Odaily News Eric Balchunas, a senior ETF analyst at Bloomberg, stated that Bitcoin's rise of 122% last year, far exceeding traditional risk assets, did not trigger market skepticism; the slowdown in growth this year is a normal regression to the previous excessive gains. He noted that, based on a two-year average performance, Bitcoin still recorded a return of about 50%.

According to a report by Jinse Finance, Bloomberg ETF analyst Eric Balchunas stated that last year Bitcoin rose 122%, which is five times that of the S&P 500 index and GLD. Has any Bitcoin holder complained about this? Has anyone thought, "Wait a minute, the historical performance of Bitcoin relative to risk assets suggests it shouldn’t have risen this high, that’s terrible!"? No, you all enjoy this extra rise and double profits, so you got nothing this year, and the average increase still reached 50%. In my view, you are really lucky. Wishing you peace and happiness.

Odaily News GMGN data shows that the market capitalization of BSC Meme Token Hakimi has surpassed 44 million USD, currently falling back to 36.87 million USD, with a daily rise of over 40%. Odaily reminds users that the price of Meme coins fluctuates significantly, and investors should be aware of the risks.

PANews, November 15th news, according to the 13F filing, as of September 30th, Harvard University held 6,813,612 shares of IBIT, valued at $442.9 million; the number of shares held in the GLD Gold ETF was 661,391, valued at $235 million; compared to the holdings at the end of June of 1,906,000 shares of IBIT and 333,000 shares of GLD, the increases were 257.48% and 98.62%, respectively. In addition, Harvard University held 583,931 shares of NVIDIA, valued at $109 million.

Golden Finance reported that Nasdaq-listed Ethereum treasury company Bit Digital released its Q3 2025 financial report, disclosing total revenue for the quarter of $305 million, a year-on-year rise of 33%; ETH stake income was $29 million, a year-on-year rise of 542%. As of October 31, 2025, the company held 153,547 ETH, worth approximately $590.5 million, of which 31,057 ETH were added in October.

Gate News Bot message, on November 14, according to CoinMarketCap data, as of the time of writing, MANTA (Manta Network) is currently priced at $0.12, with a rise of 3.93% in the last 24 hours, reaching a high of $0.13 and a low of $0.10. The current market capitalization is approximately $55 million, an increase of $2.08 million compared to yesterday. MANTA currently ranks 438th in the global crypto assets market capitalization. Important news about MANTA recently: 1️⃣ **Manta Network ecosystem continues to expand** Manta Network, as a blockchain project focused on privacy protection, is continuously expanding its ecosystem. The network aims to provide scalable privacy solutions for decentralized finance (DeFi) applications, attracting more and more.

Gate News Bot news, on November 14, according to CoinMarketCap data, KAVA (Kava) is currently priced at $0.15, with a rise of 4.01% in the last 24 hours, reaching a high of $0.19 and a low of $0.12. The current market capitalization is approximately $162 million, an increase of $6.23 million compared to yesterday. Important news about KAVA recently: 1️⃣ **Large-scale decentralized AI model launch** The Kava network has officially launched a large-scale decentralized AI model, marking an important integration of the cryptocurrency and artificial intelligence fields. This innovative initiative is expected to bring new application scenarios and growth momentum to the Kava ecosystem, attracting more developers and users to participate, thereby driving the rise in the value of the KAVA token. 2️⃣ **Decentralized Financial Infrastructure

Gate News Bot news, on November 14, according to CoinMarketCap data, as of the time of writing, TAC (TAC Protocol) is currently reported at $0.005928, with a rise of 16.06% in the last 24 hours, hitting a high of $0.00608341 and a low of $0.00464539, with a 24-hour volume of $4.38 million. The current market capitalization is approximately $15.5 million, an increase of $2.14 million compared to yesterday. Important news about TAC recently: 1️⃣ **Successfully raised $11.5 million to support the DeFi development of the Telegram ecosystem** TAC Protocol announced the completion of a $11.5 million financing round, aiming to bring DeFi services to Telegram's billion-user ecosystem. The funds will be used for the development of a project based on the TON blockchain.

