November 28th, according to Decrypt, two South Korean police officers have been accused of receiving bribes from an illegal cryptocurrency exchange, with the total amount of money laundering involved reaching a staggering $186 million (approximately 249.6 billion South Korean won). Prosecutors have charged these two police officers with providing investigation intelligence to criminal gangs, assisting in unfreezing accounts, introducing lawyers, and connecting with other law enforcement officers in exchange for money. South Korean authorities have frozen about $1.1 million (15 billion won) in related assets.The money laundering group, led by a mastermind in collaboration with CEO "A," recruited members from January to October 2024 and set up a cash exchange point disguised as a "gift voucher shop" in upscale areas such as Yeoksam-dong in Gangnam-gu, Seoul. They converted proceeds from voice phishing scams into USDT stablecoin. The shop even had warning signs saying "Beware of Voice Phishing" to mask their activities.

November 28th, according to Blur Data, the Infinex Patron NFT floor price has exceeded 1.8 ETH, equivalent to $5400, with a 13.92% increase in the past 7 days.Yesterday, Infinex announced that it will launch a public sale on Sonar, with participation rights divided into two categories: existing Patron NFT holders and new participants. Each Patron NFT entitles the holder to receive 100,000 INX tokens at TGE. Liquid Patron holders will receive a corresponding allocation based on the number of Patrons they own, with a maximum limit of $500,000. Participants without a Patron NFT can still participate in the sale through a separate lottery draw, with an allocation cap of $5,000 per person and a minimum purchase of $200.

November 28th, Infinex founder kain.mega posted on social media, stating that the original intention of Infinex's ICO restart was not to ensure that everyone could profit, but to eliminate the scam system of "low circulation, high fully diluted valuation" — a model in which no one could profit except for three venture capital firms.

November 28th, according to official sources, Bitget will donate a total of 12 million Hong Kong dollars to Hong Kong to support the emergency rescue, assistance to affected families, and post-disaster reconstruction of the Wang Tau Hom Fire. The donation will be received and implemented by three reputable local charities:The donation will be allocated as follows:Hong Kong Yee Wo Yee Hospital - 5 million Hong Kong dollars, to assist in handling emergency medical support, related treatment costs for the injured, and to provide necessary health and rehabilitation support to affected families.The Salvation Army Hong Kong and Macau Command - 3.5 million Hong Kong dollars, to provide economic assistance, temporary shelter, living supplies, and post-disaster basic living reconstruction-related services to help affected families resume their daily lives as soon as possible.The Hong Kong Kowloon City District Women's Welfare Association Limited - 3.5 million Hong Kong dollars, for community support, psychological counseling, family assistance, and post-fire social work follow-up to help affected residents through the transition period.Bitget stated that they hope every dollar of the donation will be used transparently, promptly, and effectively. Through this donation, they will work with local charities to provide timely and practical support to affected residents, helping the community rebuild and restore normal life as soon as possible.

November 28th, according to PolyBeats monitoring, in the prediction market "Who will be the next Federal Reserve Chair announced by Trump in 2025?" the nomination probability of former White House economic advisor Kevin Hassett saw an explosive growth this Wednesday. His probability surged from a low of 14.2% to a high of 35%, a growth of over 146%, making him the top favorite in the market.Reports indicate that Hassett has been seen by White House insiders and allies as the frontrunner for the position of Federal Reserve Chair. As the most steadfast "dovish" member of the President's core economic team (supporting significant interest rate cuts), the market perceives Hassett as the most likely candidate to carry out the President's interest rate cut intentions. Treasury Secretary Scott Besent has confirmed that the selection has narrowed down to a final five and an announcement could be made before Christmas, further accelerating the market pricing for this "most loyal advocate of rate cuts" candidate.Based on high confidence in Hassett's eventual nomination, in another long-term prediction market "Who will Trump nominate as the Fed Chair? (Deadline: December 31, 2026)", Hassett also leads by a wide margin with an extremely high 56% probability, while the probability of "no new Chair announced" is almost 0. In this long-term market, the second favorite candidate is current Fed Governor Christopher Waller, with a 24% probability: his "hawkish" monetary policy stance coupled with a moderate political image makes him the most likely "backup" candidate to replace Hassett.

