According to Unchained's monitoring, as of the end of Q2 2025, Framework Ventures, co-lead investor in the Berachain Series B round, held 21,145,476 BERA tokens at a total cost of approximately $72.4 million. The average purchase price of these tokens was $3.42, meaning Framework Ventures has suffered a paper loss of over $50.8 million on these BERA tokens at current prices. The report also states that other investors in the Berachain Series B round (total funding of $100 million) would also be operating at a loss if they had invested at the previously reported valuation of $1.5 billion. As of press time, BERA's fully diluted valuation (FDV) was approximately $526.7 million.

Regarding the market news that "Berachain offered a special refund right of $25 million to the Nova Fund," Berachain co-founder Smokey clarified on the X platform: "The story is (A) incomplete and (B) inaccurate. We understand the need for dramatic narratives in a market where everyone is struggling, but this story appears to be directly orchestrated by malicious actors, particularly some very specific and disgruntled former team members. A few weeks ago, we first learned that Jack contacted token holders, former employees, and ecosystem projects, asking various leading questions (many completely unrelated to the final article's topic). During his brief stint as an investigative journalist for Blockworks, he began asking token holders misleading and factually incorrect questions. Although we never received any contact from Jack, our communications team decided to reach out to him and provided the following statement: 'Blockworks' reporting on this matter is neither accurate nor complete. Brevan Howard remains one of Berachain's largest investors. Their investments involve multiple complex business agreements, but they participated in the Series B funding round like all investors, and the documentation is identical to that of all investors. —Smokey the With the end of the Blockworks editorial business and Jack's dismissal, we have no further discussion of Bera prior to this article's publication on Unchained today. To clarify the facts: 1. Brevan Howard co-led our Series B funding round a year ago in our Abu Dhabi office through Nova, a new pure liquidity investment vehicle with the same terms as other investors. Nova led this funding round for Berachain a few months ago. 2. Nova's compliance team requested terms to be included in case BeraChain fails to complete its TGE and go public, thus the locked BERA purchased in the funding round would not qualify as a qualified investment under Nova's liquidity strategy. Therefore, we signed the letter attached to this article, committing to Nova's involvement in further business arrangements, including providing liquidity protocols on the network, which is only possible upon network launch. This attached letter was not created to secure a deal with a party that was not interested, nor was it created to prevent losses after publication, as implied in the article, and there is precedent for this, as noted by the outside lawyers mentioned in the report. 3. Contrary to everything implied in this article, Nova remains part of Berachain. One of the largest token holders, perhaps even the largest. They are liquidity providers, holding locked BERA from the Series B acquisition and liquid BERA assets purchased on the open market, consistently supporting the market through highs and lows. If anything has changed, it's that they've increased their exposure to BERA over time, despite operating a liquidity fund in a challenging alternative asset environment. 4. Several other claims in the story are completely untrue. Despite statements in the article, no other buyer received the best deal in the Series B round. Despite hints to the contrary, Nova remains a holder of locked tokens on Berachain. Apologies to all those outside the company for all the information they've been subjected to due to this media cycle. People love to flaunt their wealth on platforms like BeraChain and Bera PA, and the mix of truth and misinformation here provides a perfect opportunity for some. Ideally, I could speak more explicitly about some of the topics mentioned, but I also have an obligation to respect the confidentiality and compliance restrictions we adhere to, while considering the best interests of token holders.

A court filing claims Binance’s structure and controls let users tied to U. S. -designated terrorist groups move funds through its exchange. source: https://decrypt.co/349919/binance-fresh-anti-terrorism-lawsuit-alleged-hamas-transactions

W3C Corp is the parent entity of Baanx and Monavate, which offer card and payments infrastructure services for fintech and crypto clients. source: https://www.theblock.co/post/380292/exodus-acquires-w3c?utm_source=rss&utm_medium=rss

According to SoSoValue data, the Solana spot ETF saw a total net inflow of $57.99 million yesterday (November 24th, Eastern Time). The SOL spot ETF with the largest single-day net inflow was the Bitwise SOL ETF (BSOL), with a net inflow of $39.47 million, bringing its historical total net inflow to $484 million. This was followed by the Fidelity SOL ETF (FSOL), with a net inflow of $9.74 million, bringing its historical total net inflow to $22.55 million. As of press time, the Solana spot ETF has a total net asset value of $844 million, a net asset value ratio of 1.09%, and a historical cumulative net inflow of $568 million.

"Ethereum maintains its position close to key support levels, demonstrating resilience in the face of market fluctuations; this stability has attracted the attention of large investors, often referred to as 'whales', who are capitalizing on the current price dynamics for strategic accumulation, and here are the reasons behind their continued interest in this digital asset." source: https://blocknews.com/ethereum-holds-the-line-near-support-here-is-why-whales-are-still-loading-up/

Bitget will list Irys (IRYS) in the Innovation Zone and Public Chain Zone. Deposit channels are now open, and trading channels will open on November 25th at 21:00 (UTC+8).

Lighter officially announced on its X platform that its spot trading testnet is now live. As of November 20th, according to official sources, the platform has reached 500,000 independent traders.

Bitcoin hovered near $87,000 as Asia opened stronger, with regional stocks tracking Wall Street’s gains and rising confidence in a potential December Fed rate cut. source: https://cryptonews.com/news/bitcoin-price-87k-markets-up-rate-cut-bets-asia-market-open/

According to the latest official announcement, the first phase of the Sun Wukong transaction mining event was upgraded on November 24th at 20:00 (UTC+8). At that time, the fee rebate ratios for Maker and Taker will be increased to 110% and 107% respectively. The hourly reward cap for a single user has been raised to 500 USDT, with a projected maximum reward of 180,000 USDT. It is understood that this phase of the transaction mining event will run from November 21st at 20:00 to December 6th at 20:00, with a total prize pool of 1.35 million USDT. During the event, users participating in BTC/USDT, ETH/USDT, and SUN/USDT perpetual contract trading will receive additional $SUN token rewards on top of the full fee rebate.

Political, monetary, and economic decisions are all intertwined. All eyes are on the Federal Reserve's December rate cut decision.

Is it about tacitly accepting a world policeman role played by the most powerful nation, or is it about striving to build an international judicial cooperation system based on equal sovereignty and genuine multilateralism?

San Francisco Fed President Mary Daly, Fed Governor Christopher Waller, and other Fed officials have voiced their support for a December rate cut, arguing that risks to the job market have outweighed the threat of inflation. The market reacted swiftly, with bets on a rate cut surging from 40% to 80%.

Amazon announced on Monday that it will invest up to $50 billion to expand the U.S. government’s AI and supercomputing capabilities, with construction scheduled to begin in 2026.

In the AI ​​era, ordinary people can hardly compete with quantitative trading giants in the stock market. Recognizing reality, staying away from high-frequency gambling, and protecting one's principal is the wise course of action.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse 8 AM," issue 2889, providing you with the latest and fastest news on the digital currency and blockchain industry.

On the eve of the South Africa summit, the G20's financial risk regulator warned world leaders that the booming private credit market and stablecoins deserve close monitoring.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

This article attempts to analyze the operational logic of so-called "spider web capitalism 2.0" by starting with the Chen Zhi case.

In the past month, a seemingly minor but significant event has occurred in the cryptocurrency industry, one that has shaken the entire ecosystem: publicly known Bitcoin miners have collectively fallen silent.