An address deposited 5,000 ETH into Binance. Flap supports fire relief efforts in Hong Kong.

Headline

▌An address deposited 5,000 ETH into Binance, bringing the total deposits over the past two weeks to over 13,400 ETH

According to on-chain analyst Ai Yi's monitoring, an address that bought WBTC at a low price four years ago and took profits at a high price this year deposited 5,000 ETH into Binance 10 hours ago, worth approximately $15.36 million. This address has cumulatively deposited 13,403.28 ETH into exchanges over the past two weeks, with a total value of $41.06 million. Currently, this address still holds 15,000 ETH and has interactions with addresses associated with GalaxyDigital; the ownership of the wallet cannot be confirmed at this time.

▌Flap Platform Meme Token Tax Mechanism Helps Animoca Hong Kong Fire Relief Fund Donate Over 76 BNB

Recently, on the Flap platform, a community-run Meme token ($Hong Kong Charity Fund) has donated over 76 BNB (approximately US$67,000) to the Hong Kong Relief Fund initiated by Animoca through its transaction tax mechanism. This donation was completed in less than a day. According to on-chain data, the tax generated from the Meme token transaction was donated to the Animoca charity address through the execution of a contract (address 0xE789548A54E8420DAa8977d27CD43fB6CEdE5D16). The on-chain transaction hash and data list can be viewed on the Dune platform. This case demonstrates a new model of spontaneous charitable donations by the crypto community through smart contract tax mechanisms.

SOL price is approximately $137.14, with a 24-hour change of approximately -1.36%；

DOGE price is approximately $0.14974, with a 24-hour change of approximately -0.31%；

XRP price is approximately $2.18, with a 24-hour change of approximately -0.1%；

TRX price is approximately **$0.28227, 24-hour change approximately +1.22%;** **WLFI price is approximately $0.15946, 24-hour change approximately -0.44%.** **Policy** **Trump: Revokes All Documents Signed by Former President Biden via Automated Signing Device** **US President Trump:** All documents signed by “Sleepy Joe Biden” via automated signing devices (approximately 92% of his signed documents) are hereby revoked and permanently invalidated, effective immediately. Automated signature devices may not be used without the special approval of the US President. The radical left-wing lunatics surrounding the Resolute Desk in the Oval Office have stripped Biden of his presidential powers. I hereby rescind all executive orders and other documents not personally signed by Biden, due to the alleged illegal operation by the operators of the automated signature devices. Joe Biden did not participate in the automated signature process, and if he claims to have participated, he will face perjury charges. Please be aware!

▌The UK will strictly investigate crypto asset taxation; exchanges must report full user data from 2026

Her Majesty's Revenue and Customs (HMRC) has issued new regulations. From January 1, 2026, all cryptocurrency exchanges operating in the UK must collect and retain complete user transaction records and report them in full to HMRC by 2027 for comparison with tax information and to combat crypto asset tax evasion. British tax experts warn crypto users to finalize their tax situation by the end of 2026 to avoid potential sanctions.

Blockchain Applications

▌U.S. Bank is testing a custom stablecoin on the Stellar network

According to Crowdfundinside, U.S. Bank, PwC, and the Stellar Development Foundation (SDF) announced that U.S. Bank is testing the issuance of a custom stablecoin on the Stellar network.

▌São Paulo, Brazil to pilot blockchain-based microloans for small rural producers

Brazilian fintech company Tanssi is launching a government-backed blockchain project to provide microloans to small rural producers in São Paulo through a mobile application and physical payment machines.

