On November 28, BlockBeats reported that several AI and meme coins performed well, with the AI project SQD rising by 78.1% and a trading volume of 101 million; the meme coin TURBO rose by 62.3% with a trading volume of 338 million. Investment should be done with caution.

Tether has paused its Bitcoin mining operations in Uruguay due to rising energy costs, although it remains committed to long-term projects in Latin America. Previously, Tether had a debt dispute with Uruguay's state-owned electricity company, has notified the labor department, and laid off 30 employees.

The Chicago Mercantile Exchange (CME) gradually resumed forex trading at 20:00 Beijing time after experiencing several hours of global market trading interruption, but has not yet announced the recovery times for other markets. This interruption lasted longer than a similar event in 2019, highlighting the extensive impact of the CME and its Globex platform. After the resumption, trading fluctuations in the forex market were minimal.

ChainCatcher news, Yala has posted on the X platform stating that all native BTC under the institutional model will be withdrawn from the Yala protocol. This process is completely separate from retail investor activities and will not affect the retail investor's YU balance or redemption rights. The complete redemption plan and timetable will be announced on December 15. In addition, Yala will release an updated roadmap outlining the next phase of development, including a shift towards AI-driven agent prediction.

Golden Finance reports that the stablecoin protocol Yala plans to remove the native BTC under institutional mode on the X platform, but will not completely destroy YBTC. Some YU remains locked in the Euler pool, and the retail investor YU balance and redemption rights are not affected. The redemption plan will be announced on December 15.

TSMC recently confirmed that its Fab 21 factory in Arizona experienced production disruptions in late September due to a power outage from a supplier. According to insider Tim Culpan, the outage forced the factory to scrap some wafers, but TSMC has not disclosed the specific number of losses or economic impact. A TSMC representative confirmed to Tom's Hardware that the power outage did occur but did not confirm whether it resulted in wafer losses. The power outage originated from the UK industrial gas supplier Linde, which is responsible for supplying critical materials to Fab 21. Although the Fab 21 plant itself did not experience a power cut (equipped with backup generators), the disruption in the supply of critical materials forced the plant to halt production for several hours and caused potential losses. TSMC in the US must rely on external suppliers to manage gas infrastructure, while in Taiwan it is managed internally, making Fab 21 more susceptible to supply chain disruptions.

American model Bri Tracy recently explored the role that XRP might play in the reverse yen arbitrage trading in Japan, which amounts to a staggering $4.5 trillion. Tracy pointed out that XRP has fast and programmable settlement capabilities that meet the needs of modern financial infrastructure. She emphasized that the bank for international settlements (BIS) recommends effective settlement of assets to be turned over 8 to 10 times daily to ensure liquidity, while the turnover speed of XRP far exceeds this standard. Japan's SBI Remit has already started using XRP for fast cross-border settlements. Reverse arbitrage trading refers to investors borrowing funds in low interest rate countries and investing in high-yield assets to obtain differential returns. Japan has long maintained a low interest rate, even negative interest rate environment, giving rise to a large-scale yen arbitrage trading. According to data from the Japanese Ministry of Finance, the trading scale is approximately 4.2 trillion to 4.5 trillion USD. After the Bank of Japan ended negative interest rates and raised the benchmark rate in March 2024, some arbitrage trades triggered reverse operations, with about 40% of trades closed and the remaining 60% still ongoing.

Since November 21, XRP has risen nearly 26%, but the price is hovering in a key range, with a relatively mild pump. Recently, buying pressure on the exchange has surged, while the price fall has failed to break through the support level, indicating limited selling momentum. XRP is still below the key resistance level since mid-November. If it breaks through that resistance level, the trend may reverse. The price is currently fluctuating within a descending wedge, which is usually a bullish signal. Once the buying power strengthens, the price is expected to break upward. Since November 25, the lower boundary of $2.14 has absorbed all selling attempts, and even with the 100-day and 200-day EMA completing a death cross, the price has not fallen below the support.

