CHAIN news

WLFI rises nearly 10% to break through $0.15 in 24 hours: market data shows WLFI currently quoted at $0.1545, with a 24-hour increase of 9.8%. Recent market fluctuations have been significant, and risk control should be noted.
XMR rises over 12% to break through $370: currently quoted at $372.27, with a 24-hour increase of 12.9%, making it one of the standout mainstream crypto assets today.
BNB steadily rises to break through $830: currently reported at $830.34, with a 24-hour increase of 1.57%, maintaining a relatively stable performance amid market fluctuations.
PORT3 suffers a hacker attack, token plummets by 77%: hackers illegally minted 1 billion PORT3 using a BridgeIn vulnerability and dumped them, profiting $166,000 (exchanging for 199.5 BNB). The project team has removed on-chain liquidity, and some exchanges have suspended deposits. Subsequently, the hackers destroyed the remaining 837 million tokens. The project team advises users to halt trading and is in communication with the hackers.

Friday's crypto market can be described as a 'day of horror': Bitcoin fell below the critical line of $84,000, plummeting 9.28% in a single day, and Ethereum fared worse, dropping over 10% in 24 hours and falling below $2,700. Some are shouting 'the bear market is here', saying it needs to drop another 50% to find the bottom; others say 'the adjustment is nearly over', with a state government even issuing bonds in Bitcoin against the trend. The market is half sea and half fire, and today we will clarify the most critical information and logic.

The battle of bulls and bears: after the plunge, is it time to buy the dip or escape the peak? The big shots are arguing fiercely.
The core question after the plunge: how far will this round of adjustment fall? The views of institutional leaders are directly 'opposed', and each logic is quite persuasive.

BTC falls below the $85,000 mark: Market data shows that BTC is currently priced at $84,982.36, with a 24-hour decline of 2.55%, short-term volatility intensifying, and market risks increasing.
Bitwise CIO provides key BTC support and retracement targets: Matt Hougan pointed out that $84,000 (the low point of the March retracement) is an important line of defense recently. If the entire increase from October is surrendered, it may dip to the $70,000 range. He emphasized the short-term panic and long-term confidence divergence in the market, with institutions like Harvard's endowment fund tentatively building positions.
Retail miners create a miracle with a 1 in 180 million chance of mining a block: A miner using Solo CKpool, with a hash rate of only 6 TH/s, unexpectedly mined a block and received a reward of $265,000, marking CKpool's first block mined in nearly three months.

The recent developments in the finance and crypto circles are more dramatic than a TV drama: the critical defense line of Bitcoin at $84,000 is precarious, yet institutions are proclaiming that we are 'close to the bottom'; Grayscale is bringing Dogecoin and XRP ETFs to the rescue, while on the other hand, the Federal Reserve's interest rate cut vote is trapped in a 'one vote determines life and death' deadlock, and the unemployment rate for white-collar workers in the U.S. has reached a historical high. These issues are interconnected, and today we will clarify their relationships and impacts in simple terms.

Crypto market: $84,000 is the defense line, are institutions quietly bottom-fishing?
The recent market conditions for Bitcoin have made many people anxious, especially the fluctuations at key support levels, which have become the focus of market attention.

Recently, the financial and crypto circles can be described as 'fire and ice': on one side, Goldman Sachs warns that $40 billion worth of stocks will be sold next week, with technical indicators in the US stock market flashing red; on the other side, Tether has quietly accumulated 116 tons of gold, predicting that the market platform's valuation will double in a month. Behind these seemingly unrelated events lies a new logic of asset allocation, which I will explain in simple terms today.

Market warning: The S&P has broken a critical point, is a $40 billion sell-off coming?
The recent days in the US stock market have been tough, and a key signal breaking could trigger a chain reaction.

Theme: (Focusing on RWA, how to build the cornerstone of a trillion-level market)
⏰2025.11.21 20:30(UTC+8)
Hotspot focus:
✅ Topic 1: How large is the market potential of RWA? What stage is it currently in?
✅ Topic 2: As a public chain designed specifically for RWA, what key trade-offs and innovations have you made at the technical level to support regulated real assets?
✅ Topic 3: In an era of information explosion, why is an aggregation platform an indispensable part of the RWA ecosystem? Are you 'aggregation of traffic' or 'aggregation of credit'?
✅ Topic 4: How will RWA change the investment methods of ordinary people? How can ordinary people participate in RWA to profit?

