November 30th, BitMEX co-founder Arthur Hayes posted a message stating that the Tether team is in the early stages of conducting a large-scale carry trade. My interpretation of the Tether reserve audit report is that they believe the Fed will cut interest rates, which will severely impact their interest income. In response, Tether is buying gold and BTC; in theory, when the currency price (interest rate) falls, these assets should skyrocket. The "gold + BTC position" dropping by about 30% would wipe out their equity capital, and then USDT would theoretically be insolvent. I believe some large holders and trading platforms will request real-time access to Tether's balance sheet to assess counterparty risk.Get your popcorn ready; mainstream media is expected to hype this up, especially those editors suffering from "Trump Derangement Syndrome" (TDS), who want to seize the opportunity to attack Lutnick and Cantor, the main supporters of this stablecoin. Mentioned are "Commerce Secretary Howard Lutnick and his financial services company Cantor Fitzgerald, the main backers and partners of Tether".

November 30th, Sahara AI officials stated that they have noticed unusual price fluctuations of the SAHARA token and have initiated an internal investigation. Currently, there are no security risks or product-related issues on the Sahara platform, and further updates will be provided in due course.According to HTX market data, yesterday evening SAHARA experienced a sharp 50% drop to $0.03468, with its market cap halved to $106 million, and has since slightly rebounded to $0.044.

November 30th. This week, due to the Thanksgiving holiday in the United States, market trading volume has been consistently low, which is a typical feature of Thanksgiving trading. However, due to a data center outage at the CME Group on Friday, the spot prices of gold and silver experienced significant volatility. After the futures prices recovered, they continued to rise, with the price of gold surging nearly $150 this week, returning to above $4200. On the data front, U.S. September PPI and retail sales data performed poorly, and the weekly private sector employment data released by ADP was also quite weak.On Tuesday at 9:00 AM, Federal Reserve Chair Powell gave a speech at a commemorative event;On Tuesday at 11:00 PM, Federal Reserve Board Governor Bowman made a statement to the House Committee.On Wednesday at 9:15 PM, U.S. November ADP Employment Numbers;On Wednesday at 9:30 PM, U.S. September Import Price Index MoM;On Wednesday at 10:15 PM, U.S. September Industrial Production MoM;On Wednesday at 10:45 PM, U.S. November final S&P Global Services PMI;On Wednesday at 11:00 PM, U.S. November ISM Non-Manufacturing PMI;On Thursday at 9:30 PM, U.S. Initial Jobless Claims for the week ending November 29th;On Friday at 11:00 PM, U.S. December 1-year Inflation Rate Expectation preliminary value, December University of Michigan Consumer Confidence Index preliminary value, September Core PCE Price Index YoY, September Personal Spending MoM, September Core PCE Price Index MoM.If service sector activity in November shows healthy growth again, it will support the hawks within the Federal Reserve internally, and if it suddenly falls to 50.0 or lower, it will support immediate rate cut justifications. Equally important is the ADP employment report next Wednesday. The official November non-farm payroll report will not be released until December 16th, and with the October report canceled, the ADP private employment survey will provide a crucial update on the labor market.

November 29th, according to HTX market data, SAHARA experienced a short-term plummet of 50%, currently trading at $0.03584, with its market cap "halved" to $106 million.

November 29, according to Coinglass data, the entire network liquidated $159 million in the past 24 hours, with long liquidations totaling $121 million and short liquidations totaling $38.1523 million.In the past 24 hours, a total of 84,258 people were liquidated globally, with the largest single liquidation occurring on OKX - BTC-USDT-SWAP amounting to $2.3577 million.

November 29th, according to Cointelegraph, after experiencing several weeks of intense selling pressure, Bitcoin may be forming a short-term bottom. A market analyst believes that the market conditions are in place to drive Bitcoin towards a rebound to the $100,000-$110,000 range.Trader Mister Crypto stated that Bitcoin's short-term structure is showing signs of stabilization, following what he called a "surrender sell-off." He pointed out that indicators related to trader behavior show that as market sentiment plunged into extreme fear territory, large players have begun to open new long positions, a combination that historically indicates a rebound during a downturn. One of the key technical signals he referenced is the Relative Strength Index (RSI) on the Bitcoin weekly chart, which is currently approaching the 30 level. He said: "We are seeing Bitcoin's bottom right here. RSI is close to 30. Boom (bottom)."The analyst noted that in the past few cycles, this area has often aligned closely with the market bottom. While he cautioned that this does not guarantee the start of a new bull market, it usually signals at least a temporary reversal. Another factor supporting the rebound view is the current distance between Bitcoin and the 50-week moving average (around $102,000). According to analysis, in past cycles, Bitcoin has often retraced to this level after falling below this average. The current expectation is that Bitcoin may experience a rebound to bring the price back to the five-figure range before a deeper trend may emerge in the future.The macro environment has also added to the short-term optimism. He noted that the market expects quantitative tightening (QT) to potentially end soon, and there is speculation that there may be another rate cut at the upcoming monetary policy meeting. These two developments often relax the financial environment, which is positive for risk assets like Bitcoin.

