rate cut is needed. Mary Daly, President of the Federal Reserve Bank of San Francisco and 2027 FOMC voting member, said she supports a rate cut in December, as she believes the likelihood of a sudden deterioration in the job market is greater and harder to control than a sudden spike in inflation.According to CME "FedWatch", the probability of a 25 basis point rate cut by the Fed in December has risen to 82.7%, while the probability of keeping rates unchanged is 17.3%.

U.S. stocks closed higher on Monday, with the Dow up 0.44%, the S&P 500 up 1.5%, and the Nasdaq up 2.69%. Bitcoin briefly broke through $89,000, currently quoted at $88,337.13, up 1.64% in 24 hours.

Fed's Kashkari: AI Has Real-World Applications, But Not in the Crypto Sector

According to Golden Ten Data, Fed's Kashkari stated: Artificial intelligence indeed has real-world applications, but there are none in the crypto sector.

Data: Global Public Companies Net Bought $13.4 Million in BTC Last Week, Strategy Did Not Buy Bitcoin Last Week

According to SoSoValue data, last week, global public companies (excluding mining companies) had a total net purchase of $13.4 million in bitcoin. Strategy (formerly MicroStrategy) and Japanese listed company Metaplanet did not purchase bitcoin last week. In addition, four other companies bought bitcoin last week. Japanese fashion company ANAP announced an investment of $2.08 million to increase its holdings by 20.4422 bitcoins at a price of $101,906.6 each, bringing its total holdings to 1,145.6951 bitcoins; Hong Kong gene testing and health technology company Prenetics invested $620,000 last week to purchase 7 bitcoins, bringing its total holdings to 501.0341 bitcoins; Japanese nail salon operator and franchisor Convano announced that between October 17 and November 21, it invested $1.05 million to increase its holdings by 97.6775 bitcoins at a price of $107,888.2 each, bringing its total holdings to 762.6776 bitcoins; UK bitcoin company B HODL announced on November 18 that it invested $200,000 to purchase 2 bitcoins at a price of $98,667 each, bringing its total holdings to 155.039 bitcoins. As of press time, the total amount of bitcoin held by the global public companies in the statistics (excluding mining companies) is 893,640 bitcoins, with a current market value of about $7.732 billions, accounting for 4.48% of bitcoin's circulating market capitalization.

DOGE: Reuters Report on Its Demise Is Fake News

DOGE (U.S. Department of Government Efficiency) posted on X platform stating that the Reuters report about its demise is fake news. The department will resume its regular Friday updates in a few days. The American people have authorized President Trump to modernize the federal government and reduce waste, fraud, and abuse. Just last week, the department terminated 78 wasteful contracts, saving taxpayers $335 million.

TD Cowen: Strategy's Bitcoin Premium Nearing "Crypto Winter" Lows, But Maintains Buy Rating

According to The Block, TD Cowen's latest report points out that the bitcoin premium of Michael Saylor's Strategy continues to decline and is now "approaching the lows of the 2021-2022 'crypto winter'." The report includes two updated premium charts (one dating back to 2020 and one covering the past 12 months), showing that Strategy did not issue new shares or purchase new bitcoin through its at-the-market (ATM) program yesterday, which has drawn renewed market attention to its current premium level. The charts show that the current premium has fallen significantly from last year's peak and is gradually compressing to the levels seen at the end of 2021 and the beginning of 2022. Nevertheless, TD Cowen remains bullish on MSTR, maintaining a buy rating and a target price of $535 (about 200% higher than Strategy's current share price of around $180), believing that "achieving this target within a year is reasonable and expected." The report states: "We have not adjusted our base bitcoin price expectations and expect Strategy to hold 815,000 bitcoins by the end of fiscal year 2027. Based on this, we estimate that by December 2027, its holdings will be worth over $185 billions, with an intrinsic value per share of about $540. The $535 target price reflects zero premium to the intrinsic value per share as of December 2027." The report also emphasizes that the risk of Strategy being removed from the MSCI index has already put pressure on the stock price, and it is expected that the company will be removed from the index and continue to be under pressure in the shadow of MSCI.

Trump Orders Launch of "Genesis Mission" Plan to Vigorously Promote AI Research Revolution

On November 25, the White House is seeking to accelerate the enhancement of U.S. scientific research capabilities through the application of artificial intelligence. On Monday, President Trump signed an executive order to launch the "Genesis Mission" plan, directing the Department of Energy and other research agencies to actively promote the deployment of artificial intelligence. Michael Kratsios, Director of the White House Office of Science and Technology Policy, called it "the largest integration of federal research resources since the Apollo program." He stated that the plan is expected to accelerate breakthroughs in fields such as medicine, energy production, and engineering. Energy Secretary Wright emphasized that artificial intelligence will be used to analyze the vast datasets held by its 17 national laboratories and pledged to "significantly accelerate the pace of scientific discovery and innovation." According to the executive order, agencies are required to make datasets more compatible with AI tools such as neural networks, and government-held research data and federal computing infrastructure will be opened to university researchers, private enterprises, and national security professionals.

After Family Wealth Shrinks by $1 Billion, Trump's Second Son Issues a "Buy the Dip" Order

The article analyzes the Trump family's investment behavior in the cryptocurrency market, revealing their dual roles and operational strategies in the market, as well as the real motives behind Eric Trump's recent calls to buy.

The Fed Is Deeply Mired in "Civil War," December Rate Cut Has Become a "Coin Toss" Gamble

There are serious policy divisions within the Fed, with the focus on whether to cut rates in December. Powell's silence has increased market uncertainty, and political pressure and lack of economic data have made decision-making more complex.