The Federal Reserve’s latest Beige Book says the U.S. economy is “treading water,” with subdued hiring, softening consumer spending and sticky price pressures. Businesses reported little appetite for capex, and households showed growing caution, keeping markets focused on how far the Fed will ease into year-end.
Source: Seeking Alpha
Jobless Claims Surprise to the Downside, Underscoring Labor-Market Resilience
Initial jobless claims fell more than expected in the week ended November 22, signaling a still-resilient labor market despite slower overall growth. The print adds nuance to the rate-cut debate heading into December, with markets balancing cooling inflation against continued job strength.
Source: Seeking Alpha
Nasdaq Seeks Fourfold Increase in Bitcoin-ETF Options Limits to Meet Institutional Demand
Nasdaq’s ISE has asked the SEC to lift position and exercise limits on options tied to BlackRock’s iShares Bitcoin Trust (IBIT) from 250,000 to 1,000,000 contracts per side and remove caps on physically settled FLEX options. If approved, the change would accommodate larger hedges, deeper liquidity and more complex strategies for institutions using regulated bitcoin exposure.
Source: FinanceFeeds
Nevada Court Ruling Strips Prediction Markets of Key Shield, Opens Door to State Gambling Oversight
A federal court in Nevada ruled that sports-outcome event contracts are not “swaps” under the Commodity Exchange Act, undermining platforms’ claims to federal preemption via CFTC registration. The decision risks a state-by-state patchwork for prediction markets like Kalshi and raises the prospect of enforcement by gambling regulators in Nevada and beyond.
Source: FinanceFeeds
S&P Downgrades Tether’s USDT to Weakest Stability Tier; Tether Calls Report ‘Misleading’
S&P Global cut USDT to its lowest stability rating, citing reserve composition (including bitcoin, gold and loans), limited transparency and regulatory risks. Tether countered that the analysis ignores real-world durability and scale, but the move highlights persistent institutional concerns about stablecoin reserve quality and audit practices.
Source: FinanceFeeds
Upbit Suffers $37M Solana-Network Breach; Exchange Promises to Make Users Whole
South Korea’s Upbit confirmed a ~$37 million theft of Solana-ecosystem assets, halted deposits/withdrawals, and said it will reimburse customers from company reserves. The incident—its most serious since a 2019 ETH hack—renewed scrutiny of multi-chain wallet operations as regulators tighten custody and cyber standards for exchanges.
Source: FinanceFeeds
Revolut Taps Nasdaq’s AxiomSL to Centralize Global Regulatory Reporting as It Scales
Revolut expanded its partnership with Nasdaq to consolidate regulatory reporting on AxiomSL across Europe and the UK, part of a broader push toward bank-grade compliance as it targets 100 million users and 30 new markets. The deal aligns the fintech with infrastructure used by G-SIBs and reduces fragmentation across jurisdictions.
Source: FinanceFeeds
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