Greeks live shows that the crypto market rose on Sunday, driven by potential institutional buying, currently presenting a cautiously bullish tone. Traders remain skeptical about the sustainability of the upward trend, with key resistance levels of $107,000 and $110,000 for Bitcoin being closely monitored. This round of rebound is mainly driven by spot trading, with no significant changes in open interest (OI), indicating insufficient leverage confidence.
Wu said that, according to South Korea's "Daily Economic News", the cryptocurrency exchange Bybit is advancing the acquisition of South Korea's fourth-largest exchange Korbit. It is reported that Bybit recently met with Korbit's management, and the acquisition process has been initiated. Korbit is currently 60.5% owned by NXC (Nexon's parent company) and 31.5% owned by SK Planet, and Bybit is considering starting from SK to ultimately acquire all shares.
According to reports from CCTV News, recently the market regulatory authorities of the three provinces and one city in the Yangtze River Delta (Jiangsu, Shanghai, Zhejiang, Anhui) jointly issued the 'Eight Measures to Strictly Regulate Cross-Regional Law Enforcement Behaviors in the Yangtze River Delta,' marking the official establishment of the country's first regional collaborative mechanism specifically targeting 'distant ocean fishing' style law enforcement.
According to Wu, CoinShares reported that digital asset investment products have experienced net outflows for the second consecutive week, with a total outflow of $1.17 billion last week, primarily affected by market volatility following the "liquidity chain event" and uncertainty regarding potential interest rate cuts in the United States. Bitcoin and Ethereum experienced significant outflows, with $932 million and $438 million leaving, respectively. Solana recorded a net inflow of $118 million last week, bringing the total inflow over the past nine weeks to $2.1 billion.
QCP: U.S. Push to End Shutdown Boosts Risk Sentiment Bitcoin Returns to $106,000 or May Maintain Range-Bound Oscillation
QCP pointed out that the U.S. Senate is pushing to end the 40-day government shutdown process, boosting risk sentiment and leading to a rebound in U.S. stocks and the crypto market. Bitcoin has returned to $106,000 after multiple dips to $100,000, despite facing selling pressure from early holders and ETF fund outflows; overall liquidity remains robust. The options market shows a moderation of bearish sentiment, with liquidation concerns decreasing. Traders are divided: some are buying call butterfly options with expirations on December 26 at $112,000/$120,000/$150,000, while others are selling call spreads at $135,000/$140,000, indicating a divergence in expectations regarding a retest of historical highs. QCP believes that despite continued selling pressure from OG wallets, the market's absorption capacity has significantly improved, with price movements reminiscent of the release periods of Mt. Gox and Silk Road. BTC may maintain a range-bound oscillation, with resistance around $118,000.
Wu said that, according to the official announcement, Binance will launch the MINA/USDC and XVG/USDC trading pairs on November 11, 2025, at 08:00 (UTC), and will enable trading bot services for the above trading pairs.
The Japanese Financial Services Agency (FSA) is considering establishing a new system that requires cryptocurrency custody and trading management service providers to report and register with regulatory authorities before providing services to cryptocurrency exchanges. This system will also require cryptocurrency exchanges to only use custody and trading systems provided by registered institutions. This move aims to fill security regulatory gaps and prevent asset losses caused by hacking attacks and system failures. (The Block)
Wu said that the video platform Rumble (NASDAQ: RUM) announced its financial report for the third quarter of 2025: revenue of 24.8 million USD, net loss of 16.3 million USD. The company holds 269.8 million USD in cash and 210.82 bitcoins (approximately 24 million USD), with total liquid assets exceeding 290 million USD. Recently, Rumble partnered with Perplexity AI to integrate AI search and launched a joint subscription service; the platform has fully resumed operations in France.
Binance founder CZ posted to remind community members not to purchase accounts he follows, stating that he will immediately unfollow any account found to be sold. He added that if anyone finds relevant accounts for sale, they can notify the team through private messages or comments. CZ stated that his following behavior is random, usually in support of active, friendly, and valuable individuals in the community.
According to the Korea Times, South Korea's four major financial holding groups are accelerating their cooperation with large technology companies—Naver, Kakao, and Samsung Electronics—in order to seize the rapidly rising stablecoin market. Currently, KB, Shinhan, and Hana Bank have collaborated with Naver on product development. The three institutions are also exploring a 'tripartite cooperation' model with Naver and Dunamu (the parent company of Upbit). Yuanta Financial Group is deepening its cooperation with Samsung Electronics, becoming the exclusive operator of Samsung Wallet Money and Points.
