Recently, Bitcoin has fallen over 33%, causing panic in the market, and the entire encryption-related stocks zone has generally declined. Analysts believe that this round of dumping is due to risk aversion, but the Fed's possible interest rate cut expectations may bring rebound opportunities. MSTR is using financing to buy the dip amid the panic, showing a Whale trading strategy.

[Coin World] Polygon, Arbitrum, and Optimism, these Ethereum Layer 2s, now have daily volumes that have long surpassed the Mainnet.
Interestingly, this wave of migration has brought ETH back into an inflationary state, with the Mainnet TVL also dropping to around $66 billion, but market sentiment? Completely unphased.
Look at the derivatives side: open interest has piled up to over 15 billion USD, and the funding rate is still positive. Multiple valuation models are shouting—ETH is severely undervalued right now.
This contrast actually indicates one thing: people still recognize the value of Ethereum as the underlying infrastructure. Layer 2 has taken the spotlight from the Mainnet, but the roots of the entire ecosystem are still there. Data may fluctuate, but the consensus remains intact.

[Bit推] Today silver Spot has exploded again, with a single-day big pump of over 3%, and the price directly surged to $58.23/ounce, once again setting a historical record. The trend of precious metals is indeed fierce, and the risk aversion sentiment continues to ferment.

AVAX is currently struggling at the $15 level, forming a descending triangle pattern. If it loses the $14.14 support, it may fall to $9, a decrease of nearly 40%. If it holds, a rebound may occur, with a long-term target of $80. The upcoming trend will determine its future direction.

[Coin World] Canada's recent regulatory actions on stablecoins will honestly not have a significant impact on the local market. An economist has come out to say that the core of this issue is to make payments faster and more efficient, which is completely unrelated to preventing systemic risks.
But speaking of which, the price of stablecoins like USDT has risen quite sharply, but they are holding short-term asset reserves. This can easily lead to problems—what if a run on the bank occurs? The key is that if the issuer's accounts are unbalanced and there is no big player like the Federal Reserve to back them up, the promise of a 1:1 peg to the US dollar could be in jeopardy.
However, there are benefits for Canada: cross-border payments can operate 24 hours a day without interruption, and transaction fees may also decrease. This is a real advantage.

[Coin World] December 1st data is here: Today the Bitcoin ETF performed well, with 10 products collectively attracting 592 BTC, which is approximately 51.15 million USD. Ethereum over there is even stronger, with 9 ETFs flowing in 25,800 ETH at a value of 72.83 million USD. The SOL ETF was also active, with a net inflow of 83,144 SOL, with a market capitalization of about 10.52 million USD.
What do you think about this wave of capital movement?

Polygon co-founder Sandeep Nailwal is concerned that MSTR might become the next LUNA, warning that the industry cannot afford another major blow. He expressed cautious attention to Michael Saylor's ability to manipulate the situation, emphasizing the tense atmosphere in the current market.

The on-chain yield platform Altura has secured $4 million in financing, led by Ascension, with Moonfare and InnoFinCon participating in the round. The platform operates an on-chain treasury, offering users stable returns through strategies such as price arbitrage and hedging positions, making it suitable for DeFi players seeking low fluctuation.

[Coin World] DOT has crashed quite severely today, with a single-day big dump of 11.4% directly smashing to $2.02. Even more critically, the key support level of $2.05 has been directly breached. The market's panic sentiment is at an all-time high, with the selling volume soaring to 14.6 million coins, which is 280% higher than usual—this data is a bit scary.
The technical outlook is even less optimistic. Just when it seemed to rebound to $2.09, it was pushed back down, and the bearish strength is clearly dominant. Now all eyes are on the $2.00 key level; if it is breached, it could trigger a new round of selling pressure. In the short term, it won't be easy for bulls to turn the situation around.

[Chain News] In the past week, the company Bitmine has begun to make purchases again. Data shows that they have acquired nearly 96,800 ETH in one go, which is approximately 270 million dollars at the current price.
What's even more exaggerated is their total holdings — they currently hold over 3.72 million ETH, with a market value that has surpassed the $10 billion mark. This scale definitely qualifies as a whale level in the entire market.
It seems that institutions' enthusiasm for ETH allocation is still ongoing.