This project uses blockchain infrastructure built by Tanssi, enabling predictable transaction fees and reliability, rather than relying on public blockchains like Ethereum or Solana, and is expected to launch next month. Cryptocurrency ▌Peter Schiff: Wall Street is still chasing cryptocurrencies, but a real bull market is on its way. Gold advocate and economist Peter Schiff writes that silver prices have just broken through $56, hitting a new all-time high. Gold prices have reached $4,220. Mining stocks are soaring, while Bitcoin is falling. Wall Street is still chasing cryptocurrencies, but a real bull market is on its way. BlackRock Address Receives 16,629 ETH and 300 BTC in the Last 10 Minutes According to Onchain Lens monitoring, in the past 10 minutes, BlackRock received 300 BTC, worth $27.51 million, and 16,629 ETH, worth $50.64 million, from Coinbase. Over the past three days, they have received 4,044 BTC worth $354 million and 80,121 ETH worth $235 million. Arthur Hayes maintains his prediction that Bitcoin will reach $250,000 by the end of the year, a rise of approximately 170%. Former BitMEX co-founder and CEO Arthur Hayes maintains his prediction that Bitcoin (BTC) will rise to $250,000 by the end of the year, an increase of about 170%. Hayes believes Bitcoin has bottomed out, with last week's drop to $80,600 marking the bottom, and it has since rebounded by about 12%. Hayes points out that the US liquidity tightening cycle is nearing its end, with the Federal Reserve cutting interest rates by 25 basis points in October. The market expects quantitative tightening (QT) to end as early as the beginning of December, with an 87% probability of another rate cut on December 10th. Coupled with the reset effect of the cryptocurrency market leverage liquidation on October 11th, this will provide upward momentum for Bitcoin. Although he acknowledges that his prediction may be inaccurate, he remains optimistic in the long term. **Important Economic Developments** S&P Dow Jones Indices: All Affected Indices Have Resumed Operation. S&P Dow Jones Indices stated that all affected indices have resumed operation. The Federal Reserve's overnight reverse repurchase agreements (RRPs) saw $7.561 billion used on Friday, compared to $2.217 billion in the previous trading session. Goldman Sachs traders say the U.S. stock market landscape has become clearer as we enter December. Goldman Sachs' trading arm says that while the S&P 500 may close November flat, the path forward has become significantly clearer as volatility eases, market breadth improves, and trend-following strategies shift to the buy side. Multiple indicators suggest the market is stabilizing as we enter December. Lee Coppersmith of Goldman Sachs wrote in a report to clients that market breadth, measured by the five-day moving average of the number of advancing S&P components minus the number of declining ones, fell to -150 earlier this month, indicating “quite significant damage beneath the surface.” However, the indicator rebounded to around +150 just before Thanksgiving. “This is a huge change – a broader participation, not just a narrow squeeze, and it further suggests that the market has released a significant portion of the pressure by mid-month,” he added. Goldman Sachs' volatility index conveys a similar message. The index is currently around 5, slightly above its three-year average and well below its early November high. Positions for so-called systematic strategies have also been reset. Goldman Sachs traders estimate that the sell-off related to the S&P 500 over the past month amounted to approximately $16 billion, stating that these transactions fueled the previous stock market decline. With this round of risk aversion largely priced in by the market, the bank's baseline expectation for next month is now for net buying of approximately $4.7 billion. "This means we are starting December with a much cleaner head than we were a few weeks ago," Coppersmith wrote.

▌US stocks closed three hours early due to the Thanksgiving holiday, with all three major indexes rising for the fifth consecutive trading day

US stocks closed three hours early due to the Thanksgiving holiday, with all three major indexes rising for the fifth consecutive trading day. The Nasdaq rose 0.65%, the Dow Jones Industrial Average rose 0.61%, and the S&P 500 rose 0.54%. The Nasdaq has risen 4.91% this week, the Dow Jones Industrial Average has risen 3.18%, and the S&P 500 has risen 3.73%. Most technology stocks rose, with Intel closing up 10%, its biggest one-day gain since September 18; Meta rose more than 2%, and AMD, Amazon, Netflix, and Microsoft all rose more than 1%.

▌ECB President: Interest Rates at Appropriate Levels

ECB President Christine Lagarde stated that current interest rates are within an appropriate range, and the ECB is fully prepared for policy changes. "In my view, the interest rate levels set at the previous meetings were appropriate," Lagarde said in an interview. "Given that the inflation cycle is under control, we remain in a favorable position." When discussing risks to the inflation outlook, she noted that the scope of risks has narrowed, but if the US imposes additional tariffs or supply chains are disrupted again, prices could face renewed upward pressure.

Golden Encyclopedia

▌Can Artificial General Intelligence Really Think Like Humans?

When the lines between humans and machines become blurred, we see Artificial General Intelligence (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.