U.S. stocks remained weak during midday trading, with the Nasdaq 100 Index falling by 2%. Crypto-related publicly traded companies generally came under pressure, with some like Circle and BitMine Immersion dropping more than 6%. Concerns about cryptocurrency publicly traded companies intensified, and overall performance was poor.

【比推】渣打银行最近给出了一份有意思的黄金价格预测——他们看好2026年这个年份。按照他们的估算，明年全年黄金均价能站到4488美元/盎司，到了第四季度更是有望冲到4750美元/盎司。这意味着什么呢？传统资产在升值，而这往往会对加密市场的风险偏好产生连锁反应。当贵金属价格创新高时，通常反映了市场对通胀或地缘风险的担忧在加剧，这时投资者的配置策略也会随之调整。所以这份预测值得密切关注。

Asia Launches the Largest Tokenized Money Market Fund, Involving HKD, USD, and RMB, Allowing Investors to Achieve Transparent and Real-Time Stable Returns via Blockchain. The project is based on Solana, demonstrating its importance in the integration of traditional finance and Web3, which will drive the migration of financial products to the blockchain and improve liquidity.

【Blockchain Rhythm】 Regarding the handling details of the Upbit hacking incident, there has recently been new public debate.
A leading exchange issued a statement denying the reports by Korean media about its slow response. The exchange's security team stated that they detected the anomaly immediately and promptly initiated a freeze process to assist Korean police, so there was no issue of "insufficiently proactive" action.
However, this contradicts the account from Korean media outlet KBS. According to KBS's disclosure, after Korean police discovered on the morning of November 27 that some stolen funds were flowing to a leading exchange, they requested to freeze approximately 470 million KRW worth of Solana tokens. What was the result? The leading exchange only froze 17% of the requested amount—about 80 million KRW—citing "the need for further verification," and it was nearly 15 hours late in completing the freeze and notifying the authorities.
This comparison does seem a bit awkward.
Returning to the incident itself. On November 27,

A Bitcoin whale that had been dormant for three years recently deposited 200 Bitcoins into an exchange, with unrealized gains exceeding $27.03 million. Its act of purchasing at a higher cost has attracted market attention, and analyzing its motives for taking action has become a hot topic.

On the Ethereum blockchain, the USDC Treasury burned nearly $78.9 million worth of USDC, reflecting adjustments in the stablecoin supply. This move has attracted market attention and may indicate a decline in demand or proactive regulation by the issuer. Its impact should be monitored continuously in the future.

【Crypto World】Solana's ecosystem has entered a new phase. At the recent ecosystem conference, the three-year-developed Firedancer client finally launched on the mainnet, which is seen as a major breakthrough in performance. Meanwhile, asset-side innovations are also underway—Hex Trust launched a 1:1 wXRP wrapping product, and Pyth Network initiated a monthly PYTH buyback plan, all contributing to liquidity and asset diversity in the DeFi ecosystem.
What’s more noteworthy are the actions at the institutional level. Figure submitted its second IPO application, planning to issue equity natively on Solana, indicating that traditional financial assets are truly entering the on-chain world. JPMorgan arranged for Galaxy

Ethereum confirmed the key plan for the Glamsterdam upgrade and removed the FOCIL feature at the 171st core developer meeting. The Fusaka upgrade has been successfully deployed, further optimizing Layer 2 cost structure. The meeting also discussed several technical proposals, and the team is planning for next year's Heka upgrade, demonstrating the Ethereum community's professionalism and commitment to continuously optimizing network performance.

【Crypto World】Grvt recently launched Builder Codes, which gives developers new ideas — you can build your own terminals, tools, and applications based on Grvt's underlying matching and settlement system. The key is that you can also continuously earn dividends from the order flow. This way, Grvt can focus on perfecting the core matching and settlement, while ecosystem partners can innovate on the same technical platform, each creating their own features without blocking each other.
To provide a better environment for developers, Grvt is based on ZKsync

MetaDAO co-founder Proph3t proposed building a true ownership mechanism through "ownership tokens" at the Solana Breakpoint conference, involving governance, market supervision, and legal structure design to ensure liquidity and legal protection, address the pain points of traditional DAOs, prevent behind-the-scenes manipulation, and is worth paying attention to.

A certain DeFi smart agent platform experienced airdrop program disruption due to operational errors and DDoS attacks. The claiming function was delayed by 20 minutes, and approximately 1,100 users encountered wallet creation lag. Although the team promptly restored the system, the platform's token price plummeted by about 80%, severely impacting investor confidence.