According to ChainCatcher news and Jin10 reports, a strategist for Société Générale's interest rate strategy pointed out in a report that as the U.S. government ends its shutdown, interest rate volatility may rise again, with U.S. Treasury rates leading the fluctuations. The strategist expects that U.S. dollar rates will exhibit the most significant volatility and maintains a positive outlook on U.S. Treasuries over German bonds. They emphasized that the upcoming inflation and employment reports are crucial for shaping the market's expectations regarding the Fed's interest rate path, and may break through the recent volatility range.

PANews, November 14 - Gate released its transparency report for October 2025, revealing that the number of registered users on the platform has surpassed 44 million. The spot trading volume for the month recorded 163 billion USD, with a month-on-month rise of 39.1%, setting a new historical record and firmly maintaining its position as the second largest spot trading exchange globally. With a 10.5% share of the derivatives market, it ranks fourth in the world, reflecting the platform's sustained activity in the global market. Gate has completely upgraded its VIP service system, recently launching Gate Vault, VIP exclusive financial management, private wealth management services, and VIP quantitative fund products. Additionally, Gate launched the decentralized Perptual Futures platform Gate Perp DEX, with cumulative trading volume exceeding 1.5 billion USD; the on-chain launch platform Gate Fun, and the all-chain Meme coin trading platform Meme.

Gate News Bot news, on November 14, according to CoinMarketCap, as of the time of writing, GLM (Golem) is currently priced at 0.24 USD, with a rise of 5.57% in the last 24 hours, reaching a high of 0.26 USD and a low of 0.19 USD. The 24-hour volume has reached 50.9 million USD. The current market capitalization is approximately 244 million USD, an increase of nearly 12.9 million USD compared to yesterday. Important news about GLM recently: 1️⃣ **Golem network technology upgrade drives performance improvement** The Golem network recently completed an important technical upgrade, optimizing its decentralized computing capabilities and resource allocation mechanisms. This upgrade significantly improved network performance, attracting more developers and users to participate, becoming one of the key factors driving the rise in GLM prices. 2️⃣ **Expansion of Innovative Application Scenarios

Gate News Bot news, on November 14, according to CoinMarketCap data, as of the time of writing, ZEC (Zcash) is currently priced at 516.62 USD, with a rise of 2.20% in the last 24 hours, reaching a high of 736.51 USD and a low of 443.03 USD, with a 24-hour volume of 1.49 billion USD. The current market capitalization is approximately 8.426 billion USD, an increase of 181 million USD compared to yesterday.

BlockBeats news, on November 14, according to GMGN market data, the market capitalization of the Solana on-chain meme coin WOJAK has reached 20 million USD, currently reported at 19.28 million USD, setting a historical high, with a 24-hour rise of 112%. BlockBeats reminds users that meme coins often have no practical use cases, and price fluctuations can be significant, so investment should be approached with caution.

Alliance DAO co-founder QwQiao is uneasy about the crypto market, believing that despite macro factors supporting the market, the overall trend suggests it may be coming to an end. He sees AI as a dominant factor in the U.S. stock market and warns that if the AI bubble bursts, the market will face the risk of collapse. At the same time, he is optimistic about the rise potential of stablecoin startups.

Gate News Bot news, on November 14, according to CoinMarketCap data, as of the time of writing, EVAA (EVAA Protocol) is currently priced at 1.86 USD, having risen 10.68% in the last 24 hours, with a highest of 2.74 USD and a lowest of 1.51 USD. The 24-hour volume has reached 29.4 million USD. The current market capitalization is approximately 12.3 million USD, an increase of 1.19 million USD compared to yesterday. Important news about EVA recently: 1️⃣ **Successfully completed private token sale** EVAA Protocol recently raised $2.5 million in a private token sale. The funds will be used to further develop and expand its DeFi lending services within the TON ecosystem. The success of this funding round indicates investor confidence in the EVAA project, which may be driving its recent price rise.

Gate News Bot news, on November 14, according to CoinMarketCap data, as of the time of writing, QNT (Quant) is currently priced at $92.99, rising 12.72% in the last 24 hours, with a high of $94.24 and a low of $79.66. The 24-hour volume reached $726,000. The current market capitalization is approximately $1.123 billion, an increase of nearly $127 million compared to yesterday. Important recent news about QNT: 1️⃣ **Overledger Network Successfully Launched** The Quant Network team officially announced the launch of the Overledger network. As a core component of the Quant ecosystem, Overledger aims to achieve interoperability between different blockchain networks. This significant technological breakthrough is expected to enhance the rise of QNT in the field of cross-chain solutions.

