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Jinse Finance reported that Texas invested $10 million at a price of approximately $87,000 on November 20, becoming the first state in the United States to purchase bitcoin. The Texas State Auditor and Treasury investment team are closely monitoring the market. This initial investment was made through BlackRock's IBIT ETF, and in the future, Texas will self-custody its bitcoin holdings.

According to ChainCatcher, citing Golden Ten Data, investors are increasing their bets, expecting the Federal Reserve to cut interest rates again at next month's rate decision, eliminating last week's doubts and paving the way for a rise in U.S. Treasury bonds. Open interest in futures contracts linked to the Fed's benchmark rate has surged over the past three trading days, and market pricing shows there is about an 80% probability of a 25 basis point rate cut at the Fed's December meeting. This shift in expectations began with last week's delayed release of September employment data, and New York Fed President Williams stated that there is "near-term" room for rate cuts against the backdrop of a weakening labor market.