According to Foresight News, Tether CEO Paolo Ardoino expressed confidence in Bitcoin's enduring strength. In a recent tweet, Ardoino stated that Bitcoin will withstand the test of time, emphasizing that organizations attempting to undermine it will ultimately fail. He highlighted that these entities cannot prevent people from choosing freedom.

Analysts say Bitcoin has recovered from the slump that triggered massive liquidations and sell-offs earlier this week, currently trading at around $87,645, up 1.8% in the past 24 hours. Bitcoin fell to around $81,000 on Friday. Other cryptocurrencies also rebounded, with ETH rising 0.5% to $2,834, XRP rising 2.65% to $2.09, and Solana rising 2.5% to $133. The overall crypto market is up 1% in the past 24 hours. Analysts describe this price recovery as a "post-flush bounce," but note that the move lacks sustained momentum. Vincent Liu, CIO of Kronos Research, said Bitcoin's current movement resembles a "post-flush bounce," with shallow liquidity, fragmented trading flows, buying pressure seeking stability, and long-term holders accumulating. He expects Bitcoin to consolidate in a narrow range of $85,000 to $90,000 due to shallow liquidity and the clearing of stop-loss orders. BTC Markets crypto analyst Rachael Lucas stated that Bitcoin is consolidating after experiencing its deepest pullback in this cycle, and holding above $86,000 in the short term is positive, but the market structure remains "fragile." Lucas pointed out that if it can sustain a hold above $88,000, it will confirm Bitcoin's bottoming process; conversely, if it fails to do so, there is a risk of falling to $80,000. Lucas stated that short-term traders remain cautious and driven by fund flows, closely monitoring funding rates and liquidation levels for signs of stabilization. For institutions, this is currently a "rotation phase rather than an exit," with ETF outflows reflecting risk management rather than abandonment. (TheBlock)

According to Foresight News, a notable cryptocurrency address has been actively engaging in substantial Wrapped Bitcoin (WBTC) transactions. Previously, between November 18 and 22, the address sold WBTC at an average price of $87,278, realizing a profit of $69.23 million. Recently, the address has resumed acquiring WBTC, spending $7.92 million to purchase 90.85 WBTC at an average price of $87,242, approximately 11 hours ago. This follows a transaction from the previous day where the address sold 793.24 WBTC, originally acquired at a cost of $74,746.46, resulting in a profit of $9.94 million. These activities highlight the address's strategic approach to managing its WBTC holdings, reflecting significant market movements and potential investment strategies.

According to ChainCatcher, the on-chain asset management AI agent, Agentic FoF, has been compromised due to a security vulnerability, resulting in a loss of approximately $531,000. All vault operations have been halted, and withdrawals from Agentic FoF are suspended pending the completion of an internal investigation. While the Basis vault remains secure, operations have been paused as a precautionary measure, though withdrawal functions are still available.

Bitcoin Core v30 removed the OP_RETURN restriction, and everyone's saying it's because the "Ordinals inscription restriction is invalid." The real reason isn't Ordinals at all; it's BitVM. This story is more important than the Ordinals narrative.

Ethereum price failed to stay above $2,800 and tested $2,620. ETH is now attempting to recover but faces resistance near $2,890. Ethereum started a fresh decline after it failed to stay above $2,800. The price is trading near $2,840 and the 100-hourly Simple Moving Average source: https://www.newsbtc.com/analysis/eth/ethereum-price-faces-key-barriers-2890/

BasisOS announced on its X platform that Agentic FoF has been compromised due to a security vulnerability, resulting in a loss of approximately $531,000. All vaults are currently suspended, and withdrawals from Agentic FoF have also been halted pending the completion of an internal investigation. Basis vaults are secure, but have been suspended as a precaution; withdrawals remain operational. An official update will be released within the next 24 hours.

