BNB86

According to Odaily, CoinShares' Head of Research, James Butterfill, has released a report indicating that the bubble surrounding digital asset treasury companies (DAT) has largely burst. By the summer of 2025, companies that were trading at three to ten times their market net asset value (mNAV) have now fallen to approximately one times or lower. This trading model, which once viewed token treasuries as growth engines, has experienced a significant correction. The future trajectory of these companies depends on market behavior: either prices will drop, leading to disorderly sell-offs, or companies will maintain their positions and wait for a rebound. An improved macroeconomic environment and a potential interest rate cut in December could provide support for cryptocurrencies.

According to Odaily, Federal Reserve officials are preparing for another interest rate cut next week. However, any potential boost to the economy may take longer than usual to materialize and could be weakened by factors beyond monetary policy control. Typically, the impact of Federal Reserve policies on consumers and businesses can take up to 18 months to become apparent, but this timeframe may not apply in the current economic climate. Susan Spence, Chair of the ISM Manufacturing Survey, noted that while business leaders are interested in reducing capital costs, tariffs are casting a shadow over these efforts.

According to BlockBeats, Polymarket data reveals a 94% probability of a 25 basis point rate cut by the Federal Reserve in December. The likelihood of maintaining the current interest rate stands at just 6%, with some users even betting on a 50 basis point cut, which currently has a 1% probability. The trading volume for this prediction event has reached $260 million.