The Ethena ecological project Terminal Finance has announced its shutdown due to the inability to provide services resulting from the Converge chain not launching on schedule. Despite exploring various transformation options without success, the project promises that all user deposits will be preserved 1:1 and will allow withdrawals. The team will open source the protocol codebase to maintain integrity and accountability.

The Chicago Mercantile Exchange (CME) gradually resumed forex trading at 20:00 Beijing time after experiencing several hours of global market trading interruption, but has not yet announced the recovery times for other markets. This interruption lasted longer than a similar event in 2019, highlighting the extensive impact of the CME and its Globex platform. After the resumption, trading fluctuations in the forex market were minimal.

ChainCatcher news, Yala has posted on the X platform stating that all native BTC under the institutional model will be withdrawn from the Yala protocol. This process is completely separate from retail investor activities and will not affect the retail investor's YU balance or redemption rights. The complete redemption plan and timetable will be announced on December 15. In addition, Yala will release an updated roadmap outlining the next phase of development, including a shift towards AI-driven agent prediction.

Golden Finance reports that the stablecoin protocol Yala plans to remove the native BTC under institutional mode on the X platform, but will not completely destroy YBTC. Some YU remains locked in the Euler pool, and the retail investor YU balance and redemption rights are not affected. The redemption plan will be announced on December 15.

TSMC recently confirmed that its Fab 21 factory in Arizona experienced production disruptions in late September due to a power outage from a supplier. According to insider Tim Culpan, the outage forced the factory to scrap some wafers, but TSMC has not disclosed the specific number of losses or economic impact. A TSMC representative confirmed to Tom's Hardware that the power outage did occur but did not confirm whether it resulted in wafer losses. The power outage originated from the UK industrial gas supplier Linde, which is responsible for supplying critical materials to Fab 21. Although the Fab 21 plant itself did not experience a power cut (equipped with backup generators), the disruption in the supply of critical materials forced the plant to halt production for several hours and caused potential losses. TSMC in the US must rely on external suppliers to manage gas infrastructure, while in Taiwan it is managed internally, making Fab 21 more susceptible to supply chain disruptions.

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.

The European Central Bank recently made a clear statement regarding Bitcoin reserves, indicating that it will not include Bitcoin in its official reserves. This decision has sparked heated discussions in the global crypto world, with the market and investors showing high concern for the future direction of European digital assets. The European Central Bank emphasizes that Bitcoin reserves do not align with its long-term framework. The bank prefers assets that are stable, have clear valuations, and a historically reliable safety record, whereas Bitcoin has yet to meet these standards. In its statement, the European Central Bank pointed out that further regulatory strengthening is needed to ensure that the risks are manageable before Bitcoin is included in the official financial system.

ChainCatcher news, according to a report by Cointelegraph, the International Monetary Fund (IMF) recently released a video warning that although the tokenization market can make financial transactions faster and cheaper, this technology also brings new systemic risks. The IMF acknowledges that tokenization can lead to significant cost savings by reducing intermediaries and enabling instant settlements, but it also points out that automated trading could increase market volatility and the risk of flash crashes. Complex smart contracts chains under market pressure could trigger a chain reaction like "dominoes," turning localized issues into systemic shocks. The IMF predicts that based on historical experience, governments will not remain spectators in this important monetary evolution and will play a more active role in the field of tokenization in the future.

On November 28, news emerged that on the afternoon of November 26, 2025, a level five fire broke out in Wangfu Garden, Tai Po, New Territories, Hong Kong, resulting in significant casualties and property losses. This severe disaster has touched the hearts of the entire Hong Kong and even the global Chinese community, prompting swift action from all sectors through donations, material assistance, and volunteer services to support the affected residents. In this context, the AB Charity Foundation donated 10 million Hong Kong dollars to the Hong Kong General Association for the Promotion of Peaceful Reunification of China, jointly participating in the fire rescue and post-disaster community reconstruction work at Tai Po Wang Fuk Court, working together to promote the sustainable development of humanitarian assistance and related public undertakings. The AB Charity Foundation was established in May 2025 in Ireland, dedicated to promoting global public welfare, with a particular focus on vulnerable groups affected by war and natural disasters, especially women and children. This donation not only reflects the core mission of the AB Charity Foundation of "technology for good," but also demonstrates its holistic approach to the planet, transcending regions and cultures.

