Bitcoin has fallen 5% in the past 24 hours, dropping to a low of $85,694, and is currently hovering around $86,800, a pullback of 31% from its historical high. Over the past month, the cumulative decline has exceeded 21%, with high Beta assets like Ethereum and Ripple also experiencing declines of 5.6% and 6.5%, respectively. Market risk aversion has increased, with CoinGlass data showing total liquidations reaching $637 million, of which long positions accounted for $568 million. SynFutures COO Wenny Cai stated that this round of plunge is due to a "momentum-driven accelerated fall" that triggered large-scale long positions liquidations, with further liquidation driving spot and derivatives sell-offs, creating a chain reaction. Another core factor of market panic comes from MicroStrategy CEO Phong Le's remarks — if dividends need to be paid at a price below 1x mNAV, the company "may sell Bitcoin." MicroStrategy holds approximately 649,870 Bitcoins, worth over $56 billion, and their statement has raised investor concerns about supply pressures.

According to Foresight News, the blockchain Rayls aimed at banks has announced the tokenomics of the RLS token. The total supply of RLS tokens is 10 billion, with 15% of the tokens allocated to circulation during the TGE, 22% allocated to investors, 11% to early developers, 17% to the core team, and 35% to the foundation treasury and community. In addition, the official statement indicates that every transaction on the Rayls network will trigger automatic destruction: 50% of all RLS fees will be immediately destroyed; 50% will be allocated to the Rayls foundation community incentive wallet to support validators, builders, and ecosystem development.

Gate News Bot news, on December 1st, according to CoinMarketCap, as of the time of writing, DOGE (Dogecoin) is currently priced at $0.14, falling by 7.89% in the last 24 hours, with a high of $0.16 and a low of $0.14. The current market capitalization is approximately $20.928 billion, a decrease of about $1.792 billion from yesterday. Dogecoin is an open-source peer-to-peer digital currency that is loved by Shiba Inu enthusiasts around the world. As an unexpectedly born cryptocurrency movement, the core idea of Dogecoin is to make people smile. It leverages blockchain technology and is a highly secure decentralized information storage system, maintained by a network of computers known as nodes that uphold a public ledger. The Dogecoin community is known for its friendliness and helpfulness, adhering to the motto "Do Only Good Everyday" (Do O

ChainCatcher news, Crypto DAO is recently promoting an upgrade to a transparent architecture. The core modules cover reserves that are open source and verifiable, permissioned longer participant management, core contract restrictions on asset transfers, operation traces stored on-chain, and incentive logic executed automatically on-chain. This structure allows the system to operate without relying on manual explanations, as the on-chain data is presented by itself, and the mechanism execution path is traceable. The update indicates that reserve changes, parameter executions, and rewards distribution are all handled through contract logic to reduce uncertainties caused by human intervention. Such transparent pathways provide participants with a clearer way to observe the structure and offer recordable engineering conditions for the study of reserve mechanism operations and long-term system construction.

This week's important economic events include speeches by Fed Chairman Powell, ADP employment data, unemployment claims, and the release of several key indicators such as the core PCE price index.

According to a report from Jinse Finance and The Information, Google is now promoting its Tensor Processing Units (TPUs) to major clients, including Meta Platforms, for use in their own data centers, which directly undermines Nvidia's core business model.

Odaily News CBB published an article on platform X, pointing out that the project party's reasoning of "avoiding short-term flipping" to raise funds at a valuation of $1 billion while in an unlocked state is a form of "self-deception." CBB stated that the reasonable approach for an ICO should be to raise funds at a lower FDV and allocate tokens to true core users and contributors, rather than creating an overvaluation structure that causes the project to lose a healthy token circulation foundation early on.

