According to BlockBeats news, on November 25, a cryptocurrency airdrop player continuously submitted failed transactions on the blockchain, ultimately burning all their MON airdrop token rewards worth over $112,000, spending it all on the Gas fees for the failed transactions. The wallet address "0x7f4" was originally allocated approximately $112,700 worth of Monad (MON) tokens for participating in the Monad ecosystem. However, due to submitting hundreds of failed on-chain transactions in subsequent operations, all transactions, even if failed, would deduct Gas, leading to the complete depletion of the airdrop rewards. On-chain signs indicate that the wallet owner may have used a script to send a large number of transactions in a short time without realizing that the initial few had already failed, resulting in all subsequent transactions failing and Gas continuously burning. Therefore, before making large transfers, one should conduct small test transactions.

BlockBeats reported that on November 25, according to CryptoQuant data, the Sharpe ratio of Bitcoin has fallen below 0, reaching its lowest level since the FTX collapse. Additionally, there have been several instances in the chart where the Sharpe ratio dropped to zero or close to zero (in 2019, 2020, and 2022), usually coinciding with the bottoms or significant flips in Bitcoin prices. The Sharpe ratio is a measure of the relationship between investment return and risk, and a Sharpe ratio close to zero usually indicates high price fluctuation but insufficient returns to compensate for the risk, often occurring at market bottoms or during capitulation phases.

Reuters columnists analyze that if excessive optimism about artificial intelligence triggers severe market fluctuations, it may lead to a big dump in asset prices, thereby forcing the Fed to cut interest rates. Although market sentiment has worsened, we are still far from a crisis, and the Fed may take action in advance as the real economy's dependence on Wall Street wealth deepens.

In pre-market trading on Tuesday, Nvidia's stock price fell by 3.2%, following reports that Meta is in talks to use Google's AI chips. Boosted by this news, Alphabet's stock price rose by 2.1%, as investors digest the potential shift in the AI hardware landscape. The Information reported on Monday that Meta is considering deploying Google's Tensor Processing Units (TPUs) in its data centers before 2027. The social media giant may rent TPUs from Google Cloud as early as next year.

JPMorgan analysts released a report last week stating that MicroStrategy (formerly MicroStrategy) may be removed from major stock indices. The core of this warning is that the Bitcoin held by MicroStrategy currently accounts for over 50% of the company's total assets. The analysts specifically pointed out that the MSCI US Index is reviewing whether companies holding large amounts of Digital Money should remain in traditional stock indices. MicroStrategy holds over 649,000 Bitcoins, making it the largest holder of Bitcoin among companies.

After the United States and Ukraine reached a preliminary Consensus on the "19-point peace plan," the Russian military immediately launched an attack on Kyiv, aiming to compress the negotiation space. This strike mainly targeted the city's energy and civilian infrastructure, making the prospects for peace once again bleak. Analysts believe that the escalation of the Russia-Ukraine situation may lead to global risk aversion, affecting the crypto market.

PANews November 25 news, crypto assets analyst James Wynn stated on social media that Bitcoin could reach $67,000 this weekend or earlier. He believes there is strong support and buying pressure in this price range, and the probability aligns well with market trends. However, he emphasized that this is just a probability-based prediction, and there is still uncertainty in the market. According to previous news, data: Huang Licheng was liquidated 71 times in Hyperliquid in November, followed closely by James Wynn and Andrew Tate with 26 and 19 times respectively.

Gate News Bot Message, on November 25, according to CoinMarketCap data, as of the time of writing, KAS (Kaspa) is currently priced at $0.05, rising 23.65% within 24 hours, with a high of $0.05 and a low of $0.04. The current market capitalization is approximately $1.356 billion, an increase of about $259 million from yesterday. KAS currently ranks 53rd in the global Crypto Assets market capitalization. Important news about KAS recently: 1️⃣ **KAS price breaks key resistance level** Kaspa (KAS) has recently shown a strong rise in price, successfully breaking through the key resistance level of $0.05. This breakthrough signifies an increase in market confidence in KAS, which may attract more investors' attention. 2️⃣ **market capitalization ranking continues to rise** KAS is globally increasing

BlockBeats news, on November 25th, at 9:30 PM Beijing time on Tuesday, the U.S. Census Bureau will release the U.S. retail sales data, known as the "terrifying data," which has been delayed by more than a month due to the government shutdown. It is expected to show that consumer spending slightly slowed down in September. This may indicate that American households have reached their spending limit after months of inflation shocks. Additionally, there remains a risk of cooling consumer spending as many employers have reduced hiring. According to the median forecast from a Bloomberg survey, economists expect retail sales in September to rise by 0.4%, compared to a 0.6% increase in the previous month. Bloomberg economists stated that the labor market situation has slightly improved after hitting a low point in the summer. However, the partial federal government shutdown in October has brought new shocks to hiring and consumer spending. "Overall, we believe the Fed can...