U.S. Congressman Proposes the Bitcoin for America Act: Congressman Warren Davidson's proposal includes legislating a strategic Bitcoin reserve executive order while eliminating the capital gains tax when using Bitcoin for tax payments.
Trump's Nomination for CFTC Chair Approved by Committee: The Senate Agriculture Committee approved Michael Selig's nomination with a vote of 12 to 11, and it will next be submitted for a full vote. Selig has stated that upon taking office, he will evaluate the regulatory budget and establish a crypto regulatory framework that balances investor protection with innovation.
Crypto Lawyer Runs for New York State Attorney General to Combat Anti-Crypto Policies: Khurram Dara announces his candidacy, aiming to challenge the current anti-crypto Attorney General Letitia James. His campaign agenda includes limiting abuses of the Martin Act and terminating contingency fee agreements with private law firms, planning to reshape New York into a hub for crypto innovation.

Recently, the cryptocurrency sector and the financial market have been linked in a dramatic way: Nvidia's earnings report boosted Bitcoin, the Federal Reserve is in turmoil, and giants like BlackRock and Coinbase are taking frequent actions, directly accelerating the compliance and institutionalization of the crypto industry. Today, I'll use plain language to string together these key dynamics and clarify the underlying investment signals.

Market booster: Nvidia's earnings report exceeded expectations, Bitcoin rebounded in response.
The 'top player' in the tech circle, Nvidia, has once again delivered a big surprise to the market.
On Wednesday local time, Nvidia announced its revenue for Q3 of fiscal year 2026 reached $57 billion, a significant increase from $35.082 billion in the same period last year, and exceeding the market expectation of $54.923 billion; even more surprising, it predicts Q4 revenue could soar to $65 billion, far exceeding the market estimate of $61.6 billion. As the core of the AI boom, Nvidia's chip sales are growing faster than Wall Street expected, directly convincing investors that the AI investment frenzy is not over yet. In response to doubts about an 'AI bubble', CEO Jensen Huang bluntly stated, 'I have not seen an AI bubble.'

Kraken submits IPO registration draft to the SEC in secret: Kraken's operating entity Payward, Inc. announced that it has submitted the S-1 form registration draft to the SEC, intending to conduct an initial public offering (IPO) of common stock. The number of shares to be issued and the price range have not yet been determined, and the listing time depends on the SEC's review progress and market conditions.
U.S. Senate plans to advance cryptocurrency market structure bill in December: Senate Banking Committee Chairman Tim Scott stated that the plan is to mark up the bill in December, aiming to send it to Trump for signing by early 2026, clarifying the regulatory powers of the CFTC and SEC over cryptocurrencies, and promoting the U.S. to become the 'world cryptocurrency capital.'

US SEC's 2026 review focus does not mention cryptocurrencies: in the SEC's latest release of the fiscal year 2026 review list, the previously routinely included chapters related to cryptocurrencies were removed, aligning with the Trump administration's supportive stance towards the crypto industry. However, the SEC emphasizes that the list is not a complete representation of its areas of focus.
US OCC allows banks to hold cryptocurrencies for paying Gas fees: the Office of the Comptroller of the Currency released an explanatory letter clarifying that banks can hold cryptocurrencies on their balance sheets for paying Gas fees for networks like Ethereum, to reduce related operational costs and risks.

Recently, the crypto space has seen a flurry of exciting developments: US regulators have suddenly given banks the 'green light' to hold cryptocurrencies for transaction fees; traditional financial giants have invested $200 million in exchanges, pushing valuations to $20 billion; Ethereum has come up with a new solution to address the longstanding challenges of cross-chain transactions. Today, we will clarify these key dynamics and see what industry signals are hidden behind them.

Regulatory Trend: US OCC Eases Restrictions! Banks Can Finally Engage with Crypto
For a long time, US banks have been 'interested but afraid' to touch cryptocurrencies, but a recent letter from the Office of the Comptroller of the Currency (OCC) has given banks a sense of reassurance.

Japan plans to classify 105 cryptocurrencies as financial products, with a tax rate reduced to 20%: The Financial Services Agency of Japan plans to include 105 types of crypto assets, including BTC and ETH, under the regulation of the Financial Instruments and Exchange Act, with trading profits taxed as capital gains. Previously, the highest tax rate for reporting as “miscellaneous income” was 55%, and the new proposal is expected to be included in the budget plan by early 2026.
US prosecutors oppose the release of Tornado Cash developers: The Southern District Attorney of New York submitted documents rebutting Roman Storm's motion for acquittal, stating that the crypto mixing service Tornado Cash created and controlled by him has been utilized by North Korea and others, and the prosecution has sufficient evidence for conviction.

