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DePIN

DePIN utilizes blockchain and token incentives to build and maintain physical infrastructure, such as wireless networks, cloud storage, and energy grids.By decentralizing the ownership of hardware, projects like Helium and Hivemapper disrupt traditional centralized monopolies.In 2026, DePIN is a core pillar of the Web3 + AI economy, providing the decentralized compute and data collection necessary for autonomous agents. This tag tracks the growth of hardware-based rewards, crowdsourced infrastructure, and the democratization of global utility networks.

1514 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
IOG, Emurgo & CF Unite on 70M ADA Plan to Power Cardano’s DeFi Future

IOG, Emurgo & CF Unite on 70M ADA Plan to Power Cardano’s DeFi Future

Cardano’s ₳70M proposal targets five major gaps holding back DeFi and institutional scaling. Without stablecoins, custody, oracles, bridges, and analytics, Cardano risks falling further behind rivals. A new budget proposal requesting ₳70 million from the Cardano Treasury has been officially submitted. It introduces a joint initiative led by Input Output Global (IOG), EMURGO, the Cardano [...]]]>

Author: Crypto News Flash

2025/11/28

Animoca Brands Expands Investment Focus to Include Stablecoins, AI, and DePIN in 2026

Animoca Brands Expands Investment Focus to Include Stablecoins, AI, and DePIN in 2026

TLDR Animoca Brands plans to expand beyond gaming in 2026, targeting stablecoins, AI, and DePIN sectors The company currently has investments in 628 companies, with 230 focused on gaming Chief Strategy Officer Keyvan Peymani says stablecoins will be a major near-term focus Animoca aims to become a market leader in emerging sectors like stablecoins and [...] The post Animoca Brands Expands Investment Focus to Include Stablecoins, AI, and DePIN in 2026 appeared first on Blockonomi.

Author: Blockonomi

2025/11/28

PA Daily News | Major crypto VCs and exchanges donate to support Hong Kong; Qian Zhimin actually bought 194,000 BTC, of which the whereabouts of 120,000 are unknown.

PA Daily News | Major crypto VCs and exchanges donate to support Hong Kong; Qian Zhimin actually bought 194,000 BTC, of which the whereabouts of 120,000 are unknown.

