Gate Daily (November 19): Trump WLFI involved in connections with North Korea and Russia; Cloudflare service outage impacts Crypto Assets.

Bitcoin (BTC) has slightly rebounded from an overnight slump, currently reported at around $92,270 on November 19. Cloudflare service interruptions have affected Crypto Assets websites and social media platforms. Democratic senators are calling for an investigation into Trump’s connections with World Liberty Financial and North Korea and Russia. The SEC has removed all Crypto Assets-related content from its 2026 agenda.

Macroeconomic Events & Coin Circle Hotspots

1. On November 18, due to a failure at Cloudflare, many cryptocurrency websites experienced temporary front-end access issues, and several cryptocurrency platforms and social media channels reported network interruptions. The company attributed this failure to “decreased internal service performance.” This outage affected user services on major exchanges, as well as platforms like Ledger and DefiLlama.

2. The reviewers at the U.S. Securities and Exchange Commission (SEC) will not regard cryptocurrencies as an independent risk within the priorities for fiscal year 2026, marking a significant change in the agency's approach from 2024 and 2025. The 17-page “2026 Examination Priorities” released by the examination division outlines key areas for investment advisors, funds, broker-dealers, and market utilities, reiterating cross-disciplinary work on information security, operational resilience, identity theft, revised SP regulations, and anti-money laundering.

3. According to an exclusive report by CNBC on November 18, Senators Elizabeth Warren (D-Massachusetts) and Jack Reed (D-Rhode Island) urged the Justice Department and the Treasury Department to investigate World Liberty Financial, which is connected to Trump, for alleged ties to illegal actors in North Korea and Russia. They cited a report published in September 2025 by the nonprofit oversight group Accountable.US, claiming that “Trump family's crypto assets company sold tokens to dozens of suspicious buyers, who interacted with a large money laundering platform, an Iranian crypto exchange, and even North Korean hackers.”

News Updates

1. Block calls for a $600 tax exemption for Bitcoin payments to promote everyday use.

2. The founder of a Chicago cryptocurrency company has been charged with conspiracy to launder 10 million dollars.

3. New Hampshire approves the first $100 million municipal bond backed by Bitcoin collateral.

4. Filecoin launches Onchain Cloud, opening the era of verifiable and decentralized cloud.

5. Drift updates tokenomics: More than half of the DRIFT has been unlocked for circulation, with a current circulation cap of 750 million coins.

6. Revolut has integrated Polygon as the main infrastructure for cryptocurrency payments.

7. The new encryption incubator Obex has raised $37 million in funding to support yield-bearing stablecoins.

8. Fidelity has launched its Solana ETF “FSOL” with an initial seed capital of 23,400 SOL.

9. HSBC will provide tokenized deposit services to customers in the United States and the UAE.

10. The Moscow Exchange has launched cash-settled Bitcoin and Ethereum index futures.

Market Trend

1. Latest news on Bitcoin: $BTC has slightly rebounded from an overnight slump, currently reported at around $92,270, with $254 million liquidated in the past 24 hours, mainly from long positions;

2. The four major U.S. stock indices closed lower on November 18, once again experiencing severe volatility. The S&P 500 index fell for the fourth consecutive trading day, marking its longest losing streak since August, primarily dragged down by concerns over the valuation of large tech-related stocks and pressured by disappointing financial guidance from Home Depot. This has put pressure on the six-month rally in the U.S. stock market. The Dow Jones Industrial Average closed down 498.50 points, a decline of 1.07%, at 46,091.74 points; the S&P 500 index dropped 55.09 points, a decline of 0.83%, at 6,617.32 points; and the Nasdaq Composite index fell 275.23 points, a decline of 1.21%, at 22,432.85 points.

(Source: Gate)

3. In the Gate BTC/USDT liquidation map, based on the current 92,581.30 USDT, if it drops to around 90,514 USD, the total liquidation amount for long positions exceeds 551 million USD; if it rises to around 94,389 USD, the total liquidation amount for short positions exceeds 387 million USD. The liquidation amount for shorts is significantly lower than that for longs, so it is recommended to reasonably control the leverage ratio to avoid triggering large-scale liquidations during market fluctuations.

(Source: Coinglass)

4. In the past 24 hours, BTC spot inflow was 4.44 billion USD, outflow was 4.45 billion USD, with a net outflow of 0.01 billion USD.

(Source: Coinglass)

5. In the past 24 hours, contracts such as $XAN, $PUMP, $DOGE, $SUI, and $BEAT have led in net outflow, indicating trading opportunities.

X KOL Selected Insights

Phyrex Ni (@Phyrex_Ni): “Today the difficulty $BTC deviated from the US stock market. Although there were no negative factors, the US stock market still saw a decline of over 1%. It only began to improve gradually in the early morning, but the Nasdaq still dropped over 0.5%. The market's pessimistic sentiment has not yet eased, and liquidity has not significantly improved. The US Dollar Index continues to rise slightly, and the pessimistic sentiment in the US stock market has not been alleviated. The US stock market interest rates continue to decrease, indicating that more funds are still skewed.”

“Overall, at least from the current data, the market indeed leans towards pessimism. The biggest bearish factor now is the market's concern that the Federal Reserve will not cut interest rates in December and that liquidity has not yet recovered. Today, Trump finally couldn't hold back and publicly criticized Powell again, stating that a candidate for the Federal Reserve Chairman has already been chosen. If the candidate is announced, it will help alleviate investors' concerns about interest rates not being cut. This time tomorrow will be Nvidia's earnings report. Although Nvidia dropped over 3% at the market open, it has started to gradually recover before the close. The AI bubble still relies on Nvidia. If Nvidia's earnings report tomorrow exceeds market expectations, it should also alleviate the current decline in tech stocks.”

“Looking back at the data of Bitcoin, although today $BTC showed signs of a suspected bottom rebound, the valley fell below 90,000 USD, which intensified investors' panic. It is evident that even early investors are showing signs of selling, while those with a holding cost above 95,000 USD are currently the main sellers. The main reason for the reversal at that time was that the trade dispute between the US and China had come to a halt. Now, the primary issue is the Federal Reserve's monetary policy in December, and the market's current liquidity is a mess. The current reversal may depend on whether the tech stocks can stop falling and stabilize.”

Today's Outlook

1. UK October unadjusted Producer Output Price Index (annual rate), previous value was 3.4%

2. UK October unadjusted Producer Import Price Index (year-on-year), previous value was 0.8%

3. UK Consumer Price Index (YoY) for October, previous value was 3.8%

4. Eurozone October Consumer Price Index final value (year-on-year), previous value was 2.1%

5. Eurozone October Consumer Price Index Final (MoM), previous value was 0.2%.

6, U.S. October New Housing Starts (Annualized Monthly Rate)

7, U.S. EIA crude oil inventory change (10,000 barrels) (as of 1114), previous value was 641.3

8. Federal Reserve Board member Milan delivered a speech on “bank regulation and the Federal Reserve's balance sheet”.