Odaily Planet Daily reports that Gate founder and CEO Dr. Han was invited to appear as a guest on the mainstream financial media CNBC’s live TV interview program, where he provided an in-depth analysis of recent Bitcoin volatility and the overall market correction. As a guest on the show, Dr. Han focused on the current macro changes in Bitcoin’s environment, emphasizing the multiple factors currently affecting digital asset prices. During the interview, Dr. Han started from on-chain data and market trends, analyzing Bitcoin’s resilience, the key drivers behind recent volatility, and the market signals that deserve close attention in the current financial environment. He pointed out that despite short-term pressure, the industry’s long-term outlook remains solid as structural trends such as increased institutional participation, the gradual formation of a global regulatory framework, and the repricing of risk cycles continue to strengthen. Dr. Han’s appearance on CNBC not only demonstrates Gate’s continuously rising influence in the industry, but also

The ADP report shows that U.S. employment growth stalled in the second half of 2025, with private sector employment decreasing by 32,000 in November. Hiring was particularly weak in industries such as manufacturing and construction, with poor overall performance.

Amidst the complex and overwhelming market information, what truly matters? "Gate Web3 News Highlights" aims to distill the essentials for you. We curate key global crypto market news daily, helping you quickly grasp core trends, save time, and gain early insights. 1. Jupiter Releases HumidiFi Token WET ICO Details According to official sources, dark pool DEX HumidiFi has announced it will launch its ICO on Jupiter on December 3, using a first-come, first-served method. The sale is arranged as follows: Phase 1 is for the Wetlist (HumidiFi users and community), with an allocation of 60 million WET (6% of total supply), priced at 0.5 USDC per token (corresponding to a FDV of $50 million), running from December 3, 10:00–22:00 (EST). Phase 2 is for JUP stakers, with an allocation of 20 million WET (2% of total supply), priced at 0.50 USDC per token (corresponding to a FDV of $50 million), running from December 3, 22:00 to December 4, 10:00 (EST). Eligibility is based on time-weighted J staking since July this year.

In 2025, due to tightening global liquidity, increasing financial stress, and capital outflows, investors have increasingly favored safe-haven assets such as gold, while Bitcoin has come under relative pressure. Spot gold continues to strengthen, currently finding support near $4,000 and is expected to move toward the $4,500 resistance zone. In contrast, Bitcoin has pulled back after reaching an all-time high in October and, constrained by tight financing and market leverage pressures, is currently seeking a rebound at the key $80,000 support level. Macroeconomic factors have led to a clear divergence between the two: the overnight financing rate (SOFR) is near 4.0%, the Treasury General Account (TGA) remains elevated, global liquidity is restricted, and systemic financial stress is rising. Demand for risk assets has weakened, while demand for safe-haven assets has rebounded, pushing gold prices higher. At the same time, financial market volatility and the unwinding of arbitrage trades have exacerbated short-term pressure on Bitcoin.

Franklin Templeton's Solana ETF has received official approval from the New York Stock Exchange Arca (NYSE Arca) and is about to enter the trading phase. This means the fund will soon become one of the newest Solana (SOL) spot ETFs on the US market, competing with six existing SOL funds for the attention of institutional and retail investors. According to the latest filing submitted to the US Securities and Exchange Commission (SEC), NYSE Arca has approved the ETF's listing application, which is the final key step before the product begins trading. Franklin Templeton had previously submitted its final regulatory documents, which typically means the fund can be launched on the market within a few days. Notably, the company recently successfully launched an XRP ETF, and the advancement of this SOL ETF is seen as an important move in its proactive strategy to expand into crypto assets.

Bitcoin (BTC) rebounded after five consecutive weeks of decline, but its upward momentum remains weak, with key levels still needing to be broken before a true reversal can occur. Although BTC regained a critical price point in the past 24 hours, institutional demand and on-chain activity remain sluggish, leaving this week’s market conditions fragile. The biggest risk currently comes from insufficient demand. According to Farside data, spot Bitcoin ETFs saw only $8.5 million in inflows on Monday, but experienced outflows as high as $61.6 million. This means the price recovery of Bitcoin has not been supported by actual institutional funds. ETFs are typically seen as a barometer of institutional sentiment, and the recent continued net outflows reflect a still-cautious market. However, this trend has started to reverse: on Tuesday, Bitcoin ETFs saw a net inflow of $58.5 million, while Ethereum ETFs experienced a net outflow of $9.9 million.

