Yearn Finance, with the assistance of the Plume and Dinero teams, successfully recovered 857.49 pxETH, worth approximately $2.39 million, and indicated that it will continue to work on recovering the remaining assets and returning them to affected users, demonstrating a proactive approach to handling user asset issues and setting a good example for the DeFi industry.

Recently, the market has been lively, with XRP and BNB remaining stable, supported by real-world applications and institutional funding. A new project that analysts are following, Ozak AI, has raised $4.7 million in its presale, focusing on AI infrastructure, which has potential for high returns but also relatively high risks.

[Block Rhythm] Just now, during this pullback of ETH, brother Ma Ji Huang Li Cheng's long order got liquidated again.
On-chain data shows that he was liquidated for 400 ETH at the position of 2792 dollars, directly evaporating 1.11 million dollars. Now he only has 4.52 million dollars left in his position.
Worse still, the 1 million dollars he deposited into Hyperliquid last week now only sits at 140,000 in his account. In just a few days, the principal has been chopped down to barely a tenth.
Even the big players can't hold up against this market trend.

[Chain News] A major move has occurred in the digital asset field - the Gleec platform has just announced the acquisition of the entire Komodo ecosystem for $23.5 million. This transaction is not simple, as Komodo is one of the pioneers in the encryption world to master atomic swaps and Cross Chain Technology.
What does this acquisition entail? It packages the Komodo brand, the complete technology stack, and the token infrastructure, even taking the core development team along. For Gleec, this is essentially like directly acquiring a mature system that is already providing technical support for its own DEX. More importantly, they can quickly integrate this setup with their own encryption debit card, virtual IBAN accounts, and fiat deposit and withdrawal channels, which opens up a lot of possibilities.
Interestingly, Gleec also plans to use Komodo's technology for white-label services, specifically selling to institutional clients who want cross-chain capabilities but do not want to deal with custodial cross-chain bridges.

[Block Rhythm] The market has indeed been a bit tough lately. The latest views from a well-known research institute's analyst team are worth following – they say that they are still "waiting for the real bottom signal of Bitcoin," but this time it is different from the previous big dumps.
First, let's look at the data: over the past month, Coinbase's stock price has fallen by 21%, Circle has suffered even more with a nearly 40% drop, and even Robinhood couldn't hold up, dropping 12%. However, these analysts seem quite calm, stating that the real bubble is actually concentrated in those small projects that blindly follow the Strategy model, while the fundamentals of core companies are still quite solid.
They mentioned an interesting point: many mainstream crypto companies are now quietly transforming and no longer rely solely on trading fees to sustain themselves. When the regulatory environment was unclear, many ideas were not able to take shape, but now that the policy environment is warming up, these companies are starting to genuinely expand their new business lines. So on the surface,

Recently, the market has been following the bottom trend of Bitcoin, and analysts suggest that this adjustment may be different from previous ones. Although the stock prices of leading encryption companies have fallen, their operational situation remains robust, and core players are adjusting their strategies. Companies are starting to diversify their development, breaking away from the model of solely relying on transaction fees, showcasing stronger operational resilience.

[Bihu] A significant action has just been detected - within the past two hours, a brand new Address transferred 56,291 ETH directly from a large platform to an on-chain Wallet.
Withdrawals of this magnitude usually attract market attention, which could be due to institutional rebalancing, large holders storing in cold wallets, or preparations for on-chain operations. The specific intentions are still unclear, but capital flows of this scale are often worth monitoring for subsequent trends.

HaLLu has recently been meeting frequently with large encryption funds to discuss opportunities for on-chain tools and infrastructure, especially under the influence of the Meme craze, emphasizing the optimization of trading experience and liquidity solutions. Future collaboration progress will be announced through official channels.

The Bank of Israel has recently tightened its regulatory stance on stablecoins. Governor Yaron pointed out that the global stablecoin market is highly concentrated, with 99% of the market share controlled by two companies, posing systemic risks. The Central Bank requires issuers to have sufficient reserves and establish effective regulatory systems, while also advancing the digital shekel project, aiming to strengthen the regulation of private stablecoins and develop its own central bank digital currency.

Gate Web3 has launched the new BountyDrop module with the Baumz project airdrop event. Complete tasks to participate in the lottery and share $50,000 in tokens. At the same time, the Liquidity Pioneer Program is also underway, where both the project party and Liquidity Providers can receive rewards. The event is funded by Gate Web3 to promote project liquidity.

The third phase of the GUSD minting event will be held from December 1st to 15th, targeting new users with a maximum annualized return of 100%. In addition, there will be a trading airdrop event where completing tasks can earn 320 GUSD, and users participating in trading for the first time can receive a 10 GUSD welcome gift. The entry barrier is low, making it suitable for users who want to try stablecoin returns.

[Coin World] Japanese listed company Metaplanet has made another major move – this time planning to raise $136 million to continue accumulating Bitcoin. It seems they are determined to treat BTC as a core asset for allocation, and this operation directly enhances the asset-liability ratio's gold content. Institutional buyers are continuously getting on board, and the market signals are quite clear.

