Bitwise 向美国证券交易委员会（SEC）更新了其现货 Avalanche ETF 的申请文件，这一修订将 Avalanche ETF 的代码变更为 BAVA，并将赞助费费率设定为 0.34%，目前在同类产品中最低。相比之下，VanEck 的 Avalanche ETF 费率为 0.40%，灰度的则为 0.50%。更新版 S-1 申请文件还表示，将允许该信托在 Avalanche 的权益证明网络上质押其持有的多达 70%的 AVAX，以赚取额外的代币。不过发行方考虑将收益产生的 12%作为费用扣除，其余部分则分配给股东。由于竞争对手尚未开展质押业务，目前他们的费用仅限于赞助费。Bitwise 还针对首批 5 亿美元资产在第一个月提供全额费用减免，旨在将 BAVA 定位为传统投资者获取 Avalanche 敞口和质押收入的成本最低的方式。（CoinDesk）

欧洲最大的资产管理公司 Amundi 推出了其首个用于欧元货币市场基金的代币化份额类别。该基金现在以混合结构提供，允许投资者在传统版本和基于区块链的新版本之间进行选择。首笔交易已于 11 月 4 日在以太坊网络上记录。此次产品推出是与欧洲资产服务集团 CACEIS 合作完成的，该集团提供了代币化基础设施、投资者钱包以及用于处理申购与赎回的数字化订单系统。据两家公司表示，将基金代币化能简化订单处理流程、拓宽新的投资者渠道，并实现 24/7 全天候交易。（Cointelegraph）

Balancer 协议社区的两名成员于周四提交了一项提案，概述了一部分从该协议 11 月发生的 1.16 亿美元攻击事件中追回资金的分配计划。在这起 1.16 亿美元盗窃事件中，大约 2800 万美元已由白帽黑客、内部救援人员以及以太坊流动质押平台 StakeWise 追回。不过，该提案仅涉及由白帽黑客和内部救援团队追回的 800 万美元，至于 StakeWise 追回的近 2000 万美元，将会单独分配给其用户。（Cointelegraph）

According to BlockBeats, data from Glassnode indicates that as of Wednesday, the top 1% of addresses hold 97.6% of the Ethereum supply, an increase from 96.1% a year ago. Despite this concentration, Iliya Kalchev, a scheduling analyst at digital asset platform Nexo, notes that the market reaction remains "restrained." Stable capital inflows and rising derivatives trading activity suggest that investors are selectively rebuilding portfolios rather than actively rotating across the financial system.

Key Insights Something interesting is happening with Ethereum traders. Most top coins achieved some bullish relief, and the data signaled that ETH investors have been positioning as recovery accelerates. Ethereum traders are reportedly optimistic that the Latest uptick may extend into the weekend and possibly into next week source: https://www.thecoinrepublic.com/2025/11/28/are-ethereum-investors-positioning-for-a-major-short-term-move/

الرؤى الرئيسية هناك شيء مثير للاهتمام يحدث مع متداولي الإيثريوم. فقد حققت معظم العملات الرئيسية بعض الارتياح الصعودي، وأشارت البيانات إلى أن مستثمري الإيثيريوم قد اتخذوا مواقعهم مع تسارع التعافي. أفادت التقارير أن متداولي الإيثيريوم متفائلون بأن الارتفاع الأخير قد يمتد إلى عطلة نهاية الأسبوع وربما إلى الأسبوع المقبل source: https://www.thecoinrepublic.com/ar/2025/11/28/%d9%87%d9%84-%d9%8a%d8%b3%d8%aa%d8%b9%d8%af-%d9%85%d8%b3%d8%aa%d8%ab%d9%85%d8%b1%d9%88-%d8%a7%d9%84%d8%a5%d9%8a%d8%ab%d8%b1%d9%8a%d9%88%d9%85-%d9%84%d8%aa%d8%ad%d8%b1%d9%83-%d9%83%d8%a8%d9%8a%d8%b1/