Today's top news highlights: Animoca executives: Plans to expand business focus to stablecoins, AI, and DePIN by 2026. New doubts in the Qian Zhimin case: 120,000 of the 195,000 BTC are missing, and the wallet owner claims to have lost the password for 20,000 BTC. South Korean Financial Services Commission Chairman: Crackdown on cryptocurrency money laundering; travel regulations expanded to include amounts under 1 million won. Analyst Murphy: The densest trading range for BTC is $94,000-$98,000 and $101,000-$118,000. Only 11 public blockchains have earned more than $100,000 in the past 7 days. Macro New doubts in the Qian Zhimin case: 120,000 of the 195,000 BTC are missing, and the wallet owner claims to have lost the password for 20,000 BTC. An article published in China Newsweek, titled "Can the 40 Billion Yuan in Bitcoins Taken Away by Qian Zhimin Be Returned to China?", points out that Qian Zhimin, the main culprit in a money laundering case involving 60,000 Bitcoins, purchased a total of 194,951 Bitcoins, exceeding the 61,000 Bitcoins seized by the police. However, the court did not disclose the situation of the remaining 120,000+ Bitcoins, meaning that there is a high probability that more Bitcoins in Qian Zhimin's assets have not yet been discovered or confiscated. London Metropolitan Police detective Joe Lane revealed that Qian Zhimin claimed that the password to a wallet containing 20,000 Bitcoins had been lost. Based on the latest market price, these "lost" Bitcoins alone are worth approximately 12.5 billion yuan. South Korean Financial Services Commission Chairman: Crackdown on cryptocurrency money laundering; travel regulations expanded to include amounts under 1 million won. According to Yonhap News Agency, on the 28th local time, Lee Eok-woon, Chairman of the Financial Services Commission of South Korea, stated at the 19th Anti-Money Laundering Day commemoration ceremony of the Financial Intelligence Analysis Institute that the scope of the "travel rule," also known as the "cryptocurrency real-name system," will be expanded to include transactions below 1 million won (approximately US$680). He emphasized that money laundering activities using virtual asset transactions will be severely cracked down on, and virtual asset transactions with overseas exchanges with high money laundering risks will be prohibited. Furthermore, a strict review mechanism will be established to comprehensively examine the criminal records, financial status, and social creditworthiness of major shareholders of virtual asset businesses. Analysis: Upbit may have been subjected to long-term infiltration by an advanced persistent threat organization. Security firm GoPlus analysis indicates that the Upbit attack raises several serious concerns: the hot wallet leak points to vulnerabilities in key management and internal network security vulnerabilities. Cold wallets remain secure. The incident is noteworthy for several reasons: 1. It was an "anniversary attack"—the date coincided with the $50 million hack in 2019 (six years ago); 2. The timing was opportune—launching the attack hours after the major merger announcement of Dunamu and Naver; 3. It exhibited typical Lazarus characteristics—the speed, methods, and symbolic significance of the attack; 4. Sophisticated money laundering methods—using multiple DEXs, potentially circumventing regulations (2200 SOL tokens transferred to Binance). All these signs suggest that the platform may have been under long-term infiltration by an Advanced Persistent Threat (APT) group. Previously, Upbit disclosed the theft of approximately 54 billion won in assets from its Solana network; South Korean authorities suspect the North Korean hacking group Lazarus is behind the attack. Bitcoin holders accuse JPMorgan Chase of market manipulation. According to Cointelegraph, after JPMorgan Chase filed an application with the U.S. SEC to launch leveraged Bitcoin-backed notes, Bitcoin enthusiasts accused the company of manipulating rules to suppress Strategy and Digital Asset Reserves (DATs). Previously, JPMorgan Chase launched structured notes linked to the BlackRock Bitcoin ETF, matching the four-year Bitcoin halving cycle. The UK has proposed introducing a "no profit, no loss" tax rule for DeFi. According to CoinDesk, the UK government is developing a new tax framework that could benefit DeFi users. A proposal released this week shows that HM Revenue and Customs supports a "no profit, no loss" principle for cryptocurrency lending and liquidity pool arrangements. Under the current system, DeFi users depositing funds into protocols, even just for profit or as collateral for loans, can trigger capital gains tax. The new measure will postpone tax payment until an economically meaningful asset disposal occurs. This means that users depositing cryptocurrency into lending protocols or providing tokens to automated market makers will no longer need to pay tax on the deposit itself, but only when they eventually sell or trade the assets and realize a profit or loss. The proposal aims to align tax rules with the actual operation of DeFi, thereby reducing the administrative burden and avoiding unreasonable tax outcomes. The new principle also applies to complex multi-token arrangements; if a user withdraws more tokens than they deposited, the profit will be taxed; if less, it will be considered a loss. However, this model is not yet finalized, and the government is still consulting with professionals and DeFi developers. While HM Revenue and Customs has not set a timetable for legislation, it has stated that it will continue to engage with the industry to assess the necessity of such legislation. Bitwise has updated its filing for the spot Avalanche ETF, proposing to add staking functionality. According to CoinDesk, Bitwise has updated its filing with the U.S. Securities and Exchange Commission (SEC) for its spot Avalanche ETF. This revision changes the ETF's ticker symbol to BAVA and sets the sponsorship fee rate at 0.34%, currently the lowest among similar products. In comparison, VanEck's Avalanche ETF has a fee rate of 0.40%, and Grayscale's is 0.50%. The updated S-1 filing also states that the trust will be allowed to stake up to 70% of its AVAX holdings on Avalanche's proof-of-stake network to earn