Gate News bot message, Privacy-focused cryptocurrencies experienced significant declines during the broader crypto market downturn.
Multiple privacy coins recorded substantial losses, with Zcash (ZEC) dropping 25%, Dash (DASH) falling 15%, Conceal Network (CC) declining 8%, Monero (XMR) decreasing

Golden Finance reports that Forward Industries has hired former ParaFi Capital executive Ryan Navi to lead its Solana funding strategy execution, seeking and building Capital Market opportunities. Navi previously served as Managing Director at ParaFi, overseeing venture capital.

Gate News bot message, a notable cryptocurrency whale address 0xa5B0 has executed a significant trading maneuver on HyperLiquid. The whale deposited 10 million USDC into the platform and subsequently established a 20x leveraged long position on 12,000 ETH, equivalent to $32.8 million.
The position'

Odaily News Spot silver has risen big pump 2.01 USD today, currently priced at 58.37 USD/ounce, with a rise of 3.57%. New York silver futures have surpassed 59 USD/ounce, rising 3.21% today. (Jin10)

According to ChainCatcher news and Jin10 reports, the Fed has released a regulatory report stating that the banking system still maintains strong capital levels and will continue to focus on bank and commercial real estate loans.

Strategy (MSTR) is currently down over 11% in the US stock market, with a market capitalization of about $44.8 billion. The company holds 650,000 Bitcoins, with a total value of approximately $48.4 billion, and its stock price has fallen for four consecutive months. The company has set aside $1.44 billion in reserve to pay dividends and debt interest, sufficient to cover 23 months of dividends.

According to ChainCatcher news and Arkham data, at 23:34, 9,848,600 EIGEN (worth about $4.92 million) was transferred from BitGo to Eigenlayer. Subsequently, Eigenlayer transferred 9,848,600 EIGEN to a Null Address.

Odaily News According to msx.com, the stock price of Bitcoin treasury firm Strategy continues to decline, with the current drop expanding to 10.02%, now reported at 159.43 USD.

Gate News bot message, a significant trading activity has been observed on HyperLiquid platform in the last 24 hours. A whale trader deposited $7 million USDC and initiated a long position in HYPE token with 5x leverage.
The position details reveal an entry price of $31.9, with a liquidation price

ChainCatcher news, Hong Kong stablecoin company First Digital Group plans to go public by merging with a special purpose acquisition company (SPAC). According to insiders, First Digital Group will announce the signing of a letter of intent outlining its agreement with the special purpose acquisition company CSLM Digital Asset Acquisition Corp listed in New York.

The U.S. manufacturing PMI for November fell to 48.2, marking the ninth consecutive month of contraction, impacted by declining orders and rising raw material costs. The new orders index dropped from 49.4 to 47.4, indicating weak demand, although unfinished orders decreased and exports improved slightly. The rise in raw material costs suggests that inflation may persist.

Odaily News Huione Pay in Cambodia suddenly announced its suspension of operations until January 5 of next year and launched a deferred payment plan on December 1 due to a short-term large-scale bank run. A large number of users have queued outside its headquarters in Phnom Penh, and signs have been posted in Chinese stating "Deferred Payment Statement". Notably, the U.S. FinCEN has listed Huione Group as a major money laundering risk institution this May, accusing it of providing money laundering channels for North Korean and Southeast Asian transnational scam organizations, involving encryption scams such as "Pig-butchering scams". (Cambodia-China Times)

Hats Finance officially announced that it will cease custody operations on December 31, 2025, due to sustainability issues that led to demand not meeting expectations. Although the protocol is still on-chain and managed by the DAO, users need to withdraw before December 17, 2025, as access may no longer be guaranteed afterward.

According to ChainCatcher news and reports from Zhitong Finance, Hengyue Holdings (01723.HK) announced that the group has further purchased approximately 7 Bitcoins in the open market at a total cost of about 4.712 million Hong Kong dollars (equivalent to approximately 604,000 US dollars).

PANews December 1 news, Sandeep Nailwal, co-founder of Polygon and CEO of Polygon Foundation, posted on the X platform stating: "I hope Strategy (MSTR) does not become the protagonist of the 'LUNA disaster' in this cycle. This industry can no longer endure another publicly staged death spiral involving Wall Street and retail investors. Hopefully, Michael

Sushi CEO Jared Grey announced that he will step down from his leadership position to become an advisor. The new Managing Director Alex McCurry will lead Sushi, receiving substantial capital investment to support development. Grey will continue to provide strategic guidance to the new team.

According to ChainCatcher news and Jin10 reports, the stock prices of U.S. companies related to Ether have generally fallen, with BTCS down 5.1%, BitMine Immersion down 7.3%, SharpLink Gaming down 8.3%, and Bit Digital down 6.5%.

BlockBeats news, on December 1, Fed Chairman Jerome Powell will attend an event at Stanford University in memory of the late George Shultz and deliver a speech. However, due to the Fed's communication blackout period before the decision, he will not address economic issues. With no official statements expected before next Wednesday's interest rate decision, traders currently predict that the probability of the Fed cutting rates by another 25 basis points is close to 90%. If this rate cut materializes, the market will focus on the Fed's updated "dot plot" to look for clues about the interest rate direction in 2026.

Odaily News Bitnomial will launch the first regulated crypto assets spot trading platform by the Commodity Futures Trading Commission (CFTC). The Chicago-based company submitted its self-certification documents last month according to CFTC rule 40.6(a), which officially took effect on Friday, meaning that spot trading could start in the coming days.

Odaily News Just as Telegram founder Pavel Durov officially launched Cocoon (Confidential Computing Open Network), TON treasury company AlphaTON announced the deployment of the first batch of NVIDIA B200 GPUs, which have been deployed to Telegram's Cocoon AI.