The crypto assets market welcomes the options delivery day, with BTC and ETH respectively expiring 143,000 and 572,000 options. Market sentiment has improved, but due to macro uncertainties, analysts do not recommend leveraged operations.

Foresight News reported that, according to China News Weekly, court documents show that Qian Zhimin purchased a total of 194,951 Bitcoins, which is higher than the 61,000 coins identified by the police, but the court did not disclose the situation regarding the remaining over 120,000 Bitcoins. In an interview with British media, Detective Joe Ryan from the London Metropolitan Police revealed that Qian Zhimin claimed that the "password" for a Wallet containing 20,000 Bitcoins was "lost." Based on the latest exchange market price, these "lost" Bitcoins are valued at approximately 12.5 billion.

The South African Reserve Bank (SARB) clearly stated in its latest research report that while retail Central Bank Digital Currency (CBDC) is technically feasible, South Africa does not urgently need to launch a digital rand at this time and should focus on upgrading and reforming the existing payment system. The report points out that improving payment infrastructure, enhancing settlement speed, and expanding the participation of non-bank institutions are more realistic and faster ways to enhance financial accessibility. In contrast, launching a public-facing CBDC will require a completely new legal and technical framework, with higher implementation costs and longer cycles. Therefore, SARB will focus on the wholesale scenarios of digital money and improving cross-border payment efficiency, rather than promoting consumer-facing CBDC.

According to BlockBeats news, on November 28, kain.mega, the founder of Infinex, stated on social media that it should be made clear that the intention behind Infinex's restart of the ICO is not to guarantee profits for everyone, but to eliminate the eyewash system of "low Circulating Supply and high Fully Diluted Valuation"—in that model, no one can profit except for three venture capital institutions.

Jin10 reports that there has been an increasing buzz in the market about Google's (GOOG.O) self-developed TPU, raising concerns about its impact on NVIDIA's market share in AI chips. NVIDIA CEO Jen-Hsun Huang stated that the AI market is vast and growing rapidly, with competition occurring daily, and NVIDIA must "run faster." He emphasized that NVIDIA's positioning is "very unique and solid," with a core focus on the high versatility of its GPUs and platform, which can be deployed in major cloud environments and is currently the only system capable of running all AI models. Regardless of customer needs, NVIDIA can provide complete solutions.

MegaETH officially announced that it will refund all funds raised through the pre-stored bridge, as the execution did not meet expectations. The refund process will be distributed as soon as possible after a new smart contract audit. At the same time, the conversion bridge for exchanging USDC to USDM will be reopened to increase liquidity before the Mainnet launch.

BlockBeats news, on November 28, Alliance DAO co-founder QwQiao posted on social media stating, "The reason I find it difficult to convince myself to hold L1 public chain tokens long-term is not because their price-to-earnings (P/E) ratios are high, but because they lack a moat. Without a moat, they will become commoditized and fail to capture meaningful value. Nowadays, users can easily transfer across chains. Apart from a few complex smart contracts, most application developers can quickly migrate from one chain to another. Moreover, launching a new chain is easier than ever. The switching costs for Blockchain are far less than that of infrastructures like AWS. The only way I see chains strengthening their moats is by verticalizing and controlling the Application Layer. My observation is that Solana, Base, and...

PANews, November 27 - The Dutch Bitcoin platform Blockrise announced that it has been authorized by the Netherlands Authority for the Financial Markets (AFM) under the EU MiCAR to provide Bitcoin-related services in Europe. Blockrise is a "Bitcoin-only" platform that will offer loans collateralized by Bitcoin to corporate clients, with a minimum loan amount of 20,000 euros. Clients retain ownership of the pledged BTC and it will not be re-staked. The company previously raised 2 million euros in seed funding and is now planning to initiate a 15 million euro Series A round to expand its market and credit business in the EU.

BlockBeats news, on November 27, wealth management company Swissblock stated that Bitcoin had low Trading Volume and high Fluctuation during Thanksgiving, presenting a good opportunity for tactical operations rather than a structural trend. When macro Liquidity and capital flow remain weak, these Fluctuations should be viewed as "noise" rather than market signals.

Odaily News CZ stated in a post commenting on the relationship between BNB price and ecosystem that in the short term, price and ecological development are not always proportional, but in the long run, they indeed are.