ChainCatcher news, TRON officially announced that the java-tron v4.8.1 pre-release version has been officially launched on the Nile Testnet and is a mandatory upgrade version, calling on all Nile nodes to complete the update as soon as possible. This upgrade covers multiple key modules, including the consensus core, virtual machine, network, event service, and API, aiming to further enhance the overall capabilities of the TRON network in terms of performance, security, and cross-architecture compatibility. According to the official website of the Nile Testnet, this upgrade has significantly improved the performance of the TRON network in terms of architectural compatibility, virtual machine security, network stability, event and API query capabilities, and development toolchain: new support for ARM architecture, introduction of TIP-6780 to adjust the SELFDESTRUCT instruction, and for P2P.

On Thursday, Japanese digital asset management company Metaplanet's stock price rose by about 7%, after the company disclosed that it had provided a loan of $130 million to purchase more Bitcoin. This former hotel operator transformed into a Bitcoin asset management company, and its acquisition plan triggered a positive market response, also boosting the stock prices of other DAT companies. On that day, the performance that outperformed the Nikkei 225 Index included energy company and former cryptocurrency exchange operator Remixpoint, whose stock price rose by 22%, holding approximately $128 million in Bitcoin assets. Other DAT company stock prices also rose: SBC Medical Group Holdings increased by about 5%, Gumi rose nearly 3%, and Agile Media Network saw an increase of about 1%, with the overall rise significantly surpassing Bitcoin's own increase of 0.24%.

Recent analyst reports indicate that XRP is showing a structural trend similar to Ethereum's in 2016-2017, attracting market attention. Ethereum skyrocketed from $20 to $1,400 after a long accumulation phase that year, while XRP is currently oscillating in the $2-3 range, being considered in a similar accumulation phase. Analyst Paul GoldEagle pointed out that the rise of XRP in January this year (over 600%, to $3.40) is just the "tip of the iceberg" and the consolidation indicates a potential parabolic rise, with a price target that could reach $60, equivalent to Ethereum's historic gains.

According to BlockBeats news on November 28, based on glassnode data, the recent major supply concentration areas for Bitcoin are between $93,000 and $96,000 and between $100,000 and $108,000. It is expected that buyers will encounter a certain level of resistance in these areas in the near future.

The European Central Bank recently made a clear statement regarding Bitcoin reserves, indicating that it will not include Bitcoin in its official reserves. This decision has sparked heated discussions in the global crypto world, with the market and investors showing high concern for the future direction of European digital assets. The European Central Bank emphasizes that Bitcoin reserves do not align with its long-term framework. The bank prefers assets that are stable, have clear valuations, and a historically reliable safety record, whereas Bitcoin has yet to meet these standards. In its statement, the European Central Bank pointed out that further regulatory strengthening is needed to ensure that the risks are manageable before Bitcoin is included in the official financial system.

The Shiba Inu team announced a comprehensive privacy upgrade to its Shibarium platform and collaboration with an artificial intelligence gaming company to enhance the utility of the SHIB Token. Official spokesperson Lucie stated on X that the Shibarium platform is expected to achieve full on-chain privacy in the second quarter of 2026. Crypto company Zama will introduce Fully Homomorphic Encryption (FHE) technology to the network, allowing smart contracts to be executed directly on encrypted data without decryption, thereby enhancing the security of transactions and contracts. This technology will transform Shibarium from a typical Layer-2 chain into a privacy-focused blockchain network. Zama's public testnet has been launched on the Ethereum Sepolia network, with plans to go live on the Ethereum mainnet by the end of the year, and to expand to EVM-compatible chains in the first half of 2026, before deploying to Solana by the end of the year.

Odaily News CEA Industries Inc. (Nasdaq: BNC) announced today that it has appointed Annemarie Tierney, founder and head of Liquid Advisors, as a member of the company's board of directors, effective November 26, 2025 (Wednesday). CEA Industries claims to manage the largest in the world.

The European Union has launched a series of stringent reporting regulations for digital assets, which will reshape the operational models of crypto assets companies in the EU. Regulators aim to prevent tax evasion and financial crime, but the new rules significantly undermine the privacy protection of crypto assets. According to the revised Directive on Administrative Cooperation (DAC8), starting from January 1, 2026, digital asset operators must comply with mandatory reporting obligations. Exchanges and wallet providers are required to provide standardized trading data to regulatory authorities; even if an operator is deregistered, user information will still be retained. The new implementing regulation (EU) 2025/2263 requires the disclosure of information using a fixed computer format, with each registered operator receiving a unique 10-digit identification code to enable regulatory authorities to track the flow of funds more effectively. Member states are also required to submit annual assessment reports to ensure regulatory consistency and automatically share data, thus placing greater pressure on encryption privacy.

