According to WSJ, the relationship between Howard Lutnick, Chairman of Wall Street trading firm Cantor Fitzgerald and advisor to President Trump’s transition team, and stablecoin giant Tether has raised concerns. Sources reveal that Cantor Fitzgerald is expected to acquire about 5% ownership in Tether, the world’s largest stablecoin issuer. Giancarlo Devasini, the owner of Tether and a former plastic surgeon, reportedly mentioned earlier this year that Lutnick would leverage his political influence to mitigate the threats facing Tether. Cantor Fitzgerald is currently one of Tether's most important banking partners, handling the company’s transactions worth billions of dollars each month. Tether is currently facing regulatory scrutiny, and Lutnick, as a potential candidate for Trump’s Secretary of Commerce, may influence the future direction of cryptocurrency policy due to his close business ties with Tether.

It was reported that around 22:30 on November 23, the price of the WBTC/USDT trading pair on Binance experienced a flash crash, dropping to as low as 5209 USDT, before quickly recovering to normal; the trading volume in 15 minutes surged from the usual less than 1 WBTC to 88.6 WBTC. The reason for the flash crash may be due to the low liquidity of this trading pair, which caused price anomalies in the event of a large market sell order. Some community members speculate that hackers may be using this low liquidity trading pair for wash trading money laundering, and Binance has yet to release an official announcement explaining the situation. Similar occurrences have previously happened with niche trading pairs on Binance such as BNB/USDC, WBTC/BTC, and ARB/TUSD.

Nate Geraci, president of The ETF Store, said: "I believe there is a high probability that the Solana ETF will be approved by the end of next year at the latest. The SEC may currently be in contact with the issuer about the product, which is obviously a positive sign." Given that industry leaders such as Bitwise have already submitted applications one after another, Alexander Blume, CEO of Two Prime Digital Assets, also agreed with this view. "If they don't have a good feeling of success, they won't waste time and money doing it," Blume said that the success and precedent of spot Bitcoin and spot Ethereum ETFs, coupled with a more friendly management and regulatory environment for cryptocurrencies, will lead to the launch of the SOL ETF within the next year. (TheBlock)

Editor | Wu Talks Blockchain

This episode is an AMA hosted by E2M Research on Twitter Space, with guests including Shen Yu (Twitter @bitfish1), Odyssey (Twitter @OdysseyETH), Zhen Dong (Twitter @zhendong2020), and Peicai Li (Twitter @pcfli). This AMA delves into two key issues in the Web3 cryptocurrency field: how to hold quality assets long-term and how to adjust one's mindset and heavily invest after selling.

The guests proposed several operational methods and strategies based on real cases: allocating assets through the "Four Wallet" rule to avoid emotional decision-making; adopting a strategy of buying in batches and locking core assets (like Bitcoin and Ethereum) in cold wallets to ensure long-term holding. Meanwhile, for experimental assets (like NFTs), a small observation position strategy is used to explore market potential. They also shared experiences in psychological construction to cope with market fluctuations, such as building rules to limit irrational behavior and daring to adjust strategies during price pullbacks. These practical experiences provide investors with a rational framework and long-term strategic support to face the volatility of the cryptocurrency market.

1. Trump team plans to appoint Bessant as Treasury Secretary

The Trump team is preparing to announce Bessent as Treasury Secretary. Bessent has a positive attitude towards cryptocurrencies. He once said that "cryptocurrency is about freedom" and believes that Bitcoin can attract young people and new investors and help cultivate the American market culture. Scott Bessent runs a macro investment company Key Square Group. Thirty years ago, he worked for the famous investor George Soros. He was one of the "promoters" of Soros Fund Management's famous bet that the pound would collapse, and that bet made a profit of more than $1 billion.

Author: Dr Daoist

Original source: https://t.co/AulNdP3eLd and https://t.co/WwTUFPDCP8

We advocate for Bitcoin because it saves the world economy from the disaster of excessive issuance of fiat currency. Unbeknownst to us, in Web3, we are still lifting stones to hit our own feet: unlocking tokens over time excessively.

‘Fair release’ issues VC coins in a meme-like fashion — perhaps the fairest and most sustainable token economic model for VC coins — and may even achieve a ‘only rise not fall’ flywheel.

‘Low circulation, high FDV’: a surface-level issue

Wu said that according to SoSoValue data, yesterday (Eastern Time November 22) the total net inflow of Bitcoin spot ETFs was $490 million. Yesterday, Grayscale ETF GBTC had a net outflow of $67.05 million, and the historical net outflow for GBTC is currently $20.326 billion. Grayscale Bitcoin Mini Trust ETF BTC had a net inflow of $5.7216 million yesterday, and the historical total net inflow for Grayscale Bitcoin Mini Trust BTC is currently $697 million. The Bitcoin spot ETF with the highest net inflow yesterday was BlackRock ETF IBIT, with a net inflow of $513 million. Next was Fidelity ETF FBTC, with a net inflow of $21.706 million.

According to Wu, as reported by SoSoValue data, the total net inflow of Ethereum spot ETFs yesterday (November 22nd, Eastern Time) was $91.2093 million. Yesterday, Grayscale's Ethereum Trust ETF ETHE had a net outflow of $18.5621 million, bringing the historical net outflow of ETHE to $3.338 billion. Grayscale's Ethereum Mini Trust ETF ETH had a net outflow of $620,000 yesterday, and the historical total net inflow of Grayscale Ethereum Mini Trust ETH is $367 million. The Ethereum spot ETF with the highest net inflow yesterday was BlackRock ETF ETHA, with a net inflow of $99.6768 million. Next was Fidelity ETF FETH, with a net inflow of $5.7583 million.