According to BlockBeats, analyst @ali_charts has noted that since 2015, the Puell Multiple has consistently marked the bottom of Bitcoin cycles. When this metric falls below 0.50, it typically signals a price bottom for Bitcoin. Currently, the Puell Multiple stands at 0.67. The Puell Multiple, developed by Glassnode, is calculated by dividing Bitcoin's daily miner revenue by its 365-day moving average. This metric is used to assess market conditions and potential price movements.

Tether has confirmed that it has informed the Uruguayan Ministry of Labor and Social Security (MTSS) that it will terminate its operations in Uruguay and lay off 30 of its 38 employees. According to El Observador, the decision was confirmed after a meeting held at the headquarters of the National Labor Bureau (Dinatra) on Tuesday. Tether had previously disclosed the decision in September, attributing it to Uruguay's high energy costs and lack of a competitive tariff framework, which Tether felt was inconsistent with the scale of its investment in Uruguay. Tether had planned to invest $500 million in Uruguay, including three data processing centers in Florida and Tacuarembó with an estimated demand of 165 MW, as well as a 300 MW wind and solar power park. Of the total $500 million investment, Tether has already executed over $100 million, with another $50 million allocated to infrastructure, which will be owned by UTE and the National Interconnect System. Tether stated that under current conditions, the continued progress of its projects is no longer economically viable. Despite Tether's repeated requests for more competitive tariff proposals since November 2023, Florida's application of a 31.5 kV contract model and pricing structure increased operating costs. Tether has suggested changing the pricing structure to 150 kV and revising the energy purchase agreement, a solution that would bring economic benefits to UTE and avoid unnecessary engineering work.

1. 1011 opened a short position on a whale's ETH long position, with a floating profit of $1.139 million; 2. "Brother Machi" made a profit of $1.08 million this week and still holds $23 million worth of ETH and HYPE long positions; 3. SpaceX transferred 1,163 BTC to a new address, worth $105 million; 4. Suspected continued withdrawals: pump.fun transferred 75 million USDC to Kraken, followed by 69.26 million USDC transferred from Kraken to Circle; 5. Opinion: Bitcoin's decline is related to Trump's declining approval rating; 6. JPMorgan predicts a Fed rate cut in December, overturning its forecast from a week ago; 7. Fed Beige Book: Multiple reports indicate businesses may face financial pressure due to tariffs; 8. Fed Beige Book: Employment declined slightly during the reporting period; 9. Over 100 tokenized stocks and ETFs launched by Ondo are now available on Binance Wallet; 10. BlackRock withdrew 953 BTC and 15,722 ETH from Coinbase Prime; 11. Bloomberg analysts: Nasdaq ISE proposes to raise the IBIT options position cap to 1 million contracts.

null source: https://x.com/lookonchain/status/1993853999385313424

According to Lookonchain, Arthur Hayes bought 873,671 ENA tokens in the past hour at an average price of $0.281, for a total value of $245,000. Two weeks ago, he sold 5.02 million ENA tokens at an average price of $0.275.

According to ChainCatcher, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to raise the contract limit for BlackRock's IBIT futures to one million contracts, which is the maximum level permitted by the regulatory body.

According to PANews, Tether Holdings Ltd. has confirmed its decision to halt operations in Uruguay, resulting in the layoff of 30 out of 38 employees. Since its entry into Uruguay, Tether had planned a $500 million investment, including the construction of three data processing centers in Florida and Tacuarembó provinces, with an expected power consumption of 165 megawatts. Additionally, the company aimed to develop a wind and solar power park with a capacity of 300 megawatts. Over $100 million of the total investment has been realized, with another $50 million allocated for infrastructure development, which will be owned by Uruguay's state power company UTE and the national interconnected system. The company has warned that under current conditions, continuing the project is economically unfeasible. The 31.5-kilovolt transmission contract model used in Florida province has increased operational costs, despite Tether's repeated applications for more competitive electricity rates since November 2023. In its proposed alternatives, Tether suggested switching to a 150-kilovolt transmission fee and revising the power purchase contract. This proposal could have brought economic benefits to Uruguay's power company and avoided unnecessary engineering work.

Yi Lihua posted on the X platform that ETH has returned to $3,000, the extreme panic has passed, and he remains optimistic about the future market trend.

The SEC is being warned not to let crypto firms bypass investor protection rules as it considers exemptive relief for tokenized stocks. source: https://decrypt.co/350189/global-exchanges-urge-sec-curb-broad-crypto-exemptions

According to Coinglass data, in the past 24 hours, a total of 108,205 people worldwide were liquidated, with a total liquidation amount of $276 million. Of this, long positions were liquidated for $77.1661 million, and short positions for $199 million. The largest single liquidation occurred in Hyperliquid - BTC-USD, worth $3.1606 million.

OKX's new pre-market futures product introduces HMSTR, offering early trading opportunities amid regulatory concerns and market speculation risks.