1. In the past 24 hours, $552 million was liquidated across the network, primarily in long positions, with the total market capitalization of cryptocurrencies falling below $3.4 trillion.
2. According to monitoring data from Farside Investors, the capital data for US spot Bitcoin ETF and spot Ethereum ETF yesterday (November 25) is as follows: Spot Bitcoin ETF: GBTC net outflow of $158.2 million, BTC net inflow of $400,000. Spot Ethereum ETF: ETHE net outflow of $7.6 million, ETH net outflow of $4 million.
3. Slow Fog's Yu Xian posted on X: 'We checked the surveillance footage early this morning, around 3 AM, various tokens related to the #DEXX attackers on the Solana address were exchanged in bulk for SOL, and these SOL have not been transferred out yet.'
4. Galaxy Digital's trading team stated that BlackRock's IBIT ETF options had a large trading volume in the US stock market, with a first-day volume reaching 353,716 contracts, while the previous highest first-day trading volume for an options product was 360,000 contracts during the launch of Facebook options in 2012.
5. According to Onchain Lens monitoring, a whale withdrew 5,000 SOL from Coinbase, worth $1.25 million, and purchased 1.53 million #GOAT at an average price of $0.817.
6. On November 26, it was reported that financial documents show Telegram's revenue for the first half of this year reached $525 million, a 190% increase compared to the same period in 2023. Of this, $225 million came from a one-time Toncoin advertising deal. Telegram's digital asset value is expected to see significant growth in the first half of 2024, increasing from nearly $400 million at the end of last year to $1.3 billion.
7. Federal Reserve's Kashkari stated that a rate cut in December is a reasonable consideration. The neutral interest rate may be higher, and policy restrictions may not be as strict. Geopolitical risks are the primary consideration for the economic outlook.
8. On the 25th local time, US President-elect Trump announced that he would impose a 25% tariff on all products entering the US from Mexico and Canada. Additionally, Trump also announced an extra 10% tariff on Chinese goods.
9. Nasdaq-listed company Rumble, a video sharing and cloud services platform, announced plans to invest up to $20 million of its excess cash reserves into Bitcoin as part of its new financial diversification strategy. The board approved this allocation, aiming to position Bitcoin as a strategic asset and inflation hedge in its finances.
10. According to data from TheBlock, Ethereum has regained its dominance in USDT supply, surpassing Tron for the first time since 2022. As of the time of writing, the circulating supply of USDT on Ethereum is $66.936 billion, while on Tron it is $61.77 billion. So far this year, the supply of USDT on Ethereum has increased by nearly 62%, while the increase on Tron during the same period is smaller, at 24.4%.
11. The US Department of Justice announced that on November 22, 2024, a man from Lancaster, Massachusetts was found guilty of participating in an unlicensed remittance business after a five-day jury trial. This business involved exchanging cash for Bitcoin for an individual suspected of participating in the illegal sale of counterfeit goods.
12. With the cryptocurrency-friendly Trump returning to the White House, Wall Street is ready to launch a new generation of risk products to meet the tastes of all types of investors, from institutional newcomers to stubborn retail investors, in this $3.2 trillion industry.
13. Mocaverse, a Web3 experience and rewards platform under Animoca Brands, announced today a business collaboration with SK Planet, one of South Korea's largest communication platforms, aiming to create blockchain-based user experiences within SK Planet's existing internet services through Mocaverse's Realm SDK.
14. The team behind Avalanche launched its major upgrade named 'Avalanche9000' on the testnet on Monday, which includes several technical improvements aimed at reducing blockchain deployment costs by 99.9%. These improvements include community proposal ACP-77 (to make Avalanche L1 validators more flexible) and ACP-125 (aimed at reducing Avalanche's base fees by 96%).
15. Sun Yuchen announced a $30 million investment in Trump family's cryptocurrency project World Liberty Financial (WLFI), becoming its largest investor. He also stated that the U.S. is becoming the center of blockchain, thanks to Trump's support for Bitcoin.
On November 20, 2024, #SunYuchen won the representative work (Comedian) of the famous Italian contemporary artist Maurizio Cattelan at Sotheby's 'NOW Contemporary Art Evening Auction' for a price of $6.2 million including commission. The work features a banana taped to a wall, which has become the most expensive fruit in history. He posted a video indicating that he will livestream eating the banana this Friday, and everyone is encouraged to watch.
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