Morgan Stanley analysts point out that if the Fed continues to cut interest rates, the yen against the dollar may appreciate by nearly 10% in the coming months. The current USD/JPY is detached from fair value, and it is expected to fall to 140 by the first quarter of 2026, but will rebound to around 147 by the end of the year.

BlockBeats news, on November 25, "Fed mouthpiece" Nick Timiraos posted on social media that the next Fed meeting can likely be summarized by "WWJD" (What Will Jerome Decide), indicating that the final decision-making power is more firmly in Powell's hands than ever before. Allies have paved the way for Powell, and if he is willing, he can push for a rate cut—then signal that further cuts are unlikely under the current circumstances.

The European Central Bank report indicates that stablecoins may pose risks to financial stability, especially when investors lose confidence in their redemption capabilities. Tether and Circle, as the largest holders of U.S. Treasury bonds, may trigger a bank run that could lead to the dumping of reserve assets, impacting the $25 trillion U.S. Treasury bond market. Despite pressure on the banking industry, the U.S. continues to support the stablecoin industry, with related regulations like the GENIUS Act aimed at reducing risks.

According to Jincai Financial, UBS's trading department believes that the decline in the U.S. stock market may have come to an end, laying the foundation for a year-end rebound. Last week, the stock market experienced a big dump as investors wavered in their expectations for the Fed to further ease policies and withdrew from crowded AI trades. The S&P 500 index and the Nasdaq 100 index fell about 4% and 7%, respectively, from the record highs set in late October, with both dropping to the 100-day moving average. However, as the benchmark index found support at this key technical level, systematic fund dumping has basically calmed down, and market expectations for a rate cut by the Fed next month seem to be back on track. UBS believes there is still room for the stock market to rise. Michael Romano, head of equity derivation at UBS Securities' hedge fund sales, wrote in a report released on Sunday, "We believe the current risk-averse phase has come to an end."

Odaily News Citibank analyst Alex Saunders pointed out that $80,000 is a key level for Bitcoin ETF holders, and stated that regulatory breakthroughs next year may restore demand. Therefore, the bank maintains its target price for Bitcoin over the next 12 months at $181,000. Alex Saunders mentioned that interest has not disappeared, but long-term holders are taking a cautious approach, while newcomers believe there is not much reason to get involved when Bitcoin is trading below key technical levels. (CoinDesk)

Odaily News Strategy founder and Executive Chairman Michael Saylor posted on the X platform "Probably Nothing," possibly implying that he did not increase his Bitcoin holdings over the weekend.

Odaily News The Federal Reserve Board of Governors Waller stated that the employment data for September may be revised downwards, and the appearance of the data is not a good sign. Inflation has risen, but I believe it will begin to decline. (Jin10)

Wall Street analysts warn that Bitcoin may experience a big dump of 40% to $50,000 in 2026, with prices expected to fall 60% from historical highs, due to market fluctuations and investor risk aversion stemming from changes in gold and oil prices.

The cryptocurrency asset tax system originally scheduled to be implemented in South Korea in 2027 may face a fourth delay due to the inadequacy of its core system. Industry insiders are calling for a prompt clarification of the tax subjects and methods to maintain trust in the system. The number of users on domestic virtual asset exchanges has reached 10.77 million.

The electronic securities law and capital markets law amendments in South Korea have passed review, promoting the institutionalization of Security Token Offerings (STO), with the market expected to open in the first half of next year. These amendments will incorporate Blockchain into the electronic registration system and provide a regulatory foundation for asset tokenization and circulation.

The European Central Bank released a preview of its financial stability review, predicting that the market capitalization of stablecoins will exceed $280 billion by 2025, with USDT and USDC accounting for nearly 90%. The report warns that the widespread use of stablecoins may weaken banks' funding sources and highlights the need for cross-border risk and global regulatory coordination.