BTC breaks below $96,000: currently reported at $95,971.53, a 24-hour decline of 0.5%; market analysis shows that selling pressure from U.S. retail investors is the main driving force behind the recent decline, with key support possibly around $93,000.
ETH breaks below $3,200: currently reported at $3,199.96, a 24-hour decline of 0.48%; a certain whale is suspected of selling, depositing 44,000 ETH (valued at $140.2 million) into Binance within 8 hours, and currently this whale has an unrealized loss of about $125 million.
Huang Licheng continues to reduce ETH long positions: 25x leveraged long positions reduced to 7,650 ETH, valued at $24.32 million, with an unrealized loss of $1.75 million, liquidation price at $3,044.81, and there are 6 limit sell orders in the $3,200-$3,400 range.

In November 2025, a report from the Hong Kong Police Force once again shocked the entire internet regarding the JPEX cryptocurrency scam that had been silent for two years—16 people have been formally prosecuted, 3 masterminds are wanted by Interpol, a total of 80 people have been arrested, and more than 2,700 investors have lost their entire investments, with the amount involved reaching 1.6 billion Hong Kong dollars. This event, known as the 'largest cryptocurrency explosion in Hong Kong's history,' has fully showcased a virtual asset scam's temptation of high returns, regulatory warnings, platform collapse, and transnational pursuit of culprits. Today, we will dissect the ins and outs of this case and see the true nature of the cryptocurrency traps.

Recently, the global market has been unsettled: the longest government shutdown in U.S. history, lasting 43 days, has finally ended, but it leaves a 'permanent gap' in economic data; the cryptocurrency sector is experiencing both the certainty of central bank involvement and regulation, while also facing challenges from depressed prices; interestingly, Bitcoin mining companies are relying on AI business to 'get through the winter.' These events intertwine to outline the complex landscape of the current market.

1. Macro Focus: The U.S. government shutdown comes to an end, the Federal Reserve faces a 'dilemma'
The 'aftereffects' of a 43-day government shutdown: October's unemployment rate may remain a mystery forever

Grayscale submits IPO application, NYSE listing code 'GRAY': Grayscale, a cryptocurrency asset management company, announces IPO details, with Class A common stock set to debut on the NYSE, and underwriters including Morgan Stanley, Bank of America Securities, and others.
U.S. FDIC issues 'Deposit Tokenization Insurance' guidelines: Clarifies that the legal nature of on-chain deposits is consistent with traditional deposits, providing regulatory direction for financial institutions to expand digital asset business.
U.S. Department of Justice forms task force to combat Southeast Asian crypto fraud: The task force targets related fraud perpetrated by transnational criminal organizations, which scams Americans out of nearly $10 billion each year, with criminal networks concentrated in Cambodia, Laos, Myanmar, and other areas.

The SEC promotes the 'Token Classification Act' to clarify the securities nature: SEC Chairman Paul Atkins announced the plan, which is centered on the 1946 'Howey Test' to determine whether cryptocurrencies are considered securities. He emphasized that cryptocurrencies may be part of an investment contract but will not be permanently classified as such, and regulation will advance in a new way.
The EU plans to tighten MiCA regulations on order book sharing: ESMA plans to strengthen the uniformity of MiCA enforcement, with regulatory bodies in France and elsewhere calling for trading and order books to be located within the EU and subject to local regulation, or to prohibit EU platforms from sharing order books with non-MiCA regulated exchanges.

The recent crypto circle can be described as a 'news bombardment zone', with good and bad news appearing in succession: the U.S. Treasury Secretary has directly provided a 'confidence booster' for a tenfold growth of stablecoins in the next five years, and the XRP ETF has completed its listing certification overnight, just waiting to open; on the other hand, expectations for Federal Reserve interest rate cuts have cooled, the EU is looking to 'lock regions', and funds related to Sun Yuchen have also been frozen. How will these messages stir the market? Let's discuss them gradually based on their impact.

1. Nuclear-level prediction: U.S. Treasury Secretary declares that stablecoins will surge to $3 trillion by 2030
The most significant 'growth blueprint' in the crypto circle has arrived! U.S. Treasury Secretary Janet Yellen recently made a public statement that the current global stablecoin market is approximately $300 billion, which could directly soar to $3 trillion by 2030, a tenfold increase. This prediction is not just empty talk; it is backed by solid logic.