November 28th, according to LookIntoChain monitoring, as the market dipped, the whale address starting with 0xE9D0 once again bought 40,433 AAVE in the past 5 days (worth $7.1 million).Over the past 3 years, this whale has purchased a total of 292,838 AAVE at an average price of $170 per coin (approximately $54.5 million), currently holding an unrealized profit of $4.6 million.

November 28th, according to Onchain Lens monitoring, the Royal Government of Bhutan has just once again transferred 160.35 ETH to QCP Capital (approximately $48.3 thousand), and may continue to deposit more funds, or may be selling ETH through OTC trades.

November 28, according to Cointelegraph, Switzerland has postponed the implementation of rules for automatically exchanging cryptocurrency account information with overseas tax authorities until 2027 and is still deciding with which countries to share data. The Swiss Federal Council and the State Secretariat for International Finance stated on Wednesday that the Cryptocurrency Asset Reporting Framework (CARF) rules will still be written into law as planned on January 1, 2026, but will not be implemented until at least one year later. The department added that the Swiss Government Tax Committee "has suspended deliberations on which partner countries Switzerland intends to exchange data with based on CARF," which is the reason for the delay. The government announcement also emphasized a series of revisions to local cryptocurrency tax reporting laws and transitional provisions aimed at "facilitating" domestic cryptocurrency companies' compliance with CARF rules.

November 28th, according to Nansen data, in the past 7 days, only 11 public blockchains had fee revenue exceeding $100,000, with only 6 public blockchains having fee revenue exceeding $1 million. The Tron network ranked first with $6.16 million in fee revenue, followed by Ethereum ($3.87 million), Solana ($2.94 million), BNB Chain ($2.65 million), Bitcoin ($1.78 million), and the Base network ($1.13 million).In addition, HyperEVM had a fee revenue of $406,000 in the last 7 days, and the newly launched mainnet public blockchain project Monad had a revenue of $111,000 in the last 7 days.

November 28th, according to Coinbob Hot Address Monitoring, in the past 1 hour, the "Calm Long King" has completely closed ZEC and MON long positions, recording a loss of approximately $320,000. He then opened a short position again, with the current main positions being a 40x BTC short worth $2.11 million and a 10x ZEC short worth $13,000, both with minor unrealized losses.According to monitoring, since the market downturn on the 20th, the "Calm Long King" has encountered five rounds of large liquidations, with actual losses exceeding $18 million. To maintain his positions, he has added approximately $7.7 million in margin to Hyperliquid, and his current account balance is less than $50,000. Previously, on November 11th, his account had an unrealized profit of nearly $10 million but was not closed, and all the profits were lost. The drop on the 21st directly led to a liquidation loss of over $12 million.Looking back on his trading career, the trader started with a $3 million principal in September and once made a profit of over $30 million within two months due to multiple accurate predictions, attracting widespread attention. However, recent consecutive mistakes have nearly wiped out all his profits.

November 28th, according to the MEXC Global official website data, the platform's trading volume reached $1.26 billion in the past 24 hours, setting a new daily all-time high. At the time of writing, the platform's total trading volume has surpassed $13.1 billion.MEXC Global launched the Points Season S1 from November 5th to December 2nd, allowing users to earn M Credits (M Credit) through trading activities such as US stocks spot trading, futures, and perpetual contracts, which can be directly used for future MSX token allocation.

November 28th, according to official sources, to fully support the emergency rescue, post-disaster relocation, and rebuilding efforts of the Tai Po fire in Hong Kong, the Matrixport Group donated 3 million Hong Kong dollars through its Hong Kong branch to relevant rescue organizations. This donation was contributed by the group and its employees and will be specifically used for post-disaster rescue and rebuilding efforts.After the disaster, the group immediately communicated and coordinated with relevant Hong Kong organizations to promptly finalize the donation. Matrixport expresses deep condolences to the citizens and firefighters who tragically lost their lives in this incident, pays high tribute to the frontline firefighting and rescue personnel, and extends sincere condolences to the families of the injured and deceased.Matrixport will continue to closely monitor post-disaster developments and collaborate with local charity partners to provide ongoing support to the affected Hong Kong community.