American entrepreneur and investor Kevin O’Leary recently stated that the potential Fed rate cut in December would have a negligible impact on Bitcoin prices. He believes that persistent inflation may prompt monetary policy to remain tight, and expects Bitcoin prices to fluctuate around the current level by about 5%. O’Leary pointed out that his investment strategy does not rely on the assumption of Fed rate cuts, so he does not consider rate cuts to be a price driver. Although data from the Chicago Mercantile Exchange (CME) shows an 88.1% probability of a rate cut in December, O’Leary believes that inflationary pressure is the key reason for the Fed to maintain rates. The annual inflation rate in the US rose to 3% in September, pushing policy toward tightening. He emphasized that the Fed faces a dual mandate of balancing full employment and controlling inflation, and that recent increases in tariffs and input costs have also heightened the necessity of maintaining rates.

Litecoin (LTC) surged 10% today, making it one of the best-performing major cryptocurrencies in the market. One of the key factors driving the rally is the official launch of Vanguard’s LTCC spot ETF channel this morning, which provides traditional finance users with more convenient access to Litecoin exposure and has significantly boosted market sentiment. From a price structure perspective, LTC is currently moving within an increasingly tight symmetrical triangle. It has recently found strong support and rebounded near $77.51, and at the time of writing, remains stable at around $82.94. The pattern is approaching its apex, indicating a potential breakout may be imminent. Each time the price tests the lower boundary it quickly rebounds, showing that buying momentum is strengthening.

Odaily News DAT provides investors with exposure to underlying digital assets by packaging crypto assets in securities regulated by the SEC, aiming to outperform the performance of the underlying assets through a strategy that maximizes returns. A key metric for measuring the performance of DATs is the market net asset value (mNAV), which compares the company's enterprise value to its digital asset holdings. Investment bank Macquarie points out that the viability of DAT is closely related to the equity premium relative to net asset value. If this premium erodes or turns into a discount, the model will face significant challenges. When the crypto market experiences a pullback, mNAV may fall below 1, indicating that the company's trading price is below the value of its crypto asset holdings, which may force DATs to sell some tokens to obtain liquidity. Sussex University finance professor Carol A

ChainCatcher message, at the "Integration, Rise, and New Cycle" themed forum recently held by RootData in Dubai, USDD Communications Director Yvonne Chia delivered a speech on the topic "Is a yield-generating stablecoin truly possible," systematically elaborating on the realization path of yield-generating stablecoins. In the speech, it was pointed out that traditional stablecoins have long faced the contradiction of "cannot achieve both returns and stability." USDD makes it possible for stablecoins to be both stable and profitable by constructing four pillars: stable sources of income, expanding application scenarios, flexible infrastructure, and full-chain transparency. Among them, sUSDD supports a dual-layer income mechanism of "holding income + liquidity provision," and will integrate with diverse scenarios such as lending in the future, continuously expanding the boundaries of income. At the infrastructure level, USDD has completed the protocol upgrade from 1.0 to 2.0, enabling users to access through C

According to ChainCatcher, Jin10 reported that the OECD expects the Fed to "gradually" lower the key Interest Rate to between 3.25% and 3.5% by the end of 2026.

Odaily News Gold prices fell on Tuesday from a more than six-month high, with Spot gold losing the $4200 per ounce mark during the day. This was partly due to the rise in U.S. Treasury yields and profit-taking that weighed on prices, while investors awaited U.S. economic data to assess the Fed's policy path. The Benchmark 10-year U.S. Treasury yield remained near a two-week high, diminishing the appeal of non-yielding assets like gold. KCM Trade chief market analyst Tim Water noted: "Gold has performed weakly today, but the fundamentals remain unchanged— including the expected Fed rate cuts, which should support gold prices from a yield perspective." Market sentiment is cautious, with expectations that the core PCE price index, a favored inflation indicator by the Fed, will remain moderate when released on Friday. Additionally, key U.S. data this week includes the November ADP employment report on Wednesday. (Jin10)

Solana (SOL) has accumulated a fall of about 57% since reaching its historical high of 295.83 USD at the beginning of the year, and is currently hovering within a long-term support zone around 120 USD. If it breaks this key support, SOL may face deeper dumping pressure, with the next major support level around 71 USD, indicating a potential further fall of 40%. The technical indicators show that SOL has strong bearish momentum. The weekly RSI has formed a bearish divergence and has fallen below 50, while the MACD is also in negative territory, indicating that the bearish forces are dominant. The price of SOL has been constrained within the range of 120-250 USD for a long time, and if this range is broken, it will trigger a clear trend reversal to bearish. The daily chart shows that SOL is under pressure below the descending resistance trend line, lacking rebound signals in the short term.