additional tokens. However, the issuer is considering deducting 12% of the proceeds as fees, with the remainder distributed to shareholders. Since competitors have not yet launched staking services, their fees are currently limited to sponsorship fees. Bitwise is also offering a full fee waiver for the first month on its initial $500 million in assets, aiming to position BAVA as the lowest-cost way for traditional investors to gain exposure to Avalanche and earn staking income. Opinion Analyst Murphy: The densest trading range for BTC is $94,000-$98,000 and $101,000-$118,000. According to a BTC Cost Base Distribution (CBD) heatmap shared by analyst Murphy, the most concentrated areas of BTC holdings are currently $94,000-$98,000 and $101,000-$118,000, corresponding to the historical fair price ($98,000) and the average cost of short-term holders ($104,000), respectively, serving as important reference lines for bull-bear market transitions. Furthermore, data shows that between November 21st and 23rd, 950,000 BTC accumulated in the $84,000-$85,000 range, of which 550,000 are related to Coinbase's wallet consolidation, and the remaining 400,000 represent actual trading, possibly related to whale activity. CBD uses an address-based calculation method, providing an important reference for observing market BTC distribution. Arthur Hayes: Price discovery for the largest U.S. tech stocks and major stock indices is expected to occur in the perpetual contract market. BitMEX co-founder Arthur Hayes published an article today titled "Survival of the Fittest: How Perpetual Contracts Are Disrupting Traditional Finance," pointing out that traditional finance (TradFi) is desperately trying to maintain its dominance in stock trading. It will be very interesting to observe how they respond to the rapid market acceptance of stock index perpetual contracts. The first perpetual contract sector to dominate the market will be offshore trading of US stock price risk. US stocks, and all stocks, will eventually be tokenized. However, stock index perpetual contracts do not rely on stock tokenization to succeed. Stock perpetual contracts already have mature infrastructure that allows for rapid scaling. Alliance DAO co-founder: L1 token lacks a moat; betting on the application layer may be the way out. QwQiao, co-founder of Alliance DAO, stated in an article on the X platform that he finds it difficult to convince himself to hold L1 public chain tokens long-term. The reason is not their high price-to-earnings ratio (P/E), but rather the lack of a moat, making them easily commoditized and difficult to capture meaningful value. Currently, cross-chain transfers are very convenient for users, and most application developers can quickly migrate their applications from one chain to another. Furthermore, launching a new chain is significantly easier than before, and the switching costs are far lower than infrastructure like AWS. QwQiao also mentioned that the only way for a chain to strengthen its moat is to develop vertically and control the application layer. He observed that chains like Solana, Base, and Hyperliquid have realized this and are actively taking action, as is the emerging enterprise-level chain Tempo. He firmly believes that the crypto industry will experience exponential growth, and betting on the application layer is the best way to express this view. Project Updates OKX donated HK$10 million to Hong Kong to support emergency relief and recovery efforts. According to official sources, OKX has donated HK$10 million to Hong Kong to support local emergency relief and disaster recovery efforts. YZi Labs seeks to expand the board of directors of BNB treasury company CEA Industries to improve strategy execution and oversight. YZi Labs announced on its X platform that, as a significant shareholder of CEA Industries Inc. (NASDAQ: BNC), it has filed a preliminary consent statement with the U.S. Securities and Exchange Commission (SEC) seeking written shareholder consent to expand the company's board of directors and add new board seats. YZi Labs stated that despite a significant increase in the value of BNC's main asset under management, BNB, the company's performance since the completion of its $500 million PIPE financing deal this summer has fallen far short of the expected results from that investment rationale. It believes BNC's poor performance is a direct result of poor strategy execution, insufficient investor communication, and a lack of effective oversight. YZi Labs also expressed concern about delays in key SEC filings, failure to promptly update investors on digital asset fund management and net asset value (NAV), and continued investor confusion regarding the company's identity, communication, and strategy. The Wormhole Foundation announced the purchase of $5 million worth of W tokens. According to official sources, the Wormhole Foundation announced that it has purchased $5 million worth of W tokens and added them to its balance sheet. Balancer security incident update: DAO begins discussions on an $8 million recovery plan. According to CoinDesk, weeks after a major vulnerability in Balancer v2 vaults led to the loss of over $110 million, the Balancer DAO has begun discussing a plan to distribute approximately $8 million in recovered assets to affected limited partners (LPs). The proposed scheme includes structured rewards for white-hat hackers and compensation based on snapshots of user pool assets at the time of the exploit, consistent with the Safe Harbor Protocol. This protocol stipulates a bounty cap of $1 million per incident, requiring white-hat hackers to undergo comprehensive KYC and sanctions screening. Several anonymous rescuers on Arbitrum have waived their bounty claims. Recovered tokens cover networks including Ethereum, Polygon, Base, and Arbitrum, with liquidity providers receiving compensation proportionally to the tokens initially provided and per pool. A claims mechanism is currently under development; if the proposal is approved, users will need to accept updated terms of use. Additionally, $19.7 million in osETH and osGNO were recovered by StakeWise and will be processed separately; $4.1 million recovered internally in collaboration with Certora is ineligible for a bounty due to a previous