[Block Rhythm] At the beginning of December, there was quite an interesting phenomenon - the digital asset ETP finally turned the tide.
It should be noted that there was a period when funds were flowing out rapidly, with bloodshed all around. As a result, last week saw a direct reversal, with a net inflow of 1.07 billion USD. This turnaround was mainly triggered by John Williams from the Federal Reserve, who hinted at interest rate cuts, and the market immediately caught the scent.
The situation is most intense in the U.S.; although trading is quiet during the Thanksgiving holiday, nearly 1 billion in funds are still pouring in.
Specifically regarding the cryptocurrencies: Bitcoin absorbed 464 million, Ethereum took 309 million, and XRP is even more aggressive—directly refreshing the historical record with 289 million in a single week. Looking at this momentum, the expectation of interest rate cuts is indeed a strong stimulus.

[Block Rhythm] Just noticed an interesting on-chain action - that mysterious whale who was shorting during the flash crash on October 11 has taken new action ten minutes ago.
This time he deposited 55,340 ETH as collateral in Aave, worth 157 million USD. He then borrowed 50 million USDT and directly transferred it to a leading exchange.
As for what this money is for? It is currently unclear. However, the operations of this address have always been precise; the timing of the shorting before the last flash crash was spot on. This large amount of USDT entering the market is worth keeping an eye on.

On December 1st, the speech by Bank of Japan Governor Kazuo Ueda shocked the market. The hawkish signals conveyed were clearer than ever before—market expectations were immediately adjusted, and the probability of a rate hike in December soared to 64%. The yen strengthened in response, and the short-term Japanese government bond yields hit a new high not seen since 2008. This change came too suddenly, leading to a reshuffling of global capital flows, with the dollar and high fluctuation assets being sold off simultaneously. Just at this time, diplomatic tensions between the United States and Venezuela suddenly escalated, igniting safe-haven sentiment.
In the crypto market, the fluctuations are fierce and direct. BTC started a significant plunge during today's Asian session, with the liquidation volume surging upward. Looking at the liquidation map, we can see that a large number of long positions piled up at the $92,300 level, becoming the first breakout point of this round of decline. After the price broke through, the downward trend simply couldn't be stopped, consecutively smashing through $88,300 and $86,200.

Recent data on the activity levels of public chain ecosystems over the past week shows that Solana's active Address count has reached 15.515 million, maintaining the first position, followed closely by BNB Chain with 13.309 million, while Tron, Aptos, and Polygon rank third to fifth respectively. The data indicates that both established public chains and emerging Layer1s are continuously active, reflecting the popularity of each ecosystem.

[Coin World] The latest data as of December 1 shows that the Spot Bitcoin ETF product (code IBTC) under Australia’s Monochrome has announced its latest Holdings. As of November 28, the fund has accumulated a total of 1161 Bitcoins, with the market capitalization of the Holdings exceeding 162 million AUD based on current prices. This figure reflects the continued rise in demand from Financial Institutions for Bitcoin allocation.

[Bit推] Ripple has achieved an important regulatory breakthrough in Singapore! Its Singapore subsidiary, Ripple Markets APAC, has just received the nod from the Monetary Authority of Singapore (MAS), officially expanding the scope of its major payment institution license.
This company established itself in the Lion City back in 2017, and now Singapore has become a strategic hub for their global operations. The company's president, Monica Long, revealed that this license upgrade means Ripple can invest more resources locally, focusing on building a smoother cross-border payment channel for financial institutions – ensuring speed, stability, and security.
For projects looking to navigate payment business within a compliant framework, securing MAS endorsement is no small feat. Ripple's recent move marks a significant step forward in the Asia-Pacific market.

[Bi推] Recently saw a quite interesting data comparison - an analyst compared the redemption stress test experienced by USDT with the bank run situations of several traditional banks.
The results are quite shocking: Tether withstood full redemptions during a bank run of 20-25%, while Silicon Valley Bank collapsed after just 25%, and First Republic Bank couldn't hold up with 57%. This difference is indeed significant.
Looking at asset allocation, currently 77% of USDT is in cash-like assets, with the remainder in gold and Bitcoin, providing an overall over-collateralization of 3%. According to their calculations, even if volatile assets drop by 30% in extreme market conditions, there is still 95% of real assets backing USDT.
Of course, this is not to say that stablecoins are completely worry-free. But at least in terms of reserve transparency and resilience, the data shows that they are indeed much more reliable than the operations of some traditional financial institutions.

After the attack on Yearn, the news of "white hat negotiations" was confirmed to be a phishing trap. The attacker laid plans 28 days in advance and operated covertly through the Railgun protocol, ultimately successfully laundering 1,000 ETH through Tornado Cash. Currently, there are still 6 million USD in encryption assets in their Wallet, and the subsequent developments are concerning.