At the Binance Blockchain Week speech, Tom Lee pointed out that this year, the crypto market has underperformed traditional assets, but “no one can really explain” the reason for the decline. He believes the core factor is deleveraging, and its pace is highly consistent with the eight-week recovery period after the FTX collapse, which means the market may be close to a bottom.
He revealed that five weeks ago, Fundstrat, in collaboration with market timing expert Tom DeMark, significantly slowed down ETH purchases, but recently accelerated again, buying nearly 100,000 ETH last week, because they believe the price has bottomed out.
Regarding Bitcoin, Tom Lee

Author: imToken
In the previous article of the Interop series, we introduced the Open Intents Framework (OIF), which acts as a universal language, allowing users to express their intent, such as "I want to buy an NFT cross-chain," and be understood by solvers across the network.
But just "understanding" isn't enough—the intent must also be "fulfilled." After all, once you express your intent, how does your fund safely transfer from Base to Arbitrum? How does the target chain verify that your signature is valid? Who covers the gas fees on the target chain?
This involves the core of the "Acceleration" phase in Ethereum's interoperability roadmap—the Ethereum Interoperability Layer (EIL). Recently, the

Author: zhou, ChainCatcher
Over the past month, a series of emerging crypto projects—including DOGE, XRP, Solana (SOL), Litecoin (LTC), Hedera (HBAR), and Chainlink (LINK)—have successively been approved for spot ETF listings. Contrary to widespread market expectations, the prices of these assets did not soar following the ETF launches. Instead, there has been a continuous capital inflow alongside significant price pullbacks, prompting reflection: Does ETF approval still provide effective long-term support for crypto prices?
1. Price Pressure: Short-term Sentiment and Speculative Shakeout
From late October to November, the market saw a wave of emerging crypto asset ETF listings. However, according to

Author: nader dabit
Compiled by: Tim, PANews
Autonomous AI agents are exciting and full of potential, but there is an obvious question: who controls them?
Smart contracts give us financial sovereignty with verifiable code and non-seizable assets, but this is achieved through strict limitations: they must operate entirely on-chain, resulting in high execution costs and limited functionality, only able to perform preset simple logic.
AI agents need to process massive amounts of data, make complex decisions, and interact with off-chain systems, which seems to contradict the features that ensure the sovereignty of smart contracts.
Sovereign Agents
Once AI agents shift off-chain to access the computing power and data they need, these sovereignty guarantees disappear. At that point, your agent becomes subject to the control of server operators, API key holders, and those who control model weights.
In short: how do we extend sovereignty guarantees

Today's Top News Alerts:
1. US SEC Chairman: Bitcoin Market Structure Bill Set to Pass
2. Ethereum Mainnet Successfully Activates Fusaka Upgrade, Significantly Boosting Data Processing Capability
3. YZi Labs Issues Rectification Notice to 10X Capital, Warning BNC Shareholders of Their "Disruptive Behavior"
4. Solana Mobile to Launch SKR Token in January 2026, 30% Allocated for Airdrop
5. Ethereum Treasury Company Purchased Only 370,000 ETH in November, Down About 81% from August Peak of 1.97 Million ETH
6. Tom Lee Purchases Another $150 Million in Ethereum
7. Bloomberg: Total Value of Crypto Industry M&A Deals Surpasses $8.6 Billion This Year, Setting New Record

Solana Chair Lily Liu: What Fintech Needs Is Not “Showing Off Technology,” but Speed, Cost, Liquidity, and Utility
At Dubai Binance Blockchain Week, Lily Liu emphasized that Solana’s core goal has never been “technology for technology’s sake,” but rather building infrastructure that truly serves the financial system. She pointed out that the most fundamental needs of finance are only four: speed, cost, programmability, and liquidity.
Solana chose to put all these capabilities on a single chain, which is why it insists on not doing L2, sharding, or sub-chains. “This is the reason Solana was considered ‘heretical’ early on, and it’s also the key to keeping our vision clear.” Lily stated that a platform that enables developers to build applications and enhance the “utility of money” is the most valuable.

Author: Dougie, member of Figment Capital
Translated by: Felix, PANews
Over the past year or so, buybacks have become a mainstream topic in discussions about token price increases. For almost every community question regarding governance models, buybacks have become the default option: When will there be a buyback? Why not buy back more? Does this team really care about their token? What's truly interesting is not that buybacks have suddenly become popular, but why they have become popular. The rise of buybacks isn’t because they are obviously the optimal mechanism, but because the entire market’s trust in token design has completely collapsed.
For years, the crypto industry has asked token holders and investors to view tokens as abstract representations of “governance” or “governance models,” without granting any enforceable rights or transparently disclosing treasury usage. The legal separation between foundations and development labs has led to

On December 1, 2025, Huione Pay announced the suspension of its operations.
This is not a simple closure of an ordinary payment company, but rather the complete collapse of a gray and black financial network spanning payments, escrow black markets, and crypto stablecoins, under the sanctions and regulatory crackdowns of multiple countries.
The true center of this network is the Huione Group.
The Countdown of Huione
Once known as the "Alipay of Cambodia," Huione was the largest third-party financial system in the Southeast Asian gray industry circle and a secret overlord of USDT payments. Its downfall did not come suddenly, but was a countdown with its ending already written.
As early as March this year, Huione had its license revoked by local financial institutions, losing its legal status. In May, the U.S. Financial Crimes Enforcement Network (FinCEN) issued a final rule under Section 311 of the Patriot Act, designating Huione Group as a "primary money laundering concern" and completely cutting off its ties with the United States.