Odaily News Alliance DAO co-founder responded to the previous viewpoint that "crypto bros will face stronger opponents when trading U.S. stocks" by stating that he is clear about this because he himself was one of the "professional counterparties" in the U.S. stock market ten years ago. He stated, "In the U.S. stock market, about 1 in every 20 trades is against my counterparty. I know my level at that time, and I am aware of the strength of my peers like Jump, Citadel, etc.—any market inefficiency you can think of has been completely squeezed out by us." He emphasized that retail investors might "get lucky for a few months," but the only way to make stable profits in the long term is straightforward: buy quality assets and hold them long-term, most likely index funds. If everyone does this, the professional trading industry will not be able to sustain itself. He concluded by writing: "The worst performer at the table.

PANews, November 27, reported that Aave founder Stani Kulechov stated that the UK's HM Revenue and Customs (HMRC) has released the tax consultation results regarding DeFi lending and staking activities, proposing a "No Gain No Loss (NGNL)" tax treatment suggestion, which means that when users deposit crypto assets into protocols like Aave, it is not regarded as a capital gains disposal. If this policy is legislated, it will greatly simplify the reporting burden for users and is seen as a significant victory for DeFi users. The Aave team participated in the consultation process and urged that this policy reflects the economic substance of on-chain interactions.

Stani.eth, the founder of Aave, stated that the consultation results from HM Revenue and Customs indicate that deposits made by users on Aave will not be regarded as a disposal for Capital Gains Tax purposes, which is a significant victory for UK DeFi users looking to borrow stablecoins. He emphasized support for this tax treatment and looks forward to it being reflected in the tax law soon.

Multiple Wall Street institutions predict that there is still room for a rise in the US stock market in 2026. Deutsche Bank, HSBC, and Morgan Stanley all expect the S&P 500 index target to be between 7500 and 8000 points, believing that policy support and earnings strength will continue.

ChainCatcher News, reported by The Block, the UK Chancellor of the Exchequer Rachel Reeves did not propose new tax increases on Crypto Assets in her latest autumn statement, maintaining the same tax treatment for crypto assets as other asset classes. However, the government is advancing stricter reporting and regulatory measures, including the upcoming implementation of the Crypto-Asset Reporting Framework (CARF) global tax transparency system in 2026. Industry professionals welcomed the entrepreneurial support measures but warned that the overall tax and regulatory environment in the UK could weaken its global competitiveness in the fintech and digital asset sectors. Experts are concerned that the lack of sufficient incentives could lead to high-growth fintech, AI, and

On Wednesday, Bitcoin saw strong buying pressure, with prices breaking the $90,000 mark, reaching a new high in nearly a week. A report from QCP Capital indicated that this rise was not driven by the fundamentals of crypto assets, but rather by an improvement in market risk sentiment. Bitcoin rose from an intraday low of $86,400 all the way up, increasing by 5.3% over the past 24 hours, nearing $91,500. Short sellers are caught off guard. According to Coinglass data, the amount of short positions closed in the past 24 hours reached $241 million, more than three times that of long positions. On Wednesday, the S&P 500 index rose for the fourth consecutive trading day, coinciding with Bitcoin's re-test of the $90,000 mark. Market expectations for a rate cut by the Federal Reserve in December are heating up, with CME FedWatch showing an 85% probability of a 25 basis point cut, while Myriad users predict it at 83%. Although some officials still oppose a rate cut, the overall macro atmosphere is favorable for risk assets.

In the past three months, FARTCOIN has fallen from $1 to below $0.3, causing retail investors to panic and sell, while whales have quietly increased their holdings. In the last week of November, this meme coin on Solana unexpectedly rebounded, rising nearly 100%, soaring from below $0.2 to $0.34, almost doubling from the monthly low of $0.18. On-chain data shows that this surge is not accidental. The Nansen report indicates that the total amount held by the top 100 FARTCOIN wallets has reached 689.62 million coins, accounting for approximately 69% of the total supply, with an increase of over 55% in the past 90 days. Since late August, whales have increased their holdings by more than 230 million coins, and even with the price falling, they are resolutely buying in, demonstrating a typical "smart money" strategy.

According to a report by Bloomberg, Do Kwon, co-founder of Terraform Labs Pte., stated that he should be sentenced to no more than five years in prison in the U.S. for his involvement in the fraud case related to the $40 billion collapse of the TerraUSD stablecoin in 2022. Do Kwon admitted to conspiracy and wire fraud charges in August and avoided trial after being extradited from Montenegro to the United States. Previously, he was arrested and convicted in Montenegro for using a forged passport while on the run. In the sentencing recommendation submitted later on Wednesday, Do Kwon's lawyer stated that although the prosecution agreed not to seek more than 12 years of imprisonment in the plea deal, this "far exceeds the sentence necessary to serve justice."