November 29th, according to Coinglass data, if Ethereum breaks through $3100, the cumulative short liquidation intensity of mainstream CEXs will reach $905 million.Conversely, if Ethereum falls below $2900, the cumulative long liquidation intensity of mainstream CEXs will reach $674 million.BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price, when reached, will generate a stronger reaction due to a liquidity surge.

November 29th. On the night of November 27th to the early morning of the 28th local time, a critical data center used by the CME Group in the United States experienced a more than 10-hour service interruption due to overheating. It is reported that this critical data center is located in Aurora, a western suburb of Chicago. After a cooling equipment failure, the temperature in the data center rose to nearly 49 degrees Celsius, exceeding the industry's maximum temperature threshold of about 48%, resulting in the service disruption.It is currently unclear why CME Group did not activate its backup data center in the New York area. Some insiders speculate that the reason may be that large traders quoted by CME Group have insufficient technical infrastructure at the backup data center and therefore prefer to wait for the Aurora facility to be restored. (Jinse Finance)

November 29th, according to Coinglass data, in the past 24 hours, the total net inflow of BTC on CEXs was 22,781.88 BTC, with the top three CEXs by inflow volume as follows:· Kraken with a net inflow of 11,056.56 BTC;· Bitfinex with a net inflow of 3,890.00 BTC;· OKX with a net inflow of 2,403.16 BTC.Additionally, Gate had a net outflow of 7.16 BTC, ranking first in the outflow list.

November 29, Co-founder of Alliance DAO, QwQiao, wrote, "I don't think L1 tokens are necessarily a bad investment. Of course, I won't short them either. It's just that I can't convince myself that they are a particularly good investment.In a universe with thousands of optional assets, you can always find a small group of high-quality assets rated 9/10 to hold. So why bother with 7/10 assets?I can sleep more soundly because every asset I hold has a strong moat, is in an exponentially growing track, and is reasonably valued."Yesterday, QwQiao stated that it's difficult to convince oneself to hold L1 tokens long-term because there is no "moat."

November 29th, according to Coinglass data, if Bitcoin breaks through $92,000, the cumulative short liquidation intensity of mainstream CEX will reach 557 million.On the contrary, if Bitcoin falls below $89,000, the cumulative long liquidation intensity of mainstream CEX will reach 838 million.BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will experience a stronger reaction due to a liquidity tsunami when it reaches that level.

November 29, as the United States intensified pressure to ensure a peace agreement in the nearly four-year conflict between Russia and Ukraine, the two countries launched night-time airstrikes against each other, with one missile targeting Kyiv and a Russian refinery catching fire.Kyiv Mayor Vitali Klitschko said a large-scale attack on the Ukrainian capital resulted in two deaths, at least 29 injuries, with 19 people hospitalized. The city's air raid sirens lasted for 12 hours, leaving 500,000 people without power on Saturday morning.Meanwhile, the Russian Black Sea coastal region of Krasnodar was hit by drone attacks, leading to a fire at the Afipsky refinery, causing unspecified damage to the technical equipment. (FXStreet)

November 29th, according to Onchain Lens monitoring, a whale address that "switched to spot trading after a large contract loss" purchased another 1000 ETH from HyperLiquid 2 hours ago. This whale currently holds 7066 ETH worth $21.22 million and has 4.78 million USDC sitting idle, likely preparing for more ETH purchases.Reportedly, this address had previously lost $8 million through contract trading and has since shifted to spot trading.

November 29, According to official sources, the MGBX platform will launch the "Year-End Finale Gift Pack" event from December 1 to December 15, 2025 (SGT), targeting newly registered users. During the event, users who complete tasks such as real-name authentication, deposit, and contract trading can unlock corresponding rewards in stages, with the highest reward being a 6,888 USDT contract trial fund.

