[Coin World] Sahara just posted a tweet clarifying the recent fluctuations in token prices.
They specifically mentioned that the two market makers, AmberGroup and HerringGlobal, have no issues, and their behaviors are normal upon investigation. The smart contract side also confirmed that everything is safe, and the code has not been tampered with. The management and custody rights of the Token are entirely held by the foundation, and outsiders cannot touch them.
As for why the price suddenly plummeted and then bounced back? The official explanation is: there were large amounts of perpetual contracts being liquidated at that time, coupled with a pile of short positions in the market, and the combination of these two forces pushed the price down. In simple terms, it's a typical chain reaction of liquidation.
The Sahara team is currently communicating one-on-one with major trading platforms to continue collecting on-chain and off-chain trading data, aiming to thoroughly clarify the ins and outs of the entire incident. Once they have verified the information with the exchanges and obtained more solid evidence.

[Block Rhythm] Recently, there has been a lot of talk online about the big dump of the SAHARA Token on November 29, suggesting that the market maker got liquidated. The project party came out today to refute this, stating that the news is not true.
They specifically confirmed that both designated market makers, Amber Group and Herring Global, have not encountered any issues, and everything is operating normally. The smart contracts for the tokens are also functioning well, with no security problems. The foundation is managing and custodizing the tokens according to protocol, with no abnormal operations.
As for why the price suddenly collapsed, the project party analyzed the data at hand and concluded that it was mainly due to a large-scale liquidation in the perpetual contracts at that time, coupled with the overwhelming short selling pressure in the market, which led to a sharp price fluctuation. However, they also mentioned that they haven't fully grasped the entire situation yet and are waiting for more information to confirm. It seems this matter needs to be observed further.

[Chain News] Goldfinch has encountered another issue. A user wallet named deltatiger.eth was hacked, resulting in a direct loss of 330,000 dollars. Security monitoring shows that the attacker has transferred almost all of the 118 ETH(, amounting to about 330,000 dollars), into Tornado Cash - once funds enter this mixer, they are basically untraceable.
Users of DeFi lending protocols need to be more vigilant lately, as targeted attacks are becoming increasingly frequent. Signature authorizations, phishing websites, malicious contracts... on-chain security is no joke. Watching this money just evaporate is truly heartbreaking.

[Block Rhythm] On December 2nd, the Meme coin PIPPIN on Solana surged against the tide in a sea of green, reaching a market capitalization of 200 million dollars, with a unit price of 0.208 dollars, rising more than 42% in a single day.
However, this wave of price surge is quite strange. Some analysts have dug up that a bunch of wallets are frantically hoarding but just won’t sell, pushing the prices up, and then those who shorted the market entered. The result? These shorts are repeatedly liquidated, directly falling into the leverage "death spiral" — the more they are liquidated, the higher the price goes, the more shorts there are, creating a vicious cycle.
This kind of gameplay is actually quite dangerous. Meme coins are already notoriously volatile, and when faced with such obvious market manipulation, ordinary players can easily become bag holders. If you don't understand this trick, it's better not to enter the market lightly, after all, the U in your wallet is much more real than the numbers on the screen.

[Block Rhythm] Lily Liu, the head of the Solana Foundation, has recently gone all out, directly confronting a certain traditional major newspaper's reporting style on the tech industry and AI field.
Her attitude is very straightforward: these so-called "in-depth reports" have actually long lost their original meaning, superficially claiming to be objective and neutral, while fundamentally driven by ideological preconceptions. What is most frustrating is that these media always seem to like to associate technological innovation and wealth growth with terms like "exploitation" and "plunder," as if engaging in innovation is inherently malicious.
But what is the reality? AI is currently a track where global capital is betting crazily, and all countries are treating it as a strategic level endeavor. This deliberately slanderous reporting method, to put it bluntly, is just out of touch with the pace of the times and is still using an outdated narrative framework to understand the new world.
Industry giants openly tear apart traditional media, which in itself is quite interesting—this indicates that the conflict between the crypto circle and traditional public opinion has already been brought to the forefront.

The Ethereum research team has recently been working on a quite interesting project – the "Zero-Knowledge Secret Santa" protocol. You can tell from the name that it is related to privacy.
In simple terms, they want to use a combination of zero-knowledge proofs and relayers to solve a practical problem: how to conduct anonymous gift exchanges or anonymous voting on a public and transparent chain like Ethereum? After all, all transactions on the chain are public, so it's really not easy to hide a little secret.
If this protocol is implemented, it will be much more convenient to hold small activities that need to be kept confidential on the chain in the future.