agreement. This exploit, caused by a smart contract flaw, marks Balancer's third major security incident, resulting in a plunge in total value locked (TVL) from approximately $775 million to $258 million, and a loss of about 30% in the value of BAL tokens. Bitget will donate HK$12 million to support fire relief and reconstruction efforts in Tai Po, Hong Kong. Bitget will donate a total of HK$12 million to Hong Kong to support emergency relief efforts, assistance to affected families, and post-disaster reconstruction following the Hung Fook Court fire. The donation will be received and implemented by three reputable local charitable organizations. Binance donated HK$10 million to Hong Kong to support fire relief and reconstruction. According to an official announcement from Binance, Binance will donate HK$10 million to the fire-stricken area of Hung Fook Court in Tai Po, Hong Kong, to support rescue and reconstruction efforts. Binance stated that it will implement the donation through relevant channels and extend its condolences to the affected people. Matrixport Group and its employees jointly donated HK$3 million to support fire relief and reconstruction efforts in Hong Kong. To fully support emergency relief, disaster relief, and reconstruction efforts following the Tai Po fire in Hong Kong, Matrixport Group, through its Hong Kong branch, donated HK$3 million to relevant relief organizations. This donation, jointly made by the Group and its employees, will be specifically used for disaster relief and reconstruction. Important data Only 11 public blockchains have earned more than $100,000 in the past 7 days. According to crypto KOL AB Kuai.Dong, citing Nansen data, only 11 public blockchains have generated over $100,000 in revenue in the past seven days. The top six are Tron, Ethereum, Solana, BNB, Bitcoin, and Base. They account for over 95% of on-chain user spending. The vast majority of the remaining public blockchains have low activity, with some generating close to zero revenue. The "insider whale" on October 11th has closed out its long positions of 15,000 ETH in batches, making a profit of $846,000. According to on-chain analyst @ai_9684xtpa, the "whale that opened short positions on October 11th" has closed its long positions. He just closed his long positions of 15,000 ETH (US$45.32 million) in batches, ultimately making a profit of US$846,000. This long position ultimately ended in profit in less than four days. As of now, only the BTC long position from November 8th is in a loss position; all others are profitable, with the account accumulating a total profit of US$101 million. Data: Over the past 30 days, Bitcoin whales have flowed $7.5 billion into Binance, the highest level in a year. CryptoQuant analyst Martunn wrote that the latest data shows that over the past 30 days, Bitcoin whales have poured $7.5 billion into Binance, the highest level in a year. This surge in inflows is similar to the pattern seen during previous periods of high market volatility (such as March 2025), when Bitcoin's price plummeted from approximately $102,000 to a low of $70,000. In these situations, whales typically move funds into exchanges to take profits or manage risk when the market weakens. Given that the 30-day inflow indicator is still climbing, the current data does not yet indicate that selling pressure has stabilized. For investors, this mainly means that the risk zone has not yet been fully resolved. Large inflows into exchanges often act as a barometer of pressure: they indicate that funds are being mobilized, but do not necessarily predict when a trend reversal will occur. In similar periods in the past, it took the market about a month to find a local bottom. Investment and Financing/Acquisition Entrée Capital raises $300 million in new fund, focusing on early-stage investments in AI, cryptocurrencies, and other sectors. According to official news, Entrée Capital has announced the successful raising of a new $300 million fund focused on early-stage investments. This brings the company's total assets under management to $1.5 billion. The new funds will primarily be deployed in pre-seed, seed, and Series A investments in Israel, the UK, Europe, and the US. The new fund will target founders in the following areas: Artificial Intelligence (covering native AI applications, vertical AI, and enabling infrastructure); Deep Technology and Quantum Computing (including computing technologies, science-driven systems, and advanced materials); Software, Data, and B2B Productivity Enhancement; Cryptocurrency (primarily focusing on infrastructure and security); and unconventional cutting-edge innovation. Entrée Capital has previously invested in Web3 domain registrars such as Freename and Bitcoin payment startup Breez. Animoca executives: Plans to expand business focus to stablecoins, AI, and DePIN by 2026. According to Cointelegraph, Keyvan Peymani, Chief Strategy Officer of Animoca Brands, stated that the company plans to expand beyond the gaming sector next year, enriching its existing portfolio of approximately 600 companies. In an interview with CNBC on Tuesday, he elaborated, “We invest in dozens of companies every year, covering artificial intelligence, DePIN, DeFi, gaming, and any emerging areas and new opportunities related to stablecoins. Our core objective has always been to focus on the expansion of the ecosystem we operate in.” He further emphasized, “We strive to be a market leader whenever there are interesting and exciting developments in areas like stablecoins and RWA.” He added that Animoca is committed to bridging the gap between the retail industry and the transformation within the Web3 ecosystem, “You can expect us to continue to delve deeper and uncover potential projects that we believe will disrupt the industry. Stablecoins are a major focus for the company recently.” Institutional holdings The Bhutanese government transferred 160.35 ETH, worth $483,000, to QCP Capital. According to Onchain Lens, the Royal Government of Bhutan transferred 160.35 ETH (worth $483,000) to QCP Capital and may deposit more funds thereafter. Bitmine has purchased 14,618 ETH from BitGo, worth $44.34 million. According to OnchainLens monitoring, Bitmine has purchased 14,618 ETH from BitGo, worth $44.34 million.