Last week, 【Block Rhythm】's Strategy was shopping again, increasing its holdings by 130 Bitcoins all at once, spending nearly 11.7 million dollars, which averages out to about 89,960 dollars per unit.
How many coins has this company hoarded now? Data as of the end of November shows that they are holding 650,000 Bitcoins, which is worth about $48.38 billion based on market value. The more critical aspect is the cost line—on average, each coin cost $74,436, which indicates a solid profit state. Looking at the buying rhythm, Strategy's faith in Bitcoin is indeed stable, and their strategy of buying on dips is quite aggressive.

Last week, 【Block Rhythm】 Strategy made another move, directly sweeping in 130 Bitcoins.
How much did it cost? 11.7 million dollars, which comes out to about 89,960 dollars per coin. The action was quick enough.
How much do they hold now? As of the end of November, the data shows a total of 650,000 Bitcoins, with a market value close to 48.4 billion dollars. The average cost price? 74,436 dollars.
If that's the case, there should still be quite a bit of unrealized profit on the books. After all, the initial cost of building positions is there, and although the market has fluctuated, the overall positions are still profitable.
However, to put it bluntly, this kind of sustained buying at such a scale is either a strong bullish outlook for the market or part of a strategic layout. In any case, retail investors cannot afford to play this game.

[Block Rhythm] December 1st news, Bitcoin is experiencing a sharp fall today, directly breaking through the psychological barrier of 85000 USD. The current price is oscillating around 84925 USD, with a 24-hour decline already expanding to 7.13%. Market sentiment is somewhat tense, and many investors are starting to watch and wait.

[Crypto World] BTC has plummeted again. This fluctuation once again illustrates a trend: the price movement of the crypto market is no longer a solitary battle; it is increasingly influenced by complex macroeconomic variables.

Recently, a new Address has withdrawn 56,291 ETH from a top exchange, worth nearly 160 million USD. This large transfer may indicate a strategic adjustment of funds. The market reaction is worth paying attention to.

Alts are facing a severe liquidity crisis. Ki Young Ju, the founder of CryptoQuant, pointed out that only coins that can attract new funds will survive. The current competitive focus is on capital acquisition, and the risks for alts that fail to participate in the liquidity battle are increasing.

[Coin World] XRP price is still struggling in a downward channel, and the technical aspects look quite difficult. However, interestingly, looking at the data from the XRP ledger, the number of payments and transaction processing speed are both steadily increasing.
This sense of disconnection between "sluggish coin prices and active on-chain activity" is quite rare—market sentiment hasn't caught up yet, while the network itself has been quietly working. Perhaps institutions are testing the channels? Or are practical application scenarios quietly being rolled out? Anyway, the data doesn’t lie; the on-chain activity is indeed there.

[比推] Zama has come up with a pretty fresh way to auction Tokens using their own fully homomorphic encryption technology. This time, they directly launched a sealed Bidding Dutch Auction on Ethereum, putting 10% of ZAMA Tokens up for sale.
The most interesting part is the bidding process using fully homomorphic encryption (FHE), where others cannot see how much you bid, thus avoiding the chaos of scientists rushing to get ahead or the Gas fee wars. Tokens can be used immediately without the locking mechanisms, providing a relatively fair opportunity for price discovery.
The timeline is quite tight: the抢购 starts from January 12 to 15, and distribution will be on the 20th. The ZAMA token will later be used in their protocol, mainly for encryption and decryption, and it can also be staked to earn yields. According to the official statement, the mainnet will officially launch before the end of the year, and the security of the FHE nodes will rely on it.

[Coin World] On-chain monitoring has discovered an interesting trend: On December 1st, a new Address transferred over 40,000 ETH from a leading exchange, specifically 42,225 ETH, which was approximately 120 million dollars at the time. The new Wallet made a large withdrawal, and this operation is worth following.