The price of Cardano (ADA) is currently retracing to retest the multi-year trendline support that has been in place since 2020, hovering around $0.41. Over the past week, on-chain data shows that long-term holders have sold over 114.66 million ADA, with the "spent token age" metric rising by 23%, indicating that older coins are accelerating their movement, which typically represents seasoned investors choosing to exit. This is the first time in over four years that ADA has touched this key trend line. Historically, this support often becomes a significant reversal point, but this test is occurring against a backdrop of overall market weakness and declining volume. The volume distribution shows that the price is approaching the strong liquidity area around $0.30, which means that if the current support is lost, the likelihood of a drop towards a lower range increases.

DOGE recently tested a key support level for 2024, while large volume fell to a 60-day low. According to crypto assets analyst Ali Martinez, the trading volume of DOGE whales has plummeted from a recent peak of 38 transactions to just 4, coinciding with signs of a short-term rise in DOGE, raising questions in the market about the sustainability of the pump. The technical indicators show that the trading price of DOGE is below the 200-day moving average, close to the support level tested twice this year. The Relative Strength Index (RSI) has remained negative since the end of the pump from June to September, indicating a weakening market momentum. Despite a recent price rebound, the trading activity of whale holders has significantly decreased, suggesting an increase in market wait-and-see sentiment.

This week, the payment-focused Crypto Asset XRP fell more than 6%, touching the key support level of $2, which has become a short positions fatigue zone since December of last year. If this support is broken, investors may accelerate dumping, leading to further price dips. Currently, the price still holds the support, and to turn bullish, it needs to break the descending trend line since July (around $2.50). Bitcoin is also under pressure, currently hovering near three key support levels: the continuously rising trend line from 2023 to 2024, the 100-week SMA, and the 38.2% Fibonacci retracement level from the bear market low at the end of 2022 to the recent historical high of $126,000. If these supports are broken, attention will turn to the low point close to $74,500 in April and about $70,000 below the peak of the 2021 bull market. If bulls want to maintain confidence in the bull market, they need to reclaim the 50-week moving average (approximately $102,252).

Golden Finance reported that the Sveriges Riksbank has published a report on stablecoins, exploring their benefits and risks. The report also analyzes how central banks around the world are formulating policies for stablecoin issuers, revealing that despite differing regulatory frameworks, there is a practical convergence in policy between the United States and Europe. The analysis by the Central Bank of Sweden identified three key areas of central bank policy: whether issuers can access the central bank settlement system, whether they can use central bank reserves as backing assets, and whether they can access the central bank's standing facilities and liquidity support. Regulatory agencies in the United States and Europe have created legal frameworks that technically allow the use of Central Bank reserves as supporting assets, while implementing restrictive measures to limit their use. In Europe, MiCA (Markets in Crypto-Assets Regulation) allows stablecoin reserves to include central bank currencies, although the European Central Bank (ECB) and other EU

BitMine announced that its total asset value has reached $12.1 billion, including 3,726,499 ETH, 192 BTC, and $882 million in cash without liabilities. The company's chairman, Thomas Lee, stated that they recently increased their holdings by 96,898 ETH and expect that the upcoming Fusaka upgrade and key measures from the Fed will have a positive impact on ETH prices.

Bloomberg Intelligence commodity strategist Mike McGlone predicts that Bitcoin may retrace to $50,000, and the Bitcoin-to-gold ratio could drop to 13 times, indicating increased market risk. His model currently shows that this ratio is around 20 times, with the key being the S&P 500 index volatility approaching its lowest point since 2017.

Crypto analyst Michaël van de Poppe pointed out that the fall of Bitcoin at the beginning of December is a normal adjustment in the market consolidation, rather than a trend weakness. This wave of decline is mainly influenced by algorithmic trading, lack of liquidity, and the testing of key resistance levels. Van de Poppe stated that the price fluctuations in early December are in line with historical patterns. With the automation trading systems resetting, short-term selling pressure has emerged, especially in the case of weak liquidity, where even moderate sell orders could trigger a price fall. The weakening market liquidity is related to the previous large-scale sell-off, during which many market makers reduced trading activities, resulting in the current market being more sensitive to selling pressure.

