Headline
▌“1011 Insider Whale” Closes 5000 ETH 5x Leveraged Short Position, Profiting Approximately $55,000
According to on-chain analyst Ai Yi (@ai_9684xtpa), the “1011 Insider Whale” has closed its 5000 ETH 5x leveraged short position established yesterday, at a price of approximately $2989.85, accumulating a profit of approximately $55,000. On-chain data shows that this address currently still holds 10.83 million USDC margin in its perpetual contract account; whether it will continue to build positions is currently unknown.
▌A dormant pre-mining address containing 40,000 ETH was activated after 10.3 years of dormancy, worth nearly $120 million
According to monitoring by on-chain data tracking service WhaleAlert, at around 7:39 AM Beijing time, a dormant pre-mining address was activated after 10.3 years of dormancy, containing 40,000 ETH (worth $119,651,157), while in 2015 these ETH were only worth about $12,400.
**Market Updates** As of press time, according to CoinGecko data: **Bitcoin (BTC):** Approximately $91,029 USD, up $200 (approximately +0.22%) in the last 24 hours. **Ethereum (ETH):** Approximately $3,010.73 USD, down $25.75 (approximately -0.85%) in the last 24 hours. BNB (BNB): Approximately 878.6 USD, down 7.49 USD (approximately -0.85%) in the last 24 hours. Solana (SOL): Approximately 136.60 USD, down 0.69 USD (approximately -0.50%) in the last 24 hours. Dogecoin (DOGE): Approximately 0.14921 USD, down 0.00097 USD (approximately -0.64%) in the last 24 hours. XRP (XRP): Approximately 2.21 USD, up 0.03 USD (approximately +1.38%) in the last 24 hours. TRON (TRX): Approximately 0.28058 USD, down 0.00148 USD (approximately -0.52%) in the last 24 hours. World Liberty Financial (WLFI): Approximately 0.16044 USD, up 0.00055 USD (approximately +0.35%) in the last 24 hours. Policy: ▌US SEC Commissioner: Cryptocurrency self-custody is a fundamental right. US Securities and Exchange Commission (SEC) Commissioner and head of the SEC's Cryptocurrency Task Force, Hester Peirce, reiterated the rights to self-custody of cryptocurrencies and privacy in financial transactions. Peirce added that online financial privacy should be the standard. Meanwhile, according to Senator Tim Scott, the "Clarity of the Digital Asset Market Structure Act" has been delayed until 2026. This bill is a cryptocurrency market structure bill that includes provisions on self-custody, anti-money laundering (AML) regulations, and asset classification.
▌ US airports are conducting "almost constant" patrols in international airspace near the capital.
According to The Washington Post: US airports are conducting "almost constant" patrols in international airspace near the capital and are intensifying anti-drug operations.
Blockchain Applications
▌Crypto Payments Company Truther to Launch Non-Custodial USDT Visa Card in El Salvador
Crypto payments company Truther will launch a new card in El Salvador on January 29th. Through a partnership with Visa, users can spend USDT directly from their self-custodial wallets. The card requires no pre-deposit or custodial service, has a 2% currency exchange fee, and is exempt from IOF tax for Brazilian users. Truther plans to expand its service to countries such as Argentina, Mexico, Colombia, and Russia, and will integrate more local stablecoins into its self-custodial wallets by early 2025.
Blockchain Applications
▌Crypto Payments Company Truther to Launch Non-Custodial USDT Visa Card in El Salvador
The Wyoming Stablecoin Council has launched a testnet "faucet" for its stablecoin Frontier Stable Token (FRNT). Anyone with a digital wallet can now connect to their website and choose one of eight testnets.
Afterward, up to 1,000 "tFRNT" tokens can be claimed every 24 hours from its public address. tFRNT is not backed by any reserves; it is simply a token on a testnet (i.e., development) blockchain designed to "simulate smart contracts deployed on its seven supported mainnet blockchains."
Previously, the Wyoming stablecoin FRNT was still unavailable for purchase after its mainnet launch last month. Cryptocurrency ▌dYdX Community Approves New Proposal for "Liquidation Rebate Pilot Program" On November 30th, the dYdX community approved a new proposal for a "Liquidation Rebate Pilot Program," which will launch a one-month pilot program on December 1, 2025. This program will reward traders who experience liquidation events with points and rebates, up to a maximum of $1 million. 80% of Bitcoin Addresses Are Currently Profitable According to Bitcoin News, 80% of Bitcoin addresses are currently profitable. BitMEX Co-founder: Tether Team in the Early Stages of a Large-Scale Interest Rate Trade BitMEX co-founder Arthur Hayes posted on social media that the Tether team is in the early stages of a large-scale interest rate trade. My interpretation of this audit report is that they believe the Federal Reserve will implement interest rate cuts, which will severely erode their interest income. In response, they are buying gold and Bitcoin; theoretically, when the cost of funding decreases, the prices of these assets should rise significantly.
