According to Jinse Finance, Hasu, Lido's strategic advisor and Flashbots' strategy director, commented on Vitalik's call to establish an on-chain gas futures market on the X platform. He stated that the market lacks natural short sellers: a large number of users are inherently exposed to gas costs (short) and wish to hedge, but almost no one in the market is willing to take the long side on gas, so liquidity may be insufficient, making it difficult to form a meaningful market size. In response, Vitalik suggested that the protocol itself could act as the market's short seller, that is, by auctioning future base fees on-chain.

Decentralized finance (DeFi) protocol Firelight has announced the launch of a new XRP staking feature, providing on-chain risk protection for DeFi protocols while offering additional returns for XRP holders. This mechanism is supported by Flare Network and developed by Sentora, aiming to enhance DeFi security and address the industry's longstanding challenges of hacks and vulnerability losses. According to the introduction, XRP users can stake their tokens on Firelight and receive tradable ERC-20 tokens called stXRP. stXRP can be used within the Flare ecosystem and also represents the user’s participation in the Firelight insurance pool, serving as a source of risk protection for DeFi protocols. In recent years, hacks have resulted in billions of dollars in losses annually, and Firelight’s insurance pool mechanism provides protocols with a form of “on-chain insurance” protection.

21Shares has submitted a revised Dogecoin ETF application to the U.S. Securities and Exchange Commission (SEC), confirming the management fee and disclosing additional details. This spot Dogecoin ETF is expected to join the ranks of Grayscale (GDOG) and Bitwise Dogecoin ETF (BWOW), further driving up the price of Dogecoin. According to the latest filing, 21Shares has amended its S-1 document for the fifth time, confirming a management fee of 0.50%, which accrues daily and is paid weekly in the form of Dogecoin (in arrears). The document also retains a delayed issuance clause, which may take effect after submitting the 8(a) application, but no fee waiver information has been disclosed at this time.

The prediction market giant Kalshi, valued at $11 billion, recently launched tokenized betting contracts on the Solana blockchain. Users can now buy and sell event contracts for the U.S. elections, sports events, and more on-chain, participating in the prediction market in the form of tokens. Kalshi's crypto head, John Wang, stated that this move aims to leverage the liquidity of crypto users and allows third-party developers to build new front-end interfaces, utilizing Kalshi's existing liquidity pools. The DeFi protocols Jupiter and DFlow will also connect Kalshi's order book with Solana on-chain trading, providing users with greater privacy protection and enhancing competitiveness against rivals such as Polymarket.

Bitcoin is fluctuating between $83,000 and $95,000, still in the bull run pullback phase. Analysts believe that the price will not rise strongly before 2025, but will struggle to form a bottom. If it falls below $75,000, the forecast will be invalidated, which could lead to a deeper fall.

BlockBeats news, on December 2, the Japanese government launched its own version of the "Government Efficiency Department" (DOGE), setting a plan in its first meeting aimed at identifying and eliminating inefficient tax measures and subsidies. After the first DOGE meeting, Finance Minister Shunichi Suzuki told reporters on Tuesday: "By eliminating waste through the efforts of everyone, including the public, and directing funds to areas that truly need them, we will form a sharp contrast to previous administrations. This is crucial for maintaining trust in the nation, in our currency, and in the market." Shunichi Suzuki also mentioned that she believes there is no discrepancy between the government's and the Bank of Japan's assessments of the economy, after Bank of Japan Governor Kazuo Ueda expressed confidence in the economic outlook and hinted at possible interest rate hikes. Japan's Economic Growth Strategy Minister Minoru Kiuchi reiterated these comments verbatim, indicating that this response has been vetted by the Cabinet.

