November 24th. After taking office in January, US President Trump vigorously established the Department of Government Efficiency (DOGE) to reduce the size of the government. Although the department still had eight months left in its term, it has already been dissolved.When asked about the current status of the Department of Government Efficiency, US Office of Personnel Management Director Cooper said: "It simply does not exist." Cooper added that the Department of Government Efficiency is no longer a "centralized institution." This is the first time the Trump administration has confirmed the dissolution of the Department of Government Efficiency.This Musk-led institution, established in January of this year, carried out a sweeping reform of Washington, rapidly reducing the size of federal agencies, cutting their budgets, or shifting their focus to Trump's priorities. According to executive orders signed by Trump after taking office, the Department of Government Efficiency was supposed to operate until July 2026. (FX678)

November 24th, according to Coinglass data, the total liquidation in the past 24 hours was $213 million, with $76.325 million in long liquidations and $136 million in short liquidations.In the past 24 hours, a total of 112,820 people were liquidated globally, with the largest single liquidation occurring on OKX - BTC-USDT-SWAP, totaling $2.5873 million.

November 24th, Ethereum founder Vitalik Buterin shared in a post regarding the prediction of the "Displaying Account Country" feature:In the short term, it will bring about many positive effects.In the medium term, experienced players will find ways to disguise themselves as being from a different country. There are countless methods to rent someone else's passport, phone number, IP address, and so on. It would be somewhat difficult to fake 1 million accounts with fake locations, but it would be very easy to fake one account with a false location and then operate it to 1 million followers.Six months later, those political water army accounts that are actually located in a random Eurasian country but operate under names like "Defenders of Western Civilization" will most likely change their location tags to "USA" or "UK."(The above is what I think will happen, not what I hope to see. What I hope for is:(i) We can truly see different communities' views on different topics, and this is not an easily forgeable signal.(ii) These "communities" are not just highly identifiable narrow labels such as countries or educational backgrounds but a more widespread, spontaneous, multi-source evidence-based structure.However, I believe that it is very difficult to keep such a system robust in an adversarial environment.)Upon further reflection, I also agree with the points made by the respondents: it is inappropriate to display a user's country without their consent and without providing any opt-out option (even without a "disable account" last resort option). In most cases, displaying country information will still maintain a large anonymous set, but there are indeed some people for whom even a few bits of data leakage are very dangerous. They should not be unilaterally deprived of privacy by the platform without any remedy.

November 24th, according to HTX market data, Bitcoin briefly surged above $88,000 this morning before falling back, now trading at $86,861, with a 24-hour gain narrowed to 2.44%.

November 23rd, according to HyperInsight monitoring, the "Calm Down and Short" reduced a $2.6 million ZEC short position, with the overall short position's unrealized loss expanding to $4.05 million. Current positions:· $41.74 million BTC short, with a $1.84 million unrealized loss and a liquidation price of $89,018;· $30.97 million SOL short, with a $1.51 million unrealized loss and a liquidation price of $136.73;· $11.31 million XRP short, with a $0.69 million unrealized loss and a liquidation price of $2.22;· $4.11 million ZEC short, with a $0.01 million unrealized loss and a liquidation price of $684.55.

November 23rd, according to Ultrasound.money data, Ethereum's net supply in the past 7 days increased by 18,019 ETH. The total Ethereum supply has now reached 121,234,582 ETH, with a supply growth rate of 0.776% per year.

November 23rd, according to LookIntoChain monitoring, trader 0x152e closed his ZEC long position yesterday, losing $846,000.Just as ZEC was rebounding, the trader reversed his position within the past 40 minutes: shorting 4,574.87 ZEC with 5x leverage (worth $2.66 million).Simultaneously, he established a 20x leveraged BTC long position, with a position size of 367.36 BTC (worth $31.63 million).

November 23, according to on-chain analyst Ai Auntie (@ai_9684xtpa), address 0x29F...335EF deposited 8920 ETH to Binance in the past hour (approximately $24.85 million). These ETH were withdrawn from the exchange at an average price of $3024 during the period from March 2024 to February 2025. If sold at the current price, it would result in a loss of $2.12 million.