If gold and Bitcoin holdings experience a drop of approximately 30%, their equity will be depleted, at which point USDT will theoretically become insolvent. I believe some large holders and exchanges will request to see their balance sheets (B/S) in real time to assess Tether's solvency risk. Get ready for popcorn; I expect the mainstream media (MSM) to make a big deal out of this, especially those editors with "Trump aversion syndrome" (TDS)—they're already resentful of Lutnick and Cantor's support for this stablecoin, and this will be their opportunity to launch an attack. Sahara AI: Noticing Abnormal Price Fluctuations in SAHARA, Internal Investigation Underway On November 30th, Sahara AI officially stated that they are aware of abnormal price fluctuations in the SAHARA token and have launched an internal investigation. Currently, there are no security risks or product-related issues on the Sahara platform, and further updates will be provided later.
Previously, SAHARA briefly fell 45.13% to $0.035 last night, and is currently trading at $0.0445. Monad Founder: Arthur Hayes' Recent Comments on Monad Taken Out of Context; Willing to Give Away Some MON Tokens for Trial Use. Monad's founder publicly responded to Arthur Hayes' recent comments on the project, stating, "Over the past few days, I've noticed your numerous comments on Monad. While I'm certain some of these comments may have been taken out of context, I think you might be interested in understanding Monad's unique features and why it's not just another Layer 1 blockchain. Monad is a high-performance decentralized blockchain built from scratch based on a completely new technology stack." The team points out that within just 6 days of its mainnet launch, Monad already has 170 globally distributed validators, achieving a high-speed experience with 1-2 second transaction processing, while maintaining a high degree of decentralization and trust neutrality. Core innovations include: the MonadBFT consensus mechanism solving the tail fork problem in pipeline consensus; asynchronous execution allowing consensus and execution to proceed in parallel; EVMJIT compilation into native code; and the new database Monad. The team highlighted features such as Db, the new block propagation mechanism RaptorCast, and a parallel execution architecture. They emphasized that all code is open source and they will continue research in areas such as gas pricing, privacy, and asynchronous execution.
Furthermore, MON is the first token issued on the Coinbase Token Sales platform, employing a "bottom-fill" approach to prevent whale monopolies. The team welcomed more users to experience the network. According to DL News, investment institutions have already invested nearly $25 billion in crypto companies in 2025, exceeding last year's figure by more than 150%, far surpassing market expectations. Leading institutions participating in transactions this year include technology-focused Paradigm and Sequoia Capital, as well as Wall Street giants BlackRock, JPMorgan Chase, and Goldman Sachs. According to DefiLlama data, the most popular sectors are: centralized exchanges ($4.4 billion in funding), prediction markets ($3.2 billion in funding), and DeFi platforms ($2.9 billion in funding).
Jordan Knecht, Head of Institutional Strategy at blockchain services company GlobalStake, points out that projects currently attracting capital need to meet regulatory transparency, operational resilience, and be compatible with traditional financial institutions and their standards. In volatile markets, investors prefer to establish compliant and sustainable business models that lay a long-term foundation for the asset class. Google is building a hardware and software ecosystem to deploy its custom TPUs, according to The Information. This ecosystem poses the most credible long-term threat to Nvidia's monopoly in the AI chip field by deploying its custom TPUs. Morgan Stanley: Oracle to More Than Double Net Adjusted Debt to $290 Billion in Fiscal Year 2028 According to The Information, Morgan Stanley states that Oracle's corporate borrowing and data center leases will more than double its net adjusted debt to approximately $290 billion in fiscal year 2028, compared to approximately $100 billion currently. Golden Encyclopedia Can Artificial General (AGI) Really Think Like Humans? When the lines between humans and machines become blurred, we see Artificial General (AGI). Unlike Artificial Intelligence in the Narrow Sense (ANI), which uses AI to solve single problems, AGI refers to AI that can understand, learn, and apply knowledge in a way that is difficult to distinguish from human cognition. AGI is still in the theoretical stage, but the prospect of AI fully replacing human input and judgment has naturally attracted widespread attention, and researchers, technology experts, and academics are working hard to turn the concept of AGI into reality. Although AGI is still in the theoretical stage, its enormous potential makes it a science fiction version of AI. While existing models (such as ChatGPT) are constantly being developed and improved, the journey to making AGI a reality still requires overcoming significant technical challenges. The question of whether general AI can think like a human delves into the core of human cognition. Human thinking is characterized by consciousness, emotional depth, creativity, and subjectivity. While general AI can simulate some aspects of human thinking, replicating the full range of human cognition is a formidable challenge. The touchstone of general AI lies in whether it can fully replicate human experience. Once achieved, its potential benefits will be immense, benefiting all walks of life and impacting every aspect of daily life. Despite its limitations, artificial general intelligence (AGI) is increasingly seen as a positive force across various industries. AGI could create computers as intelligent as humans, revolutionizing fields like cryptocurrency trading and market analysis. However, AGI requires trust and fairness to benefit everyone. Blockchain, the technology behind Bitcoin and Ethereum, offers a secure and transparent way to achieve this. However, persistent challenges such as slow blockchain speeds, crypto transaction latency, and limited storage capacity may hinder AGI from processing data quickly or handling large datasets. To prepare blockchain for AGI, researchers are exploring off-chain storage, sharding and danksharding, and data pruning. AGI represents the pinnacle of AI development, promising capabilities comparable to human intelligence. While AGI can simulate certain aspects of human thought, achieving truly human-like cognition remains a distant goal. Consciousness, emotional depth, and creativity are inherent properties of human experience and pose significant challenges to AGI. Nevertheless, the pursuit of general artificial intelligence continues to drive innovation and reshape our understanding of intelligence.
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