PANews, November 28 – Cobo announced a donation of 1 million HKD equivalent in stablecoin for fire rescue and community rebuilding in Tai Po, Hong Kong. They are collaborating with the Hong Kong Red Cross to launch a dedicated "Compliance Blockchain Charity Wallet" to ensure that the donations are publicly transparent and traceable throughout the process. The wallet is now open to the public, allowing individuals to transfer donations directly to it, with all funds being used for the related rescue efforts. Cobo stated that they will continue to follow the flow of donations and the progress of post-disaster rebuilding, and are willing to provide free technical support to charitable foundations in need of blockchain donation channels.

PANews, November 28 - According to a report released recently by the Democratic Party of the House Judiciary Committee, President Trump and his family profited over $800 million through a cryptocurrency project in the first half of 2025 by colluding with foreign powers and corporate interests. Their total assets increased to $11.6 billion, while they also disbanded regulatory agencies, interfered in investigations, and pardoned involved financiers, which is suspected of serious corruption and conflicts of interest.

Crypto Assets market expert Matrixport pointed out that the Bitcoin price is currently in a rare stalemate between bulls and bears, triggering intense discussions among traders about the year-end trend: will Bitcoin rebound to $100,000 or fall back to $80,000? During the Thanksgiving period, Bitcoin rebounded to over $91,800, a phenomenon common before Christmas. Matrixport emphasized that a bullish "hammer" reversal pattern occurred when the price reached $80,000, providing technical support for the rebound. However, Glassnode data shows that due to declining market liquidity and increasing realized losses, Bitcoin is trapped in a range-bound fluctuation, with deleveraging in the futures market and options maintaining a defensive stance, while overall demand remains weak.

Bitcoin experienced significant fluctuations in November: it reached as high as $110,000 at the beginning of the month, and a few weeks later fell to a low of $80,600, possibly marking the largest monthly drop since 2018. However, in the past week, the market has shown signs of recovery, with Bitcoin rising 10.6% and returning to the $90,000 level, bringing a glimmer of optimism to the market. Market analysis indicates that trading volume significantly decreased this week due to the Thanksgiving holiday in the United States. Wall Street was closed all day on Thursday and only opened for half a day on Friday, with limited liquidity being a key factor. Meanwhile, concerns over the artificial intelligence sector bubble are gradually dissipating, while investor expectations for a rate cut by the Federal Reserve in December continue to heat up. The CME FedWatch tool shows that the likelihood of a 25 basis point rate cut on December 10 is as high as 84.7%, with only 15.3% believing that rates will remain between 3.75% and 4%. A decrease in interest rates often boosts risk assets, and Bitcoin is expected to benefit.

BlackRock's proprietary mutual fund - Strategic Income Opportunities Portfolio has recently increased its holdings in the iShares Bitcoin Trust (IBIT), indicating that institutional interest in Bitcoin continues to rise. According to the latest documents submitted to the U.S. Securities and Exchange Commission (SEC), as of September 30, the portfolio held 2,397,423 shares of IBIT, valued at approximately $155.8 million, an increase of 14% compared to 2,096,447 shares at the end of June.

Ethereum has formulated further scaling plans for 2026 after completing the Pectra upgrade in 2025. Co-founder Vitalik Buterin stated on X (formerly Twitter) that the block gas limit of Ethereum is expected to increase by 5 times next year, achieving a more "targeted rise" to enhance network throughput while keeping Layer 2 (L2) transaction costs low. The gas limit is a key parameter that determines the number of transactions each block can handle. Currently, Ethereum's gas limit per block is 60 million gas, which has doubled since the community's first call for an increase a year ago. Raising the gas limit allows more transactions to be packed into blocks, but heavy and inefficient operations can increase costs, thereby preventing nodes from being overloaded with data storage.