According to a report by Jinse Finance, Paolo Zanghieri, a senior economist at Generali Investments, stated that he and his team believe the market is reflecting a rate cut that exceeds what the Fed may actually implement. "We believe the probability of a rate cut next month is 50%. Given the limited new data, it is reasonable for the Fed to wait until January of next year to cut rates while signaling a tendency towards easing. More importantly, based on hopes for a rapid decline in inflation, the market expects nearly four rate cuts next year, which seems overly optimistic. We expect only a 50 basis point cut by summer."

BlockBeats news, on November 24, QCP published a daily analysis indicating that after experiencing a pullback of about 30%, BTC has shown initial signs of a Rebound. The Fed's dovish remarks have raised expectations for a rate cut in December to 75%, and market Liquidity may be shifting. Derivation data shows that investors have not abandoned bullish bets, with the open interest of call options at the end of the year still higher than that of put options, concentrated in the 85K to 200K range. At the same time, the negative funding rate suggests that long positions have been cleaned out, and short-term downside risks have decreased. The market trend in the coming days may depend on U.S. retail data, core PCE, and ETF fund flow performance.

After a slight Rebound over the weekend, the price of Bitcoin held at the $86,000 mark on Monday. Previously, the price of Bitcoin had fallen sharply last week, dropping to a several-week low. The overall performance of the Crypto Assets industry was slightly better, rising by about 1% in the past 24 hours. This trend indicates a cautious shift in market sentiment after several days of dumping and large-scale liquidations. Mainstream coins such as Ethereum, XRP, Solana, and Dogecoin have also seen a slight rise this week. These Crypto Assets are currently above key support levels, indicating that the recent Rebound momentum may continue. However, analysts warn that market sentiment remains weak, and once market momentum begins to wane, it can be easily impacted.

According to a report by Bloomberg, the European Central Bank pointed out in the pre-release version of its financial stability assessment report on Monday: "Stablecoins are rising rapidly and may be widely used in new application scenarios, which could pose risks to financial stability in the future." The report will be officially released on Wednesday. One risk mentioned in the report is that if stablecoins are widely adopted, households may replace some of their bank deposits with stablecoins—"this would reduce a key source of funding for banks and make their overall funding more volatile," said the European Central Bank.

According to BlockBeats news on November 24, data from DefiLlama shows that the total market capitalization of stablecoins continues to decline, decreasing by 0.33% over the past week, currently reported at 302.837 billion USD. This figure has dropped more than 6 billion USD from the previous peak of 309 billion USD, marking the largest single-month fall since the Luna crash in May 2022.

BlockBeats news, on November 24, wealth management company Swissblock stated that current risk aversion signals have sharply declined, and selling pressure has eased, indicating that the worst of the dumping phase may be temporarily over. If risk aversion sentiment is used as a bottom warning indicator, the coming week will be crucial. Investors need to see the selling pressure continue to weaken. Generally, the second wave of dumping (with less intensity than the first wave and prices maintaining at previous lows) will become one of the most reliable bottom signals. The second wave usually marks the exhaustion of sellers, with control returning to long positions.

The Economist pointed out that Crypto Assets have transformed from being "objects of ridicule" to a "widely accepted and even encouraged" asset class, but the big dump in Bitcoin prices indicates that the industry is rapidly declining. "The lack of new bullish narratives to support further rises in the price of a speculative asset—one that generates no income and relies entirely on future capital gain expectations—poses a significant challenge." The article also noted that the increasingly close ties between Crypto Assets and the TradFi sector could trigger a broader economic recession—if stablecoins face dumping, it could shake the bond market or lead to a fall in tech stocks.

Odaily News Market News: Thai crypto assets exchange Bitkub is considering an initial public offering in Hong Kong. Bitkub may launch its IPO in Hong Kong as early as next year to raise approximately $200 million. (Jin10)

According to ChainCatcher news reported by Theblock, Jack Mallers, CEO of the crypto payment company Strike, stated that JPMorgan closed his account without warning, citing concerning activities associated with it. Reports indicate that Mallers' experience has raised questions in the market about whether the so-called "Biden-era 'choke point 2'" is still being implemented. This once again highlights the de-banking issues faced by the crypto assets industry, as restrictions imposed by financial institutions on crypto-related businesses may still continue.