November 28, the Chicago Mercantile Exchange (CME) stated that trading is currently suspended in its market due to a cooling issue at the CyrusOne data center. The support team is working to resolve the issue as quickly as possible and will notify customers immediately after providing more details before the opening.

November 28, according to LSEG data, there has been no trading data for S&P 500 Futures and Nasdaq 100 Futures since 03:44 GMT (11:44 Beijing Time) from Greenwich Mean Time. (Golden Finance)

November 28, according to market sources, CME Group's commodity futures trading was temporarily suspended due to technical issues, including cryptocurrency futures such as Bitcoin, Ethereum, and Solana.

November 24th, after a weekend of recovery, the cryptocurrency market has rebounded, with the total cryptocurrency market cap reclaiming the $3 trillion mark, now standing at $3.033 trillion, a 0.7% increase in the past 24 hours.Bitcoin surged above $88,000 this morning, currently trading at $86,818, a bounce of over 7.7% from last Friday's low of $80,600; Ethereum has rebounded to around $2,800; BNB has risen above $840; SOL has surged above $130.

November 24th, the U.S. economy is currently experiencing a puzzling anomaly, causing concern among policymakers tasked with curbing inflation and maintaining the labor market. Labor Department data shows job losses in June and August, with a meager three-month average of about 62,000 new jobs added as of September.However, worker productivity, a key driver of economic output, remains high. The Gross Domestic Product (GDP), which measures the output of all goods and services in the economy, also remains strong. This contradictory situation of economic expansion coexisting with a weak labor market has presented a dilemma for the Federal Reserve policymakers, making it challenging for them to determine whether the economy needs to cool down or be further stimulated.Economists believe it is currently uncertain whether rate cuts can ultimately offset the erosion in hiring due to significant policy changes. Ryan Sweet, Chief U.S. Economist at Oxford Economics, said, "Fortunately, we have not yet seen mass layoffs; otherwise, a lack of job expansion would evolve into an economic recession. The economy can grow without creating a large number of jobs, but the prerequisite is that productivity must continue to grow healthily." A lack of job expansion could quickly evolve into an economic recession.

November 24th. According to EmberCN monitoring, a whale of AAVE that had partially liquidated its position during the 10/11 flash crash has increased its holdings today by 24,000 AAVE (worth approximately $4 million).Through flash loans, this whale has accumulated 284,000 AAVE over the past 2 years at an average price of $165; during the 10/11 flash crash, their borrowing position was liquidated at a price of $101, resulting in 32,000 AAVE being liquidated (worth $3.22 million).Currently, the address holds a total of 276,000 AAVE at an average price of $165.

November 24th, according to OnchainLens monitoring, the address "0x184" deposited 1 million USDC into HyperLiquid and opened a 25x leveraged ETH long position. The opening price was $2799.01, the liquidation price was $2628.69, and the position size reached 4685 ETH.Prior to this, the address had traded SOL and earned over $100,000 from it.

November 24th, CITIC Securities' research report stated that New York Fed President Williams hinted at a further rate cut in December, reversing market rate cut expectations. Currently, the market believes there is a 70% probability of a Fed rate cut in December.The Fed will enter a quiet period starting on November 29th, during which Powell will not have any public speaking engagements or media interviews scheduled. The speech by his "close ally" Williams may be the last time a Fed official speaks to influence market expectations.Continuing from previous views, it is expected that there will be a rate cut in December or a "close call" rate cut of 25 bps. For the market, the reversal of rate cut expectations, combined with the "28-point" plan advancement and news of the Trump administration considering exporting H200 chips to China, macro factors are no longer a source of market pressure in the short term. The market may focus more on issues such as AI companies issuing bonds, cryptocurrency trends, and other matters. (Jinshi)