At the Binance Blockchain Week roundtable forum in Dubai, Binance CEO Richard Teng shared platform data:
Over the past two years, as regulations have become clearer, the U.S. has shifted from "anti-crypto" to "strong support," ETFs have been approved, and traditional financial institutions have entered the space, the number of institutional onboardings on Binance has doubled for two consecutive years.
He emphasized that due diligence processes for institutions, enterprises, and family offices are much more complex than for retail investors, so they will not all enter the market at the same time, but "they are all making progress, just at different paces."
Currently, the global cryptocurrency adoption rate is still only 8%.
After communicating with multiple enterprises and family offices, he believes that institutional entry is a "certainty trend, it's just a matter of time," and he reiterated, "We are very bullish in the long term."

At a roundtable at Binance Blockchain Week in Dubai, Solana Foundation President Lily Liu shared an amusing story: "Back in 2016, I set the guest Wi-Fi password to bitcoin100k, and everyone around me thought I was crazy."
She joked that it's time to change the password now,
"Let's just keep adding zeros."

Author: BlockWeeks
What supports the $2.6 trillion crypto market’s liquidity is not the sovereign credit of any nation, but a private company that moved its headquarters from Hong Kong to Switzerland, and ultimately settled in El Salvador—Tether. Its issued US dollar stablecoin, USDT, holds over 70% of the market share. Over the past decade, it has expanded amid crises and doubts, and is now attempting to define the industry's boundaries with its profits.
However, a recent “weak” rating from S&P Global has once again revealed the core contradiction of this grand experiment: a currency tool designed to be “stable” is itself becoming the system’s greatest point of risk.
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> It’s like an elephant dancing on a tightrope, with a base of hundreds of billions of dollars in US Treasury bonds, but taking adventurous steps into AI, brain-computer interfaces, and Argentine farmland. — This is how the BlockWeeks editorial team describes it.
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Part I

Author: Ada, Deep Tide TechFlow
After the major shakeout on October 11, the crypto market did not experience a retaliatory rebound. Instead, it continued to plummet in November. Bitcoin fell below the $90,000 mark, and Ethereum also dropped to around $2,800.
But for the seasoned crypto veterans, none of this is a big deal. They’ve experienced even greater volatility, gone through more brutal shakeouts, and even fallen into deeper pits. Those who have weathered many storms have only a casual “What’s the big deal?” for such markets.
However, when talking about the past, no one is left unmoved. Some have experienced exchange collapses, some have been burned by so-called insider tips, and some have been wiped out by people they thought they could trust...
Let’s listen to their stories and see what kinds of memorable loss-making experiences veteran crypto traders have had in the industry.
Mike: Hit Hard by an Exchange Exit
I’m Mike, 2

Author: Zen, PANews
From forming a connection with poker and horse race betting to founding a quantitative trading company, billionaire Jeff Yass established Susquehanna International Group (SIG) in 1987. Starting with proprietary capital trading, SIG has now become one of the largest market makers for listed equity options in the United States, providing liquidity for stocks and derivatives in over 50 markets worldwide.
In the domestic market, SIG is well known largely because its fund SIG Asia Investments participated in ByteDance’s angel round in 2012 and remains one of its major shareholders to this day.
Whether in investment or trading, SIG is always forward-thinking. Over the past decade, SIG has gradually entered the crypto asset sector, first by participating in the spot and derivatives markets for Bitcoin, and then through its...

Author: Eli5DeFi
Compiled by: Tim, PANews
Editor's Note from PANews: On November 25, Google's total market value reached a historic high of $3.96 trillion. In addition to the newly released most powerful AI, Gemini 3, another factor driving the stock price is its self-developed chip, TPU. Beyond the field of AI, TPUs are also set to make a significant impact in blockchain.
The narrative of modern computing hardware has largely been defined by the rise of GPUs.
From gaming to deep learning, Nvidia’s parallel architecture has become the industry standard, gradually relegating CPUs to a supporting role.
However, as AI models encounter scaling bottlenecks and blockchain technology advances towards complex cryptographic applications, a new contender—the Tensor Processing Unit (TPU)—has emerged.
Although TPUs are often discussed within the context of Google’s AI strategy, their architecture unexpectedly aligns with the next milestone in blockchain technology: post-quantum.

Today's Top News:
The UK has officially included cryptocurrencies and other digital assets under legal protection, recognizing them as a new form of personal property.
Trump strongly hints at Hassett as the next Federal Reserve Chair.
The probability of a 25 basis point Fed rate cut in December is 89.2%.
CME launches a Bitcoin Volatility Index, similar to the VIX in the stock market.
Binance co-founder He Yi appointed as co-CEO; platform users near 300 million.
Jupiter launches DTF platform; the first project, HumidiFi (WET), will start its token sale tonight.
Bank of America recommends its wealth management clients allocate 1%–4% to crypto assets.

At Binance Blockchain Week in Dubai, Saylor introduced MicroStrategy's latest capital structure:
The company holds $6 billion in BTC and has about $800 million in debt, with very low leverage;
As long as Bitcoin appreciates at an annualized rate of 1.36%, the company can pay dividends perpetually and create value.
He revealed that this week they added $1.44 billion in cash reserves, enough to cover 21 months of dividends. "Even if the capital markets close, we can hold out for 21 months."