Odaily News Sahara AI team members stated on the X platform regarding the token fluctuation last night, emphasizing the following key points: 1. No team or investor unlocks Sahara, which will complete its TGE on June 26, 2025. The first unlock time for the team and investors is June 26, 2026, and currently, everything is fully locked. There are no spot unlocks or sales, and relevant information has been publicly disclosed. 2. The smart contracts are secure with no anomalies. The token contract is completely secure and managed by the Sahara Foundation. There are no hacker attacks, unauthorized operations, or any security incidents. 3. Business integration is underway. Sahara Labs is focusing on precise execution, having identified inefficient operations, and will reinvest resources into business lines with stronger growth potential. 4. Core growth areas remain strong. The team is

The Marco weather station under Nubila has officially launched on Home Depot, becoming the first Web3 product to enter this retail giant. Marco is the core of the Decentralization physical Oracle Machine, providing real environmental data to support AI and Blockchain systems. This development marks the entry of Web3 hardware into the mainstream consumer market, aiding the construction of a global real data network.

ChainCatcher news, TRON officially announced that the java-tron v4.8.1 pre-release version has been officially launched on the Nile Testnet and is a mandatory upgrade version, calling on all Nile nodes to complete the update as soon as possible. This upgrade covers multiple key modules, including the consensus core, virtual machine, network, event service, and API, aiming to further enhance the overall capabilities of the TRON network in terms of performance, security, and cross-architecture compatibility. According to the official website of the Nile Testnet, this upgrade has significantly improved the performance of the TRON network in terms of architectural compatibility, virtual machine security, network stability, event and API query capabilities, and development toolchain: new support for ARM architecture, introduction of TIP-6780 to adjust the SELFDESTRUCT instruction, and for P2P.

Gate News Bot news, on November 28, according to CoinMarketCap data, ARC (AI Rig Complex) is currently priced at 0.05 USD, having pumped 41.36% in the last 24 hours, with a high of 0.05 USD and a low of 0.02 USD. The current market capitalization is approximately 48.3 million USD, an increase of 1.41 million USD compared to yesterday. Important news about ARC recently: 1️⃣ **Cysic official account name change hints at mainnet launch being near** The official X account of Cysic has been renamed to Cysic (Mainnet Arc), and several core team members have updated their identity identifiers. This move may indicate that the mainnet of the Cysic project is about to be launched, and it may also be accompanied by the long-awaited token airdrop event. This news has sparked market interest in the prospects of the ARC project.

On November 28, news emerged that on the afternoon of November 26, 2025, a level five fire broke out in Wangfu Garden, Tai Po, New Territories, Hong Kong, resulting in significant casualties and property losses. This severe disaster has touched the hearts of the entire Hong Kong and even the global Chinese community, prompting swift action from all sectors through donations, material assistance, and volunteer services to support the affected residents. In this context, the AB Charity Foundation donated 10 million Hong Kong dollars to the Hong Kong General Association for the Promotion of Peaceful Reunification of China, jointly participating in the fire rescue and post-disaster community reconstruction work at Tai Po Wang Fuk Court, working together to promote the sustainable development of humanitarian assistance and related public undertakings. The AB Charity Foundation was established in May 2025 in Ireland, dedicated to promoting global public welfare, with a particular focus on vulnerable groups affected by war and natural disasters, especially women and children. This donation not only reflects the core mission of the AB Charity Foundation of "technology for good," but also demonstrates its holistic approach to the planet, transcending regions and cultures.

Gate News Bot news, on November 28, according to CoinMarketCap, as of the time of writing, PI is currently priced at $0.26, rising 2.71% in the last 24 hours, reaching a high of $0.28 and a low of $0.23. The current market capitalization is approximately $2.172 billion, an increase of $57.4 million compared to yesterday. Important news about PI recently: 1️⃣ **Game ecosystem strategic cooperation promotes application scenario expansion** Pi Network has formed a strategic partnership with CiDi Games, aiming to expand its influence in the Web3 gaming sector. CiDi Games will deeply integrate Pi as the core medium for payments, transactions, and incentives within the platform, and will develop APIs and infrastructure to support other games in the Pi ecosystem. This collaboration is expected to promote the rise of Pi in the gaming field.