Author: PANews

2025/11/28

Ozak AI Surges Past $4.52M as Listing Rumors Intensify — Analysts Hint at Binance or Coinbase Debut Soon

Ozak AI Surges Past $4.52M as Listing Rumors Intensify — Analysts Hint at Binance or Coinbase Debut Soon

Ozak AI ($OZ) has surpassed the $4.52 million presale milestone, indicating a boost in investor confidence as market speculation hints at an impending Tier-1 exchange listing. The project’s rapid growth in both investor traction and ecosystem partners has fueled speculation that a major listing announcement may be closer than expected, with some analysts pointing to […] The post Ozak AI Surges Past $4.52M as Listing Rumors Intensify — Analysts Hint at Binance or Coinbase Debut Soon appeared first on Live Bitcoin News.

Author: LiveBitcoinNews

2025/11/28

Ozak AI vs. TAO vs. IP: Which AI Token Offers the Highest Upside Potential for 2026?

Ozak AI vs. TAO vs. IP: Which AI Token Offers the Highest Upside Potential for 2026?

TAO and IP are undoubtedly among the top AI tokens. However, the recent trend across the crypto market has forced enthusiasts to look at alternatives. Ozak AI, an AI-powered crypto project, has emerged as a prime candidate for a higher gain in 2026. Its utility token, $OZ, is estimated to rise by at least 71x, […] The post Ozak AI vs. TAO vs. IP: Which AI Token Offers the Highest Upside Potential for 2026? appeared first on Live Bitcoin News.

Author: LiveBitcoinNews

2025/11/28

From Bear Market to Bullish Profits: Ozak AI Outperforms Major Coins With $4.47M in Funding and 100x Growth Prospects

From Bear Market to Bullish Profits: Ozak AI Outperforms Major Coins With $4.47M in Funding and 100x Growth Prospects

After months of uncertainty across the crypto landscape, one project has managed to turn a challenging bear market into a springboard for growth — Ozak AI ($OZ). While giants like Bitcoin, Ethereum, and Solana have slowed in momentum, Ozak AI’s presale has exploded past $4.47 million in funding, drawing global

Author: Thenewscrypto

2025/11/28

Listing Countdown Begins — Ozak AI Nears the End of Phase 7 With Explosive Growth Momentum

Listing Countdown Begins — Ozak AI Nears the End of Phase 7 With Explosive Growth Momentum

Phase 7 of Ozak AI presale has commenced, and so has the countdown to the final listing for the AI-powered crypto project. It has sustained its growth momentum so far, and the same is evident from its 14x rise to $0.014. The explosive growth momentum of $OZ is also evident

Author: Thenewscrypto

2025/11/28

Animoca Brands Expands Into Stablecoins and AI Infrastructure for Web3 Growth

Animoca Brands Expands Into Stablecoins and AI Infrastructure for Web3 Growth

TLDR Animoca Brands is expanding into stablecoins, AI, and decentralized physical infrastructure networks in 2025 to strengthen Web3 adoption The company launched Anchorpoint Financial with Standard Chartered Bank to secure a stablecoin issuer license in Hong Kong Animoca invested $10 million in Pencil Finance to offer student loans through tokenized real-world assets The company’s EDU [...] The post Animoca Brands Expands Into Stablecoins and AI Infrastructure for Web3 Growth appeared first on CoinCentral.