Odaily News Solana officially announced a deep collaboration with Kalshi, where all of its prediction markets have now been fully tokenized and deployed on the Solana blockchain in the form of native tokens. With the concurrent liquidity protocol (CLP) developed by DFlow, users can submit on-chain limit orders, which liquidity providers execute asynchronously, bridging Kalshi's off-chain liquidity to the on-chain environment and supporting multiple stablecoin redemptions. Meanwhile, Kalshi has launched a developer grant program totaling over $2 million, aimed at encouraging emerging applications to integrate this on-chain functionality. According to CNBC, this move targets the $3 trillion crypto asset market, aiming to attract high-frequency trading crypto users, further enhancing platform liquidity and pricing accuracy, while also opening up space for developers to build third-party front-end integrations and strengthening transaction privacy protection. Ax

ChainCatcher news, Nasdaq-listed company Massimo announced that its board has approved the inclusion of Bitcoin (BTC) in the company’s long-term treasury reserve strategy and has begun preliminary purchases. Subsequent holdings information will be disclosed in the 8-K form submitted to the U.S. Securities and Exchange Commission (SEC). The company stated that it will invest no more than 10% of its total assets in BTC over the next five years.

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.

Odaily News The ETF Store President Nate Geraci posted on the X platform that the Chainlink Spot ETF is expected to launch this week. Grayscale will be able to convert or upgrade its Chainlink private sale trust to ETF form.

PANews reported on November 30 that the People's Bank of China recently held a meeting of the coordination mechanism for combating virtual money trading speculation. At this meeting, financial regulatory authorities defined stablecoins for the first time, clarifying that stablecoins are a form of virtual money. Currently, they cannot effectively meet the requirements for customer identification, AML, and other aspects, and there is a risk of being used for money laundering, fundraising fraud, and illegal cross-border fund transfers. The meeting reiterated the need to continue cracking down on illegal financial activities related to virtual money. However, industry insiders believe that this meeting will not affect the layout of stablecoins in Hong Kong, but speculation on stablecoins in mainland China will be severely suppressed. Moreover, relevant entities in the mainland will see their scope for future stablecoin layouts in Hong Kong shrink significantly, being more limited to practical application scenarios such as cross-border payments and supply chain finance.

Odaily News Ethereum founder Vitalik Buterin stated that memes and emojis are driving the English language towards a more "pictographic" evolution. English social media has even begun to form highly abstract expressions similar to Chinese idioms. He used the meme "leopard eats human face" as an example, saying that these types of memes no longer require text and can represent complex contexts with just an image, becoming emerging "deep meaning symbols" in the English system.

Odaily News CBB published an article on platform X, pointing out that the project party's reasoning of "avoiding short-term flipping" to raise funds at a valuation of $1 billion while in an unlocked state is a form of "self-deception." CBB stated that the reasonable approach for an ICO should be to raise funds at a lower FDV and allocate tokens to true core users and contributors, rather than creating an overvaluation structure that causes the project to lose a healthy token circulation foundation early on.

Keone Hon, the founder of Monad, responded to Arthur Hayes' criticism by stating that Hayes did not provide specific comments and pointed out that his investment projects also have Lock-up Position tokens. He believes that the current Blockchain is still evolving and cannot be in its final form.

BlockBeats news, on November 30, the dYdX community passed a new proposal for the 'Liquidation Rebate Pilot Program', which will start a one-month pilot program on December 1, 2025. This program will provide rewards in the form of points and rebates to traders who have experienced liquidation events, with a maximum of up to $1 million.

Golden Finance reports that on November 28, 2025, the People's Bank of China held a coordination meeting to combat the speculation and trading of Virtual Money. The meeting emphasized that Virtual Money does not have the same legal status as legal tender, does not have legal compensation, and should not and cannot be circulated as money in the market. Activities related to Virtual Money are considered illegal financial activities. Stablecoins are a form of Virtual Money that currently cannot effectively meet customer identification, anti-money laundering, and other requirements, posing risks of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers. (People's Bank of China website)

The Philippine Digital Asset Exchange (PDAX), Saison Capital, and Onigiri Capital jointly released the White Paper "Project Bayani: Opportunities for Asset Tokenization in the Philippines" today, pointing out that the potential for the Philippines to transform its Capital Market through asset tokenization is as high as $60 billion. The report depicts a future scenario where millions of Filipinos already using mobile Wallets and Crypto Assets will leapfrog traditional finance stages to hold investment products such as government bonds, stocks, and mutual funds in tokenized form.

