稳定币发行商 Tether 首席执行官 Paolo Ardoino 在 X 平台发文表示，根据今年三季度最新鉴证报告，Tether 持有数十亿美元的超额储备缓冲，Tether 的总资产规模已达到约 2150 亿美元，而稳定币负债约为 1845 亿美元。此外，标普的错误在于没有考虑仅 Tether 持有的美国国债每月就能产生约 5 亿美元利润收益，而且他们很可能有意为之，以支持 Tether 的竞争对手。

Key Insights BitMEX co-founder Arthur Hayes observed earlier today that Tether is quietly repositioning itself ahead of what he expects to be the Federal Reserve’s next round of rate cuts. In his view, the company’s latest attestation makes the shift easy to spot: it’s holding fewer Treasuries and leaning more heavily into Bitcoin and gold. source: https://www.thecoinrepublic.com/2025/11/30/arthur-hayes-raises-red-flags-over-tether-pivot-to-bitcoin-and-gold-reserves/

The dYdX community has approved a plan that was proposed in late November 2025 called the Liquidation Rebates Pilot Program. It has been touted as a reward system expected to mitigate the blowback from future liquidations, thereby encouraging liquidity and risk management. According to a recent X post from dYdX, the plans for compensation have […] source: https://www.cryptopolitan.com/dydx-to-compensate-liquidated-traders/

据 The Data Nerd 监测，某以太坊 OG 鲸鱼于 6 小时前将 5000 枚 ETH 存入币安，价值 1505 万美元，过去两周该鲸鱼已出手总计 18403 枚 ETH，价值 5610 万美元，五年前他的平均投资额为 559 美元，如今已实现利润约 4582 万美元，投资回报率达 445%。

XRP recorded a strange one-hour print with $0 wiped from short liquidations, pushing traders to watch how XRP's price reacted inside the crucial $2. 20 zone right after the hit. source: https://u.today/xrp-records-abnormal-0-in-liquidations-heres-xrp-price-reaction

Arthur Hayes highlights Tether's asset strategy shift, suggesting potential risks. Fresh insights fuel community debate on crypto's financial solidity. source: https://coincu.com/news/tether-asset-strategy-shift-insight/

Financial markets are heading into one of the most consequential weeks of the quarter, with a dense cluster of Federal Reserve signals and major economic releases set to steer sentiment across stocks, bonds, and crypto. Investors are preparing for volatility as multiple datasets converge with high policy relevance and the end of quantitative tightening adds […] The post Here Are the U. S source: https://www.ethnews.com/here-are-the-u-s-events-traders-say-could-influence-crypto-right-now/

Nasdaq is pushing ahead with one of its most ambitious modernization efforts in years: a regulated system for trading tokenized versions of publicly listed stocks. source: https://www.ethnews.com/nasdaq-races-to-secure-sec-approval-for-tokenized-stock-trading-framework/

null source: https://x.com/BTC_Archive/status/1995150113224659076

Zcash is coming under fresh scrutiny after Ethereum co-founder Vitalik Buterin urged the project to avoid adopting token-based governance, a model he believes would weaken Zcash’s core mission of protecting privacy. His comments arrive at a time when ZEC is already struggling on the charts, falling steadily throughout the last week. source: https://www.ethnews.com/vitalik-buterin-warns-zcash-against-token-based-governance-as-zec-price-slides/

“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？