BlockBeats news, on November 27, according to Bloomberg, Terraform Labs Pte. co-founder Do Kwon stated that his sentence in the U.S. for participating in the 2022 $40 billion TerraUSD stablecoin collapse-related fraud case should not exceed five years. Kwon pleaded guilty to conspiracy and telecom fraud charges in August, thus avoiding a trial. He was previously arrested in Montenegro and convicted for using a fake passport as a fugitive from charges in South Korea, and was subsequently extradited to the U.S.

On-chain analyst Murphy pointed out that after the panic selling was cleared, BTC is experiencing a rebound, with the market focusing on the historical fair price line of $99,000. Although it currently faces short-term and long-term selling pressure, there is still an opportunity for a rebound.

BlockBeats news, on November 27, ARK Invest founder Cathie Wood stated that the current liquidity tightening impacting the artificial intelligence and Crypto Assets sectors will reverse in the coming weeks, and the market seems to agree with this view, noting that artificial intelligence is not in a bubble.

According to ChainCatcher news and Tether's official announcement, Tether will stop redeeming euros on all supported Blockchains on November 27, 2025. Tether had already stopped minting euro stablecoins in 2022. Tether CEO Paolo Ardoino stated that Tether's decision to reduce its scale in the eurozone is not a hasty move. However, before establishing a more risk-averse regulatory framework in Europe, which will first promote innovation and provide users with the stability and protection they deserve while avoiding potential systemic risks, we have chosen to prioritize other initiatives.

ChainCatcher news, according to Cointelegraph, Tom Lee stated in an interview with CNBC on Wednesday: "I believe Bitcoin is very likely to break 100,000 dollars by the end of the year, and it may even hit a new high." This is his first public softening of the $250,000 year-end Bitcoin price target he called for at the beginning of 2024 and early October. Nevertheless, Lee stated that the strongest period for Bitcoin may not come until the end of 2025.

The World Federation of Exchanges has sent a letter to the U.S. Securities and Exchange Commission (SEC), expressing concerns over the plan of crypto companies to sell "tokenized" stocks without regulation, stating that it may harm investor interests, and recommending that the SEC handle exemption applications with caution under the principle of protecting the market.

Odaily News The U.S. Department of the Treasury announced the index value pursuant to the emergency provisions of inflation-indexed bonds. In a press release, the Treasury stated that the index value for October 2025 is 325.604. For payment obligations tied to the CPI for October 2025, the Treasury will use this index value as the basis for calculations. Even if the U.S. Bureau of Labor Statistics (BLS) subsequently publishes the actual CPI for October 2025, the Treasury will not replace this index figure. (Jin10)

Odaily News Fed Beige Book: Most regions indicated that economic activity has basically not changed since the last report; however, two regions noted a slight decline in economic activity, and one region reported a slight rise in economic activity. (Jin10)

PANews, November 26 news, Vitalik responded to Twitter user nikete, stating that while the Ethereum network plans to increase the Gas limit and the costs of inefficient operations, the actual selection of transactions in the block is still entirely determined by market mechanisms, "not following the Bitcoin model." He emphasized that the total Gas amount in a block is set by validators' voting, and many validators will refer to core developers' suggestions, but the final transaction selection is still determined by the free market.

The encryption market maker Portofino Technologies is facing a wave of executive departures, with Chief Revenue Officer Melchior de Villeneuve and several other employees resigning one after another. The company has not responded to this matter, and the reasons for the departures involve personal privacy.

Odaily News Former New York Fed President Bill Dudley pointed out that the Fed's balance sheet reduction (QT) has reached its target and is about to stop. Further significant balance sheet reduction is operationally challenging and carries enormous risks, yielding minimal benefits. Further balance sheet reduction does not create conditions for significantly lowering short-term Intrerest Rates, and has little impact on the tightness of monetary policy. The scale of the Fed's balance sheet has dropped from a peak of $8.97 trillion on April 2022 to $6.56 trillion. This is because the Fed had previously purchased a large amount of U.S. Treasuries and agency mortgage-backed securities to support the economy during the COVID-19 pandemic, and has now sold off a significant portion of them. This move has made the supply and demand for reserves more balanced. (Jin10)

American banks are cautious about the stock market, expecting the S&P 500 index to reach 7100 points by 2026, but with weakened Liquidity support, market fluctuations will be between 5500 and 8500 points. Profit growth and market returns may not be synchronized, so follow the market changes in artificial intelligence and consumer goods.