The flagship DEX Lotus of the MANTRA chain has officially launched, aiming to promote the infrastructure development of liquidity and support core DeFi functions, including Token swaps and liquidity pools. It supports both V2 and V3 AMM models, and the first liquidity pool has been enabled, with more pools and participation opportunities to be launched in the future.

Jin10 reports that there has been an increasing buzz in the market about Google's (GOOG.O) self-developed TPU, raising concerns about its impact on NVIDIA's market share in AI chips. NVIDIA CEO Jen-Hsun Huang stated that the AI market is vast and growing rapidly, with competition occurring daily, and NVIDIA must "run faster." He emphasized that NVIDIA's positioning is "very unique and solid," with a core focus on the high versatility of its GPUs and platform, which can be deployed in major cloud environments and is currently the only system capable of running all AI models. Regardless of customer needs, NVIDIA can provide complete solutions.

Foresight News reports that the confidential computing network Arcium has announced the launch of the RTG (Retroactive Token Grant) platform. RTG is Arcium's way of distributing tokens to contributors who have made meaningful and genuine contributions to the community, inspired by the vision of an encryption supercomputer. RTG consists of four core components: a crypto portal, a unified interface for users to view allocations, track submissions, and share their honors; the RTG directory, which outlines all online RTGs and showcases them by specific categories, including community, developers, and ecosystem; a submission system, built for verification, allowing users to share submission content for RTG consideration; and RTG types divided into on-chain and off-chain. Additionally, Arcium is launching the first RTG recognition event, where in the first phase, eligible contributors will see their status directly in the crypto portal.

Odaily News Decentralized Finance platform Xbank announced the official launch of its new DApp. This launch fully connects four core modules: RWA finance, decentralized trading, PayFi payment, and ecological governance, aiming to provide global users with more transparent, efficient, and trustworthy on-chain financial services. Also launched is the Xbank NFT Node Certificate, which serves as a key entry point and value carrier for the ecosystem. This NFT will be used in the future for user level identification, staking yield enhancement, Airdrop rights allocation, and community governance voting scenarios. Xbank stated that the platform will continue to promote the deep integration of real assets and on-chain liquidity, accelerating the construction of an open, secure, and sustainably growing financial ecosystem.

Pi Network recently announced a partnership with gaming company CiDi Games, aiming to expand its influence in the Web3 gaming sector and enhance the platform's practical application value. This collaboration will provide Pi users with more opportunities to spend, earn, and interact using Pi across multiple games. The team stated that this collaboration will help game developers scale their game development by providing clear support, thus expanding the practical application scenarios of Pi. The core development team pointed out that games are highly compatible with the Pi ecosystem and are a key vertical that Pi has been nurturing within the ecosystem. Pi analyst Dr. Altcoin also expressed appreciation for this, believing that the significance of the collaboration is substantial.

According to BlockBeats news on November 27, the latest research released by the Fed shows that the top 100 banks in the United States and 100 non-bank financial institutions (NBFIs) have a high concentration risk at the "third-party service provider" level. If key cloud, payment, or core IT service providers experience a failure, it will quickly evolve into a cross-market systemic event. The model indicates that in extreme scenarios, the tail losses caused by systemic incidents could far exceed normal operational risks, with operational disruptions becoming the main source of loss rather than traditional credit events. From a macro-financial perspective, this study quantitatively confirms for the first time that "digital infrastructure failure" itself can trigger a financial crisis, rather than being merely an accompanying risk. When critical third-party nodes fail, it will simultaneously impact payment clearing, liquidity allocation, credit transmission, and risk hedging mechanisms, rapidly increasing the value of the dollar in the short term.