Author: Coincentral

2025/11/28

Animoca Goes Big: AI, Stablecoins, Nasdaq Debut in 2026

Animoca Goes Big: AI, Stablecoins, Nasdaq Debut in 2026

The post Animoca Goes Big: AI, Stablecoins, Nasdaq Debut in 2026 appeared first on Coinpedia Fintech News Animoca Brands’ Chief Strategy Officer Keyvan Peymani says the firm will push beyond gaming next year, diving into stablecoins, AI, DePIN, and DeFi to boost its 600-company portfolio. Founder Yat Siu points to institutions fueling crypto’s shift from Bitcoin holdings to real-world use. The company also plans a Nasdaq listing in 2026 through a reverse …

Author: CoinPedia

2025/11/28

Trading Moment: Bitcoin's rebound faces a test of the $93,000-$96,000 dense supply zone.

Trading Moment: Bitcoin's rebound faces a test of the $93,000-$96,000 dense supply zone.

Daily market data review and trend analysis, produced by PANews. 1. Market Observation On November 27th, the US market was closed for the Thanksgiving holiday. US stock index futures remained flat, while crude oil rebounded due to OPEC+'s continued suspension of production increases. However, the outlook for Russia-Ukraine peace talks triggered a flash crash during the session. Spot gold was boosted by expectations of a December rate cut by the Federal Reserve, briefly breaking through $4190. Analysts from Wells Fargo Investment Institute and other institutions believe that a potential dovish shift by the Federal Reserve, a weakening dollar, and changes in the investment logic of popular sectors such as AI may create favorable conditions for alternative assets like gold. Looking ahead, despite market concerns about an economic slowdown, expectations of a policy shift also present potential opportunities for risk assets. Global investors are closely watching the Federal Reserve's next move and the potential reshaping of the market landscape that may result. As November draws to a close, Bitcoin prices have risen to nearly $92,000 after experiencing volatility. Several analysts point out that this rebound is primarily driven by short covering rather than strong spot buying support. For example, KillaXBT has already initiated short positions at $91,400, planning to add to the position at $93,100, with a stop-loss set at $95,000. He warns that if the closing price fails to break $108,000 within the next four weeks, a bear market will be confirmed, with a potential target price of $60,000. Furthermore, Glassnode data shows that the Bitcoin market structure remains fragile, with the short-term holder cost line (around $104,600) acting as a key resistance level, and dense supply zones existing in the $93,000-$96,000 and $100,000-$108,000 ranges. If liquidity fails to improve, Bitcoin prices could further decline to around the "real market average" of $81,000. The key support level needs to hold above the $84,000 cost cluster, which represents approximately 400,000 BTC. Analyst Ali considers $84,570 a key support level and $112,340 an upper limit, while also warning that a bear market could see a 70% drop. Despite the headwinds, bullish views persist. Veteran trader Alessio Rastani believes historical data shows a 75% probability of a short-term upward move in the current pattern. Analysts like Michaël van de Poppe and Daan Crypto Trades are focusing on the $97,000-$98,000 liquidity cluster, suggesting a potential move towards $100,000 if the price breaks through resistance near $93,000. Man of Bitcoin also points out that a hold above $91,521 could lead to a test of $96,897. Overall, the market awaits clearer signals, needing to see sustained spot demand and increased buying power to confirm a structural recovery in the trend. Regarding Ethereum, although the price has rebounded 15% from a low of $2,623, briefly reaching $3,000, on-chain and derivatives data indicate that bullish sentiment among large investors has not fully recovered, making it more difficult for the price to break through $4,000. Currently, Ethereum's network TVL has declined from nearly $100 billion to $72.3 billion, network fees have decreased by 13% in the past week, and the long/short ratio of top OKX traders also shows a bearish bias. Analysts have differing opinions: Scient believes ETH has a stronger structure than Bitcoin and, if it can hold the $2,800 support level, it could potentially reach $3,390; while Ken, an analyst at Lab Trading, warns that unless it can effectively hold above $3,000, it could potentially fall to $2,600. Meanwhile, Kingpin Crypto anticipates