As of late November to early December, the trading price of Cardano (ADA) remained around $0.41, down over 85% from its peak in 2021. It closed at $0.42 on November 25, with a slight fluctuation in the range of $0.413 to $0.422 within 24 hours, rising about 1%. The spot trading volume exceeded $540 million, with an on-chain lock-up position valued at approximately $185 million, DEX trading volume around $1.8 million, and about 19,000 active addresses, indicating a stable user base but a lack of new demand. The data for derivatives is significantly different. According to Coinglass, the 24-hour trading volume for ADA futures reached approximately $670 million, while the spot volume was only about $76 million, with open interest at around $735 million. The substantial gap between derivatives and spot reflects that the market is primarily driven by high-leverage short-term trading, with long-term buyers yet to make a significant entry.

Odaily News In response to Arthur Hayes' doubts about USDT operations, former Citibank encryption research head Joseph stated on the X platform that @CryptoHayes' analysis missed several key points: 1. Disclosure of assets ≠ all corporate assets. USDT adopts a "matching principle" for disclosing reserves, but its undisclosed balance sheet includes equity investment income, mining operations, corporate reserves, and potential Bitcoin holdings, with remaining profits distributed to shareholders in the form of dividends. 2. Extremely high profit margins and equity value. Tether holds $120 billion in U.S. Treasury bonds (annualized 4% yield), with a projected annual net profit of about $10 billion from 2023 (with only 150 employees), making it arguably the world's most efficient money printer; equity valuation may reach $50-100 billion.

Sony Bank is accelerating the layout of its encryption payment system, planning to issue a stablecoin pegged to the US dollar as early as fiscal year 2026, aimed at serving Sony's vast global ecosystem of games, streaming, and anime. According to Nikkei News, this stablecoin will allow users to directly pay for subscriptions and digital content fees on PlayStation and related platforms without relying on credit cards, further dropping Sony's payment costs on credit card networks. In order to successfully launch the product into the US market, Sony Bank applied for a US banking license in October this year and plans to establish a US branch to be responsible for issuance and compliance matters, while collaborating with the US stablecoin infrastructure company Bastion. Over 30% of Sony's revenue comes from the US, making US consumers a key group for the early promotion of stablecoins. This plan also benefits from the recently passed GENIUS Act.

Gate News Bot news, December 1st, according to CoinMarketCap data, as of the time of writing, LIGHT (Bitlight) is currently priced at $1.15, with a rise of 18.52% in the last 24 hours, reaching a high of $1.33 and a low of $0.88, with a 24-hour volume of $36.4 million. The current market capitalization is approximately $49.3 million, an increase of $7.71 million compared to yesterday. Bitlight Labs is dedicated to promoting the potential of the Bitcoin Lightning Network ecosystem. As a member of the LNP/BP Association and a key contributor to the RGB protocol, Bitlight Labs is committed to pioneering native BitcoinFi by developing the native smart contract infrastructure for Bitcoin and the Lightning Network. The project is developing the RGB Lightning Network node RLN based on LDK to achieve Bitcoin.

This week's important economic events include speeches by Fed Chairman Powell, ADP employment data, unemployment claims, and the release of several key indicators such as the core PCE price index.

ChainCatcher news, according to Cointelegraph, the Bitcoin network difficulty is expected to rise from about 149.3 trillion to approximately 149.8 trillion during the next adjustment, meaning that Mining competition will further intensify. At the same time, the key indicator for measuring Miner profitability, hashprice, has fallen to near record lows—daily earnings of about $38.3 per PH/s, below the breakeven line for most miners. Industry analysts point out that this combination (rise in difficulty + low hashprice) will further compress the profit margins for miners; small miners or those with high electricity costs may be forced to shut down, and the industry may accelerate its reshuffling.

Odaily News Sahara AI team members stated on the X platform regarding the token fluctuation last night, emphasizing the following key points: 1. No team or investor unlocks Sahara, which will complete its TGE on June 26, 2025. The first unlock time for the team and investors is June 26, 2026, and currently, everything is fully locked. There are no spot unlocks or sales, and relevant information has been publicly disclosed. 2. The smart contracts are secure with no anomalies. The token contract is completely secure and managed by the Sahara Foundation. There are no hacker attacks, unauthorized operations, or any security incidents. 3. Business integration is underway. Sahara Labs is focusing on precise execution, having identified inefficient operations, and will reinvest resources into business lines with stronger growth potential. 4. Core growth areas remain strong. The team is