Odaily News According to market news: Grayscale has submitted S-3 form to the SEC to apply for Zcash ETF.

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.

Delphi Digital analysts have analyzed the trends of BTC and believe it may form a bullish or bearish structure. A bullish scenario requires a breakout above $103,500, while a bearish scenario could form lower highs below that point. The dominance of USDT has broken through a long-term downtrend, with a contraction in supply reflecting market uncertainty.

Franklin Templeton has joined 21Shares and has submitted its final application to the SEC for the upcoming launch of its Solana ETF fund. Previously, its XRP ETF fund successfully listed on the New York Stock Exchange on Monday. This asset management company has submitted its planned Solana fund's Form 8-A to the SEC. This is typically a necessary step before a product is launched. Generally, exchanges will begin trading such securities on the first trading day after the form is approved. Therefore, Franklin's Solana product is likely to be launched soon.

Gate News Bot reported that on November 26, according to CoinMarketCap, as of the time of writing, LAYER (Solayer) is currently priced at 0.26 USD, having risen 17.82% in the last 24 hours, with a high of 0.35 USD and a low of 0.18 USD. The 24-hour volume reached 71.2 million USD. The current market capitalization is approximately 82.2 million USD, an increase of 12.4 million USD compared to yesterday. Important news about LAYER recently: 1️⃣ **Solayer Labs launches its first ambassador program** Solayer Labs officially launched its first ambassador program, primarily targeting hardware enthusiasts, TPS optimization advocates, and cryptocurrency scalability supporters. The program accepts applications through an online form, where applicants need to provide personal experience in content creation, meme production, or community involvement.

Gate News Bot news, on November 26, according to CoinMarketCap data, as of the time of writing, KAITO (KAITO) is currently priced at $0.75, having risen by 13.20% in the last 24 hours, reaching a high of $0.82 and a low of $0.62, with a 24-hour volume of $89.90 million. The current market capitalization is approximately $181 million, an increase of $21.10 million compared to yesterday. Important news about KAI recently: 1️⃣ **Talus Network Airdrop Plan Stimulates Ecosystem Participation** Talus Network announced the launch of an LP-based airdrop mechanism, which will be distributed to various users in the form of yUS tokens, including active Kaito users and stakers. Pre-registration opened from November 24 to 28, and this initiative is expected to enhance the Kaito ecosystem.

Golden Finance reported that asset management company VanEck stated in its latest S-1 filing submitted to the U.S. Securities and Exchange Commission (SEC) that its BNB ETF will no longer offer staking options. The ETF will not use its BNB for staking activities upon listing, and thus will not receive any form of staking rewards or income from staking activities. VanEck admitted that the cancellation of the staking option may lead to the ETF's performance lagging behind that of holding BNB.

According to the Gate News bot, in the latest announcement from the platform, Gate has delisted the trading markets for 20 tokens including PSUB and PCNT. The tokens involved in the delisting include PSUB, PCNT, BP, NRV, VELAR, PRT, VELAAI, UBXS, BTCST, BBQ, CSAS, VVAIFU, PUNDU, VMPX, INV, MUSIC, CANTO, ACENT, TSUGT, and LAY3R, and the corresponding USDT trading pairs have all stopped trading. Gate has completed the Token buyback for eligible users who submitted the form, and the related buyback amount has been credited to the users' accounts. Users can continue to use Gate as a wallet to store assets for these coins, and the specific delisting time for wallet functions will be announced separately.

