In the past week, there have been some movements on-chain. Lookonchain observed that 10 newly created Wallets received 2612 BTC from BitGo - which amounts to approximately 231 million dollars. This batch of new Addresses is collectively transferring funds, and their actions are quite synchronized.

[Block Rhythm] The market has been quite volatile recently, and the holdings data of several well-known large investors on a certain blockchain is quite interesting.
Let’s talk about that entertainment industry tycoon, who added 250,000 dollars in just 9 hours and is aggressively betting on ETH longs. Now, the Holdings have piled up to 7.7 million dollars, with an unrealized loss of 120,000. Yesterday was even worse, as the long positions experienced a chain liquidation, evaporating 1.25 million, and the account balance once dropped to only 110,000 dollars—his mental fortitude must be incredibly strong.
That mysterious account, jokingly referred to as the "opponent's position," is even more ruthless. The floating loss on ETH long positions has soared to $21.22 million, with a loss rate of -217%, and the cost price is stuck at $3,201, with a holdings scale of 146 million. At the same time, it is also holding on to XRP long positions, with an average position of $78.46 million at 2.29, also losing $10.49 million (-134%). Currently, it is the number one long position holder for ETH and XRP on the platform, and this kind of courage is not something ordinary people can compare to.
There is indeed a player who shorted ZEC and made a lot of money. It reached yesterday.

Hong Kong-listed telecommunications company Moon Inc. has once again acquired 7 Bitcoins, bringing its total holdings to 42 BTC, with an average holding cost of $90,363, currently showing slight unrealized losses. This reflects the interest of traditional companies in the allocation of digital assets.

[Coin World] Just noticed a big move on-chain - the wallet address of Ripple has received a total of 200 million XRP, which is approximately just over 400 million dollars at current prices. The sender is an unknown wallet, and it is still unclear who is behind it. What does a transfer of this magnitude usually mean? It could be an exchange deposit, internal fund adjustments, or other strategic arrangements. XRP holders may want to pay attention to any official announcements or market fluctuations that follow.

The big short Michael Burry is publicly shorting TSL stock, believing its valuation is too high. Burry's judgments are usually accurate, and the market reacts strongly to this, with the stock price movement of TSL being closely followed.

The Monetary Authority of Singapore has recently given Ripple the green light to significantly expand the scope of its regulated payment business locally. What does this mean? XRP and their stablecoin can now officially be used for Token Settlement.
Ripple has clearly regarded Singapore as a strategic hub for the Asia-Pacific market. After all, on-chain activities in this region have surged by almost 70% over the past year, and the cross-border payment pie is getting bigger and bigger. Obtaining the MAS license for expansion is equivalent to getting a stronger entry ticket in Southeast Asia and the entire Asia-Pacific.
For XRP holders, the compliance process has moved forward another step. For the entire payment sector, the boundaries between traditional financial regulation and crypto payment services are becoming increasingly blurred.

[Chain News] DeepSeek has released two major updates this time - V3.2 and V3.2-Speciale.
The former directly matches the reasoning ability of GPT-5 and can adjust tools in thinking mode, making the Agent significantly more adaptable. The latter is even more intense, specializing in mathematics and coding, and can rank among the top ten human competitors in top competitions like IMO and IOI.
The website, App, and API have all been updated. However, Speciale's API is only open until December 15th, so those who want to try it should hurry.
To be honest, the speed of performance improvement is a bit outrageous, especially in programming scenarios.

[Block Rhythm] The market has been quite interesting recently—on-chain data has been improving all the time. Wallet addresses are rising, on-chain interactions are active, Gas fees are still being collected, and there has been good progress in tokenization. But look at the prices? They just won't rise, and are even falling.
What does it often mean when there is a divergence between the fundamentals and price trends? The risk-reward ratio of BTC and ETH is honestly quite enticing right now. The signal for this layout may have already appeared; it just depends on who can understand this misalignment.