The Financial Information Analysis Service (FIU) of Korea is expected to impose sanctions on several domestic virtual asset exchanges for violating anti-money laundering obligations. The financial authorities plan to impose institutional and personnel sanctions and fines on the exchanges according to the order of on-site inspections, following a "first-in, first-out" principle. After sanctioning Dunamu, the FIU plans to take sanction measures against the remaining virtual asset exchanges. Previously, the Financial Supervisory Service (FSS) has conducted on-site inspections of Upbit, Bithumb, Coinone, Korbit, and GOPAX since last year to examine their compliance with anti-money laundering obligations, including violations of Know Your Customer (KYC) procedures. The order of sanctions will follow the order of on-site inspections: Dunamu (August last year), Korbit (October), GOPAX (December), Bithumb (March this year), and Coinone (April). However, given that Bithumb recently underwent an additional on-site inspection due to order book issues, its sanction order may be delayed. The sanctions process will be similar to that of Dunamu, first identifying individuals and institutions to be sanctioned, followed by fines. Previously, in February of this year, the FIU, under the Specific Financial Information Act, issued a "warning of accountability" to Dunamu's CEO and imposed a heavy penalty on the institution, suspending new customer deposits and withdrawals for three months; and on the 6th, imposed a fine of 35.2 billion won. The market expects that, since the violations of other exchanges (such as KYC violations and failure to report suspicious transactions) are largely similar, the sanctions will also be similar in severity to those against Dunamu, making heavy penalties difficult to avoid, and the fines may reach tens of billions of won. It is anticipated that the FIU's sanctions against the remaining four exchanges may not be completed this year, with most sanctions expected to conclude in the first half of next year.

A specially crafted delegation transaction caused Cardano’s network to split into two conflicting chains, disrupting exchanges, DeFi apps, and users. Developers quickly deployed emergency fixes, restored consensus, and confirmed that no user funds were lost.

According to Odaily, data from SoSoValue indicates that during the trading week from November 17 to November 21 (Eastern Time), SOL spot ETFs experienced a net inflow of $128 million. The Bitwise Solana Spot ETF (BSOL) led the inflows with $86.31 million for the week, bringing its historical total net inflow to $444 million. Following this, the Grayscale Solana Spot ETF (GSOL) saw a weekly net inflow of $18.13 million, with a historical total net inflow reaching $42.44 million. As of the time of reporting, the total net asset value of SOL spot ETFs stands at $719 million, with an ETF net asset ratio of 1.01% compared to Bitcoin's total market value. The cumulative historical net inflow has reached $510 million.

According to SoSoValue data, Bitcoin spot ETFs saw a net outflow of $1.22 billion last week (November 17th to November 21st, Eastern Time). The Bitcoin spot ETF with the largest net inflow last week was Grayscale's Bitcoin Mini Trust ETF BTC, with a weekly net inflow of $274 million, bringing its total historical net inflow to $1.951 billion. This was followed by Invesco and Galaxy Digital's ETF BTCO, with a weekly net inflow of $35.8 million, bringing its total historical net inflow to $209 million. The Bitcoin spot ETF with the largest net outflow last week was BlackRock ETF IBIT, with a weekly net outflow of $1.09 billion. IBIT's historical total net inflow has reached $62.7 billion. This was followed by Grayscale ETF GBTC, with a weekly net outflow of $172 million. GBTC's historical total net outflow has reached $25.03 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $110.11 billion, with an ETF net asset value ratio (market capitalization as a percentage of total Bitcoin market capitalization) of 6.53%. Historical cumulative net inflows have reached $57.64 billion.

According to SoSoValue data, the SOL spot ETF saw a net inflow of $128 million last week (November 17th to November 21st, Eastern Time). The SOL spot ETF with the largest net inflow last week was the Bitwise Solana Spot ETF (BSOL), with a weekly net inflow of $86.31 million and a historical total net inflow of $444 million; followed by the Grayscale Solana Spot ETF (GSOL), with a weekly net inflow of $18.13 million and a historical total net inflow of $42.44 million. As of press time, the total net asset value of the SOL spot ETFs was $719 million, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 1.01%, and a historical cumulative net inflow of $510 million.

Cryptocurrencies, AI, and passive investment funds in US stocks have formed a highly interconnected chain. The collapse of BTC not only severely impacted crypto assets but also put direct liquidity pressure on stock portfolios through the transmission chain of ETFs and related listed companies.

DAT will face a high barrier to entry: most DAT will trade at a discount, and only a few outstanding companies will trade at a premium.

The recent market correction is not due to a single factor, but rather a result of a combination of factors, including technical cycle topping signals, tightening macro liquidity, institutional profit-taking, and community disagreements.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 2888, providing you with the latest and fastest news on the digital currency and blockchain industry.

What big things have the mainstream Perp DEXs been up to lately? Jinse Finance reports on the Perp DEXs making a series of bold moves.

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Market Trends, Crypto Market, Investment, Liquidity Singularity: How the $2 Billion Bitcoin Chain Liquidation Reveals the Mathematical End of Free-Market Capitalism (Golden Finance) - The liquidity singularity is not imminent; it has already arrived.

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