The price of TIA has recently fallen sharply by over 15%, currently around $0.56. Although the MACD shows that the downward momentum is slowing, on-chain data is not good, with the number of active addresses dropping to 36,100. Investors need to follow the liquidity situation and capital flow to assess short-term trends.

[Block Rhythm] There has been a big move here in Europe. Last week, the Swiss and German police, in cooperation with Interpol, took down a coin mixing platform called Cryptomixer.
This operation lasted from November 24 to 28, and the results were quite fruitful: three servers were seized, the domain name Cryptomixer.io was taken down, over 25 million euros (almost 29 million dollars) worth of bitcoins were confiscated, along with 12TB of data.
The official revealed that this platform has been in this line of work since 2016, helping to launder over 1.3 billion euros worth of bitcoin. Its method is quite interesting - the settlement period is stretched very long, and the fund allocation is still random. This kind of play can indeed make the source of dirty money very ambiguous.
The mixed coin service itself has no technical issues, but once it is used for money laundering, regulatory authorities will definitely not sit idly by. This action has also served as a wake-up call for the entire industry: Europe

[Chain News] In the past day, a big fish made significant moves on HyperLiquid. This Whale invested 7 million USDC into the platform and then directly went all in on HYPE with 5x leverage.
The nominal value of this position has now inflated to 24 million USD, with a building cost of 31.9 USD. However, the situation is a bit dire—currently, there is an unrealized loss of nearly 1.9 million USD, and the liquidation line is stuck at 22.16 USD. If the price of the coin continues to drop, this position could be in jeopardy.

On December 1st, U.S. stocks opened poorly, and the encryption zone generally fell. Multiple exchanges' Platform Tokens and mining stocks experienced severe pullbacks, with some declines exceeding 8%. Market sentiment has turned cold, and investors are in a wait-and-see state.

【Coin World】Grayscale is planning a big move this week - once the SEC gives the green light, their Chainlink Spot ETF will be launched. Logically, such institutional products should inject new funds into LINK, but reality is a bit disappointing.
The on-chain data of Chainlink doesn't look very good. The total security value has slid down to $80.5 billion, and LINK's performance in December was disastrous - the price plummeted directly by 10%. Even worse, some analysts have directly called for a target price of $8, which would mean a significant loss if it actually drops that far.
However, that being said, the ETF card still carries some weight. Once institutional funds enter through compliant channels, it can at least put a brake on the current downtrend. After all, the money on Wall Street and the money from retail investors operate in completely different ways. It all depends on whether the SEC can step up this time and allow Grayscale to catch this wave of market.

BitMine recently purchased nearly 97,000 ETH and now holds over 3.72 million Ethereum assets, approaching $12.1 billion. Chairman Thomas Lee expects the upcoming Fusaka upgrade to drive the price of ETH, reflecting institutions' optimistic outlook for the future.

【Coin World】PENDLE received a good report card at the beginning of December - officially entering the Bloomberg Galaxy DeFi Index. This timing is quite interesting.
Arthur Hayes recently threw out a point in "Adapt or Die": traditional financial institutions are desperately holding onto the territory of stock trading, but stock tokenization is only a matter of time. However, he mentioned a more realistic situation - stock perpetual contracts have already started to gain momentum, with daily trading volume exceeding 100 million USD.
At this rate, once market makers and traders get a handle on the contract mechanisms, achieving a daily trading volume of over 1 billion is just a matter of time. More importantly, this will become hard currency for weekend hedging, needed by both institutions and retail investors. Those established exchanges in the U.S. may soon find it unsustainable; a 7x24 trading model might really be on the agenda.
The Pendle team is moving quickly in the area of interest rate derivatives. He

[Coin World] Just detected a significant movement - a certain Wallet Address completed a transaction of 900 ETH at the price of 2827 USDT, with a total value exceeding 2.54 million USD.
This price point is right at the key level of ETH's recent fluctuation range. It's unclear whether institutions are adjusting their positions or large investors are making arrangements. The market is always sensitive to such large transactions, so the upcoming price trends are worth paying attention to.

Gleec has acquired Komodo's cross-chain DeFi business for $23.5 million, gaining mature cross-chain technology and products to expand its ecosystem. This move indicates that Gleec values the long-term potential of cross-chain DeFi and reflects the industry's mature direction towards resource integration and enhanced competitiveness.