[Block Rhythm] Just noticed some movement, about half a day ago, a wallet suspected to belong to the WLFI team (Address DHf6...VM8m) threw 73.16 million WLFI Tokens to a certain leading exchange. At that time's market price, this batch was worth 11.11 million dollars.
Transfers of this magnitude are either the project team adjusting their holdings or preparing to cash out. In any case, the on-chain data is there; how to interpret it is up to each individual's judgment.

[Coin World] There is some explosive news: Trump has basically finalized the candidate for the next chairman of the Fed - Kevin Hassett. This guy has been one of Trump's old advisors, with full loyalty, and he is also well-recognized in the market. The key is that they have often together criticized the Fed's monetary policy.
If this matter is confirmed, the impact on the market could be significant. The policy direction after Hassett takes office, especially regarding interest rates and liquidity, is directly related to the trends of risk assets. Those of us involved in crypto need to keep a close watch—changes in the Fed's leadership often mean the rules of the game are about to change.

On December 2nd, a certain well-known short positions Address finally had a moment of glory.
This brother, who once doubted life after losing money on ZEC, has recently been madly closing positions to take profits. The position size was cut from 23.21 million dollars the previous day to 9.88 million dollars, cashing in over 5 million dollars in profit. There is still 2.43 million dollars in floating profit on the books (yield of 125%), earning 15.33 million this week.
The time goes back to October 10th. At that time, he opened short positions on ZEC at 184 dollars, and then kept adding to his positions as it fell to average down his costs, raising the average price to 419 dollars. By October 17th, the unrealized loss in his account reached an exaggerated 21 million dollars, with actual losses close to 3 million.
But the story is not over yet.
This address is currently shorting four currencies: ETH, ZEC, MON, and HYPE. The real cash machine is actually the ETH short position—floating profit of 9.52 million USD, with a return rate of up to 643%.

[Block Rhythm] Cango delivered an impressive report card for the third quarter - total revenue of $225 million, a big pump of 60.6% quarter-on-quarter. Operating profit of $43.5 million, net profit of $37.32 million, directly turning from a loss in the same period last year to a profit.
After transforming their Bitcoin mining business for a year, they have now deployed a global computing power of 50 EH/s, positioning themselves firmly in the industry's top tier. In the third quarter, they mined 1930.8 BTC, which is a 37.5% increase compared to the previous quarter, averaging 21 coins per day. The total cost of a single Bitcoin is $99,383, a figure that reflects equipment upgrades (with the introduction of T21 and S21 series mining machines) and the new acquisition of a 50-megawatt mining facility in Georgia ramping up operations. The efficiency of computing power has surpassed 90%, and in October, operational computing power surged again to 46.09 EH/s.
In terms of AI computing power, they are targeting "global distributed AI computing powered by green energy."

[Chain News] Seeing the latest report card released by the listed mining company Cango, the numbers are quite interesting.
In the third quarter, they achieved a revenue of $225 million, of which 98.4% came from Bitcoin mining—essentially all in on mining. They netted $37.3 million, and adjusted EBITDA soared to $80.1 million. In three months, they mined 1930.8 BTC, which calculates to an average total cost of about $99,400 per coin. By the end of September, the cumulative output had reached 5810 BTC.
What is even more noteworthy is their new move: they do not intend to stubbornly pursue the path of mining anymore, and are starting to lay out a global green AI computing power network. Energy projects have already been launched in Oman and Indonesia, suggesting that they want to extend the energy management experience accumulated from mining to the AI computing power market.
This way of transitioning from single mining to computing power infrastructure truly aligns with the current trend—mining companies are no longer just focused on coin prices, but are instead turning to computing power.

Recently, the speed of ETH unstaking has attracted attention. The CEO of a certain trading platform proposed three solutions: 1. Queue and wait, worst case 38 days to receive; 2. Convert staked ETH into tradable cbETH; 3. Pay a 1% fee for instant unstaking. The choice needs to weigh time against cost.