Gate News Bot message, on November 27, according to CoinMarketCap, as of the time of writing, PI (Pi) is currently priced at $0.25, with a rise of 3.06% in the last 24 hours, reaching a high of $0.26 and a low of $0.23, with a 24-hour volume of $50.2 million. The current market capitalization is approximately $2.105 billion, an increase of $6.25 million compared to yesterday. Important recent news about PI: 1️⃣ **Strategic cooperation to expand the gaming ecosystem** Pi Network has formed a strategic partnership with the gaming platform CiDi Games and has made a strategic investment in it through Pi Network Ventures. CiDi Games will deeply integrate Pi as the core medium for payments, transactions, and incentives within the platform, and will develop APIs and infrastructure.

PANews November 27 news, according to the Federal Register and multiple analysts, Nasdaq ISE has proposed to raise the options holdings limit for BlackRock's Bitcoin Spot ETF IBIT from 250,000 contracts to 1,000,000 contracts, after the limit was raised from 25,000 contracts in July 2025. Analysts believe this proposal sends three significant signals: Surge in demand: ISE states that the demand for IBIT Options will continue to grow in 2025, and the current cap has limited large institutional operations; Bitcoin has entered the "elite level" of assets: the 1 million holdings cap only applies to global systematic ETFs such as EEM and FXI, which means Bitcoin is being seen as a macro core asset; Release billions of dollars in hedging space: The existing limit of 25,000 contracts only supports approximately $125 million in position hedging, which is far from sufficient to meet the needs of institutions such as sovereign funds or pension funds. If the proposal is approved, it will provide them

PANews, November 26 news, Vitalik responded to Twitter user nikete, stating that while the Ethereum network plans to increase the Gas limit and the costs of inefficient operations, the actual selection of transactions in the block is still entirely determined by market mechanisms, "not following the Bitcoin model." He emphasized that the total Gas amount in a block is set by validators' voting, and many validators will refer to core developers' suggestions, but the final transaction selection is still determined by the free market.

ChainCatcher message, Cysic official X account has been renamed to Cysic (Mainnet Arc), multiple core members have updated their identification. The community speculates that Cysic's action may signal that the airdrop and mainnet launch are approaching.

PANews, November 26 - Aptos ecosystem's native enhanced yield infrastructure Goblin Finance officially launched its core product GoAPT today, aiming to build a yield infrastructure for Aptos that focuses on real strategy profit sharing. Unlike traditional LSTs that only map the basic staking APR, GoAPT not only retains about 6.5% of the network's basic yield but also incorporates a strategy treasury.

Odaily News Official latest data shows that the total Lock-up Position of JustLend DAO has exceeded 6.28 billion USD, with a cumulative distribution of 189 million USD in earnings. The current user base of the platform has reached 479,000. As a core DeFi protocol on the TRON network, JustLend DAO continues to drive the expansion of the Decentralized Finance ecosystem, providing efficient encryption asset lending services to global users.

PANews November 26 news, analyst Murphy pointed out that based on current data observations, it is not difficult for BTC to return to $90,000, as $90,000 is not a strong resistance level. The average cost of short-term holders shows that BTC may only encounter significant selling pressure when entering the range of $92,000 to $99,000. At the same time, data from the options market shows that the Call activity at the $92,000 strike price is significantly higher than at $90,000, especially the selling Calls at $92,000 far exceed those at $90,000, which will lead to the formation of strong resistance in the market. Murphy emphasized that the key battle for BTC above $92,000 is the core area that determines the trend, especially close to the $98,000 position, which is the "fair price" line for BTC over the past decade. However, recent market confidence has been undermined due to a large amount of realized losses, making it difficult to form effective buying power in the short term. The future trend of BTC still needs to pay attention to market sentiment and resistance.

BlockBeats news, on November 26, Nick Timiraos, a Wall Street Journal reporter known as the "Fed's mouthpiece," posted on social media stating, "With the release of September's consumer price index (CPI) and producer price index (PPI) data, the core personal consumption expenditures (PCE) for September is expected to rise by about 0.22%, which is very close to the core CPI level for the month. If it is below this level, the year-on-year inflation rate will be adjusted down from 2.9% in August to 2.8%."