【Chain News】The latest market news shows that Strategy Company (the one that was previously MicroStrategy) is at it again. From November 17 to 30, they acquired 130 Bitcoins in one go, spending nearly 11.7 million dollars. This company is truly in love with BTC, as their rhythm of continuously increasing the position has never stopped.

Digital asset funds are facing difficulties, with strong support for spot ETFs, but many funds rely solely on coin hoarding to survive. To thrive in the long term, they must possess real capabilities, such as becoming validation nodes, diversifying assets, and participating in Decentralized Finance liquidity mining. Most funds depend on high-risk borrowing leverage, and only teams that truly delve into the encryption space can stand out.

Metavesco will reduce the authorized shares from 15 billion to 7.5 billion, and CEO Ryan Schadel stated that this reflects confidence in the company's strategy. The company is advancing the OTCfi ecosystem and the ACCESS platform, with the latter's potential valuation expected to reach $1.08 billion. This reduction in shares and the operations based on high valuation expectations are worth following, reflecting the deeper meaning of equity design in Web3 projects.

An Ethereum ICO early address that had been dormant for ten years recently transferred 40,000 ETH and staked it in ETH 2.0, demonstrating the holder's confidence in Ethereum's medium to long-term outlook. This move has attracted market attention and may impact on-chain activity and asset flow.

[Block Rhythm] diamond hand finally let go.
A certain PIPPIN whale address starting with 2Gc2Xg has just liquidated 24.8 million tokens that it held for over a year, cashing out 3.74 million dollars, with a net profit of 3.65 million dollars—an ROI of over 40 times.
Rewind to a year ago, this guy bought in at the bottom with 450 SOL, with a cost price of about $90,000. On January 11 this year, his paper profit once surged to $7.6 million, but he refused to take action. What happened next? The market cap of PIPPIN later plummeted, directly halving to below $10 million, and his paper wealth was about to wash away.
Recently, the price rebound provided a second chance. This time he didn't hesitate, exchanging 29,527 SOL to reclaim all his chips. Although he earned half less than the peak, at least he didn't let the duck he had in hand fly away again.
Sometimes, the difference between "holding on" and "selling at the right time" is just a perfectly timed exit.

Do you still remember that SBF who brought down FTX? Now this guy is sitting in prison with a 25-year sentence. Recently, he made headlines again — he actually spoke up for another "cellmate" in prison.
Through a social media account managed by a friend, SBF posted a message supporting former Honduran President Juan Orlando Hernández. Both are currently detained at the Metropolitan Detention Center in New York. In the post, SBF praised the former president as a "kind and dedicated" person and claimed that he was framed, calling the entire case "a farce."
Interestingly, this former president was convicted last year for abusing his power to help drug trafficking organizations. Trump had previously stated that he would grant him a "full and complete pardon."
One went in because of a cryptocurrency exchange crash, and the other went in for drug crimes. The two became "brothers in hardship" in prison? This plot twist is indeed quite surreal. The gossip in the crypto world is eternal.

The on-chain data for November is quite interesting - the monthly revenue of those DApps in the Solana ecosystem actually surpassed all L1 and L2. In this revenue ranking, SOL directly holds the top position. It seems that with the recent surge in DApp popularity, Solana has truly made money.

[Bitu] The rise in silver has been quite strong, with the price already breaking through 58 dollars per ounce. It's only been a few months this year, and the increase has doubled. With traditional safe-haven assets being so strong, it will somewhat affect the allocation logic of funds in the crypto market.

[Coin World] There is a protocol called Hydra in the Cardano ecosystem, which has recently attracted considerable attention in the TradFi sector. What does it aim to do? Directly replace those financial intermediaries and become a real-time settlement layer.
In simple terms, within the "center" of Hydra, both parties to the transaction can complete final Settlement in seconds—no waiting, no worries about overnight risks. This is backed by the Cardano main chain, which has been running stably for eight years, ensuring that settlement is solid and reliable. What's even more impressive is that the rules are programmable and fully transparent, with compliance checks able to be automated.
Some analysts believe that this approach can save institutions a lot of processes and reduce costs. If it can truly be implemented, it would represent a significant transformation for financial infrastructure. Do you think traditional financial institutions will buy into it?

[Chain News] ZEC has fallen quite sharply this time. According to the market data from a leading exchange, it plummeted 20% in the past day, hitting a low of 351 USD. It's worth noting that this year's peak reached 750 USD, and now it has retraced more than half - specifically 53.16%. Currently, the price is hovering around 366 USD, and the short-term trend is indeed not very optimistic.