【Block Rhythm】The Japanese bond market has recently been under pressure. The yield on 30-year government bonds has surged to a historic high, now standing at 3.405%, which is an increase of 1.5 basis points from before.
The logic behind this wave of rise is quite clear - inflation has been hovering at a high level, and the market is starting to bet that the Bank of Japan might take action to raise interest rates this month. After all, Ueda Kazuo said just a couple of days ago that the next meeting will seriously discuss the matter of raising interest rates, and as soon as those words were spoken, the market immediately reacted.
In contrast, the 10-year yield has been quite stable, remaining at 1.875% without much movement. However, with the long-end yields soaring like this, if interest rate hikes actually materialize, the chain reaction on global liquidity may just be beginning.

[Bit推] DeepNode AI recently secured a seed round funding of $2 million. This project, which focuses on AI infrastructure, is now valued at $25 million.
It is noteworthy that this round of financing was mainly completed by community members - this type of financing is quite rare in the current market environment, indicating that the project has built a good community foundation early on.
The AI+Web3 track has been very hot in the past two years; if projects at the infrastructure level can succeed, the potential is indeed significant. However, with a seed round valuation of 25 million, it will depend on whether the team can truly bring the product to fruition.

[Block Rhythm] I just saw an interesting piece of news, a Wallet has been sleeping for nearly 16 years and suddenly woke up today.
This address contains 50 Bitcoins, which is worth over 4.3 million dollars at the current price. You have to know that 15.7 years ago was 2009, when Bitcoin had just been born not long ago. This is definitely the wallet of an early player or miner.
The sudden activation of this old wallet always makes people curious about the story behind it. Did someone finally recover the private key? Or did an old player decide to cash out? Or is it just a matter of changing the address to continue hoarding coins?
No matter what, being able to hold onto Bitcoin for so many years without moving it is truly impressive. From a few cents to over 80,000 dollars now, experiencing so many ups and downs in between, and yet never selling, this is a true "diamond hands."

[Coin World] Ripple has locked up again! This time, they directly threw 300 million XRP into an accomplice account, which is roughly over 600 million dollars at the current price. In fact, this is their routine operation, which they do once every month, mainly to control the number of tokens circulating in the market. To put it simply, by locking up a portion, the XRP in the market won't suddenly surge to impact the price. This kind of play is also considered a standard action for large investors managing their chips in the encryption circle, after all, having a lot of coins in hand, how to release them is a science.

[Block Rhythm] On December 2, market news reported signs of a rebound in BTC prices. According to exchange data, Bitcoin has once again surpassed the $87,000 mark, with the intraday decline narrowing to 0.15%. Previously, the price had experienced a pullback, but currently, the strength of long positions is driving the coin price back up, and the short-term trend has stabilized.

[Bitu] Another story that slipped away.
On-chain data shows that a certain ETH swing trader sold 2,287 ETH in a single transaction 9 hours ago, with a transaction amount of 6.32 million USD and an average selling price of 2,766.38 USD.
This batch of coins was acquired a week ago at $2781.28. During this period, ETH once surged, with paper profits reaching $703,000, but this large holder never pressed the take profit button. By the time they finally acted, the coin price had already dropped—ultimately, they only pocketed $33,000 in profit.
From 700,000 to 30,000, the psychological game in between may be more thrilling than the numbers on the balance sheet. The hardest part of swing trading has never been judging the direction, but knowing when to stop.

According to Coinglass's latest monitoring, the crypto market experienced a fierce Whipsaw in the past day.
The total liquidation amount across the network reached 974 million USD. Long positions have become the hardest hit in this round of decline—850 million USD of long positions were forcibly liquidated, while shorts only lost 123 million. This stark contrast directly reflects how optimistic market sentiment was, and the reality has given a harsh lesson.
What's even more outrageous is that within just 24 hours, 267,000 accounts were liquidated. Behind this number lies countless stories of high-leverage players' blood and tears.
The most striking thing is a liquidation order of ETH worth $15.6095 million on a decentralized trading platform. Such a multi-million dollar single liquidation usually signifies that large holders or institutions have been trapped in long positions at high prices.
When market volatility intensifies, risk control is truly more important than anything else.

[Block Rhythm] On December 2, there was an interesting on-chain event – a mysterious Address just received 7,080 ETH from FalconX, which at that time's price was approximately 19.89 million dollars.
The owner behind this address could be Bitmine or Sharplink Gaming, but it is still uncertain who exactly it is. However, what is more noteworthy is that this address currently holds 23,772 ETH, with a total value reaching 66.77 million USD.
At this level of holding volume, it's definitely considered a whale player.