According to Cointelegraph, while some early Ethereum investors are cashing out, the wealthiest Ether holders are quietly accumulating the cryptocurrency despite the market's challenges. An Ethereum initial coin offering (ICO) participant recently sold $60 million worth of Ether, achieving a remarkable 9,500-fold return on investment over 11 years. This investor initially purchased Ether at approximately $0.31 per token, spending $79,000 on 254,000 tokens, which are now valued at over $757 million, as reported by blockchain data platform Lookonchain. Following this sale, the ICO participant's wallet, identified as '0x2Eb,' retained $9.3 million in Ether, according to crypto intelligence platform Nansen. While some in the crypto community commend the investor's patience, others express concern that such profit-taking might signal potential market declines. However, the activity of this investor does not suggest panic selling but rather a consistent strategy of profit-taking, as the wallet has been gradually reducing its holdings since early September. Despite these developments, the top 1% of Ether holders continue their accumulation undeterred by the market downturn. The proportion of Ether held by these addresses increased to 97.6% on Wednesday, up from 96.1% a year ago, according to blockchain data platform Glassnode. Additionally, U.S. spot Ether exchange-traded funds (ETFs) have resumed their accumulation, recovering after eight consecutive days of net outflows. These ETFs recorded $60 million in net positive inflows on Wednesday, marking the fourth consecutive day of gains, as noted by Farside Investors. Despite the constructive inflows into Ether ETFs and the upcoming Ethereum Fusaka upgrade, the market's response remains measured, according to Iliya Kalchev, a dispatch analyst at digital asset platform Nexo. Kalchev explained that the combination of steady inflows and increased derivatives activity indicates that investors are selectively rebuilding exposure rather than aggressively rotating across the market. This cautious approach reflects a strategic rebuilding of positions amid ongoing market fluctuations.

According to Odaily, Arthur Hayes has predicted that by the end of 2026, the pricing of the largest U.S. stocks will transition to blockchain platforms. He suggests that the market focus will shift from the Nasdaq to perpetual contract charts, facilitated by 24/7, global, and intermediary-free trading.

Arthur Hayes 表示，到 2026 年底，美国最大股票的定价将转移至链上。届时，市场将关注永续合约图表而非纳斯达克，这得益于全天候、全球化、无中介的交易。

Google ended its EU antitrust complaint against Microsoft, but the company still faces an active investigation into its cloud licensing practices. source: https://tokenist.com/microsoft-scores-a-legal-win-as-google-drops-its-eu-antitrust-fight/?utm_source=rss&utm_medium=rss&utm_campaign=microsoft-scores-a-legal-win-as-google-drops-its-eu-antitrust-fight

Dunamu、Naver Financial 昨日刚宣布合并计划，今日 Upbit 资产即被盗，特别是在考虑寻求纳斯达克 IPO 的敏感时期，无疑对其拓展计划构成挑战。

人类历史的至暗时刻，往往是技术的「进攻优势」＞「防御优势」，d/acc 正是要扭转这一失衡。

今日晚间推荐阅读：1.为何传统金融衍生品交易都将永续合约化？；2.Vitalik力挺的两个应用是何来头？隐私通信是下个风口吗；3.为何现在的新公链从一诞生就伴随着骂声？；

稳定币,稳定币收益的崩塌 金色财经,轻松赚取加密货币收益的时代真的结束了吗？

South Korea is tightening crypto rules by extending the Travel Rule to smaller transactions of 1 million won (around US$680). Exchanges and users will face stricter reporting and checks to stop illegal activity and improve market oversight.

加密货币,代币经济,非上市公司股权代币化：万亿级「围城」 与被永续合约抢走的注意力 金色财经,股权代币化如何打破非上市公司股权的机构垄断围墙？

今年早些时候，Movement 基金会旗下代币 MOVE 在做市商抛售 3800 万美元后暴跌近 20%，导致散户投资者深度套牢。

“Uptober” 在比特币刷新历史新高的推动下强势开局。

South Africa’s central bank has announced that it will be retreat from the retail CBDC race-at least for now. In a paper released on Thursday, the South African Reserve Bank (SARB) said that there is currently no immediate need for a central bank digital currency, despite it being technically feasible.

Switzerland has delayed sharing crypto account information with foreign tax authorities until 2027. The pause gives banks, crypto platforms, and investors extra time to prepare systems and ensure compliance with international reporting rules.