【Blockchain Rhythms】Abu Dhabi BNB Hackathon featured an interesting conversation. CZ and Natsuki, founder of DragonVerse, met and discussed the development potential of culture and IP on the blockchain. It doesn't seem like just casual talk; CZ expressed his expectations on the spot, even openly saying "Welcome IPs like Dragon Ball to BNB Chain."
Afterward, the official BNB Chain account posted a photo of the conversation between the two and retweeted Natsuki's tweet with the comment "Just keep building." Nina Rong (BNB Chain Growth Executive Director) and the official Chinese-language account also showed their support. Their actions are quite significant.
Subsequently, DragonVerse launched a buyback and dividend system driven by Dragon Ball IP royalties. Even more interesting, they announced the second Dragon Ball series IP rights.

【ChainWen】Bitcoin's recent price movements have attracted the attention of many analysts. From a technical perspective, the market has formed a clear bear flag pattern. Analyst Roman's downside target is $76,000, and in more extreme cases, it could even reach the $50,000 level.
Looking at the rebound, Bitcoin did indeed recover after bottoming out around $80,000, but its performance within the upward channel has not been ideal, as it has failed to effectively break through key resistance levels. This indicates that market momentum is insufficient and there is a lack of strong buying support. Roman believes that this bull market may be approaching its end. He compared it to data from 2022: at that time, Bitcoin rebounded 750% from a bear bottom of $15,600, but the current rally is not as explosive as that bull run. Technical indicators like RSI on longer timeframes are also showing bearish signals, further confirming his judgment.
However, there are differing opinions. Trader Luca

【Crypto World】After analyzing SOL on the 4-hour chart, I found some interesting things.
The price rebounded after the correction wave at midnight on December 11th, started to rally at 16:00, directly breaking through the previous high of 20, forming a large bullish candle. However, although the last candle is also bullish, the trading volume has obviously shrunk—it's still rising, but the buying momentum can't keep up, making this upward push somewhat虚虚。
From a technical perspective: the MACD histogram is still below the zero line. The good news is that the negative value is narrowing, indicating that the bearish pressure is weakening; the KDJ has dropped to 7 in the oversold area, theoretically ready for a rebound at any time. But we should be cautious of volume-price divergence; rising prices with declining volume often signal a top.
If I were to take action, here's how I would view it:
For aggressive entry, watch the recent low at 129.39; for a more conservative approach, wait for a pullback to the 128 level. Set the stop loss below 128.74—don't hesitate. The initial target is the previous resistance at 141. If it breaks through that, then the high at 142.1 can be considered.

【Chain News】The incident involving Upbit being hacked at the end of last month has some interesting developments. Korean police and Upbit contacted a major exchange on the morning of November 27, saying they traced approximately 470 million KRW worth of Solana tokens flowing into their platform and hoped to freeze these assets.
What was the result? The other party only froze about 17%, roughly 80 million KRW. The reason given was the need for further verification—this response wasn’t very quick, as it took nearly 15 hours from the request to the confirmation of the freeze, reaching the early hours of the 27th.
Media asked why only part of the assets were frozen and why the process was so slow. The exchange’s response was quite official: "We cannot disclose details of the ongoing investigation, but we will continue to cooperate with relevant parties following compliance procedures."
This incident actually highlights the complexity of cross-border asset tracking. On-chain transfers are quick, but the risk control measures of different platforms...

【Crypto Rhythm】From last night to this morning, the market overall remained stable, but there were some sharp fluctuations during a few time periods. Interestingly, several large whales chose to increase their positions at this critical juncture.
The mysterious player known within the community as the "BTC OG Insider Whale" added another 60 million USDC to his account last night. This time, the operation was very straightforward—opened long positions in both BTC and SOL, with ETH being continuously increased. Currently, his BTC long position is approximately $91.83 million, with an average cost price around $91,500; his SOL holdings amount to about $13.63 million, with an average price of $135.
However, this veteran has recently been controversial. Someone uncovered that, eight days before publicly calling for longs, he quietly unstaked his ETH holdings. This move has led many to question—are the so-called "transparent longs" genuinely optimistic, or is there another plan behind?
On the other side, "Maji's" operations are even more

CryptoQuant's CEO stated that meme coins have completely cooled off, with market share dropping from over 0.1 at the beginning of 2025 to 0.04 now, indicating a sharp decline in market enthusiasm, significant withdrawal of funds, and a substantial reduction in speculative opportunities.

【BitPush】Sei officially posted a statement on social media, specifically explaining the details of the collaboration with Xiaomi.
Focusing on three points: this time, the main goal is to pre-install Sei-based financial applications on Xiaomi smartphones, making it easier for mobile users to access Web3. However, don’t misunderstand—Xiaomi currently will not directly support cryptocurrency payments or stablecoin functionalities.
As for the exclusive features developed based on Sei? The official says they will be launched gradually, so let's wait and see. It seems this collaboration is more of an entry-level layout, with the real big moves still to come.