According to official news, Australia's Monochrome spot Bitcoin ETF (IBTC) held 258 BTC as of November 26, with an AUM of approximately $37.425 million.

Important Updates for November 27

7:00-12:00 Keywords: Reserve Bank of New Zealand, WalletConnect, Tornado Cash, Vitalik
1. The Reserve Bank of New Zealand lowered interest rates by 50 basis points as expected;
2. WalletConnect has opened WCT airdrop eligibility inquiries;
3. Vitalik donated 320 ETH to the crypto think tank Coin Center;
4. Nasdaq ISE excludes Bitcoin trust product FLEX options trading;
5. Trump demands the New York Attorney General to withdraw his civil fraud charges;
6. A US court ruled that sanctions against Tornado Cash smart contracts are illegal;
7. USDC Treasury minted an additional 50 million USDC on the Ethereum chain.

According to Farside Investors monitoring, the US spot Ethereum ETF had a net inflow of 40.6 million dollars yesterday.

The net asset value of the Bitcoin spot ETF is $98.15 billion, and the ETF net asset ratio (market value compared to the total market value of Bitcoin) has reached 5.45%. The historical cumulative net inflow has reached $30.281 billion.

Base ecological AI Agent Clanker stated on social media that MetaMask co-founder Dan Finlay used Clanker and pump.fun to issue Meme coins. He gave us some great feedback, which will be used to improve our product. Dan Finlay claimed that his experience was not good, but he earned over $26,000 solely through ETH.

According to Dune data, pump.fun's revenue in the past 24 hours reached $3.97 million, surpassing Ethereum's revenue of $3.76 million in the past 24 hours. It is only behind Tether ($13.37 million) and Circle ($4.73 million).

21Shares crypto research strategist Matt Mena stated that for investors who have held Bitcoin since the last bull market, $100,000 is a psychologically significant sell-off point.
Matt Mena believes that if the price of Bitcoin continues to fall, it could drop to $80,000. He noted that options traders focused on cryptocurrencies also support this view, with a large number of options contracts expiring in December betting on Bitcoin falling to $80,000. Mena still expects Bitcoin to rebound before the end of the year, and the holiday season may drive Bitcoin up to the range of $110,000 to $120,000.

According to a report by economists at the U.S. Treasury Department, an increasing number of low-income families are using the profits from cryptocurrency investments to apply for mortgages. The report states that for low-income families, 'cryptocurrency sales may support greater opportunities for obtaining larger mortgages through larger down payments.' In a report released by the Treasury Department's Office of Financial Research on November 26, researchers Samuel Hughes, Francisco Ilabaca, Jacob Lockwood, and Kevin Zhao wrote.
They added that 'the increase in borrowing is particularly pronounced among low-income families with high exposure to cryptocurrency.' The report noted that in areas with high exposure to cryptocurrency, the mortgage rate among low-income families increased by over 250%, with the average mortgage balance rising from approximately $172,000 in 2020 to about $443,000 in 2024.

The Nasdaq-listed Bitcoin mining company BTC Digital announced the expansion of its mining facilities in scale and number, aiming to meet the growing hash power demand of the cryptocurrency market, and will explore business opportunities in Arkansas, Tennessee, Georgia, and Missouri. Additionally, BTC Digital revealed that it is conducting due diligence on 'a location' for a potential acquisition, which could support its mining capacity reaching 40 MW by mid-2025.

Market Correction, Hidden Opportunities

Recently, the market has corrected, panic has spread, and nearly 600 million USD in long positions have been liquidated. However, when viewed calmly, opportunities are hidden within.

First, the bull market is not over; after BTC's assault on the 100,000 USD mark, the correction is a regular adjustment for building momentum.

Second, several altcoins such as XRP, TIA, STX, RIF, LPT, IMX, and YGG have seen smaller declines, with capital support, making it a good opportunity to position for potential profits in the next wave of market movements.

Third, ETH has shown strong performance, with a significant possibility of a subsequent rebound; its ecosystem projects like SSV, LDO, and ENS are likely to benefit and perform well.

Fourth, the international fundamentals are mixed; the December holidays in Europe and the US are a positive factor, and the Federal Reserve may support with interest rate cuts; however, Trump's policies could raise inflation, which is a negative factor.

In summary, the current situation is a bull market correction. Select and position strong coins, which could be a great opportunity for wealth growth by the end of the year.