ChainCatcher news, according to a report by Cointelegraph, the International Monetary Fund (IMF) recently released a video warning that although the tokenization market can make financial transactions faster and cheaper, this technology also brings new systemic risks. The IMF acknowledges that tokenization can lead to significant cost savings by reducing intermediaries and enabling instant settlements, but it also points out that automated trading could increase market volatility and the risk of flash crashes. Complex smart contracts chains under market pressure could trigger a chain reaction like "dominoes," turning localized issues into systemic shocks. The IMF predicts that based on historical experience, governments will not remain spectators in this important monetary evolution and will play a more active role in the field of tokenization in the future.

The Chicago Mercantile Exchange Group (CME Group) was forced to suspend all trading on its Globex platform due to a failure in the data center cooling system, affecting global stock, commodity, and Crypto Assets markets. CME noted in a statement that the issue stemmed from an abnormality in the cooling system of the CyrusOne data center, and the technical team is working hard to restore the system and will provide updates on pre-market trading as soon as feasible. The impact of this interruption is vast. CyrusOne operates over 55 data centers in the United States, Europe, and Japan, and the failure has led to a halt of all futures and options contracts at CME, including major currency pairs, crude oil, palm oil, and Crypto Assets related products. Multiple traders have described this event as a "nightmare" and have called on social media for CME to compensate for the losses incurred due to the trading freeze during the interruption.

The Japanese real estate company Shinoken Group has signed a memorandum with Japan Post Bank and DeCurret DCP to pilot the use of tokenized deposits for real estate transactions, scheduled for completion by the end of December, with implementation expected in 2026. Shinoken will launch a points system, and the postal bank will issue tokenized deposits.

According to ChainCatcher news, as reported by Jin10, the US stock market will be closed on Thursday for Thanksgiving and will reopen on Friday. The major US stock indices are set to end November with a decline in the approximately 3 hours of trading time left this month. As of Wednesday's close, the S&P 500 index has fallen by 0.4%, the Dow Jones by 0.29%, and the Nasdaq by 2.15%. Unless there is a significant rise on Friday, the US stock indices are about to end their winning streak, with the S&P 500 and Dow Jones rising for 6 consecutive months and the Nasdaq for 7 consecutive months.

PANews, November 28 - Goldman Sachs warns of "cracks" in the U.S. labor market. WARN filings related to planned large-scale layoffs have risen to their highest level since 2016 (excluding the pandemic peak); Challenger statistics show that layoff announcements in October are close to recession levels, primarily from technology, industrial goods, and food and beverage sectors. Goldman Sachs states that layoffs combined with low hiring rates make it harder for the unemployed to find reemployment. Initial jobless claims remain low, but they usually lag behind private layoff data by about two months and may rise in winter. Amazon plans to cut about 14,000 corporate jobs this fall. Goldman Sachs indicates that there is currently insufficient evidence to determine AI as a major driver of layoffs.

Gate News Bot news, on November 28, according to CoinMarketCap data, ARC (AI Rig Complex) is currently priced at 0.05 USD, having pumped 41.36% in the last 24 hours, with a high of 0.05 USD and a low of 0.02 USD. The current market capitalization is approximately 48.3 million USD, an increase of 1.41 million USD compared to yesterday. Important news about ARC recently: 1️⃣ **Cysic official account name change hints at mainnet launch being near** The official X account of Cysic has been renamed to Cysic (Mainnet Arc), and several core team members have updated their identity identifiers. This move may indicate that the mainnet of the Cysic project is about to be launched, and it may also be accompanied by the long-awaited token airdrop event. This news has sparked market interest in the prospects of the ARC project.

XRP has once again become the focus of the crypto market. Industry insider Lawrence Samantha stated that with Wall Street launching several new products linked to XRP, the market capitalization of XRP, which reaches 133 billion dollars, is迎来结构性拐点, expected to rise by 65%, moving towards historical highs. Samantha pointed out in an interview with DL News: "XRP clearly has a path for significant rise, and this trend proves that its market structure is undergoing a transformation. As financial institutions accelerate their involvement in XRP, we believe it has the potential to return to historical highs." He further added that the inflow of funds, improved regulatory clarity, and the launch of multiple spot ETFs all demonstrate "exceptionally strong institutional demand."