Gate News Bot news, on November 14, according to CoinMarketCap data, as of the time of writing, RZTO (RZTO) is currently priced at $0.00268031, with a rise of 24.32% in the last 24 hours, reaching a high of $0.0039877 and a low of $0.00176739, with a 24-hour volume of $1.1 million. Current market capitalization data is not available. RZTO is currently ranked 3806 on CoinMarketCap. Important news about RZTO recently: 1️⃣ **Collaborate with AssetSwap.AI to promote AI-driven trading capabilities** RZTO has reached a strategic partnership with AssetSwap.AI, aiming to provide users with AI-driven trading capabilities. This collaboration will empower users to better seize opportunities in the DeFi market and is expected to enhance R

Gate News Bot news, on November 14, according to CoinMarketCap data, RESOLV (Resolv) is currently priced at 0.15 USD, with a rise of 27.68% in the last 24 hours, reaching a high of 0.17 USD and a low of 0.07 USD. The current market capitalization is approximately 48.7 million USD, an increase of 10.6 million USD compared to yesterday. RESOLV is currently ranked 483rd in the market capitalization of Crypto Assets. Important news about RESOLV recently: 1️⃣ **Successfully raised $10 million, boosting investor confidence** Resolv Labs completed a $10 million funding round in April 2025, reflecting the strong interest of crypto investors in yield-generating stablecoins. This funding will support Resolv in further developing and refining its products, with the potential to drive its market share growth.

Gate News Bot news, on November 14, according to CoinMarketCap, as of the time of writing, LUMINT (Lumint) is currently priced at 0.08 USD, with a rise of 4.84% in the last 24 hours, reaching a high of 0.08 USD and a low of 0.07 USD, with a 24-hour volume of 1.64 million USD. Current market capitalization data is not available. Important news about LUMINT recently: 1️⃣ **Gate Flash Exchange Platform Adds LUMINT Trading Support** The Gate flash exchange platform added support for the exchange of LUMINT tokens on November 13, 2025. Users can now perform one-click flash exchange transactions for LUMINT using USDT, enjoying a fast exchange service with no transaction fees. This initiative is expected to enhance the liquidity and accessibility of LUMINT, providing support for its price performance.

On November 13th, multiple Meme coin prices on the Gate Fun platform rose, with TNEWS experiencing the highest increase of 49.68%. The platform allows users to easily create Tokens and communities, gradually becoming the innovative core of the Gate Layer ecosystem.

According to Defilama data, the open interest of mainstream Perp DEXs has slightly decreased, while Lighter's volume continues to rise, ranking first. Hyperliquid follows closely behind, with a decrease in volume.

PANews November 13 news, according to DeFi researcher Ignas, Aave is currently voting to set the LTV of tokens such as $CRV, $UNI, $ZK, $BAL, $LDO, 1INCH, $METIS, $CAKE to 0 and remove lending due to a big dump during the 10/10 (Beijing time 10/11 early morning) period, where the Oracle Machine updated once, causing a rise of 15%–50%, and some price feeds had latency, resulting in bad debt risk. Ignas pointed out that the price feed from Chainlink and DEX prices previously showed a price difference of about 58%, leading to ~$200K funds being arbitraged; the total collateral income for these assets over the past three months is about $14K, with low borrowing income (e.g., CRV annualized ~$80K). He, as a delegator, has voted in support.

BlockBeats news, on November 13, according to Blur data, the Floor Price of Infinex Patron NFT has surpassed 1.65 ETH, approximately 5800 USD, with a 24-hour rise of 15.39%. Infinex announced that the INX Token TGE will be held soon, with 100% of the supply allocated to Patrons.

Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of writing, TAKE (OVERTAKE) is currently priced at $0.33, with a rise of 27.95% in the last 24 hours, reaching a high of $0.34 and a low of $0.23. The 24-hour volume has reached $124 million. The current market capitalization is approximately $53.8 million, an increase of $11.8 million compared to yesterday. TAKE recent important news: 1️⃣ **Decentralized derivatives market sparks investment frenzy** The decentralized derivatives platform Lighter has completed a $68 million financing round, reaching a valuation of $1.5 billion, highlighting investors' optimism towards the market. This movement may stimulate investment enthusiasm for related projects such as TAKE, driving their prices up. 2️⃣ **UK regulators approve cryptocurrency

Affected by the "Canary XRP ETF officially coming into effect", the Trading Volume of some alts has significantly risen. XRP Trading Volume increased by 62.1%, with a rise of 4%; DOGE increased by 22.2%, with a rise of 1.7%; LINK increased by 22.8%, with a rise of 1.86%; HBAR increased by 33.7%, with a fall of 1.86%.