[Coin World] XCE NA, a listed company, has accumulated 9.27 Bitcoins, with an average cost of around $49,637. If ranked by the amount of holdings, they are currently in 164th place among all publicly disclosed companies holding Bitcoin assets. This size of holdings is not particularly large, but for corporate asset allocation, it can be considered a move towards encryption assets.

Goldman Sachs acquired Innovator Capital Management for $2 billion, expanding its presence in the structured encryption products sector. This acquisition adds $28 billion in regulated assets to Goldman Sachs' asset management division, demonstrating TradFi's rising interest in the crypto market.

[Coin World] A leading exchange recently issued a Mastercard, which is quite interesting. Users in the UK and the EU can directly swipe their cards to spend fiat or use over 400 types of Crypto Assets for consumption. Each transaction returns 1% cash back, and users can also transfer money to others in real time—whether it’s cash or stablecoin. Even more astonishing is that they are about to launch a vault feature, which reportedly offers an annual yield of over 10%. The key point? No trading fees and no ATM withdrawal fees. For those who frequently use Crypto Assets in Europe, this card indeed addresses many pain points.

[Coin World] Recently saw a rather interesting play - a UK fintech team has created an AI digital asset management platform that directly transforms Computing Power into tradable assets.
In simple terms, you don't need to buy mining machines or graphics cards yourself; you can directly connect to their global GPU network to earn daily returns. The platform supports multi-currency deposits and settlements in BTC, ETH, and USDT, and there is a mobile app available to check your earnings at any time, essentially packaging "Computing Power Mining" as a financial product.
This model actually combines AI automation with blockchain transparency. From the user's perspective, it seems like storing coins and earning interest, while behind the scenes, it operates on a GPU Computing Power network. For the average person, the threshold has indeed been lowered, but the stability of returns and risk disclosure still depend on the actual operational performance.
The trend of assetizing computing power is indeed a direction worth noting, especially with the current strong demand for AI computing power, which deserves attention for future developments.

Bitcoin mining profits continue to decline, with gross profits in November down 26% compared to the previous month, and the overall network computing power also decreased by 1%. The total market capitalization of publicly listed mining companies in the United States fell from 59 billion to 49 billion, a drop of 16%, while some companies performed differently.

Recently, a transfer of over 2 billion USDC has been detected on-chain, amounting to approximately 200.8 million USD, involving two unknown Wallets. This large-scale fund transfer has attracted market attention and may involve institutional fund allocation or exchange operations, but the specific purpose remains unclear.

[Coin World] On-chain monitoring shows that the DeFi lending protocol Aave has just transferred a huge amount of stablecoin to the HTX exchange—exactly 100 million USD in USDT. This operation is quite significant, and the motive for the transfer is not yet clear.

Ethereum will launch Fusaka on December 3, focusing on optimizing back-end technology and increasing the gas limit. In a sluggish market, this upgrade may attract institutional investment, and old suckers are also considering buying the dip and building a position.

On Sunday night, when the monthly candlestick closed, the market suddenly took a hit. Bearish sentiment swept through the English-speaking community, and those holding call options really got burned this time.
The trading circle is now focused on the position of 83,000 dollars—there aren't really any decent buy orders below this level. However, interestingly, despite this sharp fall, some people still believe that Bitcoin will eventually reach a new all-time high. The only question is when? No one can say for sure, and everyone feels a bit anxious.
In plain terms, the panic hasn't completely dissipated in the short term, and it really depends on whether the 83,000 defense line can hold.

Recently, the market has expressed concerns about a certain technology company's ability to repay its debts, but analysts point out that the company holds $55.8 billion in Bitcoin, indicating that the debt pressure is not significant. Only if Bitcoin falls below $12,700 could it potentially impact the company, and the company also has $1.44 billion in reserves for distribution of dividends. Despite the company's stock price dropping by 4.7%, its financial condition remains robust.