On November 29, the People's Bank of China held a meeting of the coordination mechanism for combating the speculation of virtual money trading. The meeting emphasized that virtual money does not have the same legal status as fiat currency, lacks legal tender status, and should not and cannot circulate as money in the market. Activities related to virtual money fall under illegal financial activities. Stablecoins are a form of virtual money that currently cannot effectively meet the requirements for customer identification, AML, and other aspects, posing risks of being used for Money Laundering, fundraising fraud, illegal cross-border fund transfers, and other illegal activities. (People's Bank of China website)

On November 29, according to Hyperinsight monitoring, "1011 Insider Whale" has just opened a 5x ETH short order, with a position size of 15 million USD (5000 ETH), entry price of 3,001.81 USD, and liquidation price of 5,056 USD.

【People's Bank of China: Stablecoins are a form of Virtual Money, and activities related to Virtual Money are considered illegal financial activities】On November 28, 2025, the People's Bank of China held a coordination mechanism meeting to combat the speculation and trading of Virtual Money. The meeting emphasized that Virtual Money does not have the same legal status as fiat currency, does not have legal tender status, and should not and cannot circulate as currency 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)

In 2025, investment institutions invested nearly $25 billion in encryption companies, a rise of over 150% compared to last year. Popular funding areas include centralized trading platforms, prediction markets, and Decentralized Finance platforms. Experts point out that projects attracting investment must comply with regulatory standards and demonstrate operational resilience, as the market is moving towards rationality and Compliance.

On November 29, according to on-chain data, the Hyperliquid team Wallet 0x43…a251 transferred 2.6 million HYPE (approximately 90.18 million USD) from stake status to spot status today at 12:32. This wallet still holds 240 million HYPE that has been staked (approximately 8.36 billion USD).

On November 29, according to monitoring by Farside Investors, yesterday the net inflow of Bitcoin Spot ETF in the United States was 71.4 million USD, including: BlackRock IBIT: -113.7 million USD Fidelity FBTC: +77.5 million USD ARK ARKB: +88 million USD Grayscale GBTC: +10.7 million USD Grayscale Mini BTC: +8.9 million USD

On November 29, according to Onchain Lens monitoring, the Ethena Labs Address withdrew $7.05 million worth of 25 million ENA from CEX again 6 hours ago. The Wallet currently holds 355.15 million ENA, worth $100.13 million.

On November 29, according to CEX market data, BANANA once rose and broke through 11.8 USD in the early hours, currently quoted at 10.38 USD, with a 24-hour pump of 18.6%, and has cumulatively risen about 60% since the low point on November 21.

On November 29, according to monitoring by Lookonchain, the whale bc1ql5 sold 500 Bitcoins (worth 45.37 million USD) for a cut loss stop loss 9 hours ago, incurring a loss of over 10.5 million USD. It is reported that this whale had previously bought the dips on October 14, withdrawing 500 Bitcoins from CEX (worth 55.95 million USD at that time). After that, the price of Bitcoin once reached 111,899 USD, but then began a continuous fall.

On-chain analysts have detected that an address deposited 5000 ETH to a CEX 10 hours ago, with a total value of 15.36 million USD. This address has accumulated a total of 13403.28 ETH in deposits over the past two weeks, worth 41.06 million USD, and currently holds 15,000 ETH. It is associated with Galaxy Digital, which previously sold 1000 BTC in July for a profit of 107 million USD.

Recently, the crypto market has rebounded, with Bitcoin prices breaking through $93,000. However, the funding rates on mainstream trading platforms indicate that the market is still bearish. Funding rates are used to balance contract and asset prices, reflecting market sentiment.

On November 29, according to Onchain Lens monitoring, a certain Whale Address deposited 2 million USDC into HyperLiquid and opened a SOL long positions with 5 times leverage.

On November 29, according to Alternative data, today's Crypto Assets Fear and Greed Index is 28 (up from 25 yesterday), as the market has moved out of "Extreme Fear" and into the "Fear" zone. Note: The Fear Index threshold is 0-100, which includes indicators: Fluctuation (25%) + Market volume (25%) + Social media heat (15%) + Market surveys (15%) + Bitcoin's proportion in the overall market (10%) + Google Trends analysis (10%). AI

On November 29, according to Onchain Lens monitoring, in the past 4 days, a certain Whale Address deposited 13.12 million USDC into HyperLiquid to accumulate ENA in the spot market. So far, the Whale has purchased 25.56 million ENA at a price of 7.25 million USD, and still holds 5.78 million USDC, with purchasing activities ongoing.

On November 29, according to official news, the CEX listing roadmap has added Rayls (RLS).

On November 29, according to a report by crowdfundinside, U.S. Bank, PwC, and the Stellar Development Foundation (SDF) announced that U.S. Bank is testing the issuance of a customized stablecoin on the Stellar network.

On November 29, all three major U.S. stock indexes closed higher, with the Dow Jones rising 0.61%, the S&P 500 rising 0.54%, and the Nasdaq rising 0.65%. Crypto Assets stocks generally rose, with BNB Network Company seeing the highest increase at 20.6%.

On November 29, DEX Terminal Finance, incubated by Ethena, announced on social media that the initial design goal of Terminal was to become the liquidity center on the Converge blockchain. However, due to the Converge mainnet failing to launch as scheduled and no recent plans for launch, the project will be terminated. User funds are not affected, and all user principal can be fully withdrawn. Existing Pendle position holders will continue to receive their entitled Ethena Sats earnings, associated sUSDe earnings, and.

On November 29, according to market news, CoinShares has terminated its plan to launch three single-asset crypto assets ETFs in the United States, which includes the Solana Staking ETF, XRP ETF, and LTC ETF.