Tether CEO Paolo Ardoino says Q3 2025 attestation shows billions in excess reserves and nearly $30B in group equity, countering misinterpretations by external analysts. source: https://btcusa.com/tether-ceo-paolo-ardoino-says-group-equity-nears-30b-as-analysts-misinterpret-reserve-data/

Ethereum enters December with a major technical catalyst on the horizon, yet market sentiment has barely reacted. The upcoming Fusaka upgrade, scheduled for December 3, introduces faster block processing, cheaper gas fees, and more efficient scaling logic. Despite its significance, Ethereum’s price continues to lag far behind its underlying fundamentals source: https://www.ethnews.com/ethereums-fusaka-upgrade-could-be-the-most-overlooked-catalyst-of-q4/

According to Cointelegraph, the Cocoon decentralized AI network, a privacy-focused distributed computing platform built on The Open Network (TON), officially launched on Sunday. TON is an independent layer-1 blockchain associated with the Telegram messaging application. Cocoon enables graphics processing unit (GPU) owners to rent their computing power to the network, processing user queries in exchange for Toncoin (TON), the native token of the TON blockchain. The decentralized AI network has already processed its initial user requests, with GPU owners beginning to profit from renting out their hardware. Telegram co-founder Pavel Durov highlighted the advantages of Cocoon, stating that centralized compute providers like Amazon and Microsoft act as costly intermediaries, increasing prices and compromising privacy. Cocoon addresses both economic and confidentiality concerns linked to traditional AI compute providers. Durov announced Cocoon's release at the Blockchain Life 2025 conference in Dubai, United Arab Emirates, responding to user demand for an AI platform that safeguards privacy and data from large, centralized AI service providers. The blockchain community, privacy advocates, and cypherpunks have long cautioned against the adverse social impacts of centralized AI, promoting decentralized AI networks as a public benefit. Centralized AI systems grant governments and corporations significant control over individuals, potentially compromising user privacy, threatening cybersecurity measures, and enabling social conditioning by organized entities, according to David Holtzman, chief strategy officer of the Naoris decentralized security protocol. Blockchain technology can mitigate these threats by verifying information sources, ensuring tamper-proof records, and facilitating trustless communication among nodes on distributed computing networks. In 2024, AI researchers from the Dfinity Foundation, which oversees the development of the Internet Computer Protocol (ICP), along with executives from decentralized AI developer Onicai, proposed seven rules to ensure ethical AI. These guidelines include running AI through permissionless blockchain networks to guarantee transparency and data integrity. A poll conducted by the Digital Currency Group (DCG) in May revealed that 77% of the 2,036 respondents believed decentralized AI would benefit society more than centralized systems.

Exploring the Insights Provided by mNAV Regarding Bitcoin Treasury Companies: Understanding Its Importance and Recognizing Its Limitations. source: https://www.coindesk.com/business/2025/11/30/what-mnav-really-tells-you-about-bitcoin-treasury-companies-and-where-it-falls-short

Robert Kiyosaki sends harsh warnings about the collapse of purchasing power. source: https://www.thestreet.com/crypto/markets/rich-dad-poor-dad-author-says-traditional-savings-are-losing-value-recommends-alternative

The withdrawals come ahead of CoinShares' planned U. S. public listing via a $1. 2 billion SPAC merger with Vine Hill Capital. source: https://www.theblock.co/post/380818/coinshares-withdraws-us-spot-etf-filings-for-xrp-solana-and-litecoin-ahead-of-nasdaq-listing?utm_source=rss&utm_medium=rss

The privacy-preserving decentralized AI platform is built on top of The Open Network, and users earn TON for renting out computing power. source: https://cointelegraph.com/news/telegram-durov-cocoon-decentralized-ai-live?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

On Nov 30, 2025, 21:23 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 91,000 USDT and is now trading at 90,971.609375 USDT, with a narrowed narrowed 0.03% increase in 24 hours.

A rare on-chain pattern is forming on Binance, according to fresh CryptoQuant data: major cryptocurrencies are flowing out of the exchange while stablecoin reserves surge sharply. This combination typically appears at key turning points in market sentiment, indicating that traders are securing profits and sitting on substantial “dry powder” for the next major move. source: https://www.ethnews.com/huge-shift-on-binance-crypto-outflows-surge-while-stablecoins-pile-up/

تندفع موجة قوية وغير عادية من رأس المال العالمي إلى الأسواق الأمريكية. يقوم المستثمرون الأجانب بشراء الأسهم الأمريكية بوتيرة قياسية، ويتغير الطلب على الخزانة الأمريكية على مستوى الهيكلي، وتزداد التدفقات المحلية مع اقتراب نهاية العام. في الوقت ذاته، وصل الدين الاستهلاكي الأمريكي إلى أعلى مستوى له في التاريخ. بالنسبة لمستثمري العملات الرقمية والأسهم، تشير حجم واتجاه هذه التدفقات إلى تحول كبير في شهية المخاطرة ووضع الماكرو العالمي source: https://ar.beincrypto.com/foreign-investor-us-stocks-record-2025/

“我们的核心诉求非常明确—— 物归原主，也就是归还中国受害者。”

11月29日，中国人民银行官方发布文章《打击虚拟货币交易炒作工作协调机制会议召开》，对于虚拟货币及稳定币进行了最新论述。

稳定币,监管,法律,稳定币的 2025：你在红楼 我在西游 金色财经,谁在红楼，谁在西游？想来我们心中或似都有答案。

2025 年 12 月 3 日，以太坊将在主网激活“Fusaka”升级，这是继 5 月的“Pectra”升级之后，今年第二次重大硬分叉。

2025 年 11 月 28 日，中国人民银行召开打击虚拟货币交易炒作工作协调机制会议。

Vitalik 往年着重在探讨技术，今年则转向探讨以太坊"存在价值"，反映以太坊正在从基础建设阶段转向定位其在链上的影响力。

2025 年，AB 慈善基金会持续加大对东帝汶的支持力度，从教育与基础民生两条主线同步发力，围绕当地青年和困境儿童，推出具有延续性与互补性的公益项目，推动当地社会的可持续发展。

Taken together, these two initiatives in Timor-Leste amount to a total of USD 1,191,412 in support. By combining scholarships with in-kind assistance, the Foundation is addressing both “present-day necessities” and “future opportunities,” demonstrating its global, long-term commitment to its mission of “Technology for Good, Empowering the Future.”

金色周刊是金色财经推出的一档每周区块链行业总结栏目，内容涵盖一周重点新闻、行情与合约数据、矿业信息、项目动态、技术进展等行业动态。

你可以理解为：如果你在TGE时买入且未在最高点抛售，你的盈亏情况与同级其他代币相比如何？