BlockBeats news, on November 26, the latest PPI and CPI data shows that the U.S. September core PCE is expected to rise 0.2% month-on-month and fall to 2.8% year-on-year, only a slight decrease from the previous month. Although energy and food costs have pushed wholesale prices up, several key items covered by the PCE may keep core inflation at recent levels, serving as the last available inflation assessment before the Fed's December meeting. The market generally believes that decision-makers will engage in intense debate between "third rate cut" and "maintaining interest rates unchanged." On the political front, Trump has intervened in the midterm elections 18 months in advance, strongly promoting tax cuts and urging Republican candidates to focus on affordability issues to hedge against the decline in support rates caused by rising living costs. His strategic layout is seen as simultaneously strengthening party mobilization and building a "Congressional firewall" to avoid a third impeachment.

Gate News Bot news, on November 26, according to CoinMarketCap data, as of the time of writing, QNT (Quant) is currently priced at $89.09, rising 12.62% in the last 24 hours, with a high of $89.96 and a low of $69.66. The 24-hour volume reached $3.52 million. The current market capitalization is approximately $1.076 billion, an increase of $120 million compared to yesterday. Quant is a blockchain project focused on building financial infrastructure. Its core product, Quant Flow, is a currency engine that supports programmable money, designed to drive scalability, automation, and accelerated development in the financial industry. Quant Flow provides automation solutions for cash management, payments, compliance, and cross-border transactions for banks and enterprises without the need to change existing banking relationships. The platform also supports assets in the capital markets.

Golden Finance reports that Alibaba's US stocks rose over 5% before the market opened. The company's second quarter revenue exceeded expectations, with strong performance continuing in its two core businesses, AI + Cloud and Consumer.

The Crypto Assets field is heating up again, and Pi coin has become the focus of discussion. Soroban continues to play a more important role in the backend development of the Pi Network. The platform adopts a Rust and WebAssembly architecture, supporting smart contracts to achieve scalable and cost-effective smart contracts. The community links this new contract snippet to the previous upgrades of Pi, such as parallel running capabilities, more powerful Oracle Machines, and the Testnet trials of smart contracts. These details further confirm that Soroban is key to the next stage of core development for Pi.

ChainCatcher news, Solayer Labs announced the official launch of its first ambassador program, which is primarily aimed at hardware enthusiasts, TPS optimization advocates, and supporters of crypto scalability. Solayer Labs welcomes all interested individuals to submit applications through the online form, which should include personal experiences in content creation, meme production, or community participation. Selected ambassadors will enjoy the following rights: direct access to the core team and partners, opportunities for feedback on new products, and official support for innovative initiatives.

JPMorgan analysts released a report last week stating that MicroStrategy (formerly MicroStrategy) may be removed from major stock indices. The core of this warning is that the Bitcoin held by MicroStrategy currently accounts for over 50% of the company's total assets. The analysts specifically pointed out that the MSCI US Index is reviewing whether companies holding large amounts of Digital Money should remain in traditional stock indices. MicroStrategy holds over 649,000 Bitcoins, making it the largest holder of Bitcoin among companies.

Michael Howell pointed out in the podcast that the trend of currency inflation will last for decades, and Bitcoin and gold are effective hedging tools. He advised investors to moderately adjust their Bitcoin holdings and include quality assets in their portfolios to cope with the risks and opportunities brought by long-term debt expansion. At the same time, follow market cycles and fluctuations to optimize returns.

Odaily News Jupiter announced that it has completed the second phase of the "Fresh Start" plan, aimed at strategically aligning JUP with the broader goal of bringing billions into Decentralized Finance. The plan is designed to take a more strategic approach to the development of JUP. The first phase focused on minimizing the DAO, resetting the community, and simplifying the narrative, while the core of the second phase is to vote to decide to burn approximately 130 million JUP Tokens (i.e., "Litterbox Burn"). The Jupiter team is currently executing the token burning, while shortening the unstaking window period to 7 days based on feedback from token holders. Jupiter