PANews, November 29, reports from Jin10 that Mario Götze, a key football player in the German World Cup, is 33 years old this year, an age when players typically start to consider life after their professional sports careers. However, Götze has been preparing for this for several years, having built a strong personal investment portfolio that will continue to grow after the end of his first career. About seven years ago, his first venture capital deal involved a startup that was spun off from Dortmund University. Götze's investment vehicle, Companion-M, focuses on early-stage startups in fields such as software, healthcare, cybersecurity, and biotechnology. Götze and a small advisory team typically evaluate around 100 potential deals each month and make one or two angel investments in companies entering the seed or pre-seed stage. Götze has stated that he is also open to investing in private credit and is considering adding one or two more investments before the end of the year.

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.

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.

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.

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.

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.

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.

PANews, November 28th news, the stablecoin trading and payment infrastructure platform OSL Group (863.HK) announced today that as Australia has recently shown a positive development trend in the digital asset products and services sector, the company will soon launch stablecoin payment services for wholesale customers in the region. This move is an important part of OSL Group's global compliance strategy expansion and marks a key progress in its payment business layout. In the future, the company will continue to steadily expand its payment business and create a compliant and efficient global digital asset payment solution.

Investment firm YZiLabs submitted a statement to the U.S. SEC, proposing to expand the board of directors of Nasdaq-listed company CEA Industries Inc. through shareholder consent, introducing new directors. YZiLabs believes that the poor performance of BNC's stock price is mainly due to inadequate strategic execution and communication, and points out issues such as delays in the submission of key documents, planning to improve corporate governance and restore shareholder confidence.

BlockBeats news, on November 27, according to Cointelegraph, BlackRock's Spot Bitcoin ETF IBIT holders have returned to profit as Bitcoin rebounds above $90,000, indicating that the sentiment of one of the key investor groups driving the market this year may be changing. Arkham data shows that the largest Spot Bitcoin fund, BlackRock's IBIT, has seen cumulative profits rise to $3.2 billion. Arkham stated: "BlackRock's IBIT and ETHA holders had nearly $40 billion in profit at their peak on October 7, while it fell to $630 million just four days ago. This means the average cost of all IBIT purchases is almost flat." As ETF holders are no longer under pressure, the sell-off of Bitcoin ETF.

Odaily News Decentralized Finance platform Xbank announced the official launch of its new DApp. This launch fully connects four core modules: RWA finance, decentralized trading, PayFi payment, and ecological governance, aiming to provide global users with more transparent, efficient, and trustworthy on-chain financial services. Also launched is the Xbank NFT Node Certificate, which serves as a key entry point and value carrier for the ecosystem. This NFT will be used in the future for user level identification, staking yield enhancement, Airdrop rights allocation, and community governance voting scenarios. Xbank stated that the platform will continue to promote the deep integration of real assets and on-chain liquidity, accelerating the construction of an open, secure, and sustainably growing financial ecosystem.

The price of Zcash (ZEC) has recently rebounded strongly from a key demand zone, becoming the focus of the market once again. Although the overall crypto market is still showing mixed rises and falls, ZEC remains stable near major reaction levels, indicating increased buyer confidence. The technical analysis shows that the Zcash price is accumulating strength within a descending wedge while forming an Adam and Eve bottom formation. The Adam part presents a V-shaped rapid rebound, while the Eve part supports a rounded and stable formation, indicating that buyers are actively intervening during each pullback, leading to an increasingly clear price structure. The main support levels are at 607 USD, 705 USD, and 800 USD, and if the price successfully breaks through these levels, it will open up further upside potential.

Pi Network recently announced a partnership with gaming company CiDi Games, aiming to expand its influence in the Web3 gaming sector and enhance the platform's practical application value. This collaboration will provide Pi users with more opportunities to spend, earn, and interact using Pi across multiple games. The team stated that this collaboration will help game developers scale their game development by providing clear support, thus expanding the practical application scenarios of Pi. The core development team pointed out that games are highly compatible with the Pi ecosystem and are a key vertical that Pi has been nurturing within the ecosystem. Pi analyst Dr. Altcoin also expressed appreciation for this, believing that the significance of the collaboration is substantial.

