Npthai

🚨 24H MARKET MOVEMENT THROUGH 🚨
• President Trump affirms he will only appoint a new Fed Chair if that person commits to lowering interest rates and fully adheres to his economic directives.
• US GDP for Q3 rises to 4.3%, exceeding expectations.
• Arizona state wants to loosen crypto taxes.
• $ETH - BitMine by Tom Lee just purchased Ethereum worth $88.1 million.
• $WLFI - Justin Sun-linked wallet is banned from trading on WLFI; assets frozen with damages approximately $60M .
• $AAVE – Aave founder Stani Kulechov continues accumulating more AAVE despite unrealized losses.
• $USDC – 500,000,00

GOLD HITS ATH – WHAT'S DRIVING THE PRICE? 🟡
The global gold price increased by ~160 USD in just 2 days, reaching a historical peak of nearly 4,500 USD/oz.
In Vietnam, SJC gold (Doji) also rose sharply from 156.6 to ~159 million dong per tael.
Main reason:
1. Expectations of the Fed lowering interest rates in 2026 → the cost of holding gold decreases
2. Capital flows seeking refuge from geopolitical risks
3. Break historical high → FOMO triggers short-term buying power
4. Weak USD & US Treasury yields decline → gold becomes more attractive
5. Year-end liquidity is low → volatility is ampli

Are Koreans abandoning crypto? Does altcoin still have a future?
When it comes to crypto, few places are as fervent as South Korea. This is where the term Kimchi Premium originated - describing the phenomenon of South Koreans willing to buy Bitcoin at a 10% higher price than the global market. They are not hesitant to spend extra money, as long as they can own BTC.
However, the Korean market is witnessing a rather bleak picture. The exchanges that were once bustling are now unusually quiet. Trading volume has plummeted across the board.
So what is it that makes investors from the land of the m