U.S. initial jobless claims for the week ending November 22 were 216,000, the lowest since the week of April 12, 2025, with an expected value of 225,000 and a previous value revised from 220,000 to 222,000.

2. Strategy: Even if Bitcoin falls to its average price of $74,000.00, its BTC assets are still 5.9 times that of convertible bonds

Strategy officially stated that even if Bitcoin falls to its average price of $74,000.00, its BTC assets are still 5.9 times that of convertible bonds, which Strategy calls "BTC rating". Strategy also stated that if BTC falls to $25,000.00, the ratio would still be 2.0 times.

3. Spain plans to significantly increase the tax burden on Bitcoin and crypto assets, with a maximum tax rate of up to 47%

Spain's Sumar parliamentary group has proposed an amendment to significantly increase the tax burden on Bitcoin and crypto assets, changing crypto income from the current "savings tax base" (up to 30%) to taxation based on the "comprehensive tax base," with a maximum tax rate of up to 47%, and requiring companies to pay at a rate of 30%. At the same time, the proposal requires the CNMV to launch a crypto "risk traffic light" and mandatorily display it on the platform. The proposal also seeks to include all crypto assets in the seizable range, no longer limited to MiCA-regulated tokens.

4. Kevin Hassett is seen as the leading candidate for Trump's selection of Federal Reserve Chairman

Sources say that White House National Economic Council Director Kevin Hassett has become the leading candidate for the Trump administration's selection of the next Federal Reserve Chairman and is seen as the candidate most in line with Trump's stance on interest rate cuts. Treasury Secretary Scott Bessent is leading the selection process and has narrowed the field to five candidates after interviewing multiple candidates, including Hassett, Kevin Warsh, Christopher Waller, Michelle Bowman, and BlackRock's Rick Rieder. Previous reports indicated that Hassett served as an advisor to U.S. crypto exchange Coinbase Global Inc. and held at least $1.00M in shares of the company.

5. South African Reserve Bank warns that regulatory gaps in crypto assets and stablecoins pose financial stability risks

The South African Reserve Bank warned in its latest Financial Stability Assessment that the lack of a complete regulatory framework covering crypto assets and stablecoins has become a new financial stability risk, as these assets may bypass existing exchange controls due to their fully digital and cross-border nature. The central bank and the Treasury Department are developing new rules for cross-border crypto asset transactions and plan to revise foreign exchange control regulations to include them in the regulatory scope.