According to a report by Jinse Finance, a research report from China International Capital Corporation indicates that, unlike the past three years, the current rise in precious metals is primarily driven by the cyclical demand for gold, while the price increase of silver has surpassed that of gold. Looking ahead to 2026, the firm believes that cyclical demand and structural trends are expected to continue driving the upward trend in gold and silver prices. In the benchmark scenario, the firm estimates that the COMEX gold price will rise to $4,500 per ounce by 2026, and the silver price will rise to $55 per ounce, indicating further upward potential compared to the current trend. The firm believes that the cyclical investment demand for precious metals has not yet reached its peak, as the U.S. monetary policy may shift to easing in the short term, and the long-term risk of inflation expectations becoming unanchored may persist. On the other hand, under the new macro order, the unique allocation value of physical gold and the strategic resource attributes of silver will become increasingly prominent, providing structural support for global central banks to buy gold, private physical investments, and regional stockpiling.

SoSoValue data shows that last week, the trading volume of 11 spot Bitcoin ETFs listed in the United States reached a historic high, with a total trading amount exceeding $40.32 billion, which may indicate a wave of dumping by institutional investors. Among them, BlackRock's IBIT led with a trading volume of $27.79 billion, accounting for nearly 70% of the total trading volume. On just last Friday, the trading volume of these funds exceeded $11.01 billion, with BlackRock's IBIT contributing $8 billion. The record trading activity was accompanied by a sharp drop in Bitcoin prices and large-scale redemptions, indicating that institutional investors are rushing to sell.

BlockBeats news, on November 24, the New York Stock Exchange (NYSE Arca) has approved the listing of Franklin Templeton's XRP Spot ETF, with the trading code XRPZ and an annual fee rate of 0.19%. Franklin plans to waive fees on the first $5 billion of assets, with the free period lasting until May 31, 2026. Previously reported, the New York Stock Exchange (NYSE Arca) has approved the listing of Grayscale's DOGE and XRP Spot ETFs, which will officially start trading this Monday. The trading code for Grayscale's DOGE Spot ETF is GDOG, and the trading code for Grayscale's XRP Spot ETF is GXRP. Grayscale's Chainlink (LINK) ETF is also set to launch in about a week.

Bitwise CEO Hunter Horsley stated that due to factors such as insufficient Liquidity, most digital asset financial companies will trade at a discount, and only outstanding companies will trade at a premium. Most DATs will transform into operational companies and may acquire private small encryption companies, while digital asset management companies are still in the early stages of development.

Bitcoin has recently rebounded, with a current trading price of approximately $87,645. Analysts point out that there is insufficient market liquidity, and in the short term, Bitcoin may remain in the range of 85,000 to 90,000. If it can stabilize above 88,000, it is expected to confirm a bottom; otherwise, it faces the risk of falling to 80,000. The overall crypto market has risen by 1% in the past 24 hours.

According to Bloomberg, Bitcoin started the week lower after experiencing a prolonged dumping, making it likely to record its worst monthly performance since 2022. After a rebound over the weekend, Bitcoin fell 2.3% in early trading on Monday, briefly dipping below $86,000, before narrowing its losses. As of 10:24 AM Singapore time, Bitcoin was trading at $87,986. Despite the Bitcoin price being well above last Friday's low of $80,553, traders do not believe it is worth celebrating. Although institutional investors' acceptance of cryptocurrencies has surged, and U.S. President Trump has strongly supported the cryptocurrency industry and pushed for a series of policy initiatives, the entire cryptocurrency market remains in a noticeable slump.

Gate News Bot news, on November 24, according to CoinMarketCap, as of the time of this report, WLFI (World Liberty Financial) is currently priced at 0.16 USD, having risen 6.37% in the last 24 hours, with a high of 0.17 USD and a low of 0.12 USD. The 24-hour volume reached 231 million USD. The current market capitalization is approximately 3.901 billion USD, an increase of 234 million USD compared to yesterday. WLFI recent important news: 1️⃣ **Changes in WLFI Reserve Company's Executive Team Raise Regulatory Concerns** The CEO and Chief Revenue Officer of WLFI Reserve Company ALT5 Sigma have been placed on leave, and the company's board of directors is investigating "certain matters related to the company." There is a significant discrepancy in the timing of the disclosure regarding this executive change, which may violate

Gate News Bot news, on November 24, according to CoinMarketCap data, MAV (Maverick Protocol) is currently priced at 0.03 USD, falling 24.52% 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 228,000 USD, a decrease of 7,415,200 USD from yesterday. Important news about MAV recently: 1️⃣ **Market popularity ranking has significantly increased** Maverick Protocol (MAV) has surged to the 3rd position in the cryptocurrency market popularity rankings on November 23, indicating a significant increase in investor interest in the project. This increase in attention may be one of the important factors driving MAV price fluctuations. 2️⃣ **Price Fluctuation**