BlockBeats news, on November 27, TRON founder Justin Sun attended the "Truth on the Ground, Justice Displayed - TUSD Reserve Asset Global Judicial Pursuit Progress Media Briefing" held at the Peninsula Hotel in Hong Kong, and disclosed key facts and interim results regarding the illegal appropriation and embezzlement of TUSD reserves, attracting high attention from the fintech and blockchain industries. Justin Sun

Caroline Pham, a member of the Commodity Futures Trading Commission (CFTC), announced the establishment of a new "CEO Innovation Council" and is seeking candidates and potential key topics from the public. According to a press release issued on November 25, the council will focus on the regulation of innovative fintech and prediction markets, providing advisory support for the CFTC's future regulatory expansion.

According to BlockBeats news on November 27, the latest research released by the Fed shows that the top 100 banks in the United States and 100 non-bank financial institutions (NBFIs) have a high concentration risk at the "third-party service provider" level. If key cloud, payment, or core IT service providers experience a failure, it will quickly evolve into a cross-market systemic event. The model indicates that in extreme scenarios, the tail losses caused by systemic incidents could far exceed normal operational risks, with operational disruptions becoming the main source of loss rather than traditional credit events. From a macro-financial perspective, this study quantitatively confirms for the first time that "digital infrastructure failure" itself can trigger a financial crisis, rather than being merely an accompanying risk. When critical third-party nodes fail, it will simultaneously impact payment clearing, liquidity allocation, credit transmission, and risk hedging mechanisms, rapidly increasing the value of the dollar in the short term.

PANews, November 27, reported by Cryptopolitan, the latest report from the Bank for International Settlements (BIS) indicates that the total assets of tokenized money market funds have surged from $770 million at the end of 2023 to nearly $9 billion, becoming a key source of collateral in the crypto ecosystem. The agency warns that while such assets have the "flexibility of stablecoins," they also bring substantial operational and liquidity risks. The BIS identifies liquidity mismatch as a major risk of tokenized money market funds. It points out that while investors can redeem tokenized fund shares on a daily basis, the underlying assets still adhere to the traditional T+1 settlement mechanism. During periods of market pressure, concentrated redemption demands will expose this structural risk. Subsequently, the organization noted that the market is still in its early stages of development, and solutions are continuously being improved, such as the distributed ledger repurchase (DLR) launched by financial technology company Broadridge.

Gate News Bot message, on November 27, according to CoinMarketCap data, as of the time of writing, KAS (Kaspa) is currently priced at 0.06 USD, having risen 18.45% in the last 24 hours, with a peak of 0.06 USD and a low of 0.04 USD. The current market capitalization is approximately 1.609 billion USD, an increase of 251 million USD compared to yesterday. KAS is currently ranked 48th in the global Crypto Assets market capitalization. Important news about KAS recently: 1️⃣ **Price continues to break through key resistance levels** Kaspa (KAS) price has shown strong pump momentum recently. After breaking the key resistance level of 0.05 USD on the 25th, it made another attack on the 27th, reaching 0.06 USD. This consecutive breakthrough indicates that market confidence in KAS continues to strengthen, attracting more investor attention. 2️⃣ *

ChainCatcher message, QCP's analysis states that BTC is currently stable at a high level of 90,000 USD, with market risk sentiment improving and the expectation of a rate cut in December rising to 85%. However, macro signals remain complex, inflation is still high, and labor data is weak. Warning signals have appeared in the AI credit sector, with credit default swaps (CDS) widening, raising concerns about rising accounts receivable and inventory at Nvidia. The capital flow in cryptocurrency shows a similar trend: ETFs continue to see outflows, and most products are trading below their net asset value. MicroStrategy's strategy is under scrutiny again, as its BTC holdings approach breakeven, and its stocks have been added to the MSCI delisting watch list. The options market shows cautious sentiment, the correlation between Bitcoin and AI stocks has increased, and the fear and greed index has decreased. Technically, Bitcoin is around 95,000 USD.

BlockBeats news, on November 27, Vitalik Buterin published an article stating that end-to-end encryption communication is crucial for privacy protection, emphasizing that the next key step in this field is to support permissionless account creation and metadata privacy, and mentioned that Session and SimpleX are advancing in these directions. He donated 128 ETH to each, while pointing out that decentralization, metadata protection, multi-device support, and Sybil/DoS resistance are still challenges that require more developers to invest in improving such privacy communication tools.

Odaily News Greeks.live released an English community brief, which pointed out: the group shows divergent sentiment, with traders holding mixed positions on ETH being bullish and bearish. Key levels of interest include $2,850, $2,900, and $3,000 strike prices, with strong disagreement on direction; some traders advocate selling call options and buying put options, while others claim that the bull run mode has returned.