BlockBeats news, on November 28, according to HyperInsight monitoring, Huang Licheng's ETH take profit orders placed yesterday were partially filled, recording a profit of approximately $90,000. Currently, his ETH long order holdings are about $22.63 million, with unrealized gains of $700,000 (78%), at an average price of $2,962. He also holds HYPE long orders, with a holding size of about $6.24 million, and unrealized gains of $240,000 (40%). This address deposited approximately $1 million into Hyperliquid on the evening of the 24th, and subsequently opened ETH long orders at around $2,822, with a holding size of about $13.5 million, continuously closing positions and rolling over recently, with yesterday's open orders partially closed in the range of $3,050 to $3,100.

Gate News Bot report, on November 28, according to CoinMarketCap data, ASTR (Astar) is currently priced at 0.01 USD, having risen 8.11% in the last 24 hours, with a high of 0.01 USD and a low of 0.01 USD. The current market capitalization is approximately 118 million USD, an increase of 8.8 million USD compared to yesterday. Important news about ASTR recently: 1️⃣ **Astar ecosystem continues to expand** Astar Network, as an important project within the Polkadot ecosystem, has recently made significant progress in cross-chain interoperability and smart contract functionality. Its WebAssembly-based smart contract platform has attracted more developers, driving an increase in network activity. 2️⃣ **DeFi application rise drives demand** Decentralized on Astar

Gate News bot message, according to the Gate platform announcement on November 28, 2025: Gate will launch SUPERFORTUNE on November 28, 2025, at 20:00 UTC+8 with spot trading for the trading pair GUA/USDT. (. SUPERFORTUNE is an AI-driven prediction market engine project incubated by Manta Labs, which combines Chinese metaphysics with the cryptocurrency market to identify price patterns. GUA, as the project's native token, is primarily used to unlock wealth reports, purchase virtual items within the platform, and serve as an in-app payment currency. The token is issued on the BSC network, and the contract address is 0xA5C8e1513B6A08334b479fe4D71F1253259469BE.

Gate News Bot news, on November 28, according to CoinMarketCap data, as of the time of writing, MITO (Mitosis) is currently priced at 0.10 USD, with a rise of 12.54% in the last 24 hours, peaking at 0.10 USD and dropping to a low of 0.07 USD. The current market capitalization is approximately 185,000 USD, an increase of nearly 20,700 USD compared to yesterday. Recent important news about MITO: 1️⃣ **Mitosis ecosystem continues to expand** The Mitosis project has made significant progress in the DeFi sector by introducing new liquidity mining programs and cross-chain bridging features, which have significantly enhanced the ecosystem's interoperability and user participation. These initiatives have effectively stimulated the demand for MIT tokens, becoming one of the main factors driving the rise in price. 2️⃣ **Technology upgrade to optimize network performance**

According to ChainCatcher news, a recent research report by CryptoQuant indicates that the total supply of ERC20 stablecoins has surpassed $160 billion in 2025, reaching a historical high, which is considered a key indicator for predicting Bitcoin price movement. The research points out that compared to the global M2 Money Supply, the supply of stablecoins shows a more significant correlation with Bitcoin price movement. The report analyzes that stablecoins, as the main source of liquidity in the crypto market, can reflect the flow of investor funds more quickly and directly, and their supply growth often precedes the rise in Bitcoin prices. During the bull run in 2021 and the market recovery in 2024-2025, the growth of stablecoin supply clearly preceded the rise in Bitcoin prices. The CryptoQuant research team states that the current supply of stablecoins is at a historical high, indicating the underlying purchasing power of the market.

