The global cryptocurrency market capitalization is $3.3T, Up +3.39% from the previous session.The total cryptocurrency market trading volume in the past 24 hours is $244.65B, Up +25.00% from the previous session.Bitcoin dominance currently stands at 59.33%, Down -1.22% from the previous session.
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- US President-elect Trump has nominated Kevin Warsh as Secretary of the Treasury, but Warsh may succeed Fed Chairman Powell in 2026. Trump is still considering how to deal with the vacancy of the Fed chairman position, and may not decide until 2026. Trump is considering appointing Scott-Besent to lead the National Economic Council, and if Warsh becomes the Fed chairman, Besent will be nominated as Secretary of the Treasury later in his term.
- On November 22, according to Farside Investors, the net outflow of the US ETH Spot ETF was 900 yesterday.
- Time magazine published an article about the alliance between Musk and Trump, emphasizing Musk's pivotal role in Trump's successful election as president. The article mentions that Musk is involved not only in the efficiency department of the government but also in Trump's domestic and foreign affairs. However, due to conflicts between business interests and the government, the future direction of the Musk-Trump alliance and its impact on the American people remains unpredictable.
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