November 23rd, this week Bitcoin has been continuously falling from its high of $96,000, dropping to a low around $80,600 on Friday, November 21st, at around 20:25 Beijing time. Several Federal Reserve officials spoke that evening, releasing bullish signals and reversing the market's previous belief that there would be "almost no rate cut in December." The earliest speaker appeared almost simultaneously with the $80,600 low point, including:New York Fed President Williams stated that given the current policy, which appears to be tightening, the Fed could still cut rates in the short term. The inflation process has stalled, but it is expected to reach the 2% target by 2027.Fed Governor Milan said that the impact of the non-farm data released on Thursday was "clearly dovish," and that insufficient data does not mean the Fed lacks forecasts.Fed Vice Chair Jefferson also said he believes that the current AI-related U.S. stock rally is unlikely to repeat the collapse of the late 1990s internet bubble, mainly because today's AI-related companies are more mature and have real profit capabilities.Fed's Logan said that the Fed's balance sheet is expected to resume growth soon.After several officials collectively "turned dovish" to reverse the situation, the three major U.S. stock indexes opened higher, and Bitcoin also started a rebound. The market believes that the probability of a rate cut in December has quickly risen to above 70%. As of the time of writing, Bitcoin's rebound has briefly exceeded $86,000. Several market analysts and traders have stated that the "short-term bottom has been reached," including:Well-known Chinese crypto analyst Banmu Xia stated that $80,500 can be basically confirmed as an important low point of this bear market, and may even be the lowest point. However, the bear market has not ended, and there may still be a "bottoming consolidation" in the future.Crypto trading indicator analysis platform CoinKarma pointed out that the spot trading volume at the closing of the BTC daily chart on November 21st showed near-term maximum volume on multiple exchanges, indicating significant turnover in the market. This kind of "large turnover, volume-supported rebound" structure is a typical short-term bottom signal.Placeholder VC partner Chris Burniske stated that the cryptocurrency market seems to be ready for a rebound until it is bullish enough to make people believe again, followed by the next round of sharp decline.

November 23rd, according to official information, Monad's token sale on Coinbase has ended, raising a total of $269 million, oversubscribed by 144%.

November 23rd, according to LookIntoChain monitoring, a new wallet possibly related to BitMine received 21,537 ETH (valued at $59.17 million) from FalconX 8 hours ago.

BlockBeats News Update: On November 23, according to HTX market data, Bitcoin rebounded and surpassed $86,000, currently trading at $86,056. Ethereum also broke through $2,800, now priced at $2,808.

November 23rd, prominent Chinese crypto analyst Banmuxia stated on social media that the bullet-loading moment for Bitcoin has arrived. $80,500 can be basically confirmed as an important low point of this bear market, and it may even be the lowest point. However, this does not mean the bear market has ended. This round of the bear market has been running for more than 3 months and may continue for another 3-4 months, but this is a sideways bear market. (ps: This is just an analysis, specific trading should be planned carefully. However, spot transactions can be steadily bought and held until the end of the next bull market.)

November 23rd, AI Smart Agent Port3 Network this morning issued a security alert on social media, stating that a hacker exploited the BridgeIn vulnerability to mint additional (10 billion tokens) tokens. To protect users, the team has removed some liquidity and is preparing to communicate with the hacker.On-chain data shows that the hacker sold a large amount of tokens on-chain but did not deposit them into a CEX. Subsequently, the Port3 team removed on-chain liquidity, preventing the hacker from further cashing out. Some exchanges also shut down deposit channels. The hacker eventually burned all remaining tokens.Market data shows that as of the time of writing, this event caused the PORT3 token to fall by 82%, dropping from this morning's $0.037 to a low of $0.0066, now rebounding to $0.0086, with a market cap of only $4.05 million and a FDV of $8.11 million.

November 23rd, Bitwise advisor Jeff Park posted on social media stating that a notable phenomenon during the recent selloff is that the market's volatility characteristics are more akin to "Strike Price Stickiness" rather than "Delta Stickiness." (This indicates that this selloff was not primarily driven by market makers' mechanical delta hedging but by market participants' concentrated views and actions around a specific price point (strike price).) This is in stark contrast to the market behavior during an "Expiration Day."This characteristic signals two possibilities: first, traders believe that the market may experience a rapid rebound; second, the volatility will continue to remain at elevated levels.

November 23rd, Cryptocurrency transaction indicator analysis platform CoinKarma posted on social media that, from the technical indicator CVD observation, after BTC lost a key long-term level this week, it has faced strong selling pressure for several consecutive days, leading to an accelerated decline in the market. However, we also noticed that on November 21st, the spot trading volume of BTC at the daily closing price on several exchanges hit a recent high, indicating a clear change of hands in the market. This kind of "high-volume turnover, volume surge to stop the decline" structure is a typical short-term bottoming signal.

November 23rd, Former Ark Invest Crypto Lead and current Placeholder VC Partner Chris Burniske posted on social media indicating that the cryptocurrency market appears poised for a rebound, enough to get people bullish again, only to then see the next leg down.

November 23, according to HTX market data, Bitcoin rebounded this morning, surpassing $85,000 and is currently trading at $85,157.

November 22, according to CME's "FedWatch" data, the probability of a 25 basis point rate cut by the Fed in December is 71%, while the probability of rates remaining unchanged is 29%.

November 22, according to official sources, Arkham has announced that it now supports monitoring Bitcoin treasury company Nakamoto's holding address. The Nakamoto address currently holds 5,398 BTC, valued at around $453.4 million.