ChainCatcher news, Solayer Labs announced the official launch of its first ambassador program, which is primarily aimed at hardware enthusiasts, TPS optimization advocates, and supporters of crypto scalability. Solayer Labs welcomes all interested individuals to submit applications through the online form, which should include personal experiences in content creation, meme production, or community participation. Selected ambassadors will enjoy the following rights: direct access to the core team and partners, opportunities for feedback on new products, and official support for innovative initiatives.

New Zealand has confirmed that from 2026, financial literacy will become a compulsory subject for all students in grades 1 to 10. Education Minister Erica Stanford announced that this reform will be included in the updated social sciences curriculum and will be implemented in all schools by 2027. This decision stems from a study by the retirement committee, which shows that currently only 25% of students have received any form of financial education. Finance Minister Nicola Willis stated that the lack of basic financial knowledge leads to poor debt management among young people.

PANews, November 25 news, the Talus Foundation announced on the X platform that it will launch an LP-based Airdrop mechanism. Talus will airdrop liquidity positions that can generate yield in the form of yUS Token. yUS is a Fungible Token that encapsulates automated liquidity provision strategies for the US-USDC trading pool on the Momentum DEX through the NODO AI vault. The Talus Token Generation Event (TGE) community airdrop participants include Tally NFT holders (snapshot EDT time November 17 at 10:00), participants from the community center (top 500 ranked in seasons 1, 2, and 3, and holding the Talizen Discord role), participants of the Korea Blockchain Week (KBW) event, Talus.

Foresight News reports that the Talus Foundation has announced that registration for the Talus Airdrop is now officially open. This Airdrop will be distributed in the form of yUS Token to Tallys NFT holders, community center participants, KBW event participants, Kaito Yappers, and Kaito.

ODOS is about to launch the Solana Beta, and users can fill out a form to apply to become early testers to evaluate the product's performance. Over 30,000 Wallet registrations were attracted within two hours of opening, with registrations closing on December 1, 2025.

PANews November 20 news, according to the official announcement, Gate will fully refund users participating in BOB Launchpad, and will distribute a random amount of GT Airdrop to all users who successfully participated in the first phase of Gate Web3 Launchpad. Users who complete KYC verification through Gate will automatically receive an Airdrop; users who complete KYC verification on the Web3 Launchpad homepage can submit their GT receiving address or Gate UID via the official form before November 27 at 00:00 (UTC+8). After users submit their information, Gate will complete the Airdrop distribution within 3 working days. Gate always prioritizes users and will continuously optimize the participation experience of the Web3 Launchpad to bring users more quality projects.

According to the Gate News bot message, the announcement from the Gate platform on November 14, 2024. Gate will optimize the platform's ETF leveraged tokens and has decided to delist the two leveraged tokens AIA3L and AIA3S. The platform will suspend trading of these tokens on November 21, 2025, at 14:00 (UTC+8). The system will repurchase at the net value of the tokens at the time trading stops and return it to users in the form of USDT within 7 working days.

PANews, November 20 news, the hybrid public chain project BOB (Build on Bitcoin) announced on X that it will hold its TGE on November 20, Eastern Time, and for the first time publicly disclose the $BOB Token economic model on its official blog. The total supply of tokens will be 10 billion coins, which will be minted on the BOB hybrid chain and presented in the form of ERC20 tokens. The distribution rules are as follows: 50.91% of the $BOB Token is allocated to the BOB community and ecosystem: initial subscription (4.15%), community public sale (2.00%), and ongoing ecosystem and community incentive programs (44.76%); 10% of $BOB has been allocated to the BOB Foundation to fund research and development initiatives aimed at expanding and improving BOB products, distribution, and technical design. Approximately 20.09% of $BOB Token is allocated to provide

Odaily News Cypherpunk Technologies Inc. (Nasdaq: CYPH) announced that the company has again invested $18 million to acquire 29,869.29 ZEC (Zcash), with an average bid price of $602.63. In addition to the previously purchased ZEC for $50 million, Cypherpunk's total holdings of ZEC have reached 233,644.56, with an average holdings cost of $291.04. This acquisition brings the company's total ownership ratio in the Zcash network to 1.43%. Cypherpunk focuses on privacy and self-sovereignty, believing that Zcash is "a form of digital privacy asset" and is a response to

On-chain data analyst Murphy pointed out that the percentage of profitable BTC supply has fallen below 70%, resulting in nearly 30% of chips at a loss. After excluding long-term inactive BTC, the expected loss ratio exceeds 40%. History shows that after experiencing similar situations, a rebound can occur, but the market has too many chips, making it difficult to form a pump trend.