an "Ethereum Santa Claus rally" in December, targeting the $3,300 range. Daan Crypto Trades suggests investors pay attention to the $2,600 to $3,000 range. A break above $3,000 could lead to a move towards $3,300 to $3,400, while a drop below $2,600 could see a move towards the $2,000 low. In addition, Simon Kim, founder of venture capital firm Hashed, recently launched a real-time Ethereum valuation dashboard. This tool estimates Ethereum's fair value at $4,747.4, undervalued by approximately 56.9% from the current price of $3,022.3. In market news, the hacking attack on South Korean cryptocurrency exchange Upbit on November 27th has become a recent focus. The attack resulted in the theft of approximately 54 billion won (about US$36.81 million) worth of Solana network-related assets, including various tokens such as SOL, JUP, PYTH, and RENDER. South Korean authorities strongly suspect the attack was carried out by the North Korean hacking group Lazarus Group, which is also linked to Upbit's Ethereum theft six years ago. Following the incident, the prices of some affected low-market-cap Solana ecosystem tokens on the Upbit platform surged; for example, ORCA and MET2 rose by nearly 100%. Upbit has currently suspended all deposit and withdrawal services, transferred assets to cold wallets, and promised to fully compensate users for their losses. 2. Key Data (as of 13:00 HKT on November 26) (Data source: CoinAnk, Upbit, Coingecko, SoSoValue, CoinMarketCap) Bitcoin: $91,318 (down 2.43% year-to-date), daily spot trading volume $51.63 billion. Ethereum: $3,010 (-9.82% year-to-date), daily spot trading volume $14.54 billion. Fear of Greed Index: 25 (Fear) Average GAS: BTC: 1.02 sat/vB, ETH: 0.067 Gwei Market share: BTC 58.5%, ETH 11.5% Upbit 24-hour trading volume rankings: ORCA, XRP, BTC, MET2, TRUST 24-hour BTC long/short ratio: 49.37% / 50.63% Sector Performance: The Meme sector fell 2.78%, and the L1 sector fell 1.87%. 24-hour liquidation data : A total of 76,060 people worldwide were liquidated, with a total liquidation amount of $123 million. This included $23.42 million in BTC liquidations, $20.13 million in ZEC liquidations, and $15.09 million in ETH liquidations. 3. ETF Flows (as of November 27) Bitcoin ETF: Thanksgiving Holiday Ethereum ETF: Thanksgiving Holiday Solana ETF: Thanksgiving Holiday 4. Today's Outlook The ChinaAMC Hong Kong Dollar Digital Currency Fund will be listed and traded on the Hong Kong Stock Exchange on November 28. Binance will remove spot trading for BMT/FDUSD, GMT/BTC, ME/BTC, and TOWNS/FDUSD on November 28. Binance will delist Ponke, Swell, and Quick U-margined perpetual contracts. ETH Strategy will launch a 2-month STRAT linear unlocking program on November 29th, and will soon introduce lending products. Binance Alpha will launch on GaiAi (GAIX) on November 29th. Hyperliquid will unlock $308 million of HYPE on November 29th, representing 2.66% of the circulating supply. Sentient airdrop registration is now open, and eligibility confirmation closes at midnight on November 30th. Jupiter (JUP) will unlock approximately 53.47 million tokens at 12:00 PM Beijing time on November 28th, representing 0.76% of the total supply, worth approximately $12.5 million. Sahara AI (SAHARA) will unlock approximately 133 million tokens on November 27th at 8:00 AM, representing 1.33% of the total supply and worth approximately $10.4 million. The biggest drops among the top 100 cryptocurrencies by market capitalization today were: MemeCore down 21.4%, Kaspa down 8.5%, Dash down 7.9%, SPX6900 down 7.5%, and Zcash down 7.3%. 5. Hot News Animoca executives: Plans to expand business focus to stablecoins, AI, and DePIN by 2026. MegaETH: Will refund all funds raised through the pre-deposited bridge; new smart contracts are being audited. Data: Over the past 30 days, Bitcoin whales have flowed $7.5 billion into Binance, the highest level in a year. The Wormhole Foundation announced the purchase of $5 million worth of W tokens. Infinex will launch its token presale on Sonar, distributing 5% of its INX tokens before January TGE to raise $15 million. Tom Lee appears to have abandoned his prediction that Bitcoin will reach $250,000 by the end of the year. SpaceX has transferred 1,163 BTC to a new address, worth approximately $105 million. BlackRock's SIO fund's IBIT holdings have increased to 2.39 million units, a quarterly increase of approximately 14%.

Author: PANews

2025/11/28

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