【11.27 Wan Bing's First Order】
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​Big Cake 🔥2940 points

​Kill 🔥29407 oil

Today, the big pancake sounds the 90,000 defense battle. 90,850 and 90,255 are both symbolic supports, and within 1,200 points below 90,000 is a key area for the bulls' counterattack, usually resulting in a strong rebound. Strong support below 90,000: 88,200, current pressure: 93,600, 94,900, 95,200

Aunt's pressure is at 3,465; support below is at 3,260 and 3,225.

The Bitcoin-listed mining company MARA published an article on platform X, urging the U.S. government to take decisive action to address the challenges posed by Bitcoin and seize opportunities. Their suggestions include: establishing a strategic reserve of Bitcoin to enhance economic sovereignty; expanding domestic Bitcoin mining operations to control global computing power; developing mining technologies such as ASIC chips to achieve self-sufficiency; supporting renewable energy mining through tax incentives; leading global Bitcoin standards to prevent hostile forces from controlling computing power and ensuring the stability of financial transactions. These measures aim to protect national security through computing power advantages and strengthen the United States' leadership position in the global digital economy.

According to Greeks.live macro researcher Adam, the Bitcoin options market has seen a massive influx of large transactions. Since 21:00 last night, over 6000 BTC in value has been traded in large Bitcoin transactions, with the total large call options traded throughout the day exceeding 120 million dollars. Among them, nearly 5000 BTC were actively bought at prices between 92,000 and 100,000 dollars for call options expiring on December 27, and this buying behavior is still ongoing. In addition to the high number of purchase orders, the premium for this wave of purchases is significantly higher than usual, with costs at over twice the premium for the purchases. Analysts believe that a giant whale is in action.

CryptoQuant founder and CEO Ki Young Ju posted on platform X that if Michael Saylor (founder of MicroStrategy) were born in South Korea, he would likely end up in prison. South Korea is not a Bitcoin-friendly country, and without politicians who truly understand Bitcoin, it is difficult to encourage companies or governments to adopt Bitcoin financial strategies; no one knows what is happening right now.
Ki Young Ju added that the South Korean president knows nothing about Bitcoin, the South Korean Securities and Exchange Commission hates Bitcoin, while the South Korean National Tax Service wants to tax using Bitcoin; they are completely out of sync, it's entirely a farce.

With the Republican Party set to achieve significant victories in the coming months, President-elect Trump is preparing to halt President Biden's years-long efforts to cancel student debt for millions. According to two insiders, Trump's transition advisors and external allies have been discussing how to swiftly undo various initiatives from the Biden era that provided borrowers with new or easier pathways to loan forgiveness.

CryptoQuant announced on platform X that long-term holders sold 728,000 BTC in the past 30 days, the largest sell-off in 4 months.

According to Nate Geraci, president of The ETF Store, the New York Stock Exchange has submitted 19b-4 and S-1 filings to the SEC to propose the listing of the Bitwise Bitcoin & Ether ETF. This product will hold both spot BTC and ETH, weighted by market capitalization.
Bitwise co-founder Matt Hougan stated, "Bitcoin and Ethereum are not competitors, just like gold and tech stocks." He believes this ETF will be widely welcomed by investors.

According to FOX Business, the incoming Trump administration hopes to expand the powers of the Commodity Futures Trading Commission (CFTC), granting it significant regulatory authority over a large portion of the digital asset market.
According to sources with direct knowledge of the Trump team's thinking, as Trump takes office and the influence of the crypto industry in Republican politics grows, the responsibilities of the CFTC may soon expand to include regulating the crypto spot market (such as Bitcoin and Ethereum) that are considered commodities, as well as the exchanges that facilitate their trading. Key figures within Trump’s team believe that regulatory relief is needed to stimulate innovation in the crypto business, including potentially transformative blockchain technology that can eliminate costly intermediaries in commercial transactions.
Former CFTC Chairman Chris Giancarlo told FOX Business: "With sufficient funding and the right leadership, I believe the CFTC can begin regulating digital commodities on the first day of Trump's presidency."

A Brazilian congressman has officially proposed the establishment of a national strategic Bitcoin reserve - the Bitcoin Sovereign Strategic Reserve. This plan, known as the 'Bitcoin Sovereign Strategic Reserve' (Reserva Estratégica Soberana de Bitcoins, abbreviated as RESBit), aims to diversify the national treasury. According to the Brazilian media platform Portal do Bitcoin, Congressman Eros Biondini submitted this proposal on Monday.