PANews, November 24, reported by Jin10, Barclays Research points out that there remains uncertainty regarding the Fed's interest rate decision next month, but Chairman Powell is likely to push the FOMC to make a rate cut decision. Based on recent speeches, Barclays believes that governors Mulan, Bowman, and Waller may support a rate cut, while regional Fed presidents Musalem and Schmidt tend to favor keeping interest rates unchanged. Governors Barr and Jefferson, as well as Goolsbee and Collins, have shown that their stance is still unclear but leans more towards maintaining the status quo. Governors Cook and Williams rely on data but seem to support a rate cut more. Barclays stated: "This means that before considering Powell's position, there may be six voters inclined to keep interest rates unchanged and five inclined to cut rates." The bank added that Powell will ultimately dominate this decision, as the threshold for governors to publicly oppose his stance is very high.

CITIC Securities pointed out that the decline of the US stock market on November 20 was mainly driven by macro factors rather than a collapse of the AI bubble. Profit-taking and the Fed's hawkish statements triggered a pullback, and the market may focus on Trump's nomination of a new Fed chairman in the future. At the same time, the fundamentals of the AI zone are solid, and the possibility of a bubble burst in the short term is low.

Ethereum founder Vitalik Buterin predicts that the feature showing the country of an account will have positive effects in the short term, but it may be spoofed by players in the medium term. Regarding user privacy, he believes it is inappropriate to display country information without consent and calls for the protection of user privacy.

Golden Finance reports that NYDIG's Greg Cipolaro stated that the fall in Bitcoin prices is driven by market structural mechanisms rather than being dominated by emotions, and the key sources of demand are reversing. Spot Bitcoin ETFs continue to see capital outflows (with $3.55 billion flowing out in November), while the supply of stablecoins is decreasing, indicating that capital is leaving the market. Cipolaro warned that the market may experience higher volatility in the short term, but he still maintains a long-term bullish outlook and advises investors to be prepared for fluctuations.

Golden Finance reported that White House economic advisor Hassett: The new leadership of the Fed may be expected to cut interest rates, and Trump may interview Fed candidates in the coming months. We may determine the Fed chair candidate around the New Year.

BlockBeats news, on November 23, U.S. Treasury Secretary Basent stated that the entire economy is not facing a recession risk. Some prices are expected to decline within weeks, while others may take months. (Jin10)

As the trend of tokenization of real-world assets increases, RedStone co-founder and Oracle provider warns that the difference between traditional markets being closed over the weekend and the crypto market continuing to trade may pose significant risks, necessitating a more robust Oracle architecture to address price misalignment issues.

CITIC Securities research report points out that the volatility of global risk assets stems from liquidity issues and dependence on AI narratives. Changes in Fed interest rate cut expectations have triggered asset valuation corrections, and market anxiety over the sustainability of AI infrastructure has intensified. Under the influx of stable funds, the A-share market may experience a "sharp fall and slow rise," providing opportunities for investors to position themselves.

Macroeconomist Lyn Alden stated that Bitcoin and the entire crypto market are unlikely to experience a significant crash, as the current market has not yet reached a state of frenzy. Furthermore, she believes that this cycle may last longer, driven mainly by macroeconomic factors and people's interest, rather than Halving.

ChainCatcher news, Bloomberg Intelligence's latest report points out that the recent fall of Bitcoin has broken through an important support level, seemingly indicating a weak performance for risk assets by the end of the year. This indicator currently shows a reverse relationship with the volatility of the S&P 500 index. However, there may be momentum growth in 2026, as the current market downturn may have bottomed out. With the adjustment of positions on Wall Street coming to an end, there will be significant room for a pump ahead.

Odaily News According to the New York Times, companies such as JPMorgan, Citigroup, and Morgan Stanley have been notified by SitusaMC that their customer data may have been compromised.

Bitwise Chief Investment Officer Matt Hougan analyzed that the upcoming Fusaka upgrade of Ethereum will significantly enhance the token's value capture ability and introduce minimum fees for Layer 2, which could be an important factor for Ethereum to lead the market Rebound.

Bitwise consultant Jeff Park pointed out that the recent market dumping demonstrates "strike price stickiness," reflecting a concentrated view among market participants at specific price points rather than mechanical hedging. This could mean that the market will rebound quickly or that volatility will remain high.