Gate News bot message, a significant position shift occurred as whale trader 0x0ddf9 executed a complete reversal in their Bitcoin trading strategy. The trader, who previously generated over $10.6M in profits on Hyperliquid, closed their 1,000 BTC ($91M) short position at a $1.6M loss. The original

On November 28, news emerged that on the afternoon of November 26, 2025, a level five fire broke out in Wangfu Garden, Tai Po, New Territories, Hong Kong, resulting in significant casualties and property losses. This severe disaster has touched the hearts of the entire Hong Kong and even the global Chinese community, prompting swift action from all sectors through donations, material assistance, and volunteer services to support the affected residents. In this context, the AB Charity Foundation donated 10 million Hong Kong dollars to the Hong Kong General Association for the Promotion of Peaceful Reunification of China, jointly participating in the fire rescue and post-disaster community reconstruction work at Tai Po Wang Fuk Court, working together to promote the sustainable development of humanitarian assistance and related public undertakings. The AB Charity Foundation was established in May 2025 in Ireland, dedicated to promoting global public welfare, with a particular focus on vulnerable groups affected by war and natural disasters, especially women and children. This donation not only reflects the core mission of the AB Charity Foundation of "technology for good," but also demonstrates its holistic approach to the planet, transcending regions and cultures.

Odaily News According to official news, Ju.com donated 2 million HKD to Hong Kong to support disaster-affected families, frontline rescuers, and community reconstruction work. Ju.com stated that it will continue to follow the actual needs in the rescue and reconstruction process in the Tai Po area of Hong Kong and will continue to provide necessary support in the subsequent phases.

According to BlockBeats news on November 28, monitoring by HyperInsight shows that in the past 3 hours, the whale marked "pension-usdt.eth" opened a 3x leveraged BTC long order with a position size of 91 million USD, an average price of 91,400 USD, and currently has unrealized losses of 310,000 USD, making it the largest long position on Hyperliquid. Additionally, it was monitored that at 3 AM today, it closed a 20x leveraged BTC short order opened yesterday, recording a loss of about 1.63 million USD. This address has recently engaged in swing trading and placed large orders, with an average holding time of about 6 hours this week and monthly profits reaching 12 million USD.

Bitmine Immersion Technologies (BMNR) has recently made another large-scale purchase of Ether, attracting significant market attention. On-chain data shows that this Ethereum treasury company, supported by Fundstrat's renowned analyst Tom Lee, increased its holdings by 14,618 ETH on November 28, valued at approximately 44.34 million USD, with funds coming from BitGo Hot Wallet. This increase further reinforces the recent trend of institutional demand for Ethereum warming up. As of now, Bitmine Immersion has held approximately 3.6 million ETH, accounting for 3% of the total ETH supply, making it one of the most influential enterprise-level Ethereum holders in the market. According to Yahoo Finance data, Bitmine's enterprise value is $12.19 billion, with a total cryptocurrency holding scale of $11.2 billion, keeping its price-to-book ratio at a solid level of 1.08.

Gate News Bot news, on November 28, according to CoinMarketCap data, as of the time of writing, FUN (FUNToken) is currently priced at $0.00259652, with a rise of 13.65% in the last 24 hours, reaching a high of $0.00260517 and a low of $0.00180961. The 24-hour volume reached $16.1 million. The current market capitalization is approximately $28.1 million, an increase of $3.37 million compared to yesterday. Important news about FUN recently: 1️⃣ **PGP public chain completes strategic upgrade, which may drive the performance of related ecological projects** The PGP public chain has announced the completion of a strategic upgrade, officially using PGA as the full-chain GAS. The decentralized token launch engine PGA.FUN developed based on the PGP protocol will soon be open. As a dual part of the PGP ecosystem and PGA.FUN.

On Friday, the price of Bitcoin remained around $90,000, supported by short positions covering and bargain buying. Market maker Flowdesk stated that these factors helped alleviate recent dumping pressure, leading to a more stable market performance. Meanwhile, traders are widely betting that the Fed may cut interest rates in December, a sentiment that is affecting multiple asset classes, including Crypto Assets. Ethereum is slightly above $3000, showing some buying interest returning. However, compared to Bitcoin, Ethereum has experienced greater selling pressure over the past month. Prediction platform Polymarket shows that traders believe there is a 74% probability that Bitcoin will maintain a weekly high of $92,000 by the end of November, while the probability of breaking above $96,000 is in the single digits. The continued outflow of ETFs still poses resistance to price increases, and traders expect that once Bitcoin rebounds to around $95,000, supply pressure may increase again.