Gate News bot message, according to the platform's latest announcement: The cryptocurrency exchange Gate has announced the delisting of trading markets for 22 tokens, including MNEMO, FTON, KOAI, NET, BD20, SEAT, UMB, LAMBO, BCMC, PYN, SASHIMI, BDIN, AIVA, FAKEAI, GARD, AVAXAI, AIFUN, SENATE, KEY, ZELIX, IDEA, and TENET. Gate has indicated that it has completed the repurchase of relevant tokens for users who meet the criteria and have submitted the form, and the repurchase amount has been credited to the user accounts. The USDT trading pairs for these tokens have all been delisted, but users can still use Gate as a wallet function to store assets for these currencies.

Gate News bot message, according to the Gate announcement on November 17, 2023: Gate has launched a new 7-day fixed-term financial product for SOL tokens, with an annualized yield of up to 14.9%, which includes an additional 10% annualized return bonus. The new product will offer a total of 750,000 PLAYSOLANA tokens as an additional reward. This reward will be distributed on a first-come, first-served basis and will be issued daily in the form of PLAYSOLANA tokens to eligible users. PLAYSOLANA is a Web3 gaming platform built on Solana, dedicated to creating a super hub that integrates hardware, games, and brand IP, combining GameFi and DeFi functionalities to provide users with gaming, construction, and earning opportunities.

Gate News Bot news, on November 17, according to CoinMarketCap data, as of the time of writing, SOL (Solana) is currently priced at $140.32, falling 0.59% in the last 24 hours, with a peak of $171.61 and a low of $134.97. The 24-hour volume reached $5.054 billion. The current market capitalization is approximately $77.783 billion, a decrease of about $465 million compared to yesterday. Important recent news about SOL: 1️⃣ **Institutions remain optimistic, ETF products attract significant capital** VanEck has submitted Form 8-A to the U.S. Securities and Exchange Commission (SEC) for its Solana spot ETF, signaling that the product is about to be launched. The Solana ETF has recorded net inflows for 12 consecutive days, totaling $369 million. This reflects institutional investors' ongoing optimism about SOL.

BlockBeats news, on November 15, CryptoQuant analyst CrazzyBlockk stated that the Bitcoin market is heavily influenced by the profitability of new entrants, who represent new funds and liquidity. When this group of investors realizes profits, market confidence is strengthened, and the dynamic upward trend can continue. When short-term holders face losses of 20%-40%, it often triggers panic selling. In the past, this degree of pain marked the market entering a full capitulation phase. However, regarding the current extent of losses for this group, it is still far from a typical Bear Market signal. If new entrants can realize some profits, market support will gradually form, and this pullback is more likely to become a "mid-cycle correction" rather than the beginning of a Bear Market.

Gate News bot message, according to the Gate announcement on November 14, 2025: Gate has launched a limited-time GUSD minting task event, which will take place from November 14, 2025, 15:00 to November 28, 15:00 ( UTC+8 ). During this period, users with a net deposit of no less than 5,000 USDT equivalent can participate in GUSD minting and enjoy an annualized return of up to 50%. GUSD is a principal-protected liquid financial product, allowing users to mint it using USDT/USDC at a 1:1 ratio. The product's returns come from the revenue of the Gate ecosystem, government bonds RWA, and high-quality yield assets supported by stablecoins. During the holding period of GUSD, users can not only earn the basic minting returns but also enjoy additional investment returns by participating in financial products such as Launchpool and Launchpad. Users can mint GUSD daily from 00:00 to 23:59 ( UTC ). Earnings will begin to accrue from the day after the subscription and will be distributed in GUSD form before 18:00 the following day. Redemption methods include quick redemption with a fee of 0.1% ( and standard redemption with a fee of 0.05% ).

