【Golden Afternoon Report | Key Updates for November 25】7:00-12:00 Keywords: Pump.fun, Metaplanet, Cantor Fitzgerald, MSTR 1. Tokens such as SUI, OP, and IMX will experience significant unlocking this week; 2. The total market cap of stablecoins has surpassed $190 billion, with a 7-day increase of 4.14%; 3. Pump.fun has surpassed Tether for the first time, becoming the protocol with the highest revenue in 24 hours; 4. JPMorgan: The U.S. government's efficiency department may face obstacles in advancing federal reforms; 5. Metaplanet announces final agreement with Bitcoin Magazine Japan; 6. Cantor Fitzgerald is seeking Tether's support for a multi-billion dollar lending program; 7. CryptoQuant CEO: The premium of MSTR's Bitcoin holdings in U.S. stocks has returned to the levels seen during the 2021 bull market; 8. The U.S. SEC generated a record $8.2 billion from enforcement in fiscal year 2024, most of which came from Terraform Labs.