The US monthly trade deficit continued to shrink in October after President Trump imposed sweeping tariffs on imports, the latest data showed, with the trade shortfall being just $29.4 billion for October, down 39% from the prior month. The Supreme Court may rule Friday on Trump's tariffs: The decision is poised to have far-reaching impacts on not only trade policy but also the U.S. fiscal situation, as it will determine the legality of President Trump's sweeping tariffs. The December jobs report is due out today: Nonfarm payrolls likely rose by 73,000 last month while the unemployment rate edged lower to 4.5%, according to the Dow Jones consensus, providing key insights into the state of the US labor market.
BitMine Immersion Technologies, the largest corporate Ether holder, purchased $105 million worth of ETH to start 2026 and now holds 4.07 million Ether worth $12.6 billion (3.36% of ETH supply) with $2.87 billion staked for passive yield, while maintaining $915 million in cash reserves toward its goal of accumulating 5% of the supply.
Binance launches gold and silver perpetual futures settled in USDT, expanding crypto access to precious metals markets.
Nexo launched a zero-interest crypto lending product for Bitcoin and Ether holders offering fixed-term loans settled at maturity with stablecoins or collateral options, expanding a structured lending model that facilitated over $140 million in borrowing during 2025 across its private and OTC channels.
Morgan Stanley plans to launch a digital asset wallet in 2026 supporting cryptocurrencies and real-world tokenized assets including stocks, bonds, and real estate, complementing its recent SEC filings for spot Bitcoin and Solana ETFs and staked Ethereum ETF, as the financial services giant expands crypto offerings to all client tiers.
A Polymarket account that profited approximately $400,000 from a well-timed bet on Nicolás Maduro's capture—placing $32,000 just before the U.S. military operation—is now inaccessible on the platform, raising insider trading concerns as the account received $436,700 in USDC winnings and subsequently transferred $437,800 out hours later.
XRP ETFs saw their first net outflow day since launch after a multi-week inflow streak of over $1 billion.
Bank of America upgraded Coinbase to "buy" with a 38% price target to $340, citing the company's product expansion into tokenized real-world assets, prediction markets, and its "everything exchange" strategy, joining Goldman Sachs' recent upgrade as short interest reverses and tax-loss selling pressure eases.