Gate News Bot news, on November 25, according to CoinMarketCap data, as of the time of publication, ARC (AI Rig Complex) is currently priced at 0.03 USD, rising by 34.15% within 24 hours, with a peak of 0.04 USD and a low of 0.02 USD. The current market capitalization is approximately 33.36 million USD, an increase of 8.55 million USD compared to yesterday. ARC is a cryptocurrency project focused on the field of artificial intelligence. The project has launched a new feature called Ryzome and has several core modules such as Registry, Forge, and Handshake. ARC also includes an experimental Emblem feature and an upcoming Ragtag feature. The project emphasizes its architecture, token economics, and community building while maintaining interaction with users through channels such as blogs.

The Cayman Islands court has prohibited Maple Finance from launching the yield-generating Bitcoin product syrupBTC, due to accusations from the Core Foundation of breaching an exclusive contract. Although Maple denies the allegations and claims that syrupBTC was developed independently, this case demonstrates that DeFi products need to comply with real-world legal contracts.

Odaily News UBS pointed out that the Fed's meeting schedule next month is facing an "embarrassing" situation: its FOMC meeting in December will be held before the release of two key employment reports, and these reports are precisely the core data that determine whether to cut interest rates. This has prompted the market to begin discussing a possibility: will the Fed postpone the originally scheduled meeting on December 10 by a week in order to grasp the key employment data before making a decision? Looking back, adjustments to the meeting schedule have not been impossible; in 1971 and 1974, the Fed postponed meetings due to special circumstances. From a regulatory perspective, the Fed's statute only requires the FOMC to hold at least four meetings a year, without rigid provisions on date adjustments. UBS pointed out that historically, a single employment report has been sufficient to change the direction of monetary policy, and this time the Fed is facing the risk of missing two reports. If the meeting does occur.

ChainCatcher news, EVM Layer 1 Blockchain Pharos Network announced the official establishment of the Pharos Foundation, marking an important milestone for Pharos Network as it moves towards the TGE and mainnet launch in early 2026. This will establish a structured, transparent, and governance-oriented foundation model, laying the groundwork for the long-term development of the ecosystem. Around the time of TGE, the Pharos Foundation will also provide the framework, documentation, and transparent processes needed for sustainable Token governance and ecosystem development. The foundation will work around four core pillars: ecosystem support, technology development, governance and transparency, and education. After the establishment of the Pharos Foundation, Pharos will provide funding and projects for builders and developers to promote trustworthy collaboration with TradFi and institutional participants.

Odaily News PGP public chain announces the completion of a strategic upgrade and officially adopts PGA as the chain's GAS. The decentralized token launch engine PGA.FUN developed based on the PGP protocol will be opened soon. As the dual core asset of the PGP ecosystem and PGA.FUN, PGL has been launched on November 24.

The cryptocurrency asset tax system originally scheduled to be implemented in South Korea in 2027 may face a fourth delay due to the inadequacy of its core system. Industry insiders are calling for a prompt clarification of the tax subjects and methods to maintain trust in the system. The number of users on domestic virtual asset exchanges has reached 10.77 million.

BlockBeats news, on November 24, QCP published a daily analysis indicating that after experiencing a pullback of about 30%, BTC has shown initial signs of a Rebound. The Fed's dovish remarks have raised expectations for a rate cut in December to 75%, and market Liquidity may be shifting. Derivation data shows that investors have not abandoned bullish bets, with the open interest of call options at the end of the year still higher than that of put options, concentrated in the 85K to 200K range. At the same time, the negative funding rate suggests that long positions have been cleaned out, and short-term downside risks have decreased. The market trend in the coming days may depend on U.S. retail data, core PCE, and ETF fund flow performance.