Golden Finance reports that Spot gold has risen over 1.00% today, currently priced at 4236.78 USD/oz. Spot silver has risen over 2.00% today, currently priced at 54.33 USD/oz.

Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of this report, AVAX (Avalanche) is currently priced at $17.60, with a rise of 1.87% in the last 24 hours, reaching a high of $18.54 and a low of $15.67. The trading volume in the last 24 hours has reached $474 million. The current market capitalization is approximately $7.547 billion, an increase of $138 million from yesterday. AVAX currently ranks 20th in the global Crypto Assets market capitalization leaderboard. Important news regarding AVAX recently: 1️⃣ **Korea Agricultural Cooperative Bank Chooses Avalanche to Test Cross-Border Tax Refund System** One of South Korea's five major banks, NH Nonghyup Bank, has announced the launch of a proof of concept (PoC) for value-added tax (VAT) refunds based on stablecoins on the Avalanche blockchain.

Foresight News reported that the Japanese Bitcoin treasury company Metaplanet announced its third-quarter financial report. The sales amounted to 2.401 billion yen, a 94% rise compared to the previous quarter; operating profit was 1.339 billion yen, a 64% rise compared to the previous quarter; net profit was 12.7 billion yen; and net assets were 532.9 billion yen, a 165% rise compared to the previous quarter.

Gate News Bot news, on November 13, according to CoinMarketCap, as of the time of writing, TURTLE (Turtle) is currently reported at 0.13 USD, with a 15.31% rise in the last 24 hours, reaching a high of 0.13 USD and a low of 0.09 USD. The current market capitalization is approximately 195,000 USD, which is an increase of nearly 25,900 USD compared to yesterday. Important news about TURTLE recently: 1️⃣ **Turtle Club launches innovative ranking system** Turtle Club recently launched a brand new ranking system aimed at redefining the success metrics of cryptocurrency projects. This system takes liquidity as its core metric, rather than the traditional market capitalization or trading volume. This initiative is expected to attract more investors' attention to the TURTLE project and may drive its

Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of writing, PARTI (Particle Network) is currently reported at $0.10, with a rise of 35.84% in the last 24 hours, peaking at $0.11 and dipping to a low of $0.06, with a 24-hour volume of $179 million. The current market capitalization is approximately $43.4 million, an increase of $11.4 million compared to yesterday. Important news about PARTI recently: 1️⃣ **The ecosystem cooperation continues to expand** Particle Network actively expands its ecosystem partnerships, enhancing the platform's interoperability and application scenarios. This strategic initiative helps to increase the utility and demand for the PARTI token, becoming one of the important factors driving the price rise. 2️⃣

Gate News Bot message, on November 13, according to CoinMarketCap data, MELANIA (Official Melania Meme) is currently priced at 0.16 USD, having risen 12.88% in the last 24 hours, with a peak at 0.22 USD and a low of 0.10 USD. The current market capitalization is approximately 145 million USD, an increase of 16.5 million USD compared to yesterday. Important news about MELANIA recently: 1️⃣ **Trump's remarks trigger market fluctuations** Former U.S. President Trump stated that a U.S.-China trade agreement would be reached, which sparked optimism in the market regarding an improved political environment. As a token associated with the Trump family, MELANIA's price was positively affected, showing a significant rise. However, the market's digestion and adjustment of this expectation also led to short-term

Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of writing, LTC (Litecoin) is currently priced at $100.83, with a rise of 1.16% in the last 24 hours, reaching a high of $113.24 and a low of $85.56. The 24-hour volume reached $1.091 billion. The current market capitalization is approximately $7.715 billion, an increase of $88.83 million compared to yesterday. LTC is currently ranked 18th in global Crypto Assets market capitalization. Important news regarding LTC recently: 1️⃣ **KuPool Strengthens LTC Mining Pool Business** KuPool recently appointed Qiu Xiaodong as Chief Operating Officer, aiming to promote the growth of mining pool business for mainstream coins such as LTC and DOGE. Qiu Xiaodong has extensive industry knowledge and mining pool operation experience, and his addition is expected to enhance the profits of global miner clients.