PANews, November 14, news from Cryptopolitan, the well-known ETF issuer VanEck has submitted Form 8-A to the U.S. Securities and Exchange Commission (SEC) for its Solana Spot ETF, a document that typically indicates that the product is about to be launched. This form is usually submitted shortly before the launch of a new asset. This submission follows the S-1 form submitted at the end of October.

According to BlockBeats news on November 13, as reported by Cointelegraph, Emory University increased its holdings in the Grayscale Bitcoin Trust to over 1 million shares, valued at approximately $51.8 million, according to the quarterly 13F form submitted to the SEC on Wednesday. Since the second quarter, the university has doubled its holdings in the Bitcoin ETF, adding 487,636 shares, valued at around $25 million.

Gate News Bot message, November 11th, according to CoinMarketCap data, XRP (XRP) is currently trading at $2.52, up 5.04% in the past 24 hours, with a high of $2.58 and a low of $2.08. The 24-hour trading volume is $6.38 billion. The current market capitalization is approximately $151.498 billion, an increase of $7.276 billion from yesterday. Recent important news about XRP: 1️⃣ **21Shares submits XRP spot ETF application** 21Shares has submitted a Form 8(A) for a XRP spot ETF to the U.S. SEC, which will undergo a 20-day review period. This move marks another well-known asset management company entering the XRP spot ETF competition, potentially attracting more institutional investors' attention and participation.

Banmu Xiao pointed out that Bitcoin has been in a sideways pattern since August. The current Wave C may be the final wedge, and there is a high risk-reward shorting opportunity between $108,500 and $110,000. If it drops to $95,000, a Y-wave rebound could begin, with a target of over 0.7 for a long opportunity.

Gate News Bot message, November 10th, according to CoinMarketCap data, XRP (XRP) is currently trading at $2.39, up 4.76% in the past 24 hours. The highest price reached $2.39, and the lowest dropped to $2.08. The 24-hour trading volume is $3.307 billion. The current market capitalization is approximately $143.523 billion, an increase of $6.517 billion from yesterday. XRP is currently ranked 4th in the cryptocurrency market capitalization rankings. Recent important news about XRP: 1️⃣ **21Shares submits XRP spot ETF application** 21Shares has submitted a form 8(A) to the U.S. SEC for a XRP spot ETF. The application will undergo a 20-day review period. This move marks the entry of another well-known asset management company into the XRP spot ETF competition.

Golden Finance reports that LINEA has announced that the token burning mechanism has officially launched on the X platform. After this, every transaction on the LINEA will burn ETH and LINEA, directly reducing the token supply to implement deflation. All gas fees on LINEA are paid in ETH and collected through the fee contract. After deducting infrastructure costs, the remaining funds will be 100% burned, including 20% burned in the form of ETH and 80% converted to LINEA and burned on L1. In addition, the data tracking function for burned tokens has also been launched.

Odaily News Timefun announced that it will gradually shut down its existing creator Token platform, and the platform will only retain fund withdrawal and asset transfer functions in the future to complete the transition to a new product form. Timefun founder Kawz stated that the new application will completely abandon the creator Token model and instead build a next-generation social platform based on encryption technology. He pointed out that although the team still sees long-term potential in creator Tokens, the current market user activity and transaction demand are obviously insufficient, making it difficult for the model to support the sustainable development of the product. Kawz further stated that the new social platform will be designed around "on-chain identification and social incentives," aiming to allow users to naturally generate on-chain assets and credit systems during social interactions, rather than relying on speculation-driven token issuance. "We believe that social is the long-term mainline of encryption, and Timefun's new chapter will focus on building real relationships and