PANews, November 26 - Aptos ecosystem's native enhanced yield infrastructure Goblin Finance officially launched its core product GoAPT today, aiming to build a yield infrastructure for Aptos that focuses on real strategy profit sharing. Unlike traditional LSTs that only map the basic staking APR, GoAPT not only retains about 6.5% of the network's basic yield but also incorporates a strategy treasury.

Odaily News Aztec announced on the X platform that its Token AZTEC public sale has not yet started, and 2000 ETH has been invested in the pre-bidding stage. The public sale will take place on December 2.

PANews November 26 news, analyst Murphy pointed out that based on current data observations, it is not difficult for BTC to return to $90,000, as $90,000 is not a strong resistance level. The average cost of short-term holders shows that BTC may only encounter significant selling pressure when entering the range of $92,000 to $99,000. At the same time, data from the options market shows that the Call activity at the $92,000 strike price is significantly higher than at $90,000, especially the selling Calls at $92,000 far exceed those at $90,000, which will lead to the formation of strong resistance in the market. Murphy emphasized that the key battle for BTC above $92,000 is the core area that determines the trend, especially close to the $98,000 position, which is the "fair price" line for BTC over the past decade. However, recent market confidence has been undermined due to a large amount of realized losses, making it difficult to form effective buying power in the short term. The future trend of BTC still needs to pay attention to market sentiment and resistance.

PANews, November 26 news, JPMorgan has launched a structured note linked to BlackRock's Spot Bitcoin ETF (IBIT), which aligns with Bitcoin's four-year Halving cycle. If IBIT reaches or exceeds the set price by the end of 2026, investors will receive a guaranteed minimum return of 16%; if the price is below the set value, the note will extend to 2028, providing potential amplified return opportunities. The notes provide a certain level of downside protection. If IBIT does not decline more than 30% by 2028, investors can recover their principal; if the decline exceeds 30%, the loss will be proportional to the decline. This product is suitable for investors who are optimistic about the cyclical trends of BTC, but it is important to be aware of the associated risks.

ChainCatcher news, Monad ecosystem FastLane announced that its TVL has exceeded 100 million USD within 48 hours. This data is related to the adoption progress of its liquid staking Token (LST) protocol "shMonad". According to the protocol design, staking rewards will be distributed to Monad Nodes, DeFi applications, and validators. FastLane will advance the migration of nodes from Testnet to Mainnet and plans to integrate with multiple DeFi protocols. Specific technical details and timeline have not yet been fully disclosed.

He Yifa emphasized in his article that the world is a positive-sum game, and the transformation in the encryption field will challenge the interests of traditional institutions, which will do their utmost to protect themselves. Historical development will not stagnate due to opposition; the choice of users lies with individuals, and criticism only shows that opponents are at a loss.

The first week of Monad's launch on the Mainnet was not entirely smooth, as users are now reporting forged ERC-20 Token transfers after the Mainnet went live. On Tuesday, November 25, the day after the Mainnet launch, reports of a large-scale scam began to circulate. Monad co-founder and CTO James Hunsaker issued a warning on X that scammers are spreading false ERC-20 transfer information that appears to be from his Wallet.

Robinhood Markets and Susquehanna Group have reached an agreement to acquire 90% of the regulated exchange LedgerX from Miami International Holdings. The parties plan to operate LedgerX as an independent exchange through a new joint venture, with Robinhood serving as the majority shareholder. Miami International Holdings will retain a 10% strategic stake. The specific financial terms of the transaction have not been disclosed. LedgerX was once part of the defunct cryptocurrency exchange FTX. Miami International acquired LedgerX from FTX's bankruptcy estate for $50 million in 2023 and incorporated it into its operations.

Odaily News Tom Lee stated that the fall of ETH and BTC is a result of human manipulation of liquidation, rather than a fundamental collapse. This viewpoint comes from market timing expert Tom DeMark, who has previously consulted for Goldman, Citi, and Paul Tudor Jones. DeMark believes that the ideal bottom for ETH is around 2500 dollars, but a reversal may occur sooner.

Polygon co-founder Sandeep Nailwal stated that user feedback indicates MATIC Token is more popular than POL, but since the user migration has been completed, he tends to keep the current POL code. He is very interested in users' opinions, but also not sure if the exchange will agree to revert back to MATIC.