Gate News Bot news, on November 28, according to CoinMarketCap data, as of the time of writing, ORCA (Orca) is currently priced at $1.27, down 29.40% in the last 24 hours, with a high of $2.12 and a low of $1.02. The 24-hour volume reached $390 million. The current market capitalization is approximately $76.2 million, a decrease of about $31.71 million compared to yesterday. Important recent news about ORCA: 1️⃣ **Solana Policy Research Institute Proposes Framework for Security Tokenization** The Solana Policy Research Institute, in collaboration with Orca and Superstate, has proposed a framework supported by the SEC aimed at bringing Wall Street stocks onto the blockchain. This initiative is expected to attract more institutional investors to Orca, expanding its influence in the DeFi space. In the long run,

Matrixport's analysis points out that Bitcoin is facing a rare phase, with position, market sentiment, and macro policies intertwining. Implied volatility has significantly declined, with prices still below key levels, and on-chain indicators are also being tested. Expectations for a Fed rate cut have surged, and history shows that traders often misjudge trends, with seasonal patterns contradicting the direction of trend structures.

Hengfeng International Group and its chairman Qian Fenglei expressed concerns about the fire accident at the Tai Po Hongfu Garden, donating 12 million HKD for emergency relief and reconstruction. Qian Fenglei emphasized the support from all sectors of society and corporate responsibility, stating that they will continue to contribute efforts in the future, follow the progress of the disaster situation, and ensure the effective use of the donations.

Foresight News reported that, according to China News Weekly, court documents show that Qian Zhimin purchased a total of 194,951 Bitcoins, which is higher than the 61,000 coins identified by the police, but the court did not disclose the situation regarding the remaining over 120,000 Bitcoins. In an interview with British media, Detective Joe Ryan from the London Metropolitan Police revealed that Qian Zhimin claimed that the "password" for a Wallet containing 20,000 Bitcoins was "lost." Based on the latest exchange market price, these "lost" Bitcoins are valued at approximately 12.5 billion.

Odaily News 10x Research pointed out that most investors currently still view the market as a "price game," but the underlying structural changes of Web3 are profoundly reshaping asset pricing logic. The report states that the emerging Layer1 ecosystem is for the first time presenting a quantifiable relationship between "user activity and long-term value," while deflationary mechanisms and ongoing ecological incentives are also redefining the yield structure of encryption assets. 10x Research believes that the market may be transitioning from a purely speculative cycle to a stage driven by fundamentals and network growth, proposing two potential yield paths: a 35% rise potential or a 79% rise potential, depending on how investors choose to position themselves. The team stated that this could be "one of the most undervalued structural opportunities in the current cycle."

According to a report by Jinse Finance, the Yunfeng Financial Group supported by Jack Ma and its subsidiary Wantong Insurance announced an emergency donation of 10 million Hong Kong dollars for key rescue efforts, including medical treatment for affected residents, emergency resettlement, and living subsidies during the transition period.

The volatility indicators of Bitcoin and the S&P 500 index are synchronously declining. Against the backdrop of soaring expectations for a Fed rate cut in December, market panic sentiment is rapidly cooling, and we may see a cross-asset coordinated pump before the end of the year. The Volmex 30-day Bitcoin Implied Volatility Index (BVIV) based on options has retreated from nearly 65% last week to an annualized 51%, following a spike in the index coinciding with Bitcoin's sharp drop from $96,000 to $80,000. Deribit's DVOL has shown a similar trend, reflecting a significant cooling of volatility.

Gate News Bot message, on November 28, according to CoinMarketCap data, as of the time of writing, SQD (Subsquid) is currently priced at $0.10, with a rise of 61.00% in the last 24 hours, reaching a high of $0.11 and a low of $0.05. The current market capitalization is approximately $924,000, which is an increase of $350,000 compared to yesterday. Recent important news about SQD: 1️⃣ **Secured multi-million dollar funding to accelerate AI agent market deployment** SQD successfully raised millions of dollars in funding aimed at promoting its development in the rapidly growing AI agent market. This funding will be used to expand SQD's influence in the AI field, with the potential to drive technological innovation and market expansion, providing strong momentum for its value rise. 2️⃣ **Acquired by Rezolve AI, empowering enterprise-level We