Gate News Bot report, on November 13th, according to CoinMarketCap data, VELVET (Velvet) is currently priced at 0.22 USD, with a rise of 14.65% in the last 24 hours, reaching a maximum of 0.23 USD and a minimum of 0.19 USD. The 24-hour volume has reached 7.08 million USD. The current market capitalization is approximately 27.7 million USD, an increase of about 3.54 million USD compared to yesterday. Recent important news about VELVET: 1️⃣ **Strategic cooperation with Beefy Finance** Velvet Capital has established a strategic partnership with the leading multi-chain yield optimization platform Beefy Finance. This collaboration aims to provide users with more diversified yield optimization opportunities, which is expected to significantly enhance the Velvet ecosystem.

Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of writing, NEAR (NEAR Protocol) is currently priced at $2.58, having risen 0.30% in the last 24 hours, with a high of $3.14 and a low of $1.89. The 24-hour volume reached $340 million. The current market capitalization is approximately $3.307 billion, an increase of nearly $9.98 million compared to yesterday. NEAR currently ranks 35th in the market capitalization of Crypto Assets. Important news about NEAR recently: 1️⃣ **NEAR Protocol trading activity has seen a significant rise** The daily volume of transactions on the NEAR protocol shows a clear rising trend. This increase reflects a significant improvement in network activity, possibly due to the deployment of new applications or increased user participation. An increase in volume is often seen as a sign of network health.

Exodus Movement announced its third-quarter performance, with revenue rising 51% to $30.3 million, and net profit increasing from $800,000 to $17 million. The volume reached $1.75 billion, a year-on-year growth of 82%. The company holds a total value of $314.7 million in digital assets and has made an acquisition of the stablecoin payment platform Grateful to support its growth.

Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of writing, PUFFER (Puffer) is currently priced at 0.09 USD, with a 12.66% rise within the last 24 hours, reaching a high of 0.09 USD and a low of 0.08 USD. The current market capitalization is approximately 15.56 million USD, an increase of 1.75 million USD compared to yesterday. Important news about PUFFER recently: 1️⃣ **Large institutions' investment drives liquidity rise** EthZilla plans to deploy approximately $47 million in Ethereum funds to Puffer's liquidity re-staking protocol. This large-scale capital injection is expected to significantly enhance the liquidity and market influence of the Puffer protocol, providing strong support for its price rise. 2️⃣ **The appeal of the protocol continues to grow** Puffer

Gate News Bot message, on November 13, according to CoinMarketCap, as of the time of writing, ZEC (Zcash) is currently priced at $497.89, with a rise of 4.61% in the last 24 hours, reaching a high of $736.51 and a low of $443.03, with a 24-hour volume of $1.88 billion. The current market capitalization is approximately $8.12 billion, an increase of $358 million compared to yesterday. ZEC is currently ranked 17th in the Crypto Assets market capitalization leaderboard.

Gate News Bot news, on November 13, according to CoinMarketCap quotes, as of the time of writing, PAXG (PAX Gold) is currently priced at 4183.77 USD, with a rise of 1.79% in the last 24 hours, reaching a high of 4200.07 USD and a low of 3977.96 USD. The 24-hour volume reached 199 million USD. The current market capitalization is approximately 1.395 billion USD, an increase of 24.5 million USD compared to yesterday. Important news about PAXG recently: 1️⃣ **Gate unified account adds PAXG as collateral** Gate announced on November 7 that its unified account system has added PAXG as a collateral currency. The maximum discount rate for PAXG reaches 85%, which means users can utilize PAXG assets more flexibly for leveraged trading or borrowing. 2️⃣

According to ChainCatcher news and GMGN market data, the Chinese Meme Token "Haqimi" has risen over 50% in the last 24 hours, with a market capitalization of 25.91 million USD. This round of rise may be influenced by the continued increase in popularity of the topic "Hakimi North and South Green Beans" on Chinese social media.

The encryption market analysis firm Santiment stated that as traders' fear sentiment intensifies, the market may experience a Rebound in November. Historical data shows that during panic, funds flow to long-term holders, creating Rebound momentum. This deterioration in sentiment may benefit patient investors, as retail investors sell and key holders accumulate, thereby driving the price rise.

Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of writing, DCR (Decred) is currently priced at $35.83, rising by 14.23% in the last 24 hours, with a maximum reaching $43.08 and a minimum falling to $22.50, and a 24-hour volume of $45.2 million. The current market capitalization is approximately $613 million, an increase of $76.4 million compared to yesterday. Important news about DCR recently: 1️⃣ **The hybrid consensus mechanism continues to gain market recognition** The hybrid proof-of-work/proof-of-stake consensus mechanism of Decred continues to demonstrate its advantages, becoming a major driving force behind the price rise. This innovative design excels in balancing security, sustainability, and decentralization, attracting more investor attention. 2️⃣ **Privacy sector as a whole is strengthening** Recently, add

Gate News Bot message, on November 13, according to CoinMarketCap, as of the time of writing, ESPORTS (Yooldo) is currently priced at $0.37, with a rise of 44.19% in the last 24 hours, reaching a high of $0.40 and a low of $0.16. The current market capitalization is approximately $47 million, an increase of $1.44 million compared to yesterday. ESPORTS currently ranks 509th in the Crypto Assets market capitalization leaderboard. Recent important news in ESPORTS: 1️⃣ **Nova Wallet Expands Global Esports Partnerships** Nova Wallet announced on November 10th the expansion of its global esports partnership with BLAST, and the Nova Shots project will enter the Hong Kong market. This strategic partnership expansion could bring more exposure and use cases for ESPORTS tokens, pushing

Gate News Bot news, on November 13th, according to CoinMarketCap data, as of the time of writing, BABY (Babylon) is currently priced at $0.03, with a rise of 19.46% in the last 24 hours, reaching a high of $0.04 and a low of $0.02. The current market capitalization is approximately $922,000, an increase of $150,000 compared to yesterday. Important news about BABY recently: 1️⃣ **Increase in market attention** The BABY (Babylon) token has recently gained widespread attention in the cryptocurrency market, with several major cryptocurrency data platforms and analysis websites beginning to track and report its price trends. This increased exposure may have attracted more investors' attention, driving up trading volume. 2️⃣ **Price Prediction Analysis Released** Professional cryptocurrency analysis organization

PANews reported on November 13 that crypto analyst Route 2 FI posted that in November 2021, there were 477 projects with a market capitalization of over $100 million, which has now decreased to 388 (including stablecoins). Their analysis is as follows: 1. November 2021 was nearly the peak moment for alts in the previous cycle, and this cycle has not truly experienced a crazy rise; 2. Tokens with low circulation and high Fully Diluted Valuation (FDV) were uncommon at that time. If we sort the number of projects with a Fully Diluted Valuation over $100 million, this number should be higher than in 2021; 3. Liquidity and capital are increasingly concentrated on fewer, larger projects, meaning that even if the total market capitalization rises, small alts will struggle to achieve high valuations; 4. After several rounds of speculative cycles, retail investors and institutional investors are more cautious, tending to prefer tokens and ecosystems that have practical value and have been validated, rather than speculative tokens.

Gate News Bot message, November 13th, according to CoinMarketCap data, as of press time, BEAT (Audiera) is priced at $0.36, up 127.65% in the past 24 hours, with a high of $0.44 and a low of $0.09. The 24-hour trading volume reached $1.176 billion. The current market capitalization is approximately $49.99 million, an increase of $28 million from yesterday. Recent important news about BEAT: 1️⃣ **Surge in Trading Volume Drives Price Increase** BEAT's 24-hour trading volume surpassed $1.2 billion, indicating a significant rise in market interest in the token. The notable increase in trading activity has provided strong momentum for the price to rise, with BEAT increasing by over 40% in a short period. 2️⃣ **Positive Market Expectations Favorably Impact Price Performance**

Golden Finance reports that Roberto Perli of the New York Federal Reserve Bank stated that the rise in overnight financing costs indicates that bank reserves are no longer sufficient. The Federal Reserve will "not be long" before purchasing assets to maintain an ideal level of liquidity. Perli said in a speech prepared for a conference co-hosted by the New York Fed on Wednesday that several indicators, including rising money market rates, "strongly suggest that reserves are no longer ample." Perli is responsible for the Federal Reserve's securities investment portfolio, known as the System Open Market Account (SOMA).