November 29, the People's Bank of China held a meeting of the Work Coordination Mechanism to Combat the Speculation of Virtual Currency Trading. Officials from the Ministry of Public Security, Cyberspace Administration of China, Central Financial Work Leading Group Office, Supreme People's Court, Supreme People's Procuratorate, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Justice, People's Bank of China, State Administration for Market Regulation, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, and State Administration of Foreign Exchange attended the meeting.The meeting pointed out that in recent years, various units have earnestly implemented the decisions and deployments of the Party Central Committee and the State Council, in accordance with the requirements of the "Notice on Further Preventing and Dealing with the Risks of Speculation in Virtual Currency Trading" jointly issued in 2021 by the People's Bank of China and ten other departments, resolutely cracking down on the speculation of virtual currency trading, rectifying the chaos in the virtual currency market, and achieving significant results. Recently, influenced by various factors, speculation and hype in virtual currencies have resurfaced, and related illegal and criminal activities have occurred from time to time, posing new situations and challenges to risk prevention and control.The meeting emphasized that virtual currency does not have the same legal status as legal tender, does not have legal tender status, and should not and cannot be used as currency in the market circulation. Activities related to virtual currency belong to illegal financial activities. Stablecoins are a form of virtual currency that currently cannot effectively meet requirements such as customer identification and anti-money laundering, posing risks of being used for money laundering, fraudulent fundraising, illegal cross-border fund transfers, and other illegal activities.The meeting demanded that all units adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the 19th National Congress of the Communist Party of China and the various plenary sessions of the 20th Central Committee, take risk prevention and control as the eternal theme of financial work, continue to adhere to the prohibitive policy toward virtual currency, and persistently crack down on illegal financial activities related to virtual currency. All units should deepen coordination, improve regulatory policies and legal basis, focus on key areas such as information flow and fund flow, enhance information sharing, further enhance monitoring capabilities, vigorously crack down on illegal and criminal activities, protect the property security of the people, and maintain the stability of economic and financial order.

November 29, according to Hyperinsight monitoring, the "1011 Insider Whale" has just opened a new 5x ETH short position with a position size of $15 million (5000 ETH), entry price at $3,001.81, and liquidation price at $5,056.

November 29th - According to official sources, trading of GaiAi (GAIX) on Binance Alpha will start on November 29, 2025, at 16:00 (UTC+8).Users holding at least 256 Binance Alpha points can claim a token airdrop. Claim 400 GAIX tokens on the Alpha event page. If the event is ongoing, the score threshold will automatically decrease by 5 points every five minutes.Claiming the airdrop will cost 15 Alpha points. Users must confirm the claim on the Alpha event page within 24 hours; otherwise, it will be considered a waiver of the airdrop.

November 29th, according to DL News, institutional investments in 2025 have poured nearly $25 billion into cryptocurrency companies, a scale exceeding 150% compared to last year, far beyond market expectations.This year, the top institutions involved in transactions include tech-focused Paradigm and Sequoia Capital, as well as Wall Street giants BlackRock, JPMorgan Chase, and Goldman Sachs. According to DefiLlama data, the most popular tracks are: centralized exchange platforms (raising $4.4 billion), prediction markets (raising $3.2 billion), and DeFi platforms (raising $2.9 billion).Jordan Knecht, Director of Institutional Strategy at blockchain service company GlobalStake, pointed out, "Projects currently attracting capital need to meet regulatory transparency, operational resilience, and be able to connect with traditional financial institutions and their standards. In a volatile market, investors prefer businesses that prioritize compliance, laying a long-term foundation for the asset class."Charles Chong, VP of Strategy at crypto-native consulting firm BlockSpaceForce, stated, "The cryptocurrency startup landscape is changing, with funds flowing to mature players whose revenue and unit economics models can support their valuations. This is not a signal of market weakness, but a reflection of market standardization and maturation, with fundraising becoming more rational, more focused on fundamentals, and less driven by reflexive speculation."Georgii Verbitskii, Founder of crypto investment firm TYMIO, believes, "The crypto market is following the same pattern as other technology cycles—across all major technology cycles, capital always flows first into foundational infrastructure before moving to consumer-facing applications."

November 29, according to on-chain data, the Hyperliquid team wallet 0x43…a251 transferred 2.6 million HYPE tokens (approximately $90.18 million) from the staking state to the spot state at 12:32 today. The wallet still holds 240 million staked HYPE tokens (approximately $836 million).

November 29th, according to Farside Investors monitoring, yesterday's net inflow into the US Ethereum spot ETF was $76.6 million, including:BlackRock ETHA: +$68.3 millionGrayscale ETHE: +$8.3 million