According to ChainCatcher news and Maryland HODL analysis, a power struggle over the monetary system is unfolding in the United States. The Trump administration is quietly pushing for the transfer of currency issuance authority from the Fed back to the Treasury, using stablecoins and Bitcoin reserves to establish a new digital dollar framework. As the core of the old system, JPMorgan is retaliating through shorting MicroStrategy (MSTR) and creating liquidity bottlenecks. MSTR has become a key bridge connecting traditional capital and Bitcoin architecture. The Trump team urgently needs to gain control of Fed governance before the Federal Reserve Board vote in February 2025, or they will miss the historical window to restructure the monetary system. This is not just a financial or political issue, but the largest transfer of monetary sovereignty since 1913.

Golden Finance reported that Solana co-founder toly stated on the X platform that the core function of Layer 1 is to drop structural advantages as much as possible. Even if a competitor occupies 95% of the market share, it does not matter as long as they cannot prevent a competitor with 5% market share from capturing market share with better products.

BlockBeats news, on November 22, Jan Van Eck, CEO of investment management company VanEck, stated in an interview with CNBC, "If we believe that the fundamental logic of Bitcoin has broken down, we will exit Bitcoin investment. The Bitcoin community is focusing on two core issues: encryption security and privacy, especially in the face of potential threats from Quantum Computing. Meanwhile, some veteran Bitcoin players are paying attention to Tokens such as Zcash (ZEC) that offer higher privacy protection. Four years ago, Bitcoin was often accused of being used for illegal activities, but now transactions can be tracked on-chain, and the market's demand for privacy is rising."

PANews November 21 news, Maple Finance responded to the recent public accusations from the CORE Foundation regarding its BTC yield program and syrupBTC product. Maple firmly denies CORE's accusations, stating that they distort the facts. Maple claims that the BTC yield program operates as an independent entity, with assets isolated from the overall business. Due to the fall in the value of CORE tokens, risk control measures have been initiated, with plans to orderly sell CORE tokens to protect the principal of lenders. Although there are hedging mechanisms in place to protect lenders, the inability to sell tokens as planned is affected by the legal actions initiated by CORE. At the same time, it emphasizes that syrupBTC is independently developed and has not used CORE's confidential information. In terms of law, Maple is actively filing a lawsuit to enforce the hedging agreement signed by CORE, and points out that CORE's allegations have not been confirmed, and the judgments cited by it originate from a

With Ethereum experiencing a big dump of over 27% in a month, trading prices have fallen below $3000, and BitMine is facing an unrealized loss of over $4 billion. This massive loss is not an isolated incident; it reflects a deeper systemic crisis sweeping across the digital asset (DAT) industry, which is wobbling due to the volatility it relies on for survival. BitMine was once hailed as the Berkshire Hathaway of the digital asset space, envisioning to lock up 5% of the circulating supply of Ethereum. Its core strategy is to transform the company's balance sheet into a long-term, high-confidence investment in blockchain network infrastructure. Today, this ambitious vision collides with the harsh realities of the market.

ChainCatcher message, Camp Network officially released the technical White Paper, dedicated to building the underlying infrastructure that supports the global IP economy and the collaborative development of artificial intelligence. The White Paper points out that the current IP industry faces core pain points such as inefficiency, platform monopoly of value, and insufficient protection of creators' rights. Camp Network proposes to create a programmable, verifiable, and support chain profit IP new ecosystem through blockchain technology, laying the foundation for the deep integration of AI and IP. The architecture of Camp Network aims for internet-level performance, designed to assist creators in seamlessly accessing the future AI-native tools ecosystem, promoting the trillion-dollar IP economic revolution.

Golden Finance reports that event-driven investment firm Pentwater Capital has acquired an 8.5% stake in Core Scientific, becoming one of the important hedging fund shareholders of this Bitcoin mining and data center operator. According to the latest Schedule 13G filing submitted on Friday, Pentwater reported that it holds 26 million shares of Core Scientific stock, accounting for 8.5%. Core Scientific's stock price has retraced 35% since reaching a historical high of $22.9 last month. Based on the current price of around $15, this position is worth approximately $400 million. Pentwater manages about $18 billion in assets and was one of the top ten shareholders of Twitter before Elon Musk's acquisition.