According to CryptoSlate, Wall Street's renowned short seller James Chanos has officially closed his ongoing 11-month $MSTR/Bitcoin hedging short position, declaring the end of his large-scale short-selling operation against Bitcoin-related stocks and MicroStrategy. The unwinding of institutional short positions is seen as one of the signals of a market trend reversal, or may indicate that the worst phase for the Bitcoin treasury company is over.
Wu said that the River team stated that there has been abnormal fluctuations in the price of River Pts recently, which is due to organized market manipulation. Attackers established large short positions simultaneously on multiple exchanges and concentrated on exchanging River Pts for RIVER before selling, causing liquidity pressure and market panic. To prevent a chain collapse, the team decided to temporarily suspend Pts exchange and initiate a market buyback to stabilize price and confidence. River stated that the attackers quickly closed their positions after the suspension, proving that this measure effectively curbed the risk. The project party will redesign the exchange mechanism, introduce risk control measures, publicly disclose on-chain and exchange data, and restore the exchange after the mechanism optimization is completed. River Pts is currently priced at 0.01178 USD, with a 24-hour decline of 72.34%.
How is "technical support" provided to a gambling website determined? Which positions have a chance to secure immunity from prosecution?
Author | Lawyer Shao Shiwei
In cases involving the crime of operating a casino, especially those involving internet platforms (such as game apps, cryptocurrency exchanges, blockchain game platforms, etc.) accused of gambling, the following situation often occurs: the platform is identified as involved in gambling, leading to the investigation of its employees.
But will the employee necessarily be found guilty? Of course not.
Whether or not criminal liability will be pursued still comes down to a core issue—the employee's job responsibilities and level of involvement.
However, in judicial practice, investigators often lack understanding of the internal job divisions within internet companies.
Aster announced that the third phase ended on November 9 at 23:59 (UTC), and the fourth phase officially begins. This phase allocates a total supply of 1.5% ASTER, released evenly over six weekly periods. The third phase airdrop inquiry will open on December 1, with distribution starting on December 15, and the fourth phase ending on December 21.
Wu said that according to SoSoValue data, the net inflow of SOL spot ETF in the last trading week (Eastern Time from November 3 to November 7) was 137 million USD. The SOL spot ETF with the highest net inflow last week was the Bitwise Solana spot ETF BSOL, with a weekly net inflow of 127 million USD and a historical total net inflow of 324 million USD.
Wu said that according to SoSoValue data, during the last trading week (Eastern Time November 3 to November 7), the Ethereum spot ETF had a net outflow of 508 million USD, setting a historical third-highest record. The Ethereum spot ETF with the highest net outflow last week was the Blackrock ETF ETHA, with a weekly net outflow of 297 million USD, and the historical total net inflow for ETHA currently stands at 13.87 billion USD.
Wu said that according to SoSoValue data, during the last trading week (Eastern Time from November 3 to November 7), the Bitcoin spot ETF experienced a net outflow of $1.22 billion, marking the third highest in history. The Bitcoin spot ETF with the highest net outflow last week was Blackrock's ETF IBIT, with a weekly net outflow of $581 million, and the total historical net inflow for IBIT has reached $64.32 billion.
Wu said that Tether has signed a memorandum of understanding (MoU) with the People's Committee of Da Nang, Vietnam, to jointly promote blockchain-enabled digital governance and infrastructure development. Both parties will study and establish a mechanism for the integration of blockchain, digital assets, and P2P technology, and cooperate in areas such as policy formulation, regulatory sandboxes, and real asset tokenization (RWA). Tether will assist Da Nang in developing a regulatory framework that aligns with international standards and collaborate with universities and research institutions to carry out blockchain and AI education and training programs, promoting the development of digital payment systems in both the public and private sectors.
According to Wu Shuo, monitored by Lookonchain, due to the market rebound, crypto trader James Wynn has been liquidated 12 times again in the past 12 hours. He has experienced 45 liquidations in the past two months. Despite having a profitable trade, he chose not to take profits but continued to increase his position, ultimately being liquidated again. Currently, his account has only $6,010.