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According to Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 39.6%, while the probability of keeping rates unchanged is 60.4%. The probability that the Federal Reserve will cumulatively cut rates by 25 basis points by January next year is 50.2%, the probability of keeping rates unchanged is 29.7%, and the probability of a cumulative 50 basis point rate cut is 20.2%.

Jinse Finance reported that the U.S. Senate Agriculture Committee has approved Michael Selig, nominated by Trump, as the CFTC chairman by a vote of 12 to 11. During the hearing, senators focused on whether the CFTC needs a larger budget for crypto regulation, as well as the agency's independence and partisan balance. Selig stated that he would assess funding needs after taking office and emphasized the need to establish a clear regulatory framework that protects investors and supports crypto innovation.